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 […]
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 […]
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