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Business

Unprecedented Discounts on Electric Vehicles Amid Rising Stockpiles

The electric vehicle market is experiencing a significant discount season due to stock pile-ups, cheaper components, and CAFE norms. Popular models like Nexon EV and XUV400 EV are ...

Business

Ford Motor's X Account Compromised: Pro-Palestine Messages Surface

Ford Motor Company's X account was compromised, displaying pro-Palestine messages including "ALL EYES ON GAZA," "Free Palestine," and "Israel is a terrorist state." The company qui...

Business

Venezuela Slaps TikTok with a $10M Fine Over Dangerous Viral Challenges

Venezuela's Supreme Court fines TikTok $10M for not preventing dangerous viral challenges, following the deaths of three teenagers. The fine will support a fund for victims, and Ti...

Business

Significant 13% Drop in NBFC Loan Sanctions Marks Q2 FY25 Challenges

In Q2 FY25, NBFCs experienced a 13% decline in loan sanctions, influenced by reductions in gold loans, loans against shares, and unsecured business loans. Urban areas saw a sharp 2...

Business

Adani Group Announces $2 Billion Exit from Wilmar Joint Venture

The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, aiming to bolster its core infrastructure business. This move ends the group's 25-y...

Business

MicroStrategy Continues Bitcoin Investment Spree with $209 Million Purchase

MicroStrategy Incorporated has made headlines by selling shares worth $209 million and using the proceeds to purchase approximately 2,138 bitcoins. This move highlights the company...

Business

Nvidia's $700M Acquisition of Run:ai Marks a New Era in AI Infrastructure

Israeli AI startup Run:ai Labs Ltd has been acquired by Nvidia for $700 million, a move that promises to significantly impact the AI infrastructure sector. Run:ai also plans to ope...

Business

ITC Hotels Expands Its Footprint with the Launch of Its 10th Property in Delhi NCR

ITC Hotels has expanded its presence in Delhi NCR by opening its 10th property, an 81-room hotel on the Delhi-Gurgaon Expressway. This strategic move, utilizing the asset right mod...