Category: Companies

Source: Reuters (via feed) CoreWeave said on Friday it has struck a deal with Anthropic to supply the AI startup with cloud computing capacity. Following the announcement, CoreWeave's shares rose by more than 5% in…

Source: Reuters (via feed) A UK court has ordered India’s SpiceJet to pay about $8 million to an aircraft engine lessor. The payment covers unpaid rent and maintenance charges. These charges concern three engines. This…

Source: Reuters (via feed) India's cabinet approved an 84% increase in the project costs of HPCL Rajasthan Refinery Ltd (HRRL). The revised cost is 794.59 billion rupees, equivalent to $8.60 billion. Information Minister Ashwini Vaishnaw…

Source: Reuters (via feed) Hungary’s opposition party Tisza is projected to win a two-thirds majority in parliament in Sunday’s election. This would allow the party to amend the constitution and key laws. The amendments are…

Source: Reuters (via feed) Brazil's Labor Ministry has placed Chinese automaker BYD on its registry of employers accused of imposing slave-like conditions on workers. An official document confirming this action was seen by Reuters on…

Source: Reuters (via feed) The White House is proposing to cut more than 9,400 workers from the Transportation Security Administration. The TSA currently employs about 60,000 people. The budget proposal includes a reduction of just…

Source: Reuters (via feed) A unit of India's refiner Reliance Industries has begun loading a 2-million-barrel cargo of Venezuelan heavy crude oil. The cargo was directly bought from Venezuela's state-run energy company PDVSA. This information…

Source: Reuters (via feed) Indian fashion-to-beauty retailer Nykaa said on Monday it expects its fourth-quarter consolidated gross merchandise value (GMV) to grow in the late-20% range. BizTrendWire Insight: The announcement provides a specific GMV growth…

Source: Reuters (via feed) Indian consumer goods maker Dabur expects its consolidated fourth-quarter revenue to grow by a mid-single-digit percentage. BizTrendWire Insight: Dabur's revenue forecast provides a specific numerical growth estimate for the quarter. Read…

Source: Reuters (via feed) Blue Owl said it will limit the amount investors can withdraw from two retail-focused funds. The company made the decision after receiving a surge in withdrawal requests. The announcement was made…

Source: Reuters (via feed) The Middle East conflict has significantly impacted global financial markets. It has also affected logistics across multiple regions. The supply of raw materials critical to several industries has been hindered. These…

Source: Reuters (via feed) Italy's competition authority announced on Thursday it fined several companies of the Revolut group more than 11 million euros. The penalty was imposed over alleged unfair commercial practices. The total fine…

Source: Reuters (via feed) India's top carmaker, Maruti Suzuki, said on Wednesday that it will likely raise prices. The company cited the Middle East war as the reason for higher commodity prices. These increased costs…

Source: Reuters (via feed) Nike beat Wall Street expectations for third-quarter revenue on Tuesday. The company reported revenue growth driven by tighter control on discounting. Fresh product launches also helped steady demand. Nike’s performance in…

Source: Reuters (via feed) The Indian-flagged LPG tanker Pine Gas loaded cargo at the United Arab Emirates’ Ruwais port. This occurred a day before Israel and the United States attacked Iran on February 28. The…

Source: Reuters (via feed) Amazon's Leo satellite internet unit signed a deal with Delta Air Lines to provide in-flight Wi-Fi on 500 of the airline's planes starting in 2028. This deal marks Amazon Leo's second…

Source: Reuters (via feed) Unilever has imposed a global hiring freeze lasting at least three months, Reuters reported. The measure is amid the ongoing conflict in the Middle East. Unilever has mentioned cost cuts alongside…

Source: Reuters (via feed) Ukrainian drones have damaged Russia's Ust-Luga port on the Baltic Sea again. This was stated by Alexander Drozdenko, the governor of Leningrad region. He reported the incident on Tuesday. No further…

Source: Reuters (via feed) Unilever has implemented a global hiring freeze "at all levels" that will last at least three months. The company cited effects from the widening conflict in the Middle East as the…

Source: Reuters (via feed) Central Mine Planning & Design Institute, a unit of Coal India, saw its shares fall 7% in its trading debut on Monday. The decline occurred amid broader market weakness tied to…

Source: Reuters (via feed) Russia's Ust-Luga port was damaged on Sunday in a Ukrainian drone attack. The attack sparked a fire at the site. Alexander Drozdenko, the governor of the northern Leningrad region, reported the…

Source: Reuters (via feed) Virat Kohli scored an unbeaten 69 runs in the Indian Premier League opener. His performance helped Royal Challengers Bengaluru secure a victory. Kohli has scaled back his international commitments. This reduction…

Source: Reuters (via feed) Chinese electric vehicle maker BYD, the largest by sales in China, posted its first annual profit decline in four years. The company reported the profit drop on Friday. This decrease was…

Source: Reuters (via feed) Jan Metzger, co-head of investment banking for Asia at Citigroup, has stepped down, Bloomberg News reported on Wednesday. The report cited an internal memo as the source of this information. BizTrendWire…