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BUSINESS

Disney eyes thousands of job cuts as part of cost-saving overhaul
BUSINESS

Disney eyes thousands of job cuts as part of cost-saving overhaul

New Delhi, Nov 3 — Walt Disney Co. is considering a fresh round of workforce reductions as part of a broader effort to lower expenses with some managers being asked to identify annual cost savings of up to 20 per cent, according to multiple reports.According to the reports, the decision comes as…

LG Energy swings to Q3 loss amid EV market slowdown
BUSINESS

LG Energy swings to Q3 loss amid EV market slowdown

Seoul, Nov 3 — LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said on Tuesday it swung to a net loss in the third quarter from a year earlier amid a prolonged slowdown in the electric vehicle (EV) market.In the three months ended in September, the company shifted to a net loss…

Amara Raja Q2 profit drops 45 pc; declares Rs 4.30 interim dividend
BUSINESS

Amara Raja Q2 profit drops 45 pc; declares Rs 4.30 interim dividend

Mumbai, Nov 2 — Amara Raja Energy and Mobility Limited on Monday reported a 44.8 per cent year-on-year (YoY) decline in profit for the quarter ended September 2026, as rising cost pressures weighed on margins despite healthy revenue growth across key business segments.The battery maker posted a…

SEBI allows REITs, InvITs to issue DRs, list on GIFT City exchanges
BUSINESS

SEBI allows REITs, InvITs to issue DRs, list on GIFT City exchanges

Mumbai, Nov 2 — Capital markets regulator SEBI on Monday allowed Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to issue depository receipts (DRs) backed by their units and list them on exchanges in GIFT City's International Financial Services Centre (IFSC),…

Govt working on a booster shot for biopharma startups
NATIONAL

Govt working on a booster shot for biopharma startups

New Delhi, Nov 2 — Commerce and Industry Minister Piyush Goyal on Monday held a discussion with India’s biopharma and biotechnology startups on key challenges and ways to unlock new opportunities for growth in the sector.The minister indicated that the government is looking at the need for…

DOMS Industries Q2 profit falls 36 pc to Rs 37.2 crore
BUSINESS

DOMS Industries Q2 profit falls 36 pc to Rs 37.2 crore

Mumbai, Nov 2 — DOMS Industries Limited, one of India's leading stationery and art material manufacturers, on Monday reported a 36.2 per cent decline in profit for the quarter ended September 2026 (Q2 FY27), as margin pressure weighed on earnings despite healthy growth in revenue.The company posted…

ITC Q2 earnings: Net profit slides 20 pc, margin shrinks to 28 pc
BUSINESS

ITC Q2 earnings: Net profit slides 20 pc, margin shrinks to 28 pc

Mumbai, Nov 2 — Diversified conglomerate ITC Limited on Monday reported a 20.1 per cent year-on-year (YoY) decline in consolidated net profit for the quarter ended September 30 (Q2 FY27).The company posted a consolidated net profit of Rs 4,137 crore in the second quarter of FY27, compared to Rs…