Sun TV Network reported a 3% YoY drop in Q1 profit to ₹529 crore due to weak advertising revenues, while subscription income grew 10%. EBITDA fell 13% to ₹617 crore.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.