The embattled Adani Group has sold minority stakes in four of its listed companies to US-based GQG Partners for Rs 15,446 crore as the apple-to-airport conglomerate, recovering from a sell-off triggered by a short-seller report, […]
Despite promising in November 2022 that there will be no more layoffs, Elon Musk has fired more employees from Twitter, as per a report in The Verge. Tech site The Information first reported about layoffs […]
Prime Minister Narendra Modi said digital transactions in India will soon cross cash payments due to the increasing popularity of the Unified Payments Interface (UPI). Speaking after the launch of the cross-border connectivity between the […]
Majority of members of the high-powered Monetary Policy Committee (MPC) of the Reserve Bank were concerned about heightened inflation even as two panellists raised objections against an increase in the benchmark interest rate, according to […]
The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status. The […]
New Delhi (TIP)- Adani Enterprises’ (AEL) good third quarter numbers led to a rebound in its stocks after three days of selloff but seven of the Group’s listed companies were trading in the red with […]
BEIJING (TIP)- Asian markets sank Wednesday as a mixed US inflation report did little to soothe investor worries that the Federal Reserve will continue to ramp up interest rates, which many fear could cause a […]
Frederick Barclay, the reclusive tycoon who owes his former wife £100 million, is discussing a financial settlement with her after being threatened with bankruptcy. The 88-year-old is yet to pay a penny of the divorce […]
The International Monetary Fund (IMF) believes that a cost of living crisis that was triggered in many countries following global inflation spike is subsiding, Managing Director Kristalina Georgieva said. “We see inflation finally trimming down […]
New Delhi (TIP)- The Adani Group plans to prepay a $500 million bridge loan due next month after some banks balked at refinancing the debt following a short seller attack that sent the group’s assets […]
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 […]
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