Business News

Business

Zomato's Profits Plummet by 78% Amidst Surging Expenses in Q4 Financial Report

Zomato's Q4 financial report reveals a 78% drop in net profit to Rs 39 crore, driven by increased expenses from investments in Blinkit, despite a rise in operational revenue to Rs ...

Business

Surge in Gold Loans: A 103% Jump Amid Slowing Credit Growth Signals Shifting Financial Trends

Indians are pledging more gold than ever, with outstanding bank loans against gold more than doubling in a year, even as overall bank credit growth slows. This surge is driven by R...

Business

Indian Auto Market Shakeup: Mahindra and Tata Motors Surge Past Hyundai in April Sales

Hyundai was overtaken by Mahindra & Mahindra and Tata Motors in April's sales, marking a significant shift in the Indian car market rankings. Mahindra's strong SUV lineup and new e...

Business

The Youthful Borrowers: How India's Credit Landscape is Transforming for the Younger Generation

India's credit landscape is witnessing a significant transformation, with younger generations entering the borrowing ecosystem much earlier than before. A study reveals a 21-year d...

Business

India's Services Exports Soar by 14% to a Historic $387.5 Billion Amid Global Demand Surge

India's services exports surged by 14% to a record $387.5 billion, driven by global capability centers and IT services. The RBI highlights significant growth in March exports and r...

Business

April Sees a Dip in UPI Payments Across India Due to Unexpected System Outages

In April, India's UPI payments saw a slight decline to 1,789 crore transactions from March's 1,830 crore, amidst system outages. Despite this, daily volumes hit a record, showcasin...

Business

Apple CEO Tim Cook Forecasts $900M Tariff Impact in Q2 Amid Global Trade Tensions

Apple CEO Tim Cook estimates a $900 million cost increase due to tariffs in the current quarter, with a notable shift towards iPhones being produced in India for the US market.

Business

Apple Surpasses Expectations with a 5% Revenue Jump to $95.4 Billion in Q2

Apple Inc. reported a 5% revenue increase to $95.4 billion in Q2 2025, beating expectations with product sales up 2.7% and services growing by 11%. Despite a slight miss in service...