Spending by the Indian Government this fiscal year could be less than budgeted for the first time in three years, two sources with direct knowledge of the matter told Reuters, amid a push to meet […]
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees on Wednesday, […]
Social media giant Meta on Thursday, November 3, said its India head Ajit Mohan has resigned from the company. “Ajit has decided to step down from his role at Meta to pursue another opportunity outside […]
Edtech giant Byju’s has roped in soccer superstar Lionel Messi as the first global brand ambassador of its social impact arm Education For All, PTI reported. Messi plays for Paris Saint-Germain and captains the Argentinian […]
Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, plans to enter the salon business and is in final stages to buy a roughly 49% stake in Naturals Salon & Spa, the Economic Times […]
A jump in U.S. monthly job openings has thrown the Federal Reserve another confounding bit of data for its policy meeting this week, with more evidence that rapid interest rate increases have yet to bite […]
The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fuelled by Russia’s invasion of Ukraine and the disastrous economic policies of […]
The International Monetary Fund (IMF) has downgraded its economic outlook for Asia as global monetary tightening, rising inflation blamed on the war in Ukraine, and China’s sharp slowdown dampen the region’s recovery prospects. While inflation […]
New York (TIP)- “Let the good times roll”, billionaire Elon Musk tweeted on Friday, hours after he completed his acquisition of Twitter for a whopping USD 44 billion and started off as the social media […]
Maruti Suzuki India on Friday, October 28, reported an over four-fold increase in consolidated net profit to Rs 2,112.5 crore in the second quarter that ended September 30, 2022, riding on record sales. The company […]
Japanese Prime Minister Fumio Kishida’s government approved on Friday a hefty economic package that will include about 29 trillion yen ($200 billion) in government spending to soften the burden of rising utility rates and food […]
Foreign exchange reserves fell $3.8 billion to a two-year-low of $524.52 billion in the week ended October 21, data released by Reserve Bank of India (RBI) revealed. This is the lowest level at which foreign […]
New Delhi (TIP)- India’s external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices, and risk to the sovereign rating from external pressure is […]
Stocks on Wall Street lost ground again Thursday, though the major indexes remained on pace for a weekly gain after a strong two-day rally earlier this week. The S&P 500 fell 0.8%. Nearly three-fourths of […]
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators said. […]
Singapore Airlines (SIA) said on Thursday, October 13, it was in talks with Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger […]
A key gauge of US consumer prices advanced to a 40-year high in September, underscoring persistent, elevated inflation that’s squeezing households and pushing the Federal Reserve toward another aggressive rate hike. A total of 142 […]
Tesla CEO Elon Musk is being investigated in connection with his $44 billion acquisition of Twitter, the microblogging site said in a court filing on Thursday. The lawyers on behalf of social media company wrote […]
India’s debt ratio is projected at 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little bit easier to sustain, a […]
Vinod Khosla, Romesh Wadhwani and Rakesh Gangwal made it to the Forbes 2022 list. Indian-Americans Vinod Khosla, Romesh Wadhwani and Rakesh Gangwal made it to the Forbes 2022 list of 400 wealthiest Americans with Zscaler […]
A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries and called for a new strategy. “Excessive monetary tightening could […]
Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Fund’s managing director Kristalina Georgieva said. […]
Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, potentially avoiding a courtroom fight over one of the most contentious acquisitions in recent history. Musk made the […]
India climbed six notches to 40th position in the Global Innovation Index 2022 on account of improvement in several parameters, according to a report by the Geneva-based World Intellectual Property Organization (WIPO). Switzerland, the United […]
A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said on Wednesday citing a survey of chief economists from across the world. […]
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