Business

Tesla is leaning on its energy storage division to compensate for shrinking automotive margins and declining regulatory credit income. The shift reflects sustained vehicle price cuts and an expected drop in credit purchases from legacy automakers building their own EV fleets. Megapack and Powerwall deployment rates

Anke Greifeneder, a programming executive at Warner Bros. Discovery and HBO Max, will receive Deadline's 2026 German TV Disruptor award at Seriencamp in Cologne. The recognition highlights the growing strategic weight of local-language programming executives within major streaming platforms competing in European

Prime Minister Narendra Modi will inaugurate India's first greenfield integrated refinery-cum-petrochemical complex at Pachpadra, Rajasthan. The integrated configuration combines refining and petrochemical output under one facility, with potential to reduce import dependence for both fuels and chemical intermediates in

A fire broke out at the HRRL refinery in Rajasthan just one day before Prime Minister Modi was set to inaugurate the ₹79,459 crore joint venture between HPCL and the Rajasthan government. The incident raises questions about commissioning readiness and could delay the formal launch of one of India's major downstream

India's power transmission and distribution sector is projected to attract INR 9 trillion in capital expenditure through 2032. Supply-side constraints, including high capacity utilization and extended lead times for high-voltage transformers, are creating near-term ordering delays but do not alter the long-term demand

Groww reported Rs 686 crore in net profit for Q4 FY26, more than doubling year-on-year, as revenue from operations jumped 88% to Rs 1,505 crore. The results reinforce Groww's position as one of India's most profitable fintech platforms amid a retail investing boom. Financials were sourced from NSE filings; further

Razorpay is targeting a confidential IPO filing in India, seeking $600, 700 million at a $5, 6 billion valuation, down sharply from its $7.5 billion private mark. The listing faces scrutiny on growth sustainability and profitability, with peer PhonePe having paused its $1.3 billion IPO last month over West Asia conflict

Super Mario Galaxy Movie generated $83.2M globally this weekend, pushing its cumulative gross to $747.4M worldwide. The result drives the two-film Illumination-Nintendo-Universal franchise past $2 billion in total box office, a milestone reached across only two releases.

Charlie Ergen, founder of EchoStar and Dish Network, is positioned for a multi-billion-dollar gain on a SpaceX equity stake. The holding is notable given SpaceX's soaring private valuation and its direct competition with Ergen's satellite broadband businesses. Specific transaction details and any liquidity timeline

L3Harris Technologies has won a $465 million U.S. Army contract to develop a next-generation night-vision system, expanding its electro-optical and infrared sensing portfolio. The award reinforces L3Harris's position in soldier modernization programs and could carry follow-on production options that push total contract

HCLTech's Board of Directors will meet on April 20-21 to approve Q4FY26 earnings and consider a dividend declaration. The results will serve as an early indicator of IT sector demand, with analysts focused on revenue growth, EBIT margins, and FY27 guidance. An earnings call is expected to follow the board session.

Ford CEO Jim Farley publicly called for Chinese EVs to be excluded from the US market, saying the country 'should not let them into our country.' The statement intensifies automaker pressure on policymakers as 100% tariffs on Chinese EVs already hold. It positions Ford as a vocal advocate for sustained trade barriers

A trader who made approximately $250 million on Russian crude is now committing up to $60 million to Guyana's oil sector. The move signals capital migration from Russian commodity arbitrage toward frontier upstream markets as sanctions pressure compressed those trading margins. Guyana's rapid production growth has made

Imtiaz Developments has launched a Dubai real estate campaign featuring Hrithik Roshan and Khabib Nurmagomedov, directed by Siddharth Anand. The crossover targets South Asian, Middle Eastern, and Central Asian buyer segments simultaneously. CEO Masih Imtiaz wrote the script in-house, with production handled entirely by

Jim Cramer highlighted PepsiCo CEO Ramon Laguarta's innovation-focused strategy as a competitive differentiator for the company. The endorsement comes as consumer staples brands face private-label pressure and volume softness, making organic growth through new products a key valuation driver for PEP.

Berkshire Hathaway CEO Greg Abel has sold stocks previously managed by Todd Combs, who left the firm in December for JPMorgan Chase. The divestiture is the first clear sign of portfolio repositioning under Abel's leadership since he took over in January. Berkshire's next equity holdings disclosure will reveal the full

Judge Troy Nunley of California's Eastern District issued a preliminary injunction Friday blocking Nexstar's acquisition of Tegna TV stations, halting integration activity pending trial. The ruling, secured by DirecTV's lawsuit, introduces significant execution risk into one of broadcast television's largest pending

Netflix co-founder Reed Hastings has exited the company as it pursues its next growth chapter under co-CEOs Greg Peters and Ted Sarandos. The departure closes the founding era as Netflix leans into ad-supported streaming, password-sharing enforcement, and live content to sustain subscriber and revenue growth.

Federal Judge Troy Nunley blocked Nexstar's $6.2 billion merger with Tegna via preliminary injunction, ruling the deal violates antitrust law. The decision halts what would have been a landmark broadcast television consolidation, with California's Attorney General calling the merger flatly illegal. Nexstar must now

Meta is targeting May 20 for the first wave of layoffs in a multi-phase headcount reduction, with further cuts planned later in 2026. The phased structure signals sustained cost pressure rather than a one-time event, extending workforce uncertainty across the year. Total headcount figures and affected divisions have