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 […]
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 […]
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