An anticipated economic slow-down in China is likely to drag global growth down to its lowest level this century, the World Bank said Monday, proposing measures to prevent a “lost decade” of growth. The world’s […]
Washington (TIP)- The Federal Reserve on Wednesday, March 22, raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent […]
Mumbai (TIP)-Unlike the global economy, India would not slow down and maintain the pace of expansion achieved in 2022-23, an RBI article said. “We remain optimistic about India, whatever the odds,” said the article on […]
Industrialist Gautam Adani’s fortunes have suffered a severe setback on concerns over corporate governance and accounting fraud, leading to Reliance Industries’ Mukesh Ambani replacing the Ahmedabad-based industrialist as the richest Indian. Adani lost Rs 3,000 […]
Notwithstanding a surprising increase in inflation revealed on Wednesday, the Bank of England increased interest rates by another quarter of a percentage point on Thursday and stated that it anticipates the British inflation spike to […]
New york (TIP)- The fight between the U.S. and China over TikTok reached an inflection point on Wednesday when the Biden administration demanded that ByteDance, the social media app’s Chinese owners, sell off its stakes […]
SYDNEY (TIP)- Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of […]
India’s exports dipped in February for the third consecutive month by 8.8 per cent to USD 33.88 billion against USD 37.15 billion in the same month last year, according to the data released by the […]
Apple Inc. is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline operations during uncertain times, according to people with knowledge of the situation. The […]
New Delhi (TIP)-The Adani Group has repaid a $500 million bridge loan due Thursday, according to people with knowledge of the matter, adding to a slew of other payments as the Indian conglomerate works to […]
President Joe Biden is proposing a series of new tax increases on billionaires, rich investors and corporations in his latest proposal for how Congress should prioritize taxes and spending. Biden’s budget request to Congress, which […]
Reliance Consumer Products (RCPL), the fast-moving consumer goods arm and subsidiary of Reliance Retail Ventures (RRVL), on Thursday, March 9, announced the launch of the iconic brand, Campa, made for a new-age India. The Campa […]
The world’s richest people, dubbed as ‘ultra-high net worth individuals’ (UHNWIs) have shed a cumulative wealth of $10 trillion or 10% from their net worth in 2022, due to global economic uncertainty, energy crisis and, […]
Group of 20 (G20) nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund (IMF) said on Saturday, adding that banning private cryptocurrencies should be an option. India’s […]
Singapore Airlines’ (SIA) deal with Tata Sons will inject a further $267 million into Air India. It will give SIA a 25.1% stake in the Air India Group following its takeover by Tata and merger […]
The embattled Adani Group has sold minority stakes in four of its listed companies to US-based GQG Partners for Rs 15,446 crore as the apple-to-airport conglomerate, recovering from a sell-off triggered by a short-seller report, […]
Despite promising in November 2022 that there will be no more layoffs, Elon Musk has fired more employees from Twitter, as per a report in The Verge. Tech site The Information first reported about layoffs […]
Prime Minister Narendra Modi said digital transactions in India will soon cross cash payments due to the increasing popularity of the Unified Payments Interface (UPI). Speaking after the launch of the cross-border connectivity between the […]
Majority of members of the high-powered Monetary Policy Committee (MPC) of the Reserve Bank were concerned about heightened inflation even as two panellists raised objections against an increase in the benchmark interest rate, according to […]
The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status. The […]
New Delhi (TIP)- Adani Enterprises’ (AEL) good third quarter numbers led to a rebound in its stocks after three days of selloff but seven of the Group’s listed companies were trading in the red with […]
BEIJING (TIP)- Asian markets sank Wednesday as a mixed US inflation report did little to soothe investor worries that the Federal Reserve will continue to ramp up interest rates, which many fear could cause a […]
Frederick Barclay, the reclusive tycoon who owes his former wife £100 million, is discussing a financial settlement with her after being threatened with bankruptcy. The 88-year-old is yet to pay a penny of the divorce […]
The International Monetary Fund (IMF) believes that a cost of living crisis that was triggered in many countries following global inflation spike is subsiding, Managing Director Kristalina Georgieva said. “We see inflation finally trimming down […]
New Delhi (TIP)- The Adani Group plans to prepay a $500 million bridge loan due next month after some banks balked at refinancing the debt following a short seller attack that sent the group’s assets […]
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