New Delhi (TIP)- Sounding a red alert on India’s CPI inflation at an 8-year high print of 7.79% YoY in April, Acuite Ratings has said it may trigger quicker rate hikes. “If inflation pressures continue […]
Britain’s billionaire Issa brothers and Indian tycoon Mukesh Ambani are preparing to face off in the final battle for the Boots drugstore chain, one of the UK high street’s most recognizable names. The Issas are […]
Elon Musk tweeted on Friday, May 13, that his $44-billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its […]
Washington (TIP)- Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last […]
Mumbai (TIP)- All of a sudden-and entirely unexpected-the Reserve Bank of India (RBI) on May 4 increased the repo rate by 40 basis points to 4.4 percent for the first time in almost two years […]
Elon Musk has said Twitter Inc might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s […]
LIC’s public offer, the country’s biggest-ever IPO, was fully subscribed on the second day of bidding on Thursday, May 5. Against 16,20,78,067 shares on offer, 16,25,35,125 bids were received, making the public issue fully subscribed, […]
The Bank of England raised its key interest rate to the highest level in 13 years on Thursday as policymakers around the world combat inflation fuelled by high energy prices, Russia’s war in Ukraine and […]
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. Brent […]
Washington (TIP)-The US Securities and Exchange Commission added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China’s JD.com, Pinduoduo Inc, Bilibili Inc , and NetEase Inc. The […]
Mumbai (TIP) Indonesia’s wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed to India at ports and oil mills in the world’s top producer, four […]
San Francisco (TIP)- Twitter on Thursday, April 28, posted quarterly earnings of $513 million days after it agreed to be sold to billionaire Elon Musk. The social media company said Thursday that revenue rose 16% […]
Washington (TIP)- The U.S. economy unexpectedly contracted in the first quarter amid a resurgence in COVID-19 cases and drop in pandemic relief money from the government, but the decline in output is misleading as domestic […]
Film exhibition company PVR Cinemas on Thursday, April 28, announced that it has entered into a tie-up with Oma Cinema of France to introduce the concept of “cinema pods” in the Indian market. The announcement […]
Apple on Thursday reported strong quarterly results despite supply shortages, but warned that its growth slowdown is likely to deepen. The company said it’s still struggling to get enough chips to meet demand and contending […]
Tesla Chief Elon Musk said that he had lined up commitments worth $46.5 billion to finance a Twitter takeover deal, a week after he first made a public offer to buy the social media company, […]
Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted deeper losses ahead, marking an abrupt shift […]
Colombo (TIP)- Crisis-hit Sri Lanka’s inflation hit a record high for the sixth consecutive month, official data showed on Friday as the government asked the IMF for an urgent bailout. The broad-based National Consumer Price […]
New Delhi (TIP)- The wholesale price-based inflation spiked to a four-month high of 14.55 per cent in March on rising prices of crude oil and other commodities due to disruption in global supply chain in […]
Washington (TIP)- The International Monetary Fund on April 19 projected a “fairly robust” growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than […]
Shionogi & Co. slumped the most in more than a decade after the drugmaker said animal studies showed its experimental Covid drug disturbed fetal development. The stock fell as much as 16% in Tokyo trading […]
New Delhi (TIP)- Retail inflation quickened to 6.95% in March, compared to 6.07% in the previous month, driven by a sharp jump in food prices, official data released on Tuesday, April 12, showed. A range […]
Crisis-stricken Sri Lanka defaulted on its $51 billion external debt on Tuesday, calling the move a “last resort” after running out of foreign exchange to import desperately needed goods. The island nation is grappling with […]
New Delhi (TIP)- The world merchandise trade volume is expected to grow by 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and […]
Billionaire Elon Musk has offered to buy Twitter for about $41 billion, just days after rejecting a seat on the social media company’s board. Musk’s offer price of $54.20 per share, which was disclosed in […]
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