Business News

Business

Petrobras Achieves Milestone with Abreu e Lima Refinery Expansion to 130,000 bpd

Petrobras has successfully expanded the Abreu e Lima Refinery's capacity to 130,000 bpd, a 13% increase, alongside announcing a major hydrocarbon discovery in the Campos Basin.

Business

S&P 500 Faces Steepest Quarterly Decline Since 2023 Amid Rising Trade War Fears

The S&P 500 is heading towards its worst quarter since 2023, impacted by new US tariffs on automakers and growing trade war anxieties, despite signs of robust economic growth. Mark...

Business

Boeing Elevates Matt Welch to CFO of Commercial Airplanes Division in Strategic Leadership Move

Boeing promotes Matt Welch to CFO of Commercial Airplanes, with Eric Hill succeeding him in Investor Relations. Brian West endorses the changes, highlighting Hill's investment bank...

Business

Amazon Cuts 200 Jobs in FBA Support Team as AI Takes Over Merchant Assistance

Amazon has laid off 200 employees from its FBA support team as it shifts towards AI-driven merchant assistance tools like Project Amelia, ensuring continued support for sellers.

Business

Historic Year for Indian Markets: Companies Shatter Records with Rs 3.8L Crore Raised in FY25

Indian companies set a new record by raising Rs 3.8 lakh crore in FY25 through equity and debt markets, highlighted by three mega IPOs. Despite a recent slowdown, the year marked u...

Business

Cognizant's AI Revolution: 12,000 Jobs Transformed, 14,000 Employees Return

Cognizant CEO Ravi Kumar reveals how AI and automation have freed up 12,000 jobs, with 14,000 former employees rejoining. Over 230,000 employees are now AI-trained, marking a signi...

Business

India's Finance Minister Denies US Pressure, Highlights Ongoing Customs Duty Reductions

Finance Minister Nirmala Sitharaman denies US pressure on customs duty reductions, emphasizing policy alignment with India's development goals. The government has rationalized cust...

Business

Lockheed Martin and Google Forge AI Partnership to Revolutionize Defense Technology

Lockheed Martin partners with Google Public Sector to integrate advanced generative AI into defense systems, aiming to enhance national security, aerospace, and science operations ...