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 […]
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. […]
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