Nestle Assures No Impact from Suspension of MFN Status by Switzerland
Nestle India assures no impact from the suspension of MFN status by Switzerland, emphasizing it as a policy matter between the two countries rather than a company-specific issue.
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Nike's Q2 Revenue Dips 8% Despite Exceeding Estimates
Nike Inc. reported Q2 revenues of $12.4 billion, down 8% year-over-year but surpassing estimates. Net income dropped 26% to $1.16 billion, with earnings per diluted share falling 2...
RBI Urges States to Rationalize Subsidies Amid Farm Loan Waivers and Cash Transfers
The RBI warns against the growing trend of farm loan waivers and cash transfers, urging states to rationalize subsidies and focus on capital expenditure for sustainable economic gr...
FedEx Q2 Revenue Dips 1% to $22B, Misses Estimates
FedEx Corp. reported a 1% decline in Q2 revenue to $22.0 billion, missing analysts' estimates. GAAP diluted EPS dropped 14.6% to $3.03, and net income was $740 million. The company...
Rupee Hits 85/$ Mark Amid Fed's Rate Cut Uncertainty
The Indian rupee breached the 85 level against the US dollar due to the Federal Reserve's indication of fewer rate cuts, leading to dollar strength and concerns over RBI's response...
Intel Narrows Down Potential Buyers for Altera Chip Division
Intel Corporation has reportedly shortlisted potential acquirers for its Altera chip division, with private equity firms and Lattice Semiconductor Corp. among the interested partie...
CaixaBank Restores Online Services After Unexpected Outage
CaixaBank has restored its online banking services after a technical issue caused a temporary outage affecting millions of customers. The bank confirmed it was not a result of a cy...
Syria's Largest Oil Refinery Shuts Down: A Glimpse into the Country's Energy Crisis
Syria's largest oil refinery, Baniyas, has stopped operations due to the suspension of crude oil supplies from Iran. The refinery, which processes between 90,000 and 100,000 barrel...
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