Business News

Business

Abbott Labs Reports Stellar 7.4% Sales Growth to $11.14 Billion in Q2 2025

Abbott Laboratories announces a 7.4% sales increase to $11.14 billion in Q2 2025, with operating earnings up by 23% and net earnings growing by 36.7%. CEO Robert B. Ford highlights...

Business

US Business Inventories Hold Steady in May, Showing Resilience Amid Economic Fluctuations

US business inventories remained unchanged in May at $2,656.7 billion, showing resilience. A 1.7% year-over-year growth was observed, with a slight decline in the inventories/sales...

Business

Wells Fargo Halts Employee Travel to China Amid Mysterious Exit Ban on Staff Member

Wells Fargo has suspended all staff travel to China after an employee, Chenyue Mao, was barred from leaving the country by Beijing. The reasons for the exit ban remain unclear, wit...

Business

Meta Executives Settle $8 Billion Lawsuit Over Cambridge Analytica Privacy Scandal

Meta executives, including Mark Zuckerberg, have settled an $8 billion lawsuit over the Cambridge Analytica privacy scandal. Shareholders accused them of violating FTC agreements b...

Business

SEC Grants Elon Musk More Time to Respond to Twitter Stake Disclosure Lawsuit

The SEC has extended Elon Musk's deadline to respond to a lawsuit accusing him of not properly disclosing his Twitter stock purchases before attempting to buy the company. The new ...

Business

Trump's 100% Tariff Threat on Russian Oil: Is India's Energy Security at Risk?

US President Donald Trump's threat of a 100% tariff on countries importing Russian oil puts India's energy security in the spotlight. With India heavily reliant on Russian crude, t...

Business

UIDAI Enhances Aadhaar Security: A New Era of Simplified and Safer Offline KYC Verification

UIDAI is enhancing offline Aadhaar-based KYC verification to improve security and user convenience, promoting QR codes and PDFs for easier access, and addressing privacy concerns w...

Business

Top Earners in India's Banking Sector: HDFC Bank CEO Leads with Rs 12 Crore in FY25

India's private bank CEOs saw modest pay increases in FY25 under RBI oversight. HDFC Bank's CEO led with Rs 12 crore, while others like Kotak Mahindra and Axis Bank CEOs also saw s...