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Financial Express Lucknow

Uber Shares Fall as Revenue Miss Clouds

UBER TECHNOLOGIES MISSED quarterly revenue estimates as growth in its ride-hailing unit slowed to its weakest since the pandemic, stirring fears of slowing demand against the backdrop of a murky economic outlook and clouding an upbeat forecast.

1 min  |

May 08, 2025

Financial Express Lucknow

Stellantis gears up to bring Chinese EV startup to India

STELLANTIS, THE WORLD'S fourth-biggest automaker headquartered in the Netherlands, is preparing to bring Chinese electric vehicle (EV) startup Leapmotor to the Indian market.

1 min  |

May 08, 2025

Financial Express Lucknow

Telecom majors see pickup in fixed wireless access

FIXED WIRELESS ACCESS (FWA), which leverages 5G spectrum to deliver high-speed home internet without requiring fibre connectivity, is gaining steady traction.

2 min  |

May 08, 2025

Financial Express Lucknow

Goyal to meet exporters today

Commerce and Industry minister Piyush Goyal will meet representatives of export promotion councils (EPCs) in New Delhi on Thursday to discuss matters related to the free trade agreement with the UK, an industry official said on Wednesday.

1 min  |

May 08, 2025

Financial Express Lucknow

Jio leads user addition in March

RELIANCE JIO CONTINUED to lead the monthly mobile subscriber additions for the second month in a row, registering 2.17 million new users in March, according to the data released by the Telecom Regulatory Authority of India (Trai).

1 min  |

May 08, 2025

Financial Express Lucknow

Deutsche Arm, Nippon Life in Talks for India AMC JV

DEUTSCHE BANK'S INVESTMENT arm DWS is in talks to form an asset management joint venture in India with Japanese insurer Nippon Life, sources said, as the German company seeks to expand in Asia.

1 min  |

May 08, 2025

Financial Express Lucknow

Nexus Select Trust acquires Ludhiana mall, hotel for ₹531 cr

NEXUS SELECT TRUST on Wednesday said it has completed the acquisition of a commercial complex comprising a shopping mall and a hotel in Ludhiana for an enterprise value of ₹531 crore.

1 min  |

May 08, 2025

Financial Express Lucknow

War and markets: Lessons for investors from past conflicts

THE MARKETS STABILISED after initial nervousness and apprehension about the Operation Sindoor and its impact.

2 min  |

May 08, 2025

Financial Express Lucknow

Tesla's Woes in China Deepen With 6% Fall in April EV Sales

Tesla’s China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in Europe.

1 min  |

May 08, 2025

Financial Express Lucknow

Going 'glocal' for talent

IBM SETS UP NEW SOFTWARE LABS IN TIER II CITIES

2 min  |

May 08, 2025

Financial Express Lucknow

Co-working supply to hit 125 mn sq ft by 2027, says Icra

THE FLEXIBLE /CO-WORKING office supply will increase at a compound annual growth rate (CAGR) of 21-22% during FY25-FY27 and reach ~125 million square feet by March 2027 from ~80 million sq ft as of December 2024 for the top six cities—Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune, a report by rating firm Icra showed.

1 min  |

May 08, 2025

Financial Express Lucknow

PNB Net Profit Surges 52% as Provisions Fall

PUNJAB NATIONAL BANK on Wednesday reported a 51.7% year-on-year jump in its net profit to ₹4,567 crore for the fourth quarter of the previous financial year, helped by a sharp fall in provisions for bad loans and an increase in other income.

1 min  |

May 08, 2025

Financial Express Lucknow

Over 300 flights cancelled; 25 airports shut

Targets were scouted, precision weaponry used

3 min  |

May 08, 2025

Financial Express Lucknow

2.8 MT rice allotted for ethanol blending

With an aim to reduce stockpile, the food ministry has allocated 2.8 million tonne (MT) from the central pool to be supplied to distilleries for ethanol production at a subsidised rate of ₹2,250 per quintal.

1 min  |

May 08, 2025

Financial Express Lucknow

DCC to help Indian IT workers in UK save big

INDIA AND THE UK's decision to avoid double contribution to social security funds by Indian professionals working temporarily in the UK is expected to have a positive impact on Indian companies operating there, especially for IT service providers.

1 min  |

May 08, 2025

Financial Express Lucknow

Disney Adds 1.4 Million Subscribers

Disney posted solid profits and revenue in the second quarter as its domestic theme parks thrived and the company added well over a million subscribers to its streaming service.

2 min  |

May 08, 2025

Financial Express Lucknow

Elexio charges ahead: Hyundai's bold move in China's EV market

HYUNDAI MOTOR CO. is set to launch its first battery electric vehicle specifically for the Chinese market as the carmaker seeks to counter local competition and reverse slumping sales.

1 min  |

May 08, 2025

Financial Express Lucknow

Good news for consumers, domestic alcohol firms unhappy

CONSUMERS OF scotch whisky and gin may find their favourite brands becoming cheaper, thanks to the India-UK FTA which will lead to import duty on them being halved to 75% from 150%.

2 min  |

May 08, 2025

Financial Express Lucknow

Rethinking the state's role

A landmark ruling on May 2, the Supreme Court of India ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) while disposing of an appeal filed in 2020.

4 min  |

May 07, 2025

Financial Express Lucknow

Prime homes: Bengaluru 4th globally

BENGALURU, MUMBAI, AND Delhi have been ranked among the top 15 global cities for prime residential price growth in Q1 2025, according to Knight Frank.

1 min  |

May 07, 2025

Financial Express Lucknow

Microsoft blocks OpenAI's rejig plan

AFTER MONTHS OF public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company, but its restructuring plans still have not received the blessing of a major stakeholder: Microsoft Corp.

1 min  |

May 07, 2025

Financial Express Lucknow

Pharma Stocks Fall on Fresh Tariff Threats

DEEP DECLINE

1 min  |

May 07, 2025

Financial Express Lucknow

Ola Rejigs Structure to Consolidate Brand IPs

OLA GROUP is reorganising its corporate structure by establishing a holding company to consolidate its brand intellectual property (IP) assets, aiming to streamline internal ownership arrangements.

1 min  |

May 07, 2025

Financial Express Lucknow

OpenAI row: Panel set up to review copyright law

THE GOVERNMENT HAS set up a panel to review if existing copyright law is sufficient to tackle AI-related disputes, an official memo showed, at a time when OpenAI faces legal challenges stemming from accusations of exploiting copyrighted material.

1 min  |

May 07, 2025

Financial Express Lucknow

Gaganyaan mission slated for first quarter of 2027: Isro chief

THE LAUNCH OF India's maiden human space flight — Gaganyaan — has been pushed to the first quarter of 2027, nearly five years later than the original schedule as it races to ace technologies for such complex projects.

1 min  |

May 07, 2025

Financial Express Lucknow

Coforge sees large deals, AI driving growth

MID-CAP IT SERVICES firm Coforge is projecting strong growth in FY26, buoyed by a steady pipeline of large deals and rising demand for AI-driven solutions.

2 min  |

May 07, 2025

Financial Express Lucknow

Sebi mulls separate voluntary delisting of select PSUs

Making It Simple

2 min  |

May 07, 2025

Financial Express Lucknow

India will retaliate if EU goes ahead with carbon tax: Goyal

AS INDIA AND the European Union (EU) speed up negotiations on a free trade agreement (FTA), New Delhi has warned the 27-member bloc that any move to go ahead with its carbon tax on imports will invite retaliation.

1 min  |

May 07, 2025

Financial Express Lucknow

Ather Energy makes muted market debut

THE MUCH-AWAITED IPO of Ather Energy failed to impress investors, with the company's shares listing at a modest 2% premium over the issue price.

1 min  |

May 07, 2025

Financial Express Lucknow

Dream Sports inks pact with Microsoft

DREAM SPORTS, THE parent firm of fantasy gaming major Dream11, on Tuesday announced a strategic gaming collaboration with Microsoft.

1 min  |

May 07, 2025