Business News

Business

UGRO Capital Reports a 12% Surge in Q1FY26 Net Profit, Reaching Rs 34 Crore

UGRO Capital reports a 12% increase in net profit to Rs. 34.1 crore in Q1FY26, driven by higher income and stable portfolio quality. The company also saw significant growth in tota...

Business

Gildan Activewear Nears Historic $5 Billion Takeover of Hanesbrands Amid Market Challenges

Gildan Activewear is close to acquiring Hanesbrands in a $5 billion deal, as the latter faces sales declines and investor pressure. The acquisition could redefine the apparel indus...

Business

Scania AB to Export Half of China-Built Trucks Globally, Eyeing Market Expansion

Scania AB announces plans to export half of its China-built trucks globally from October, aiming to strengthen its market position and support China's heavy vehicle industry modern...

Business

Bayer and Kumquat Biosciences Forge Historic Partnership to Pioneer Revolutionary Cancer Treatment

Bayer AG and Kumquat Biosciences Inc. have announced a collaboration to develop a new cancer drug, focusing on a KRAS G12D inhibitor. The partnership could see Kumquat receiving up...

Business

Ford Issues Major Recall for Over 100,000 F-150 Trucks Due to Critical Axle Bolt Safety Issue

Ford Motor Company recalls 103,174 F-150 trucks in the U.S. due to a safety issue with the axle hub bolt that could increase crash risks. The recall covers certain 2023-2025 models...

Business

TSMC Announces Massive $10 Billion Investment in Subsidiary to Cut Costs

TSMC plans a $10 billion capital injection into its subsidiary, TSMC Global, to reduce foreign exchange hedging costs, alongside approving Q2 2025 financials and a cash dividend.

Business

Google and NTT Data Forge Global Alliance to Revolutionize Corporate Tasks with AI Agents

NTT Data Group and Google announce a global partnership to develop over 50 AI agents for corporate tasks, including marketing and call center operations, ensuring data security wit...

Business

Tencent Music Soars: Q2 Revenue Jumps 18% to $1.2B Amid Subscription Boom

Tencent Music Entertainment Group announced an 18% revenue increase to $1.2 billion in Q2 2025, driven by subscription growth and diversified monetization. Net income rose by 43.2%...