Mumbai (TIP)- Governor Shaktikanta Das on Friday, June 17, refuted criticism of the RBI being behind the curve in its policies, making it clear that the consequences of focusing on the 4% inflation target would […]
Geneva (TIP)- In a landmark decision, more than 160 member countries of the World Trade Organization on Friday, June 17, agreed on deals curbing harmful fishing subsidies, waiving COVID-19 vaccine patents temporarily and tackling food […]
SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter that blasted the colorful billionaire for his behavior, according to media reports.The reports published Friday, […]
India’s foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion to $596.46 billion, Reserve Bank of India (RBI) data showed on Friday, June 17. The previous week that […]
Mumbai (TIP)- The Reserve Bank of India (RBI) on Wednesday, June 8, hiked the policy repo rate by 50 basis points to 4.9 per cent and raised the inflation projection for the current financial year […]
German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system, the federal transport authority (KBA) said. The KBA said in a statement dated June 1 […]
Canada said on Tuesday it was imposing new sanctions on Russia, banning export of 28 services, such as accounting and advertising, that are needed for the operation of Russian oil, gas and chemical industries. Canada’s […]
The World Bank, on Tuesday, June 7, cut India’s economic growth forecast for the current fiscal to 7.5 per cent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. This is the second […]
New Delhi (TIP)- India’s economic growth or GDP slipped to 4.1 per cent in the fourth quarter of 2021-22, while annual growth stood at 8.7 per cent, according to the government data released on Tuesday. […]
CHENNAI (TIP)- With the deadline for winding up operations nearing and with no ray of hope of another company taking over the unit, workers at Ford’s Chennai car plant have started a protest demanding better […]
GST revenue bucked the two-month rising trend in May and stood at nearly Rs 1.41 lakh crore, registering a year-on-year increase of 44%. Though the May Goods and Services Tax (GST) revenue came in lower […]
The homegrown automaker, Tata Motors has become the 2nd largest carmaker in the month of May 2022. Tata Motors sold 43,341 cars last month, while Hyundai’s total domestic sales for the month of May 2022 […]
CHENNAI (TIP): With the deadline for winding up operations nearing and with no ray of hope of another company taking over the unit, workers at Ford’s Chennai car plant have started a protest demanding better […]
British clothing-to-food retailer Marks and Spencer on Wednesday announced a full exit from Russia following the country’s invasion of Ukraine. After halting product shipments to Russia at the start of March, Marks and Spencer said […]
The total revenue implication of the excise duty cuts is seen at Rs 2.2 lakh crore a year. This, coupled with an additional outgo of Rs 1.1 lakh crore on account of fertiliser subsidies, is […]
Advanced economies will be back on track by 2024, but developing economies will be 5% below where they would have been otherwise, IMF’s Gita Gopinath said on Wednesday. Economies worldwide have been adversely impacted by […]
Elon Musk said on Wednesday, May 25, he will secure an additional $6.25 billion in equity financing to fund the $44-billion offer for Twitter Inc, reducing the billionaire’s margin loan to zero and signaling he […]
Almost a decade after playing home to Europe’s first mass-produced electric car, the UK is at risk of becoming a footnote in the global auto industry’s shift to battery-powered vehicles. The UK lacks the cell […]
Meta (formerly Facebook) has paused hirings for several verticals, like shopping and Messenger Kids, which has triggered the fear of layoffs among employees. According to The Verge, Meta has frozen hirings for a number of […]
Tesla CEO Elon Musk said on Thursday, May 19, that “Tesla is on my mind 24/7,” trying to soothe investor worries about him being distracted by a Twitter deal that has depressed stocks at the […]
Pessimism weighing on Britain’s households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to its joint lowest, a survey showed. Market research firm GfK said consumer morale gauge, dating […]
Wholesale price index (WPI)-based inflation rose to a record high of 15.08 per cent in April, up from 14.55 per cent in March, due to rising prices of crude, food products and chemicals. The wholesale […]
Domestic cooking gas LPG price was on Thursday, May 19, hiked by Rs 3.50 per cylinder, the second increase in rates this month. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national […]
Baba Ramdev-led Patanjali Ayurved Ltd will sell its food retail business to group firm Ruchi Soya Industries Ltd for Rs 690 crore as part of its strategy to focus on non-food, traditional medicine and wellness […]
Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people […]
© The Indian Panorama