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 […]
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 […]
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