Elon Musk, Distanced From Trump, Says He’s Exiting Washington and DOGE
The billionaire has made clear he is frustrated with the obstacles he encountered as he tried to upend the federal bureaucracy. Source link
business
Read More
PepsiCo India posts Rs 883 crore profit in 2024, revenue at Rs 9,096 crore
PepsiCo India Holdings Pvt Ltd reported a consolidated profit of Rs 883.39 crore and revenue from operations of Rs 9,096.62 crore for the calendar year 2024, according to a regulatory filing with the Registrar of Companies (RoC).The company’s total consolidated income, which includes other income, stood at Rs 9,268.04 crore for the year. This marks…
Trump Tariffs Ruled Illegal by Federal Judicial Panel
The U.S. Court of International Trade said the president had overstepped his authority under the federal emergency powers law he invoked. Source link
Leadership change at IndiGo airlines: Vikram Singh Mehta named new chairman
Vikram Singh Mehta named new Chairman of IndiGo IndiGo, India’s largest airline, appointed Vikram Singh Mehta as its new Chairman on Wednesday, replacing Venkataramani Sumantran. Mehta has served on the Board of InterGlobe Aviation Ltd (IndiGo) since May 2022.IndiGo confirmed that Mehta takes over from Sumantran, who concluded his five-year tenure as a board member,…
U.S. Pauses Exports of Jet Engine Technology and Chip Software to China
President Trump has stopped some critical products and technologies made only in the United States from flowing to China, flexing the government’s power over global supply chains. Source link
Wall Street steady ahead of Nvidia earnings; Macy’s, GameStop rise on strong updates
US stocks held steady Wednesday, maintaining their momentum after a sharp rebound brought major indexes within striking distance of record highs. Investors are eyeing corporate earnings, particularly from Nvidia, while digesting mixed global signals and recent retail sector updates.The S&P 500 rose 0.1% in early trading, continuing a steady climb driven by optimism that the…
India’s data centre sector draws $15 billion since 2020, set to add $20-$25 billion by 2030: Report
NEW DELHI: India’s data centre (DC) sector attracted investments totalling approximately $15 billion since 2020 and is expected to witness an additional $20–25 billion in funding over the next six years, according to a report by real estate consultancy Colliers. Driven by a surge in cloud computing, artificial intelligence adoption, and digital transformation, India’s data…
Donald Trump’s social media firm targets $2.5 billion investment to establish ‘bitcoin treasury’
US President Donald Trump‘s social media enterprise revealed its strategy on Tuesday to secure approximately $2.5 billion, with intentions to establish a “bitcoin treasury”, while confirming cryptocurrency‘s significant role in its portfolio.Trump Media & Technology Group, the operator of Truth Social platform, confirmed in its announcement that it has secured subscription arrangements with approximately 50…
Macy’s beats Q1 estimates but lowers 2025 profit outlook amid tariff impact
Macy’s Inc. reported a decline in first-quarter sales and profit on Wednesday, but still managed to surpass Wall Street expectations. The department store chain, however, revised its full-year profit forecast downward, citing more cautious consumer behaviour and the rising cost impact from US trade tariffs.Sales for the three months ended May 3 dropped to $4.79…
Fed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show
Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook. Source link