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Business

Apple and Samsung Dominate: 94% of India's Smartphone Exports in 2024

In 2024, Apple and Samsung dominated India's smartphone exports, accounting for 94% of the market. The 'Made in India' smartphone shipments grew by 6%, with significant contributio...

Business

QXO to Acquire Beacon Roofing in a Monumental $11 Billion Deal

QXO has entered into a definitive merger agreement to acquire Beacon Roofing Supply, Inc. for $124.35 per share in cash, valuing the company at approximately $11 billion. The deal,...

Business

Indian Overseas Bank Initiates QIP to Secure Rs 2,000 Crore, Aiming to Reduce Government's Stake

Indian Overseas Bank (IOB) launches a QIP to raise Rs 2,000 crore, aiming to reduce the government's stake and comply with SEBI's MPS mandate. Additionally, the bank plans to issue...

Business

India Ensures Fiscal Stability for Oil Companies with New Law, No Windfall Tax Imposed

India's new Oilfields Bill ensures fiscal stability for oil and gas companies, eliminating new taxes like windfall profits tax to attract investment. The reform aims to boost domes...

Business

QXO Announces $11 Billion Acquisition of Beacon Roofing Supply, Inc.

QXO has entered into a definitive merger agreement to acquire Beacon Roofing Supply, Inc. for $124.35 per share in cash, valuing the company at approximately $11 billion. The deal ...

Business

Apple TV+ Struggles: $1 Billion Annual Losses Revealed Amidst Growth

Apple TV+ is reportedly incurring $1 billion in annual losses despite a $5 billion investment in content and a growing subscriber base. Budget cuts and a $6.99 monthly fee highligh...

Business

Adani Group Nears $1.5 Billion Deal to Acquire Emaar India: A Strategic Expansion

The Adani Group is in advanced talks to acquire Emaar India for $1.5 billion, marking a significant expansion into the real estate sector. Emaar India boasts a diverse portfolio ac...

Business

CG Power and Industrial Solutions Ventures into the Air Coolers Market with Innovative JetChill Technology

CG Power and Industrial Solutions, a Murugappa group company, has entered the air coolers market with its new range featuring JetChill Technology, aiming for faster cooling and enh...