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Apple reported record sales as Tim Cook stepped down as CEO, but warned of supply chain pressure from a RAM chip shortage dubbed RAMaggedon. The shortage could limit device production across Apple's product lines, threatening future revenue. The impact will depend on how severe and prolonged the supply crunch turns out
Air India is cutting roughly 100 flights daily due to rising jet fuel costs, with the biggest reductions on routes to Europe, North America, Australia, and Singapore. The Federation of Indian Airlines has warned of wider service suspensions unless the government steps in with cost relief. Travelers on these routes may
Apple posted $57 billion in iPhone revenue for the March 2026 quarter, up 22 percent, with total revenue reaching $111.2 billion. Chip shortages limited supply even as CEO Tim Cook said demand was "off the charts." The results come days after Apple announced Cook's September retirement and named John Ternus as his
The DoT has cut Vodafone Idea's AGR liabilities by about 27%, reducing the dues the telecom firm owes the government. This directly lowers Vodafone Idea's debt burden, which has been a core threat to its financial survival. The reduction could improve its ability to raise funds and invest in its network.
DoT has finalised Vodafone Idea's AGR dues at ₹64,046 crore, down from ₹87,695 crore, after Supreme Court directions. The reduction of about ₹23,649 crore, combined with a staggered payment option, eases the company's debt pressure. The dues are calculated as of December 31, 2025.
Meta reported $56.3 billion in Q1 2026 revenue, up 33%, with net profit of $26.8 billion. The strong results come just as the company prepares a large round of layoffs aimed at cutting costs and redirecting capital toward AI. The scale and timing of the cuts have not yet been disclosed.
Rajiv Bajaj will not seek re-election to the Bajaj Finance board at the AGM scheduled for July 30, 2026, ending his tenure as a non-executive director. The exit marks a notable governance change at one of India's largest consumer lenders. Investors will watch for any successor announcement.
Air India, IndiGo, and SpiceJet have jointly appealed to the government for ATF price relief, warning the airline industry is near a breaking point. Rising oil prices from West Asia tensions and airspace rerouting are compounding fuel costs on long-haul routes. No government response has been announced yet.
Reliance Industries became the first Indian company to report annual net profit above $10 billion. The result surpasses the combined profits of India's top IT firms, marking a new high for Indian corporate earnings. No timeline for next results was specified in the announcement.
Reliance Industries reported a record net profit of Rs 95,610 crore in FY26, becoming the first Indian company to surpass $10 billion in annual earnings. Strong growth at Jio and Reliance Retail, which crossed 20,000 stores, offset weakness in the oil-to-chemicals segment.
Sun Pharmaceutical Industries has agreed to acquire Organon & Co in an all-cash deal worth about $11.75 billion, including debt, at $14.00 per share. The deal gives Sun Pharma full ownership of Organon's women's health, biosimilars, and established medicines businesses. This is one of the largest foreign acquisitions
Sun Pharmaceutical Industries has announced a $11.75 billion acquisition of Organon & Co., a major US pharma firm with a presence in over 140 countries. The deal significantly expands Sun Pharma's women's health and biosimilars portfolio. Financing terms and regulatory clearances across multiple markets are the key
Sun Pharma has agreed to buy U.S. healthcare firm Organon in an $11.75 billion deal. Organon, a Merck spinoff from 2021, operates in women's health, biosimilars, and branded medicines. The deal would be Sun Pharma's biggest acquisition to date.
Sun Pharma has agreed to acquire Organon & Co. for $11.75 billion in an all-cash deal, one of India's largest pharma acquisitions. The merger pushes Sun Pharma into the global top 25 by revenue and establishes it as a top-10 biosimilar player. The deal is expected to close in early 2027, pending regulatory and
Nvidia has leased 7,60,000 sq ft in Bengaluru on a 10-year term, its largest single office anywhere and India's biggest office deal on record. The move takes Nvidia's total India footprint past 11.35 lakh sq ft across six cities. The expansion is tied to growing global AI demand and access to India's engineering talent
Sun Pharmaceutical Industries has agreed to acquire U.S.-based Organon & Co in an all-cash deal worth $11.75 billion. The deal would be one of the largest overseas acquisitions by an Indian pharma company and expands Sun Pharma's presence in women's health, biosimilars, and branded medicines.
Sun Pharma is set to acquire US drugmaker Organon for $12.5 billion, paying $4.5 billion in equity and assuming $8.5 billion in debt. The deal, Sun's largest ever, beats out a rival EQT-Gruenthal consortium bid. An official announcement is expected Sunday night or by Monday.
Apple has named John Ternus, its head of Hardware Engineering, as the company's new CEO. The transition is the first at Apple since Tim Cook took over in 2011, making it a major leadership shift at one of the world's largest companies.
The CEOs of Toyota, Honda, and Ford have publicly warned that Chinese automaker competition threatens their companies' survival. Chinese rivals, aided by state subsidies and lower costs, are undercutting global auto brands on price. The warnings point to possible margin pressure and strategic shifts across the sector.
Meta is laying off about 10% of its workforce, citing the need to redirect costs toward AI spending. The company's stock fell on the announcement, reflecting investor concern about execution risk. No specific timeline or affected divisions were disclosed.