Amazon.com has reported net sales of $155.7 billion in Q1 2025, up 10 per cent YoY.
Operating income rose to $18.4 billion, and net income surged to $17.1 billion.
Amazon expanded with a $4 billion rural delivery investment in US and introduced new AI-driven shopping features.
For Q2 2025, it expects sales of $159–$164 billion and operating income between $13–$17.5 billion.Read More

Kohl’s has appointed Michael Bender as interim CEO, effective immediately, following the termination of Ashley Buchanan for cause due to policy violations involving undisclosed vendor conflicts.
Bender, a board member since 2019 and chair since May 2024, brings extensive retail leadership experience.
He will step down from his board chair role while the company searches for a permanent CEO.Read More

Cotton yarn demand in south India remains sluggish due to labour shortages, forcing looms to cut output.
Weak export demand has further slowed lifting, though yarn prices stayed stable in Mumbai and Tiruppur.
Mills aim to raise prices to offset rising cotton costs, but buyer resistance persists.
Cotton arrivals remain limited, with Gujarat trade thin.Read More

Imperial spinout Solena Materials has raised $6.7 million to scale up production of sustainable, biodegradable protein fibres designed using AI and engineered microbes.
These novel fibres, offering high performance and lower environmental impact, could transform fashion and technical textiles.
The investment will fund expansion and support partnerships with leading fashion brands.Read More

S&P Global Ratings today cut India’s GDP growth forecast by 0.2 pp to 6.3 per cent for FY26 citing uncertainty over the US tariff policy and downside risks from its spillover.
It projected India’s FY27 growth at 6.5 per cent.
In March, it had lowered the FY26 growth forecast to 6.5 per cent from 6.7 per cent.
It projected Indian rupee-USD exchange rate to be 88 by 2025-end from 86.64 in 2024.Read More