JSW Steel on Friday posted 64 per cent fall in consolidated net profit to Rs 867 crore for the June quarter. It had reported Rs 2,428 crore net profit in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 43,107 crore from Rs 42,544 crore in the April-June period of preceding 2023-24 fiscal. Its expenses rose to Rs 41,715 crore from Rs 39,030 crore a year ago.
Wipro, India's fourth-largest IT services player, missed quarterly revenue expectations on Friday due to prolonged softness in key geographies such as Europe, and Asia Pacific, India, Middle East and Africa. The company's consolidated revenue fell 3.8% to Rs 21,964 crore ($2.63 billion), below analysts' estimates of Rs 2,259 crore, per LSEG data.
Cybersecurity firm CrowdStrike today stated that an issue that has caused major disruptions to companies worldwide is not a security incident or cyberattack. CrowdStrike CEO George Kurtz posted on social media platform X that the company “is actively working with customers impacted by a defect found in a single content update for Windows hosts.” He said: “This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed.”
UltraTech Cement Ltd today reported a flat growth in consolidated net profit at Rs 1,696.59 crore for the June quarter.
The leading cement maker posted a consolidated net profit of Rs 1,688.45 crore in year-ago period, the Aditya Birla group firm said in a regulatory filing. Its revenue from operations was up 1.87 per cent at Rs 18,069.56 crore during the period. It was at Rs 17,737.10 crore in the corresponding period a year ago.
The Union Public Service Commission (UPSC) in a statement said it has debarred Puja Khedkar from future attempts.
A glitch has affected millions of Windows computer systems worldwide, leading to a sudden shutdown or restart. Microsoft Inc. stated that the error is due to a recent CrowdStrike update. Microsoft's Service Health Status updates stated that the preliminary root cause is "a configuration change in a portion of our Azure backend workloads (that has) caused interruption between storage and compute resources, and which (has) resulted in connectivity failures."
Days ahead of the presentation of the Union Budget, RBI Governor Shaktikanta Das on Friday stated that some lenders have fixed high ceilings on unsecured loans despite having high exposures and advised prudence. Speaking at an event organised by Financial Express, the bureaucrat-turned-central banker said nobody has expected him to be a "cheerleader" for the government during his term.
An earthquake of magnitude 7.3 on the Richter scale struck Antofagasta in Chile on Thursday, the United States Geological Survey said. No tsunami warning has been issued so far, news agency AFP reported. The epicentre of the tremor was located 265 km east of the coastal city of Antofagasta, at a depth of 126 km. Chile is situated in the “Ring of Fire” in the Pacific and experiences frequent earthquakes.
In his speech to accept the nomination to be the Republican presidential candidate on Thursday, Donald Trump stated that it is time to start expecting and demanding the best leadership in the world, leadership that is bold, dynamic, relentless, and fearless. “Tonight, I ask for your partnership, for your support, and I am humbly asking for your vote. Every day, I will strive to honour the trust you have placed in me, and I will never let you down," Trump said, nearly a week after he survived an attempt on his life.
"To all of the forgotten men and women who have been neglected, abandoned, and left behind, you will be forgotten no longer. We will press forward, and together, we will win, win, win," he said.
US President Joe Biden is expected to make a major announcement on his re-election bid, with several senior Democratic leaders suggesting that he leave the race following his disastrous debate performance, a failed assassination attempt on his rival Donald Trump, his poor health, and falling poll numbers, according to media reports.“Several people close to President Biden said on Thursday that they believe he has begun to accept the idea that he may not be able to win in November and may have to drop out of the race, bowing to the growing demands of many anxious members of his party,” The New York Times reported.
 "Highlights: Piyush Goyal likely to attend Brics trade ministers' meeting in Moscow on July 26")
