London (TIP)- The Reserve Bank of India hiked the repo rate by 25 per cent to 6.5 per cent and forecast slower economic growth of 6.4 per cent during next fiscal as compared to the […]
Debt-ridden telecom operator Vodafone Idea (Vi) said its Board has approved the allotment of equity shares worth Rs 16,133 crore to the government, which post-allocation holds a 33.44% stake in the company. The shares have […]
Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable. […]
London (TIP)- As many as three Adani group companies, including Adani Enterprises, have come un Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in […]
New Delhi (TIP)- As many as three Adani group companies, including Adani Enterprises, have come under short-term additional surveillance measure (ASM) framework of the BSE and NSE, according to the latest data available with the […]
Alphabet Inc. will “meaningfully” slow its pace of hiring in 2023, Chief Financial Officer Ruth Porat said. The severance charge for the job cuts will range from $1.9 billion to $2.3 billion and will be […]
The Bank of England raised interest rates for the 10th straight time on Thursday and signalled the tide was turning in Britain’s battle against high inflation, forcing investors to dial down bets on a more […]
Durham (TIP)- Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the […]
United Nations (TIP)- India is a “bright spot” in the world economy currently and is on a “strong footing”, projected to grow at 6.7 per cent next year, a very high growth rate relative to […]
Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will trim some support jobs, the U.S. planemaker said Friday, January 27. The Arlington, Virginia-based company […]
The US economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. Thursday’s, (January 26) estimate […]
Adani Enterprises Lltd. (AEL) has filed an offer letter with stock exchanges for a Rs 20,000 crore follow-on public offer (FPO) which will open on January 27 and close on January 31. Anchor investors can […]
India’s economy picked up speed in December as business conditions improved, marking a rebound for the South Asian nation that had showed signs of a slowdown the preceding month. The needle indicating so-called animal spirits […]
San Francisco (TIP)- Tech giant Microsoft is joining the ongoing layoff season at tech companies, and is reportedly set to fire nearly 11,000 employees this week amid the global economic slowdown. Sky News reported that […]
Beijing (TIP)- Hit hard by the zero-Covid policy and slump in the real estate market, China’s economy shrank to three per cent in 2022, registering its second lowest growth rate in 50 years in the […]
New Delhi (TIP)- The country’s GDP at constant prices will grow by over Rs 10 lakh crore more during the current fiscal (FY22-23) as compared to the previous fiscal (FY 2021-22). This translates into growth […]
Apple Inc. is cutting Chief Executive Officer Tim Cook’s compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay. As part of […]
French billionaire Bernard Arnault announced Wednesday, January 11, that his daughter Delphine would head his LVMH luxury empire’s Dior fashion house in a leadership shuffle also featuring a new CEO at flagship brand Louis Vuitton. […]
New Delhi (TIP)- Continuing moderation in food prices brought retail inflation to a 12-month low of 5.7% in December 2022 , data released by the National Statistical Office (NSO) showed. In another set of statistics […]
New Delhi (TIP)- The Indian services sector growth touched a six-month high in December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on January 4. The seasonally […]
Seattle (TIP)- Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history, as it battles to save costs. The online giant, which employs 1.5 million people globally, did not say […]
Washington (TIP)- The U.S. economy added jobs at a solid clip in December, pushing the unemployment rate back to a pre-pandemic low of 3.5 per cent as the labour market remains tight, but Federal Reserve […]
A third of the global economy will be in recession this year, the IMF (International Monetary Fund) chief has said, and warned that 2023 will be “tougher” than last year as the US, EU (European […]
Mumbai (TIP)- The government on Friday, December 30, hiked the interest rates on small deposits — including post office term deposits, NSC and senior citizen savings scheme — by up to 1.1 percentage points from […]
BEIJING (TIP)- China’s economic activity contracted at a steeper tempo in December as the nation all of the sudden reversed its Covid Zero coverage and the virus swept via main cities, inflicting folks to remain […]
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