Finnish telecommunications equipment group Nokia (NOKIA.HE) reported a decline in second-quarter profit due to a decrease in margin, primarily caused by a slowdown in the sales of 5G gear in low-margin markets, such as India.

The company plans to announce on Wednesday that Skims has secured $270 million in a fresh investment round that values it at $4 billion. Investors valued the business at $3.2 billion last year, so this is an increase.

During the first half of 2023, the largest US banks spent more than $1 billion on severance payments, highlighting the high cost of winding down Wall Street’s excessive expansion during the coronavirus pandemic.

The US Fed will soon begin offering a long-awaited service that aims to update the nation’s financial infrastructure by eventually enabling regular Americans to send and receive money in seconds, around the clock, seven days a week.

India’s ambitious drive to increase coal production to meet its surging energy demand is facing hurdles as banks show reluctance to finance newly auctioned mines. Despite growing pressure from global investors to reduce fossil fuel exposure, most Indian banks are yet to formulate coal divestment policies, resulting in financing delays for the majority of the mines.

The parent company of Threads, Meta, just made available the second upgrade for its well-liked microblogging software for iOS.  This most recent update fixes a number of problems with the

In comparison to pre-covid levels in June 2019, Mumbai airport handled 4.2 million passengers in June, and June’s aviation traffic at Mumbai airport was 107% higher than before COVID. At the airport, there were 2.14 million arrivals and 2.04 million departures out of the total number of people seen in June. In June, overall aviation traffic increased 33% year over year.

According to a recent study, 71% of job applicants in India choose work flexibility above pay, including the ability to work from anywhere and flexibility over schedule and breaks.

In a significant development for the UK’s car industry, India’s Tata Group has unveiled plans to construct an electric vehicle (EV) battery plant in Britain. This move comes as a

ASML, the leading Dutch semiconductor equipment manufacturer, surpassed market expectations with its second-quarter earnings and revised its full-year sales forecast upwards.

The Indian government is reportedly contemplating a delay in its plans to sell its stake in Hindustan Zinc (HZNC.NS) due to the current state of the industry.

VinFast, a Vietnamese manufacturer, announced on Wednesday that it would begin building a $4 billion electric vehicle factory in North Carolina the next week as part of its effort to increase its presence in the American market.