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BMW Plans 8,000 Job Cuts by End of 2027 Amid China Slump
BMW to cut 8,000 jobs by end-2027 via voluntary redundancy program. Move targets admin and R&D roles in Germany as China sales plunge 30% and competition intensifies.
Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
Adidas (ETR: ADSGn) Plunges 17% After Q2 Profit Misses Estimates Despite Record €6.74B Sales
Adidas shares plunged as much as 17.5% Thursday, its steepest drop in six years. The German sportswear maker posted record Q2 revenue of €6.74 billion. That figure beat estimates despite Adidas missing badly on operating profit. Operating profit rose just 5.1% to €574 million, below the €615.6 million forecast. Heavy marketing spending tied to the…
MCX Gold (GOLD) Rises 0.26% to ₹1,42,150 as Fed Holds Rates; Brent Crude Falls to $89.71, WTI at $83.78
MCX Gold rose 0.26% to ₹1,42,150 on July 30, 2026, after the US Federal Reserve held interest rates steady. The FOMC voted 9-3 to keep rates at 3.50%-3.75% for a fifth straight meeting. Brent crude fell 1.14% to $89.71 per barrel, while WTI slipped 0.81% to $83.78. Gold gained despite a stronger dollar and higher…
Redington Stock Soars 18% to 52-Week High After Q1 FY27 PAT Jumps 77%
Redington shares surged 18% to a 52-week high of ₹338.50 on July 30, 2026. The rally followed record Q1 FY27 results announced after market hours on July 29. Consolidated net profit jumped 77% year-on-year to ₹486 crore. Revenue rose 35% to ₹34,966 crore, marking the company’s highest-ever quarterly performance. Strong demand across cloud, cybersecurity, and…
KPIT Technologies (NSE: KPITTECH) Stock Plunges 8% After Q1 FY27 Earnings; Analysts Weigh In
On 30 July 2026, KPIT Technologies (NSE: KPITTECH) shares fell nearly 8% after the company reported weaker-than-expected Q1 FY27 earnings. Profit dropped as global automotive demand stayed weak and margins came under pressure, adding to investor concerns. The sharp decline in the stock price also led several brokerages to revisit their outlook. So, what caused…
Zhongji Innolight (HK:3308) Shares Drop 10% in Hong Kong Debut After $6.8 Billion IPO
On 30 July 2026, Zhongji Innolight (HK:3308) began trading on the Hong Kong Stock Exchange after raising HK$53.4 billion (US$6.8 billion) in the city’s biggest IPO of the year. The strong fundraising result was followed by a disappointing market debut, with the stock falling about 10% on its first day of trading. That decline caught…
Oil Prices Today: Brent Falls to $89.92, WTI Slips to $83.94 After 8% Rally on Iran Tensions
Oil prices eased on July 30, 2026, a day after one of the sharpest rallies in weeks. Brent crude slipped to $89.92 per barrel, down from Wednesday’s close of $90.74. WTI crude dropped to $83.94, retreating from $84.46. The pullback followed Brent’s 7.9% surge and WTI’s 6.6% jump on July 29, triggered by fresh US-Iran…
Sensex Today: Sensex Up 39 Points, Nifty Above 24,270 as Nifty IT Extends Rally for Fifth Straight Session
On July 30, 2026, India’s stock market remained steady as the Sensex rose 39 points and the Nifty traded above 24,270, despite pressure on global markets following the U.S. Federal Reserve’s latest interest rate decision. The biggest driver was the Nifty IT index, which extended its winning streak to a fifth straight session on the…