Page 355 - Reuters%20/undefined

India must strengthen manufacturing sector to create jobs: Fitch analyst

During Tuesday's annual budget, India's government announced plans to spend $24 billion to create jobs over the next five years and $32 billion on rural development this year alone

Israel tanks advance deeper in southern Gaza as hope of ceasefire talks up

Gaza health officials said Israeli military strikes since Monday killed at least 80 Palestinians in the Khan Younis area - adding to a death toll of more than 39,000 in nearly 10 months of warfare

General Motors beats quarterly revenue expectations, raises profit forecast

The Michigan automaker is leaning heavily on its gasoline-engine offerings to fuel its profits through a slower-than-anticipated transition to electric vehicles

Schaeffler India Q1 results: Net profit increases 7% to Rs 253.5 crore

The company posted a PAT of Rs 237.28 crore in the year-ago period, the company said in a regulatory filing

New Delhi rejects Pernod Ricard's liquor licence application: Report

Pernod's brands, including Chivas Regal and Absolut vodka, have not been available in the city since late 2022 after a previous licence application was rejected in April last year

Oil price continues to drop amidst growing ceasefire hope, demand concerns

War in Gaza has lent support to oil prices as investors priced in the risk of potential disruptions to global crude supply in the key producing region of the Middle East, but peace now seems close

Hindustan Unilever Q1 results: Net profit rises 2.7% to Rs 2,538 crore

The company, a unit of UK's Unilever, reported a 2.7% rise in profit to Rs 2,538 crore ($303.23 million) for the quarter ended June 30

Bajaj Finance Q1 results: Net profit increases 14% to Rs 3,912 crore

Bajaj Finance's loan losses and provisions - the money set aside to cover potential defaults - grew nearly 70% to Rs 1,685 crore, well ahead of analysts' estimate of Rs 1,466 crore

SRF Q1FY25 results: Net profit down 30% to Rs 252 cr on weak global demand

The chemicals industry has been grappling with high inventory and destocking for the past few quarters, leading to continuous pressure on volume and margins, according to analysts

Kajaria Ceramics Q1 results: PAT falls to Rs 89.82 cr, misses estimates

The company said its consolidated net profit fell to Rs 89.82 crore ($10.7 million) in the quarter ended June 30 from Rs 108 crore a year ago

US asks Moscow to free jailed Russian-American journalist Alsu Kurmasheva

A court in the southern city of Kazan disclosed on Monday that it had convicted Kurmasheva of spreading false information about the Russian army

India's decision to cut import duty on mobiles, key parts to benefit Apple

Almost 10-12% of the Apple iPhones are imported each year into India and a 5% reduction in tax on the devices will result in a $35-50 million annual benefit to Apple

Pentagon expresses concern at growing China, Russia cooperation in Arctic

China has its eye on mineral resources and new shipping routes as ice packs recede with rising temperatures

SpiceJet to raise $360 mn by selling securities to restore normalcy

The company will issue shares to institutional investors, it said in an exchange filing, without disclosing the price at which they would be sold

As Volkswagen struggles in China. Can EVs help it grow in US market?

By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15 per cent

Aiming to expand in US, India, Nippon to dissolve JV with China's Baoshan

Nippon Steel has been looking to end cooperation with Baoshan, a subsidiary of state-owned China Baowu Steel Group, the world's largest steelmaker for about two years

Swiss bank Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO

Bollinger, who is currently co-head of private wealth management for Europe, Middle East and Africa at Goldman Sachs in London, will join Julius Baer no later than Feb 1, 2025, the Swiss bank said

Budget 2024: Govt keeps infra spend target unchanged at record Rs 11.11 trn

The government has doubled spending on infrastructure over the past three years as a way to boost the economy

Industry discussing trade measures against imports with govt: JSW Steel CEO

JSW Steel continues to look for coking coal assets overseas, including Australia, and Canada, Acharya said

After protests, Bangladesh govt to formally accept ruling on job quotas

The protesters wanted the government to overturn a high court decision last month that reinstated a quota system putting aside nearly 60 per cent of government jobs for certain people