Business News

Business

Indian Overseas Bank Achieves Record 30% Net Profit Surge in Q4 FY25, Breaking the Rs 1,000 Crore Barrier

Indian Overseas Bank (IOB) reported a 30% increase in net profit to Rs 1,051 crore in Q4 FY25, marking its first time crossing the Rs 1,000 crore mark. The bank also saw improvemen...

Business

ExxonMobil Reports Steady Q1 Revenue of $83.1B Amidst Earnings Dip: A Closer Look

ExxonMobil reports a stable Q1 revenue of $83.1 billion for 2025, with a 6% drop in net income to $8 billion. CEO Darren Woods discusses strategic optimizations and future projects...

Business

Grand Theft Auto VI Delayed to May 2026: Take-Two Commits to Unparalleled Quality

Take-Two Interactive delays Grand Theft Auto VI to May 2026, citing a commitment to quality and exceeding fan expectations. The company remains optimistic about its growth outlook.

Business

TikTok Fights Back: Appeals EU's Hefty €350M Fine Over Alleged China Data Links

TikTok announces its appeal against a €530 million EU fine for alleged GDPR violations, denying any transfer of European user data to China. The company vows to challenge the decis...

Business

Nvidia Innovates with Custom AI Chips for China, Navigating US Export Restrictions

Nvidia is developing custom AI chips for China to comply with US export bans, informing major clients like Alibaba and Tencent. CEO Jensen Huang announced the initiative in Beijing...

Business

RBI Slaps Heavy Penalties on ICICI Bank, Bank of Baroda, and Others for Regulatory Non-Compliance

The Reserve Bank of India has imposed penalties on ICICI Bank, Bank of Baroda, and two other lenders for failing to comply with regulatory directives, emphasizing the importance of...

Business

ExxonMobil Reports Flat Q1 Revenue at $83.1B Amid Strategic Growth and Cost Reduction Efforts

ExxonMobil reports flat Q1 revenue at $83.1 billion with a 6% drop in net income. CEO Darren Woods discusses strategic cost reductions and future projects expected to boost earning...

Business

TikTok Challenges EU's Hefty €530M Fine Over Alleged Data Privacy Violations

TikTok is set to appeal a €530 million fine by the EU over alleged GDPR violations related to data transfers outside Europe, denying any sharing of European user data with Chinese ...