China's Commerce Ministry said the United States is undermining the global trade system. Beijing cited discriminatory policies and sanctions. China is planning to escalate its actions at the World Trade Organization. This includes pursuing cases and scrutinizing US measures.
JSW Energy reported a 17% year-on-year fall in consolidated net profit to Rs 705 crore for Q2, despite a 60% revenue surge to Rs 5,177 crore. EBITDA increased by 67% YoY to Rs 3,180 crore, driven by renewable capacity additions. The company affirmed its healthy balance sheet and credit ratings, with installed capacity at 13.2 GW.
China's second-ranked general, He Weidong, has been expelled from the Communist Party and the army following an investigation into corruption. Nine other senior military officers were also punished for discipline violations and duty-related crimes. This rare public disclosure highlights the ongoing anti-corruption campaign within the military.
Dixon Technologies posted a 72% YoY rise in Q2 net profit to Rs 670 crore on strong operational growth. Revenue increased 29% to Rs 14,855 crore, while EBITDA surged 152% year-on-year to Rs 1,057 crore.
Indian engineering firm Tata Technologies reported a 5% rise in second-quarter profit on Friday, as growth in its non-automotive business cushioned weakness in its key auto-focused segment
Donald Trump expressed optimism about an imminent expansion of the Abraham Accords, specifically hoping for Saudi Arabia's inclusion. He believes Saudi Arabia's participation would encourage other nations to join the pact that normalized relations between Israel and several Arab states. Trump indicated recent positive discussions with potential new signatories.
