Business

Macy’s Inc. reported a decline in first-quarter sales and profit on Wednesday, but still managed to surpass Wall Street expectations. The department store chain, however, revised its full-year profit forecast downward, citing more cautious consumer behaviour and the rising cost impact from US trade tariffs.Sales for the three months ended May 3 dropped to $4.79 billion from $5 billion a …

BBC Thomas Woldbye expressed “his deep regret at not being contactable during the night of the incident”, the review said Attempts to tell Heathrow airport’s sleeping chief executive that the airport had been closed because of a power outage failed because his bedside phone was on silent, an inquiry has found. Thomas Woldbye was in bed as senior Heathrow staff …

Getty Images Thames Water has been fined a record £122.7m and been told it has “let down its customers and failed to protect the environment” by the water regulator Ofwat. The company has huge debts and is struggling to fix leaks, stop sewage spills, and modernise outdated infrastructure. It serves about a quarter of the UK’s population, mostly across London …

N Chandrasekaran, Chairman of Tata Sons N Chandrasekaran, Chairman of Tata Sons, has stepped down from his roles as Chairman and Director of Tata Chemicals, effective May 29, 2025. The announcement was made via a regulatory filing, with the Board of Directors acknowledging his resignation during a meeting held on Wednesday, according to news agency PTI.In his resignation letter dated …

India’s industrial production growth decelerated to 2.7% in April 2025, down from 5.2% recorded in the same month a year ago, as the mining, manufacturing, and power sectors showed weaker performance, official data revealed today. The Index of Industrial Production (IIP) for April 2025 showed a notable slowdown after the 5.2% growth in April 2024.According to the National Statistics Office …

Watch: Elon Musk says he is “disappointed” with Trump’s “big, beautiful bill”, in interview with CBS Sunday Morning Elon Musk has criticised one of the signature policies of his close ally, US President Donald Trump. Last week, the US House of Representatives narrowly passed what Trump calls his “big, beautiful” bill, which includes multi-trillion dollar tax breaks and a pledge …

NEW DELHI: The Union Cabinet on Wednesday approved a hike in Minimum Support Prices (MSP) for 14 Kharif crops for the 2025-26 marketing season.The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), chaired by PM Modi.Union Minister Ashwini Vaishnaw confirmed that the MSP for paddy has been increased by Rs 69 per quintal, setting the new rate …

NEW DELHI: Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, is set to re-enter the domestic bond market after a 17-month break, with plans to launch its biggest-ever rupee-denominated debt issue, according to three merchant bankers on Wednesday.The company aims to secure up to 50 billion rupees ($583.57 million) through 15-year bonds, with bids invited from …

India-US trade deal: The focus remains on securing an interim trade arrangement before finalising the first phase of the bilateral trade agreement. (AI image) India-US trade deal: A bilateral trade agreement between US President Donald Trump-led US and PM Narendra Modi-led India could be sealed as early as the end of June. A delegation of US officials is scheduled to …

The company has been fined for breaching rules on wastewater and dividend payments. Source link