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India's July palm imports surge, near one-year high on festive demand

India's palm oil imports rose more than 37 per cent in July from previous month to about 1.1 million metric tonnes, highest since Aug 2023 and in line with traders' estimates, SEA of India said

Hindustan Aeronautics Q1 results: Net profit jumps 77% to Rs 1,437 cr

The state-owned fighter jet manufacturer and maintenance firm said its consolidated net profit rose to Rs 1,437 crore ($171 million) in the quarter ended June 30

Foxconn's quarterly profit surpasses expectations, jumps 6% on AI boom

Foxconn said it would start product delivery for AI semiconductor leader Nvidia's GB200 chip in the fourth quarter in small volumes, which would rise further in early 2025

Chinese officials get no respite as economy shows new signs of weakness

Economy had already grown more slowly than expected in the second quarter, expanding 4.7 per cent from a year earlier, as wary consumers remained reluctant to spend and trade ties with major markets

Bangladeshi turmoil risks weaker banks and slower financial reforms: S&P

An interim government, led by economist Muhammad Yunus, has been appointed to plug a power vacuum and hold elections, but the protests have widened to target officials appointed during Hasina's term

SC stays NCLAT verdict approving Byju's dues settlement with BCCI

The Supreme Court order is a setback to company founder Byju Raveendran who earlier this month regained control of the startup that was once India's most valuable at $22 billion

Global banks' tech revival sparks hope for $254 bn Indian IT sector

The revival in demand for tech services from big banks such as JPMorgan Chase and Bank of America as mentioned during their recent earnings calls could also have a ripple effect

Ukraine pounds Russia with 117 drones, says it is advancing deeper

Russia said on Wednesday that it had destroyed 117 Ukrainian drones in Russia overnight, mostly in the Kursk, Voronezh and Belgorod and Nizhny Novgorod regions, missiles had also been shot down

UBS Q2 results: Net profit at $1.1 billion after merger with Credit Suisse

Investors warmed to the takeover, by this summer pushing up the value of UBS's shares by more than two-thirds since it bought Credit Suisse in March 2023

UK inflation rises 2.2%, remains slightly less than expected in July

When the BoE cut interest rates from a 16-year high of 5.25 per cent at the start of this month, it said May and June's 2 per cent inflation readings probably marked a low point for inflation

SC order allowing states to collect past dues to hurt miners: Govt official

India's Supreme Court on Wednesday allowed state governments to collect mining companies' tax dues pending from April 1, 2005

Mpox vaccines maybe months away even as WHO, Africa CDC discuss emergency

Africa Centres for Disease Control and Prevention declared public health emergency of continental concern for first time ever, and today, a WHO-led panel meets to decide if it represents global threat

India bond yields marginally lower as traders await US inflation data

India's retail inflation eased in July due to vegetable inflation falling and high base effect as annual retail inflation was 3.54 per cent in July, lowest since Aug 2019, down from 5 per cent in June

UAW accuses Trump, Musk of intimidating workers in labour complaints

UAW seized upon Trump's remarks as the union rallies behind Democratic presidential candidate and Vice President Kamala Harris and encourages its nearly 400,000 workers to vote for her over Trump

Canadian immigration min says reform required in temporary worker programme

Labour Minister Randy Boissonnault is considering "a refusal to process in the low wage stream if the abuse and misuse does not improve," said labour ministry spokesperson Mathis Denis

Huawei Tech readies new AI chip to challenge Nvidia in China: Report

US regulators last year put in place rules that stopped Nvidia from selling its advanced chips, including the H100, to Chinese customers, citing national security concern

Russian forces strike back at Ukrainian troops with missiles in Kursk

Thousands of Ukrainian soldiers smashed through the Russian border a week ago in a surprise attack that Russian President Vladimir Putin said was aimed at improving Kyiv's negotiating position

US producer inflation slows in July amid signs of pricing power diminishing

The report from the Labor Department on Tuesday also showed favorable readings for most of the components that go into the calculation of the personal consumption expenditures

Samsung Electronics' main SK union to strike over pay from Thursday

Lee Hyun-kuk, vice president of the National Samsung Electronics Union (NSEU), said in a live YouTube broadcast: "This strike is strategically designed to damage the company."

China bank lending tumbles more than expected on tepid credit demand

Chinese banks extended 260 billion yuan ($36.26 billion) in new yuan loans in July, down nearly 88% from the previous month and also missing analysts' forecasts