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 […]
Oil prices were lower on Thursday , April 15, though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major […]
Oil clung to losses with concerns over the economic recovery casting a cloud over the return to normal demand. WTI crude fell as much as 1.6% even as US jobless claims unexpectedly rose for a […]
Chinese regulators have hit top e-commerce giant Alibaba with a record 18.23 billion yuan ($2.78 billion) fine for violating anti-monopoly laws, it was announced on Saturday, April 10. The fine, the largest anti-monopoly fine ever […]
Washington (TIP): India is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and […]
Gold imports by India surged in March to the highest monthly total in nearly two years as a slump in prices stoked demand for jewelry during the ongoing wedding season. Overseas purchases increased more than […]
The Federal Aviation Administration (FAA) said on Wednesday it had approved the design for the Boeing 737-8200, part of the Boeing 737 MAX series, a necessary step before the U.S. planemaker can begin delivering the […]
New Delhi (TIP): India’s inflation is at “uncomfortably high” level, which is an exception among Asian economies, Moody’s Analytics said on Tuesday. Higher fuel prices will keep upward pressure on retail inflation and keep the […]
Xiaomi claims that it has managed to sell Redmi Note 10 series smartphones worth Rs 500 crore, within first two weeks of sale across all platforms. The Redmi Note 10 line-up was launched month in […]
Washington (TIP): India ranked 40 among 53 global economies on the latest annual edition of the International Intellectual Property (IP) Index released on Tuesday, March 23. Released annually by the US Chamber of Commerce Global […]
Oil prices skidded around 2% as fuel demand concerns re-emerged alongside fresh coronavirus pandemic lockdowns, trimming overnight gains spurred by the grounding of a giant container ship blocking crude shipments through the Suez Canal. Brent […]
India’s economy is on the path of gradual recovery, the International Monetary Fund has said ahead of its next month’s spring meeting with the World Bank. “India’s economy is on the path of gradual recovery, […]
Seeking to boost listing of startups, markets watchdog SEBI on Thursday decided a slew of relaxations to norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to eligible investors. The changes have […]
US and European retail brands in China are suddenly facing a dilemma: Embrace cotton from Xinjiang and come under attack in the West, or reject it and risk a boycott in the world’s second-biggest economy. […]
NEW DELHI (TIP): A dozen global banks are to bankroll Adani Green Energy Ltd’s under-construction renewable power projects with a $1.35 billion revolving credit line, the company said on Friday, March 19. The finance facility […]
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