Business

Apple is investing $500 million in MP Materials to ensure that the rare earth magnets used in its products are manufactured in the United States instead of abroad. These small but powerful magnets are crucial for many devices, and Apple aims to secure a reliable, domestically-produced supply as demand increases. Apple and MP Materials have agreed to recycle rare earth elements from old electronics at a California facility, allowing consumers’ used devices to contribute to the production of future products. This initiative aligns with Apple’s broader sustainability efforts, as they’ve been incorporating recycled materials into their devices since 2019 and intend to invest over $500 billion in U.S. projects over the next four years. The move promotes less waste, reduces the need for new mining, and supports a more environmentally friendly tech industry. Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.

Ola Electric is halting its expansion of battery cell capacity beyond 5GWh to prioritize profitability over growth. With a cooling EV market, their revenue fell to ₹828 crore in Q1 FY25, and losses increased to ₹428 crore. However, due to improved cost management, Ola’s auto division achieved profitability in June, demonstrating resilience amid challenging market…

The Indian government plans to enhance cybersecurity measures for the wind energy sector. The Ministry of New and Renewable Energy (MNRE) will soon release a directive banning the sharing of operational data from Indian wind farms with foreign nations. This decision follows recommendations from National Security Advisor Ajit Doval and Niti Aayog, with implementation expected…

A strategic partnership driving the future of sports in India National, July 11, 2025: Kicking off a powerful new chapter in Indian football, Reebok, a global leader in athletic footwear and apparel, has announced a strategic partnership with NorthEast United Football Club (NEUFC). Owned by sports enthusiast and actor-producer John Abraham, NEUFC is one of…

Tata Steel aims for a 20% diverse workforce by 2028 as part of its MOSAIC initiative promoting workplace diversity and inclusion, which began in 2015 to integrate inclusion into the company culture. Tata Steel is revolutionizing male-dominated sectors with progressive HR policies, including LGBTQ+ benefits, gender-neutral parental leaves, and gender transition support. The company also…

PwC plans to eliminate 175 junior auditor roles in the UK by August, affecting non-British staff on visas. This decision is due to decreased service demand and fewer voluntary departures, prompting the firm to downsize its team. PwC in the UK plans a smaller pay increase of 2.5% for staff this year, lower than last…

Reverse budgeting prioritizes saving over spending, fostering financial stability by emphasizing meeting savings goals before covering expenses, distinguishing it from conventional budgeting focused on expenses first. This strategy establishes a robust financial foundation through early allocation of funds to savings and investments, promoting long-term financial security. Establishing clear savings goals is essential for reverse budgeting.…

On Tuesday, US stock markets saw declines in the S&P 500, Dow Jones, and Nasdaq. The drops are linked to escalating tensions between Israel and Iran, alongside reduced American spending, causing unease among investors. Reduced spending hampers the economy. Middle East tensions may spike oil prices, leading to market volatility. These fluctuations impact various sectors,…

Ola now uses a zero-commission model nationwide where drivers pay a fixed fee instead of a cut per ride, aiming to boost driver earnings, cut cancellations, and foster driver loyalty on their platform. Drivers can now subscribe daily at ₹67 for 30 days with no ride commissions, aiming to increase driver earnings and reduce overall…

In May 2025, the cost of preparing vegetarian and non-vegetarian thalis in India declined by about 6% YoY, attributed to lower prices of key ingredients such as onions, tomatoes, potatoes, and broiler chicken by a CRISIL report. Both meal types were impacted by these price fluctuations. The report describes a vegetarian thali with roti, veggies…