Business News

Business

Oyo Postpones IPO Once More: SoftBank's Concerns and Market Turmoil Take Center Stage

Oyo Hotels delays its October IPO due to SoftBank's concerns and a challenging market, marking its third attempt since 2021 amidst investor caution and stakeholder complexities.

Business

Indian Overseas Bank Achieves Record 30% Net Profit Growth in Q4 FY25, Surpassing Rs 1,000-Crore Milestone

Indian Overseas Bank (IOB) reports a 30% growth in net profit for Q4 FY25, achieving a historic milestone by crossing the Rs 1,000-crore mark for the first time.

Business

Major Sportswear Giants Nike and Adidas Plead for Exemption from Trump's Tariffs

A group of 76 clothing and footwear brands, including Nike and Adidas, has requested exemption from President Trump's tariffs, warning of severe impacts on their businesses and pot...

Business

ExxonMobil's Q1 2025 Earnings Report: Flat Revenue at $83.1B Amid Strategic Growth

ExxonMobil reports a flat Q1 2025 revenue of $83.1B, with a 6% drop in net income to $8B. CEO Darren Woods discusses strategic growth and future projects aiming for $3B in earnings...

Business

TikTok Fights Back: Appeals EU's Hefty €350M Fine Over Alleged China Data Links

TikTok is appealing a €530 million fine by the EU over alleged data transfers to China, denying any such actions and emphasizing its commitment to user privacy under GDPR.

Business

Grand Theft Auto VI Release Pushed to May 2026: A Commitment to Unmatched Quality and Excellence

Take-Two Interactive delays GTA VI to May 2026, citing a commitment to quality and excellence. CEO Strauss Zelnick and Rockstar Games reassure fans of the game's potential to excee...

Business

Nvidia Innovates with Custom AI Chips for China, Navigating US Export Ban Challenges

Nvidia Corp. is developing custom AI chips for China to comply with US export bans, engaging with major tech firms like Alibaba and Tencent, with samples expected by June.

Business

Jeff Bezos Announces Plan to Sell Up to 25 Million Amazon Shares, Potentially Cashing Out $4.8 Billion

Jeff Bezos plans to sell up to 25 million Amazon shares, potentially worth $4.8 billion, amid market uncertainties and political tensions. Despite Amazon's strong Q1 2025 performan...