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Country receives 9% more monsoon rainfall in July after weak June

The lifeblood of the nearly $3.5 trillion economy, the monsoon brings nearly 70 per cent of the rain India needs to water farms and refill reservoirs and aquifers

April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target

Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year

TeamLease Q1 results: Net profit drops 21.3% to Rs 20.79 cr on weak demand

Revenue from its specialised IT staffing services business climbed 3.6 per cent, whereas that from its general staffing business rose 20 per cent

Maruti Suzuki Q1 results: PAT up 47% to Rs 3,650 cr on high demand of SUVs

The share of SUV sales in Maruti's overall sales grew to 31 per cent from 25 per cent a year ago, making it the company's second-biggest segment after compact cars

M&M Q1 results: Adjusted profit jumps 23% on strong car and tractor sales

Including that year-ago gain, M&M's profit fell 5.3 per cent year-over-year in the latest quarter

Biden administration plans new US rule on foreign chip exports to China

The rule, an expansion of what is known as the Foreign Direct Product rule, would bar about half a dozen Chinese fabs at the center of China's most sophisticated chipmaking efforts

Foreign banks' 2024 Indian bond purchases hit record high, exceeds $16 bn

The persistent purchases by foreign participants will reduce the pressure on local banks to absorb supply

As Assembly polls loom in 4 states, PM faces middle class' ire over Budget

Regional votes are also important because they determine a party or alliance's strength in the upper house of parliament

Toyota to post jump in profit over hybrid demand, momentum may be slowing

Toyota's global sales declined 2% in April-June versus a year earlier as robust U.S. and European demand wasn't enough to make up for declines at home and in China

HSBC shares rise on $3 bn buyback; flat first-half profit beats estimates

Europe's largest bank forecast its return on average tangible equity - a performance target - to be in the mid-teens in 2025, matching its estimate for 2024

RBI to keep popular govt bond tenors free of foreign investment curbs

The decision on exclusions from the FAR category is not based on any consideration of volatility

India's July diesel, ATF exports to S'pore, Australia to hit 2.5-yr high

Jump in middle distillates exports from swing supplier India to the Asia Pacific will likely cap prices and refiners' margins in the region

Lufthansa forecasts lower earnings in Q3 as yields slump, costs rise

Lufthansa shares are down around 25 per cent over the last six months as it continues to struggle to recover its balance sheet

Venezuelans protest as observers say presidential vote undemocratic

The protests, which the government denounced as an attempted coup, began on Monday after the South American country's electoral authority declared that Maduro had won a third term

Microsoft's slow cloud growth signals AI payoff likely to take longer

Big technology companies have been pouring billions of dollars into data centers to capitalise on the generative AI boom

Biden, Lula press Venezuela to publish election tallies to end crisis

In Venezuela, protesters took to streets, waving flags and demanding President Nicolas Maduro acknowledge he lost Sunday's election to an opposition that claimed it clinched a landslide victory

Starbucks' efficiency gains bolster profit even as China, US drag sales

Starbucks this year rolled out its Siren System plan, which included updating its equipment to increase the pace of service at its stores, as the company turns to discounts and promotions

US election: Harris gains ground over Trump in 6 swing states, shows poll

The poll - conducted online from July 24-28 - shows Harris leading Trump in Michigan by 11 percentage points, while in Arizona, Wisconsin and Nevada, she has a 2-point advantage

RBI to hold interest rates steady in August, first cut expected in Q4: Poll

A sharp spike in food prices drove inflation in Asia's third-largest economy to a five-month high of 5.08 per cent in June

Airbus faces criminal probe in Britain over potential export control breach

The investigation emerged in footnotes to the company's half-yearly earnings, which said Airbus was fully cooperating with the probe by Britain's Revenue and Customs agency (HMRC)