The International Monetary Fund (IMF) has slashed its economic growth forecast for India by 20 basis points (bps) to 5.9 per cent for 2023-24 (FY24), citing lesser scope for pent-up demand due to historical revisions […]
Global shares were mostly higher as investors watched for key inflation data likely to influence the Federal Reserve’s stance on interest rates. France’s CAC 40 added 0.4 per cent in early trading to 7,420.32. Germany’s […]
Retail inflation in March fell to a 15-month low of 5.66% and came back to the Reserve Bank’s comfort level of 6%, as prices of vegetables and protein-rich items eased, showed government data released on […]
loses top spot to Bernard Arnault Bernard Arnault, chairman of French luxury goods company LVMH, became the world’s richest person, replacing Tesla boss Elon Musk, whose net worth slipped by about $39 billion in the […]
The International Monetary Fund is not expected to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that concerns about an oil price spike had failed […]
The Reserve Bank of India on Thursday, April 6, announced an unchanged repo rate (basic interest rate) on the expectations of lower inflation in the coming months due to past six successive rate hikes since […]
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines. “This initiative will further […]
Tokyo (TIP)- SoftBank Group Corp. surged in Tokyo trading after Alibaba Group Holding Ltd. announced a six-way split of its businesses, fueling optimism for a recovery at one of the Japanese company’s most important holdings. […]
Washington (TIP)- U.S. regulators said they would backstop a deal for regional lender First Citizens BancShares to acquire failed Silicon Valley Bank, triggering an estimated $20 billion hit to a government-run insurance fund. The deal […]
Ratings agency Fitch has said that two Adani Group subsidiaries are exposed to heightened contagion risks as a result of governance weakness at the conglomerate’s sponsor level. Adani Transmission Limited and Adani Ports and Special […]
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 […]
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