A new McKinsey report reveals that while grocery revenue grew in 2025, actual volumes bought by consumers dropped — suggesting value-driven buying.
Category: Business
S&P 500 and Nasdaq Rise as Trump-Iran Agreement Eases Market Fears
US stock indices climbed after Trump cancelled plans for further Iran strikes and SpaceX made its Nasdaq debut on the same day.
India-UK Free Trade Agreement to Come Into Force on July 15 2026
Prime Minister Modi and UK leaders announced the landmark India-UK FTA will enter into force on July 15 in what India calls its most comprehensive trade deal.
Trump Signs US-Iran Framework: Asian Markets Surge With Nikkei Crossing 71000
Following the signing of the US-Iran agreement, Asian benchmarks surged with Japan’s Nikkei 225 rising 1.9% to 71,233.
$300 Billion Private Investment Fund for Iran Detailed in US-Iran Agreement
More than half of a $300 billion private fund outlined in the US-Iran framework has already been committed by companies across the globe.
ByteDance on Track to Spend Over $1 Billion a Year on Microsoft AI Services
Microsoft’s AI business in China is booming with ByteDance its biggest customer, spending over a billion dollars annually on OpenAI models via Azure.
OpenAI Lost $3.7 Billion in Q1 While Revenues Hit $5.7 Billion
Internal shareholder documents reveal OpenAI’s massive losses even as revenues continue to climb at an unprecedented pace.
SpaceX Set to Acquire AI Coding Tool Cursor for $60 Billion in Stock
Elon Musk’s SpaceX has signed an agreement to acquire Anysphere, the company behind the AI coding assistant Cursor, for $60 billion.
Anthropic Valued at $965 Billion After Latest Financing Round Closes
Anthropic closed a new financing round at a $965 billion valuation, surpassing OpenAI to become the highest-valued AI company.
Gland Pharma falls after govt makes syrup medicines prescription-only
Gland Pharma shares declined after the Centre mandated prescriptions for all syrup medicines