New Delhi (TIP): Finance Minister Nirmala Sitharaman on Thursday, Sept 16, announced a Rs 30,600 crore government guarantee for National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets, paving the way for operationalisation […]
Market benchmark Sensex scaled the 59,000-mark for the first time on Thursday, Sept 16, as investors remained in risk-on mode following the government’s policy support measures for various sectors. Advancing for the third consecutive session, […]
India is expected to grow at 7.2% in 2021 but economic growth could decelerate next year, according to a United Nations report which said the recovery in the country is constrained by the ongoing human […]
The Centre on September 15 approved the much-awaited relief package for the stressed telecom sector that includes a four-year moratorium on payment of dues by telecom companies and allowing 100 per cent foreign direct investment […]
Mumbai (TIP): Even as the stock markets hit record highs, the mutual fund (MF) sector reported a decline in inflows into equity and debt schemes while balanced advantage funds mobilised a higher amount through new […]
Ford Motor Co will stop manufacturing in India and take a hit of about $2 billion as it does not see a path to profitability in the country, becoming the latest automaker to leave a […]
RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present. He said […]
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a $1-billion refund resulting from […]
China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy. The producer price […]
New Delhi (TIP): India’s GDP grew at 20.1% in the quarter ending June — in line with expectations — although the high number is the result, not of a V-shaped recovery in the economy, but […]
Electric cars from Tesla Inc. may soon be on Indian roads, with the Union transport ministry approving four of its models for introduction in the country. The ministry’s Vahan portal, however, did not identify the […]
China’s economy took a knock from the delta virus outbreak in August, adding to signs of a slowdown in growth in the second half of the year and fueling speculation of more central bank support. […]
Google pushed back the date when its employees must return to the office until after Jan. 10, citing uncertainty related to the pandemic amid a resurgence of Covid-19 cases in various countries around the world. […]
Moody’s Investors Service on Thursday said second wave of Covid infections has increased asset risks for Indian banks, but a severe deterioration is unlikely. It said the second wave of coronavirus infections in India has […]
China’s tech shares slumped to new lows on Friday and Hong Kong’s benchmark index hit an virtually 10-month trough, as an unrelenting sequence of Chinese regulatory crackdowns crushed traders’ confidence. More than $560 billion in […]
HONG KONG (TIP): Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around two percent to $50,249.15, its […]
Stopping short of fuel supply cuts to disinvestment-bound Air India, state-owned oil retailers have sought the petroleum ministry’s intervention to recover their dues adding up to over Rs 3,000 crore, government officials and company executives […]
SINGAPORE (TIP): Afghanistan’s currency reserves are mostly held in foreign accounts and are probably inaccessible to Taliban rulers, leaving the country desperately low on dollars, Ajmal Ahmady, who led the central bank until the capture […]
Bengaluru (TIP): Application program interface (API) development platform Postman on Wednesday said it raised $225 million at a valuation of $5.6 billion, a little over a year after it entered the unicorn club with a […]
Facebook and a team of African and global telecoms companies will add four more countries to its world’s largest subsea cable project, widening the build project in Africa earlier than planned, they said in a […]
Crisil Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook to ‘positive’ from the earlier ‘cautiously optimistic’. It said the credit ratio, which illustrates the […]
Passenger vehicle wholesales in India rose significantly year-on-year in July, as Covid-led restrictions eased across states and companies pushed stocks to dealers to build up inventories for the upcoming festive season, SIAM said on Thursday, […]
New Delhi (TIP): Finance Minister Nirmala Sitharaman on Thursday, August 12, said the government is doing everything required to support the economy, and urged industry leaders to step up investments and build capacity in domestic […]
TOKYO (TIP): SoftBank Group Corp will pause its investing in China as it waits for regulatory action against the country’s tech firms to play out, Chief Executive Masayoshi Son said “Until the situation is clearer […]
New Delhi (TIP): Reliance New Energy Solar Ltd (RNESL), the newly floated renewable energy unit of Reliance Industries Ltd, along with Bill Gates and other investors have invested $144 million in Massachusetts-based Ambri Inc, which […]
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