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Business

India's Retail Inflation Dives to 3.61% in February, Marking First Sub-4% in Half a Year

India's retail inflation rate dropped to 3.61% in February 2025, the first time below 4% in six months, driven by lower vegetable prices. Economists predict inflation will stay bel...

Business

UniCredit Gains ECB Approval for Strategic 29.9% Stake in Commerzbank

UniCredit secures ECB approval to increase its stake in Commerzbank to 29.9%, marking a strategic move towards a direct investment. However, antitrust issues and regulatory approva...

Business

ICAI to Scrutinize IndusInd Bank's Financial Statements Over Alleged Rs 2,100 Crore Accounting Discrepancies

The Institute of Chartered Accountants of India (ICAI) is set to review IndusInd Bank's financial statements following the discovery of accounting discrepancies estimated at Rs 2,1...

Business

Foxconn Reports a 13% Decline in Q4 Net Income, Yet AI Server Business Shows Promising Growth

Foxconn announced a 13% decline in Q4 net income to $1.4 billion but forecasts over 100% growth in its AI server business for the next fiscal quarter, alongside a 17% revenue incre...

Business

BMW Faces a Challenging Year: Revenue Drops by 8.4% to €142.4B in 2024

BMW Group reported an 8.4% revenue drop to €142.4B in 2024, with net profit falling by 36.9%. Despite a 4% decrease in automotive deliveries, BMW is optimistic about future innovat...

Business

Daimler Truck Faces a 4% Revenue Dip in Q4 2024, Yet Exceeds Expectations

Daimler Truck reports a 4% revenue drop in Q4 2024 to €14.3B, exceeding expectations. Despite a 29% EBIT decline and a 36% EPS drop, incoming orders rose by 15%. The company foreca...

Business

Foxconn Reports a 13% Drop in Q4 Net Income, Yet AI Server Business Soars

Foxconn's Q4 2024 financial results show a 13% decline in net income to $1.4 billion, despite a 17% increase in revenue. The company anticipates significant growth in its AI server...

Business

BMW Faces a Challenging Year: Revenue Drops by 8.4% to €142.4 Billion in 2024

In 2024, BMW Group faced a challenging year with an 8.4% revenue drop to €142.4 billion, a 36.9% decrease in net profit, and a 4% decline in automotive deliveries. Despite these ch...