New Delhi (TIP)- Moody’s Investors Service on Thursday, November 9, retained India’s economic growth forecast for 2023 at 6.7% and said strong domestic demand will likely sustain the growth in the near term. With exports […]
New York (TIP) – On Thursday, November 9, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a USB stick. Industrial & Commercial Bank of China Ltd.’s US unit […]
The US International Development Finance Corporation (DFC) will provide USD 553 million financing to Colombo West International Terminal Pvt Ltd – a consortium of India’s largest port operator Adani Ports and SEZ Ltd, Sri Lanka’s […]
Apple might end up on the hook after all for billions of Euros in back taxes to Ireland in the latest twist in a long-running European Union dispute, following a legal opinion on Thursday, November […]
Billionaire Gautam Adani’s group has acquired the remaining 51% stake in Quintillion Business Media Pvt Ltd to take full control of the Raghav Bahl-curated digital business news platform for an undisclosed amount. Adani Enterprises Ltd, […]
In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry has notified the relevant section under the companies law in this regard. […]
Washington (TIP) -The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform […]
New York (TIP)-Walt Disney on Wednesday, November 1, formally began the process of buying Comcast’s one-third stake in Hulu, a deal that will give Disney full ownership of the streaming service and freedom to incorporate […]
New Delhi (TIP)- India, the world’s fifth largest economy, may overtake Japan by 2030 to become the world’s third-largest economy, says S&P Global Market Intelligence. Currently, Japan is the third biggest economy with a GDP […]
Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply […]
India’s accounting regulator is investigating an EY member firm that audits five companies that are part of billionaire Gautam Adani’s eponymous conglomerate, a source familiar with the matter said. The National Financial Reporting Authority (NFRA) […]
New Delhi (TIP)- Homegrown FMCG major Dabur on Wednesday said its three foreign subsidiaries are facing cases in federal and state courts in the US and Canada. The three Dabur India subsidiaries facing cases are […]
NEW YORK (TIP)- Oil prices settled higher on October 19 as traders remained nervous that Israel’s military campaign in Gaza could escalate to a regional conflict. Brent futures for December settled up 1%, or 88 […]
Wholesale Price Index-based (WPI) inflation remained negative for the sixth straight month in September due to easing prices of food items, especially vegetables. The WPI was at (-) 0.26% in September as against (-) 0.52% […]
Maruti Suzuki India has said its Board has approved a proposal to execute a share purchase agreement to acquire 100% equity capital of Suzuki Motor Gujarat (SMG) from Suzuki Motor Corporation (SMC). The auto major […]
NEW YORK (TIP)- The amount of tax money owed but not paid to the IRS is set to keep growing, according to projections published by the federal tax collection agency on Thursday, October 12. For […]
New Delhi (TIP)- In a dramatic shift in the pecking order at the top, Mukesh Ambani has reclaimed the No 1 position on the 2023 Forbes list of India’s 100 Richest. The collective wealth of […]
India’s industrial production growth rose to a 14-month high of 10.3% in August, mainly due to good show by the manufacturing, mining and power sectors, according to the official data released on October 12. The […]
New Delhi (TIP)- In a key decision, the Reserve Bank of India on Friday, October 6, decided to leave its benchmark repo rate unchanged for the fourth straight time, keeping it at 6.5%, while maintaining […]
HOUSTON (TIP)- Oil prices fell about 2% on Thursday, October 5, extending the previous session’s nearly 6% losses, as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil output cuts, keeping supply tight. […]
UK fashion retailer Superdry on Wednesday said it will sell its intellectual property (IP) assets in South Asia to Reliance Retail for Rs 402 crore through a joint venture. Superdry will own 24% of the […]
The World Bank has retained its projection of 6.3% growth in GDP during the current fiscal as against the RBI’s expectation of 6.5%. “The expected moderation is mainly due to challenging external conditions and waning […]
New Delhi (TIP)- German luxury carmaker Mercedes-Benz expects 2023 to turn out to be its best year in terms of sales in India as the demand for high-end cars continues to grow post the Covid […]
New York (TIP)- US consumer confidence fell again in September, extending a slump from August as Americans voiced concerns about rising food and energy prices, according to survey data published on September 26. “Consumers continued […]
Billionaire Mukesh Ambani’s three children as directors of Reliance Industries Ltd will be paid only a fee for attending board and committee meetings, the company said in a resolution seeking shareholder nod for their appointment […]
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