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BUSINESS

McDonald's India operator Westlife Foodworld Q1 profit drops 52 pc
BUSINESS

McDonald's India operator Westlife Foodworld Q1 profit drops 52 pc

Mumbai, July 30 — Westlife Foodworld Limited, which operates McDonald's restaurants across West and South India, on Thursday reported a 52 per cent year-on-year (YoY) decline in net profit for the June quarter of FY27.The company posted a net profit of Rs 0.59 crore for the first quarter ended June…

India's Q2 gold demand falls 6 pc; investment demand stays resilient
BUSINESS

India's Q2 gold demand falls 6 pc; investment demand stays resilient

Mumbai, July 30 — India's gold demand declined 6 per cent year-on-year (YoY) to 131.4 tonnes during the April-June quarter of 2026, as subdued seasonal demand, higher customs duty and a shift in consumer sentiment weighed on purchases, according to the World Gold Council's (WGC) latest Q2 2026 Gold…

India's auto parts industry likely to grow 10 pc through FY30
BUSINESS

India's auto parts industry likely to grow 10 pc through FY30

New Delhi, July 30 — India’s auto component industry is likely to grow at a compound annual growth rate of about 10 per cent through fiscal 2030 as manufacturers diversify into higher‑margin precision engineering sectors such as semiconductor equipment, defence, aerospace and data‑centre power…

FSSAI directs Sun Organic Industries to recall 'Wonderland Raisins'
NATIONAL

FSSAI directs Sun Organic Industries to recall 'Wonderland Raisins'

New Delhi, July 30 — The Food Safety and Standards Authority of India (FSSAI) has issued a recall order for a batch of ‘Wonderland Raisins’ manufactured by Sun Organic Industries Private Limited after regulatory testing found pesticide residues exceeding the prescribed safety limits.In a post on…

Markets open subdued as IT, pharma stocks offset banking weakness
BUSINESS

Markets open subdued as IT, pharma stocks offset banking weakness

Mumbai, July 30 — Domestic equity benchmarks opened on a subdued note on Thursday amid mixed global cues, as gains in information technology and pharma stocks were offset by weakness in banking and realty shares.Sensex opened at 77,638.86, down 15.74 points or 0.02 per cent, while Nifty opened at…

LG Energy swings to Q2 loss on EV market slowdown
BUSINESS

LG Energy swings to Q2 loss on EV market slowdown

Seoul, July 30 — LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Thursday it swung to a net loss in the second quarter from a year earlier amid a prolonged slowdown in the electric vehicle (EV) market.In the three months that ended in June, LGES posted a net loss of…

MOIL reports 70 per cent jump in net profit in Q1 FY 2026-27
NATIONAL

MOIL reports 70 per cent jump in net profit in Q1 FY 2026-27

New Delhi, July 29 — Public sector manganese ore major MOIL on Wednesday reported a 70 per cent increase in net profit to Rs 87.62 crore for the first quarter of the current financial year compared to the corresponding figure of Rs 51.51 crore for the same quarter of the previous financial year.The…