Business News

Business

Global Auto Industry at Risk: India's Call for a National Strategy Amid China's Rare Earth Magnet Export Curbs

India's auto component industry is advocating for a national strategy to address the shortage of rare earth magnets, crucial for EV manufacturing, following China's export restrict...

Business

Government Mandates 15-Day Approval for Student Loans: A Push Towards Faster Education Financing

The Indian government has mandated public sector banks to approve education loans within 15 days, aiming to reduce delays and backlog. This initiative includes enhanced transparenc...

Business

Titan's Shares Plunge 5.5% Following Disappointing Q1 Update, Jhunjhunwala Family Loses Rs 900 Crore

Titan Company shares fell 5.5% after a weak Q1 update, causing a Rs 900 crore loss for the Jhunjhunwala family. The jewelry segment underperformed, with growth below expectations d...

Business

Daimler Truck Sets Ambitious Goal: 50% Free Cash Flow Surge by 2030 Amid Strategic Overhaul

Daimler Truck aims for a 50% increase in free cash flow by 2030, targeting over 12% ROS and 3-5% annual revenue growth, with a focus on zero-emission vehicles and market expansion.

Business

Public Provident Fund (PPF) Interest Rates Unchanged for Q2 2025: What Investors Need to Know

The government has kept PPF interest rates unchanged for Q2 2025, maintaining its appeal as a tax-efficient, long-term savings option with benefits like tax-free interest and flexi...

Business

Rishi Sunak Makes a Stunning Return to Goldman Sachs as Senior Adviser Post-Politics

Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser, his first major role post-politics. This move signifies a homecoming to where he started his...

Business

EDF Commits £1.1 Billion Investment in UK's Sizewell C Nuclear Plant, Securing a 12.5% Stake

EDF announces a £1.1 billion investment in the Sizewell C nuclear plant, securing a 12.5% stake. The deal includes a 15-year fuel production agreement with Urenco and a £5 billion ...

Business

Daimler Truck Unveils Strategic Overhaul: 5,000 Jobs in Germany to Be Cut by 2030 Amid Billion-Euro Savings Plan

Daimler Truck announces a strategic plan to cut 5,000 jobs in Germany by 2030, aiming to save over €1 billion. The focus is on the Mercedes-Benz Trucks division, with efforts to ac...