Business News

Business

Vyome Holdings Merges with ReShape Lifesciences, Debuts as 'Hind' on Nasdaq

Vyome Holdings, a merger between Vyome Therapeutics and ReShape Lifesciences, debuted on Nasdaq as 'Hind' on India's 79th Independence Day, with Vyome shareholders owning 91.6% of ...

Business

Indian Oil Corporation's Q1 Profits Skyrocket to ₹5,689 Crore, Doubling Last Year's Figures

Indian Oil Corporation Ltd reports a standalone profit of ₹5,689 crore in Q1, doubling last year's figures, despite significant inventory losses, highlighting robust margins and op...

Business

Meta's Bold Leap: Fourth AI Restructuring in Six Months Unveils New Strategy

Meta Platforms is undergoing its fourth AI restructuring in six months, splitting its Meta Superintelligence Labs into four units, including a new TBD Lab, to focus on various AI-d...

Business

Tech Mahindra's Pininfarina Expands Empire: Acquires 84% Stake in Signature, Elevating It to Subsidiary Status

Pininfarina, under Tech Mahindra, has increased its stake in Signature to 84%, making it a subsidiary. This strategic acquisition aims to strengthen Pininfarina's market presence a...

Business

Finance Minister's Intensive 6-Month GST Revamp Effort: Nearly 50 High-Level Meetings Unveiled

Finance Minister Nirmala Sitharaman leads a 6-month GST revamp, conducting nearly 50 meetings to simplify processes, address complaints, and improve compliance, aiming for a more p...

Business

Mahindra & Mahindra Defies Slowdown Predictions, Bets Big on SUV Sales Surge

Mahindra & Mahindra remains confident in the sustained demand for SUVs despite global economic challenges, planning expansion and innovation with new models and strategic global ma...

Business

Explosion at US Steel Clairton Coke Works: Failed Gas Valve Identified as Cause

A failed gas valve during maintenance at US Steel Clairton Coke Works caused an explosion, with investigations ongoing to determine the full scope of the incident.

Business

SpaceX Targets Historic Starship Payload Deployment in Upcoming August 24 Flight Test

SpaceX is gearing up for its tenth Starship flight test on August 24, aiming for payload deployment and reentry experiments to advance reusable space technology, following upgrades...