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Business

Moderna's Shares Dive 19%: A Closer Look at the 2025 Revenue Forecast Adjustment

Moderna Inc. revises its 2025 revenue forecast downwards to between $1.5 billion and $2.5 billion, citing a slow RSV vaccine rollout and decreased COVID-19 vaccine demand, leading ...

Business

BMW Faces 4% Sales Decline in 2024 Yet Electric Vehicle Sales Surge

In 2024, BMW Group reported a 4% decrease in vehicle deliveries but highlighted a significant 13.5% increase in fully electric vehicle sales, with notable growth in BMW, MINI, and ...

Business

India Joins Elite Top 25 Global Arms Exporters, Nirmala Sitharaman Reveals

India has achieved a significant milestone by becoming one of the top 25 arms exporters globally, as announced by Union Finance Minister Nirmala Sitharaman. This marks a substantia...

Business

December 2024 Sees Consumer Price Inflation Dip to Four-Month Low at 5.22%

Consumer price inflation in December 2024 fell to a four-month low of 5.22%, down from 5.48% in November, mainly due to lower food prices. The Reserve Bank of India adjusted its in...

Business

Vidya Wires Aims to Spark Growth with IPO: A New Chapter in Winding and Conductivity Industry

Vidya Wires, a leading manufacturer in the winding and conductivity sector, has filed for an IPO to raise Rs 320 crore. The funds will support new projects, debt repayment, and cor...

Business

India's Economic Horizon: Steady GDP Growth and Anticipated Rate Cuts to Bolster Corporate Credit in FY26

Fitch Ratings predicts India's steady GDP growth and expected interest-rate cuts in 2025 will improve corporate credit access in FY26, despite potential risks from energy prices an...

Business

GSK Announces Groundbreaking $1.15 Billion Acquisition of IDRx to Revolutionize GIST Treatment

GSK plc has agreed to acquire IDRx, Inc. for up to $1.15 billion, including a highly selective KIT tyrosine kinase inhibitor, IDRX-42, for GIST treatment, promising to address a si...

Business

Apple Faces 2% Drop in iPhone Sales in 2024 as Xiaomi and Vivo Surge Ahead

In 2024, Apple's iPhone sales dropped by 2%, reducing its global market share to 18%. Meanwhile, Xiaomi and Vivo saw significant growth. The smartphone market overall grew by 4%, w...