“The third regime of economic history began when Dr. Man Mohan Singh became the Prime minister in May 2004. This had been the phase of fastest economic progress as India achieved a solid compounded annual […]
New Delhi (TIP): Indian billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline could give planemaker Boeing a chance to regain lost ground in India after the fall of one of its biggest customers, Jet […]
ABL – Indira Projects JV – A Joint venture between Ashoka Buildcon and Chennai based Indira Projects & Developments signed a $48 Million (Rs 350 crore) infrastructure contract with Maldives Police Service for the design […]
India’s financial-crime agency has asked Walmart’s Flipkart and its founders to explain why they shouldn’t face a penalty of $1.35 billion for alleged violation of foreign investment laws, three sources and an agency official told […]
New Delhi (TIP): The Union Cabinet has cleared the Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill, 2021, which will allow depositors to withdraw up to Rs 5 lakh in 90 days. The announcement will […]
Washington (TIP): The International Monetary Fund (IMF) has maintained its 6% global growth forecast for 2021, upgrading its outlook for the US and other wealthy economies but cutting estimates for a number of developing countries […]
New Delhi (TIP): Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, accused four firms under his brothers Atul and Rahul of trying to “usurp” its legacy of 130 years and trying to mislead the public, […]
Washington (TIP): The US economic recovery remains on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday, July 28, in a new policy statement that remained upbeat and flagged ongoing talks […]
New Delhi (TIP): At $608.99 billion as on June 25, India has emerged as the fifth largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia, Minister of State for Finance […]
The International Monetary Fund’s No. 2 official on Tuesday, July 20, called on countries to pivot from saving their economies from collapse to reviving growth-oriented policy reforms to boost their recovery prospects and make them […]
2021 will probably go down in history as the year when Bitcoin started to enter the mainstream financial world with an increasing number of global financial institutions, large technology enterprises, and even a nation adopting […]
Asian Development Bank (ADB) has downgraded India’s economic growth forecast for the current financial year to 10% on Tuesday, from 11% projected earlier this year, mainly on account of the adverse impact of the coronavirus […]
The capital markets regulator and the anti-smuggling investigator, Directorate of Revenue Intelligence (DRI), are probing some Adani Group companies, the finance ministry told lawmakers in Parliament. Adani Group said it had made full disclosure to […]
New Delhi (TIP): Retail investors snapped up shares of Zomato Ltd on the first day of its much-awaited initial public offering, maintaining their enthusiasm for the primary market manifest in every IPO of the year. […]
New Delhi (TIP): Passenger car makers increased wholesale dispatches in June from May after states eased mobility restrictions. However, industry experts are worried over how the sharp rise in fuel and steel prices, semiconductor shortage […]
WASHINGTON (TIP): The four largest US consumer banks posted blockbuster second-quarter results this week, after pandemic loan losses failed to materialize and the US economy began roaring back to life. Wells Fargo & Co, Bank […]
PARIS (TIP): France’s antitrust watchdog slapped a 500 million euro ($593 million) fine on Alphabet’s Google on Tuesday, July 13, for failing to comply with the regulator’s orders on how to conduct talks with the […]
S&P Global Ratings has kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ for the 14th year in a row, and said the government’s ability to execute additional economic reforms that spur […]
The RBI on Wednesday, July 14, barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from July 22. The action will not impact existing customers of Mastercard, the RBI said. Taking […]
Alphabet Inc.’s Google was sued by three dozen states alleging that the company illegally abused its power over the sale and distribution of apps through the Google Play store on mobile devices. State attorneys general […]
Luxury carmaker Jaguar Land Rover Automotive Plc issued a profit warning on Tuesday citing the impact of semiconductor chip shortage on vehicle production, sending shares of its parent Tata Motors Ltd as low as 10%. […]
Didi Global Inc. plunged in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad. China’s State Council issued a sweeping warning […]
Food delivery platform Zomato has received SEBI’s nod to raise Rs 8,250 crore through an IPO. The IPO comprises fresh issue of equity shares worth Rs 7,500 crore and an offer-for-sale to the tune of […]
Saudi Arabia’s energy minister pushed back against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC+ deal and called for “compromise and rationality” to secure agreement when the group reconvenes. It […]
Fitch Ratings on Wednesday, July 7, cut India’s growth forecast to 10% for the current fiscal, from 12.8% estimated earlier, due to slowing recovery post second wave of Covid, and said rapid vaccination could support […]
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