Business News

Business

Abbott Labs Surges with an 8.2% Profit Increase to $1.3B in Q1 2025

Abbott Laboratories reports a 4% revenue increase to $10.4 billion and an 8.2% rise in net earnings to $1.3 billion in Q1 2025, with CEO Robert Ford highlighting the strength of it...

Business

TSMC Announces Significant 30% Price Increase at US Foundries Due to Rising Operational Costs

TSMC is set to increase prices at its US foundries by 30%, citing higher operational costs. This could affect major tech companies like Apple and Nvidia, especially amidst tariff u...

Business

Abbott Labs Surpasses Expectations with an 8.2% Profit Increase in Q1 2025

Abbott Laboratories reports a significant 8.2% profit increase in Q1 2025, with revenues up to $10.4 billion. CEO Robert Ford highlights the company's diversified business model as...

Business

Spotify Clarifies: Recent Outage Due to Technical Issues, Not a Security Breach

Spotify addresses rumors by clarifying that a recent service outage was due to technical issues, not a security hack. The company is actively working to resolve the problem and res...

Business

Spotify Faces Widespread Outage: Thousands Report App and Playback Issues

Spotify experienced a major outage, with over 48,000 users reporting issues with app loading and playback. The company is investigating the widespread problems affecting mobile and...

Business

Wipro's Stellar Q4 Performance: A 25.9% Profit Surge Shadows Cautious Q1FY26 Outlook

Wipro announces a 25.9% surge in Q4 net profit but adopts a cautious stance for Q1FY26 due to global uncertainties. The company focuses on strategic growth and operational efficien...

Business

How India Emerges as the Surprise Victor in Trump's Trade War Against China

The US-China trade war is reshaping global supply chains, with India emerging as a key beneficiary. Apple's shift to Indian manufacturing highlights the country's growing appeal as...

Business

BluSmart's Strategic Shift Leaves Passengers Stranded: A Deep Dive into the Ride-Hailing Crisis

BluSmart, an EV ride-hailing company, is suspending services in key Indian cities, stranding passengers. The move is part of a strategic shift to Uber's platform amid financial and...