Economic Times5/4/2026BusinessIndia
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Developing·43m ago
Trent Reports 19% Revenue Surge in Q1 FY27 Driven by Store Expansion
Tata Group retailer Trent's revenue jumped 19% to Rs 5,666 crore in Q1 FY27, fueled by aggressive expansion of its Westside and Zudio stores. The company added 20 new outlets, now operating over 1,300 stores.
Economic Times
Developing·21m ago
FSSAI Issues Notices to Three Brands for Misleading Claims and Incorrect Labelling
India's FSSAI has issued notices to three food brands for misleading claims and incorrect labelling. Heritage Fresh Paneer, La Casa Vegan Hazelnut Chocolate Spread, and Cipzer Nutraceuticals Juice Capsules face scrutiny for terms like 'Fresh', 'All Natural', '100% organic', 'Vegan', and 'FSSAI Approved'.
Times of India
Developing·53m ago
Microsoft Begins New Fiscal Year with Significant Layoffs, Xbox Hit Hardest
Microsoft has laid off approximately 4,800 employees, about 2.1% of its global workforce, as its new fiscal year begins. The cuts primarily affect the commercial sales and Xbox gaming divisions, with Xbox planning further reductions and studio spin-offs.
Times of India
Developing·21m ago
Saudi Arabia Announces Largest Crude Oil Price Cut for Asia in Over Two Decades
Saudi Arabia has slashed the August price of its flagship Arab Light crude for Asian customers by $11 per barrel, the largest reduction in over 20 years. This move reflects weakening demand, improved supply conditions post-Middle East tensions, and increased competition.
Times of India
Developing·1h ago
Indian Oil Companies Face Rs 75,000 Crore Loss in Q1, Break-Even Possible Soon
State-run Indian oil companies absorbed over Rs 75,000 crore in losses in Q1 FY24. While petrol and diesel sales may reach break-even in 7-10 days if crude prices stabilize around $75/barrel, LPG sales continue to incur losses. OPEC+ production hikes aim to ease global prices.
Times of India
BREAKING·1h ago
Saudi Arabia Slashes August Arab Light Crude Price for Asia to Lowest Since June 2020
Saudi Arabia significantly cut its August Arab Light crude oil price for Asia to $1.50 a barrel below the Oman/Dubai average, marking its lowest level since June 2020. This deep reduction, which exceeded market expectations, follows a sharp decline in spot crude markets due to increased Middle Eastern supplies.
Economic Times