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BUSINESS

Sensex, Nifty snap 4-day winning run ahead of RBI policy
BUSINESS

Sensex, Nifty snap 4-day winning run ahead of RBI policy

Mumbai, Aug 4 — Benchmark equity indices ended lower on Tuesday, snapping their four-session winning streak, as investors turned cautious ahead of the Reserve Bank of India's monetary policy decision due on Wednesday. Weakness in banking, financial and IT stocks weighed on market sentiment. The…

Lok Sabha approves Appropriation Bill amid Opposition din
BUSINESS

Lok Sabha approves Appropriation Bill amid Opposition din

New Delhi, Aug 4 — The Appropriation (No. 3) Bill, 2026, which seeks to authorise expenditure from the Consolidated Fund of India towards excess spending incurred during the financial year ended on March 31, 2023, was passed in the Lok Sabha on Tuesday by a voice vote, amid protests from the…

Chinese citizens left in lurch amid crash in home prices: Report
WORLD

Chinese citizens left in lurch amid crash in home prices: Report

New Delhi, Aug 4 — China’s leadership appears to be ignoring the crash in the country’s real estate market which has eroded the wealth of the ordinary citizens. This was quite evident as China’s President Xi Jinping during a recent visit to Shanghai did not even mention the bust in the property…

Emami Q1 net profit falls 16 pc to Rs 137 crore
BUSINESS

Emami Q1 net profit falls 16 pc to Rs 137 crore

Mumbai, Aug 4 — FMCG major Emami Limited on Tuesday reported a 16.38 per cent year-on-year (YoY) decline in net profit for the quarter ended June 2026 (Q1 FY27).The Kolkata-based FMCG company posted a net profit of Rs 137.3 crore for the quarter, compared with Rs 164.2 crore in the corresponding…

Symphony Q1 net profit slips 5 pc to Rs 40 crore
BUSINESS

Symphony Q1 net profit slips 5 pc to Rs 40 crore

Mumbai, Aug 4 — Air cooler maker Symphony Limited on Tuesday reported a 5 per cent year-on-year (YoY) decline in net profit for the quarter ended June 2026 (Q1 FY27).The company's profit after tax stood at Rs 40 crore, compared with Rs 42 crore in the corresponding quarter last financial year (Q1…

170 companies approved under PLI scheme for textiles
BUSINESS

170 companies approved under PLI scheme for textiles

New Delhi, Aug 4 — A total of 170 companies have been approved for participation under the PLI scheme for textiles, the government said on Tuesday.Further, 225 products have been notified in MMF Apparel, MMF Fabrics and Technical Textiles segments in the scheme, said Minister of State for Textiles…

RBI likely to maintain status quo on interest rates
BUSINESS

RBI likely to maintain status quo on interest rates

Mumbai, Aug 4 — The Reserve Bank of India (RBI) is expected to leave key interest rates untouched in its monetary policy review to be announced on August 4 with an eye on promoting economic growth as inflation is seen to be under control, analysts said on Tuesday.The country’s CPI inflation is…