Business
Nvidia Appeals to US Over China Chip Export Curbs Says ‘No Such Thing as a Good Blacklist’ in Global Tech Nvidia has issued a strong message directed at both the Chinese government and the Biden administration, urging cooperation over confrontation in the global chip trade. The statement comes amid tightening U.S. restrictions on advanced semiconductor […]
Business
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 21% year-on-year increase in consolidated revenue for the first quarter of fiscal year 2026, reaching ₹9,126 crore. The growth was driven primarily by strong performance in the logistics segment, which doubled in revenue, and marine services, which saw nearly a threefold increase. Profit and EBITDA […]
Business Industry
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 […]
Business
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 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