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Uber 2024 profit forecast falls short of expectations, shares drop

Uber Technologies Inc laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on Thursday, even as the ride-hailing company revealed several strategies to boost ridership and bring down costs. The forecast is below the $5.7 billion analysts expect for 2024, according to Refinitiv data. […]

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India’s textile industry revs up, giving hope on jobs for PM Modi

At Texport Industries’ factories in India’s south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spaghetti tops and kids’ clothes for US customers of Tommy Hilfiger and Kohl’s Corp. After being outpaced in recent years by neighbouring Bangladesh and then hammered by the COVID-19 pandemic, India’s garment factories are […]