BEML ramps up R&D spending by 150% to drive indigenous innovation
BEML Limited, a defense public sector undertaking (PSU) under the Ministry of Defence, has significantly escalated its research and development…
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Category: Companies & Business
News on major companies, retail and consumer brands.
Japan Bankruptcies Surge To All-Time High As A Result Of Plunging Yen
While the narrative circulating online suggests that Japanese corporate bankruptcies have reached an “all-time high,” the actual economic data presents…
Broadcom secures role as key Apple supplier with chip deal through 2031
Apple and Broadcom have officially finalized an expanded, multi-year semiconductor agreement that extends their custom chip partnership through 2031. The…
Airbus informally aims for 900 deliveries after strong June
Airbus has set an informal internal goal of surpassing 900 aircraft deliveries for the first time in 2026. The stretch…
Tencent unit raises $1.5 billion from Kuaishou share sale
Tencent Mobility, a wholly owned subsidiary of tech giant Tencent Holdings, has raised approximately $1.505 billion through a massive off-market…
Lockheed Martin to buy Ultra Maritime for $3.45 billion
Lockheed Martin has signed a definitive agreement to acquire naval defense technology specialist Ultra Maritime from private equity firm Advent…
Meta sued for $1.4 Trillion in financial penalties
Meta Platforms disclosed in a court filing that four U.S. states are seeking a staggering $1.4 trillion in financial penalties…
China smartphone sales drop 13% as memory costs limit discounts
Data from Counterpoint Research shows that smartphone sales in China fell 13% year-on-year during the highly anticipated 618 shopping festival…
Tamil Nadu record $59.3 billion in merchandise exports in FY26
The $59.3 billion performance by Tamil Nadu establishes the state as a core anchor of India’s global trade architecture, driven…
Microsoft layoff 4,800 workers in latest wave of job cuts
Microsoft has officially announced it is laying off 4,800 employees, representing roughly 2.1% of its global workforce. The structural shake-up…