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Business

Daimler Truck Reports a 4% Revenue Dip to €14.3B in Q4 2024, Surpassing Expectations

Daimler Truck's Q4 2024 revenue fell by 4% to €14.3B, surpassing expectations. Adjusted EBIT and earnings per share saw significant declines, but incoming orders rose by 15%. The c...

Business

BMW Faces a Challenging Year: Revenue Drops by 8.4% to €142.4B in 2024

In 2024, BMW Group faced a challenging year with an 8.4% revenue drop to €142.4B, a 36.9% decrease in net profit, and a 4% fall in automotive deliveries. Despite these setbacks, BM...

Business

Foxconn Reports a 13% Drop in Q4 Net Income, Yet Eyes AI Server Business Boom

Foxconn, known as Hon Hai Precision Industry Co., Ltd., reported a 13% decrease in net income for Q4 2024 but saw a 17% increase in revenue. The company is optimistic about a signi...

Business

EQT-Backed Indium Sets Sights on Expansion Through Strategic Acquisitions

Indium, backed by EQT, anticipates a tenfold revenue increase by FY26, driven by data engineering and AI advancements. Strategic acquisitions and AI implementation across key areas...

Business

Holi 2025: A Break for Investors as BSE and NSE Announce Market Closure

In 2025, Indian stock markets will close for 14 holidays, including Holi, affecting trading activities. This article explores the impact of these closures on investors and the mark...

Business

SoftBank and OpenAI to Revolutionize AI Operations at Former Sharp Plant

SoftBank Group Corp. is acquiring a Sharp Corporation facility to establish an AI agent center with OpenAI Inc., aiming for operations to start by 2026. This move signifies a major...

Business

India Imposes Stringent Entry Conditions on Elon Musk's Starlink Satellite Venture

The Indian government has set stringent conditions for Starlink's entry, including a local control centre for emergency service suspension and call interception capabilities for la...

Business

Breaking News: Leo Puri Steps Down as Independent Director at HUL Amid Expanding Global Commitments

Leo Puri resigns as independent director at Hindustan Unilever Limited (HUL) due to increased board commitments, including a new role on a global entity's board, effective June 30,...