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 […]
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 […]
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