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Business

Foxconn Eyes Nissan Acquisition for Electric Vehicle Expansion

Foxconn is reportedly considering acquiring Nissan to expand its electric-vehicle business, leveraging Nissan's expertise in car manufacturing and design. This move follows rumors ...

Business

Punjab & Sind Bank Secures Rs 3,000 Crore Through Inaugural Infrastructure Bonds

Punjab & Sind Bank raises Rs 3,000 crore through maiden infrastructure bonds to expand lending capabilities, receiving bids of Rs 6,031 crore. The bonds, with a 10-year tenure, wil...

Business

Instagram Poised to Dominate Meta's US Ad Revenue by 2025

Instagram is expected to account for more than half of Meta's US ad revenue by 2025, driven by its enhanced monetization strategies and the growing popularity of short-form videos ...

Business

Oatly Announces Closure of Singapore Plant, Impacting 34 Employees

Swedish beverage company Oatly announces closure of its Singapore plant in Senoko, affecting 34 employees. The decision aims to improve future cost structure and reduce capital exp...

Business

Google's AI Chips Threaten Nvidia's Dominance in the Market

Google's AI-powered TPU semiconductor could threaten Nvidia's dominance, says Omdia. The firm estimates Google's TPUs could account for $6bn-$9bn, taking share from Nvidia for the ...

Business

Unlock High Returns: Special FDs Offering Up to 8.10% Interest Rate

Special Bank FD schemes from Punjab and Sind Bank and IDBI Bank offer higher interest rates up to 8.10% until December 31, 2024. Learn about the specific tenure periods and enhance...

Business

Renault's Stock Surges on Potential Nissan-Honda Merger Talks

Renault's shares surged 6% as analysts highlight potential benefits from a Honda-Nissan merger. The automaker, Nissan's top shareholder, is open to merger talks with Honda, which c...

Business

Birkenstock Reports 22% Revenue Boost in Q4, Sets Ambitious Growth Targets

Birkenstock reports a 22% increase in Q4 revenue to €456 million, with full-year revenue up 21% to €1.8 billion. The company projects 15-17% growth for fiscal 2025.