HONG KONG (TIP): The dollar failed to pick up ground on most major peers on Thursday as markets saw optimism in early data hinting the Omicron variant of the new coronavirus may not be as […]
The Reserve Bank of India decided to keep the benchmark lending rate unchanged at 4 per cent for the ninth time in a row and maintain the accommodative policy stance in view of the lingering […]
New Delhi (TIP): Fitch Ratings on Wednesday, Dec 8, cut India’s economic growth forecast to 8.4% for the current fiscal ending March 31, 2022, saying the rebound after the second wave of Covid infections has […]
Ford Motor Co is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest SUV, its largest-ever investment in the country. The plan includes a near doubling of the […]
Mumbai (TIP): The RBI on Thursday, Dec 2, filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai Bench of the National Company Law Tribunal (NCLT). The […]
International Monetary Fund Chief Economist Gita Gopinath is set to take over from Geoffrey Okamoto as the institution’s No. 2 official, the institution said Thursday, Dec 2. The move comes as a surprise because Gopinath, […]
Bengaluru (TIP): Jet Airways is in talks with Boeing and Airbus for an order worth $12 billion, BloombergQuint reported on Thursday, citing Bloomberg News. The airline’s new owners — UAE-based businessman Murari Lal Jalan and […]
HONG KONG (TIP): Asian markets have been blended Friday, Dec 3, as merchants tracked developments within the Omicron virus pressure because it spreads around the globe, fuelling considerations concerning the financial restoration, simply because the […]
After a few days’ break, Elon Musk resumed selling shares in Tesla Inc., now coming more than halfway to making good on his promise to offload 10% of his stake in the electric-car maker. The […]
HONG KONG (TIP): Chinese authorities are working with U.S. counterparts to prevent Chinese companies being delisted from U.S. stock exchanges, a Chinese regulatory official said on Thursday, as a lengthy dispute about auditing standards rumbles […]
Tata Group-owned e-grocery BigBasket has entered offline retail with the opening of its first brick-and-mortar store in Bengaluru on Wednesday. The store, branded Fresho, sells fresh fruits and vegetables. BigBasket co-founder & CEO Hari Menon […]
Signing a pact for the transition from equalisation levy, India and the US on Wednesday agreed for a transitional approach on equalisation levy or digital tax on e-commerce supplies beginning April 1, the Finance Ministry […]
WASHINGTON (TIP): US banking regulators intend to clarify in 2022 what role traditional banks can legally play in the cryptocurrency market, they said on Tuesday. In a statement, regulators said they plan to make clear […]
Ace investor Rakesh Jhunjhunwala-backed Akasa Air on Wednesday announced signing an agreement to purchase CFM LEAP-1B engines to power its Boeing 737 MAX airplanes and the overall deal is estimated to be worth $4.5 billion. […]
The U.S., European Union and Japan will announce Wednesday they will renew their trilateral partnership to address the challenges posed by the non-market policies and practices of countries such as China, according to two people […]
Apple will now allow users to carry out Do-It-Yourself (DIY) repairs on certain iPhone and Mac computers. It starts sometime next year with the new Self Service Repair option, which will roll out in the […]
Numerous macro indicators suggest that the economic recovery is now taking hold after the beating it has taken during the pandemic, but for growth to be sustainable and reach its potential, private capital investment has […]
Shares of One 97 Communications, the parent company of digital payments company Paytm, debuted on the stock market on Thursday. The stock was opened for trading at Rs 1,950 on the NSE, marking a drop […]
Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said. Rapid vaccination and teeming festivities will push […]
Tesla Inc shares fell for the fourth straight session on Wednesday, putting at risk the electric-car maker’s position in the $1 trillion club after top boss Elon Musk polled Twitter users about selling 10% of […]
New Delhi (TIP): Bank of New York Mellon Corp has pulled out of providing financial services to Adani Group and its Carmichael coal mine in Australia, saying the venture is incompatible with its environmental, social […]
HONG KONG (TIP): Asian markets were mixed Thursday as rising inflation fears were tempered by a report that teetering Chinese property giant Evergrande had once again avoided a default after meeting bond-payment deadlines. US investors […]
WASHINGTON (TIP): The US economic expansion slowed dramatically in the third quarter to an annual rate of just two percent as consumer spending moderated amid resurgent Covid-19 infections, the government said on Thursday. The spread […]
WASHINGTON (TIP): US regulators are expelling a unit of China Telecom Ltd., one of the country’s three major state-owned carriers, from the American market as a national security threat amid rising tension with Beijing. China […]
One97 Communications, which operates under Paytm brand name, will come out with the country’s biggest initial public offer on November 8 in the price band of Rs 2,080-2,150 per share, implying a valuation of around […]
© The Indian Panorama