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McDonald's India franchisee Westlife's profit misses as costs mount

The franchisee said consolidated net profit after tax rose 22% to 288.3 million rupees ($3.52 million) for the April-June quarter, missing Refinitiv IBES estimates of 321 million rupees

Harley-Davidson quarterly profit skids, outlook revised on production halt

Net profit fell to $178 million, or $1.22 per share, in the quarter, from $215.9 million, or $1.46 per share, a year earlier

Blue Dart Express reports over 48.4% decline in Q1 profit to Rs 62.81 cr

Aviation turbine fuel, which accounts for about 40% of operating costs for express logistics companies, corrected sequentially during the June-quarter

Top shareholders of drugmaker Cipla looking to sell stake: Report

The company has hired an investment bank to advise on the deal, the report said

McDonald's India franchisee Westlife's profit misses as costs mount

The franchisee for the US fast-food chain said consolidated net profit after tax rose to 288.3 million rupees ($3.52 million) for the quarter through June from Rs 23.58 crore a year earlier

BPCL still in talks with Rosneft for Russian oil deal, discounts narrow

Reuters last month reported that BPCL is in talks to buy up to 6 million metric tons of Russian oil under a term deal with Rosneft

India's attempt to privatise part of space programme, finds 20 bidders

India's Small Satellite Launch Vehicle (SSLV) was developed by the Indian Space Research Organisation, the national space agency, and had its first successful satellite launch in February

President Bazoum's government has been removed, say Niger soldiers

Abdramane said Niger's borders are closed, a nationwide curfew declared, and all institutions of the republic are suspended

Obscure traders ship half of Russia's oil to India, China after sanctions

The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong, according two trading sources

Foxconn unit in talks for $200 mn components plant in Tamil Nadu: Reports

Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments in the state

Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase

Hyundai, Rolls-Royce profit increases; LVMH sales fail to impress

Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business

Hilton beats Wall Street Q2 estimates on rebounding travel demand

The company's revenue per available room, or RevPAR, an important metric in the hospitality industry, rose about 12% in the quarter from a year earlier

FTC readies antitrust lawsuit against Amazon that could break up company

The wide-ranging lawsuit is expected as soon as August and will likely challenge a host of Amazon's business practices, the report said

Microsoft lays out spending plan to meet artificial intelligence demand

Wall Street is looking at how generative AI services may benefit Microsoft, which secured an early lead with investments in OpenAI, owner of the popular ChatGPT service

Google search engine emerges unfazed from Microsoft's Bing challenge

The world's fourth most valuable firm was set to add more than $100 billion to its market capitalisation, based on premarket movements

Centre proposes to sell upto 5.36% from its 78.2% stake in Rail Vikas Nigam

The Indian government will sell a stake of up to 5.36% in state-owned Rail Vikas Nigam this week, in a deal that could fetch 13.3 billion rupees ($162.12 million), an exchange filing showed

Dollar slips before Fed decision, euro rises on ECB rate hike bets

The dollar index, a measure of the US currency against six major peers, fell 0.109% but was close to an almost two-week high touched on Tuesday

BRICS' NBD not considering new projects in Russia, says bank head

The New Development Bank (NDB), the multilateral bank set up by the BRICS states, is not considering new projects in Russia

Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million

Multiple block deals were seen in RBL Bank on Wednesday and the stock ended up 7.1%