Category: Breaking News
Zoho shelves Rs 3.5k crore semiconductor project; Adani too said to be on pause mode
Adani Group and Zoho Corp are reportedly backing away from their semiconductor projects, dealing a blow to India’s ambition to establish a domestic chip manufacturing ecosystem. Zoho cited a lack … Read More
‘Got to keep the vehicles affordable’: US-made cars still heavily dependent on foreign supply chain, says Ford CEO
Ford CEO Jim Farley warns that President Trump’s tariffs on imported auto parts could significantly increase production costs, potentially raising vehicle prices for consumers. Despite Ford’s US manufacturing presence, the … Read More
How are big brands dealing with economic outlooks amid trade uncertainity
Amidst earnings uncertainty, companies grapple with a volatile trade environment. General Motors trimmed its profit outlook due to auto tariffs, while Harley-Davidson withdrew its forecast entirely. Hershey is maintaining its … Read More
Kohl’s fires CEO Ashley Buchanan over undisclosed conflict of interest
Kohl’s CEO Ashley Buchanan has been terminated due to undisclosed conflicts of interest in vendor transactions. Chairman Michael Bender steps in as interim CEO. The decision followed an external investigation … Read More
US manufacturing weakens further in April amid tariff turmoil
American manufacturing contracted in April due to President Trump’s tariff policies, causing market instability and uncertainty. The ISM manufacturing index fell below the expansion threshold, signaling a slowdown. Companies are … Read More
Millions for bosses, peanuts for workers: Salary of CEOs spike by 50% since 2019
A recent Oxfam report reveals a stark disparity in income growth, with global CEO pay soaring by 50% since 2019 to $4.3 million annually, while average worker wages have barely … Read More
Sensex rises nearly 4% in April on FII inflows, monsoon hopes, and trade optimism
Despite geopolitical tensions, the BSE Sensex saw a nearly 4% increase in April, fueled by foreign investment, monsoon forecasts, and trade agreement prospects. Attractive valuations and RBI rate cuts further … Read More