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Ola Electric suspends India car project to focus on scooters, bikes: Report

Ola had planned to launch e-sports car this year

Trump, Harris exchange barbs in US presidential race after Biden exit

Biden said he believed he deserved to be reelected based on his record during his first term, but his love of country led him to step aside

India not to sign global corporate tax deal until concerns addressed

US Treasury Secretary Janet Yellen in May accused India of refusing to engage on issues important to US interests, noting that negotiations were stuck

Mahindra Holidays Q1FY25 results: Pre-tax profit rises to Rs 14 cr

Travel demand has rebounded strongly from the pandemic lows, benefiting companies from airlines to hotel operators

India's duty cut stops concessionary silver, platinum imports from UAE

After the reduction, there is no incentive to bring silver or platinum into India

Westlife Foodworld posts Q1 profit drop on higher costs, weak demand

Revenue from operations was little changed at Rs 616 crore

Adani Green Energy Q1 result: PAT doubles to Rs 629 cr on strong sales

Adani Green's energy sales increased by 22 per cent year-on-year to 7,356 million units in the quarter

PNB Housing Finance Q1 result: PAT rises 25% to Rs 433 cr on steady demand

Demand for premium housing in the country has been strong even as the affordable segment saw some pressure due to high interest rates

Nestle cuts sales outlook as consumers become increasingly cost-conscious

"There is value-seeking behaviour among consumers. There is pressure, especially at the low-income range," CEO Mark Schneider said in a media call

Nissan's profits wiped out by deep US discounts; shares plunge 7%

The US and China are Nissan's two biggest markets, accounting for half of global sales in the year through March and 51 in the first quarter of this financial year

South Korea's Hyundai Motor posts record Q2 profit on strong US sales

The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers

AstraZeneca raises sales and profit forecast as demand for therapies grows

AstraZeneca's drug pipeline has evolved significantly under CEO Pascal Soriot since he took over more than a decade ago

South Korea seeks to lower inheritance tax in first revision since 2000

High inheritance taxes have been cited by analysts as a factor behind the "Korea discount", which refers to South Korean firms' comparatively lower valuations.

Germany's busiest airport opens again after climate activists block runway

A spokesperson for Frankfurt, a vital international transit hub and one of Europe's biggest airports, said around 140 flights had been cancelled out of 1,400 planned on Thursday

Foreigners sell nearly $1 billion in equities in two days since Budget

The increase in capital gains tax is clearly a negative even if the increase on long-term gains is moderate, said Ashish Gupta, chief investment officer at Axis Mutual Fund

China's secretive spaceplane likely testing 'dual use' technology: Experts

The U.S. first launched its uncrewed Boeing X-37B spaceplane in 2010, while Russia has recently launched several satellites that U.S. officials suspect may be weapons, a charge Russia has denied

US economic growth seen picking up in 2nd quarter, inflation subsiding

The economy, which continues to outperform its global peers despite hefty rate hikes from the Fed in 2022 and 2023, remains supported by a resilient labor market even as the unemployment rate has rise

Nvidia supplier SK Hynix posts 6-year high profit on strong AI chip demand

Revenue rose 125 per cent to a record 16.4 trillion won

BASIC bloc slams rich countries for 'leadership void' on climate change

They called on developed countries to set ambitious new targets to reach net-zero "significantly ahead of 2050 (and) preferably by 2030" and to achieve "net-negative" emissions immediately after that

Irrespective of who wins election, Venezuela faces natural gas problem

The South American country's output fell to 4 billion cubic feet per day (bcfd) this year from almost 8 bcfd in 2016, data from consultancy Gas Energy Latin America shows