Category: Business
Wolves of Chernobyl, Razorpay’s milestone, and Tata Sierra’s tech| Business News
Opening thoughts. The mutant wolves of Chernobyl have genetically evolved enough to be protected against cancer. I landed on a report that biologists from Princeton…
Tesla reports 61% drop in Q4 profit on lower EV sales, higher AI spending| Business News
Tesla Inc. has reported a 61% drop in fourth-quarter profits due to lower sales even as CEO Elon Musk doubles down on AI investments. Tesla…
India to slash import duty on luxury cars to 30% immediately, in boost for Mercedes, BMW| Business News
New Delhi will immediately cut import duty on luxury cars to 30% from as high as 110% under the India-EU FTA, an official said, opening…
IndiGo eyes 40% international flights by 2030 amid a domestic crisis at hand| Business News
IndiGo aims to have 40% international flights by the turn of this decade, even as India’s largest airline by passengers carried grapples with a crisis…
Adani Airports urges India to relax seat caps on foreign airlines| Business News
Adani Airports Ltd. has urged India to ease limits on how many seats foreign airlines can sell on flights to and from the country, saying…
HAL counts on SJ-100 planes, Dhruv NG choppers to drive civil business| Business News
HYDERABAD: Hindustan Aeronautics Limited on Wednesday signed an agreement with Russian firm United Aircraft Corporation (UAC) to pursue the licenced production of regional commercial aircraft…
Amazon announces layoffs to cut 16,000 jobs amid ‘rising competition over AI’| Business News
Amazon.com Inc. has announced layoffs affecting as many as 16,000 corporate jobs, amid “rising competition over AI”. Amazon CEO Andy Jassy. (Reuters) The company will…
Rajasthan Royals gets $1.3 billion offer in test for IPL valuations| Business News
The owner of the Rajasthan Royals has invited four groups to proceed to the next round of bidding for the IPL cricket team, including a…
Revenue, net profit at a record, as sales surge 27%| Business News
TVS Motor Co. Ltd. has reported its highest ever quarterly earnings, on the back of sales which too are at a record. TVS Apache RTX…
India, EU trade pact set to give rural economy a boost| Business News
NEW DELHI: The landmark free trade deal reached by India and EU is expected to boost shipments of key agricultural produce, especially seafood, from India, while still…