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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

Citi breaks banks safety rules, makes liquidity reporting errors: Report

Firm's subsequent reaction to breaches resulted in liquidity reporting inaccuracies, according to the document, which provides a 2023 year-end snapshot of some of Citi's work on regulatory issues

Prestige Estates Projects Q1 results: Net profit falls 12% to Rs 233 cr

The housing market, especially in the premium segment, has seen continued growth in the past few quarters, with higher-end buyers remaining unfazed by inflationary pressures

Redington Q1 results: Net profit down 1% at Rs 246 cr as demands fall

Redington's operations from rest of the world (ROW) segment, which operates in 31 countries, including Rwanda, Oman and Turkey, and contributes nearly 50 per cent to its revenue has been in pressure

JK Lakshmi Cement Q1 results: PAT doubles to Rs 156 cr on lower expenses

India's general elections, and an extreme summer season spanning the April-June period, restricted construction activities and hit sales volumes for cement makers

Crompton Greaves Q1 results: Net profit up at Rs 152 cr on strong demand

Revenue from operations jumped 14 per cent to Rs 2,138 crore, while cost of materials consumed fell to Rs 468 crore

KRBL Q1 results: Net profit falls 55.5% to Rs 8,656 lakh on weak demand

World's biggest rice exporter imposed various curbs on exports in July last year and continued them in 2024 in an effort to keep local prices in check ahead of the general elections held in April-May

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