The dollar dropped to a one-month low after President Donald Trump appeared to soften his approach toward tariffs on China. Stock futures fluctuated after the S&P 500 scaled a fresh peak. The president said in […]
India’s forex reserves dropped by USD 1.88 billion to USD 623.983 billion in the week ended January 17, the RBI said on Frida, January 24. Earlier, the overall kitty declined by USD 8.714 billion to […]
As the unveiling of Budget 2025 approaches, the country’s electric vehicle (EV) sector is hopeful for measures and initiatives to make EVs more affordable and accessible to consumers. Industry leaders and experts anticipate that this […]
Shares in Asia followed Wall Street higher on Thursday, January 16, as easing US core inflation kept alive the prospect of Federal Reserve rate cuts this year. Benchmarks in Australia, Japan and South Korea all […]
Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate […]
India’s fiscal conditions will continue to constrain its credit strength in 2025, although tension in US-China relations could benefit the Indian economy, Moody’s Ratings said on Wednesday, January 15. In its report on Asia Pacific […]
The Indian economy is expected to grow at 6.4% in 2024-25, a significant loss of momentum when compared to the 8.2% growth in 2023-24. Driven by a slowdown in investment, this is the lowest this […]
Microsoft will invest $3 billion (about Rs 25,700 crore) to expand its cloud computing and artificial intelligence (AI) capabilities in India, its Chief Executive Officer (CEO) Satya Nadella has said. The tech giant will also […]
In the next five years, artificial intelligence (AI), big data and security management specialists will be the fastest-growing jobs, showed the World Economic Forum’s (WEF) Future of Jobs Report 2025. The report, released days before […]
Tesla reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon Musk-led EV maker’s aging line up and the new Cybertruck pickup failed to lure customers wary of high […]
Bitcoin’s record rally fizzled out towards the end of 2024, dropping for the first time since August of that year, Bloomberg reported. The cryptocurrency’s price dropped 0.55% or by $513.65, reaching $93,200.38, according to Bloomberg […]
Major US benchmarks extended a selloff for a fifth day, shaving more than a trillion dollars from share prices. A pair of deadly attacks compounded market angst, starting the first trading day of the year […]
New York (TIP)- Oil prices were little changed on Friday, December 27, but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world’s biggest oil importer. […]
New York (TIP)- Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit filed in U.S. District […]
Exporters on Thursday, December 26, sought a fund of Rs 750 crore for three years to tap $25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US […]
New Delhi (TIP)- FMCG major Nestle India on Thursday, December 19, said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have ‘no impact’ on the company. The suspension […]
WASHINGTON (TIP)- The Federal Reserve on Wednesday, December 18, lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in […]
New Zealand tipped into recession in the third quarter, official data showed Thursday, December 19, with the economy suffering an unexpectedly sharp slump that sent the country’s currency tumbling and sparked political finger-pointing. The conservative […]
Equity benchmark indices Sensex and Nifty plunged about 1.5 per cent on Friday, December 20, taking their downtrend to the fifth straight session, due to risk aversion in the global markets after the hawkish stance […]
New Delhi (TIP)- The Asian Development Bank (ADB) on Wednesday lowered India’s economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected […]
New York (TIP)- US consumer prices continued to rise in November at a pace that is fueling concerns the progress toward taming inflation is stalling. The so-called core consumer price index — which excludes food […]
The Nasdaq Composite Index achieved a historic milestone on Wednesday, reaching 20,000 for the first time, driven by enthusiasm surrounding artificial intelligence and anticipated interest rate reductions that propelled technology stocks to remarkable heights. The […]
Retail inflation slowed to 5.48 per cent in November compared to 6.21 per cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday, December 12. According to […]
Mumbai (TIP)- Myntra has launched “M-Now,” its quick-commerce offering that promises to deliver apparel and other lifestyle accessories within 30 minutes. With fast delivery of goods becoming the normal of the day in the Indian […]
ISTANBUL (TIP)- The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday kept the benchmark interest rate unchanged at 6.5 per cent for the 11th straight policy meeting. The MPC unanimously agreed to maintain […]
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