Samsung's Q4 Earnings Forecast: Operating Profit Drops 29%, Missing Market Expectations
Samsung Electronics forecasts a 29% drop in Q4 operating profit to 6.5 trillion won, missing market expectations, with sales projected at 75 trillion won.
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Microsoft Announces $3 Billion Investment in India to Enhance AI and Cloud Infrastructure
Microsoft CEO Satya Nadella announces a $3 billion investment in India to boost AI and cloud infrastructure, including new data centers and training 10 million people in AI skills ...
Electric Vehicle Sales Surge by 20% in 2024, Nearing 100,000 Units Amid Price Reductions
Electric vehicle sales in India saw a 20% increase in 2024, nearing 100,000 units, thanks to price cuts and new model launches. Despite infrastructure challenges, the EV market is ...
Government to Engage Tech Industry in Data Transfer Restrictions: Minister Ashwini Vaishnaw
IT Minister Ashwini Vaishnaw announces plans to consult with the tech industry and experts before implementing restrictions on transferring personal data outside India, aiming for ...
India's Economy Faces a Slowdown: GDP Growth Estimated at 6.4% in FY25
India's GDP growth for FY25 is estimated at 6.4%, a slowdown from the previous year's 8.2%, due to weaker manufacturing and investment. The agricultural sector, however, shows robu...
Government Aims to Meet Fiscal Deficit Target Through Strategic Spending Cuts
The Indian government plans to meet its fiscal deficit target of 4.9% of GDP by reducing spending, despite a slight decrease in nominal GDP estimates. Strategic spending cuts and c...
Banking Sector Braces for Impact: Rising Bad Loans Set to Undermine Profits by FY26
The banking sector is poised for a profitability decline by FY26 due to rising bad loans and higher credit costs, with unsecured retail loans identified as a major risk factor, acc...
Tata Motors' Punch Overtakes Maruti Swift as India's Best-Selling Car in 2024
Tata Motors' Punch has emerged as India's best-selling car in 2024, surpassing Maruti's Swift, highlighting a shift in consumer preference towards SUVs. The Punch's success is attr...
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