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, Snap Inc., the parent company of photo-sharing platform Snapchat is reportedly planning to slash its workforce by 20 per cent. The company houses more than 6,400 employees which means that over 1,300 could be given the boot in the coming days.

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

The shares of Snap Inc. the parent company of photo-sharing platform Snapchat fell as much as 25 per cent after the social media company reported disappointing second-quarter results.

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

India's Gross Domestic Product (GDP) growth for quarter 2 (Q2) slipped to a six-year low, government data showed on Friday. At 4.5 per cent, India's Q2 GDP for the June-September quarter slipped from 5 per cent in the previous quarter of the current fiscal year.

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

India's current account deficit (CAD) widened to 2.9 per cent of the GDP in the second quarter of the fiscal compared to 1.1 per cent in the year-ago period, mainly due to a large trade deficit, the RBI said Friday.

Current account deficit widens to 2.9% of GDP in Q2

India recorded its second quarter(Q2) GDP at 7.1 per cent which was slower than the last quarter. The latest figures show it was up from 6.3 per cent a year ago, however it was slower than the first quarter which recorded 8.

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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