Page 370 - Reuters

New Boeing CEO Kelly Ortberg faces big overhaul, from factories to finances

His extensive to-do list includes mending relationships with airlines and employees, boosting output, repairing company finances and securing a labor deal to avoid a possible worker strike

Adani Enterprises Q1 results: Net profit rises 116% to Rs 1,455 cr

Consolidated net profit rose to Rs 1,455 crore for quarter ended June 30, from Rs 674 crore a year ago, the company, which is the flagship firm of the Adani Group, said in an exchange filing

Adani Ports registers 47% jump in Q1 profit on strong cargo volumes

Shares of the Adani Group company were up 1.2% after the results, while the broader benchmark Nifty 50 gained 0.2%

Steelmaker ArcelorMittal's Q2 core earnings slide but ahead of expectations

Steel prices in Europe and the US are below the marginal cost of production and excess output from China has resulted in very low domestic steel spreads and aggressive exports

Shell beats forecasts with $6.3 bn Q2 profit, but shares down by 0.5%

The results were lifted by strong performances in the oil and gas production and retail marketing businesses and the profit was nearly 25 per cent higher than the same time a year ago

Toyota's profit increases 17% to $8.70 bn in Q1 but shares tumble

Toyota has been on a record profit run that has boosted its share price. But its outlook has been complicated by a tough market in China

Small Indian banks back online after ransomware attack, says NPCI

India has about 1,500 cooperative and rural regional banks, which largely serve customers in hinterland areas, one-fifth of which were affected by the attack

Amazon set to join Google, Microsoft's spending surge as AI race heats up

The e-commerce giant's capital investments - mostly for building cloud and generative AI infrastructure - is expected to have risen 43 per cent in the second quarter to $16.41 billion

Volkswagen doubles down on cost cuts to try to revive profit margins

The German group is further reducing production capacity, cutting costs and changing software spending following its investment in electric vehicle maker Rivian

After $4 bn GST notice to Infosys, other IT cos may also get under scanner

In serving its highest-ever tax demand on Infosys, the government accused India's second-largest tech services company of evading taxes and sought Rs 32,000 crore

Godrej Agrovet Q1 results: PAT up 28.3% at Rs 135 cr, total revenue falls

Godrej Agrovet's total revenue from operations fell 6.4 per cent to Rs 2,351 crore while total expenses fell nearly 8 per cent, led by a fall in the cost of materials consumed

Fox, Disney, Warner Bros's sports-streaming JV priced at $42.99 per month

The companies announced the service in February to woo younger viewers who are not tuned in to cable TV by bundling their broad portfolio of sports rights

Weekly unemployment claims rise to 11-month high of 249,000: US labour dept

Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 249,000 for the week ended July 27, the highest level since August last year

RBI's tighter liquidity norms credit positive for banks, says Moody's

The central bank released a set of preliminary guidelines last month, including suggesting that banks will be required to allocate an additional 5 per cent reduction in the stability of retail deposit

Bank of England cuts interest rates from 16-year high as inflation eases

Thursday's decision was in line with the forecast in a Reuters poll of economists but financial markets had only seen just over a 60 per cent chance of a cut

Thomson Reuters reports 6% rise in revenue, plans to deploy AI aggressively

The company now forecasts full year revenue to hit the high end of projections or a rise of about 7 per cent

Orient Electric Q1 results: Profit down 27% to Rs 14.34 cr on high expenses

Orient Electric, which also sells mixer-grinders and switchgears, said profit decreased to Rs 14.34 crore ($1.7 million) in the quarter, from Rs 19.69 crore a year earlier

Factories across Europe, Asia struggled in July as demand waned, shows PMIs

It was a broadbased downturn in the euro zone while a slump in China's manufacturing activity suppressed its Asian neighbours

Zomato Q1 results: Net profit up at Rs 253 crore as Blinkit serves growth

Zomato's revenue surged 74 per cent to Rs 4,206 crore in the quarter, beating analysts' estimates of Rs 3,928 crore, per LSEG data

Oil prices rise during trade on risk of broadening Middle East conflict

Global benchmark Brent crude futures rose 71 cents, or 0.9 per cent, to $81.55 a barrel by 0605 GMT