London (TIP)- Global subsidies for fossil fuels rose by $2 trillion over the past two years to reach a record $7 trillion in 2022, according to new estimates from the International Monetary Fund. The soaring […]
New York (TIP)- Subway said it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its stores. Terms of the […]
Finance Secretary TV Somanathan on Thursday, August 24, said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and asked Indian diaspora to […]
India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government […]
In another push to its India manufacturing dream, Apple iPhone maker Foxconn is all geared up to start the local production of the next-generation of iPhone 15 at its Sriperumbudur facility near Tamil Nadu faster […]
Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank’s comfort zone of 6%, said an article in the RBI’s monthly bulletin released on Thursday, August […]
New York (TIP)- The number of Americans filing new claims for unemployment benefits fell last week, pointing to a still tight labor market. Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted […]
New York (TIP)- China Evergrande Group, the real estate giant whose default two years ago accelerated a broader property debt crisis in the country, sought Chapter 15 bankruptcy protection in New York on Thursday, August […]
New York (TIP)- Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely […]
New Delhi (TIP)- Air India on Thursday, August 10, unveiled a new brand identity and aircraft livery as the airline moves ahead with its transformation plan since being taken over by Tata Group more than […]
Net direct tax collection swelled 17.33% to Rs 5.84 lakh crore up to August 10 this fiscal, reaching 32% of the full-year Budget Estimates (BE). The Income Tax department in a statement said the collection […]
India’s industrial production growth declined to a three-month low of 3.7% in June mainly due to poor showing by the manufacturing sector, according to the official data released on Friday, Augusr 11. The factory output […]
New Delhi (TIP)- The finance ministry has said that the top 50 wilful defaulters, which include companies like fugitive Mehul Choksi’s Gitanjali Gems Limited, and Era Infra Engineering Limited, REI Agro Limited, and ABG Shipyard […]
Washington (TIP)- The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to an 11-month low in July as labor market conditions remain tight. The labor market has […]
The government on Thursday , August 3, imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers with immediate effect. The Directorate General of Foreign Trade (DGFT) in a […]
India can become a USD 6.7 trillion economy by 2031, from USD 3.4 trillion currently, if the country clocks an average growth of 6.7 per cent for 7 years, an S&P Global report said on […]
Washington (TIP)- The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, July 26, and Fed Chair Jerome Powell said the economy still needed to slow and the labor market […]
New Delhi (TIP)- Tata Group-owned Air India is planning to operate flights to more US cities, including Los Angeles, and is assessing various metrics, according to sources. Currently, the airline operates non-stop flights to five […]
Economists at the country’s largest lender SBI on Thursday, July 27, advanced their estimate on the Indian economy becoming the third largest in the world by two years to 2027. In a note that comes […]
A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday , July 27, allaying concerns on the validity of such notes. The symbol is […]
The Asian Development Bank (ADB) on Wednesday, July 19, retained India’s economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will […]
Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October. Musk, who has been outspoken about the difficulties facing […]
New Delhi (TIP)- Reliance Industries (RIL) on Friday, July 21, reported an 11% drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost. Net profit […]
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs 9,000 crore in India, Parliament was informed on Friday, June 21. Data shared by the Minister of […]
Tata Group on Wednesday , July 19, announced an investment of £4 billion (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers. […]
© The Indian Panorama