Business News

Business

Mercedes-Benz Announces Discontinuation of Citan and T-Class Models by 2026

Mercedes-Benz Group AG will discontinue its Citan and T-Class models, including electric versions eCitan and EQT, by 2026 to focus on midsize and large van segments, as part of its...

Business

Byju’s Founders Accuse GLAS Trust of Baseless Lawsuit and Conspiracy to Seize Company Control

Byju’s founders dismiss a US lawsuit by GLAS Trust as baseless, accusing them of a conspiracy to seize control. The dispute escalates with allegations of intimidation and financial...

Business

India Stands Firm: 'No Negotiations at Gunpoint' Amid Trump's 90-Day Tariff Pause

India reaffirms its stance against negotiating under pressure as US President Donald Trump imposes a 90-day pause on tariffs, excluding China. Union commerce minister Piyush Goyal ...

Business

Google Announces Major Job Cuts in Android and Pixel Divisions Amid Restructuring

Google LLC has cut hundreds of jobs in its platforms and devices unit, responsible for Android, Chrome, and Pixel phones, as part of restructuring efforts. This follows a voluntary...

Business

Scania Powers Up: Volkswagen's Truck Giant Acquires Northvolt's Battery Systems for Electrification Boost

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

Business

Lucid Group Accelerates Growth in Arizona with Strategic Acquisition of Nikola's Facilities

Lucid Group, Inc. is expanding its Arizona operations by acquiring Nikola Corporation's former facilities, adding over 884,000 square feet to its capacity and offering jobs to 300+...

Business

BlackRock Reports a 12% Surge in Q1 Revenue to $5.3 Billion Amid Market Challenges

BlackRock Inc. reports a 12% increase in Q1 revenue to $5.3 billion for fiscal 2025, despite a 4% drop in net income and an 8% decrease in diluted earnings per share. CEO Larry Fin...

Business

JPMorgan Surpasses Expectations with an 8% Revenue Jump to $46 Billion in Q1 2025

JPMorgan Chase & Co. reports an 8% year-over-year revenue increase to $46 billion in Q1 2025, surpassing expectations. Net income rose 9% to $14.6 billion, with earnings per share ...