Backed by enhanced revenues and a good growth om loans disbursed, India's ICICI Bank reported a 34.2% rise in its net profit for the October-December quarter.   The net profit for the quarter was 83.12 billion Indian rupees ($1.03 billion), compared to 61.94...

Nokia and Samsung recently struck a new agreement with regard to the continued use of patents in the 5G area. According to a press release from Nokia, the Finnish manufacturer of telecommunications equipment has reached an agreement with the South Korean company Samsung on the continued use of...

Blackford Analysis Ltd., a British company that uses medical imagery to aid in disease diagnosis, has agreed to be acquired by Bayer. Bayer hopes to grow its radiology business by doing this. The agreement, according to Bayer, is a part of a plan to increase the digital analysis of medical pictures...

In a recent report to its creditors, bankrupt cryptocurrency exchange FTX stated that approximately $415 million in cryptocurrency had been stolen in hacks.   FTX reported that it had recovered more than $5 billion in cryptocurrency, cash, and liquid securities, but that significant...

According to German news channel n-tv, due to rising energy costs and write-offs on its shares in the oil and gas business of Wintershall Dea, German chemical company BASF recorded losses of €1.4 billion last year. "BASF suffered significant losses in 2017 as a result of multibillion write-downs on...

Siemens announced on Monday that it has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the largest locomotive deal in the company's history.   Siemens will deliver 1,200 electric locomotives and provide service for 35 years under the...

According to sources, Microsoft's offer to pay $69 billion to acquire Activision Blizzard, maker of the Call of Duty video game, is likely to result in a warning from EU antitrust authorities. This can make it harder to close the deal. The sources note that the European Commission is putting...

According to the company statement, UK retailer Marks & Spencer will open 20 large stores in the UK between 2023 and 2024 as part of an investment plan worth over £500 million, generating 3,400 jobs. "M&S today revealed plans to invest roughly £480 million in expanding its stores across the...

JPMorgan Chase & Co and Bank of America Corp persisted to hire as the economy slowed, despite the fact that the ranks of the five largest U.S. lenders had grown by 100,000 since the start of 2020.   Despite slowing economic growth, the chief financial officers of the two largest US banks...