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 […]
Elon Musk is joining Twitter’s Board of Directors a day after disclosing that the Tesla CEO took 9.2% stake in the social media platform. Twitter Inc. said in a regulatory filing on Tuesday that it […]
India is likely to maintain its position as the fastest-growing major economy with the ADB outlook projecting a growth rate of 7.5% for 2022-23 on strong investment prospects against 5% for China in January-December 2022. […]
New Delhi (TIP)- Francoise Bettencourt Meyers, cosmetics giant L’Oréal’s founder’s granddaughter, is the richest woman in the world – with a net worth of $74.8 billion – according to business publication Forbes’ 2022 list of […]
Mumbai/New Delhi (TIP)- Jet Airways India Ltd., which is undergoing a court-monitored restructuring, plans to return with a hybrid of premium and no-frills services that would allow the former top local airline to claw back […]
New Delhi (TIP)- Antitrust body Competition Commission of India (CCI) is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion on fees, triggering a lawsuit by a […]
New Delhi (TIP)- The Income Tax Department on Wednesday, March 23, raided multiple premises linked to Hero MotoCorp Chairman Pawan Munjal and other top executives of the company amid allegations of tax evasion. Sources said […]
BEIJING (TIP)- Asian shares were volatile on Thursday, March 23, and oil prices turned lower as the latest developments in the Ukraine war and more hawkish comments from U.S. Federal Reserve officials left investors uneasy. […]
Australia and New Zealand Banking Group said on Thursday it carried out an Australian dollar stablecoin payment, in a landmark transaction to become the first Australian lender to mint a digital asset linked to the […]
Rating agency Fitch on Tuesday , March 22, slashed India’s growth forecast for the next fiscal to 8.5% from 10.3%, citing soaring energy prices and rising inflation on account of the Russia-Ukraine war. It has […]
New Delhi (TIP)- The country’s exports for the first time crossed the USD 400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according […]
By Brian Grim, RFBF President BENGALURU (TIP): Intel Corporation’s CEO Pat Gelsinger and EVP Sandra Rivera received the 2021 Global Business & Interfaith Peace Gold Medal for their work in making Intel’s workplaces worldwide inclusive […]
The Supreme Court on Wednesday dismissed an interim bail plea of former Fortis promoter Shivinder Mohan Singh — accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd in connivance with others. “We are of […]
Moody’s on Thursday, March 16, slashed India’s growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertiliser import bill could limit the government’s capital expenditure. […]
Washington (TIP)-The Federal Reserve on Wednesday, March 16, raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% and 2% by year’s end in […]
Popular video streaming platform Netflix is planning to pause password sharing outside a single household by charging users extra for doing so. “While these have been hugely popular, they have also created some confusion about […]
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