Business News

Business

GPT-5 Set to Revolutionize Coding and Reasoning with Major AI Breakthroughs

OpenAI's GPT-5 is making waves with its advanced capabilities in software engineering and reasoning, promising a significant leap forward in AI technology. Early tests show it outp...

Business

Sharp Decline in Hiring at Major IT Firms: Unraveling the Slowdown in India's $283-Billion Outsourcing Industry

The June quarter revealed a sharp 72% decline in hiring at India's top IT firms, signaling a significant slowdown in the $283-billion outsourcing industry. This trend is attributed...

Business

How Digital Tax Tools Are Transforming Financial Compliance Across India's Urban and Rural Divide

Digital tax platforms like FixMyTax are simplifying financial compliance in India, especially for rural and semi-urban areas, by combining digital services with expert support. The...

Business

Setu, Pine Labs' Subsidiary, Enhances Leadership Team with Top Executives to Accelerate Financial Innovation

Setu, a Pine Labs subsidiary, has enhanced its leadership team with senior executives from Razorpay and other fintech leaders to scale its API-led financial services platform, aimi...

Business

India Signals Thaw in Relations with China, Opens Doors to Electronics Sector Investments

India is easing relations with China, opening up to Chinese investments in the electronics sector. With China leading global electronics manufacturing, collaborations like Dixon Te...

Business

Volkswagen Faces a 3% Dip in Q2 Sales Revenue to €80.8B Amidst Market Challenges

Volkswagen Group's Q2 sales revenue fell by 3% to €80.8 billion, with a notable 36.3% drop in earnings after tax. Despite challenges, the operating margin met expectations, signali...

Business

Eni Reports a 18% Drop in Q2 Net Profit Amid Challenging Economic Climate

Eni S.p.A. reports an 18% decline in Q2 net profit to €543M, with operating profits and sales also dropping. CEO Claudio Descalzi highlights the company's resilience and strategic ...

Business

NatWest Group Reports a Stunning 9.5% Income Growth to £4 Billion in Q2 2025

NatWest Group plc reported a 9.5% increase in total income to £4 billion in Q2 2025, with profits and shareholder value also rising. The bank upgraded its FY2025 financial outlook,...