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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.
Shares of Eternal, parent company of Zomato and Blinkit, surged nearly 15% on July 22, hitting an all-time high of Rs 311.25 on the NSE.
Blinkit's rapid expansion has significantly boosted Eternal CEO Deepinder Goyal's wealth, increasing it by Rs 2,000 crore in two trading sessions. Eternal's stock surged, driven by Blinkit surpassing Zomato in net order value. This rall ...more
Corporate tax rates have been gradually reduced since 2016 while phasing out the exemptions and incentives
Jubilant Bhartia Group has completed the acquisition of a 40% equity stake in Hindustan Coca-Cola Holdings Private Limited
The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, confirming GST compensation cess demand of ₹258.67 crore, along with penalty of ₹258.67 crore
Its sales were down 4.38% to ₹1,420.64 crore during the quarter under review
India has officially ratified the Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA), submitting the ratification document to Norway. Expected to be implemented by October 1, the agreement an ...more
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