Business News

Business

RBI Announces Massive Rs 40,000 Crore Liquidity Infusion to Boost Banking System

The RBI plans to inject Rs 40,000 crore into the banking system via government securities purchases, continuing its liquidity infusion strategy to support the economy. This move fo...

Business

February's IIP Growth Slows to 2.9%, Marking the Lowest in Half a Year Amid Global Tensions

India's industrial production growth slowed to a six-month low of 2.9% in February, impacted by sluggish manufacturing and mining sectors and global tensions. Experts remain cautio...

Business

General Motors Slashes Electric Van Production in Canada Amid Market Demand Shifts

General Motors reduces BrightDrop electric van production in Canada due to market demand, leading to job cuts and a temporary plant shutdown, while affirming commitment to EV produ...

Business

Billionaire John Malone Steps Down from WBD Board, Transitions to Chair Emeritus Role

Warner Bros. Discovery announces John Malone's transition from board member to chair emeritus, ensuring his continued strategic input, while nominating Anton Levy for board electio...

Business

Scania Powers Up: VW's Truckmaker Acquires Northvolt's Battery Systems to Electrify Heavy Industry

Volkswagen AG's Scania acquires Northvolt Systems Industrial unit, enhancing its electrification capabilities with new production facilities, research center, and 260 employees, de...

Business

Lucid Motors Accelerates Growth in Arizona with Major Expansion and 300+ New Jobs

Lucid Group, Inc. is set to expand its Arizona operations by acquiring Nikola Corporation's former facilities, adding over 884,000 square feet and creating 300+ jobs for former Nik...

Business

BlackRock Surges Ahead: Q1 Revenue Jumps 12% to $5.3 Billion Amid Market Challenges

BlackRock Inc. reports a 12% revenue increase to $5.3 billion in Q1 2025, despite a 4% drop in net income. CEO Larry Fink highlights the firm's strong client relationships and stra...

Business

JPMorgan Chase Reports Stellar Q1 Performance with 8% Revenue Surge to $46 Billion

JPMorgan Chase & Co. reports an 8% year-over-year revenue increase to $46 billion in Q1 fiscal 2025, with net income up 9% to $14.6 billion. CEO Jamie Dimon comments on economic ch...