New Delhi (TIP)- The Adani Group on Friday, December 30, acquired 27.26% equity stake in NDTV from its founders Prannoy Roy and his wife Radhika Roy for Rs 602.3 crore. “RRPR, an indirect subsidiary of […]
Production of eight infrastructure sectors increased by 5.4% in November against a 3.2% growth in the same month last year on a better show by coal, fertiliser, steel, cement and electricity segments, according to the […]
Hong Kong (TIP)- Asian markets fell again Friday, December 23, after forecast-beating US data fuelled expectations that the Federal Reserve will lift interest rates well into next year. A glum warning from top chipmaker Micron […]
Mumbai (TIP)- Pressing for the prohibition of instruments like bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday, December 21, warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative instruments […]
Reliance Industries has agreed to buy German firm Metro AG’s wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India’s mammoth […]
Washington (TIP)- Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its […]
New Delhi (TIP)- Asian Development Bank (ADB) has kept its outlook for India’s economic growth unchanged at 7 per cent for the current fiscal year while forecasting a weaker-than-previously expected pace for developing Asia. ADB’s […]
Washington (TIP)- Stocks tumbled on Wall Street and across European markets Thursday, December 15, as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring […]
New Delhi (TIP)- Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from December 5 could […]
Elon Musk sold another USD 3.58 billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent. The Tesla CEO, and new owner of Twitter, sold the sharesin three […]
Mumbai (TIP)- Two Adani group companies — Adani Enterprises and Adani Transmission — have uprooted the traditional leader Reliance Industries in annual wealth creation in 2022 so far, while the top 100 of them created […]
SYDNEY (TIP)- Asian shares tracked Wall Street higher amid hopes that China’s economy would pick up pace as COVID-19 curbs ease, although caution ahead of a week full of risk events, including the Federal Reserve’s […]
New Delhi (TIP)- Fintech unicorn BhartPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and his family, seeking up to Rs 88.67 crore in damages for alleged cheating and embezzlement […]
Air India on Thursday, December 8, announced plans to refurbish its entire legacy wide-body fleet, comprising 27 Boeing B787-8 and 13 B777 aircraft, committing over $400 million for the project. This refurbishment will see a […]
The government on Thursday, December 1, slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel. The tax on crude oil produced by firms […]
New Delhi (TIP)- India’s real (inflation adjusted) gross domestic product (GDP) grew 6.3% in the July-September quarter, far slower than 13.5% in the previous quarter, official data released by the ministry of statistics and programme […]
The Tata Group announced the consolidation of its airlines – Vistara and Air India. Air India will be the country’s leading domestic and international carrier with a combined fleet of 218 aircraft and India’s largest […]
The Government eMarketplace (GeM), the six-year-old public procurement website, is closing in on e-commerce giants Amazon and Walmart-owned Flipkart in terms of gross merchandise value (GMV). Prashant Kumar Singh, chief executive officer of GeM, recently […]
Washington (TIP)- US consumer spending elevated solidly in October, whereas inflation moderated, giving the financial system a strong enhance in the beginning of the fourth quarter because it navigates a excessive rate of interest surroundings. […]
New Delhi (TIP)- Tata Group-owned Air India has mandated UK-based remarketing firm Skytech-AIC for the sale of its four Boeing 747-400 jumbo planes. These aircraft were deregistered by the Directorate General of Civil Aviation earlier […]
Beijing (TIP)- Foxconn Technology Group has begun offering 10,000 yuan ( around Rs 1 lakh) to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires who played a central […]
PC and printer major HP Inc is joining the ongoing tech layoff season and will lay off nearly 4,000-6,000 employees. In the earnings report for its fourth quarter of 2022, the company said it expects […]
Tata Consumer Products Ltd will buy Bisleri International for up to Rs 7000 crore, the Economic Times newspaper reported on Thursday, citing the packaged water maker’s chairman Ramesh Chauhan. Tata Consumer Products and Bisleri did […]
California (TIP)- Twitter Inc’s new owner Elon Musk on Thursday, November 10, raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US privacy regulator […]
Washington (TIP)- Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more […]
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