China halted some trade with Taiwan in retaliation to the high-profile visit of US House Speaker Nancy Pelosi to the island. China’s General Administration of Customs said in a statement Wednesday that some fish and […]
NEW DELHI (TIP)- Elon Musk, in his confidentially filed countersuit in Delaware court, relied on Twitter’s litigation in India to counter the social media giant’s claim of breach of their merger agreement by Musk. Musk […]
Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of USD 97.26 billion and a profit […]
Tech giants Amazon and Apple delivered forecast-topping results Thursday, offering some reassurance to an earnings period weighed down by inflation, economic turmoil and war. A crowded period of results from the world’s biggest tech firms […]
HONG KONG/BEIJING (TIP)- Billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal (WSJ) reported on Thursday, July 28, after a regulatory crackdown that scuppered its US$37 billion (S$51 billion) initial […]
HCL Technologies’ chairperson Roshni Nadar Malhotra has retained her position as the richest woman in India, with a 54% jump in her networth to Rs 84,330 crore in 2021. Falguni Nayar, who quit her investment […]
The auction of 5G spectrum for telephony services will stretch to the fourth day after 16 rounds of bidding fetched bids worth Rs 1,49,623 crore. Telecom Minister Ashwini Vaishnaw on July 28 said 16 rounds […]
New Delhi (TIP)-Asian Development Bank (ADB) has lowered the economic growth forecast for India in the current to 7.2% from its earlier estimate of 7.5% due to the impact of Covid and the Russia-Ukraine war. […]
SAN FRANCISCO (TIP)- With recession fears mounting – as well as inflation, the war in Ukraine and the lingering pandemic taking a toll – many technology companies are rethinking their staffing needs, with some of […]
Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc had sold about 75% of its holdings of the virtual token. Tesla Chief Executive Elon Musk cited concerns […]
New Delhi (TIP)- Netflix and Microsoft have announced a partnership to launch the streaming giant’s first ad-supported subscription. The development comes months after Netflix announced a new ad-supported offering amid the company’s shrinking subscriber base. […]
New Delhi (TIP)- The Indian rupee on July 15 weakened to 79.96 levels against US dollar. So far this year, the US dollar is up 7% against the Indian currency. The US dollar today was […]
The Ministry of Finance on July 13 said it has slapped a notice on Chinese mobile maker Oppo, as Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of Rs 4,389 crore against the […]
Pakistan has reached a staff-level agreement with the International Monetary Fund, a milestone that would pave the way for the release of an additional $1.2 billion in loans and unlock more funding. The IMF will […]
London (TIP)- The euro sank to a two-decade low versus the dollar on Tuesday as another surge in natural gas prices reignited worries about the health of the euro zone economy and data showed euro […]
New Delhi (TIP)- Indian airline company SpiceJet is going through a highly turbulent phase in recent times on account of several glitches and a non-adherence to mandated guidelines in regards to the training of some […]
Sri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and teachers to classrooms. Its effort to arrange a bailout […]
Virgin Galactic announced Wednesday that it is partnering with a Boeing subsidiary to manufacture the next generation of the twin-fuselage aircraft used to carry aloft the space tourism company’s rocket ship. Aurora Flight Sciences will […]
New Delhi (TIP)- RBI Governor Shaktikanta Das on Thursday, June 30, said cryptocurrencies are a clear danger to the financial systems and asked the people to be cautious about the emerging risks in this regard. […]
WASHINGTON (TIP)- The U.S. economy contracted slightly more than previously estimated in the first quarter as the trade deficit widened to a record high and a resurgence in COVID-19 infections curbed spending on services like […]
Already reeling under high inflation, the common man is likely to suffer more with the GST Council deciding to increase rates on some products and services, besides bringing more items under its ambit. Come July […]
New York (TIP)- Twitter‘s board of directors has recommended that shareholders approve its proposed $44-billion sale to Tesla CEO Elon Musk, according to a regulatory filing Tuesday. It comes days after Musk in a letter […]
LONDON/TOKYO (TIP)- Manufacturing growth is slowing from Asia to Europe as China’s Covid-19 curbs and Russia’s invasion of Ukraine disrupt supply chains, while the growing risk of a recession in the United States poses a […]
Britain’s inflation rate hit 9.1% in May, a new 40-year high and up slightly on the previous month. The Office for National Statistics said on Wednesday consumer price inflation rose slightly from 9% in April, […]
Kellogg Co, the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s which also owns MorningStar Farms, the plant-based food maker, said Tuesday, […]
© The Indian Panorama