Business News

Business

India's Fiscal Deficit Soars to 17.9% of Annual Target in Q1 Amid Surging Government Expenditure

India's fiscal deficit hit 17.9% of the annual target in Q1 2025, doubling from the previous year, with government spending reaching Rs 2.8 lakh crore. Revenue collections and tran...

Business

Empowering Tamil Nadu's MSMEs: A Blueprint for Inclusive Growth and Global Dominance

Tamil Nadu's MSME sector is a cornerstone of India's economy, contributing significantly to GDP and employment. With innovative policies, global outreach, and a focus on technology...

Business

SAIL Announces Ambitious Rs 7,500 Crore Capex Plan for FY26 to Boost Steel Production Capacities

SAIL plans a Rs 7,500 crore capex in FY26 for capacity expansion, aiming for 35 MnT by 2030. With strong Q1 performance, the company is optimistic about growth amidst industry chal...

Business

Moderna Announces Strategic Workforce Reduction to Streamline Operations Amid Declining Vaccine Demand

Moderna Inc. plans to cut 10% of its global workforce to reduce operating expenses, targeting under 5,000 employees by year's end. This decision follows a $1 billion net loss in Q1...

Business

Mastercard's Q2 Earnings Soar: A 17% Revenue Jump to $8.1B Highlights Strong Financial Health

Mastercard Inc. reports a 17% increase in Q2 revenue to $8.1 billion, with net income up 14% to $3.7 billion. CEO Michael Miebach emphasizes strategic partnerships and innovation.

Business

Visa Revolutionizes Global Payments with Expanded Stablecoin and Blockchain Support

Visa Inc. expands its settlement platform to include additional USD-backed stablecoins, new blockchains, and a euro-backed stablecoin, aiming to transform global money movement wit...

Business

UK Government Boosts Ford's Electric Future with a £1B Export Guarantee

The UK government has pledged a £1 billion export guarantee to Ford Motor Company to support its transition to electric vehicle production, marking a significant step towards susta...

Business

Apple's Q3 Earnings Preview: Navigating Trade Pressures and Innovation for Growth

Apple Inc. is set to release its Q3 results amidst trade pressures and innovation, with analysts forecasting modest revenue growth. Political tensions and product launches, includi...