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MUMBAI: Indian billionaire Mukesh Ambani has doubled down on his promise to offer 5G services on his wireless network as early as this year, as his conglomerate Reliance Industries Ltd reported a record profit aided by its consumer businesses.
NEW YORK: Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million, or 22%, last year, according to a regulatory filing released on Friday.
The group’s wireless operator, Reliance Jio Infocomm Ltd. -- India’s largest -- has started advance tests to prepare the fifth-generation, high-speed network, it said in a statement Friday.
NEW YORK: JPMorgan Chase & Co Chief Executive Officer Jamie Dimon (pic) will not get a raise in his annual pay and will receive US$31.5 million for his work in 2020, the bank said on Thursday.
LOS ANGELES: Netflix shares saw their biggest single-day gain in more than four years the day after the streamer reported strong Q4 subscriber growth that topped Wall Street expectations. The company also said it was "very close" to achieving sustainable positive free cash flow and that it was contemplating stock buybacks.
The results helped Goldman absorb a US$3 billion settlement with the U.S. Department of Justice and other regulators over its role in Malaysia's 1MDB corruption scandal.
KUALA LUMPUR: Sentral REIT Bhd, formerly MRCB-Quill REIT, posted net profit of RM12.22mil in the fourth quarter ended Dec 31,2020 and declared an income distribution of 3.65 sen per unit.
SAN FRANCISCO, Jan. 15 (Xinhua) -- Multinational financial services company Wells Fargo & Company on Friday reported a net income of 2.99 billion U.S. dollars for the fourth quarter of 2020, compared with 2.87 billion dollars for the same period of the previous year.