Business

Chinese brands feel the heat as below 15,000 segment plunges 45% in a year

Reliance Industries saw a 25% profit decline, yet revenue grew significantly. Strong performances from oil-to-chemicals and Jio digital services boosted overall results. Jio’s earnings climbed, supported by subscriber growth and increased average revenue per user. Retail and oil and gas divisions showed stable or slightly varied ebitda figures. The company maintains a healthy cash balance

The index evaluates states and UTs across eight key pillars: infrastructure, business climate, resources, government policy, regulatory ease, institutional environment, financial health and environmental resilience.

After dropping as much as 6.9% in early US trading to $122.12 per share, the stock recovered some of its losses. At that level, the company’s market value stood at $1.61 trillion, down from its high of $2.64 trillion seen at the close of June 16.

Apple Inc. has regained its position as the world’s most valuable company. Nvidia’s stock experienced a sharp decline, reducing its market capitalization significantly. Investors are now favoring companies with strong long-term growth prospects over AI boom beneficiaries. Apple’s recent share surge and China’s approval for Apple Intelligence support its valuation. HSBC upgraded Apple’s stock, citing

RIL results: Revenue from operations rose 25% year-on-year to Rs 3.11 lakh crore in the June quarter, compared with Rs 2.48 lakh crore in the same quarter last year. Quarterly EBITDA increased 10% from a year earlier to Rs 54,067 crore.

The S&P 500 declined 1.3%, putting it on course for its first weekly loss in three weeks and only its third losing week in the past 16. As of 9:35 a.m. Eastern time, the Dow Jones Industrial Average had fallen 451 points, or 0.9%, while the Nasdaq Composite was down 2.1%.

India’s current account deficit is projected to widen significantly by fiscal year 2027. Higher crude oil and commodity prices will drive this projected increase in the deficit. Merchandise imports grew faster than exports in June, widening the trade gap. Petroleum exports saw a substantial sequential decline during the same period. Services sector surplus narrowed, though

LPG subsidy spending may surpass one lakh crore rupees in FY27. This projection significantly exceeds the budget’s thirty thousand crore rupee allocation. Higher fuel prices and ongoing war uncertainty are driving this increased subsidy burden. Government finances face pressure from these rising subsidy commitments. Capital expenditure is expected to remain measured during the first half

India’s first bullet train project between Mumbai and Ahmedabad is progressing well. Initial operations will commence using Indian high-speed trains in 2027. Japan’s next-generation E10 Shinkansen trains will be introduced later, after 2030. The first operational stretch will connect Surat and Bilimora in Gujarat. This initiative significantly reduces travel time between the two major cities.