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Grasim Industries posts 56% Q1 profit drop on chemicals, textile slump

Prices of chemicals, including caustic soda, fell in the in the June quarter, leading to a 21.5% revenue drop in the company's second-largest business

Italy bank windfall tax is 'credit negative' for banking sector: Moody's

"If implemented in its current form, (the tax) would account for about 15% of the banking system's 2022 consolidated net income," Moody's noted

Pidilite Industries posts Q1 profit rise on strong demand, easing costs

Consolidated revenue from operations rose nearly 6% to 32.75 billion rupees

India starts importing tomatoes from Nepal amid record spike in prices

The first lot of imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur cities in northern India, Finance Minister Nirmala Sitharaman told the parliament

Bajaj Electricals Q1 profit falls as unseasonal rains, inflation hit demand

Consolidated net profit was 371.3 million rupees ($4.49 million) for the three months ended June 30, compared with 429.6 million rupees a year earlier

RBI seeks greater transparency in floating interest rates of retail loans

As policy interest rates rise, lenders pass on the burden to customers by either raising their monthly payments or increasing the tenor of their loan

Rupee eyes RBI monetary policy decision, US inflation data to follow

Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa

Oil prices fall as China woes offset boost from high US fuel demand

Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session

CapitaLand launches new India fund, sees $520 million addition to total FUM

Additionally, the company said it had secured a S$263 million funding from a global institution for a 50% stake in the fund's first closing

Hero MotoCorp faces tax probe over links to vendor Salt Experiences

A spokesperson for Hero MotoCorp said the company would issue a statement on the matter soon. Salt could not be reached for comment

Rajya Sabha passes data protection law amid surveillance concerns

The new legislation comes after India withdrew a 2019 privacy bill that had alarmed tech companies like Facebook and Google with its proposals for stringent restrictions on cross-border data flows

Bata India posts first profit drop in two years on sluggish demand

Bata has lagged its peers due to a slow pace of innovation and ebbing brand pull, while its lower-price products have grown at a slower pace, brokerage Ambit Capital had said in a note in May

Tata Capital plans to raise Rs 2,800 cr via debt in FY24: Official

"If credit is expected to grow at around 15%, we will try to grow our AUM (assets under management) by more than 25%. Our liabilities will have to match that"

Warning sign for global economy, China's CPI tips into deflation in July

CPI falls in annual terms for first time in 2 years; country becomes first G20 economy to report deflation since Japan in 2021

Axis Bank to raise stake in Max Life through Rs 161 crore investment

The proposed infusion by Axis Bank in Max Life will help it to support its future growth ambitions, Max Financial Services said in a statement

Zee Entertainment swings to Q1 loss on weak advertising, higher costs

Zee flagged muted advertisement spending, mainly due to the Indian Premier League, a cricket league, during the first two months of the quarter

Sula Vineyards posts Q1 profit rise of 24.4% on premium wine demand

Shares of Sula Vineyards settled 1.3% higher ahead of the results. It gained 24.78% in the June quarter, and has risen 35.7%% since its market debut in December

Abbott India posts 41% rise in Q1 profit at Rs 29 crore on strong sales

The company has reported a double-digit growth in its revenue for the past three quarters, led by falling operating expenses and steady sales

Force Motors posts Q1 profit on strong demand boosted by rise in demand

Revenue rose 53.2% to Rs 148.8 cr

India equity MF inflows drop in July as large-caps drag: Industry data

While the benchmark Nifty 50 rose 2.94% in July, it was outpaced by a 5.5% gain in the Nifty mid-cap 100 and an 8% increase in the Nifty small-cap 100. All three indexes hit record highs that month