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Samsung flags strong AI demand as Q2 profit soars on higher chip prices

Rebounding semiconductor prices stoked by the AI boom lifted June quarter earnings for the world's biggest maker of memory chips, smartphones and TVs from a low base a year ago

China's factory activity shrinks in July, service sector grow more slowly

The official purchasing managers' index (PMI) fell to 49.4 in July from 49.5 in June

US election: Harris to hold Philadelphia rally with VP pick on Tuesday

After Philadelphia, Harris and her vice presidential pick will travel to six other locations including western Wisconsin, Detroit and Las Vegas, the campaign said in a statement late Tuesday night

Asian stocks steady, yen firm ahead of Bank of Japan's policy decision

Focus will be on whether the BOJ will raise rates, with several Japanese media reporting that the bank would consider raising rates

Bank of Maharashtra likely to issue maiden infra bonds to raise Rs 3,000 cr

Earlier this month, the bank had raised Rs 1,000 cr via Basel III compliant tier II bonds maturing in 10 years at a coupon of 7.89 per cent

Airbus quarterly profit falls to half on industrial costs, space charge

Airbus is working on a review of space activities as it discusses potential alliances with France's Thales and Italy's Leonardo, and meanwhile plans to announce a new turnaround plan

Alphabet's partnership with AI startup Anthropic under UK scrutiny

Agreements under scrutiny include Microsoft's partnerships with startups such as OpenAI, Inflection AI, and Mistral AI, as well as Alphabet's ties to other smaller companies such as Anthropic and Cohe

P&G records surprise sales drop as demand slows despite price restraint

The company's rivals, including Nestle and Unilever , also reported first-half sales growth below expectations

French cosmetics L'Oreal Q2 sales rise but depressed China market weighs

The Paris-based company, which owns the Maybelline and Lancome brands, said on Tuesday that sales in the quarter reached 10.88 billion euros

Vedanta gets secured creditors' nod for demerger into six companies

Agarwal tried unsuccessfully to take Vedanta private in 2020, his latest attempt to trim down parent company's debt last year by getting its unit, Hindustan Zinc, to buy some of firm's zinc assets

US job openings edge lower in June, labour resilience underpinning economy

Job openings have been steadily declining since hitting a record 12.182 mn in March 2022 as demand moderates in response to the Federal Reserve's aggressive interest rate hikes

Euro zone economy sees slight growth, outlook remains far from rosy

Euro zone economy is quite like water quality of Seine (polluted river in Paris), some days it may look okay but overall it's poor enough to continuously worry about it, ING economist Bert Colijn said

Torrent Power Q1 result: Net profit up 88% at Rs Rs 972 cr on robust demand

Heatwaves and increasing economic activity have resulted in India's electricity generation growing at an average of about 8 per cent annually following the pandemic

Pfizer raises annual profit forecast on strong sales of cancer, heart drugs

The market for pharmaceutical products used in managing Covid-19 has shrunk by billions of dollars a year, including for Pfizer's vaccines and treatments

Sebi proposes measures to curb speculative trading in index derivatives

Sebi also proposed weekly options contracts to be provided on a single benchmark index of an exchange and brokerages to collect option premiums on an upfront basis from their clients

Amid US scrutiny Alaska extends period for Hawaiian Airlines acquisition

Shortages of new planes, jet engines and pilots have spurred US airlines to pursue growth through acquisitions, putting them in the crosshairs of anti-trust regulators

Tesla recalls over 1.8 mn vehicles in US due to software failure risk

The recall applies to certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles, the regulator said

Force Motors Q1 results: Net profit jumps 69% to Rs 116 cr on high demand

Force, which manufactures commercial vehicles (CV), including vans, school buses and ambulances, reported a 27 per cent rise in revenue to Rs 1,885 cr during q1, driven by a 10 per cent jump in sales

Indian Oil Q1FY25 results: PAT plunges 81% to Rs 2,643 cr on low margins

IOC's average gross refining margin - the profit from making refined products from one barrel of oil - fell to $6.39 per barrel from $8.34 per barrel a year ago

Pizza Hut India operator misses Q1 estimates on weak demand, surging costs

India's quick-service chains have been struggling to attract customers amid persistent inflation, which remained around 5 per cent during the quarter