Monday, September 21
US consumer inflation accelerated in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs is affecting the economy.The consumer price index (CPI) was up 2.7 percent from a year ago in June, rising from the 2.4 percent figure in May as energy costs rose, said the Department of Labor.Other areas that saw cost increases included household furnishings and apparel -- both segments that experts are eyeing for signs of cost hikes after Trump's sweeping tariffs this year.While Trump imposed a 10 percent tariff on almost all trading partners in April and separately slapped steeper duties on imports of steel, aluminum and autos, US officials have pushed back against warnings that these could
AWL Agri Business formerly known as Adani Wilmar reported a 24% decline in its June quarter consolidated net profit which was reported at Rs 236 crore versus Rs 313 crore in the year ago period as muted consumer demand, strategic consolidation of regional rice operations and one-off G2G rice business in the base year along with the fluctuations in edible oil prices, weighed on the earnings.Meanwhile, the company recorded its highest-ever Q1FY26 revenue at Rs 17,059 crore which was up by 21% on the year-on-year basis.The challenges led to a 5% YoY decline in overall volumes in Q1, with rice category being the key drag. However, the core categories delivered healthy volume growth and revenue rose 21% YoY, driven by higher realizations in edible oil.Segment-wise, revenue from edible oils rose
India's ICICI Prudential Life Insurance on Tuesday reported a 34% rise in first-quarter profit, helped by higher premiums from group policies and lower operating costs. The life insurer reported a profit after tax of 3.02 billion rupees ($35.2 million) for the quarter ended June 30, compared to 2.25 billion rupees a year before. Its net premium income grew 8% to 85.03 billion rupees, driven by a 20% jump in single premiums. Meanwhile, operating expenses decreased 10.1% aided by lower advertisement and sales related cost, the company said. Analysts said strong growth in group insurance plans during the April-June quarter boosted premium income for insurers. Group insurance policies cover a group of people under one contract and are generally utilised by firms for their employees. However, g
ET Intelligence Group: HCL Technologies (HCL Tech) reported better revenue performance than Tata Consultancy Services (TCS) for the June quarter but its profitability suffered due to a delay in project ramp-up. TCS, on the other hand, expanded operating margin through cost control. However, an upward revision in the revenue guidance for FY26 implies that HCL expects a more stable business environment in the coming quarters. The decline in the new order bookings during the June quarter seems to be short term given procedural delays while closing two deals.HCL's revenue rose by 1.3% sequentially to $3,545 million in June quarter, beating the analysts' average expectation of 0.8% growth. This failed to boost the EBIT margin, which contracted by 161 bps to 16.3% as a result of a client bankrup
Mumbai: Shares of electric two-wheeler maker Ola Electric Mobility rallied about 20% on Monday, the biggest single-day move in eight months, after the company's first-quarter results were better-than-expected. The stock is best suited for high-risk traders and investors, as analysts warn of continued sharp price swings in months ahead. Ola ended at ₹47.7 on Monday, up 19.75%, after hitting a fresh 52-week low of ₹39.6."Ola Electric's Q1 shows a sharp operational turnaround-losses narrowed from ₹870 crore to ₹428 crore, gross margins hit a record 25.6%, and the auto segment turned Ebitda (earnings before interest, taxes, depreciation, and amortization)-positive in June," said Jahol Prajapati, research analyst at Samco Securities.Its revenue from operations also rose to ₹828 crore
