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U.S. economy unexpectedly lost 23,000 jobs in July●Beijing says 20% offshore insurance tax not new – and does not target Hong Kong●Gold prices today, Friday, August 7, 2026: Gold prices continue to rise ahead of July jobs report●EIH shares drop 6% after the announcement of Q1FY27 results●July jobs report, Airbnb earnings, fuel prices and more in Morning Squawk●Wendy's is cutting its dividend and pulling its full-year forecast as its turnaround drags on●Market wrap: TCS, SBI, M&M, Trent among top gainers and losers on Nifty and Sensex on Friday●K-shaped economy shows up in housing: Luxury sales rise as starter-home buyers struggle●U.S. economy unexpectedly lost 23,000 jobs in July●Beijing says 20% offshore insurance tax not new – and does not target Hong Kong●Gold prices today, Friday, August 7, 2026: Gold prices continue to rise ahead of July jobs report●EIH shares drop 6% after the announcement of Q1FY27 results●July jobs report, Airbnb earnings, fuel prices and more in Morning Squawk●Wendy's is cutting its dividend and pulling its full-year forecast as its turnaround drags on●Market wrap: TCS, SBI, M&M, Trent among top gainers and losers on Nifty and Sensex on Friday●K-shaped economy shows up in housing: Luxury sales rise as starter-home buyers struggle●

Asia

JK Tyre & Industries Q1 Results: Net profit tumbles 73% at Rs 44.09 crore

Markets-Economic Times · 1h ago · 🇮🇳 India

JK Tyre & Industries Q1 Results: Net profit tumbles 73% at Rs 44.09 crore

In the first quarter of FY27, JK Tyre & Industries reported a staggering 73 percent decline in profits, primarily due to soaring raw material prices linked to the West Asia crisis. Their consolidated net profit plummeted to Rs 44.09 crore from Rs 163.35 crore year-on-year, even as revenue rose to Rs 3,946.24 crore. Notably, domestic volumes surged by 25 percent in both replacement and OE segments.

Read the full story at Markets-Economic Times →

More Asia

Beijing says 20% offshore insurance tax not new – and does not target Hong Kong

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EIH shares drop 6% after the announcement of Q1FY27 results

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Markets-Economic Times · 31m ago

Quote of the day by Philip Carret: "I’m an optimist, both as a person and an investor. It’s a big mistake to be pessimistic as long as we have a viable civilization which is reasonably well managed"

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