business news
By Mahendra Singh The trade ties between India and the United States have grown into a vital economic partnership, but recent moves by U.S. President Donald Trump—imposing hefty tariffs and urging Apple to ditch plans for Indian factories—have stirred the waters. As India emerges as a global manufacturing hub, particularly for smartphones, the stakes are … Read more
New Delhi, India – India’s wholesale price index (WPI)-based inflation eased to a 13-month low of 0.85% in April 2025, down significantly from 2.05% in March, driven by a sharp decline in food and fuel prices, according to data released by the Ministry of Commerce and Industry on Wednesday. This marks the lowest WPI inflation … Read more
TOKYO – Japanese technology conglomerate SoftBank Group Corp. reported a staggering 124% increase in quarterly profit, fueled by robust valuations in tech startups and resilient demand for artificial intelligence (AI). The company announced a net income of ¥517.18 billion ($3.5 billion) for its fiscal fourth quarter, driven by gains from its Vision Fund and investments in companies … Read more
Skechers acquired by 3G Capital in a $9 billion deal, taking the footwear giant private after 26 years on the NYSE. Learn about the acquisition terms, stock surge, and future leadership. In a landmark move for the footwear industry, Skechers U.S.A., Inc., the third-largest footwear company in the world, has agreed to be acquired by … Read more
A Shocking Cost Surge for the Tech Giant Imagine shelling out an extra $900 million just to keep your business running smoothly. That’s the reality Apple is facing this quarter, as CEO Tim Cook dropped a bombshell during the company’s latest earnings call. U.S. tariffs, sparked by President Trump’s trade policies, are set to slam … Read more
Mumbai, May 2, 2025 – Mahindra & Mahindra (M&M) has solidified its position as India’s second-largest passenger vehicle (PV) manufacturer, overtaking rivals Hyundai Motor India (HMIL) and Tata Motors in April 2025 sales, according to industry reports. The automaker’s robust SUV lineup drove this milestone, even as the Indian auto market displayed uneven results at … Read more
Tesla’s board of directors has reportedly begun a search for a new chief executive officer to replace Elon Musk, according to a report by The Wall Street Journal. The move comes amid concerns over Musk’s divided focus, as he balances leadership of Tesla with significant involvement in the Trump administration’s Department of Government Efficiency (DOGE) … Read more
Walmart has announced a sweeping plan to remodel more than 650 stores across 47 states and Puerto Rico in 2025, rolling out its ambitious “Store of the Future” concept to millions of shoppers nationwide. The initiative, part of a multi-billion dollar investment, aims to deliver a more modern, convenient, and engaging shopping experience for customers. The … Read more
The U.S. economy contracted by 0.3% in the first quarter of 2025, marking its first decline in three years, according to the Commerce Department’s Bureau of Economic Analysis. The downturn, reported on Wednesday, was driven largely by a record surge in imports as businesses rushed to stockpile goods ahead of President Donald Trump’s aggressive tariff … Read more
Stock markets are at the heart of the global economy, powering businesses and shaping wealth in 2025. From New York’s Wall Street to Mumbai’s financial hubs, these markets are where companies and investors meet. But what is a stock market, how many are there, and which ones lead the world? In this explainer, The Interview … Read more
In a landmark move for the automotive industry, Waymo, Alphabet’s autonomous vehicle powerhouse, and Toyota Motor Corp., the world’s largest automaker by sales, have announced a preliminary partnership to integrate self-driving technology into personal cars. This collaboration, revealed on April 30, 2025, aims to redefine road safety and mobility by combining Waymo’s cutting-edge autonomous driving … Read more
GUANGZHOU, China – As China’s economy continues to be a global powerhouse, its major trade fairs serve as critical hubs for international traders seeking to source goods, forge partnerships, and tap into one of the world’s largest markets. These events, held across cities like Guangzhou, Shanghai, Beijing, and Yiwu, draw hundreds of thousands of exhibitors … Read more
Bitcoin’s relentless rally has entered a new phase as U.S. spot Bitcoin exchange-traded funds (ETFs) recorded an unprecedented $3 billion in net inflows over the past week, propelling the cryptocurrency’s price near the $95,000 mark. This surge in institutional investment marks the strongest week for Bitcoin ETFs since March and signals renewed confidence in digital … Read more
Phoebe Gates, the youngest daughter of Microsoft co-founder Bill Gates and philanthropist Melinda French Gates, is making waves in the tech and fashion industries with the launch of her innovative AI-powered shopping app, Phia. Co-founded with her former Stanford roommate and climate activist Sophia Kianni, Phia went live on April 24, 2025, and is already being hailed … Read more
Mumbai, India – April 27, 2025 – Mahindra & Mahindra Ltd. (M&M), a leading Indian automaker renowned for its SUVs and tractors, has announced a strategic acquisition of a 58.96% stake in SML Isuzu Ltd. for ₹555 crore (approximately $65 million). This move is set to strengthen M&M’s position in India’s fast-growing commercial vehicle (CV) … Read more
In a dramatic turn of events, gold prices in India have taken a significant hit, tumbling from a record high as global economic dynamics shift. The decline, observed in the past week, has been primarily driven by a stronger US dollar and easing trade tensions between the United States and China. Meanwhile, silver prices have … Read more
Alphabet Inc., the parent company of Google, reported a stellar first quarter in 2025, with advertising revenue driving significant growth. The company announced total revenue of $90.2 billion, a 12% increase from the previous year, exceeding Wall Street’s expectations of $89.12 billion. The robust performance, fueled by Google Search advertising and bolstered by Alphabet’s advancements … Read more
In a significant shift from its pandemic-era flexibility, Google has issued an ultimatum to some of its remote employees: return to the office for at least three days a week or face potential job loss. The directive, detailed in internal documents obtained by CNBC, targets employees in divisions such as Google Technical Services and People … Read more
Norway’s sovereign wealth fund, the world’s largest with $1.7 trillion in assets, reported a staggering $40 billion loss in the first quarter of 2025, driven by a sharp decline in technology stocks. The fund, managed by Norges Bank Investment Management (NBIM), faced its biggest quarterly loss in 18 months, highlighting the volatility of global markets. … Read more
In a bold move to shield its steel industry, India has imposed a 12% provisional safeguard duty on certain steel imports, effective April 21, 2025. The decision, announced by the Ministry of Finance, aims to curb the influx of low-cost steel from countries like China, South Korea, and Japan, which has been flooding the Indian … Read more