MUMBAI (TIP): The government has decided to monitor the utilisation and management of capital expenditure by public sector units (PSUs) on a monthly basis. Besides, it is also keeping an eye on the investments of […]
BEIJING (TIP): China’s manufacturing activity expanded in March for the first time in nine months, official data showed on Friday. The official Purchasing Managers’ Index (PMI), which tracks activity in factories and workshops, rebounded to […]
CANBERRA (TIP): Pegging India’s GDP growth rate at 7.6 per cent for the fiscal 2015-16, finance minister Arun Jaitley today said it is “much less” than its potential and expressed hope for better numbers next […]
MUMBAI (TIP): The Reserve Bank on Wednesday relaxed overseas borrowings norms to help companies raise funds for infrastructure projects in the country. The central bank said it has reviewed the extant external commercial borrowing (ECB) […]
NEW DELHI (TIP): Beleaguered industrialist Vijay Mallya announced he will retire as chairman of Sanofi India and will not seek reelection as a director of the drug maker. Mallya, who has been the chairman of […]
MUMBAI (TIP): As banks close their books for the financial year, they are talking tough with stressed steelmakers and making clear their intent to classify them as defaulters. Banks have also asked the government to […]
The Supreme Court on Tuesday, March 29, allowed market regulator SEBI to go ahead with the sale of Sahara properties whose unencumbered title deeds are in its possession. The step is being taken to recover […]
The City of New York today announced that based on an analysis of seasonally adjusted job numbers for February 2016 provided by the New York State Department of Labor, New York City added 4,500 jobs […]
With the state budget due next week, the last remaining sticking point in negotiations is an increase in the state’s minimum wage. While Governor Cuomo has been pushing for $15 an hour, a compromise is […]
HOUSTON: Two Indian-American computer science students in the US have created an education app that helps college students connect with tutors in the locality. Described as “The Uber for Tutors”, the “Scholarly” app available as a […]
MUMBAI (TIP): “Something is indeed seriously wrong,” Director of Central Bureau of Investigation (CBI) Anil Sinha said, as he underlined the increase in non-performing assets (NPAs) of banks from Rs 44,957 crore in 2009 to […]
WASHINGTON (TIP): Independent investor Sunil Sabharwal has become the first Indian-American to occupy a key administration post at the IMF, three weeks after he was confirmed by the Senate. Sabharwal, who was confirmed by the […]
NEW DELHI (TIP): Liquor baron Vijay Mallya, who is facing legal proceedings for allegedly defaulting loans of over Rs 9,000 crores from various banks, had left the country a week back, government informed the Supreme […]
MUMBAI (TIP): Three global automobile powerhouses either have started operating their India factories round the clock or are in the process of doing so to meet increasing export demand, in a resounding endorsement of the […]
SHANGHAI (TIP): Moody’s downgraded its outlook on Chinese government debt to “negative” from “stable” on March 2, citing uncertainty over authorities’ capacity to implement economic reforms, rising government debt and falling reserves. “Without credible and efficient […]
BRUSSELS (TIP): An EU court on Wednesday threw out an attempt by US drinks giant Coca-Cola to get trade mark status for a new design of its iconic fluted bottle throughout the 28-nation bloc. Invented […]
MUMBAI (TIP): Top state-run lender SBI on Wednesday sought to arrest Vijay Mallya, and also impound his passport, as the bank approached the Debt Recovery Tribunal seeking action against the UB Group promoter for defaulting […]
LONDON (TIP): UK is turning to India in an attempt to fill thousands of vacancies for doctors and nurses in its state-funded National Health Service, it emerged today, but “unwise regulations” and changing visa regime […]
NEW DELHI (TIP): The US health regulator has refused entry of 11,664 Indian products, including drugs, into the American market between January 2011 and February 2016, Parliament was informed on Wednesday. “According to refusal report […]
NEW DELHI (TIP): Finance minister Arun Jaitley unveiled what appeared to be a pro-poor budget on February 29, announcing higher spending in the rural economy to fire demand. But the minister also promised to pursue […]
Rs 1,000 crore allocated for new EPF (Employees’ Provident Fund) scheme Rs 38,500 cr allocated for MNREGA in 2016-17, the highest ever if entire amount is spent Rs 2.87 lakh crore will be given as grants-in-aid […]
NEW DELHI (TIP): Finance minister Arun Jaitley’s budget speech focused on the social sector more than before, but it failed to reflect amply in fund allocation to key ministries such as education, health, poverty alleviation […]
NEW DELHI (TIP): Finance Minister Arun Jaitley announced a host of changes in the tax structure in the Budget for 2016- 17 that made cars, cigarettes and air travel expensive, while footwear, solar lamps and […]
NEW DELHI (TIP): Farmers can continue to get cheap farm loans with finance minister Arun Jaitley raising the target for loan disbursal to them to Rs 9 lakh crore. Special focus has been given to […]
OSLO (TIP): For most people, becoming a billionaire is a dream that will never come to fruition before they die. That knowledge makes Alexandra Andresen’s entry onto the Forbes billionaires list all the more hard […]
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