Supply chain woes cost Apple $6 billion (roughly Rs. 44,890 crore) in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be […]
New Delhi (TIP): As Reliance Jio gets ready to launch its next handset soon in the festive season, Alphabet and Google CEO Sundar Pichai said that in three-five years, the affordable JioPhone Next device will […]
The Singapore-based arbitrator, SIAC, has rejected Future Retail’s plea to lift the interim stay on its Rs 24,713-crore deal with Reliance Retail, giving a major relief to Amazon that is contesting the transaction. The development […]
New Delhi (TIP): The Reserve Bank of India (RBI) has imposed a monetary penalty on two payment system operators for deficiencies in regulatory compliance. A statement issued by the RBI today read, “The Reserve Bank […]
New Delhi (TIP): As smartphone vendors struggled with supply issues for low-end mobile handsets, the shipments in India fell 5 per cent (on-year) in the third quarter (Q3) this year, a new report showed on […]
WASHINGTON (TIP): The United States budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years […]
Reliance Industries has topped Indian corporates in the World’s Best Employers rankings 2021 published by Forbes. Reliance was placed at 52 in the overall ranking of 750 global corporates such as Phillips, Sanofi, Pfizer and […]
ASHINGTON (TIP): Finance leaders from the G20 major economies endorsed a global deal to revamp corporate taxation and pledged to sustain fiscal support for their economies while keeping a close eye on rising inflation. The […]
Microsoft on Thursday, Oct 14, said it will shut down career-oriented social network LinkedIn in China, citing a “challenging operating environment” as Beijing tightens control over tech firms. The US-based company will replace LinkedIn in […]
Extending its winning run to the sixth straight session, equity benchmark Sensex rallied 569 points to close at a new peak on Thursday, driven by gains in index majors HDFC twins, ICICI Bank and ITC […]
HONG KONG (TIP): Asian shares rose on Friday, October 8, as Chinese shares returned from a one week holiday upbeat, tracking a global rally, while investors also eyed key U.S. jobs data for any fresh […]
New Delhi (TIP): Fitch Ratings has cut India’s economic growth forecast to 8.7% for the current fiscal but raised GDP growth projection for FY23 to 10%, saying the second Covid wave delayed rather than derail […]
Tata Motors is in early talks with Ford to buy the latter’s units in Tamil Nadu and Gujarat, according to a report in TOI. If the transaction materialises, it will be Tata Motors’ second asset […]
Adding to its burgeoning retail empire, billionaire Mukesh Ambani’s Reliance Retail will bring 7-Eleven convenience stores to India, days after Future Retail ended its deal with the US chain. The first 7-Eleven store will open […]
India is better than most of the world in the adoption of Fintech or automated financial services. “India’s adoption rate is 87 per cent as against the global average rate of 64 per cent, which […]
Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared USD 80 per barrel mark for the first time in three years. The price […]
NEW YORK (TIP): It was a bad day for US stocks on Tuesday (Sept 28) as poor consumer confidence data, rising bond yields and fears of a debt default caused indices to sink sharply. Trading […]
Britain’s transport minister Grant Shapp requested drivers on Tuesday to avoid filling up old water bottles with fuel at petrol pumps after the country went into panic fuel-buying mode. In recent days, motorists have queued […]
SEBI’s Board on Tuesday cleared a proposal for setting up a gold exchange wherein the yellow metal will be traded in the form of electronic gold receipts and the bourse will help in having a […]
Mumbai (TIP): The Reserve Bank of India (RBI) on Friday, Sept 24, allowed banks to sell fraud loan exposures to asset reconstruction companies (ARCs). Banks will now be able to transfer to ARCs loan exposures […]
Mumbai (TIP): The BSE Sensex made history on Friday, Sept 24, by reaching the 60,000 mark for the first time ever as investors continued to accumulate banking, finance and auto stocks despite lacklustre global cues […]
The Asian Development Bank (ADB) has lowered India’s growth projections for the current financial year by a percentage point to 10%, mainly due to disruptions in economic activity caused by the second wave of the […]
China’s central bank on Friday, Sept 24, declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies […]
September 23, 2021 TIP Special Correspondent WASHINGTON, DC (TIP): Prime Minister Narendra Modi on Thursday, September 23, met a group of five top American corporate leaders on a one-on-one basis from a range of diverse […]
Microsoft Corp said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair. Microsoft said the buyback program has […]
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