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 […]
After initially rolling out Bard in the UK and the US, Google has now opened the AI chatbot to over 180 countries, including India, with more coming soon. Apart from English, Bard is now available […]
Budget carrier SpiceJet on Thursday, May 11, said it has no plans to file for insolvency proceedings and has also started the process of reviving its grounded fleet with $50 million. The statement from SpiceJet […]
The Economic Offences Wing of the Delhi Police has filed an FIR against BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged […]
In a shock announcement, the Go First Airlines, owned by Wadia-group, said it is cancelling all its flights for two days in view of fund shortage. The decision shocked the airline’s passengers who had booked […]
The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking sector woes. The reopening […]
The European Central Bank slowed the pace of its interest rate increases Thursday, stepping back like the U.S. Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation. The ECB’s quarter-point hike […]
India’s services sector activity, as measured by the Purchasing Managers’ Index (PMI), reached a 13-year high of 62 in April, according to data released by the S&P Global on Wednesday, despite rising cost pressures for […]
A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to “pre-occupation”, Adani Total Gas […]
Seton Hall University (shu.edu) hosts the 10th Annual New Jersey Big Data Alliance (NJBDA; njbda.org) Symposium, the state’s “premier conference for big data and advanced computing”. This year’s symposium will be held in person on […]
A restaurant on the outskirts of Nairobi skimps on the size of its chapatis — a flaky, chewy Kenyan flatbread — to save on cooking oil. Cash-strapped Pakistanis reluctantly go vegetarian, dropping beef and chicken […]
US economic growth slowed to 1.1 percent in the first quarter of this year, the Commerce Department said on Thursday, as the possibility of a mild recession increases. The figure came in below economists’ expectations […]
Air India will hire more than 1,000 pilots, including captains and trainers, as the Tata Group-owned airline expands its fleet and network. The airline, which currently has more than 1,800 pilots, has placed orders for […]
Tesla Power USA on Thursday inked a pact with Indian Oil Corporation (IOC) to sell and service batteries at the firm’s petrol pumps. It will enable Tesla Power to sell and service batteries at over […]
Industrialist Gautam Adani’s group is looking to raise $1-1.5 billion for financing new green energy projects in the conglomerate’s biggest borrowing since the group came under attack from a US short seller in January. The […]
US consumer inflation slowed in March, according to US data Wednesday, lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool the economy. The rate of inflation year-over-year fell to 5.0 […]
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