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India
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Infosys (NSE: INFY) AI revenue grows 29%, but weaker FY27 outlook sends US shares down 6.6%
Infosys reported stronger artificial intelligence revenue and its highest quarterly large-deal bookings in recent periods, but reduced its annual revenue growth guidance amid persistent weakness in traditional IT services. The divergence raises questions about whether AI transformation is creating enough incremental demand to offset the pressure on existing outsourcing contracts.
L’Oréal sales reach €11.56bn as luxury beauty rebounds and India accelerates
L'Oréal reported third-quarter sales of €11.56 billion and accelerating like-for-like growth as luxury beauty, professional haircare and dermatological products outperformed. Strong demand in India and other emerging markets strengthened its international growth profile.
SBI reports 3,897 customer records exposed on dark web as cyber investigation begins
State Bank of India says personal information relating to 3,897 customer records was identified on the dark web, while an independent investigation examines the source and extent of the exposure.
Rubio urges Reliance to refine more Venezuelan oil as US-India trade talks advance
U.S. Secretary of State Marco Rubio wants Reliance Industries to expand purchases of Venezuelan crude and potentially participate in oil production as Washington pursues closer energy ties with India.
Dolce & Gabbana Beauty tops €1bn wholesale sales as 70-store expansion tests in-house strategy
Dolce & Gabbana Beauty expects another year of double-digit growth after wholesale sales exceeded €1 billion, validating part of a costly shift from licensing to direct control.
Hindustan Zinc profit surges 142% to Rs 6,412cr as silver transforms earnings
Hindustan Zinc Limited reported record second-quarter profit of ₹6,412 crore and EBITDA of ₹9,285 crore, supported by stronger zinc and silver prices, higher production and a 29% reduction in zinc production costs. Management has also lowered its full-year cost guidance while advancing capacity expansion and critical minerals diversification.
UltraTech Cement profit rises 21% as capacity reaches 210mt and wires expansion begins
UltraTech Cement Limited reported an 18.9% increase in September-quarter net sales and a 21.3% rise in profit after tax as domestic cement volumes expanded, while its new Ultravolt wires business opened another front in India's building materials market.
India’s Rs 661.5cr BrahMos contract shifts attention to naval missile integration and domestic manufacturing
India's Ministry of Defence has contracted BrahMos Aerospace Private Limited to supply fire control systems and launchers for naval vessels. The agreement carries a minimum 68% indigenous-content requirement, potentially extending its industrial significance beyond the principal contractor.
Supreme Court says children have fundamental right to internet access, rejects blanket bans
India's Supreme Court has rejected sweeping restrictions on children's internet access while calling for stronger safeguards against online exploitation and harmful content.
Pernod Ricard India sales jump 19% as U.S. falls 10% and China drops 25%
Pernod Ricard’s first-quarter sales fell only 0.9% organically as 19% growth in India partly countered double-digit declines in the United States and China.