Business News

Business

FedEx Soars with a 2% Revenue Increase to $22.2 Billion in Q3 2025

FedEx Corp. announces a 2% revenue increase to $22.2 billion in Q3 2025, outperforming last year's figures and analyst expectations, showcasing its financial strength and strategic...

Business

Lockheed Martin Links Job Creation in Canada to F-35 Jet Purchases

Lockheed Martin proposes creating more jobs in Canada if the government proceeds with purchasing all F-35 jets under a $14 billion deal, amidst considerations of the JS 39 Gripen a...

Business

Disney Shareholders Unanimously Reelect Board Members Amidst Key Proposals

Disney shareholders have unanimously reelected all board members and approved executive compensation packages, including a $41.1 million pay package for CEO Bob Iger, while rejecti...

Business

Bharat Biotech Expands into Cell and Gene Therapy with a $75 Million State-of-the-Art Facility

Bharat Biotech is investing $75 million in a new cell and gene therapy facility in Hyderabad, aiming to expand its expertise into regenerative and personalized therapies. This move...

Business

Apple and Samsung Dominate: 94% of India's Smartphone Exports in 2024

In 2024, Apple and Samsung dominated India's smartphone exports, accounting for 94% of the market. The 'Made in India' smartphone shipments grew by 6%, with significant contributio...

Business

QXO to Acquire Beacon Roofing in a Monumental $11 Billion Deal

QXO has entered into a definitive merger agreement to acquire Beacon Roofing Supply, Inc. for $124.35 per share in cash, valuing the company at approximately $11 billion. The deal,...

Business

Indian Overseas Bank Initiates QIP to Secure Rs 2,000 Crore, Aiming to Reduce Government's Stake

Indian Overseas Bank (IOB) launches a QIP to raise Rs 2,000 crore, aiming to reduce the government's stake and comply with SEBI's MPS mandate. Additionally, the bank plans to issue...

Business

India Ensures Fiscal Stability for Oil Companies with New Law, No Windfall Tax Imposed

India's new Oilfields Bill ensures fiscal stability for oil and gas companies, eliminating new taxes like windfall profits tax to attract investment. The reform aims to boost domes...