Commerzbank reported on Thursday that net profit increased by 12% in the fourth quarter, helped by higher interest rates, capping a second consecutive profitable year as it undergoes a major restructuring.   Despite "another demanding year in view of the challenging environment," the bank...

Despite passing on higher raw material costs to customers by raising prices, Nestle reported a weaker-than-expected full year net profit.   The producer of Nescafe instant coffee and KitKat chocolate bars reported a decrease in net profit attributable to shareholders to 9.3 billion Swiss...

Tesla has raised the price of one version of its Model 3 sedan and Model Y crossover, the fourth price increase by the electric vehicle manufacturer since the start of the year.   Tesla raised the price of its Model Y performance crossover by $1,000 to $58,990, according to the company's...

With its record aircraft purchase, Air India has joined the ranks of ambitious international carriers.   It tentatively agreed on Tuesday to purchase nearly 500 aircraft from Airbus and Boeing to compete with domestic and foreign rivals.   According to those involved in the...

Palantir Technologies forecasted its first profitable year on Monday, saying it had slowed hiring, cut stock-based payouts, and reduced cloud computing investments in response to lower spending from recession-wary businesses.   The forecast, which came on the heels of better-than-expected...

According to reports quoting sources familiar with the issue, India's Adani Group has hired accountancy firm Grant Thornton to conduct independent audits of a number of its firms in an attempt to disprove claims by short-seller Hindenburg Research that have pummeled its stocks and...

According to Managing Director Bharat Kaushal, Hitachi India, a subsidiary of the Japanese conglomerate Hitachi, aims to contribute USD 20 billion in total consolidated global revenue to the parent company by 2030 with a "higher double-digit profit."   According to him, Hitachi India wants...

According to a Sunday report by Bloomberg News, India's Adani Group has cut down its revenue growth target by half and intends to reduce new capital expenditure.   On January 24 the US short-seller Hindenburg Research charged the...

A warning to major manufacturers of packaged goods has been issued by Walmart Inc. about the global retailer no longer willing to tolerate price increases, and is positioning its own private-label products as being alternatives that are less expensive compared to name-brand...

A newspaper interview published on Saturday shows that the CEO of Google's search engine has issued a warning against the drawbacks of artificial intelligence in chatbots, even as Google's parent company Alphabet fights it out to rival the blockbuster app ChatGPT,...

Disney CEO Bob Iger has stated that "everything is on the table" with Hulu.   The streaming service, which focuses on more adult-oriented general entertainment content such as the series "Only Murders in the Building" and the sci-fi thriller "Prey," is owned by Disney in two-thirds. Iger...