Samsung flags 56% fall in second quarter operating profit

Seoul: Samsung Electronics said Friday it expects operating profit to tumble 56 per cent for the second quarter of this year, in the face of a weakening chip market. Operating profits for the April to June period is forecast to reach around 6.5 trillion won (Dh20.4 billion), down 56 per cent from a year earlier, […]

India’s budget likely to hike spending to combat slumping growth

New Delhi: Indian Prime Minister Narendra Modi’s government on Friday will unveil a budget that is expected to cut taxes on business and raise spending in a bid to shore up consumption and faltering economic growth. Analysts say Modi, boosted by a sweeping election victory, hopes to use the budget to restart reforms and deal […]