New delhi (TIP) : The Indian economy is expected to maintain a real gross domestic product (GDP) growth of 9% in FY22 and FY23 amid the Omicron uncertainty, ratings and research firm Icra Ltd said. […]
From mainstream acceptance, emergence of new digital coins, to challenging central authorities over the notion of ‘currency’, 2021 will be remembered as the defining year of cryptocurrency across the globe. As the world prepares for […]
The year 2021 will surely go down in the history of primary markets as one of the most successful years for initial public offers (IPOs) in India as more than Rs 1.30 lakh crores was […]
Tech giant HP on Wednesday, Dec 22, said it has started manufacturing of multiple PC products, including laptops, in India. Powering the ‘Make in India’ initiative of the Government of India, HP has started manufacturing […]
With the Income Tax department conducting searches at several premises of Chinese mobile companies across the nation, smartphone brand OPPO said on Wednesday it will continue to cooperate with authorities as per procedure. According to […]
E-commerce major Amazon on Wednesday said it will acquire Prione Business Services — its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was formed in 2014 and was coming up […]
Asian sharemarkets were gaining ground on Wednesday, Dec 22, as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron variant cases around the world. MSCI’s broadest index of […]
China’s economy slowed further in November, dragged down by a worsening property market slump and disruptions from repeated Covid outbreaks. Growth in fixed-asset investment eased to 5.2% in the first eleven months of the year. […]
French fashion house Chanel named Leena Nair, an executive from Unilever, as its new global CEO on Tuesday, picking a consumer goods veteran to run one of the world’s biggest luxury goods groups. I am […]
Apple Inc’s market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most valuable company. The stock needs […]
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday, Dec 14, issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October […]
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. […]
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