Business

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.

Tim Cook will step down as Apple's CEO in September, with hardware chief John Ternus named as his successor. The transition comes as Apple's App Store business faces regulatory and legal pressure on its 30% commission model. Investors will focus on whether Ternus can defend services margins through the leadership

Coupang (CPNG) is doubling down on its identified product segment sweet spot, directing operational and capital resources toward the categories where its vertically integrated logistics network holds the strongest competitive position. The strategic concentration targets improved inventory efficiency, margin per order,

India's EV market is expanding rapidly but charging infrastructure is failing to keep pace with projected demand, creating a supply-side constraint. The gap between vehicle growth and station availability risks slowing adoption and pressuring automakers, fleet operators, and energy investors who have priced in

Grant Cardone disclosed he holds debt on $2.2 billion in real estate, defending the position as deliberate leverage strategy while acknowledging widespread public criticism. The statement draws attention to refinancing and rate exposure risks that have intensified across leveraged commercial real estate since 2022. No

Judge Dale Ho in Manhattan denied Bayer's request to block Johnson & Johnson's advertising claiming Erleada cuts prostate cancer mortality risk by 51%, finding Bayer unlikely to prevail on its false advertising claims. The ruling leaves J&J's marketing campaign intact while the underlying lawsuit continues. Nubeqa and

Lahore 1947, produced by Aamir Khan and directed by Rajkumar Santoshi, is likely to be retitled Batwara 1947, per sources cited by Bollywood Hungama. The change reflects a desire for a title better suited to the film's Partition narrative beyond its city-specific reference. The period drama, also starring Sunny Deol,

Lakeland Industries held its Q4 2026 earnings call, though specific financial results were not included in the available source material. Investors tracking the protective clothing manufacturer should reference the official earnings release and SEC filings for revenue, margin, and guidance details.

A central industrial safety team will investigate the boiler explosion at Vedanta's Sakti power plant in Chhattisgarh that killed 21 workers and injured 14. The probe, initiated after a state boiler inspector's report, escalates oversight beyond the state level and could result in penalties or operational restrictions