Business News

Business

Apple Reevaluates India iPhone Expansion Strategy Amid US-China Tariff Truce

Apple is temporarily reviewing its plans to scale up iPhone production in India for the US market amid the US-China tariff truce, while continuing its broader China+1 diversificati...

Business

Nvidia Secures a 7% Stake in CoreWeave, Signaling Strong Confidence in Cloud Computing Future

Nvidia Corporation has acquired a 7% stake in CoreWeave, as disclosed in an SEC filing, owning 24,182,460 shares. This investment follows CoreWeave's 420% annual revenue jump post ...

Business

Warren Buffett's Berkshire Hathaway Exits Citigroup, Adjusts Bank of America and Constellation Brands Stakes

Berkshire Hathaway, under Warren Buffett's leadership, has exited its Citigroup investment and adjusted stakes in Bank of America and Constellation Brands, signaling a strategic po...

Business

Virgin Galactic Reports Q1 Loss of $2.38 Per Share: What's Next for Space Tourism?

Virgin Galactic reports a Q1 loss of $2.38 per share, raising questions about the future of space tourism. The company's financial results and next steps are highly anticipated.

Business

Toyota Issues Major Recall for 443,000 Tundra Vehicles in US Over Safety Concerns

Toyota recalls 443,000 MY2022-25 Tundra and Tundra Hybrid vehicles in the US due to reverse lamp issues that could increase crash risks. Owners will be notified by mid-July for fre...

Business

Meta's Next-Gen AI 'Behemoth' Faces Delays Amid Internal Concerns Over Performance

Meta Platforms delays its next-gen AI model 'Behemoth' amid internal concerns over performance and strategic direction, with the release now expected in fall or later.

Business

Adani Group Terminates Partnership with China's DragonPass, Shaking Up Airport Lounge Access

The Adani Group has ended its partnership with DragonPass, a Chinese company providing airport lounge access, affecting services at several Indian airports. DragonPass customers wi...

Business

Indian Rupee Falls 22 Paise Against Dollar: Importers' Demand and FII Outflows to Blame

The Indian rupee dropped 22 paise against the US dollar, influenced by importers' demand and foreign fund outflows. Despite this, domestic equities and lower crude oil prices provi...