India’s crude oil import dropped 16 per cent in the last fiscal on lower international rates but the dependency on overseas suppliers rose to a new high, official data showed. India imported 232.5 million tonnes […]
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 […]
Asian stocks tumbled on Friday, April 5, and oil extended the previous day’s surge on worries that Israel’s war with Hamas could widen to a regional conflict with Iran as both sides ratcheted up tensions. […]
Tesla is looking to set up a big factory in India and is sending over a team to scout for possible locations, reported The Financial Times. The team is expected to arrive this month to […]
New Delhi (TIP)- The Reserve Bank of India (RBI) has decided to keep the key repo rate unchanged at 6.5% as its focus remains on bringing inflation under control. This is the seventh straight time […]
Maruti Suzuki India Limited (MSIL), the country’s largest passenger vehicle maker, has attained cumulative production of over three crore units. Indian operations are the fastest to achieve this feat among all Suzuki production bases in […]
NEW YORK (TIP)- Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices. The […]
New Delhi (TIP)- In the first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact […]
New Delhi (TIP)- S&P Global Ratings has raised India’s growth forecast for the next financial year to 6.8 per cent, but flagged restrictive interest rates as a dampener for economic growth. The Indian economy is […]
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 […]
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