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Hero MotoCorp faces tax probe over links to vendor Salt Experiences

A spokesperson for Hero MotoCorp said the company would issue a statement on the matter soon. Salt could not be reached for comment

Rajya Sabha passes data protection law amid surveillance concerns

The new legislation comes after India withdrew a 2019 privacy bill that had alarmed tech companies like Facebook and Google with its proposals for stringent restrictions on cross-border data flows

Bata India posts first profit drop in two years on sluggish demand

Bata has lagged its peers due to a slow pace of innovation and ebbing brand pull, while its lower-price products have grown at a slower pace, brokerage Ambit Capital had said in a note in May

Tata Capital plans to raise Rs 2,800 cr via debt in FY24: Official

"If credit is expected to grow at around 15%, we will try to grow our AUM (assets under management) by more than 25%. Our liabilities will have to match that"

Abbott India posts 41% rise in Q1 profit at Rs 29 crore on strong sales

The company has reported a double-digit growth in its revenue for the past three quarters, led by falling operating expenses and steady sales

Force Motors posts Q1 profit on strong demand boosted by rise in demand

Revenue rose 53.2% to Rs 148.8 cr

India equity MF inflows drop in July as large-caps drag: Industry data

While the benchmark Nifty 50 rose 2.94% in July, it was outpaced by a 5.5% gain in the Nifty mid-cap 100 and an 8% increase in the Nifty small-cap 100. All three indexes hit record highs that month

India to offer 5 million tons wheat to bulk consumers to cool prices

The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise prices, Food Secretary Sanjeev Chopra said

RBI may tighten cash conditions, but it's unlikely to hike CRR: Traders

The banking system liquidity surplus has averaged around Rs 2.5 trillion ($30.19 billion) in August, up from Rs 1.6 trillion in July

Kalyan Jewellers logs 33% surge in profit for Q1 on seasonal demand

Kalyan Jewellers India reported on Wednesday a 33% surge in its first-quarter profit, underpinned by premium pricing and improved demand during the festive season

India's July inflation likely breached RBI's 6% upper tolerance level: Poll

The Aug. 3-8 Reuters poll of 53 economists predicted the consumer price index (CPI) rose at an annual rate of 6.40 per cent in July

Cannot confirm leakage: Japan as report of Chinese hacking surfaces

Japan's slow response to improve its cyber network could impede greater intelligence sharing between the Pentagon and Japan's Defence Ministry, the Washington Post said

US trade deficit shrinks sharply as imports hit more than 1-1/2 year low

Imports drop 1.0%, goods imports decline 1.2%; exports dip 0.1%, goods exports decrease 0.1%

SoftBank Group logs surprise loss but Vision Fund unit returns to profit

Overall, SoftBank reported a third consecutive quarterly loss, hit by declines in valuations for major investments such Alibaba Group, Deutsche Telekom, and T-Mobile US

Apple, Samsung to invest in SoftBank's Arm at IPO in Sept: Report

Arm plans to sell the chipmakers stakes of "a few percent each", the report said

Govt broadens access to 'vostro' accounts to facilitate rupee trade

India has allowed banks in 22 partner countries, including Russia and UK, to open "vostro" accounts in the country, the government told parliament on Tuesday, to help facilitate trade in rupees

Norway fines Meta Platforms $97,700/per day to stop privacy breach

Meta Platforms is asking for a temporary injunction against the order, according to a court filing. Its petition will be presented on Aug 22 during a two-day hearing

Wheat prices jump to 6-month high on robust demand, limited supply

The government should release stocks from its warehouses into the open market to avoid potential shortages during the festive season, said a Mumbai-based dealer associated with a global trade house

Brigade Enterprises Q1 profit falls 56% as real estate sales drag

Real estate consulting firm Anarock said in July factors like inflation, any potential rise in interest rates and corporate layoffs could weigh on growth in the next two quarters

Oil India's Q1 profit rises marginally as lower costs outweigh rev drop

Oil India's profit fell nearly 10% from last quarter after the government slashed gas prices in April