Business Industry

Apple Shifts iPhone Production to India

By BPN News Desk
Apple CEO Tim Cook has confirmed that most of the iPhones sold in the United States during the last quarter were assembled in India. This marks a significant shift in Apple’s global manufacturing strategy, showing the tech giant’s growing confidence in India’s production capabilities. Vietnam Now Major Hub for Other Apple Devices While India has […]
X account @Swiggy
Business

Swiggy Q1 Loss Nearly Doubles as Revenue Jumps 54%

By BPN News Desk
Swiggy, the Indian food and quick-commerce delivery platform, reported a sharp rise in its net loss for the first quarter of fiscal year 2026. Despite a substantial boost in revenue, mounting expenses tied to its grocery division pushed losses higher. Revenue Growth Doesn’t Offset High Costs For the April–June period, Swiggy’s operating revenue climbed 54% […]
Business

Cognizant Q2 Profit Up 14%, Lifts Annual Guidance

By BPN News Desk
Cognizant reported a 14% rise in net profit for the second quarter of 2025, reaching $645 million, or $1.31 per share, surpassing market expectations. Revenue stood at $5.25 billion, showing an 8.1% increase year-on-year, driven by steady demand across key sectors and geographies. Full-Year Outlook Raised Buoyed by better-than-expected results, Cognizant revised its
Business

Microsoft Says Layoffs Not Linked to H‑1B Visas

By BPN News Desk
Microsoft has stated that its recent job cuts, which affected around 9,000 employees globally, are not related to the company’s use of the H‑1B visa program. The clarification comes in response to political criticism suggesting that the company laid off American workers while continuing to bring in foreign talent. Political Criticism from U.S. Leadership U.S. […]

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