Business News

Business

RBI Urges States to Rationalize Subsidies Amid Farm Loan Waivers and Cash Transfers

The RBI warns against the growing trend of farm loan waivers and cash transfers, urging states to rationalize subsidies and focus on capital expenditure for sustainable economic gr...

Business

FedEx Q2 Revenue Dips 1% to $22B, Misses Estimates

FedEx Corp. reported a 1% decline in Q2 revenue to $22.0 billion, missing analysts' estimates. GAAP diluted EPS dropped 14.6% to $3.03, and net income was $740 million. The company...

Business

Rupee Hits 85/$ Mark Amid Fed's Rate Cut Uncertainty

The Indian rupee breached the 85 level against the US dollar due to the Federal Reserve's indication of fewer rate cuts, leading to dollar strength and concerns over RBI's response...

Business

Intel Narrows Down Potential Buyers for Altera Chip Division

Intel Corporation has reportedly shortlisted potential acquirers for its Altera chip division, with private equity firms and Lattice Semiconductor Corp. among the interested partie...

Business

CaixaBank Restores Online Services After Unexpected Outage

CaixaBank has restored its online banking services after a technical issue caused a temporary outage affecting millions of customers. The bank confirmed it was not a result of a cy...

Business

Syria's Largest Oil Refinery Shuts Down: A Glimpse into the Country's Energy Crisis

Syria's largest oil refinery, Baniyas, has stopped operations due to the suspension of crude oil supplies from Iran. The refinery, which processes between 90,000 and 100,000 barrel...

Business

Asia Healthcare Holdings Secures $150 Million Investment from GIC, Valued at $900 Million

Asia Healthcare Holdings (AHH) raises $150 million from GIC, valuing it at $900 million. GIC becomes the largest shareholder in the single-specialty healthcare platform. AHH aims f...

Business

Turkish Carrier Pegasus Airlines Places Massive Order for Boeing 737-10 Jets

Boeing announces that Turkish carrier Pegasus Airlines has ordered up to 200 737 MAX airplanes, including 100 firm orders of Boeing 737-10 jets and options for 100 more, reflecting...