Business — Page 3
Companies, markets, economy, finance, trade and commercial activity
Mahindra Scorpio Lifestyler Pickup Unveiled for 2027 India Launch
Mahindra revealed the Scorpio Lifestyler pickup, a production version of the Scorpio N pickup, with three themed editions and a planned India launch by April 2027. Expected features include a 2.2-litre mHawk diesel and 4WD, with a starting price below Rs 19.79 lakh ex-showroom.
SpaceX targets $1 trillion revenue by 2030, says Musk
SpaceX posted Q2 results showing strong revenue growth and narrowing losses, while Elon Musk projected $1 trillion in revenue by 2030. The outlook hinges on aggressive growth and profitability questions.
US Companies Thriving Despite DEI Backlash, Research Shows
New research indicates that US companies maintaining diversity, inclusion, and equity (DEI) policies, despite conservative opposition and threats of financial repercussions, have performed as well as or better than those that discontinued them. This analysis comes amid a period of intense scrutiny f
Spyker Re-Emerges with C8 Preliator XXV at Monterey Car Week
Dutch sports car manufacturer Spyker has unveiled its new C8 Preliator XXV Coupé at Monterey Car Week. The limited-edition model features an 800 hp V8 engine and a top speed exceeding 350 km/h, marking the brand's reintroduction after financial difficulties.
Ajax Pursues Player Sales Amid Transfer Window Pressures
Ajax faces pressure to sell multiple players to fund new signings and manage its wage bill, with central defenders a particular focus for departures. The club is reportedly seeking to offload several players, even after a significant sale.
Maharashtra FDA Cracks Down on Food Chains, Suspends Licenses
Maharashtra's Food and Drug Administration (FDA) has intensified its crackdown on food establishments, suspending licenses and issuing notices for hygiene violations. Major fast-food chains were among those inspected, with some outlets facing action.
Nu Holdings announces strong Q2 results, with revenue and net profit exceeding estimates
Brazilian neobank Nu Holdings reported robust Q2 financial results, surpassing revenue and net profit expectations. The company achieved its first-ever quarterly net profit exceeding $1 billion, driven by record net interest margins and sustained customer growth.
Unifor: Stellantis Considering Sale, Closure of Brampton Plant
Unifor stated that Stellantis is seriously evaluating the closure and sale of its Brampton, Ontario assembly plant, which has been idled since 2023. The automaker has not provided formal written notice, but the union's agreement requires a year's notice for closure or sale.
Wolves Manager Situation: Inquiries Made for Abel Ferreira Amidst Poor Season
Wolves have reportedly sacked manager Vitor Pereira after a poor Premier League performance and are now in talks to potentially bring in Abel Ferreira. The club is seeking a quality replacement to improve their standing this season.
Bitcoin Struggles Below $64,000 Amidst ETF Outflows
Bitcoin and other major cryptocurrencies are trading sideways as renewed outflows from Bitcoin spot ETFs dampen market sentiment. Institutional investors withdrew $61 million from these funds on Wednesday, signaling subdued risk appetite.
Maharashtra FDA Suspends Licenses of 14 Food Outlets Linked to Blinkit, Zepto, Instamart
Maharashtra's FDA suspended 14 food business licenses tied to online delivery platforms like Blinkit, Zepto, and Instamart due to food safety and hygiene violations found during inspections on August 13. Violations included expired products, improper temperature control, and poor hygiene practices.
New Passenger Holding Areas Coming to Anand Vihar, Udhna Stations Before Festivals
Anand Vihar and Udhna railway stations are set to receive new passenger holding areas, known as Yatri Suvidha Kendras, before the upcoming festival season. These facilities aim to provide organized waiting spaces and enhanced amenities for travelers.
Vande Bharat Freight Train Completes High-Speed Trial Run in India
India's first Vande Bharat freight train successfully completed a 130 kmph trial run on the Kota-Rohal Khurd route. The train, designed for high-speed parcel transport, underwent extensive technical testing.
Arsenal Linked with Victor Osimhen in Potential Swap Deal with Galatasaray
Arsenal is reportedly considering a swap deal involving striker Victor Osimhen and Galatasaray. The proposed exchange could include players like Gabriel Martinelli and Ethan Nwaneri.
India's Defence Production Soars to ₹1.78 Lakh Crore, Exports Reach ₹38,424 Crore
Domestic defence production in India has increased nearly four-fold to ₹1.78 lakh crore in the fiscal year 2025-26. Defence exports have also seen a significant rise, reaching an all-time high of ₹38,424 crore in the same period.
Rice Miller Detained Under PD Act for Alleged Diversion of Custom-Milled Rice
A rice miller in Mancherial district has been detained under the Preventive Detention (PD) Act for repeatedly diverting custom-milled rice. The alleged diversion has resulted in a significant financial loss to the state.
Maharashtra FDA Suspends 14 Licenses of Quick-Commerce Outlets for Hygiene Violations
Maharashtra's FDA has suspended 14 licenses linked to Blinkit, Zepto, and Instamart due to widespread food safety and hygiene violations. Inspections revealed issues like cockroach infestations, expired food, and poor storage practices across 86 establishments.
Amit Bhatia Joins Liverpool FC Ownership as Part of £1.65bn Deal
Fenway Sports Group has confirmed the sale of a 30% stake in Liverpool FC to a consortium including Amit Bhatia, Jeff Bezos, and Eduardo Saverin for £1.65bn. Bhatia will serve as vice-chair on an expanded board.
Luxury Eco-Resort Planned for Visakhapatnam's Eastern Ghats
AVNG Developers and Atmosphere Core have signed an agreement to develop a five-star luxury eco-resort in Visakhapatnam. The project represents an ₹180-crore investment and is expected to boost tourism and employment in the region.
Karnataka Boosts Coal Stocks Amid Soaring Power Demand
Karnataka is increasing coal reserves to meet a surge in daily power demand, which has risen significantly from last year. Challenges include maintenance at thermal units and difficulties with coal transportation due to rain.
Andaman and Nicobar Administration Seeks Proposals for Data Centre Project
The Andaman and Nicobar administration has invited feasibility proposals for a private-sector-led "Green AI/ Data Centre Vertical." The initiative aims to explore interest in establishing hyperscale and AI-focused data centers, with potential locations identified across Great Nicobar and Little Anda
Ajay Devgn and Mother Lease Juhu Bungalow for Rs 10.61 Crore
Bollywood actor Ajay Devgn and his mother, Veena Devgn, have entered into a five-year lease agreement for their 7,802-square-foot bungalow in Juhu, Mumbai. The property is expected to generate a total rental income of Rs 10.61 crore over the lease term.
Royal Enfield Himalayan 440 Launch Set for September 4 in Leh
Royal Enfield will launch the new Himalayan 440 on September 4 at the Himalayan Basecamp in Leh, Ladakh. The motorcycle will feature a 443cc engine and a 21-inch front wheel, aiming to enhance off-road capabilities.
CAG Audit Reveals Widespread Deficiencies in Indian Railways' Basic Amenities
An audit by India's Comptroller and Auditor General (CAG) found that 89% of 512 audited railway stations lack essential amenities. Persistent shortfalls in facilities like fans, water coolers, and sanitation have been highlighted in multiple previous audits.