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Majority of retail distributors resume ops in Bangladesh, says Marico

The 'Parachute' hair oil maker gets 44 per cent of its international revenues from the country, where it has a distribution network of more than 770,000 outlets

Welspun Q1 results: PAT up 50% at Rs 248 cr as strong exports boost margins

Welspun's fortunes have gotten a boost from not only the growing demand for fuel in India but also from key export markets of the US and Middle East

SoftBank to buyback $3.4 bn worth shares amid pressure from investors

It unveiled a plan to buy back up to 6.8 per cent of shares over the next 12 months, taking some of the sting out of an unexpected net loss for April-June

China's commodity imports show economy struggling for momentum: Report

China, world's biggest importer of crude, has seen arrivals slump this year, with imports of 10.90 mn bpd in first seven months of year, down 2.9 per cent from 11.22 mn bpd over same period in 2023

Global Payments beats Q2 profit estimates as consumers spending resilient

Despite recent economic data fueling recession fears, American consumers have remained resilient in face of higher-for-longer interest rates

Pidilite Industries Q1FY25 results: Net profit rises 21% to Rs 567 cr

During the April-June quarter, India witnessed a booming manufacturing sector activity as output increased on robust demand

Godrej Consumer Products Q1FY25 results: Net profit rises 41% to Rs 451 cr

Branded consumer goods makers have reduced prices to compete with smaller rivals that offer cheaper alternatives, which has negatively impacted top-line growth

Indian steel prices plunge to lowest level in over three years: BigMint

Increased imports from China and Vietnam into India, alongside Chinese supply in overseas markets, have made Indian exports uncompetitive in many regions, putting downward pressure on domestic prices

Honda posts 23% Q1 profit jump, aided by sales of hybrid vehicle

The company maintained its full-year operating profit forecast of 1.42 trillion yen, while slashing its sales outlook for China by 220,000 vehicles for that period

Maersk expects container demand growth to slow, raises investment chances

The company's fleet, which includes a significant number of chartered vessels, consists of more than 700 container ships, Maersk has said

Tech investor SoftBank buys back $3.4 billion shares to bolster stock price

SoftBank said that over the next year it would buy back up to 6.8% of its own shares, worth as much as 500 billion yen

July inflation dipped below RBI's target, high base effect at play: Poll

The Aug. 2-7 poll of 36 economists forecast the consumer price index rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June

Sony posts 10% profit rise on image sensor boost in April-June quarter

A sprawling group encompassing music, movies, games and chips, Sony hiked its full-year profit forecast by 3% aided by foreign exchange rates

Novo Nordisk pares 2024 profit outlook amid competition from Eli Lilly

The Danish company lowered its forecast for operating profit growth this year to between 20% and 28% in local currencies, compared to its previous forecast of 22% to 30%

FPI buying in Indian IT rises to highest since 2022 in July, shows data

Prior to this, the IT sector was divided into software, services and hardware technology

Singapore bank DBS flags heightened uncertainty, Q2 profit beats forecasts

DBS' results rounded up a strong second-quarter earnings season for Singapore banks, as more inflows and trading by wealthy clients ahead of anticipated rate cuts boost their wealth businesses

Ukraine keeps up air attacks on Kursk, 4 drones destroyed, says Russia

The region was under a dozen air raid alerts over the past 24 hours, Smirnov's posts showed. By Wednesday morning, there were no reports of fresh ground fighting

China's export growth slows to 3-month low in July, but imports up solidly

Outbound shipments climbed 7.0 per cent in July from the year earlier, a slower pace of growth than June's 8.6 per cent rise and missing forecasts of a 9.7 per cent increase

RBI asks top banks to refrain from large trading bets against rupee

The Indian rupee turned into the worst-performing Asian currency over the last month, pressured by the unwinding of trades that used the Chinese yuan to fund long bets on the local currency

Mexico invites Putin to Oct 1 presidential inauguration of Sheinbaum

The International Criminal Court (ICC) issued an arrest warrant against Putin in 2023, accusing him of the war crime of illegally deporting hundreds of children from Ukraine