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BUSINESS

Alkem Laboratories’ Q1 net profit falls 22 pc to Rs 520 crore
BUSINESS

Alkem Laboratories’ Q1 net profit falls 22 pc to Rs 520 crore

Mumbai, Aug 14 — Alkem Laboratories on Friday reported a 21.7 per cent year-on-year (YoY) decline in consolidated net profit for the first quarter of current financial year (Q1 FY27).The drugmaker posted a net profit of Rs 520 crore in Q1 FY27, compared with Rs 664 crore in the corresponding…

RBI regulatory reset could unlock $50 billion in capital
BUSINESS

RBI regulatory reset could unlock $50 billion in capital

New Delhi, Aug 14 — India’s banking sector could attract nearly $50 billion due to the Reserve Bank of India’s recent liquidity measures and regulatory changes, potentially strengthening capital buffers and liquidity, a report said on Friday.The report from consulting company Uniqus Consultech said…

Middle East conflict disruptions show IMEC is an urgent need: Report
BUSINESS

Middle East conflict disruptions show IMEC is an urgent need: Report

New Delhi, Aug 14 — The plan for an India-Middle East-Europe Economic Corridor (IMEC), presented at the G20 summit in New Delhi in 2023, is widely seen as the democratic world’s answer to China’s Belt and Road Initiative, according to an article published by Jewish Telegraphic Agency.Envisioned as…

Indian states target 1.18 million jobs, 1380 new GCCs by 2031
BUSINESS

Indian states target 1.18 million jobs, 1380 new GCCs by 2031

New Delhi, Aug 14 — Indian states aim to create nearly 1.18 million jobs and establish roughly 1,380 new Global Capability Centres (GCCs) by 2031, driven largely by dedicated state GCC policies, a report said on Friday.The report from CBRE South Asia said GCCs have leased over 123 million sq. ft.…

India’s Wholesale Price Index inflation stands at 9.78 pc for July
NATIONAL

India’s Wholesale Price Index inflation stands at 9.78 pc for July

New Delhi, Aug 14 — India’s Wholesale Price Index (WPI) inflation, with base year 2022-23, stood at 9.78 per cent year-on-year in July compared to 9.87 per cent in June, according to provisional data released by the government on Friday.The index for all commodities for July stood at 110.0, whereas…

Air India Phuket-Delhi flight lost flight controls for 4 seconds
BUSINESS

Air India Phuket-Delhi flight lost flight controls for 4 seconds

New Delhi, Aug 14 — Air India’s Airbus A320neo operating a Phuket-New Delhi flight temporarily lost control of major flight surfaces for about four seconds after failures involving all three hydraulic systems, according to a report.According to analysis by Airbus of the aircraft’s flight data…

Gold, silver decline up to 1 pc as US-Iran tensions weigh sentiment
BUSINESS

Gold, silver decline up to 1 pc as US-Iran tensions weigh sentiment

New Delhi, Aug 14 — Gold and silver prices traded sharply lower on Friday amid heightened geopolitical uncertainty after US Treasury Secretary Scott Bessent warned of never-before-seen economic measures against Iran.On the Multi Commodity Exchange (MCX), gold futures (October) declined as much as…