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[ad_1] NEW DELHI: HPCL on Wednesday reported a profit in the June quarter as the freeze on petrol and diesel prices helped its marketing margin turn positive. It posted a net profit of Rs 6,204 crore in April-June compared with a loss of Rs 10,197 crore in the year-ago period. Last year, HPCL and other government-owned fuel retailers froze retail petrol and diesel prices to cushion domestic consumers from rising oil rates. agencies [ad_2] Source link https://worldnews2023.com/business/petrol-hpcl-is-back-in-black-in-june-qtr-times-of-india/?feed_id=124590&_unique_id=65279b0603051

[ad_1] Last Updated: April 26, 2023, 03:05 IST Rise in profit show that search engine behemoth Google is regaining its footing. (File Photo) Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. The tech titan has found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a major challenge by Microsoft on artificial intelligence. Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts, and in the same three-month period that the company said it would lay off 12,000 staff, or six percent of its workforce. In its results, Google announced a $2 billion charge for expected costs for the sackings. Google became a focus of worry when M