NEW DELHI — Canadian investment giant Fairfax Financial Holdings has emerged as the strategic buyer for IDBI Bank, securing a 60.72% controlling stake in a landmark ₹52,878 crore deal recently approved by the Union Cabinet.
An analyst who follows the industry says there are four ways recent changes to fuel economy rules will shift investment toward the most profitable segments.
Morgan Stanley topped expectations on the top and bottom lines for the third quarter.
Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos, offering a rare look at costs involved in defending against AI.
Netflix will lay off roughly 6% of its workforce, according to a memo obtained by CNBC.
Walmart will offer Novo's Ozempic and Lilly's Mounjaro without charge for people with Type 2 diabetes after a new prior authorization.
JPMorgan, Wells Fargo, Goldman Sachs and Citigroup reported third-quarter earnings on Tuesday, with mixed results.
UnitedHealth Group said it expects 2026 adjusted earnings of at least $20.50 per share, up from a previous outlook of $19.50 to $20.00 per share.
The FAA warned U.S. airlines about flight risks over Saudi Arabia as Riyadh airport attacks disrupt travel and Delta weighs an Oct. 23 launch.
Delta planned to begin the route on Oct. 23, in what would have marked the first nonstop commercial flight between the U.S. and Saudi Arabia.
McDonald's is targeting growth in chicken and beverages, but Consumer Edge data shows Chick-fil-A and coffee chains gaining in customer spending.
"Starbucks is not buying Chipotle," a Starbucks spokesperson told CNBC.
Retail brands are shrinking assortments to get back to healthy growth, while box stores are culling products to better curate offerings and stabilize business.
Ticket resale values for Macklemore’s Red Rocks concert have risen sharply following his dismissal from Ed Sheeran’s Loop tour over pro‑Palestine remarks, while Sheeran’s own resale prices have slipped.
LONDON — Western nations have completely exhausted their available oil inventories, leaving the global energy market highly vulnerable to further supply shocks, according to Russell Hardy, chief executive of Vitol Group, the world’s largest independent oil trader.
LONDON — British Airways is undertaking a sweeping transformation of its Airbus A380 fleet, announcing plans to install a record-breaking 106-seat business class cabin that will occupy the aircraft’s entire upper deck.
NEWARK, Calif. — Lucid Group reported a 6.7% year-over-year decline in third-quarter vehicle deliveries, handing over 3,806 electric vehicles to customers while producing just 2,954 units. This marks a deliberate strategic pivot for the EV maker, which is actively cutting production to align with current market realities and sell down its existing inventory.
ATLANTA — Despite surging revenues and ambitious plans for international expansion, Chick-fil-A remains firmly committed to its roots as a privately held, family-owned enterprise. Under the leadership of third-generation CEO Andrew T. Cathy, the fast-food giant is actively growing its footprint and menu offerings while explicitly ruling out an initial public offering (IPO).
CAMBRIDGE, Mass. — AstraZeneca is aggressively expanding its oncology pipeline, with CEO Pascal Soriot revealing that a newly backed experimental drug could power the next generation of cancer combination therapies.
