Business News

Business

ByteDance Steps into the Future: Developing AI Smart Glasses to Rival Tech Giants

ByteDance, TikTok's parent company, is developing AI smart glasses, engaging with suppliers for features and pricing. Competing with Alibaba, this follows their AI earbuds launch, ...

Business

Karnataka High Court Orders Preservation of Emails in Byju’s Insolvency Case for Future Investigations

The Karnataka High Court has ordered the preservation of emails in the Byju’s insolvency case for the Corporate Insolvency Resolution Process or investigations, highlighting their ...

Business

Ex-Axis Capital Director and Associate Settle Insider Trading Allegations with Sebi for Over Rs 1 Crore

A former Axis Capital executive and another individual have settled an insider trading case with Sebi for Rs 1.13 crore, agreeing to stay away from the securities market for six mo...

Business

Scania Powers Up Its Future with Strategic Acquisition of Northvolt's Battery Systems Division

Scania, part of Volkswagen AG, acquires Northvolt's battery systems unit, including facilities and 260 employees, to strengthen its electrification strategy. The deal enhances Scan...

Business

Lucid Group Accelerates Expansion in Arizona with Major Facility Acquisition and 300+ New Jobs

Lucid Group, Inc. plans to acquire Nikola Corporation's former facilities in Arizona, adding over 884,000 square feet to its operations and offering jobs to 300+ former Nikola empl...

Business

BlackRock Reports a 12% Revenue Surge to $5.3 Billion in Q1 2025, Amidst Challenges

BlackRock Inc. reported a 12% increase in Q1 2025 revenue to $5.3 billion, despite a 4% drop in net income. CEO Larry Fink highlights strong client connectivity and the company's f...

Business

JPMorgan Surpasses Expectations with an 8% Revenue Jump to $46 Billion in Q1

JPMorgan Chase & Co. reports an 8% increase in Q1 revenue to $46 billion, exceeding expectations. Net income rose 9% to $14.6 billion, with earnings per share up 14%. CEO Jamie Dim...

Business

Larry Fink Reveals: Market Uncertainty Sparks Anxiety Among BlackRock Clients

BlackRock CEO Larry Fink discusses how market uncertainty is causing anxiety among clients, drawing on historical market shifts for context and expressing optimism for future growt...