Category: Business

Business

Rupee falls 9 paise to 95.17 against U.S. dollar in early trade

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Rupee falls 9 paise to 95.17 against U.S. dollar in early trade

Representative image. | Photo Credit: Getty Images/iStockphotos The rupee depreciated 9 paise to 95.17 against the U.S. dollar in early trade on Thursday (August 6, 2026) as the support from lower crude oil prices were offset by lingering geopolitical risks. At the interbank foreign exchange market, the rupee opened at 95.13, then touched 95.17 against…

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Delhi HC restrains Bihar real estate firm from using ‘Nintendo’ in company name

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Delhi HC restrains Bihar real estate firm from using ‘Nintendo’ in company name

Nintendo submitted that it discovered in November 2025 that a company registered in Patna had incorporated itself as ‘Nintendo India Private Limited’ | Photo Credit: AP The Delhi High Court has restrained a Bihar-based real estate company from using the name “Nintendo”, holding that it infringes the trademark rights of Japanese gaming giant Nintendo Co….

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Google shakes up AI leadership as DeepMind chief Demis Hassabis shifts role

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Google shakes up AI leadership as DeepMind chief Demis Hassabis shifts role

Demis Hassabis, a Nobel laureate, will take the newly-created title of Alphabet’s chief scientist and transition from ‌being Google DeepMind CEO to being its chairman. File | Photo Credit: Reuters Google parent company Alphabet on Wednesday (August 5, 2026) announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main…

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Centre issues LoIs for 11 new flying training schools; annual pilot training capacity to increase by 750 cadets

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Centre issues LoIs for 11 new flying training schools; annual pilot training capacity to increase by 750 cadets

Union Minister for Civil Aviation Kinjarapu Ram Mohan Naidu during the handing over of LoI to 11 new FTOs in New Delhi | Photo Credit: ANI The Centre on Tuesday issued Letters of Intent (LoIs) for the establishment of 11 new Flying Training Organisations (FTOs) across seven airports operated by Airports Authority of India (AAI),…

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Business

ONGC expects oil plus gas production of 39 MMTOE this fiscal, 40 MMTOE next year

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ONGC expects oil plus gas production of 39 MMTOE this fiscal, 40 MMTOE next year

ONGC expects cumulative oil plus gas production to scale 39 MMT in the ongoing fiscal  | Photo Credit: Reuters Oil and Natural Gas Corporation (ONGC) expects cumulative oil plus gas production to scale 39 million metric tonnes (MMT) in the ongoing fiscal and 40 MMT in FY 2028, Anupam Agarwal, Director (Finance) at the state-owned…

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Business

India’s services sector growth hits four-and-a-half-year low in July on weak demand: PMI

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India’s services sector growth hits four-and-a-half-year low in July on weak demand: PMI

On the job front, after sinking to a six-month low in June, there was an improvement in the rate of job creation during July. | Photo Credit: AFP India’s services sector growth fell to a four-and-a-half-year low in July as new business orders eased in both domestic and export markets, constrained by fierce competition and…

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Business

Bondada Engineering Q1 net up 29%, to capitalise on renewable energy, power and telecom

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Bondada Engineering Q1 net up 29%, to capitalise on renewable energy, power and telecom

Improved operational efficiencies, disciplined cost management and the scalability of its diversified business helped Bondada Engineering post 29% year-on-year (YoY) increase in consolidated net profit to ₹53.94 crore for the June quarter FY27 . Consolidated revenue from operations rose 24% YoY to ₹691.65 crore in the review quarter. On a sequential basis, the profit and…

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Cohance Lifesciences reports ₹45.19 crore loss in Q1 on lower revenue

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Cohance Lifesciences reports ₹45.19 crore loss in Q1 on lower revenue

Contract development and manufacturing organisation (CDMO) Cohance Lifesciences (formerly Suven Pharmaceuticals) reported ₹45.19 crore loss on a consolidated basis for the quarter ended June compared to the ₹46.40 crore net profit in the year earlier period. Total income declined to ₹434.51 crore (₹563.48 crore), which the company attributed to shipment phasing in pharma CDMO, a…

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Business

Aurobindo Pharma Q1 net rises 25% to ₹1,032 cr; approves merger of three arms

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Aurobindo Pharma Q1 net rises 25% to ₹1,032 cr; approves merger of three arms

Aurobindo Pharma | Photo Credit: The Hindu Generic drugmaker Aurobindo Pharma reported a 25.2% year-on-year (YoY) increase in consolidated net profit to ₹1,032 crore in the June quarter FY27. The higher net profitability came on a 16.3% YoY increase in revenue from operations to ₹9,150 crore on the back of growth across businesses. Formulations revenue…

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