New Delhi (TIP): Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure […]
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy […]
Amazon is going Hollywood. The online shopping giant is buying MGM, the movie and TV studio behind James Bond, ‘Legally Blonde’ and ‘Shark Tank’, with the hopes of filling its video streaming service with more […]
Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said Wednesday that Amazon executive Andy Jassy will take […]
Iran’s President Hassan Rouhani on Wednesday announced a four-month ban on all cryptocurrency mining, a day after his energy minister apologised for unplanned power cuts in major cities. Iranian officials have regularly blamed unlicensed cryptocurrency […]
A Dominica court has put a stay on the repatriation of fugitive Mehul Choksi after Choksi’s legal team in Dominica filed a habeas corpus petition and highlighted that he was denied legal rights and was […]
The India Cost of Capital Survey 2021 concludes that in line with the falling interest rates, the cost of equity in India has declined since EY’s last cost of capital survey in 2017. The EY-NSE […]
Cascade Investment, the holding company created by Bill Gates, transferred stock in two of Mexico’s largest companies to Melinda French Gates, bringing the total amount she’s received in the past few days to more than […]
New Delhi (TIP): India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday, May 7. The government is targeting a […]
New Delhi (TIP): Non-residents undertaking transactions with Indian parties will trigger taxability under the domestic law in India even if they do not have physical presence in the country and operate digitised businesses. The Central […]
Beijing (TIP): China “indefinitely” suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for strained relations between the two countries. “Recently, some Australian Commonwealth Government […]
WASHINGTON (TIP): Sunder Pichai from Google, Punit Renjen from Deloitte and Shantanu Narayen from Adobe have joined the steering committee of the Global Task Force on Pandemic Response, which is overseeing an unprecedented corporate sector […]
Oil declined on Friday, April 30, but prices are still heading for a weekly gain as signs of strengthening demand from the US to China stoked optimism the recovery from the pandemic is accelerating. Futures […]
New Delhi (TIP): India’s severe medical oxygen supply crisis is expected to ease by mid-May, a top industry executive told Reuters, with output rising by 25 per cent and transport infrastructure ready to cope with […]
As states go into lockdowns and impose restrictions amid the second wave of Covid-19, the unemployment rate in April is likely to increase to nearly 8 per cent from 6.5 per cent in March, according […]
Temporary price jumps will not spook the Federal Reserve into pulling back on the stimulus it has pumped into the US economy during the Covid-19 pandemic, the central bank’s chair Jerome Powell said on Wednesday, […]
The world’s biggest owner of listed equities, Norway’s $1.3 trillion wealth fund, says financial firms have displaced tech stocks as the main drivers of returns. Norges Bank Investment Management, which owns about 1.5% of global […]
Washington (TIP): More than a year into the Covid-19 pandemic, millions of American remain jobless, but even as the economy reopens some employers are finding hiring an unexpected challenge. From fears of being infected with […]
Arguing for Bitcoin as a key driver of renewable energy’s future on Earth Day, Twitter CEO Jack Dorsey and Tesla CEO Elon Musk have come forward to support the fast-growing cryptocurrency, saying that Bitcoin incentivises […]
S&P Global Ratings on Thursday, April 22, said the Indian economy is projected to grow at 11% in the current fiscal, but flagged the “substantial” impact of broader lockdowns on the economy. In its report […]
The Reserve Bank of India (RBI) on Thursday, April 22, relaxed the dividend payout norms of commercial banks and allowed them to pay up to 50 per cent of what they paid before Covid from […]
Asian stock markets followed Wall Street higher on Wednesday after US inflation ticked up and Japanese machinery orders fell. Shanghai, Hong Kong, Seoul and Sydney rose. Tokyo was off less than 0.5%. Wall Street’s benchmark […]
Bitcoin advanced Wednesday, breaching the $64,000 level for the first time after eclipsing its most recent record in March a day earlier as the mood in cryptocurrencies turned bullish ahead of Coinbase Global Inc.’s listing […]
With all major tax heads yielding revenues significantly higher than the respective revised estimates (RE) shown in the Budget, the Centre has appropriated an additional Rs 78,000 crore as net (post-devolution) tax revenue in FY21. […]
Billionaire Elon Musk’s SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket company said in an amended regulatory filing on Wednesday, April 14. The filing comes after […]
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