Business News

Business

Canara Bank Achieves Stellar 28% Profit Surge to Rs 5,070 Crore in Q4, Marking a Financial Milestone

Canara Bank reports a 28% increase in net profit to Rs 5,070 crore in Q4, driven by growth in other income and recoveries. The bank proposes a 200% dividend and aims for a 10-11% l...

Business

India's Government Directs X to Block 8,000 Accounts: A Closer Look at the Controversial Move

X complies with Indian government orders to block 8,000 accounts, including those of international news organizations, amid concerns over lack of transparency and justification for...

Business

L&T Surpasses Expectations with a 25% Jump in Q4 Profits to Rs 5,497 Crore

Larsen & Toubro (L&T) reports a 25% increase in Q4 profits to Rs 5,497 crore, driven by higher revenues and record order inflows, highlighting its strong market position.

Business

Rural FMCG Demand Surges Ahead: How Countryside Consumption Outpaces Urban Growth

Rural FMCG demand outpaces urban growth, with rural volumes growing at 8.4% compared to urban's 2.6%. High inflation and a shift to e-commerce impact urban consumption, while the F...

Business

Coinbase Surges with 25% Revenue Growth in Q1 2025 Despite Missing Analyst Targets

Coinbase reports a 25% increase in Q1 2025 revenue to $2B, though net income fell sharply to $66M from $1.2B year-over-year. Subscription services revenue grew by 37%, and USDC sta...

Business

OpenAI Unveils ChatGPT GitHub Connector for Enhanced Codebase Analysis and Research

OpenAI announces a new ChatGPT tool for GitHub codebase analysis, enabling developers to access instant answers about code and engineering documents. Available soon for Plus, Pro, ...

Business

Lyft Surpasses Expectations with a 14% Revenue Jump to $1.45 Billion in Q1 2024

Lyft Inc. reports a 14% revenue increase to $1.45 billion in Q1 2024, beating estimates with a reduced net loss and growing active riders. The company also provides a positive outl...

Business

Senate Deadlock on Stablecoin Bill Sparks Fears of US Losing Digital Asset Leadership

The US Senate's failure to pass the GENIUS Act, aimed at regulating stablecoins, highlights challenges in digital asset legislation. Trump's involvement adds complexity, with warni...