Weak Monsoon and Rupee Slump Strain Agrochemical Sector, Exports Offer Respite
Deficient monsoon rains and a weaker rupee are pressuring India's agrochemical sector, but exports and a nascent demand recovery since July are providing some relief.
Business
Tax Amendment Bill to Benefit REITs, InvITs; SPV Shift to New Regime Seen as Gradual
The 2026 tax amendment benefits REITs and InvITs with tax-free SPV dividends, but infrastructure firms are expected to shift to the new regime gradually.
Indonesia's rubber farmers pivot to palm oil as output slides
Indonesian rubber farmers are switching to palm oil, cutting output and tightening global supply. Tyre makers are adjusting sourcing.
Posco Holdings to Sell $1.4 Billion Stake in Affiliate for Strategic Funds
Posco Holdings will divest 2 trillion won ($1.41 billion) in Posco International shares, using a price return swap to fund strategic investments.
Hungary's July inflation drops to 1.2%, a decade low
Hungary's annual inflation fell to 1.2% in July, its lowest in nearly a decade, supporting expectations of more central bank rate cuts.
Global stocks steady, oil climbs as markets await US jobs data
Global stocks head for best week since May; oil rises on Gulf tensions; US payrolls data could decide Fed's next move.
Rheinmetall Sees ATACMS Revenue From 2028, Boxer Deal Imminent
Rheinmetall forecasts 2028 revenue from ATACMS production with Lockheed Martin and expects a €25 billion Boxer vehicle deal with Germany by year-end.
KKR-backed LEAP India sets Gulf target of 3 million pallets
LEAP India plans to deploy at least 3 million pallets in Gulf countries within 4-5 years, expanding beyond its dominant Indian market.
VW's controlling families push for swift restructuring action
Volkswagen's controlling families back CEO Blume's restructuring plan, warning delays will worsen problems amid cost and competition pressures.
SBI Q1 Net Profit Jumps to ₹21,121 Crore, Beating Street Estimates
SBI's Q1 net profit surged to ₹21,121 crore, surpassing analyst forecasts, aided by lower provisions and better NPA ratios.
Indian Markets Slip as Oil Prices and Middle East Tensions Weigh
Indian shares fell on Thursday as rising oil prices and Middle East concerns pressured financials, while the rupee stayed flat on likely central bank intervention.
European shares edge up on healthcare, but oil and Middle East risks weigh
European stocks rose modestly, led by healthcare, as oil price gains and Middle East tensions tempered broader risk appetite.
Kingspan sets €1.3 billion trading profit goal for 2027, eyes Advnsys expansion
Kingspan targets €1.3bn trading profit by 2027 via organic growth, with Advnsys order book at one year.
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.
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.