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Hindustan Unilever first-quarter profit rises but lags estimates

Consumer goods maker Hindustan Unilever Ltd posted a 19 percent rise in its first-quarter profit on Monday but slightly missed analysts' expectations as cost of materials climbed.

Recent Business News

Malaysia's Najib drops lawsuits against top 1MDB investigators

KUALA LUMPUR Malaysia's former premier Najib Razak on Monday dropped three civil suits against investigators of a multi-billion dollar scandal at state fund 1MDB, two weeks after he filed the applications.

World 5:45pm IST

BofA profit beats on consumer loan growth, lower expenses

Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.

6:26pm IST

China's second-quarter GDP growth softens as trade row stirs concerns on outlook

BEIJING China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified.

Economy 2:35pm IST

Vistara to add 50 Airbus A320neos to its fleet

FARNBOROUGH, England European planemaker Airbus said at the Farnborough Airshow on Monday that Indian airline Vistara had signed a letter of intent to buy 13 Airbus A320neo aircraft and had committed to taking a further 37 A320neos from leasing firms.

3:43pm IST

Oil prices fall but supply tight with focus on outages

LONDON Oil prices fell sharply on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers.

6:26pm IST


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