Business News

Business

RBI's Strategic Rate Cut: A Bold Move Towards Economic Stimulus and Stability

The Reserve Bank of India's decision to cut the repo rate by 25 basis points to 6.25% aims to stimulate consumer spending and ensure financial system liquidity, reflecting a calibr...

Business

Novartis Strikes a $3.1 Billion Deal to Acquire Anthos Therapeutics

Novartis AG has agreed to acquire Anthos Therapeutics for up to $3.1 billion, with an upfront payment of $925 million and additional milestone-based payments. The deal, expected to...

Business

Indian Stock Market Opens Cautiously: Sensex and Nifty50 Show Minor Declines

The Indian stock market opened with minor declines in the BSE Sensex and Nifty50 amidst global market turbulence and domestic economic indicators. Experts suggest a shift in focus ...

Business

BYD Revolutionizes Smart Vehicles with DeepSeek-R1 AI Integration for Enhanced User Experience

BYD announces the integration of DeepSeek-R1 AI into its smart vehicles, enhancing reasoning abilities for better user interaction and introducing new standard configurations for a...

Business

Brazil Threatens US Tech Giants with Digital Tax in Retaliation for Trump's Steel Tariffs

Brazil considers imposing a digital tax on US tech platforms in response to Trump's steel tariffs, aiming to protect its industrial sectors and avoid a trade conflict, with discuss...

Business

Hyatt Expands Its Horizon: A $2.6 Billion Deal to Acquire Playa Hotels

Hyatt Hotels Corporation is set to acquire Playa Hotels & Resorts N.V. for $2.6 billion, aiming to expand its all-inclusive resort portfolio in Mexico and the Caribbean. This strat...

Business

Lyft to Revolutionize Urban Mobility with Mobileye-Powered Robotaxis by 2026

Lyft Inc. plans to launch a fleet of robotaxis powered by Mobileye's self-driving technology by 2026, starting in Dallas with plans for further expansion. Partnering with Marubeni ...

Business

UBS CEO Sergio Ermotti: China and Hong Kong Remain Central to Global Growth Strategy

UBS CEO Sergio Ermotti emphasizes the importance of China and Hong Kong as key growth markets for the bank, highlighting Asia's role as a major growth engine. The bank's strong fin...