Business
Recent company and business stories, with why they matter.
- Tata Motors and Iveco launch global commercial vehicle joint entityTata Motors and Iveco have launched a global commercial vehicle joint entity. According to The Indian Express, the combined operation generates 21 billion euro in revenue.
- Brent crude falls on hope for resolution in Iran conflictBrent crude dropped more than 6.5% to $105.55 a barrel on Monday, the lowest level since October 16. The decline follows reports of potential diplomatic breakthroughs in the…
- Finance Minister Sitharaman calls for amicable resolution to Tata group differencesFinance Minister Nirmala Sitharaman urged Tata Sons and Tata Trusts to resolve internal differences privately, citing the conglomerate's systemic importance to the Indian…
- Reliance Industries reports 27.8% revenue growth and 33.8% profit rise for Q2Reliance Industries reported its second-quarter financial results, with The Indian Express noting a 27.8 percent increase in consolidated revenue and a 33.8 percent rise in net…
- The Indian Express reports: India forms committee to boost bank global competitivenessThe Indian government has established a high-level committee tasked with creating a roadmap to enhance the global competitiveness of domestic banks, according to a report by The…
- Noel Tata reportedly seeks Shapoorji Pallonji group exit and restructuring at Tata SonsNoel Tata has pushed for proposals to facilitate an exit and restructuring for the Shapoorji Pallonji group at Tata Sons, according to a report by The Indian Express on October…
- DoorDash agrees to acquire Instacart for $17bn in major consolidationDoorDash has reached an agreement to acquire Instacart for $17bn. Under the deal, the Instacart brand and app will be maintained, with existing shoppers continuing order…
- Jio Platforms debuts on Dalal Street at 21 percent premiumJio Platforms listed on Indian stock exchanges today following an initial public offering of Rs 30,213 crore. The stock opened at a 21 percent premium, with leadership citing a…
- The Guardian reports: Audi to build $4 billion SUV factory in GeorgiaAudi CEO Gernot Döllner announced a $4 billion investment to construct the brand's first U.S. manufacturing facility in Macon, Georgia. The project is expected to create 4,500…
- The Indian Express reports RBI Governor suggests Tata Sons may require public listingRBI Governor Shaktikanta Das has suggested that Tata Sons may need to undergo a public listing, according to a report from The Indian Express. The comments focus on the potential…
- Elon Musk says Tesla and SpaceX committees are exploring potential corporate mergerElon Musk announced on a SpaceX earnings call that both Tesla and SpaceX have formed special committees of independent directors to evaluate a potential merger. Musk noted that…
- Jio Platforms targets debt-free status via potential IPO, says Akash AmbaniAccording to Akash Ambani, Jio Platforms aims to contribute to a $1.4 trillion digital economy. The company intends to utilize proceeds from a potential initial public offering…
- Cabinet approves 60.72% IDBI Bank stake sale to Fairfax, The Indian Express reportsThe Indian Express reports that the Cabinet Committee on Economic Affairs approved the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore.…
- BBC reports: Paramount completes $110bn acquisition of Warner BrosParamount has closed its $110bn acquisition of Warner Bros. The deal, which combines two of Hollywood's largest film studios, concludes following months of legal disputes and…
- BBC reports: BT agrees to rescue deal for broadband provider TalkTalkBT has reached an agreement to acquire broadband operator TalkTalk. According to the BBC, the deal aims to provide service stability for TalkTalk’s customer base, though the…
- tradingview.com reports: Zurich completes $10.7 billion Beazley deal to form world's largest specialty insurerZurich Insurance Group has completed its $10.7 billion acquisition of Beazley, creating the world's largest specialty insurer. As part of the transaction, Zurich is consolidating…
- The Hindu reports: Tata Trusts proposes group restructuring to consolidate units into Tata SonsTata Trusts has proposed an internal merger to consolidate its operating units into holding company Tata Sons. The move aims to navigate listing mandates for core investment…
- Reported Anthropic prospectus shows $42 billion net loss and AI safety risksA prospectus seen by Reuters shows Anthropic recorded a roughly $42 billion net loss in 2025, according to Augment's account of the report. About $34 billion was a non-cash…
- ET Government reports: Central Bank of UAE grants in-principle payment licenses to PhonePeThe Central Bank of the UAE has granted Indian digital payments company PhonePe in-principle approval for two licenses covering Retail Payment Services, Card Schemes, and Stored…
- BBC reports: Paramount settles state lawsuit, clearing way for $110 billion Warner Bros mergerParamount has settled a lawsuit with U.S. states, removing a key obstacle to its proposed $110 billion merger with Warner Bros. Under the agreement, Paramount agreed to produce…
- Tata Sons boardroom dispute intensifies over chairman re-appointment and IPO mandate, BBC reportsThe boardroom conflict at Tata Sons has escalated over the proposed re-appointment of its chairman and a directive ordering the holding company to go public, according to a BBC…
- Google picks Finland for €13bn data centre expansion in its largest European investmentGoogle has selected Finland for a €13 billion data centre expansion project, marking its largest single investment in Europe. According to the company, the project is expected to…
- BBC reports: Jaguar Land Rover to cut 4,000 jobs over two years amid tariff and EV pressuresJaguar Land Rover is cutting 4,000 jobs over the next two years as it struggles with falling sales and competition from Chinese rivals. The workforce reduction follows…