Business News

Business

April Sees a Dip in UPI Payments Across India Due to Unexpected System Outages

In April, India's UPI payments saw a slight decline to 1,789 crore transactions from March's 1,830 crore, amidst system outages. Despite this, daily volumes hit a record, showcasin...

Business

Apple CEO Tim Cook Forecasts $900M Tariff Impact in Q2 Amid Global Trade Tensions

Apple CEO Tim Cook estimates a $900 million cost increase due to tariffs in the current quarter, with a notable shift towards iPhones being produced in India for the US market.

Business

Apple Surpasses Expectations with a 5% Revenue Jump to $95.4 Billion in Q2

Apple Inc. reported a 5% revenue increase to $95.4 billion in Q2 2025, beating expectations with product sales up 2.7% and services growing by 11%. Despite a slight miss in service...

Business

AIG Reports a 41% Drop in Q1 Net Income to $698M Amid Challenging Quarter

AIG announces a 41% slump in Q1 net income to $698M, with a slight per-share increase. Despite challenges, investment income grows, and shares hold steady.

Business

Mastercard's Q1 Earnings Soar: A 14% Revenue Jump to $7.3B Unveiled

Mastercard's first-quarter revenue jumps 14% to $7.3 billion, driven by cross-border transactions and payment volumes. Net income rises to $3.3 billion, with strategic partnerships...

Business

Apple Faces Challenges: Stock Slump, AI Delays, and Tariff Risks Ahead of Q2 Earnings

Apple prepares for Q2 2025 earnings amid a 15% stock slump, AI strategy delays, and geopolitical risks. Despite challenges, gains in Mac, iPad, and services may offset iPhone reven...

Business

Microsoft in Talks to Host Elon Musk's Grok AI on Azure, Sparking Potential OpenAI Tensions

Microsoft is reportedly preparing to host Elon Musk's Grok AI on Azure, a move that could enhance its AI offerings but may also spark tensions with OpenAI. The deal would allow dev...

Business

Amgen Surpasses Expectations with a 9% Revenue Surge to $8.1 Billion in Q1 2025

Amgen Inc. announced a 9% revenue increase to $8.1 billion in Q1 2025, surpassing estimates with a net income of $1.7 billion. CEO Robert Bradway highlights strong global demand an...