Jefferies turns bullish on India as credit growth, capital inflows accelerate
Jefferies sees brighter India outlook on fastest bank credit growth in a decade, returning foreign inflows, and RBI measures supporting the rupee.
Business
Volkswagen's controlling families push for urgent cost cuts
Volkswagen's controlling families urge immediate action on costs and capacity as profits decline.
Kingspan posts 10% profit rise, halts buybacks to fund growth
Kingspan H1 trading profit up 10% to €487.2m; dividend raised to 27.1c; €650m buyback paused for dry powder.
Lanxess Q2 profit beats estimates on Middle East disruptions
Lanxess beat Q2 profit forecasts, aided by Middle East conflict-driven demand, but warns of no sustained recovery in core markets.
Japan's 2-Year Bond Yield Hits 31-Year High on Rate-Hike Bets
Japan's 2-year JGB yield rose to a 31-year high as traders bet on an early BOJ rate hike after yen weakness.
Singapore banks lift STI to five-month high as Asian markets wobble
Singapore's benchmark index rose 1.1% on banking strength, even as most Asian markets slipped on crude price concerns and geopolitical risks.
DNO makes 69p-per-share takeover approach for Genel Energy
Norway's DNO has approached Genel Energy's board with a 69p-per-share takeover proposal, confirming a potential acquisition of the British oil firm.
CSG posts stronger-than-expected half-year revenue on ammunition boom
CSG beat half-year revenue forecasts at €3.3 billion, lifted by ammunition demand and land systems growth; backlog hit €46 billion.
Nielsen Buys DoubleVerify, easyJet Accepts Apollo Bid, and More Business Updates
Nielsen acquires DoubleVerify for $2.15B; easyJet accepts Apollo's $7.68B bid; ConocoPhillips and Suncor announce CEO changes; FAA orders 737 Max inspections; Meta fined $900M.
Drone Strikes on Wildberries Disrupt Russia's E-Commerce Backbone
Ukrainian drone attacks on Wildberries warehouses have damaged over a fifth of capacity, hurting small businesses and prompting economic concerns in Russia.
KOSPI rout sends Korean 'ants' back to Wall Street
South Korean retail investors are shifting back to US stocks after the KOSPI's worst month since 2008, reversing a brief homecoming trend.
RBI's NRI Deposit Scheme Draws $41B; Jefferies Sees Inflows Doubling to $100B
RBI's FCNR(B) scheme has attracted $41B so far; Jefferies expects $80-100B by September 30, aiding rupee stability.
India readies production-linked incentives for polysilicon to cut China reliance
India plans a production-linked incentive scheme for polysilicon to reduce import dependence and build an integrated solar manufacturing ecosystem.
Eutelsat Posts Narrower Loss, Sees Strong LEO Growth Ahead
Eutelsat's FY revenue rose to €1.24B, beating estimates; adjusted EBITDA hit €632M. LEO revenue expected to grow over 30% in FY 2026-27.
KOSPI heads for seventh weekly loss as AI trade wobbles
South Korea's KOSPI is set for a seventh straight weekly decline, its longest losing streak since 2022, as AI-linked chip stocks remain volatile and foreigners keep selling.
NSE proposes stricter rules for Authorised Persons, greater broker accountability
NSE proposes stricter rules for Authorised Persons, including higher net worth, biometric checks, and greater broker accountability.
Mumbai Luxury Home Sales Hit Record Rs 18,512 Crore in H1 2026
Mumbai's luxury housing market saw record sales of Rs 18,512 crore in H1 2026, with 957 units sold, though growth is likely to moderate.
Monte dei Paschi posts strong quarterly profit as Intesa bid looms
MPS beat Q2 profit forecasts and is studying alternatives to Intesa Sanpaolo's €36 billion takeover bid.
CSG H1 Revenue Beats Consensus, Operating Margin at 24.1%
CSG NV reported H1 revenue of €3.3B, beating consensus, with operating EBIT at €784M and a 24.1% margin.
Eutelsat projects modest revenue uptick for 2027 as OneWeb gains traction
Eutelsat forecasts slight revenue growth in 2027, driven by over 30% growth in its OneWeb LEO business, as it positions itself as a European alternative to Starlink.