New York (TIP)- The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction since the pandemic, sharply lowering borrowing costs shortly before November’s presidential election. Policymakers voted […]
New York (TIP)- Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week. The so-called core consumer price […]
Mumbai (TIP)- Reserve Bank Governor Shaktikanta Das on Thursday, September 5, said the Indian growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented […]
With the global demand for Indian spirits growing at a healthy rate, the government is planning to promote both Indian alcoholic and non-alcoholic beverages in the international markets and is eyeing USD one billion (about […]
Nanda Vrat is dedicated to Shiva and it is believed that Goddess Sati observed this fast to get Shiva as her husband. Sati followed the rituals of Nanda Vrat and made a Shivling of clay […]
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 […]
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 […]
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)- 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 […]
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