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Gambia and Uzbekistan last year. The WHO flagged contamination with unacceptable amounts of diethylene glycol and ethylene glycol, which are considered toxic to humans when consumed and can prove fatal, in samples taken from a batch of cough syrup made by QP Pharmachem Ltd, based in the northern Punjab state. However, the company denied wrongdoing and told Reuters it planned to appeal against the suspension.

L&T: Larsen & Toubro reported a net consolidated profit of ₹2,493 crore which was 46% more than ₹1,702 crore reported during the corresponding quarter in the previous fiscal year. The revenue from operations of the company jumped 34% from ₹35,853 crore in Q1FY23 to ₹47,882 crore during the Q1FY24 period.

Heavy electrical equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) has rallied by about 16% in a month to a fresh 52-week high in July, but the chart structure suggests that the rally in stock price is not over yet.The stock rose from Rs 84.65 on June 23 to Rs 98.05 on July 24, which translates into an upside of about 16% in a month.The stock hit a 52-week high of Rs 99.53 in intraday trade on July 25.

Some Airbus passenger jets will need to have their engines removed and inspected in the coming months because engine maker Pratt & Whitney is finding a problem with metal powder used in some parts

General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago

strategic sourcing unit (SSU) to ensure faster supplies of parts to its automobile and tractor businesses with a heightened focus on electrical, electronic components and software, the company said in an internal circular to its employees. «The re-organisation will help the firm streamline the sourcing function and service each of the business units better,» said a person privy to the restructuring declining to be identified.

₹10,000 crore from its public shareholders, the engineering giant’s first such offer in its eight-decade-long history. “We are walking the talk by returning surplus cash to shareholders in our journey to improve the group return ratios over the Lakhshya Strategic Plan period ending FY26," said S.N. Subrahmanyan, chief executive and managing director, L&T.

HDFC with HDFC Bank is hurting the short term fixed income investors. Fresh sale of commercial papers fell to a new nine year low. The latest Reserve Bank data indicates that in the July 15 fortnight it fell to Rs 26,000 crore as one of the biggest issuers-HDFC is now out of the market.

(Reuters) -UPS has reached a tentative five-year labor deal with the Teamsters Union that represents about 340,000 U.S. workers at the parcel delivery firm, the company said, sending its shares up 2.3% on Tuesday.

pharmaceutical exports this fiscal year are set to grow nearly twice as fast as last year to hit sales of $27 billion, driven by strong U.S. buying, a government-backed trade body told Reuters, despite deaths linked to Indian-made cough syrups. The robust forecast comes against the backdrop of earlier concerns from the government that last year's deaths of dozens of children in Gambia, which the World Health Organization (WHO) linked to drugs made in India, had «adversely impacted the image of India's pharmaceutical products across the globe». Two other cough syrups made in India killed 19 children in Uzbekistan around December, according to the Uzbekistan government. India is the world's third largest maker of drugs by volume after the United States and China, and senior pharma trade official Udaya Bhaskar said the country was too big a player for buyers to move away because of «these aberrations» in Gambia and Uzbekistan. «As far as the Gambia and Uzbekistan incidents are concerned, if you see in terms of the image of the country, there is a dent,» Bhaskar, director general of the Pharmaceuticals Export Promotion Council of India (Pharmexcil), told Reuters on Tuesday.

Moreover, stylish laptop bags by HP have an ergonomic design with a lightweight design and durable straps to offer you maximum comfort. So, here are our picks for the best HP laptop bags in India for working men and women alike. Read on to take your pick.

Snack company Mondelez India is expanding its manufacturing plant's capacity at Sri City in Tirupati district and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy virtually took part in the foundation stone-laying ceremony on Tuesday. With an investment of Rs 1,600 crore, this project, first announced during the Global Investors Summit (GIS) in Visakhapatnam is taking off now.

₹1,600 crore for add to its chocolate making capacity at its existing manufacturing plant in Sri City, Andhra Pradesh. The move is aimed catering to the growing demand for its brands such as Cadbury Dairy Milk. The investment by the chocolate maker will add to its chocolate-making capacity over the next three years, helping Sri City become one of Mondelēz International’s largest chocolate production plants globally.

₹7,427 crore under the production-linked incentive (PLI) scheme so far, said Union minister of state for ministry of food processing industries Prahlad Singh Patel in a written reply in the Lok Sabha. “Under the scheme, 158 applications have been approved for availing incentives.

₹67.19 crore for the June quarter, up 48% from ₹45.43 crore in the year- ago period. The company reported a 15% YoY (year-on-year) rise in consolidated revenue from operations at ₹3271.50 crore against ₹2,855.07 crore year ago.

TikTok is planning to launch in early August an e-commerce platform to sell China-made goods in the United States, the Wall Street Journal reported on Tuesday, citing people familiar with the plan. The short-video app is seeking to replicate the American success of Chinese shopping platforms Shein and Temu and will be responsible for the storage and shipping of items on behalf of manufacturers and merchants in China, the report said.

₹2,493 crore which was 46% more than ₹1,702 crore reported during the corresponding quarter in the previous fiscal year. The L&T board also approved an “additional investment of an amount upto ₹506 crore (Rupees Five Hundred and Six Crore only) in L&T Energy Green Tech Limited, existing subsidiary of the company." The investment amount will not exceeding ₹506 crore, the company said. The proposed investment will be made either by subscribing to equity or preference shares or by way of Inter Corporate Deposits or company guaranteed debt or a combination of these and will be done at "arm's length".

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By Rachel More

(Reuters) -U.S. industrial conglomerate 3M Co on Tuesday raised its full-year profit forecast, benefiting from higher prices and cost-cut measures including significant layoffs.

BSE MidCap index witnessed an impressive surge today as prominent companies marked new 52-week highs. Notable gainers included Ajanta Pharma, Oberoi Realty, and more, reaching record levels in their impressive journey. The data was sourced from BSE at 1.20 pm, and the updates from the real-time data could come with a lag.