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  • Business News & EconomyUncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
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Business News

Chicago man sues US government over $30,000 damage after CBP raid

FinSiddhiAugust 6, 2026

A Chicago homeowner has sued the US government, alleging Customs and Border Protection officers entered his property without a warrant during an immigration operation in 2025. The lawsuit claims officers damaged his home, ignored requests to leave and violated his constitutional rights. The Department of Homeland Security says its officers acted within legal authority.

Business News

Wakefit reports Rs 23 crore net profit in Q1, revenue up 17%

FinSiddhiAugust 6, 2026

Founded in 2016, Wakefit initially focused on sleep-related products such as mattresses, pillows, and bed frames before expanding to a broader home portfolio including sofas, dining sets, wardrobes, study tables, and bookshelves.

Business News

Ixigo posts 13% rise in Q1 revenue, profit jumps 81% on bus business growth

FinSiddhiAugust 6, 2026

The Gurugram-based company reported revenue from operations of Rs 356.75 crore in the first quarter of FY27, up from Rs 316.05 crore a year earlier. Profit after tax rose to Rs 34.24 crore, compared with Rs 18.94 crore in the corresponding quarter last year, while gross transaction value (GTV) increased 19% on-year to Rs 5,524.33…

Business News

RBI bars banks from disabling mobile devices of defaulting borrowers

FinSiddhiAugust 6, 2026

Banks cannot disable borrower mobile phones and laptops for loan recovery. This new rule applies unless the devices themselves were financed by lenders. The Reserve Bank of India announced these regulations will take effect January 1, 2027. Banks must adopt a gradual approach when disabling devices, not immediately. Essential functions like incoming calls and emergency…

Business News

Emcure Pharma Q1 profit jumps 36%, revenue rises 23%; appoints Samit Mehta as COO

FinSiddhiAugust 6, 2026

“We have begun FY27, the second year of our five-year plan—on a strong footing. FY26 was about putting the building blocks in place across teams, portfolio, integration and operating discipline. FY27 is about delivery, and Q1 is an encouraging early signal,” said Satish Mehta, Managing Director and CEO Emcure Pharmaceuticals.

Business News

Dabur downplays USFDA warning, says India business unaffected; Silvassa plant continues operations

FinSiddhiAugust 6, 2026

Dabur says it has submitted a revised response to the USFDA outlining corrective measures to resolve the issues identified during the inspection.

Business News

Rollins Inc stock hits 52-week low at 36.58 USD

FinSiddhiAugust 6, 2026

Rollins Inc stock hits 52-week low at 36.58 USD

Business News

Consumers Energy declares quarterly preferred stock dividend

FinSiddhiAugust 6, 2026

Consumers Energy declares quarterly preferred stock dividend

Business News

Braveheart Bio shares surge 68% in New York trading debut

FinSiddhiAugust 6, 2026

Braveheart Bio shares surge 68% in New York trading debut

Business News

Collegium Pharmaceutical stock hits 52-week low at 30.11 USD

FinSiddhiAugust 6, 2026

Collegium Pharmaceutical stock hits 52-week low at 30.11 USD

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BOM 7.99 +0.00 +0.00%
TYO 14.61 +0.15 +1.06%
AAPL 312.41 +1.41 +0.45%
GOOGL 357.75 -4.68 -1.29%
MSFT 499.86 +12.40 +2.54%

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Business News

India, which once couldn’t make smallpox vaccine, has now crossed a pharma milestone the world can’t ignore

FinSiddhi August 7, 2026

2026 Independence Day: India’s pharmaceutical industry marks a historic milestone with a new drug approval. This achievement reflects decades of growth from importing medicines to global leadership. The nation now supplies a significant portion of the world’s generic medicines and vaccines. The Covid-19 pandemic further showcased the industry’s manufacturing capabilities globally. Government initiatives now aim…

Business News

Wynnstay expands Scottish fertiliser blending capacity

FinSiddhi August 7, 2026
Business News

Franchise Brands marks 10 years on London’s AIM market

FinSiddhi August 7, 2026
Business News

Innodata reports 58% revenue growth in second quarter 2026

FinSiddhi August 7, 2026

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