Economic Times5/7/2026BusinessIndia
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Developing·3m ago
US Probe Finds Foreign Aircraft Imports a National Security Risk, But No New Tariffs Planned
A US investigation identified national security risks from foreign aircraft imports, but the administration will not impose new tariffs. The report cited supply chain reliance and quality control issues, with President Trump directing negotiations to mitigate industry impacts.
Economic Times
Business·21m ago
Pakistan Records Highest-Ever Remittances at $41.6 Billion in FY26
Pakistan received a record $41.6 billion in remittances in the fiscal year ending June 30, 2026, surpassing total exports. The State Bank of Pakistan reported an 8.6% increase from the previous year, with Saudi Arabia and the UAE being the largest sources.
TOI World
Developing·5m ago
Tata Consultancy Services Reports 4.6% Net Profit Increase in Q1
Tata Consultancy Services announced a 4.6% rise in net profit and a 13.9% revenue growth for Q1, meeting market expectations. Growth was driven by the financial services sector and the US market. Net profit reached Rs 13,349 crore, including a Rs 668 crore charge from a DXC settlement.
Economic Times
Developing·1h ago
Dr Reddy's to Halt Semaglutide Injection Supplies Until October Due to Impurities
Dr Reddy's Laboratories will halt semaglutide injection supplies until at least October due to unspecified impurities found during API manufacturing scale-up. Marketed products are safe, but Torrent Pharma and USV are recalling some batches sourced from DRL.
Economic Times
Developing·2h ago
TCS Reports Q1 Revenue Growth Amidst Tech Spending Reassessment
TCS reported $7.6 billion in June-quarter revenue, a 2.7% year-on-year increase. The company saw a 2.7% sequential decline in net profit due to a one-time charge and annual wage hikes impacting operating margins to 24%. Despite cautious tech spending, TCS resumed workforce expansion, adding 9,279 employees.
Times of India
Developing·5h ago
Samsung Restructures Indian Operations to Boost Home Appliance Profitability
Samsung is restructuring its Indian home appliance operations to improve profitability amid slowing smartphone demand and rising component costs. The move aims to eliminate operational layers and overlapping functions, potentially leading to job losses, and may be replicated globally.
Economic Times