Oil prices fell on Friday, extending losses for a sixth day as a new wave of COVID-19 infections wash across Europe, spurring new lockdowns and dampening hopes for a recovery in demand for fuels anytime […]
New Delhi (TIP): The Delhi High Court on Thursday, March 18, upheld the Singapore’s Emergency Arbitrator’s (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713-crore deal with Reliance Retail to […]
Rajya Sabha on Thursday, March 18, passed the Insurance (Amendment) Bill, 2021 that seeks to raise the FDI in insurance sector to 74 per cent from the current 49 per cent, despite opposition push to […]
Elon Musk just hit a new milestone: He made a record $25 billion in one day. Tesla Inc.’s 20% jump on Tuesday, March 9 — its biggest in more than a year — pushed the […]
PUBG Mobile developer Krafton has invested $22.4 million in the homegrown esports company Nodwin Gaming. According to TechCrunch, the aim is to “maintain some presence in what was once its key overseas market” after the […]
The UK government said it will delay imposing post-Brexit checks on imports coming from the European Union in a bid to avert disruption to supplies this summer. The UK won’t require firms to file customs […]
Boeing Co is close to a multibillion-dollar deal to sell dozens of its 737 MAX 7 jets to Southwest Airlines Co, in potentially the company’s largest 737 MAX order since the aircraft’s safety ban was […]
The Biden administration has informed some suppliers to China’s Huawei Technologies Co. of tighter conditions on previously approved export licenses, prohibiting items for use in or with 5G devices, according to people familiar with the […]
New Delhi (TIP): India is ready to offer incentives to ensure Tesla Inc’s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian […]
Mumbai (TIP): Forty Indians entered the billionaires’ club in the pandemic-stricken 2020 to take the number of those in the coveted list to 177 people, a report said. Mukesh Ambani continued to be the wealthiest […]
Walt Disney Co. plans to close more than 60 of its North American Disney stores, eliminating roughly 20% of its global footprint, as it focuses more on e-commerce. The company has about 300 Disney stores […]
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 […]
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