NEW YORK (TIP)- Oil prices climbed about 3% as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce […]
London/Hong Kong (TIP)– Technology giant Apple is gearing up to launch its own credit card in India. The iPhone maker’s chief executive officer (CEO) Tim Cook recently met HDFC Bank CEO and managing director Sashidhar […]
WASHINGTON (TIP)- The US economy is now expected to narrowly dodge a recession this year but underlying inflation will be faster than previously thought, according to the latest Bloomberg monthly survey of economists. Gross domestic […]
Amazon said on Wednesday it will collect soon-to-be-withdrawn Rs 2,000 notes from customers and credit them to online wallets to help people struggling with the exchange process. The Reserve bank of India had decided last […]
The Indian economy is expected to clock a higher growth of 6.3% — one of the highest in the world — in the current fiscal aided by sustained momentum in manufacturing output and infrastructure spending, […]
London/Hong Kong (TIP)- Vodafone and CK Hutchison finally unveiled the 15 billion pound ($19 billion) merger of their British mobile operations on Wednesday, saying the creation of a new market leader would drive competition and […]
WASHINGTON (TIP)- Federal Reserve officials paused on Wednesday, June 14, following 15 months of interest-rate hikes but signaled they would likely resume tightening to cool inflation, projecting more increases than economists and investors expected. “Holding […]
Exports declined for the fourth consecutive month by 10.3% year-on-year to $34.98 billion in May, while the trade deficit widened to a five-month high of $22.12 billion. According to the data released by the commerce […]
Moody’s Investors Service on Thursday, June 15, said the key determinant of India’s fiscal strength and the credit profile will be debt affordability and projected a downward trend for the debt burden. “As long as […]
Franchise operator Flynn Restaurant Group is acquiring Pizza Hut Australia, marking the US company’s first international acquisition. Flynn is buying the Australia franchising license from Sydney-based private investment firm Allegro Funds, adding 260 Pizza Hut […]
WASHINGTON (TIP)- The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade […]
The Reserve Bank on Thursday , June 8, retained the GDP growth projection for current fiscal year at 6.5 per cent, on the back of supportive domestic demand conditions. In April, the central bank had […]
London (TIP)- Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for […]
The Insurance Regulatory and Development Authority of India (IRDAI) has identified SBI Life Insurance Company Ltd (SBI Life) to acquire the business of Sahara India Life Insurance Corporation (SILIC). “After due consideration of all facts […]
Elon Musk has retaken the title of world’s wealthiest person.The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault’s LVMH fell 2.6% in Paris trading. Musk and the […]
New Delhi (TIP)- The CBI has filed an FIR against IL&FS Transportation Network Limited and its then directors for allegedly causing a loss of more than Rs 6,524 crore to a Canara Bank-led consortium, officials […]
Ratings agency Fitch has put the US credit rating on watch for a possible downgrade on Wednesday, raising the stakes as talks over the country’s debt ceiling go down to the wire, and adding to […]
London (TIP)– The euro dropped on Thursday, May 25, as Europe’s largest economy Germany was confirmed to be in a recession, while the dollar hit a two-month peak, benefitting from safe-haven demand as worries mounted […]
New York (TIP)- JPMorgan Chase & Co. notified about 1,000 First Republic Bank employees that they aren’t being given jobs — even temporarily — following its takeover of the failed lender. The biggest US bank […]
Reserve Bank Governor Shaktikanta Das on Wednesday said the growth for 2022-23 is expected to be more than the advance estimate of 7 per cent on the back of economic momentum maintained in the third […]
New Delhi (TIP)- S&P Global Ratings on Thursday , May 18, affirmed India’s sovereign rating at ‘BBB-’ with a stable outlook and said sound economic fundamentals will underpin growth over the next 2-3 years. The […]
New Delhi (TIP)- The Union government tweaked the imposition of 20 per cent Tax Collection at Source (TCS) on transactions through international credit cards and debit cards under the Liberalised Remittance Scheme (LRS) from July […]
Fuelled by robust market demand and higher revenue, InterGlobe Aviation on Thursday, May 18, flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter. The parent of […]
Lenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million as part of a fight between creditors and the self-proclaimed biggest education technology company in the world. The allegation came out […]
Indian companies have invested more than CAD 6.6 billion in Canada creating thousands of jobs in the country, with all of them planning to invest more in the future, according to a CII report released […]
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