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 […]
New Delhi (TIP)- JPMorgan is to include Indian government bonds in its widely tracked emerging market debt index which may cause billions of dollars of inflows into India. As per reports, quoting JPMorgan, India’s local […]
New York (TIP)- The Federal Reserve left the main U.S. interest rate unchanged Wednesday, September 20, waiting to see if its historic series of rate hikes over the last 18 months gets inflation under control. […]
The central government on Thursday, September 21, said there is no distress among common households after a RBI report said the net financial savings of households have crashed to a nearly five-decade low of 5.1 […]
The RBI on Thursday, September 21, issued a new draft on action against wilful defaulters that includes publishing their photographs and broadening the definition of wilful defaulters as someone who has an outstanding amount of […]
New Delhi (TIP)- The Reserve Bank of India (RBI) on Wednesday, September 13, said regulated entities have to release original property documents to retail loan borrowers within 30 days of full repayment, and any delay […]
Retail inflation declined to 6.83% in August after touching a 15-month high of 7.44% in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank’s comfort zone. The overall inflation […]
A French government watchdog agency ordered Apple to withdraw the iPhone 12 from the market, saying it emits levels of electromagnetic radiation that are too high. The National Frequency Agency, which oversees radio-electric frequencies as […]
NTPC Ltd, India’s largest integrated power utility, has forged a significant partnership with Apollo Hospitals, reaffirming its steadfast commitment to the health and well-being of its workforce. In a remarkable leap forward towards enhancing healthcare […]
New Delhi (TIP)- The Government on Wednesday, September 6, approved Rs 3,760 crore for viability gap funding of up to 40 per cent of total capital cost to set up 4,000 MWh battery energy storage […]
Tata Group’s consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s but is not comfortable with the $10 billion valuation sought, two people briefed on the matter […]
New York (TIP)- The U.S. Commerce Department should end all technology exports to Huawei and China’s top semiconductor firm following the discovery of new chips in Huawei phones that may violate trade restrictions, the chair […]
New Delhi (TIP)- India remained fastest growing major economy of the world in first quarter of the current financial year. India’s gross domestic product (GDP) rose at 7.8 per cent in first quarter of current […]
New York (TIP)- China’s commerce minister urged Chinese companies investing in the US to be given “equal treatment” and called US tariffs on Chinese imports “discriminatory”, when he met US Commerce Secretary Gina Raimondo this […]
UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it will axe 3,000 jobs in Switzerland alone after it took over its stricken rival Credit Suisse. […]
Japanese conglomerate Softbank on Wednesday, August 30, divested a 1.16% stake in online food ordering company Zomato for Rs 947 crore through an open market transaction. Softbank through its affiliate SVF Growth (Singapore) Pte offloaded […]
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