Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online. The Swedish automaker said on Tuesday that it is phasing out the production of […]
Bitcoin is at a “tipping point” and could in the future become the preferred currency for international trade or face a “speculative implosion,” Citi analysts said. With the recent embrace by the likes of Tesla […]
Netflix Inc. plans to spend $500 million on original movies and TV shows in South Korea this year, boosting investment in content that’s been key to the streaming giant’s success in one of its fastest-growing […]
China’s Geely Automobile Holdings Ltd. and its Swedish affiliate Volvo Cars are putting off earlier plans to merge, wagering they will be more agile as standalone entities. The manufacturers will preserve their separate corporate structures […]
New Delhi (TIP): While the job market still looks bleak in India after a pandemic-hit 2020, the world’s professional network LinkedIn said on Wednesday it has seen a 10 per cent growth in members with […]
Continuing with the government’s push for large-scale privatisation of public sector undertakings, Prime Minister Narendra Modi today said the step was in tune with “the mantra of monetise and modernise.” “The government has no business […]
New Delhi (TIP): The government will push the agenda of simplifying the Goods and Services Tax (GST) regime by rationalising tax rate and lower the number of tax slabs in the upcoming meeting in mid-March, […]
Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles. They filed papers Thursday to raise as much […]
Bitcoin surged to yet another record high on Wednesday, February 17, a day after the virtual currency vaulted to the $50,000 hurdle, even as analysts warned against the sustainability of such prices amid elevated volatility. […]
WASHINGTON (TIP): The IRS announced, Feb 18, that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to […]
Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the promise of endless free money after a benign reading on US inflation and a dovish […]
New Delhi (TIP): Automakers dispatched more passenger vehicles to dealers for the sixth straight month in January, filling up retail channels after the robust retail sales seen in the October-December period. Factory dispatches during the […]
A company catering to women and led by women has made its 31-year-old female founder a billionaire. Bumble Inc., the owner of the dating app where women make the first move, sold shares in its […]
E-commerce major Amazon has moved the Supreme Court in a bid to block Future group’s Rs 24,713-crore deal with Reliance, according to sources. The development comes after a recent Delhi High Court’s ruling that stayed […]
Mumbai (TIP): Equity benchmarks Sensex and Nifty advanced their record-setting spree in early trade on Friday, Feb 5, ahead of the RBI monetary policy outcome. The 30-share BSE Sensex briefly touched the 51,000-level, and was […]
Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to […]
Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion, beating out at least two rival companies that held talks with the startup. The deal is Uber’s […]
NEW YORK (TIP): Baiju Bhatt, the Indian American cofounder of the trading unicorn Robinhood, has become the latest Indian American billionaire thanks to the stunning growth of the financial services company in the past year. […]
Since Independence, India has achieved tremendous progress in raising growth, income levels and standards of living. India’s development journey over the years has been marked by significant milestones and reforms that enabled it to achieve […]
Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as the pandemic demand slump hit its […]
The Enforcement Directorate (ED) has initiated a probe against e-commerce giant Amazon for alleged violation of the foreign exchange law and rules of the country, official sources said on Thursday, January 28. The probe is […]
New Delhi (TIP): With an aim to incentivise the new optional income tax regime introduced in the last Budget, the government proposes to tweak the list of eligible rebates and exemptions to allow some more […]
Billionaire Mukesh Ambani’s four-year-old telecom venture Reliance Jio has been ranked the fifth strongest brand globally behind the likes of Ferrari and Coca-Cola. The Brand Finance’s Global 500 ranking of the strongest brands globally, which […]
New Delhi (TIP): Access to the “bare necessities” of electricity, water, sanitation and housing (bijli, paani & makan) has improved for citizens across all states in 2018 as compared to 2012, according to the Economic […]
New Delhi (TIP): India’s real gross domestic product (GDP) is expected to grow by 11 percent in FY22, making it one of the world’s fastest growing economies in the aftermath of the COVID-19 pandemic, said […]
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