On the strength of robust online advertising, Tencent Holdings' revenue increased by 11% in the second quarter, but it fell short of analysts' expectations due to continuing worries about China's economic recovery. The IT behemoth in China announced total revenue for the April to June quarter of 149.2 billion yuan ($20.6 billion).

Tencent's Q2 revenue growth misses expectations

In a major blow to Samsung, the global tech giant, its second-quarter operating profit has plummeted by a staggering 96% as it faces a chip glut crisis. The ongoing chip glut has severely impacted Samsung's key business, leading to this significant decline. With an estimated operating profit of $459 million, this marks Samsung's lowest profit for any quarter since 2009.

Samsung Q2 profits plunge 96%

After a dismal Q2, Snapchat parent company to sack nearly 1,300 employees

Snapchat's share tumble 25 per cent after dismal Q2 earning reports

India's GDP for June-September quarter falls to 4.5%, lowest in 6 years  

Current account deficit widens to 2.9% of GDP in Q2

India's second quarter GDP slips to 7.1 per cent

The RBI also kept the reverse repo rate unchanged at 5.75 per cent.

RBI keeps repo rate unchanged at 6 per cent

The world's second biggest economy grew 6.7 per cent year on year in April-June, slightly quicker than AFP forecast

China economy beats growth forecasts in Q2

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