The latest companies stories, updated through the day.
Low-entry price points, a revamped direct distribution setup, and portfolio diversification are driving over 25% revenue growth for the hair oil maker even as sector peers grapple with muted volumes.
Micron reaches a labour agreement with its Taichung union in Taiwan as a separate Taoyuan union prepares for an October 22 strike over bonuses.
India is investigating Pernod Ricard and Diageo over the classification of bulk Scotch imports for reduced tariffs under the India-UK trade deal. The companies also face scrutiny over alleged use of prohibited flavouring in some alcoholic drinks. Both say they are cooperating with authorities.
Bhart Hotels Limited will split its upcoming 1,000-room inventory between owned properties and management contracts as it steps up expansion
Anthropic reported a first-half net loss exceeding $80 billion, largely due to accounting charges, while revenue surged to $16.3 billion. The company also projected massive future spending on computing capacity, underscoring the high costs of the AI race.
The company has set up five divisional boards to provide strategic advice to its numerous business divisions.
Indian-origin inventor Rahul Agarwal secured a $350,000 deal from Lori Greiner and Mindy Kaling on Shark Tank USA for Polygons, his origami-inspired measuring spoons. The magnetic tools fold flat for storage and replace six conventional spoons with two, offering three measurements in a compact set.
Boeing Co. won US regulator approval for its 737 Max 10 jet, capping off a lengthy certification saga for the planemaker’s family of narrowbody aircraft that was disrupted by two fatal crashes and a series of quality lapses.
Tesla and SpaceX have formed independent special committees to consider a potential merger that could create a company valued at about $3.5 trillion. Elon Musk says he will not participate in committee discussions, and stressed that no deal has been agreed and a merger may never happen.
India's insurance regulator is planning significant reforms to the insurance distribution system, aiming for implementation soon. Proposed changes include capping commissions for brokers and reducing management expenses over time. These measures could substantially impact insurance-linked stocks and…
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