Business News

Business

Warren Buffett's Berkshire Hathaway Exits Citigroup, Adjusts Bank of America and Constellation Brands Stakes

Berkshire Hathaway, under Warren Buffett's leadership, has exited its Citigroup investment and adjusted stakes in Bank of America and Constellation Brands, signaling a strategic po...

Business

Virgin Galactic Reports Q1 Loss of $2.38 Per Share: What's Next for Space Tourism?

Virgin Galactic reports a Q1 loss of $2.38 per share, raising questions about the future of space tourism. The company's financial results and next steps are highly anticipated.

Business

Toyota Issues Major Recall for 443,000 Tundra Vehicles in US Over Safety Concerns

Toyota recalls 443,000 MY2022-25 Tundra and Tundra Hybrid vehicles in the US due to reverse lamp issues that could increase crash risks. Owners will be notified by mid-July for fre...

Business

Meta's Next-Gen AI 'Behemoth' Faces Delays Amid Internal Concerns Over Performance

Meta Platforms delays its next-gen AI model 'Behemoth' amid internal concerns over performance and strategic direction, with the release now expected in fall or later.

Business

Adani Group Terminates Partnership with China's DragonPass, Shaking Up Airport Lounge Access

The Adani Group has ended its partnership with DragonPass, a Chinese company providing airport lounge access, affecting services at several Indian airports. DragonPass customers wi...

Business

Indian Rupee Falls 22 Paise Against Dollar: Importers' Demand and FII Outflows to Blame

The Indian rupee dropped 22 paise against the US dollar, influenced by importers' demand and foreign fund outflows. Despite this, domestic equities and lower crude oil prices provi...

Business

Indian Trade Unions Delay National Strike to July 9, Citing India-Pakistan Conflict and Labor Rights

Central trade unions in India have postponed a nationwide strike to July 9, citing the India-Pakistan conflict and ongoing labor rights issues. The decision reflects a balance betw...

Business

India Stands Firm as a Global Smartphone Manufacturing Powerhouse Despite Trump's Criticism

India reaffirms its position as a competitive hub for smartphone manufacturing, countering US President Trump's criticism. Apple continues to expand its production in India, while ...