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Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

Blackstone Q2 results: Earnings rose 3% on private equity, credit gains

The New York-based investment firm's results underscore how a long spell of high interest rates has dragged down some aspects of its business while buoying others

OpenAI unveils cheap, less energy-intensive small AI model GPT-4o mini

Priced at 15 cents per million input tokens and 60 cents per million output tokens, the GPT-4o mini is more than 60per cent cheaper than GPT-3.5 Turbo, OpenAI said

Trump running mate JD Vance vows to fight for 'forgotten' workers

Vance has opposed military aid for Ukraine and defended Trump's attempts to overturn his 2020 election loss to Biden

Domino's Pizza posts quarterly sales miss amid muted fast-food demand

Domino's U.S. same-store sales growth of 4.8 per cent in the quarter fell just short of expectations of 4.91 per cent growth, according to LSEG data

US weekly jobless claims jump amid seasonal volatility, loose labour market

A loosening labour market and ebbing inflation position the Federal Reserve to cut interest rates in September, with financial markets anticipating additional cuts in November and December

L&T Technology Q1 result: Revenue up 7% at Rs 2,462 cr, misses expectations

Revenue in its Indian and European segments rose 12.2 per cent and 23.7 per cent, respectively

ECB keeps interest rates unchanged, offers no guidance on next move

ECB came out with a balanced message following Thursday's meeting, arguing that corporate profits were absorbing some price pressures but risks remained

Revival in rural spending pushing demand conditions: RBI bulletin

India's natural rate of interest now at 1.4%-1.9%, says RBI bulletin

JSW Infrastructure Q1 results: Net profit fall 9% on higher expenses

Its consolidated net profit fell to Rs 292 crore (about $35 million) in the quarter ended June 30 from Rs 321 crore in the year-ago period

Tata Technologies Q1 result: Profit falls 15% on declining services revenue

Tata Technologies' profit fell 27% in the quarter ended March 31 due to similar reasons

Tata Communications Q1FY25 results: Revenue rises 18% to Rs 5,633 cr

Revenue from the data services business, which contributes more than 80 per cent to the total, climbed 20 per cent, on the back of a 52 per cent growth in its digital portfolio

'Hit by client exits PwC asks China partners to take pay cut up to 50%'

Chinese authorities have been probing PwC's role in auditing China Evergrande Group after the securities regulator accused the troubled property developer in March of a $78-billion fraud

Renault's first-half sales rises on strong demand for hybrids in Europe

The company sold 1,154,700 vehicles globally compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe

UK wage growth slows but remains high for Bank of England to curb inflation

The Office for National Statistics also said on Thursday it was delaying the switch to a new version of its Labour Force Survey which had been due to take place in September

Truckmaker Volvo beats profit expectations but says demand is easing

Volvo said profit margins were squeezed by lower sales volumes and increased investment in research and development

Govt plans to ease rice export curbs as stocks surge to record level

New Delhi is expected to lower the basmati rice's minimum export price (MEP) to $800-$850 a metric ton, down from $950 a ton, to boost shipments

Chinese EV giant BYD sets sights on aggressive expansion in Vietnam

Vietnam's government said last year BYD had decided to build a factory to manufacture electric cars in the north of the country but those plans have slowed

Govt bond yields flat before debt sale; budget remains a key driver

The benchmark 10-year yield was at 6.9649 per cent as of 10:00 a.m. IST after closing at 6.9632 per cent in the previous session

How 'islands of energy' could help Israel build wartime resilience

Israel's energy transition plan has been in the works for years but took on greater urgency when war broke out on several fronts