Business News

Business

Nvidia Faces Challenges in Restarting AI Chip Sales to China Amid Tight Supply and US Regulations

Nvidia warns Chinese buyers of tight H20 AI chip supply, seeks US licenses to restart sales, and plans a new chip compliant with export restrictions amid ongoing challenges.

Business

DFS Secretary Urges Banks to Strengthen Cyber Defenses Amid Rising Threats

Financial Services Secretary M Nagaraju warns banks to enhance cybersecurity measures against increasing cyber threats, highlighting the 'Code Against Malware' hackathon's role in ...

Business

India and EFTA Set to Launch Groundbreaking Trade Agreement This October, Announces Minister Goyal

The free trade agreement between India and the European Free Trade Association (EFTA) is set to take effect from October 1, 2024, promising USD 100 billion in investments and reduc...

Business

Yes Bank Reports Stellar Q1 Performance: A 59% Surge in Net Profit to Rs 801 Crore

Yes Bank showcases a 59% surge in Q1 net profit to Rs 801 crore, fueled by treasury gains and non-core income growth. CEO Prashant Kumar outlines cautious retail lending and antici...

Business

India's Crackdown on Online Betting: Meta and Google Under Scrutiny for Alleged Money Laundering

India's Enforcement Directorate investigates Meta and Google for alleged involvement in money laundering through online betting apps, with representatives summoned for questioning.

Business

Typhoon Wipha Forces Cathay Pacific to Cancel Flights as Storm Approaches Hong Kong

Cathay Pacific cancels flights due to Typhoon Wipha approaching Hong Kong, with delays and cancellations expected. The airline offers rebooking options, as the Hong Kong Observator...

Business

HSBC Expands Global Hunt for New Chairman Amidst High-Profile Declinations

HSBC Holdings plc faces challenges in selecting a new chairman from over 100 candidates, with high-profile executives declining offers. The bank may turn to its current board for l...

Business

India's Millet Standards Shine in Rome: A Leap Forward in Global Food Safety and Standard-Setting

India's millet grain standards received global praise at the Codex Alimentarius Commission meeting in Rome, highlighting its leadership in food safety. New standards for fresh date...