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Business
Cost Pressures Impact Carmakers: Strong Sales Amid Declining Profits
NEW DELHI: Indian car manufacturers are experiencing a surge in vehicle sales, yet this increase is not translating into higher profits. Rising commodity prices, unfavorable currency fluctuations, and production disruptions…
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Business
Nifty 500 Companies Report 13% Earnings Increase in Q1, OMCs Impacted by West Asia Developments
MUMBAI: The top 500 companies in India reported a 13% increase in earnings for the April-June quarter of FY27 compared to the same period last year. Excluding oil marketing companies,…
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Business
HSBC Warns of Negative Cycle Triggered by Currency Weakness
MUMBAI: HSBC has reported a significant increase in its Indian operations, doubling pre-tax profits over the past four years. The bank, which has been present in India since 1853, is…
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Business
India Poised to Overtake China in Affluent Consumer Base by 2036, According to Report
BENGALURU: India is set to have 10.8 crore affluent consumers by 2036, surpassing China’s projected 10.3 crore, according to a report by NielsenIQ (NIQ) and World Data Lab. The report…
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Business
Oil Prices Decline as US Considers ‘D-Day’ Iran Sanctions; Focus on Strait of Hormuz Shipping Risks
Oil prices dropped over $1 per barrel on Monday as investors took profits ahead of an anticipated announcement from the U.S. regarding new sanctions against Iran. Brent crude fell by…
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Business
KPMG Australia Plans 5% Workforce Reduction in Response to Scandal and Dismal Growth Projections
KPMG Australia is set to reduce its workforce by approximately 5% as the firm grapples with the repercussions of a scandal involving confidential client information and a challenging economic outlook.…
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Business
Supreme Court Upholds Son’s Eviction of 81-Year-Old Mother Under Senior Citizens Act
The Supreme Court of India has affirmed that tribunals established under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, possess the authority to order the eviction of…
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Business
US Imposes Toughest Sanctions on Iran, Urges China to Assist in Reopening Hormuz
The United States is set to implement what Treasury Secretary Scott Bessent has termed the “toughest sanctions in history” against Iran. This initiative aims to increase economic pressure on Tehran…
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Business
Middle East Oil Supply: Assessing Crude Flow Through the Strait of Hormuz
The ongoing US-Iran conflict has significantly impacted oil flows through the Strait of Hormuz, raising questions about the actual volume of crude oil moving through this critical passage. While market…
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Business
Ozempic’s Impact on the Emerging Beauty Market: Lip Plumpers, Collagen, and More
Weight-loss medications like Ozempic are significantly impacting the beauty industry, prompting companies to adapt to the evolving needs of consumers. As the popularity of GLP-1 drugs, including Ozempic and Mounjaro,…
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Business
Upcoming Changes to SIM Card Regulations in 2026: Key Updates Effective August 24 and Connection Limits
The Indian government has mandated telecom service providers to enforce a strict limit on mobile connections, capping the number at nine per individual. This directive, effective from August 24, requires…
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Business
Rupee Strengthens Further, Opening 9 Paise Higher Against the US Dollar
Rupee strengthened against the US dollar on Friday, gaining 9 paise to reach 95.65. This rise comes as the dollar weakened in overseas markets. However, the rupee’s recovery is limited…
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Business
Indian Railways Targets 35 Hydrogen Trains, Exploring Cost-Effective Green Fuel Options
Within a month of launching its first hydrogen-powered train, Indian Railways is actively seeking more affordable green hydrogen options to enhance its operations. The initiative aims to expand the pool…
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Business
India’s $1.2 Billion Investment in Domestic Tunnel Boring Machines and Construction Equipment
India is poised to approve a $1.2 billion incentive scheme aimed at boosting the domestic manufacturing of high-value construction and infrastructure equipment. This initiative seeks to reduce the country’s reliance…
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Business
SBI Updates Cash Withdrawal Rules Effective October 1: Rs 15 Fee Imposed After Four Free Transactions
From October 1, State Bank of India (SBI) will implement a new fee structure for cash withdrawals from Basic Savings Bank Deposit (BSBD) accounts. Customers will incur a charge of…
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