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Business & Economics

Business & Economics

‘Can’t afford a crypto mania’: RBI governor Shaktikanta Das on cryptocurrencies

Jan 12, 2024 - 10:54 am EST @theindpanorama 1

Mumbai (TIP)- The US may have green-lighted exchange-traded funds (ETFs) in bitcoin, but for India’s apex banking regulator, cryptocurrencies remain a strict no-no. “The way we look at crypto remains unchanged, irrespective of who does […]

Business & Economics

Fastest-growing large economy in world, India projected to grow at 6.2% in 2024: UN

Jan 6, 2024 - 5:04 am EST @theindpanorama 2

United Nations (TIP)- India is projected to grow at 6.2 per cent in 2024, supported by robust domestic demand and strong growth in the manufacturing and services sectors, the United Nations has said. The UN […]

Business & Economics

US regulator denies Apple, Disney bids to skip votes on AI

Jan 6, 2024 - 5:03 am EST @theindpanorama 1

New York (TIP) – The top U.S. securities regulator has ruled that Apple and Disney cannot avoid shareholder votes about the use of artificial intelligence proposed by a labor group. In a January 3 notice, […]

No Picture
Business & Economics

Reliance, Disney edge closer to mega India merger deal

Jan 6, 2024 - 5:03 am EST @theindpanorama 2

Mukesh Ambani’s Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with the matter said. Reliance has appointed law […]

No Picture
Business & Economics

Adani overtakes Mukesh Ambani as India’s richest man, both climb spots on world rich list

Jan 6, 2024 - 5:02 am EST @theindpanorama 2

Gautam Adani, Chairperson of the Adani Group of companies has overtaken Reliance Industries Chairman Mukesh Ambani on the Bloomberg Billionaire’s Index (BBI), to become India’s and Asia’s richest man. While Adani has seen his worth […]

Business & Economics

RBI ups weight of SBI, HDFC Bank in too-big-to-fail list

Dec 31, 2023 - 4:48 am EST @theindpanorama 1

Mumbai (TIP)- The Reserve Bank of India has upgraded the weightage of SBI and HDFC Bank on its list of three Domestic Systemically Important Banks (D-SIBs) for 2023 which includes ICICI Bank as well. The […]

Business & Economics

Oil prices rise amid fears over escalating tensions in Middle East

Dec 31, 2023 - 4:47 am EST @theindpanorama 0

Tokyo (TIP) – Oil prices rose in early Asian trade on Thursday, December 28, as persistent fears over escalating tensions in the Middle East outweighed easing concerns about transport disruptions as some global shipping firms […]

No Picture
Business & Economics

Microsoft to pay ex-CEO Steve Ballmer $1 billion a year ‘for doing nothing’

Dec 31, 2023 - 4:47 am EST @theindpanorama 2

Already among the world’s richest people, ex-Microsoft CEO Steve Ballmer is now set to receive nearly $1 billion (approx. ?8300 crore) in dividends from his former employer, ‘for doing nothing,’ according to CNN. Microsoft’s 30th […]

No Picture
Business & Economics

Global PC industry sales to drop to $219.2 bn in 2024, third year of decline

Dec 31, 2023 - 4:45 am EST @theindpanorama 2

Facing a third year of decline, the global PC industry outlook for 2024 does not look optimistic and its revenue is expected to drop by $1.3 billion, pushing the total three-year loss to almost $11 […]

No Picture
Business & Economics

Patent dispute: Apple to halt sales of its newest watches in US

Dec 23, 2023 - 12:26 am EST @theindpanorama 2

If two of the latest Apple Watches are on your holiday shopping list, don’t dawdle for much longer because the devices won’t be available to buy in the US later this week if the White […]

Business & Economics

UK inflation falls by more than anticipated to 2-year low of 3.9% in Nov

Dec 23, 2023 - 12:24 am EST @theindpanorama 2

London (TIP)- Inflation in the UK as measured by the consumer prices index eased back to its lowest level in more than two years, official figures showed on December 20, in a development that is […]

Business & Economics

Google is paying $700 million to settle antitrust charges over Play Store

Dec 23, 2023 - 12:24 am EST @theindpanorama 0

Google has agreed to pay $700 million and offered several other concessions to nearly 102 million customers in the US as part of an antitrust payout over fees the tech giant charged through its app […]

No Picture
Business & Economics

RBI introduces card tokenisation facility at bank level

Dec 23, 2023 - 12:23 am EST @theindpanorama 0

The RBI has introduced a Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing accounts with various e-commerce […]

No Picture
Business & Economics

US business activity picks up in December: S&P Global survey

Dec 23, 2023 - 12:23 am EST @theindpanorama 1

U.S. business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the fourth quarter. S&P Global said […]

Business & Economics

US Fed holds key interest rate steady, signals 3 cuts in 2024

Dec 16, 2023 - 8:38 am EST @theindpanorama 1

Washington (TIP)- The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in […]

Business & Economics

Apple’s valuation may soon be more than Europe’s largest stock market

Dec 16, 2023 - 8:36 am EST @theindpanorama 0

Technology giant Apple is known to be one of the biggest and most profitable name in the industry. But on Wednesday, December 13, the firm made headlines for making an impact to be remembered on […]

No Picture
Business & Economics

Amid optimistic trend in global markets, Sensex, Nifty hit record highs

Dec 16, 2023 - 8:30 am EST @theindpanorama 2

Benchmark equity indices Sensex and Nifty surged to all-time high levels in early trade on Friday, December 15, amid an optimistic trend in global markets after the US Federal Reserve kept its key interest rate […]

No Picture
Business & Economics

Wholesale price inflation hits an 8-month high of 0.26% in November

Dec 16, 2023 - 8:29 am EST @theindpanorama 0

India’s wholesale inflation stepped out of the deflationary zone for the first time since March 2023 as it rose to 0.26 percent in November, data released by the commerce ministry on December 14 showed. Wholesale […]

Business & Economics

Airline industry to rake in $25.7 bn profit in 2024 India a hugely exciting market: IATA

Dec 8, 2023 - 12:00 pm EST @theindpanorama 1

Geneva (TIP) – The airline industry is projected to post a net profit of USD 25.7 billion and revenue at a historic high of USD 964 billion in 2024 as more normal growth is expected […]

Business & Economics

Stock markets snap seven-day winning run; Sensex falls 132 points

Dec 8, 2023 - 12:00 pm EST @theindpanorama 2

Mumbai (TIP)- Benchmark equity indices Sensex and Nifty snapped their seven-day winning streak on Thursday, December 7, due to profit taking by investors after recent sharp gains triggered by negative cues from Asian markets. The […]

No Picture
Business & Economics

Arbitration pacts can be binding on non-signatory firms, rules SC

Dec 8, 2023 - 11:39 am EST @theindpanorama 1

Expanding the scope and ambit of the term ‘party’ under the arbitration law, the Supreme Court ruled that arbitration agreements can be binding on non-signatory firms under the ‘group of companies’ doctrine. “The definition of […]

No Picture
Business & Economics

Adani to invest $75 bn to scale up renewable energy portfolio

Dec 8, 2023 - 11:38 am EST @theindpanorama 1

Adani Group has plans to invest $75 billion on energy transition initiatives by 2030, its chairman Gautam Adani said on Wednesday. The investments will boost the group’s vision to have 45 gigawatt of renewable energy […]

No Picture
Business & Economics

India to be third largest economy by 2030: S&P

Dec 8, 2023 - 11:38 am EST @theindpanorama 0

Global Ratings agency S&P said India will be the world’s third-largest economy by 2030, but a major test for the country would be to unlock the ‘immense opportunity’ and become the next big global manufacturing […]

Business & Economics

Elon Musk launches profane attack on X advertisers

Dec 2, 2023 - 1:22 am EST @theindpanorama 0

New York (TIP) -In a profanity-laced outburst, Elon Musk has slammed advertisers that have left X, warning they will kill the social media platform. At an event in New York, he accused companies that have […]

Business & Economics

India’s GDP growth accelerates to 7.6% in July-September quarter

Dec 2, 2023 - 1:22 am EST @theindpanorama 1

New Delhi (TIP)- India’s gross domestic product (GDP) for the second quarter of the ongoing financial year accelerated to 7.6 per cent year-on-year, showed data shared by the Ministry of Statistics and Programme Implementation on […]

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