Tag Archives: expects

Finance Ministry expects remaining four banks to be out of PCA framework this fiscal

New Delhi: The finance ministry expects the remaining four public sector lenders to be out of the RBI’s prompt corrective action (PCA) framework with the recent round of capital infusion. Currently, Indian Overseas BankNSE -0.96 % (IOB), Central Bank of India, UCO Bank and United Bank of India are under this framework which puts several restrictions on them, including on lending, management compensation ... Read More »

Sony Expects Gaming Business Profit as Strong Yen Eats Into Image Sensors

Japan’s Sony Corp said on Friday it expects operating profit to fall 8.8 percent in the financial year through March 2019 as a stronger yen eats into profit from the image sensor business. The electronics and entertainment firm forecast profit to fall to CNY 670 billion ($6.13 billion) from CNY 734.86 billion a year prior, when earnings exceeded the previous peak set in the ... Read More »

Nest is taking preorders on the Nest Cam Outdoor; expects to ship the camera in September

Nest Labs is taking preorders on a weatherproof outdoor version of its Nest Cam home security camera that will reach store shelves in September. Nest will also release a new version of its camera app at that time, delivering some of the same new features to Nest Cam Indoor and Dropcam users. More on that later. As we’ve come to ... Read More »

Deutsche Bank expects 2018 will be its first ‘clean’ year

Chief financial officer of Deutsche Bank has said that he expects 2018 to be the first “clean” year for the bank as the lender continues to struggle with writedowns, litigation charges and restructuring costs, following a record loss for 2015. “We are coming back from a humongous loss position, if we turn this around over the next two years – ... Read More »