New Delhi (TIP)- India’s competition watchdog has approved Reliance Industries Ltd’s Rs 70,350-crore merger with Disney’s Indian media assets, subject to certain voluntary modifications, setting the stage for a media powerhouse. “Commission approves the proposed […]
The US economy expanded more than initially estimated in the second quarter this year, the Department of Commerce said Thursday, August 29, on stronger consumer spending than originally anticipated. The world’s biggest economy grew at […]
New York (TIP)- Walmart’s stake in Chinese e-commerce firm JD.com was once central to its China strategy. Now it is tearing up that playbook by unloading its entire $3.74 billion stake in one of China’s […]
Unfettered growth of e-commerce in India may cause “huge social disruption”, impacting the livelihood of 100 million small retailers across the country, Union commerce and industry minister Piyush Goyal said on Wednesday, August 21, accusing […]
Further tranches of sovereign gold bonds are unlikely, said sources to Business Today TV. SGBs are government securities denominated in grams of gold and are substitutes for physical gold. According to sources, “SGB is a […]
Newport Beach (TIP)- Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job. The Seattle coffee giant said […]
Industry bodies representing the Real estate investments trusts (REITs) and alternate capital on Monday came in support of embattled Sebi chief Madhabi Puri Buch facing allegations by US short-seller Hindenburg Research of having stakes in […]
New York (TIP)- U.S. stocks hit a near two-week high on August 13 after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September. U.S. producer prices increased less […]
The equity market has remained volatile, with both the S&P 500 and the tech-heavy Nasdaq index closing 1% higher on August 6, rebounding from a 3% drop in the S&P 500. Meanwhile, the VIX implied […]
Commerce and Industry Minister Piyush Goyal on August 7 suggested the seven member countries of the BIMSTEC bloc to relook and re-examine the proposed free trade agreement as the talks for the pact is progressing […]
Mumbai (TIP)- As was widely expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on August 8, kept the repo rate—that is the rate at which the central bank lends to […]
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the eighth time. In its statement, the Fed observed that job […]
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 […]
© The Indian Panorama