Business News

Business

Clorox Files $380 Million Lawsuit Against Cognizant Over Devastating Cyberattack

Clorox sues Cognizant for $380 million over a cyberattack that disrupted its operations, alleging negligence in identity verification processes. The lawsuit highlights significant ...

Business

Global Central Bank Leaders Rally Behind Powell, Emphasizing Independence Amid Political Pressure

RBI governor Sanjay Malhotra supports US Fed chief Jerome Powell amid political pressure, stressing the importance of central bank independence for economic stability and inflation...

Business

Indian Pharma Companies Gain Unprecedented Access to UK's NHS Procurement Plan Through CETA

The India-UK Comprehensive Economic & Trade Agreement (CETA) enables Indian pharmaceutical companies to access the UK's NHS procurement program, estimated at $122 billion, marking ...

Business

Bank of Baroda Reports a Modest 1.9% Increase in Net Profit to Rs 4.5k cr in Q1 FY26

Bank of Baroda reports a 1.9% rise in net profit to Rs 4,541.4 crore in Q1 FY26, overcoming challenges from lower net interest income and higher provisions with strong deposit and ...

Business

SBI Cards Reports a 6.4% Decline in Q1 Net Profit Amid Rising Impairment Losses

SBI Cards reported a 6.4% decline in net profit to Rs. 556 crore for the June quarter, as higher impairment losses and bad debts offset revenue growth. Provisions rose 22.8% YoY to...

Business

Yali Capital Surpasses Funding Goals with a Record Rs 893cr Deep Tech Fund in Bengaluru

Bengaluru's Yali Capital exceeds funding targets with a Rs 893cr deep tech fund, aiming to invest in semiconductors, AI, robotics, and more, while also focusing on youth AI educati...

Business

RBI Grants Extension to IndusInd Bank's Interim Executive Committee Amid Leadership Transition

The RBI has extended the term of IndusInd Bank's interim executive committee until August 2025 or until a new CEO is appointed, following the resignation of the previous CEO over a...

Business

Exclusive: LVMH in Advanced Talks to Sell Marc Jacobs Brand for a Staggering $1 Billion

LVMH is in talks to sell Marc Jacobs for $1 billion, engaging with potential buyers like Authentic Brands Group, following a 4% revenue drop. The move reflects strategic adjustment...