Category: Bussiness

[ad_1] Experts, however, advise that India should retain the right to set and revise local content criteria, especially to prioritise domestic suppliers for national interest objectives | Photo Credit: MicroStockHub The UK hopes to gain a larger part of India’s government procurement business once the recently concluded India-UK free trade agreement (FTA) is implemented, as…

[ad_1] Nearly 300,000 people filed their Self Assessment tax returns in the first week of the new tax year — the highest number ever recorded during the opening week of filing, according to HM Revenue and Customs (HMRC). The figures show that 299,419 returns were submitted between 6 and 12 April, almost 10 months ahead…

[ad_1] Shares of Novo Nordisk (NYSE:NVO) jumped on Wednesday after it said sales of its blockbuster Wegovy weight loss drug were seen improving in the second half of the year as the availability of copycat compounded drugs is phased out. The Danish pharmaceutical giant reported lower-than-expected first-quarter sales of its flagship obesity drug…

[ad_1] Punjab National Bank (PNB) on Wednesday said that it received ₹3,000 crore from JSW Steel for acquiring Bhushan Power and Steel (BSPL) and will soon sit with other lenders to decide future course of legal action. Meanwhile, the bank said that its net profit has more than doubled in the fiscal year 2024-25 and…

[ad_1] Uber (NASDAQ:UBER) reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell $5.15, or 6% following the report to $56.62. Earnings per share proved to be 83 cents vs. 50 cents expected. Revenue: $11.53 billion vs. $11.62 billion expected. Revenue…

[ad_1] Moto Book 60 | Photo Credit: Bijoy Ghosh In a world of laptops dominated by sleek grey slabs and cookie-cutter specs, the Moto Book 60 dares to do things a little differently. With bold Pantone colours, a razor-sharp OLED display, and a surprising set of features tucked under its ultra-light frame, this new device…

[ad_1] A majority of British companies say that rising and unstable energy costs are undermining their growth plans, with firms warning that soaring electricity prices are threatening profitability, competitiveness, and the UK’s industrial future. According to a new EY survey, three in five UK businesses reported that high energy prices are hampering their ability to…

[ad_1] The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels in the week ending May 2, after analysts had estimated a 2.5-million-barrel draw. The API reported a 3.76 million barrel inventory hike in the prior week. So far this year,…

[ad_1] India continues to ramp up capacity by attracting new investments in the sector. | Photo Credit: Siva SaravananS The India-UK free trade agreement, signed on Tuesday, will boost textile and clothing exports to that country by bringing down the duty to nil from 12 per cent and compete with other Asian countries for a…

[ad_1] UK investors pulled a staggering £1.2 billion from fixed income funds in April, the fastest pace of bond outflows since the early pandemic panic of April 2020, according to new data from global funds network Calastone. The sell-off came as President Trump’s April 2 “Liberation Day” tariff announcement sparked global market volatility and raised…