Business News

Business

Adani Group Halts $10 Billion Chip Venture Talks with Israel's Tower Semiconductor Amid Viability Concerns

The Adani Group has paused discussions with Israel's Tower Semiconductor on a $10 billion chip manufacturing venture in India due to viability concerns. This move challenges India'...

Business

Lockheed Martin and Rheinmetall Forge Strategic Alliance to Boost Europe's Defense with Missile Production

Rheinmetall AG and Lockheed Martin Corporation are expanding their partnership to produce missiles in Europe, aiming to enhance the continent's defense capabilities. The project, c...

Business

GE HealthCare Surpasses Expectations with a 3% Revenue Increase to $4.8 Billion in Q1

GE HealthCare reports a 3% revenue increase to $4.8 billion in Q1 2025, surpassing expectations with a 50.8% jump in net income to $564 million. The company also announces a $1 bil...

Business

Microsoft Unveils Strategic Digital Commitments to Enhance Europe's Tech Landscape

Microsoft announces five digital commitments to Europe, focusing on AI, cloud ecosystems, cybersecurity, and data privacy, while also emphasizing the importance of trans-Atlantic e...

Business

Novartis AG Set to Acquire Regulus Therapeutics in a Groundbreaking $1.7 Billion Deal

Novartis AG announces a strategic acquisition of Regulus Therapeutics Inc. for up to $1.7 billion, aiming to bring innovative treatments like farabursen to patients with ADPKD. The...

Business

Intel Faces Leadership Shake-Up as Chief Commercial Officer Christoph Schell Announces Resignation

Intel's Chief Commercial Officer Christoph Schell resigns to pursue another career opportunity, marking the second significant leadership change after the appointment of new CEO Li...

Business

Airbus Soars with a 6% Revenue Jump to €13.5 Billion in Q1 2025

Airbus SE reports a 6% revenue increase to €13.5 billion in Q1 2025, with net income up by 33%. CEO Guillaume Faury highlights progress amidst supply chain challenges.

Business

Amul Announces Rs 2 Per Litre Milk Price Hike Effective May 1 Amidst Heatwave

Amul has announced a Rs 2 per litre price hike for its milk products effective May 1, 2025, citing a routine market review. This follows Mother Dairy's similar move due to the heat...