ITC’s first quarter net profit declined twenty-seven percent year-on-year. Record taxation on cigarettes significantly impacted the company’s core business operations. The West Asia crisis also negatively affected agri-business exports during the period. However, the FMCG segment showed resilience with revenue and profit growth. Consumption remained steady across rural and urban markets despite inflation concerns.
Apple set to lose nearly $500 billion in value after weak forecast
Apple shares dropped significantly after a weak forecast indicated component shortages. The AI boom is straining global supply chains, impacting chip availability for major tech
August 1, 2026