Business News

Business

India's Economic Boom: Morgan Stanley Highlights Credit Growth, Consumer Demand, and Macro Tailwinds Amid Risks

Morgan Stanley's analysis forecasts India's emergence as a global economic powerhouse, driven by credit growth, consumer demand, and macro tailwinds, with potential risks from oil ...

Business

India's Services Sector Hits 11-Month Peak in July: Export Orders and Sales Fuel Growth Amid Slowing Job Creation

India's services sector reached an 11-month high in July, fueled by export orders and sales growth, despite a slowdown in job creation and rising prices. The HSBC India Services PM...

Business

Alcon Makes a Bold Move: Acquiring STAAR Surgical for $1.5 Billion to Revolutionize Eye Care

Alcon Inc. is set to acquire STAAR Surgical Company for $1.5 billion, including EVO vision correction lenses, to address the growing need for myopia treatments. The deal, expected ...

Business

Aramco Faces 22% Profit Drop in Q2 2025 Amid Falling Oil Prices, Misses Estimates

Saudi Aramco reports a 22% drop in Q2 2025 net income to $22.7 billion, missing estimates due to lower oil and product prices. Revenue decreased by 5% to $108.6 billion, with free ...

Business

Reflection AI Aims High: Seeking $1 Billion to Revolutionize Open-Source AI Technology

Reflection AI Inc. is seeking over $1 billion to expand its open-source AI efforts, aiming to compete with Meta and DeepSeek. The startup recently launched Asimov, an AI agent for ...

Business

Huawei Takes a Bold Step: Open-Sourcing Ascend AI Tools to Empower Developers Worldwide

Huawei has open-sourced its Ascend AI hardware enablement framework and Mind series tools, aiming to boost developer autonomy and innovation in AI. Announced at the Ascend Computin...

Business

BP Surprises Market with $1.6 Billion Q2 Profit Amidst Energy Sector Volatility

BP plc announces a remarkable Q2 profit of $1.6 billion for 2025, reversing last year's loss, with strategic projects and discoveries paving the way for future growth.

Business

UK Sees a 5% Drop in New Car Registrations in July Amid Shift Towards Electric Vehicles

In July, the UK experienced a 5% decrease in new car registrations, with gasoline vehicles leading but declining. Meanwhile, electric vehicles saw significant growth, with BEVs exp...