London moved back ahead of Amsterdam as Europe’s largest share trading center in June, reclaiming the top spot for the first time this year after Brexit pushed much of the city’s volumes to the continent. […]
The second wave of the pandemic took a “grievous toll” on India, but the dented economic activity has started recovering from late-May, RBI Governor Shaktikanta Das said on Thursday, July 1. In a first, Das […]
India companies’ foreign borrowings plunged by nearly 51 per cent to USD 738.45 million in May this year amid the second wave of COVID-19, according to the RBI data. Indian businesses had raised USD 1.49 […]
Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will […]
Japan’s SoftBank Group Corp has invested $200 million in Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America, said Roberto Dagnoni, executive chairman and chief executive officer of 2TM Group, the trading platform’s […]
New Delhi (TIP): S&P Global Ratings on Thursday, June 24, cut India’s growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from […]
New Delhi (TIP): About 40 percent of the money lost by banks in alleged frauds perpetrated by fugitive businessmen Nirav Modi, Mehul Choksi and Vijay Mallya has been recovered so far, the Enforcement Directorate (ED) […]
San Francisco (tip): Tech giant Microsoft reached a $2 trillion market capitalisation in trading, joining a small group of global companies that have crossed that threshold — including Apple. Apple reached its own $2 trillion […]
Washington (TIP): Two astronauts onboard the International Space Station (ISS) has successfully completed the deployment of solar arrays, which will soak up the sun’s energy to provide electrical power for the numerous research and science […]
Bitcoin fell below US$30,000 for the first time since January, briefly erasing gains for the year and adding to losses sparked a day earlier when China’s central bank deepened a crackdown on cryptocurrencies. The world’s […]
The Competition Commission of India (CCI) has ordered a detailed probe against Google for alleged anti-competitive practices in the smart television operating systems market in the country. After assessing a complaint, the watchdog has reached […]
Microsoft Corp on Wednesday, June 16, named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental […]
The announcement of the DOGE-1 mission — a collaboration between Elon Musk’s SpaceX and the futurist Geometric Energy Corporation (GEC) — was hailed as the start of the cryptocurrency space race. Dogecoin, the popular meme […]
A small gesture by star footballer Cristiano Ronaldo at a pre-match press conference — ahead of the Euro 2020 clash between Portugal and Hungary — has left a big dent in Coca-Cola’s market value. At […]
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by […]
Marking a major change in India’s favorite investment option, “mandatory” hallmarking of gold jewellery kicked off on June 17 in a “phased” manner from 256 districts of the country. However, watches, fountain pens and popular […]
BENGALURU (TIP): After El Salvador’s historic move to adopt Bitcoin as legal tender (rendering it full currency status), things are looking brighter back home in India for crypto-enthusiasts. Top sources tracking the industry told this […]
New Delhi (TIP): The labour market is in its worst condition since the nationwide lockdown months of April and May 2020, the Centre for Monitoring Indian Economy said in a report. As per CMIE data, […]
Tata Digital Ltd, a wholly-owned arm of Tata Sons, on Thursday said it will acquire a majority stake in 1MG Technologies Ltd, an online healthcare marketplace. The company, however, did not disclose the financial details […]
New Delhi (TIP): The World Bank has slashed its FY22 growth forecast for India to 8.3% from the 10.1% pace it estimated in April, as an economic rebound in the early part of this year […]
The government has decided to auction unmonetized oil and gas fields of state-run Oil and Natural Gas Corp. (ONGC) and Oil India Ltd (OIL) to raise hydrocarbon production and improve energy security. Speaking at the […]
Merchant payment and lending service provider BharatPe on Thursday, June 10, said it has acquired Payback India from American Express and ICICI Investments Strategic Fund. The company, however, did not disclose the financial details of […]
London (TIP): IDBI Bank has secured a $239-million judgment in the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group. IDBI had entered into loans totalling $148 million with two Singapore […]
Tesla CEO Elon Musk has once again raised concerns over the ongoing chip shortage crisis that has hit the carmakers around the world as an added challenge besides the Covid-19 pandemic. Musk, who recently blamed […]
Masayoshi Son-led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service (SaaS), B2B marketplaces, e-commerce, health-tech and ed-tech. The investments […]
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