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 […]
Equity benchmark indices rebounded in early trade on Friday, May 31, after falling for the past five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra […]
KUALA LUMPUR (TIP)- Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian […]
The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report said the world’s second-largest economy will likely expand at […]
New Delhi (TIP)- After a gap of about 10 years, S&P Global Ratings has upped India’s outlook to positive from stable on robust growth prospects for next three years and public spending, and raised hopes […]
Mumbai (TIP)- The Reserve Bank of India will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double of what was budgeted expectation, helping shore […]
Washington (TIP)- The US House of Representatives passed a landmark bill on Wednesday that aims to establish a new regulatory framework for digital assets, setting the stage for a potential showdown with the Securities and […]
India’s rank on the World Economic Forum’s Travel & Tourism Development Index 2024 has risen to 39th place, with global tourism activities returning to pre-pandemic levels, the annual report showed. While the US topped the […]
One 97 Communications Ltd, the parent company of Paytm, clocked a net loss of Rs 550 crore in the January-March period of FY24, a 3.2 times jump compared to the same period in the last […]
Washington (TIP)- Federal Reserve Chair Jerome Powell said on Tuesday, May 14, that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view […]
Mumbai (TIP)- Japan’s Honda Motor pledged to double its electrification and software investment to about $65 billion over the 10 years running through the 2030 business year, it said on Thursday, May 16. Honda CEO […]
United Nations (TIP)- India registered “very robust” economic growth performance and has become an alternative investment destination for many Western companies as “less and less” foreign investment is going into China, an expert at the […]
The International Energy Agency (IEA) has scaled down its forecast for the growth in oil demand during 2024 as it expects the consumption of fuels to come down amid the economic slowdown in the advanced […]
India’s exports have increased to as many as 115 countries out of the total 238 destinations during 2023-24 despite the global economic uncertainties, according to commerce ministry’s data. These 115 export destinations, which account for […]
Mumbai (TIP)- Equity benchmark Sensex on Thursday, May 9, crashed over 1,000 points while the Nifty dived below the 22,000 level due to across-the-board selloff amid general election uncertainties. Besides, persistent foreign fund outflows and […]
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