Electric vehicle (EV) manufacturing giant Tesla is in the initial stages of talks with Reliance Industries Limited (RIL) to form a joint venture to build a manufacturing plant in India, reported The Hindu BusinessLine quoting […]
Washington (TIP)- US air regulator is probing a Boeing whistleblower’s claims that the company dismissed safety and quality concerns in the production of the planemaker’s 787 and 777 jets, an agency spokesperson said. Boeing engineer […]
Fitch Ratings revised the outlook on China’s long-term foreign debt to negative from stable, citing increasing risks to the country’s public finance prospects. Rising economic uncertainties and China’s efforts to shift its growth model away […]
New Delhi (TIP)- Ride-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said. The Softbank-backed […]
Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm. The ruling cements the downfall of the former billionaire, […]
New Delhi (TIP)- Benchmark equity indices Sensex and Nifty joined a rally in global markets on Thursday, March 21, after the US Federal Reserve maintained its projection of three rate cuts this year. According to […]
OpenAI CEO Sam Altman’s stake in Reddit rose by $200 million to over $613 million following the social media company’s IPO debut. Shares of the 19-year-old company jumped 48% in New York Stock Exchange trading […]
Indian conglomerate JSW Group and Chinese automotive manufacturer SAIC Motor-owned MG Motor India today kick-started their joint venture to produce both electric and internal combustion engine cars to capture a large chunk of the Indian […]
Washington (TIP)- The US Department of Justice sued Apple on Thursday, March 21, for illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers. The lawsuit, also brought by […]
The National Payments Corporation of India (NPCI) on Thursday, March 14, granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC […]
China has 12½ times more robots in its workforce than expected, an independent think tank in Washington Information Technology and Innovation Foundation (ITIF) said in a report. This indicates that Chinese workers are being replaced […]
Washington (TIP)- THE United States plans to award more than US$6 billion to Samsung Electronics, helping the chipmaker expand beyond a project in Texas it has already announced, according to sources familiar with the matter. […]
Five public sector lenders, including Bank of Maharashtra, IOB and UCO Bank are planning to reduce government stake to less than 75 per cent to comply with Sebi’s minimum public shareholding (MPS) norms, Financial Services […]
Global stock indexes rallied to record highs on Thursday, while government bond yields fell after the European Central Bank held interest rates steady and Federal Reserve Chair Jerome Powell reiterated that easing was likely in […]
Mumbai (TIP)- Benchmark Sensex and Nifty closed at fresh record highs on March 7 following gains in metal and FMCG shares amid firm global trends and foreign fund inflows. In a highly volatile trade, the […]
Washington (TIP)- Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to become more confident that inflation is moving sustainably […]
Moody’s Ratings on Thursday, March 7, raised India’s GDP growth forecast for FY24 to around 8 per cent from 6.6 per cent on the back of strong domestic consumption and capital expenditure. The estimate comes […]
Cryptocurrency Bitcoin on Thursday, Feb 29, surpassed $60,000 for the first time in more than two years. The jump comes amid surging optimism that demand for the token is widening beyond committed digital-asset enthusiasts, according […]
New Delhi (TIP)- Mukesh Ambani-led Reliance Industries and Walt Disney India’s merger could attract antitrust scrutiny, experts have predicted. The Reliance-Disney merger is set to create India’s biggest TV player with over 120 channels. The […]
New Delhi (TIP)- Google on Friday, March 1, began removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments. Google said that 10 companies in […]
Gross Goods and Services Tax (GST) revenue collected for February was Rs 1.68 lakh crore, a 12.5% increase compared to that in the same month last year. This growth was driven by a 13.9% rise […]
Nvidia added $277 billion in stock market value on Thursday, Feb 24, Wall Street’s largest one-day gain in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fueled by optimism about […]
More than 60 percent of shareholders of edutech Byju’s on Fedb 23 voted for removal of founder CEO Byju Raveendran and his family over alleged “mismanagement and failures” at what was once India’s hottest tech […]
Chartered accountants (CAs) from the UK and Canada might be allowed to practise in India on a reciprocal basis, with the apex body ICAI making the proposal to the government. ICAI President Ranjeet Kumar Agarwal […]
Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday that it had removed the United Arab Emirates from its “grey list” of countries subject to increased monitoring, while Kenya and Namibia were […]
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