Category: Business

Business

Gokaldas Exports Q1 net up 7%, African biz outperform domestic operations

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Gokaldas Exports Q1 net up 7%, African biz outperform domestic operations

Workers check the quality of garments at a Gokaldas garment facility in Bengaluru, | Photo Credit: Reuters Gokaldas Exports, Bengaluru-based apparel manufacturer and exporter, has posted a 7% year-on-year (YoY) increase in net profit to ₹44 crore in first quarter (Q1) of 2026, Total income grew 21% YoY to ₹1,180 crores, said the company, which…

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Business

Air India captain’s confirmatory drug test positive for marijuana, say TV channels

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Air India captain’s confirmatory drug test positive for marijuana, say TV channels

Representational image only. File | Photo Credit: The Hindu The ‌captain of an Air India Phuket-Delhi ​flight that suddenly lost about ⁠300 feet of altitude last week has tested positive for marijuana in a confirmatory drug ‌test, Indian news television channels reported on Tuesday (August 11, 2026). Reuters could not immediately ‌verify the reports. Air…

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Business

Milky Mist eyes growth without fresh debt; targets Tier 1, 2 and 3 cities

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Milky Mist eyes growth without fresh debt; targets Tier 1, 2 and 3 cities

Sathishkumar T (left) , CMD, Milky Mist Dairy Food Ltd and K. Rathnam, Whole-time Director and CEO, at a press conference in connection with the company’s IPO, in Chennai. | Photo Credit: The Hindu Milky Mist, whose ₹1,553-crore initial public offering (IPO) is currently on tap, plans to expand into West and North India for…

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Business

Sensex falls 188 points amid elevated crude oil prices; Tata Group stocks decline after N. Chandra’s exit

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Sensex falls 188 points amid elevated crude oil prices; Tata Group stocks decline after N. Chandra’s exit

Falling for the second day, benchmark BSE Sensex closed lower by nearly 188 points on Wednesday (August 12, 2026) following elevated crude oil prices and selling in TCS and other Tata Group shares after N. Chandrasekaran said he will not seek reappointment as Tata Sons Chairman when his current term ends on February 20, 2027….

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Business

Retail inflation hits 19-month high of 4.45% in July 2026 as food, fuel prices rise

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Retail inflation hits 19-month high of 4.45% in July 2026 as food, fuel prices rise

A wholesale vegetable market in the old quarters of Delhi | Photo Credit: Reuters Retail inflation rose to a 19-month high of 4.45% in July, driven up by higher food and fuel prices, official data released on Wednesday showed. The Consumer Price Index (CPI) data released by the Ministry of Statistics and Programme Implementation showed…

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Business

Rupee rises 3 paise to close at 95.33 against U.S. dollar

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Rupee rises 3 paise to close at 95.33 against U.S. dollar

Image used for representational purposes only. | Photo Credit: Reuters The rupee settled just 3 paise higher at 95.33 (provisional) against the U.S. dollar on Wednesday (August 12), as hopes of a quick U.S.-Iran agreement and reopening of the Strait of Hormuz faded. Forex traders said Brent crude is moving towards $90 per barrel amid…

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Business

Public sector banks’ bad loan write-offs shrink as recoveries rise

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Public sector banks’ bad loan write-offs shrink as recoveries rise

Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The total amount of bad loans written off by public sector banks (PSBs) has been declining each year, while recoveries from these loans have been steadily expanding, according to data shared by the government with Parliament. An analysis by The Hindu of data shared…

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Business

N. Chandrasekaran to step down as chairman of Tata Sons  | 5 key questions answered

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N. Chandrasekaran to step down as chairman of Tata Sons  | 5 key questions answered

Tata Sons chairman Natarajan Chandrasekaran. File | Photo Credit: Reuters Natarajan Chandrasekaran, chairman of Tata Sons, has announced that he would not be seeking a reappointment when his 5-year term ends in February 2027, marking a major shift at the helm of one of India’s biggest conglomerates. The development will have larger ramifications as the…

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Business

Tata Group stocks fall; TCS tumbles nearly 6%

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Tata Group stocks fall; TCS tumbles nearly 6%

Tata Group stocks decline as TCS drops nearly 6% following Chairman N. Chandrasekaran’s decision not to seek reappointment. Tata Group stocks fell on Wednesday (August 12, 2026), with TCS dropping nearly 6%, after Tata Sons Chairman N. Chandrasekaran said he will not seek reappointment when his current term ends on February 20, 2027. Shares of…

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Business

Tata Sons chairman N. Chandrasekaran to quit at end of his term: report

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Tata Sons chairman N. Chandrasekaran to quit at end of his term: report

N. Chandrasekaran, Chairman, TATA Sons. File | Photo Credit: Rajeev Bhatt N. Chandrasekaran has resigned ‌as chairman of Tata Sons but will serve out his current ‌term, Reuters reported ​on Wednesday (August 12, 2026), citing a source ⁠with direct knowledge ⁠of the matter. Mr. Chandrasekaran said he will not seek reappointment when his term ends…

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