Business

Representative image (IANS photo) India’s corporate earnings season for the April-June quarter, underway since last week, gathers pace through July, with Reliance Industries reporting on Friday and HDFC Bank, ICICI Bank and Kotak Mahindra Bank following on Saturday.Results so far show a mixed pattern. Profits have grown consistently, but some companies have missed analyst estimates.Corporate…

Cyberattack hits Japan’s ice cream giant Glico after KFC, disrupts sushi and supermarket deliveries (Image/X) A cyberattack on one of Japan’s largest refrigerated warehouse operators has disrupted the supply of ice cream, fast food and supermarket products across the country, affecting companies including Ezaki Glico, KFC Japan and Kura Sushi.Ezaki Glico, the maker of popular…

India’s first hydrogen-powered train is ready for launch! Marking a major milestone for Indian Railways, the country’s first hydrogen will be flagged off by Prime Minister Narendra Modi on July 17. This is the first time that India is introducing a train that produces its own electricity onboard using hydrogen, which is widely regarded as…

ITC Hotels MD Anil Chadha NEW DELHI: ITC Hotels’ Thursday reported a 14.8% increase in consolidated revenue at Rs 936 crore this April-June, compared to Rs 816 crore in same period last fiscal. And the hospitality major’s profit rose 36% to Rs 180 crore, up from Rs 133 crore last Q1. The company’s share closed…

NEW DELHI: India is aiming to get 10 crore foreign tourist arrivals (FTAs) by 2047, which will contribute 10% to the country’s theme expected GDP of $30 trillion. This is the aim set by Federation of Associations in Indian Tourism and Hospitality (FAITH), the apex policy body of India’s tourism sector. FAITH chairman Puneet Chhatwal…

During FY2025-26, India’s imports from China reached nearly $132 billion. (PTI photo) Aiming to reduce dependence on imports and overseas supplies, India is looking to give a fresh push to its domestic manufacturing plans. The government is preparing to strengthen domestic manufacturing for products which currently account for imports worth $51 billion, according to sources…

US stocks today: Shares of computer chip manufacturers and other companies that have benefited from the artificial intelligence boom came under renewed selling pressure on Thursday, dragging equity markets lower across the world. At the same time, oil prices continued to move higher amid the ongoing conflict with Iran.The S&P 500 declined 0.4%, a day…

Experts note that the lack of adequate skills is not altogether the problem – it’s the job market. H-1B visa holders returning to India due to layoffs or uncertainties pertaining to the Donald Trump administration’s immigration policies and tighter visa guidelines are facing a harsh reality – jobs back home are not readily available.US technology…

The bigger strategic shift lies in the agreement’s architecture. (AI image) By Agneshwar Sen, Trade Policy Leader, EY IndiaTrade agreements are usually sold through arithmetic: how many tariff lines fall, how much trade may rise, which sector wins and which sector complains. The India-UK Comprehensive Economic and Trade Agreement (CETA), along with the Double Contribution…

NEW DELHI: The use of new technology is helping the Employees’ Provident Fund Organisation (EPFO) settle claims faster apart from clearing backlog and depositing interest income into subscriber accounts quickly.The latest version of Centralised IT Enabled Services (CITES), which went live July 3, as well as the revamped rules, have resulted in auto-processing of 83%…