Business News

Business

Aditya Birla Capital Reports a 2.6% Increase in Net Profit to Rs 675 Crore Amidst Robust Lending Growth

Aditya Birla Capital reported a 2.6% rise in standalone net profit to Rs 675.7 crore for the June quarter, with a 30% expansion in its lending portfolio. The company's digital plat...

Business

Kaynes Circuits Announces Groundbreaking Rs 4,995-Crore Electronics Hub in Tamil Nadu, Paving the Way for High-Tech Manufacturing

Kaynes Circuits India is investing Rs 4,995 crore to set up a state-of-the-art electronic component manufacturing facility in Thoothukudi, Tamil Nadu, aiming to boost the region's ...

Business

Samsung Electronics Launches Revolutionary AI Task Force to Transform Future Technologies

Samsung Electronics establishes InnoX Lab, an AI task force under its DX unit, aiming to revolutionize operational models, automation, and humanoid robotics, amidst financial chall...

Business

UBS Settles Landmark $300M Deal with DOJ Over Credit Suisse Tax Evasion Scandal

UBS Group AG has settled a $300 million deal with the DOJ over Credit Suisse's tax evasion scandal, covering all remaining obligations from a 2017 agreement. This follows Credit Su...

Business

Historic Strike at Boeing: 3,200 Workers Demand Respect and Dignity in Labor Deal

3,200 Boeing workers strike for the first time in 30 years, rejecting a four-year contract offer. The IAM Union demands respect and dignity, impacting F-47 fighter jet production.

Business

Disney, Palantir, and Biopharma Giants Set to Unveil Earnings: A Week of High Stakes

This week is packed with earnings reports from major companies including Disney, Palantir, and leading biopharma firms, offering insights into sector performances amidst current ec...

Business

BP Strikes Gold: Unveils Largest Oil and Gas Discovery in 25 Years Off Brazil's Coast

BP PLC announces its largest oil and gas discovery in 25 years off the coast of Brazil, located in the Santos Basin. This find supports BP's strategy to increase global upstream pr...

Business

Italy Slaps Shein with a €1M Fine for Misleading Eco-Friendly Claims

The Italian Competition Authority fines Shein €1M for misleading environmental claims, highlighting issues with its "eco-sustainable" collection and recycling claims.