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 […]
“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. […]
© The Indian Panorama