business

General Motors reported a 35% decline in second-quarter profit, reaching $1.89 billion, but exceeded Wall Street expectations. Despite tariff-related challenges, GM maintained its full-year earnings forecast, offsetting impacts through cost initiatives and strategic pricing. The company’s EV sales increased, reaffirming its commitment to electric vehicle production amidst broader industry strains from trade policies.

Several large companies, including Reliance, Adani, and Mahindra, are eager to collaborate with the Indian government on its Rs 60,000-crore ITI upgradation scheme. These partnerships aim to establish ‘hub and spoke ITIs,’ providing industry-aligned skills training to two million youth over five years. The initiative, backed by funding from the Centre, states, and industry, focuses…

AstraZeneca is set to invest $50 billion in the U.S., featuring a large manufacturing plant in Virginia, marking its biggest manufacturing investment. This move aligns with the company’s expectation that 50% of its revenue will come from the U.S. by 2030. The decision comes amid rising tariff pressures from the Trump administration, aiming to bolster…

JP Morgan reports India is a safe emerging market. Falling inflation and improved liquidity support growth. India’s GDP is projected to grow the most in 2025. Demand stimulus and rural economy rebound aid growth. JP Morgan has assigned an ‘Overweight’ rating to India. Improving macro factors make India a key market. Investors are showing rising…

Eternal’s shares surged nearly 15% following a strong quarterly revenue report, driven by Blinkit’s impressive growth, which surpassed Zomato’s for the first time. Blinkit’s net order value rose 127% year-on-year, reaching Rs 9,203 crore. Analysts have raised price targets and upgraded ratings, citing Blinkit’s growth and improved margins.

Asian markets are near a four-year high, buoyed by Wall Street’s record close and optimism about corporate earnings. Investors are closely monitoring global trade developments, particularly US tariff talks. Despite a setback in weekend elections, Japan’s Prime Minister intends to remain in office, with markets reacting calmly.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 went above 25,100, BSE Sensex was up over 150 points.

CoinDCX experienced a $44 million security breach from an internal operational account, prompting a recovery bounty. Customer funds remained secure as the company absorbed the loss. This incident, following previous breaches at WazirX and BuyUcoin, highlights ongoing concerns about operational security within Indian crypto exchanges, emphasizing platform-specific failures rather than regulatory gaps.

Abu Dhabi Investment Authority (ADIA) is set to invest $200 million for a 3% stake in the Indian medical device company, Meril, valuing the company at $6.6 billion. This investment, pending regulatory approval, will position Meril with backing from both ADIA and Warburg Pincus. The funding aims to accelerate Meril’s growth and R&D efforts in…