Business News

Business

AU Small Finance Bank Embarks on a Transformational Journey to Universal Banking with Mumbai Move

AU Small Finance Bank is transitioning to a universal bank under RBI's guidance, moving its headquarters to Mumbai and adopting a non-operative holding company structure to explore...

Business

Rolls-Royce Unveils Cutting-Edge Series 2000 G06 Engine in China, Pioneering Power Solutions for the Future

Rolls-Royce Holdings plc. launches the innovative mtu Series 2000 G06 engine in China, marking a milestone in power generation technology. This engine, produced by MTU Yuchai Power...

Business

Johnson Controls Unveils Massive $5 Billion Share Buyback Program Through 2026

Johnson Controls International PLC has announced a $5 billion share repurchase program, partnering with major banks, aiming to complete by Q2 2026, showcasing strong financial conf...

Business

Silver Lake Announces $400M Investment in AI Data Center Power Infrastructure

Silver Lake Technology Management LLC invests $400M in AI data center power infrastructure, aiming to harness 6GW in North America with projects in Texas and Georgia.

Business

Sam Altman Highlights Positive Talks with Microsoft Amid OpenAI's Public Listing Plans

OpenAI CEO Sam Altman discusses positive progress in talks with Microsoft, hinting at future public listing plans, while addressing Elon Musk's controversial comments about the par...

Business

India Firmly Denies Halting US Arms Negotiations Amid Rising Trade Tensions

India's Defence Ministry denied reports of pausing US arms purchases, calling them false. The denial follows US tariff hikes on Indian goods, with India insisting negotiations cont...

Business

Amazon's Kuiper Satellite Launch Faces Delay, Now Scheduled for August 9 or Later

Amazon delays its Kuiper satellite mission to August 9 or later, aiming to expand its low Earth orbit network with SpaceX's help. The project plans over 3,200 satellites across 80 ...

Business

Trump Administration Eyes Historic IPO for Fannie Mae and Freddie Mac, Potentially Valuing at $500 Billion

The Trump administration is preparing Fannie Mae and Freddie Mac for a potential IPO, aiming to raise $30 billion with a combined valuation of $500 billion. The plan includes selli...