Pine Labs reports 67 pc sequential fall in Q1 net profit

IANS | July 28, 2026 4:51 PM

New Delhi, July 28 (IANS) Fintech company Pine Labs on Tuesday reported a 67 per cent quarter-on-quarter decline in its consolidated net profit to Rs 19.57 crore for the first quarter of FY27, even as revenue from operations registered sequential growth.

US AI boom faces threat from cheaper Chinese models: Jefferies' Christopher Wood

IANS | July 28, 2026 4:12 PM

New Delhi, July 28 (IANS) Cheaper artificial intelligence (AI) models from China could trigger massive capital destruction in the US stock market as investors begin to question the returns on the massive AI investments made by American technology giants, Jefferies' Global Head of Equity Strategy Christopher Wood has warned.

Ambuja Cements starts FY27 on strong operational note, eyes 119 MTPA capacity

IANS | July 28, 2026 3:44 PM

Ahmedabad, July 28 (IANS) Adani Group-backed Ambuja Cements Ltd on Tuesday reported a strong operational performance for the first quarter of FY27, driven by higher trade sales, premiumisation and cost optimisation, while reaffirming its plan to expand cement manufacturing capacity to 119 million tonnes per annum (MTPA) by the end of the fiscal.

China industrial profit growth slows down for 2nd month over easing energy costs

IANS | July 28, 2026 2:19 PM

New Delhi, July 28 (IANS) China’s industrial profits climbed 15.1 per cent in June from the previous year, data from the National Bureau of Statistics (NBS) showed, pointing to a two‑month slowdown as easing energy costs trimmed the price gains that helped drive a rebound earlier this year, a new report has said.