India’s external debt has risen by 7.1% to $617.1 billion in June 2022 as against $575.3 billion during the corresponding period last year, according to data released by the Reserve Bank of India (RBI). Compared […]
S&P Global Ratings on Thursday , September 29, said rising rates and increased European energy insecurity are hitting growth in almost every country, but India with an estimated 7.3% growth this fiscal, would be the […]
The global economy may face a recession next year caused by an aggressive wave of policy tightening that could yet prove inadequate to temper inflation, the World Bank said in a new report. Policy makers […]
Fitch Ratings on Thursday slashed India’s economic growth forecast for FY23 to 7% from 7.8% projected in June, and said it expects key policy rates of theReserve Bank of India (RBI) to peak in the […]
India’s merchandise trade deficit in August widened to $27.98 billion from $11.71 billion a year earlier, revised data released by the government showed on September 14. India’s merchandise exports rose to $33.92 billion from $33.38 […]
Gautam Adani became the world’s second richest person on September 16 , but only for a brief period. The tycoon surpassed Amazon boss Jeff Bezos and Louis Vuitton’s Bernard Arnault to grab the second spot […]
Equity benchmarks spiralled lower for the third session on the trot on Friday, September 16, in lockstep with a sell-off in overseas markets as investors fretted over the global economy slipping into a recession amid […]
New Delhi (TIP)- Apple’s latest line-up of iPhones will boast better cameras, faster processors, and a longer lasting battery — all at the same prices as last year’s models, despite inflationary pressure that has driven […]
The secret behind Elon Musk’s goal of selling 20 million Tesla’s a year by 2030 lies in its pioneering battery technology. The good news is that by using bigger cells and a new process to […]
US tech companies that receive federal funding will be barred from building “advanced technology” facilities in China for 10 years, the Biden administration has said. The guidelines were unveiled as part of a $50bn (£43bn) […]
Europe’s currency slumped to a 20-year low against the dollar as regional energy prices surged after Russia’s Gazprom halted its key gas pipeline indefinitely. Gold remained steady even as the crisis in Europe drove investors […]
Billionaire businessman Gautam Adani today sought more collaboration between India and the US on healthcare, defence and cyber technologies while announcing that his group will build three giga factories for manufacturing solar modules, wind turbines […]
The country’s largest airline IndiGo and British carrier Virgin Atlantic on Wednesday announced a codeshare agreement. Under the pact, Virgin Atlantic will be allowed to sell seats to passengers connecting onto IndiGo flights. Under the […]
Adani Group’s chairman Gautam Adani is now the world’s third-richest person after overtaking France’s Bernard Arnault according to Bloomberg Billionaires Index. With a total net worth of $137.4 billion, 60-year-old Adani has surpassed the wealth […]
New York (TIP)- U.S. Federal Reserve officials on Tuesday reiterated their support for further interest-rate hikes to quell inflation, with the influential chief of the New York Fed saying the central bank will likely need […]
The Department of Telecommunications (DoT) has allocated spectrum to telecom operators, paving the way for the launch of 5G services. The letters for spectrum assignment were issued within hours of telecom operators making payments. “Spectrum […]
International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel – the most used fuel in the country, officials said. The world’s […]
In Britain, the cost of living soared again in July, putting further strain on under-pressure families across the UK. Consumer Prices Index inflation (CPI) reached 10.1 percent last month, beating expectations, the Office for National […]
Billionaire entrepreneur Elon Musk, who is attempting to walk away from his deal to acquire Twitter Inc , is seeking documents from advertising technology firms as part of his quest to gain more information on […]
Mumbai (TIP)- Ace stock market investor Rakesh Jhunjhunwala, often referred to as India’s Warren Buffett, died here Sunday, August 14, morning. He was 62. Jhunjhunwala died early this morning due to a cardiac arrest, a […]
San Francisco (TIP)- As Big Tech companies begin to lay off employees in the global economic downturn, Google executives have reportedly warned workers to either boost performance or prepare to leave as “there will be […]
US pharma giant Johnson & Johnson (J&J) has said that it will “discontinue” sales of its talc-based baby powder around the world from next year and will switch to an all cornstarch-based version of the […]
With global prices of crude oil, coal and fertilisers cooling off, inflation based on consumer price index (CPI) slipped below the 7% mark in July but remained above the RBI’s upper tolerance level of 6%. […]
In the context of Azadi ka Amrit Mahotsav, celebrating India’s 75th year of Independence, it is an opportune moment to examine the achievements of the past, identify the remaining gaps, and aspirations for the Indian […]
Uber Technologies is likely to sell a 7.8% stake in Indian food delivery firm Zomato through a $373 million block deal on Wednesday, according to a source familiar with the matter and a document seen […]
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