WASHINGTON (TIP)- The Federal Reserve on Wednesday, December 18, lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in […]
New Zealand tipped into recession in the third quarter, official data showed Thursday, December 19, with the economy suffering an unexpectedly sharp slump that sent the country’s currency tumbling and sparked political finger-pointing. The conservative […]
Equity benchmark indices Sensex and Nifty plunged about 1.5 per cent on Friday, December 20, taking their downtrend to the fifth straight session, due to risk aversion in the global markets after the hawkish stance […]
New Delhi (TIP)- The Asian Development Bank (ADB) on Wednesday lowered India’s economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected […]
New York (TIP)- US consumer prices continued to rise in November at a pace that is fueling concerns the progress toward taming inflation is stalling. The so-called core consumer price index — which excludes food […]
The Nasdaq Composite Index achieved a historic milestone on Wednesday, reaching 20,000 for the first time, driven by enthusiasm surrounding artificial intelligence and anticipated interest rate reductions that propelled technology stocks to remarkable heights. The […]
Retail inflation slowed to 5.48 per cent in November compared to 6.21 per cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday, December 12. According to […]
Mumbai (TIP)- Myntra has launched “M-Now,” its quick-commerce offering that promises to deliver apparel and other lifestyle accessories within 30 minutes. With fast delivery of goods becoming the normal of the day in the Indian […]
ISTANBUL (TIP)- The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday kept the benchmark interest rate unchanged at 6.5 per cent for the 11th straight policy meeting. The MPC unanimously agreed to maintain […]
Bitcoin broke $1,00,000 on Thursday as investors bet on a friendly US regulatory shift, while world stocks touched fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome […]
ISTANBUL (TIP)- Global markets displayed mixed performance on Wednesday as President-elect Donald Trump’s protectionist policies, particularly tariff threats, raised concerns among major US trade partners. Meanwhile, the Biden administration’s potential new regulations on Chinese semiconductors […]
Mumbai (TIP)- Equity benchmark indices Sensex and Nifty surrendered early gains to plunge nearly 1.50 per cent on Thursday, November 28, weighed down by intense selling in market heavyweights Infosys, RIL and HDFC Bank amid […]
The slowdown in production at Boeing and the recent strike at the plane makers’ manufacturing facilities in the US are causing delays in aircraft deliveries to the Air India group, with some deliveries of already-manufactured […]
Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets. The world’s most popular digital currency rose as […]
Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 […]
Indian rupee depreciated eight paise on Thursday, November 21, to settle at an all-time low of 84.50 against the US dollar. The currency was dragged down by a massive sell-off in domestic equity markets and […]
New Delhi (TIP)- Retail inflation breached the Reserve Bank’s upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. Inflation based on the consumer […]
Air India Group has completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey. This follows the […]
The US dollar traded close to a four-month peak versus major peers while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The […]
Frankfurt/Mumbai (TIP)- Wall Street marched to record highs on Wednesday, Nov 6, and major stock markets around the world surged, while bitcoin also hit an all-time-high and the dollar was set for its biggest one-day […]
OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website. The AI giant’s CEO Sam Altman announced this on Thursday, November 7, 2024, by simply posting the URL on […]
Seol (TIP)- Hyundai Motor Group has outperformed Volkswagen Group to become the world’s second-largest automaker in terms of operating profit, industry data showed on Thursday, Nov 7. According to automotive industry data, Hyundai Motor Group […]
Pennsylvania (TIP)- Elon Musk claimed he can eliminate at least $2 trillion from the federal budget, laying out his vision for substantial government spending cuts if Donald Trump wins the presidency. “Your money is being […]
Mumbai (TIP)- The Reserve Bank of India’s upbeat growth estimates for the world’s fastest-growing major economy is causing both confusion and concern among economists. The central bank has stuck to its forecast that India’s economy […]
Bitcoin rose past $71,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as speculation about potential outcomes from next week’s US election. The largest digital asset climbed more […]
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