Business News

Business

NSE Achieves Historic Milestone: Surpasses 22 Crore Investor Accounts in Record Time

The National Stock Exchange of India (NSE) has surpassed 22 crore investor accounts, adding 2 crore in just six months. Maharashtra leads with 3.8 crore accounts. The Nifty 50 and ...

Business

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

JPMorgan Chase & Co. announced an 8% year-over-year revenue increase to $46 billion in Q1 of fiscal 2025, surpassing expectations. Net income rose 9% to $14.6 billion, with earning...

Business

Wells Fargo Reports a 3% Dip in Q1 Revenue to $20.15 Billion Amid Rising Net Income

Wells Fargo announced a 3% decrease in Q1 revenue to $20.15 billion but reported a 6% rise in net income and a 16% increase in EPS. CEO Charlie Scharf highlighted the company's str...

Business

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

Google has cut hundreds of jobs in its platforms and devices unit, affecting Android, Chrome, and Pixel teams. This follows a restructuring that merged Android and hardware teams u...

Business

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

Scania, a part of Volkswagen AG, has acquired Northvolt's battery systems unit, including facilities and 260 employees, to enhance its electrification strategy. The deal strengthen...

Business

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

Lucid Group, Inc. announces expansion in Arizona by acquiring Nikola Corporation's former facilities, adding over 884,000 square feet to its operations and planning to hire 300+ fo...

Business

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

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

Business

Delhi's New Excise Policy: A Transparent and Revenue-Generating Initiative Announced by CM Rekha Gupta

Delhi's BJP-led government announces a new excise policy focused on transparency and revenue, learning from other states' successes, following the scrapping of AAP's controversial ...