Business News

Business

GAIL's First Quarter Profits Plummet by 30% Due to Shrinking Margins and Petrochemical Losses

GAIL's first quarter net profit fell by 30% due to widening losses in petrochemical business and lower gas marketing margins, with profits dropping to Rs 1,886 crore from Rs 2,724 ...

Business

Pony AI Accelerates Autonomous Future: 1,000 Robotaxis Set to Hit Roads Globally by Year-End

Pony AI Inc. is set to mass-produce 1,000 robotaxis by year-end, expanding its autonomous vehicle operations globally. Strategic partnerships with GAC, BAIC, and Toyota are key to ...

Business

Shell and Ares Infrastructure Forge Ahead with Major Solar Venture Across Four States

Savion Equity LLC, a Shell plc subsidiary, partners with Ares Infrastructure to form Tango Holdings, managing 496MW of solar projects across four states, aligning with Shell's rene...

Business

Massive Layoffs at TCS: A Harbinger of Wider IT Industry Turbulence and Transformation

TCS's layoff of 12,000 employees marks a pivotal moment for India's IT sector, reflecting global shifts towards efficiency and AI-driven specialization. The move has raised concern...

Business

Adani Total Gas Faces 8% Profit Drop in June Quarter Due to Rising Input Costs

Adani Total Gas experienced an 8% fall in June quarter net profit due to higher input costs from reduced supply of cheaper domestic gas. Net profit was Rs 162 crore, with natural g...

Business

Mazagon Dock Reports a Sharp 35% Drop in Q1 Profits Amid Rising Operational Costs

Mazagon Dock Shipbuilders reports a 35% drop in Q1 profits to Rs 452 crore, despite an 11.4% increase in revenue, highlighting the challenges and opportunities in India's shipbuild...

Business

LIC Expands Financial Strategy with $1 Billion in Forward Rate Agreements, Partnering with Global Giants JPMorgan and BofA

LIC has entered into $1 billion worth of forward rate agreements with JPMorgan and Bank of America, signaling a strategic shift towards sophisticated hedging instruments to protect...

Business

Google's Karan Bhatia Unveils US-India AI Partnership: A New Era of Global Tech Solutions

Karan Bhatia, Google's public policy chief, discusses the US-India partnership in AI, Google's investments in India, and the need for global AI regulation. He also shares insights ...