Business News

Business

AT&T Surpasses Expectations with a 0.9% Revenue Increase to $32.3B in Q4

AT&T Inc. announced a 0.9% year-on-year revenue increase to $32.3 billion in Q4 2024, surpassing expectations. Net income soared to $4.4 billion, with EPS rising to $0.56. CEO John...

Business

ASML Holdings Faces 8% Stock Drop Amid DeepSeek's AI Market Disruption

ASML Holding NV's stock dropped over 8% following the launch of DeepSeek's R1 model, a Chinese AI startup that has outperformed Western giants like OpenAI's ChatGPT in key metrics,...

Business

BHP's Ambitious Takeover of Anglo American Hits a Snag: Rising Costs and Market Dynamics

BHP Group Ltd. has halted its takeover plans for Anglo American due to the latter's increased stock price, making the acquisition too costly. This development comes as Anglo Americ...

Business

Nvidia Shares Plummet 8% Amid DeepSeek's AI Breakthrough Challenging Western Tech Supremacy

Nvidia's shares dropped 8% as DeepSeek, a Chinese AI startup, tops the Apple App Store in the US with its R1 model, challenging Western AI dominance and affecting tech stocks and c...

Business

Anglo American's Stock Tumbles 6% Amid BHP's Paused Acquisition Plans

Anglo American's stock fell 6% after BHP Group Ltd. paused its acquisition plans due to the recent surge in Anglo American's stock price. Despite the drop, Anglo American's stock h...

Business

India's Tech Sector Demands DeepTech Funding and Safe Harbour Reforms in Budget 2025

India's tech industry, represented by Nasscom, is advocating for a central deeptech fund, safe harbour rule adjustments, and ESOP tax deferment in the Union Budget 2025 to bolster ...

Business

Zoho Corp's Sridhar Vembu Steps Down as CEO to Pioneer AI Research and Rural Development

Sridhar Vembu steps down as Zoho Corp CEO to focus on AI research and rural development, with leadership changes announced to steer the company forward.

Business

BHP's Strategic Pause: The High-Stakes Decision to Halt Anglo American Takeover

BHP Group Ltd. has reportedly paused its plans to acquire Anglo American due to the latter's increased stock prices, making the takeover financially unfeasible. Anglo American's sh...