Tag Archives: Slumps

Sony Sees Strong Demand for PS4 Games as Mobile Business Slumps

HIGHLIGHTS Sony had a JPY 26 billion net profit in the six months through September Revenue during the period fell more than 10 percent to JPY 3.3 trillion Strong demand for games for its hugely popular PlayStation 4 game console Sony said Tuesday its fiscal first half net profit dived owing to a sharp rally in the yen and losses ... Read More »

Sensex Slumps 284 Points On Profit-Taking, Global Weakness

Markets experts had warned about selloff in domestic markets after the sharp run-up 3:35 p.m.: Sensex slumped 284 points on profit-taking, global weakness – marking its fourth day of fall in a row, while Nifty settled at 8,544. Investors awaited a decision on the goods and services tax bill as Rajya Sabha debated the legislation. Analysts say that Indian markets need ... Read More »

IT Stocks Plunge As Pound-Sterling Slumps On Brexit

IT stocks nosedived on Friday after Britain voted to exit European Union leading to over 10 per cent slump in the British pound against the dollar. The IT sub-index on Bombay Stock Exchange plunged as much as 4 per cent. The pound collapsed to a 31-year low and went into a freefall on Friday after Britain voted to leave the ... Read More »