Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology firms that he hopes to challenge in his bid […]
New Delhi (TIP)- Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of food, according to the government data. Inflation based on the Consumer Price […]
HCL Technologies has signed a pact to acquire 100% stake in ASAP Group, a German automotive engineering services provider, for about Rs 2,300 crore, according to a BSE filing. It aims to expand its capabilities […]
The India-China trade, which in recent years rose sharply despite bilateral tensions over the border dispute, showed the first signs of a slowdown in years falling by 0.9 per cent in the first half of […]
New Delhi (TIP)- Fast food chain McDonald’s has made the decision to remove tomatoes from its burgers and wraps in various locations across India. The move comes as the country experiences supply shortages and concerns […]
San Francisco (TIP)- Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away […]
In a jolt to low-cost airlines SpiceJet, the Supreme Court on Friday, July 7, refused to extend the time for making payment to media baron Kalanidhi Maran and his Kal Airways in pursuance of an […]
Vedanta Ltd on Friday said it will acquire the semiconductor and display businesses from sister concern Twin Star Technologies Ltd. The new structure will make Vedanta India’s first company in Integrated Semiconductor and Display Fab […]
Apple Inc’s market capitalisation on Friday, June 30, breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker’s ability to grow revenue even as it […]
New Delhi (TIP)- The finance ministry on midnight Friday, June 30, amended foreign exchange management rules to exclude international credit card spends from the purview of liberalised remittance scheme (LRS) hours after issuing a CBDT […]
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 […]
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