Mumbai (TIP)- India’s digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report. In the foreword of ‘Report on Currency and Finance (RCF) […]
Commerce and Industry Minister Piyush Goyal has said there is no rethinking in the government to support foreign direct investments (FDI) from China as was pitched by the Economic Survey recently. He said it was […]
Mumbai (TIP)- Foreign portfolio investors (FPIs) have pulled out almost Rs 10,710 crore from the Indian stock market in three days since the Union Budget after the government raised taxes on derivatives trades and on […]
Tesla CEO Elon Musk said on Thursday, July 25, he will discuss a $5 billion investment in artificial intelligence startup xAI, as the electric-vehicle maker looks to double down on efforts to expedite the development […]
Washington (TIP)- The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures subsided, leaving intact expectations of a September interest rate cut […]
Mumbai (TIP)- The parent company of troubled edtech giant Byju’s called Think and Learn Pvt Ltd was put into insolvency by the National Company Law Tribunal (NCLT) on July 16, due to a plea filed […]
New York (TIP)- U.S. economic activity expanded at a slight to modest pace from late May through early July with firms expecting slower growth ahead as they also reported signs the jobs market continues to […]
The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide progress against accelerating prices has […]
The Asian Development Bank (ADB) has maintained India’s GDP growth forecast at 7 per cent for the current financial year, citing that a rebound in agriculture is expected given above-normal monsoon projections. The ADB forecast […]
India’s employment rate grew by 6 per cent in the fiscal year ended March 31, 2024 from a growth of 3.2 per cent in 2022-23, according to the Reserve Bank of India’s data. Employment in […]
New York (TIP)- A rally in the world’s largest technology companies sent stocks to all-time highs, with Jerome Powell’s remarks to Congress not doing much to dissuade traders from betting on Federal Reserve rate cuts […]
Mumbai (TIP)- US investment bank Morgan Stanley has said the Indian government is likely to retain fiscal deficit target at 5.1 percent of GDP in FY25, in line with the interim budget. Fiscal prudence, capital […]
New Delhi (TIP)- The gross non-performing assets (GNPA) ratio of scheduled commercial banks, which moderated to a 12-year low of 2.8 per cent in March 2024, may further improve to 2.5 per cent by March […]
New Delhi (TIP)- Despite India’s $1.3 trillion sovereign bond market becoming very attractive for foreign investors, they face a lot of challenges ranging from lengthy documentation to the intricacies of settling a trade and the […]
Bharti Airtel on Friday, June 28, announced between 10 and 21 per cent hike in mobile tariffs, a day after larger rival Reliance Jio announced an increase in rates. Airtel, in a release, said that […]
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago. Ten years ago, India was […]
New Delhi (TIP)- The Asian Development Bank (ADB) has approved a USD 170 million policy-based loan aimed at enhancing the country’s health system. According to ADB, the loan, part of the Strengthened and Measurable Actions […]
New Delhi (TIP)- Fitch Ratings on Tuesday raised its growth estimates for India by 20 basis points to 7.2 percent — same as that of the Reserve Bank of India (RBI) — citing positive economic […]
Mumbai (TIP)- India’s factory output based on the Index of Industrial Production (IIP) moderated to a three-month low of 5 per cent in April due to slower manufacturing growth, data released by the National Statistical […]
Washington (TIP)- The Federal Reserve held interest rates steady on Wednesday, June 12, and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction […]
The Adani Group is reportedly exploring acquisition of several cement companies. On Gautam Adani’s radar is Hyderabad-based Penna Cement, Gujarat-headquartered Saurashtra Cement, cement business of Jaiprakash Associates and ABG Shipyard owned Vadraj Cement, as per […]
Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday, June 12. The Consumer Price Index (CPI) […]
Mumbai (TIP)- White collar hiring has begun improving steadily on the back of major sectors like oil and gas, banking and FMCG, a report said. Hiring activity grew by 6 per cent in May compared […]
Santa Clara (TIP)- Nvidia Corporation, the world’s most valuable semiconductor company, has now become the first computer-chip firm to hit a $3 trillion market capitalisation, as per a Bloomberg report. The Santa Clara, California-based company’s […]
The Reserve Bank of India on Friday, June 7, decided to keep the policy rate unchanged for the eighth time in a row, saying it will maintain a tight vigil on inflation. The rate increase […]
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