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BUSINESS

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…

India's retail leasing surges 10.5 pc to four‑year high
BUSINESS

India's retail leasing surges 10.5 pc to four‑year high

New Delhi, Aug 4 — India’s retail sector recorded its highest half‑yearly leasing volume in four years as gross leasing across the top seven markets rose 10.5 per cent to 6.27 million square feet in H1 2026, a report said on Tuesday.India’s retail market has exhibited a resilient growth momentum…

L&T wins over Rs 15,000 crore order from ADNOC Offshore
BUSINESS

L&T wins over Rs 15,000 crore order from ADNOC Offshore

New Delhi, Aug 4 — Larsen & Toubro on Tuesday informed that its L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an "ultramega" order worth over Rs 15,000 crore from ADNOC Offshore for a major project in the Middle East.The project will be executed through a consortium, with LTEH…