Wednesday, July 28, 2021

Gloomy outlook dulls PayPal's quarterly profit beat

Shares of PayPal Holdings Inc fell 8% on the payment company's downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a pandemic-driven shift to digital spending.

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...