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Business

August 2025 Bank Holidays: State-wise Closure Dates and Key Festivals Affecting Banking Services

August 2025 bank holidays include national and state-wise closures due to festivals like Independence Day, Janmashtami, and Ganesh Chaturthi. Plan your banking visits accordingly t...

Business

EU Sanctions Shake Russia-Backed Nayara Energy: Refinery Faces Operational Hurdles and Contract Terminations

Nayara Energy, a Russia-backed Indian refinery, faces operational and contractual challenges due to EU sanctions, including shipping contract terminations and IT service suspension...

Business

GSK Reports a Robust £8 Billion in Q2 Sales with Specialty Medicines Leading the Charge

GSK plc announced a 1% year-over-year sales increase to £8 billion in Q2 2025, with Specialty Medicines driving growth. Earnings per share and operating profit also saw significant...

Business

Santander Surges Ahead: Q2 Profits Climb 7% to €3.4B Amid Global Uncertainties

Banco Santander SA reports a 7% rise in Q2 profits to €3.4B, with a 12.8% increase in first-half profits to €6.8B, showcasing resilience amidst global uncertainties.

Business

Rio Tinto Reports a 22% Drop in Net Earnings to $4.5B in First Half of 2025 Amid Market Challenges

Rio Tinto faces a 22% drop in net earnings to $4.5B in H1 2025, with stable sales revenue at $26.9B. CEO highlights operational resilience and diversification as key to overcoming ...

Business

LG Energy Solution Lands Massive $4.3 Billion Deal for LFP Batteries with Mystery Giant

LG Energy Solution Ltd. has announced a $4.3 billion deal to supply lithium iron phosphate (LFP) batteries to an unnamed large corporation from 2027 to 2030, with potential extensi...

Business

Adidas Surges Ahead with a 2% Sales Increase in Q2, Despite US Tariff Challenges

Adidas AG reports a 2.2% increase in Q2 net sales to €5.95 billion, with significant growth in net income and EPS. Despite these gains, US tariffs pose challenges, potentially addi...

Business

Mercedes-Benz Faces Challenging Q2 with Revenue Dropping to €33.2B Amid Global Shifts

Mercedes-Benz Group AG announced a 9.5% drop in Q2 2025 revenue to €33.2 billion, with net income falling sharply to €957 million. CEO Ola Kaellenius highlights the importance of i...