Business News

Business

Moody's Downgrades India's 2025 GDP Forecast to 6.1% Amid US Tariff Concerns

Moody's Analytics revises India's 2025 GDP growth forecast down to 6.1% due to potential US tariff impacts, with sectors like gems and jewellery facing significant challenges. The ...

Business

Byju's Founders Face Legal Battle in US Over Alleged $533 Million Fraudulent Transfer

Byju's Alpha sues its co-founders and a former executive in the US over an alleged $533 million fraudulent transfer. The founders deny the claims, accusing the lenders of conspirac...

Business

US Delays Basmati Rice Tariff Hike: A Lifeline for Indian Exporters and Trade Relations

The US has postponed a proposed tariff hike on basmati rice imports from India for 90 days, providing relief to exporters and allowing pending deals to be finalized. This move is s...

Business

Prada Secures a Landmark $1.4 Billion Acquisition of Versace, Reshaping Luxury Fashion Landscape

Prada's acquisition of Versace for $1.38 billion from Capri Holdings is set to redefine the luxury fashion industry, overcoming initial challenges and marking a strategic move for ...

Business

Delhi's Bold Move: Banning CNG Autos Sparks Fears for the Future of City Gas Sector

Delhi's draft electric vehicle policy proposes to stop registering new CNG autos and renewing old ones unless retrofitted, raising concerns over public transport chaos and the viab...

Business

EU Considers Lifting Import Duties on Chinese Electric Vehicles Amid Trade Tensions

The European Union and China are exploring the removal of import duties on Chinese electric vehicles, a move influenced by global trade tensions and the potential benefits of unres...

Business

Prada Secures a Landmark $1.38 Billion Acquisition of Versace, Setting a New Fashion Empire

Prada announces a definitive agreement to acquire Versace for $1.38 billion, a deal set to reshape the luxury fashion landscape by 2025. Despite initial hurdles, the merger promise...

Business

Amazon's AI Revenue Skyrockets: Triple-Digit Growth Signals a Tech Revolution

Amazon CEO Andy Jassy announces triple-digit growth in AI revenue, emphasizing AI's transformative potential and Amazon's commitment to innovation by cutting bureaucracy.