August 12, 2026
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Godrej Consumer Shares Suffer Worst Fall in Six Years After CEO Exit

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Shares of Godrej Consumer Products plunged 11.2% on Wednesday, marking their steepest single-day decline in more than six years. The sell-off followed the abrupt departure of CEO Sudhir Sitapati, raising concerns among investors about the company’s strategic execution and growth plans. Godrej Consumer appointed CFO Aasif Malbari as CEO and managing director after Sitapati Continue Reading
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HAL Profit Jumps Nearly 15% on Strong Defence Execution

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India’s state-run Hindustan Aeronautics Ltd (HAL) reported a nearly 15% rise in first-quarter profit, supported by strong execution of defence orders and steady progress in project deliveries. The aerospace and defence company posted a June-quarter net profit of ₹15.90 billion ($166.66 million), compared with ₹13.84 billion a year earlier. HAL’s revenue from operations Continue Reading
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Tata Motors Quarterly Profit Rises 8.3% on Strong Demand

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Tata Motors reported an 8.3% increase in quarterly profit on Wednesday, supported by strong demand from infrastructure, logistics and freight customers. The higher volumes helped the automaker offset rising commodity costs linked to the ongoing Middle East conflict. The company posted a profit of ₹15.28 billion ($160.3 million) for the April-June quarter, compared with Continue Reading
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Coal India Eyes Chile Lithium Assets Through Wealth Minerals Deal

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Coal India is considering acquiring a unit of Canada’s Wealth Minerals that holds lithium mining assets in Chile, according to sources familiar with the matter. The state-owned coal giant is also exploring a potential joint venture, as India steps up efforts to secure overseas supplies of lithium, a critical mineral used in electric vehicle batteries […]Continue Reading
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Diageo Challenges India’s Rum Ban Over Due Process

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Diageo has challenged India’s ban on its popular McDowell’s No. 1 Celebration Matured XXX Rum, arguing that the prohibition was imposed without following proper legal procedures. The action comes amid a major crackdown by India’s food safety regulator on alcohol brands over alleged mislabelling and the use of artificial flavours. Diageo’s India unit, United Spirits, […]Continue Reading
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Gold Holds Near Two-Month High as Markets Await US Inflation Data

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Gold prices steadied on Tuesday after briefly climbing to their highest level in more than two months, as investors awaited key U.S. inflation data that could influence the Federal Reserve’s interest-rate decisions. Spot gold was little changed at $4,386.13 an ounce after reaching $4,434.84, its highest level since June 5. U.S. gold futures gained 0.6% […]Continue Reading
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US Judge Dismisses Criminal Case Against Gautam Adani

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A U.S. judge has dismissed criminal fraud and bribery charges against Indian billionaire Gautam Adani, after the U.S. Justice Department moved to abandon the high-profile case. Brooklyn-based Judge Nicholas Garaufis approved the dismissal but expressed concern over how prosecutors reached the decision, saying the process involved significant irregularities. Adani had been Continue Reading

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