Shares of Reliance Industries (RELI.NS), India’s largest company by market capitalization, experienced a significant setback on Monday as the conglomerate reported a larger-than-expected drop in profit, leading to a nearly 3% decline. This comes on the back of a 3.1% slide in the stock on Friday, just before the release of the financial results. Earlier this month, the stock had rallied over 13%, reaching a record high before the demerger of Jio Financial Services last Thursday. The recent stock performance has raised concerns about the company’s flagship oil-to-chemicals (O2C) business, which had experienced record-high refining margins last year due to the surge in fuel demand following the post-pandemic recovery.

As rising borrowing costs put pressure on companies who are heavily indebted with floating-rate debt, the $1.4 trillion hazardous corporate loan market in America has been rocked by the largest

Byjus, a startup, in the education technology sector based in India is currently experiencing difficulties as a consortium of lenders aims to reevaluate the terms of a loan $1.2 billion.

Stellantis, a French-Italian automaker, and Samsung SDI, a South Korean battery manufacturer, announced on Monday that they want to launch a second joint venture factory in the United States to

After purchasing Twitter for $44 billion Elon Musk has revealed his intention to revamp the platform by replacing its bird logo with an “X”. This strategic move aims to draw in advertisers and boost revenue through the introduction of a subscription service.

Bain Capital, an investment firm based in the United States has recently announced a deal to acquire a 90% majority ownership of Adani Capital and Adani Housing. This agreement involves purchasing all of the investments made by the Adani family in the company with the aim of expanding Adani Capitals’ lending capabilities.

Indian External Affairs Minister S. Jaishankar revealed that until June this year, 87,026 Indians chose to renounce their citizenship, with a total of over 17.50 lakh people doing so since

The U.S. Department of Energy proposed energy efficiency guidelines for water heaters on Friday, claiming that doing so would result in yearly consumer savings of $11.4 billion on energy and

In a surprising move, the Central Bank of Russia hiked its key interest rate by 100 basis points to 8.5% on Friday, a decision aimed at curbing inflationary pressures in

American Airlines Group Inc. has boosted the amount of the contract offer it is making to its pilots by more than $1 billion in an effort to win their approval

Go Airlines (India) Ltd, the parent company of Go First carrier, has been dealing with a challenging situation as it faces insolvency. The airline recently received claims amounting to 240

Amidst the plethora of triumphant tales in India’s startup ecosystem, one finds the compelling narrative of Dunzo, a swift commerce player established back in 2014, brimming with ambitions to achieve