IRDAI Approves Patanjali and DS Group’s ₹4,500 Crore Acquisition of Magma General Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has approved the ₹4,500-crore acquisition of Magma General Insurance by a…
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Category: Companies & Business
News on major companies, retail and consumer brands.
HUL Says Quick Commerce Growing 40%–50%, Builds Channel-Specific Packs for Future Growth
Hindustan Unilever Limited (HUL) has said that quick commerce is growing at an annual rate of 40% to 50%, making…
Eicher Motors Q1 profit jumps 21% to ₹1,463 crore on record Royal Enfield sales
Eicher Motors reported a 21% year-on-year increase in consolidated net profit for the first quarter of FY27, driven by record…
Meta’s Free Cash Flow Dwindles to Lowest in Nearly 4 Years
Meta Platforms reported its lowest quarterly free cash flow in nearly four years, highlighting the growing financial impact of the…
Microsoft Reports Over $130 Billion in New Data Center Lease Commitments
Microsoft has disclosed that it has secured more than $130 billion in new data center lease commitments, underscoring the unprecedented…
Samsung post 250x Surge in Chip Business Profit Amid AI Memory Shortages
Samsung Electronics reported a dramatic rebound in its semiconductor business, with operating profit in its Device Solutions (DS) division surging…
Oil Prices Surge 7% Amid Rising Tensions and Airstrikes in the Middle East
Oil prices surged about 7%, with Brent crude climbing above $90 a barrel and U.S. West Texas Intermediate (WTI) posting…
Patriot Missile Demand Surges as U.S. Announces $58.6 Billion Production Deal
The United States has signed a $58.6 billion agreement to expand production and procurement of Patriot air and missile defense…
DoorDash Is Building Its Own Drone Delivery Business to Boost Logistics
DoorDash is developing its own in-house drone delivery business, marking a significant strategic shift from relying primarily on third-party drone…
Microsoft Books $3.2 Billion Gain From Anthropic Investment
Microsoft’s latest quarterly earnings reveal a striking contrast in the performance of its two biggest artificial intelligence investments. While the…