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US Threatens TSMC with Hefty $1 Billion Fine Over Alleged Huawei Sanctions Violation

The US may fine TSMC over $1 billion for allegedly violating sanctions by collaborating with Huawei on AI chips and smartphones, with investigations pointing to Sophgo as a potenti...

Business

India's Mobile Exports Soar Beyond Rs 2 Lakh Crore, Fueled by Apple's iPhone Dominance

India's mobile phone exports, led by Apple's iPhone, have exceeded Rs 2 lakh crore in fiscal 2024-25, growing by 54%. The government plans to double electronics exports in five yea...

Business

BPCL and Sembcorp Join Forces to Pioneer Green Hydrogen and Renewable Energy Projects in India

BPCL and Sembcorp have formed a joint venture to lead green hydrogen and renewable energy projects in India and globally, leveraging their combined expertise to meet climate goals ...

Business

Porsche Faces 8% Sales Dip in Q1 2025, Yet Electrified Vehicles Shine Bright

Porsche AG's Q1 2025 sales dropped by 8% to 71,470 vehicles, with significant declines in China and Germany. However, North America saw a 37% increase, and electrified vehicles mad...

Business

Amazon and Airbus Forge Groundbreaking Partnership for High-Speed Inflight Connectivity

Airbus and Amazon join forces to enhance inflight connectivity using Amazon's Project Kuiper satellites, aiming to deliver gigabit-speed internet to airlines and their passengers b...

Business

Daimler Truck Faces 8% Global Delivery Decline in Q1 2025 Amid Mixed Regional Performances

Daimler Truck AG reports an 8% decline in global Q1 2025 sales, with notable drops in Mercedes-Benz Trucks and North America units, while Asia and Buses segments show growth.

Business

Walgreens Q2 Fiscal 2025: A Surprising 3.9% Sales Jump to $38.6 Billion Despite Challenges

Walgreens Boots Alliance Inc. announced a 3.9% increase in Q2 fiscal 2025 sales to $38.6 billion, exceeding expectations. Despite a net loss, improvements were noted in cost manage...

Business

TSMC Faces Hefty $1 Billion Fine in US Over Alleged Huawei Sanctions Violation

TSMC could face a $1 billion fine from the US for allegedly violating sanctions against Huawei by collaborating on technology projects. The investigation suggests a possible link t...