Astera Labs, the Santa Clara-based semiconductor powerhouse, is making waves in the tech industry after reporting an outstanding third-quarter earnings performance. The company’s robust financials underscored its pivotal role in the booming artificial intelligence (AI) sector. With demand for high-speed data transfer solutions soaring, Astera Labs’ strategic investments and product innovations have propelled it to […]
In a financial shocker, Deckers Outdoor Corporation, the powerhouse behind popular brands like Hoka and Ugg, has delivered an earnings report that is nothing short of groundbreaking. The company, known for its so-called “ugly shoe” designs, is defying market trends by outperforming even the tech sector’s leading players, including household names like Apple, Amazon, and […]
As Virginia’s energy demand surges at a rate of over 5% annually, Dominion Energy Virginia and Amazon have signed a Memorandum of Understanding (MOU) to explore the development of Small Modular Reactors (SMRs). With power needs expected to double in the next 15 years, the collaboration seeks to implement SMRs as a sustainable and reliable […]
Nvidia’s stock has surged to new highs for the first time in four months, buoyed by the unwavering demand for AI technologies and the strong momentum of its next-generation Blackwell GPU. On Monday, Nvidia’s share price reached an intraday high of $139.41, nearing its all-time peak of $140.76, which was previously set in June. This […]
Dick’s Sporting Goods, the popular U.S.-based retailer, has announced plans to hire only 8,000 seasonal workers for the upcoming holiday season, marking a significant reduction compared to the previous year. This 600-worker decrease reflects growing concerns about consumer spending trends and economic uncertainty in the retail sector. Despite the cut, Dick’s is determined to maintain […]
Modi Naturals Limited, known for its multisource cooking oils and olive oil brands, has made a strategic move into the health-conscious market by launching a new line of multigrain pasta under its Oleev Kitchen brand. With the growing demand for healthier, nutritious food alternatives, Modi Naturals is positioning itself to capture a larger share of […]
Softbank-backed Indian food delivery giant Swiggy is reportedly poised to make waves in the stock market as it plans to file for an initial public offering (IPO) this week, aiming to raise more than $1 billion, as reported by Bloomberg. The Bengaluru-based company is set to join a surge of companies tapping into India’s booming […]
Nvidia, the leading AI chipmaker, is facing a steep decline in its market capitalization, now valued at approximately $2.02 trillion. This comes as the United States Department of Justice (DOJ) intensifies an antitrust investigation into Nvidia’s business practices, which has raised serious concerns among investors. The DOJ’s probe focuses on allegations that Nvidia penalizes customers […]
The Indian tribunal has approved an $8.5 billion merger between Reliance Industries Limited and Walt Disney Co.’s Indian media assets, setting the stage for a seismic shift in India’s entertainment industry. The merger, announced in February 2024, brings together Reliance, Viacom18 Media Private Limited, and Disney to form a joint venture, creating an unprecedented media […]
Axis Bank, one of India’s leading private sector banks, is set to enhance customer relationships with the launch of the second edition of its ‘Sparsh Week 2024’. Running from August 5th to 9th, this customer-centric initiative aims to reinforce the bank’s commitment to “delighting customers every day.” The week will feature a variety of activities […]