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Uber forecasts quarterly operating profit above estimates on ride demand

Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing

'Govt asks Tesla to copy Apple in pairing Chinese, Indian suppliers'

Tesla wants to use some Chinese vendors, India wants workaround

Godrej Agrovet posts higher profit at 27.3% for June quarter as costs drop

The company's consolidated net profit rose to 1.05 billion rupees ($12.8 million) in April-June, from 827.1 million rupees a year ago

Hollywood saves India's PVR Inox as Bollywood bombs at box office

International cinema helped India's biggest movie operator PVR Inox post a rise in first-quarter revenue as Hindi films failed to bring moviegoers to theatres

Pfizer misses revenue estimates as Covid-19 product sales decline

The company has said it expects 2023 to be a low point for COVID product sales following strong demand at the peak of the pandemic before a potential return to growth in 2024

Govt orders firm linked to Cameroon cough syrup deaths to stop production

The move comes as Indian regulators step up inspections at drugmakers after cough syrups made in the country were linked to the deaths of dozens of children overseas, denting India's image as the "pha

RBI tells banks it is ready, able to manage Russian fund outflows

Amid Western sanctions that restrict Russia's use of the US dollar for trade, India paid in other currencies, including the dirham, yuan and rupee, which local banks hold in special accounts

Meta prepares AI-powered chatbots in attempt to retain users: Report

The report comes as Meta executives are focusing on boosting retention on its new text-based app Threads, after the app lost more than half of its users in the weeks following its launch on July 5

Amazon to invest $7.2 bln in Israel, launches AWS cloud service in region

Amazon's cloud services in the region will allow the country's government to run applications and store data in data centers located in Israel

July goods and services tax receipts rise 11% YoY to Rs 1.65 trn

India's goods and services tax (GST) collections rose 11% from a year earlier to 1.65 trillion rupees ($20.05 billion) in July, a government statement showed on Tuesday

Heavy rains dampen Indian retailers' gasoil, gasoline monthly sales in July

Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods

Foxconn EV venture targeting India or Thailand for new small car plant

The Taiwanese company's EV platform unit Mobility in Harmony (MIH) would be willing to work with its parent or another company to build the new three-seat EV priced below $20,000

Gold demand in India this year could fall 10% to hit 3-year low: WGC

In the June quarter, scrap supplies jumped 61% from a year ago to 37.6 metric tons, the highest in nearly 3 years, the data showed

Reliance partners with Brookfield for Australia's renewable energy push

Brookfield Asset Management said in March it will invest A$20 billion and A$30 billion over the next ten years in Australia along with it partners in renewable energy projects

Foxconn Industrial Internet denies signing deal with Tamil Nadu: Report

The government of the southern Indian state of Tamil Nadu said on Monday it has signed a deal with Foxconn for a new electronic components manufacturing facility that would create 6,000 jobs

Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1

A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday

Wall Street, global stocks remain flat ahead of earnings, economic data

The Dow Jones Industrial Average rose 0.11%, to 35,499.78, the S&P 500 was little changed at 4,582.45 and the Nasdaq Composite added 0.07%, to 14,326.87

Japan chip equipment supplier Disco to set up center in India: Report

The chipmaking device supplier will consider opening an applications laboratory, which performs test cuts and other experimental processing at customer's request, in India, the report said

German data watchdog probing Worldcoin crypto project, says official

Worldcoin, which launched last week, requires users to give their iris scans in exchange for a digital ID and, in some countries, free cryptocurrency as part of plans to create a new identity

X social media reveals reporting structure under Elon Musk: CEO Yaccarino

The company said both Musk and Yaccarino will oversee the trust and safety team, which is responsible for content moderation