Godrej Consumer Q1 Profit Up 11.5% on Robust Volume Growth
Godrej Consumer Products reported an 11.5% rise in Q1 profit, driven by strong volume growth and steady demand across key markets.
Business
India on track to beat divestment target as LIC, IDBI sales boost coffers
India's asset sales have crossed $5.5 billion, with an IDBI Bank deal likely to add more, easing fiscal pressure from higher subsidies.
SK Hynix greenlights $24.86 billion for Yongin and Cheongju chip plants
SK Hynix's board approved 35.2 trillion won for Yongin's second phase and 19.1 trillion won for Cheongju's M17 plant, with construction through 2031.
AI capex shifts Wall Street focus from EPS to cash flow
AI-driven capital spending is pushing investors to prioritize free cash flow over EPS, reshaping earnings season.
Air India to Restore Most Curtailed Flights From September 1
Air India will restore most services curtailed in July-August due to fuel prices, effective September 1, and add winter frequencies to several international destinations.
US envoy, industry leaders push forward on critical minerals, space ties
US Ambassador Sergio Gor met industry leaders and officials to advance US-India cooperation in manufacturing, space, and critical minerals recycling.
SECI Aims to File IPO Draft Prospectus in 2026, Says MD
Solar Energy Corporation of India's MD says the company hopes to file its IPO draft prospectus in 2026.
Goodwin weighs sale of defence-linked engineering units
Goodwin is exploring a possible sale of parts of its Mechanical Engineering division, including defence operations, as part of a strategic review.
ATIDI targets $2 billion capital to scale up Africa infrastructure guarantees
ATIDI plans to double its capital to $2 billion in two years, boosting infrastructure guarantee volumes across Africa.
Global equity funds see 11th week of inflows on earnings optimism
Global equity funds attracted $21.15 billion in net inflows for the 11th straight week, driven by strong earnings and cooling crude prices.
Trent shares slide as Q1 revenue growth fails to reassure investors
Trent's shares fell after Q1 results showed revenue growth below expectations, with like-for-like sales remaining in low single digits.
KOSPI logs 7th straight weekly fall as AI trade wobbles
KOSPI falls 0.6% Friday, capping a 5% weekly drop — the longest losing streak since Dec 2022 — as AI-chip worries and foreign selling persist.
European Blue-Chip Earnings Growth Hits Two-Year High
STOXX 600 Q2 earnings growth is projected at 22.4%, the fastest since 2022, led by energy and basic materials.
Kingspan lifts profit outlook as data centre demand surges
Kingspan raises full-year profit guidance by 18% to €1.13bn, citing strong data centre demand and record revenue prospects.
Asian shares mixed as oil rebounds, AI selloff eases
Asian shares were mixed on Friday as oil prices rebounded and the AI-driven selloff in tech stocks showed signs of easing.
Fuel Costs and Shortages Disrupt Palm Harvests in Southeast Asia
Rising diesel prices and shortages in Malaysia and Indonesia are forcing palm oil smallholders to reduce harvest rounds, threatening yields.
CEA urges proactive AI safeguards in financial sector, warns against exclusion
Chief Economic Adviser V. Anantha Nageswaran calls for proactive AI safety measures in finance, warning against exclusion and stressing human oversight.
FTSE 100 Set for Flat Open as Genel Rejects DNO Bid
UK shares seen flat; Genel rejects DNO's £202m offer, JD Sports names new chair, and Pharos gets a higher bid.
Ratio Petroleum sweetens Pharos Energy offer, outbids Serica
Ratio Petroleum raises takeover bid for Pharos Energy to £146.4 million, outbidding Serica Energy and regaining board recommendation.
CATL's Jianxiawo lithium mine still awaits green nod, state media says
CATL's Jianxiawo lithium mine in Jiangxi remains closed pending environmental approval, with no ore transport or crushing underway, state media reported.