Business News

Business

Wipro's Q3 Profit Surges by 24.4%, Announces Rs 6 Dividend and New Capital Strategy

Wipro announces a 24.4% increase in Q3 profits, introduces a new capital allocation policy aiming for a 70% payout ratio, and declares an interim dividend of Rs 6 per share, showca...

Business

Despite Declining Sales Volumes, Indian Truck Industry Sees a Surge in Load Capacity

Despite a 12% drop in sales from 2018-19, the Indian heavy duty truck industry experiences a rise in payload capacity due to a shift towards higher payload trucks. The market sees ...

Business

India's Forex Reserves Witness a Sharp Decline: A Closer Look at the $8.714 Billion Drop

India's foreign exchange reserves have dropped by $8.714 billion to $625.871 billion, as reported by the RBI. The decline is attributed to revaluation and the RBI's interventions i...

Business

Cummins Plans to Revolutionize India's Energy Sector with Battery Pack Manufacturing

Cummins, in partnership with the Tata Group, is set to manufacture battery packs in India, marking a significant step towards sustainable energy. This initiative is part of Cummins...

Business

India's Budget Session 2023: Key Dates and Expectations Unveiled

The Indian Parliament's Budget Session for 2023 is set to begin on January 31, with Finance Minister Nirmala Sitharaman presenting the budget on February 1. The session includes th...

Business

EU Intensifies Investigation into Elon Musk's X Corp Under New Digital Services Act

The European Commission has announced an intensified investigation into Elon Musk's X Corporation under the Digital Services Act, demanding transparency and documentation to ensure...

Business

SLB Reports a 3% Revenue Increase to $9.3 Billion in Q4 2024

SLB announced a 3% revenue increase to $9.3 billion in Q4 2024, with a 10% annual growth to $36.3 billion. CEO Olivier Le Peuch highlighted the company's strong performance, includ...

Business

Leadership Shift at Honor: CEO George Zhao Resigns for Personal Reasons

Honor Device Co. Ltd. announces CEO George Zhao's resignation for personal reasons, with Jian Li stepping in as the new leader. The company looks forward to continuing its traditio...