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 […]
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 […]
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