Business News

Business

Empowering Change: Day 2 Highlights from TOI Social Impact Summit on Food, Women, and Education

The TOI Social Impact Summit in Mumbai highlighted discussions on CSR, food security, women's rights, and education reforms, with keynotes on sustainable development and awards for...

Business

Gold Rush: RBI's Strategic Move to Bolster Forex Reserves with Half a Tonne Purchase

The Reserve Bank of India has significantly increased its gold reserves by purchasing half a tonne in June, highlighting gold's growing importance in India's forex strategy and its...

Business

Philips Faces a Challenging Q2: Sales Dip to €4.34 Billion Amidst 46.9% Net Income Fall

Philips reports a 2.8% sales decline to €4.34 billion in Q2 2025, with net income plummeting by 46.9%. The company maintains its sales growth forecast for 2025 and adjusts EBITDA e...

Business

Stellantis Faces Challenging H1 with 13% Revenue Drop to €74.3B Amid Market Headwinds

Stellantis N.V. reports a 13% drop in H1 2025 net revenues to €74.3B, with a net loss of €2.3B, compared to a €5.6B profit in 2024. CEO Antonio Filosa highlights gradual improvemen...

Business

AstraZeneca Surges Ahead: Q2 Revenue Jumps 12% to $14.5 Billion Amid Strategic Growth Plans

AstraZeneca announces a 12% increase in Q2 revenue to $14.5 billion, with product sales up by 11%. The company also reports a 27% rise in EPS to $1.58, alongside strategic investme...

Business

Barclays Reports Stellar Q2 Performance with a 14% Income Surge to £7.2 Billion

Barclays plc reports a 14% increase in Q2 2025 income to £7.2 billion, with profits before tax up 28% to £2.5 billion. The bank is on track with its three-year strategic plan, achi...

Business

Evergrande on the Brink: Delisting Looms as Hong Kong Trade Halt Expires

China Evergrande Group is facing delisting from the Hong Kong Stock Exchange as its 18-month trade suspension nears expiration, following its collapse and liquidation order. Once a...

Business

Rebellions AI Chip Startup Aims for $200M Funding and Billion-Dollar Valuation Before IPO

South Korean AI semiconductor startup Rebellions is seeking $200M in funding ahead of its IPO, with Samsung Electronics as a key investor. The company's valuation is expected to ex...