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Business

US Court Finds Byju's Guilty of Defrauding Lenders in a $533 Million Scandal

A US bankruptcy court has found Byju’s parent company and its associates guilty of defrauding lenders in a $533 million scandal. The case highlights breaches of fiduciary duties an...

Business

Tesla Accelerates into India: First Showroom Set to Open in Mumbai's Prestigious BKC

Tesla is making a significant entry into the Indian market by opening its first showroom in Mumbai's BKC, signaling a strategic move to tap into the growing demand for electric veh...

Business

India's Forex Reserves Surge by $5 Billion, Reaching a Staggering $641 Billion

India's forex reserves increased by $4.8 billion to $640.5 billion in the week ending February 21, recovering from a previous week's drop. This follows a period of decline due to r...

Business

EPFO Board Recommends Maintaining 8.25% Interest Rate for Current Financial Year

The EPFO board recommends maintaining an 8.25% interest rate for the current financial year, highlighting EPF as a preferred investment due to its higher, stable returns and tax-fr...

Business

Julius Baer Appoints Former HSBC CEO Noel Quinn as New Chairman

Julius Baer Group Ltd. announces Noel Quinn, former HSBC CEO, as its new non-executive chairman starting May 1, following Romeo Lacher's decision not to seek reelection. Richard Ca...

Business

TVS Indeon Boosts Production: A Leap Towards Sustainable E-Mobility Solutions

TVS Indeon, a Lucas TVS subsidiary, has expanded its battery pack production facility near Gummidipoondi, aiming to double daily output and meet the growing demand for lithium-ion ...

Business

Allianz Reports a Stunning 16% Revenue Surge in Q4, Reaching €45.9 Billion

Allianz SE announced a 16% revenue increase in Q4 2024, reaching €45.9 billion, with net income and EPS also seeing significant growth. The company reported strong performance acro...

Business

Major UK Banking Outage: Customers Struggle to Access Funds on Payday

On payday, major UK banks including Lloyds, Halifax, and Nationwide faced online banking disruptions, delaying payments and affecting customer access to funds. Banks are working to...