Newsmakers: Jet Airways earnings, Honda recalls bikes and more

Jet Airways logs profit in Q1 on lower fuel costs
Jet Airways said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a fall in fuel expenses and a one-time gain on sale and leaseback of engines. Mumbai-based Jet, country's second-largest carrier by market share, said net profit in the April-June quarter was at Rs 221 crore ($33.80 million), compared with a loss of Rs 218 crore the same quarter last year.

Wholesale inflation falls to historic low of -4.05%
The wholesale prices in the country fell to a historic low at a faster-than-expected annual rate of 4.05 per cent in July, their ninth straight decline and their lowest in at least a decade, mainly driven by weak food and fuel prices, government data showed on Friday. The wholesale price index-based (WPI) inflation for June stood at 2.40, the data showed.

Samsung unveils wider Galaxy S6 edge, Note phablet
Korean electronics giant Samsung has unveiled a bigger Galaxy S6 edge+ smartphone and new Galaxy Note phablet, which it plans to launch globally, including in India, over the next few months. To begin with, the company will roll out the two smartphones, which come with enhanced 5.7-inch screens, in the US and Canadian markets on August 21.

Exports fall for 8th month, down 10.3% in July
Contracting for the eighth month in a row, India's exports were down 10.3 per cent in July to $23.13 billion, hit by global slowdown and dip in crude oil prices which impacted the value of petroleum products. In July 2014, the merchandise exports had amounted to $25.79 billion. The last time exports registered a positive growth was in November, when shipments expanded at a rate of 7.27 per cent.

Honda recalls 13,700 units of 2 bike models in India
Honda Motorcycle and Scooter India is recalling 13,700 units of its CBR 150R and CBR 250R bike models, manufactured between July 2014 to June 2015, in India to rectify defective starter relay switch assembly. The exercise is part of a global recall by the company's Japanese parent Honda Motor Co.