First set of data in 2019 ? Switzerland has been long perceived as one of the safest havens for the illicit wealth allegedly stashed abroad by Indians ? The exchange of information will be carried out based on the Multilateral Competent Authority Agreement on the Automatic […]
HIGHLIGHTS ? Aadhaar card has been made mandatory for opening bank accounts and conducting financial transactions of Rs 50,000 and above. ? Those with existing accounts will also have to submit their unique identification number by the end of December. ? Not […]
BCB Bancorp, Inc. to Acquire IA Bancorp, Inc. The merger is expected to close in the fourth quarter of 2017 EDISON, NJ (TIP): BCB Bancorp, Inc., based in Bayonne, the holding company for BCB Community Bank, has announced it has entered into a definitive […]
NEW DELHI (TIP): Telecom operator Bharti Airtel today said it has received the approval of the SEBI, BSE and NSE for the proposed scheme of merger between Airtel and Telenor (India) Communications Private Limited. The Sunil Bharti Mittal-owned company in February had […]
MELBOURNE (TIP): Indian conglomerate Adani Group today agreed to pay royalties on coal produced from its $16.5 billion Carmichael coal project in Australia after it struck an agreement with the Queensland government to help the controversy-hit project move forward. […]
SEOUL (TIP): Oil prices dropped on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. Global benchmark Brent […]
NEW DELHI (TIP): Finance Minister Arun Jaitley has said demonetisation alone was not responsible for the fall in the GDP growth in the fourth quarter and said 7-8% growth in the current global context is “reasonable by Indian standards”. The Finance Minister blamed cumulative factors […]
NEW DELHI (TIP): Indian factory growth cooled in May as new orders expanded at a more modest pace, but manufacturers were able to raise prices slightly, according to a private survey. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, […]
VIENNA (TIP): OPEC decided on May 25 (Thursday) to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop […]
NEW DELHI (TIP): International credit ratings agency, Moody’s Investors Service today downgraded state-owned IDBI Bank’s rating citing asset quality concerns and extremely weak capitalisation. The rating actions reflect the significant deterioration in IDBI’s financial profile, driven by asset quality […]
ZOOMS 448 POINTS TO 30,750 ? The BSE benchmark trumped all closing records by hitting 30,750 with a jump of 448 points — its biggest single-day gain in over two months ? Today’s rally was the biggest since March 14 when it surged […]
NEW STRATEGY ? Infosys is the largest employer of workers under the US H1-B visa programme for skilled workers . ? H1-B visa programme has been under fire as the Trump Administration moves to tighten a range […]
HONG KONG (TIP): Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth of health food and nutritional products businesses to the company, further developing it into Alibaba’s healthcare flagship […]
LONDON (TIP): Gold eased on Thursday as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year, though uncertainty over the outlook for the Trump presidency underpinned the metal near two-week […]
PAYMENT INFO SAFE The stolen information contains user email addresses and ‘hashed’ passwords ? No payment information or credit card data has been stolen or leaked, Zomato said in a blogpost on its website ? The company has reset passwords for all affected users […]
GM to stop selling products, focus on exports NEW DELHI (TIP): American auto major General Motors today decided to stop selling its vehicles in India as there was no turnaround in its fortunes here after struggling for over […]
TO INTRODUCE NEW FINANCIAL PRODUCTS ? The funding will help Paytm expand its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers ? SoftBank has committed investments […]
NEW DELHI (TIP): If you have Rs 65,000 to splurge on a smartphone, which one will you buy: Apple or Samsung? What if you can get a military-grade, rugged smartphone with thermal imaging that can help you see […]
Infosys to layoff employees for ‘non-performance’ BENGALURU (TIP): Infosys is likely to “fire” an unspecified number of its employees for “non-performance”, over a week after announcing on May […]
I-T Dept launches new facility to link PAN with Aadhaar NEW DELHI (TIP): The Income Tax Department has launched a new e-facility to allow a taxpayer link in “easy” steps one’s Aadhaar and Permanent Account Number (PAN), a mandatory […]
APPLE MAY DROP IPHONE SE PRICE, SELL IPHONE 5S FOR JUST RS 15,000: REPORT You may soon be able to buy the iPhone 5S for as less as Rs 15,000 courtesy a planned price drop by Apple to boost […]
SNAPCHAT’S GROWTH STALLS IN FACEBOOK’S SHADOW IN 1Q REPORT Facebook has been bent on copying Snapchat ever since the social media giant tried unsuccessfully in 2013 to buy what was then an ephemeral photo-messaging app. Now, the company behind Snapchat is hoping […]
LONDON (TIP): Britain’s multi-trillion pound system for shuffling payments and cheques will be streamlined under plans announced on Thursday to help newcomers compete more easily with long established banks and improve services to customers. Britain […]
NEW DELHI (TIP): An integrated policy is on the anvil to ramp up infrastructure at a time when India’s revenue receipts are set to touch the Rs 30 lakh-crore mark in the next two years, […]
NEW DELHI (TIP): The Ministry of Electronics and IT has notified phased manufacturing programme to boost indigenous production of mobile phones by providing tax relief and other incentives on components and accessories used for the […]
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