India's largest private sector Bank, HDFC Bank, announced an 18.5% increase in its net profit for the October-December quarter on Saturday, helped by higher top-line and loan growth.   The net profit for the quarter was 122.59 billion rupees ($1.51 billion), up from 103.42...

After it fails to meet the estimates of Wall Street for delivery of its vehicles for 2022, the electric car maker Tesla Inc has challenged its Rivals by slashing its prices globally for its electric cars by as much as 20% and thereby has furthered its aggressive strategy of discounting to combat...

Chinese authorities are planning to re-release Didi Global's ride-hailing and other apps on domestic app stores as soon as next week, according to a report by Reuters quoting information from sources. This step is a signal of the end of their two-year regulatory crackdown on the technology sector....

Tesla reduced prices on its electric cars in the United States and Europe, according to the automaker's website, broadening a new assertive discounting strategic plan after falling short of Wall Street delivery estimates.   According to calculations made by the media, the US price...

Taiwanese chipmaker TSMC warned on Thursday that first-quarter revenue could fall by up to 5% and that annual investment would be reduced as the major Apple Inc supplier anticipates softer demand due to a slowing global economy.   The bearish outlook comes on the heels of a 78% increase in...

Luxury car maker Porsche is contemplating complete integration of Google software into its car cockpit, according to reports quoting sources, signaling a change in its strategy for carmaker that has got itself listed .   The agreement, which is only being viewed...

BMW said on Tuesday that fourth-quarter group sales increased 10.6%, helped by fewer supply chain bottlenecks in a year marred by war in Ukraine and Chinese lockdowns.   Full-year deliveries fell 4.8%, with Europe and China being the hardest hit by supply chain issues that slowed output,...

Microsoft Corp is holding negotiations OpenAI, the owner of ChatGPT,  for making an investment in the company to the tune of $10 billion whch has valued the San Francisco-based company at $29 billion, according to Semafor, whch cited information from sources with the matter.  ...

The Swiss National Bank reported an annual loss of 132 billion Swiss francs ($143 billion) in 2022, the largest in its 115-year history, as the value of its share and bond portfolio fell due to falling stock and fixed-income markets.   A stronger Swiss franc had a negative impact as well....

Wall Street banking giant, Goldman Sachs Group will begin cutting thousands of jobs across the firm on Wednesday as it prepares for a difficult economic environment in the coming year, according to reports quoting sources familiar with the matter.   According to one of the sources, the job...

The Alzheimer's drug lecanemab, developed by Eisai Co Ltd and Biogen Inc, was approved by the US Food and Drug Administration on Friday for patients in the early stages of the mind-wasting disease.   Eisai and Biogen announced on Saturday that the Japanese pharmaceutical company had applied...