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Kalyan Jewellers logs 33% surge in profit for Q1 on seasonal demand

Kalyan Jewellers India reported on Wednesday a 33% surge in its first-quarter profit, underpinned by premium pricing and improved demand during the festive season

India's July inflation likely breached RBI's 6% upper tolerance level: Poll

The Aug. 3-8 Reuters poll of 53 economists predicted the consumer price index (CPI) rose at an annual rate of 6.40 per cent in July

Cannot confirm leakage: Japan as report of Chinese hacking surfaces

Japan's slow response to improve its cyber network could impede greater intelligence sharing between the Pentagon and Japan's Defence Ministry, the Washington Post said

US trade deficit shrinks sharply as imports hit more than 1-1/2 year low

Imports drop 1.0%, goods imports decline 1.2%; exports dip 0.1%, goods exports decrease 0.1%

SoftBank Group logs surprise loss but Vision Fund unit returns to profit

Overall, SoftBank reported a third consecutive quarterly loss, hit by declines in valuations for major investments such Alibaba Group, Deutsche Telekom, and T-Mobile US

Apple, Samsung to invest in SoftBank's Arm at IPO in Sept: Report

Arm plans to sell the chipmakers stakes of "a few percent each", the report said

Hero MotoCorp receives over 25,000 bookings for India-made Harley-Davidson

Indian bike maker Hero MotoCorp on Tuesday said it received over 25,000 bookings for the world's cheapest Harley Davidson motorcycle, sending shares up over 3%.

Govt broadens access to 'vostro' accounts to facilitate rupee trade

India has allowed banks in 22 partner countries, including Russia and UK, to open "vostro" accounts in the country, the government told parliament on Tuesday, to help facilitate trade in rupees

Norway fines Meta Platforms $97,700/per day to stop privacy breach

Meta Platforms is asking for a temporary injunction against the order, according to a court filing. Its petition will be presented on Aug 22 during a two-day hearing

Wheat prices jump to 6-month high on robust demand, limited supply

The government should release stocks from its warehouses into the open market to avoid potential shortages during the festive season, said a Mumbai-based dealer associated with a global trade house

Brigade Enterprises Q1 profit falls 56% as real estate sales drag

Real estate consulting firm Anarock said in July factors like inflation, any potential rise in interest rates and corporate layoffs could weigh on growth in the next two quarters

Oil India's Q1 profit rises marginally as lower costs outweigh rev drop

Oil India's profit fell nearly 10% from last quarter after the government slashed gas prices in April

India's rice export ban could hit planting, farm income: Farmers' body

Mishra said the government must compensate farmers by buying large quantities of the new-season rice harvest at higher prices

India's July fuel demand up 1.9% YoY to 18.09 mn tonnes: Oil ministry data

Sales of gasoline fell 5.3% to 2.99 million tonnes and sales of diesel decreased around 13% to 6.89 million tonnes in July from the previous month, the data showed

Indian private credit funds, non-bank lenders filling gap left by banks

Private credit funds lend to these companies at 12%-18%, splitting transactions into tranches. The riskiest of such credit can yield up to 20%-24%

India rate panel to dial up hawkishness even as it holds policy steady

The MPC at its June policy meeting also reiterated its intent of nudging inflation towards its medium-term target of 4% and not just holding it below 6%

PB Fintech's net loss narrows to $1.4 mn in Q1 on loan, insurance demand

Revenue from operations rose 31.8% to 6.66 billion rupees, with revenue from Policybazaar and Paisabazaar, its core online business, growing 39% to 5.16 billion rupees

Vaibhav Taneja appointed as Tesla's new CFO as Kirkhorn steps down

Taneja, 45, joined Tesla after the automaker acquired SolarCity in 2016

MedPlus Health reports 18% rise in Apr-June qtr profit on retail demand

India's MedPlus Health Services reported a 18.3% rise in first-quarter profit on Monday as increased presence of the pharmacy helped drive its retail sales

WHO flags contaminated syrup in Iraq made by India's Fourrts Laboratories

The United Nations agency in its medical products alert said the batch of the syrup, branded Cold Out, had higher than acceptable limit of contaminants diethylene glycol and ethylene glycol