FedEx ties up with Invest India to boost SMEs growth
20 Nov
Business News

FedEx ties up with Invest India to boost SMEs growth

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Business new tamfitronics MUMBAI: Express transportation firm FedEx on Monday said it has collaborated with Invest India to boost the growth of domestic small businesses by providing them with access to global markets, capacity building, and branding opportunities to support the central government's 'One District-One Product' (ODOP) initiative. FedEx said it will leverage its global network and logistics expertise to empower SMEs to access international markets and streamline shipping processes. The company said it aims to enhance brand visibility and product quality for artisans by leading webinars, workshops, and on-ground events in association with Invest India, enabling SMEs to showcase their unique products from India's diverse districts to international buyers. Collaborating with Invest India, FedEx will integrate ODOP clusters into its SME Connect platform to promote knowledge sharing and practical training for small...
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A stronger Ozempic, a Boeing supplier in trouble, and a simpler Starbucks: Business news roundup
11 Nov
Business News

A stronger Ozempic, a Boeing supplier in trouble, and a simpler Starbucks: Business news roundup

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Business new tamfitronics Image: NurPhoto / Contributor (Getty Images), timnewman (Getty Images), NurPhoto / Contributor (Getty Images), Jeffrey Greenberg/Universal Images Group (Getty Images), Photo: David Ryder (Getty Images), Jason Redmond/AFP (Getty Images), Win McNamee (Getty Images), DIMA GAVRYSH (AP)Image: NurPhoto / Contributor (Getty Images)Novo Nordisk (NGOs) teased some new details about a potential Ozempic successor during a call with investors Tuesday.The Danish pharma giant fielded several questions from interested analysts about its next-gen GLP-1 medication CagriSema, regarding its efficacy, safety, and supply chain. Read MorePills are displayed with open pill bottles on top of a white counter top in the kitchen.Image: timnewman (Getty Images)Viking Therapeutics (VKTX) released new clinical trial data on Sunday for its experimental weight-loss drugs, which include a highly anticipated oral pill. Read MorePhoto: David Ryder (Getty Images)A major Boeing (BA) supplier...
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Tata Steel back in black, net at Rs 759cr
09 Nov
Business News

Tata Steel back in black, net at Rs 759cr

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Business new tamfitronics NEW DELHI: Tata Steel on Wednesday reported a net profit of Rs 759 crore for Sept 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 6,511 crore in July-Sept of 2023-24 fiscal, the company said in an exchange filing. The company's total income fell to Rs 54,503 crore in second quarter against Rs 55,910 crore in the same period a year ago.Tata Steel reduced expenses to Rs 52,332 crore from Rs 55,853 crore in year-ago quarter. In a separate statement, Tata Steel CEO and MD TV Narendran said global operating environment remained complex, with key regions facing subdued growth. Macroeconomic conditions in China continued to weigh on commodity prices, including steel. agencies
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Nvidia pips Apple to be most-valued co
09 Nov
Business News

Nvidia pips Apple to be most-valued co

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Business new tamfitronics Nvidia Corp became the largest company in the world on Tuesday, surpassing Apple and underscoring just how dominant artificial intelligence has become on Wall Street.Shares rose 2.9% to over $139.9, resulting in a market capitalisation of $3.43 trillion, ahead of Apple at $3.38 trillion. Microsoft Corp, which Nvidia passed last month, has a market cap of nearly $3.1 trillion. Nvidia has soared more than 850% since the end of 2022. "Over the past several quarters, it has felt like people basically care about inflation numbers, job numbers, and Nvidia numbers," said Fall Ainina, director of research at James Investment Research. "Nvidia overtaking Apple in market cap not only conveys that it is the biggest beneficiary of the AI infrastructure cycle, but it suggests people expect the AI boom will continue." The...
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