Business & Startups

Reuters · 3 months ago

US Manufacturing Growth Continues in June as Factory Hiring Falls Sharply

U.S. manufacturing expanded for a fourth consecutive month in June as companies increased orders to guard against potential supply disruptions and price increases. However, factory employment dropped to its lowest level in six years amid concerns over rising costs.

Reuters · 3 months ago

Lucid Plans U.S. Workforce Reduction of About 18%, COO Marc Winterhoff Departs

Electric vehicle manufacturer Lucid is reducing its U.S. workforce by roughly 18% and has confirmed the departure of Chief Operating Officer Marc Winterhoff as the company continues efforts to improve profitability.

Moneycontrol · 4 months ago

BlackRock Reduces Workforce by Around 200 Employees in Latest Restructuring Move

BlackRock is cutting nearly 200 jobs across several business divisions, marking another workforce adjustment as the company continues to reshape operations following recent acquisitions.

Reuters · 4 months ago

European Pilot Union Pushes Regulators to Address Airline Staffing Loophole

A European pilots' association is urging regulators to tighten oversight of airline staffing practices, arguing that outsourced flight crews often receive weaker employment protections than directly hired workers.

Reuters · 4 months ago

Wix.com to Cut Around 1,000 Jobs as AI and Currency Pressures Reshape Operations

Website-building platform Wix.com will cut about 1,000 jobs, citing the impact of a stronger Israeli shekel and rapid advances in AI. The company says changing economics and increased automation are driving a leaner operating model.

The Guardian · 4 months ago

007 First Light review: IO Interactive delivers the best James Bond game in years

IO Interactive’s 007 First Light revives the James Bond gaming franchise with cinematic storytelling, stealth gameplay and immersive espionage action.

The Economic Times · 4 months ago

Air India cuts 22% domestic flights amid rising fuel costs

Air India is temporarily reducing 22% of its domestic flights as soaring fuel prices and operational pressures continue to impact airline profitability and route operations.

India Today · 4 months ago

From Messi to lawsuits: The dramatic collapse of Byju’s empire

Once valued at $22 billion and backed by global investors, Byju’s is now battling insolvency, lawsuits and governance controversies as founder Byju Raveendran faces jail time in Singapore.

Khaleej Times · 4 months ago

Dubai gold prices fall as oil surge and US-Iran tensions shake markets

Gold prices in Dubai dropped sharply as rising oil prices and continued uncertainty around US-Iran tensions increased volatility across global commodity markets.

NDTV · 4 months ago

Delhi CNG prices hiked again as Iran conflict pushes fuel costs higher

Delhi’s CNG prices have increased for the fourth time in 11 days as global energy disruptions linked to the Iran conflict continue impacting India’s fuel market.

BBC News · 4 months ago

Next CEO warns UK faces dramatic fall in entry-level jobs

Next CEO Lord Wolfson says youth unemployment in the UK is worsening as rising business costs, automation and labour reforms reduce entry-level hiring opportunities.

The Hindu · 4 months ago

LIC Q4 profit jumps 23% to ₹23,420 crore, announces ₹10 final dividend

LIC reported a strong rise in quarterly and annual profit driven by premium growth, investment income and expanding business channels, while also announcing a ₹10 final dividend for shareholders.

Upstox · 4 months ago

Maruti price hike, LIC profit jump and Hindalco earnings among key stocks to watch today

Maruti Suzuki, LIC, GAIL, ITC, Hindalco and several major companies are expected to remain in focus as earnings announcements, price hikes, acquisitions and stake-sale reports drive market sentiment ahead of Friday’s trading session.

Reuters · 4 months ago

SpaceX targets $2 trillion valuation with AI and Starlink expansion plans

SpaceX’s IPO filing values the company near $2 trillion as investors back Elon Musk’s ambitious plans for Starlink, AI infrastructure and reusable rockets despite rising quarterly losses and execution risks around Starship development.

Moneycontrol · 4 months ago

GIFT Nifty Jumps 150 Points As Global Markets Rally On US-Iran Peace Hopes

GIFT Nifty climbed 150 points as global equities strengthened and oil prices eased amid optimism surrounding possible US-Iran peace negotiations.

CNBC · 4 months ago

Adani Gets Major U.S. Legal Relief As SEC, Treasury And DOJ Cases Ease

Gautam Adani and the Adani Group received major legal relief in the U.S. after Treasury settlements and reports that DOJ and SEC investigations are moving toward closure.

CNBC · 4 months ago

Over 47,000 Samsung Electronics Workers To Strike As Wage Talks Collapse

More than 47,000 Samsung Electronics workers are set to strike after wage negotiations collapsed, raising concerns over semiconductor production and global chip supply chains.

Upstox News · 4 months ago

JBM Auto, Olectra Greentech Shares In Focus Amid Reports Of $1 Billion India EV Push

Indian EV stocks including JBM Auto and Olectra Greentech are in focus after reports suggested a potential $1 billion government incentive plan for electric buses and trucks.

The AI Insider · 4 months ago

Fintech Startup Stitch Raises $25 Million Series A Led By Andreessen Horowitz

Riyadh-based fintech startup Stitch raised $25 million in Series A funding led by Andreessen Horowitz to expand its AI-ready banking infrastructure platform globally.

NDTV Profit · 4 months ago

Muthoot FinCorp Plans ₹4,000 Crore IPO, To Dilute Minimum 10% Stake

Muthoot FinCorp plans to raise ₹4,000 crore through an IPO while diluting a minimum 10% stake as the NBFC expands its gold loan and digital lending business.

NDTV Business · 4 months ago

Sensex Falls 800 Points As Oil Surges Above $110, Trump Warns Iran “Clock Is Ticking”

Indian markets fell sharply as Brent crude crossed $110 per barrel following rising US-Iran tensions, while investors shifted toward defensive sectors like telecom, IT, and pharma.

RNZ News · 5 months ago

New Zealand Consumers Paid Nearly $20 Million in Afterpay Late Fees

Afterpay earned nearly $20 million in late fees from New Zealand customers as consumer groups warn rising financial hardship and weaker protections are increasing debt risks linked to buy-now-pay-later services.

RNZ News · 5 months ago

Xero Reports Record Revenue Despite Profit Decline After Major Acquisition

Xero reported record annual revenue of $2.75 billion despite a decline in net profit caused by acquisition costs linked to payments platform Melio, while customer growth and AI expansion continued accelerating globally.

ABP News · 5 months ago

Air India Suspends Multiple International Flights As Fuel Crisis Hits Global Aviation

Air India has reduced and suspended several international routes across the US, Europe and Asia amid rising aviation fuel prices and ongoing airspace restrictions caused by global geopolitical tensions.