Business News

Business

Welspun Corp and Saudi Aramco Forge Strategic Partnership with New LSAW Facility in Saudi Arabia

Welspun Corp Ltd and Saudi Aramco have signed an MOU to establish a state-of-the-art LSAW line pipe manufacturing facility in Saudi Arabia, aiming to support future energy projects...

Business

Euler Motors Secures $20M in Debt Funding to Revolutionize Electric Commercial Vehicles

Euler Motors has raised $20 million in debt funding from responsAbility Investments AG to scale production and advance R&D for next-generation EV technology, focusing on their Stor...

Business

JPMorgan Shatters Expectations with a 50% Surge in Net Income to Over $14 Billion in Q4 2024

JPMorgan Chase & Co. reported a 50% increase in net income to over $14 billion in Q4 2024, exceeding Wall Street forecasts. Earnings per share rose to $4.81, and total managed reve...

Business

HDFC Life Announces a 14% Surge in Q3 Profits to Rs 415 Crore

HDFC Life reported a 14% increase in Q3 profits to Rs 415 crore, despite a decline in total income. The company's solvency ratio remains strong, highlighting its financial stabilit...

Business

Karnataka Welcomes IBC's Rs 390 Crore Giga Factory: A Leap Towards Green Energy and Advanced Manufacturing

The International Battery Company (IBC) is set to launch a Rs 390 crore Giga Factory in Bengaluru, aiming to start production within nine months. This project, in collaboration wit...

Business

Goldman Sachs Reports 23% Revenue Growth in Q4, Surpassing Market Expectations

Goldman Sachs announced a 23% increase in Q4 revenue to $13.8 billion, surpassing expectations. Full-year revenue grew 16% to $53.51 billion, with earnings per share and net earnin...

Business

Citigroup Reports a 12% Surge in Q4 Revenues, Reaching $19.6 Billion

Citigroup Inc. has reported a 12% increase in Q4 revenues, reaching $19.6 billion, showcasing a significant year-over-year growth and highlighting the bank's strong financial perfo...

Business

Breaking New Ground: EIB and Societe Generale Unite to Propel Wind Power Investments

The European Investment Bank and Societe Generale have entered into a significant agreement to boost wind energy investments, potentially unlocking up to €8 billion. This initiativ...