Business News

Business

ExxonMobil Reports Flat Annual Revenue at $83.1B in Q1 2025, CEO Highlights Strategic Growth

ExxonMobil Corp. reports a flat annual revenue of $83.1 billion for Q1 2025, with a 6% drop in net income to $8 billion. CEO Darren Woods emphasizes strategic growth and cost optim...

Business

Chevron's Q1 Earnings Plunge 36% to $3.5B Amid Legal and Tax Challenges

Chevron Corporation's Q1 2025 earnings fell by 36% to $3.5 billion, impacted by legal and tax challenges, despite nearly flat revenue. The company remains optimistic about future g...

Business

TikTok Slapped with a Hefty €350M Fine by Ireland for Unlawful Data Transfers to China

Ireland's DPC fines TikTok €350M for GDPR violations related to unauthorized data transfers to China, setting a six-month compliance deadline to avoid further sanctions.

Business

Maersk Announces Significant UK Inland Tariff Adjustments Effective June 1, 2025

Maersk announces an adjustment to UK inland transportation tariffs effective June 1, 2025, as part of its regular rate review process to sustain service quality and market capacity...

Business

Maersk Announces Significant Increase in UK Inland Transport Tariffs Effective June 2025

AP Moller—Maersk is set to increase its UK inland transportation tariffs from June 1, 2025, as part of its regular rate review to sustain service quality and market capacity....

Business

How India and Japan Could Emerge as Winners in the US-China Trade War: A Jefferies Analysis

A Jefferies analysis suggests India and Japan could benefit from the US-China trade war by securing better US trade terms, without harming their China relations. China warns of ret...

Business

S&P Downgrades India's GDP Growth Forecast Again Amid Trump's Tariff Uncertainty and Global Economic Concerns

S&P Global Ratings has downgraded India's GDP growth forecast for 2025-26 to 6.3%, citing Trump's tariff policies and global economic uncertainties. The RBI has also revised its gr...

Business

India's Bold Rs 22,919 Crore Initiative to Transform into a Global Electronics Components Powerhouse

India launches a Rs 22,919 crore PLI scheme to boost electronics component manufacturing, aiming to reduce import dependency and foster indigenous innovation, with potential to cre...