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Business

Uber Surpasses $11.5B in Q1 Revenue Despite Falling Short of Forecasts

Uber Technologies Inc. announced a 14% year-over-year revenue increase to $11.5 billion in Q1 2025, though it fell short of forecasts. Net income surged to $1.7 billion from a loss...

Business

Trump's Pharma Orders Threaten India's Dominance in Generic Drug Exports to the US

Indian pharmaceutical companies face potential disruptions in the US market due to President Trump's new orders promoting American-made prescription drugs, which could reshape glob...

Business

Punjab National Bank's Stellar Performance: Q4 Profits Jump 52%, Annual Earnings Double

Punjab National Bank (PNB) reported a 52% increase in Q4 net profit to Rs 4,567 crore, with annual profits doubling to Rs 16,630 crore. Asset quality improved, and the bank plans t...

Business

Apple Expands India Manufacturing: Jabil to Open Second Facility for AirPods Components Amid Global Shift

Jabil, Apple's AirPods enclosures supplier, plans to open a second facility in Tamil Nadu, India, to ramp up production. This move is part of Apple's strategy to reduce reliance on...

Business

Uber's Q1 Revenue Rises 14% to $11.5B, But Falls Short of Analyst Expectations

Uber Technologies Inc. announced a 14% year-over-year revenue increase to $11.5 billion in Q1 2025, falling short of analyst expectations. The ride-sharing giant continues to grow ...

Business

Disney Surpasses Q2 Expectations with a Stunning $23.6B Revenue, Streaming Services Flourish

Disney reports a 7% increase in Q2 revenue to $23.6 billion, surpassing expectations. Streaming services Disney+ and Hulu grow by 2.5 million subscribers, reaching 180.7 million co...

Business

OpenAI's Ambitious Stargate Project Aims for Global Expansion to Champion Democratic AI

OpenAI is expanding its Stargate project internationally to foster democratic AI, with plans for 10 projects in allied countries and a $500 billion investment, aiming to counter Ch...

Business

Tesla Faces a 6% Sales Drop in China Amid Rising Competition from BYD

Tesla's sales in China dropped by 6% in April, with 58,459 vehicles sold, as BYD reported a 20% increase. The competition heats up in China's electric vehicle market.