NEW YORK (TIP): Walmart, the world’s largest retailer has announced that it is closing 269 stores, including 154 in the United States. The other big chunk is in its challenging Brazilian market. The stores being […]
NEW YORK (TIP): Energy companies were pummeled as the price of crude oil sank 7 percent hit new lows of less than$27 a barrel, threatening more damage to an industry that has already been stricken […]
WASHINGTON (TIP): The US-India Business Council (USIBC) has named Punit Renjen, CEO of Deloitte Touche Tohmatsu Limited (Deloitte Global),and Edward Monser, President of Emerson, as USIBC Vice Chairs to further build on US-India relationship. The […]
The next financial crisis is coming. It’s just a matter of time – and we haven’t finished fixing the flaws in the global system that were so brutally exposed by the last one. Massive monetary policy […]
NEW YORK (TIP): Indian American president and chief executive officer of MasterCard Ajay Banga has been named the chairman of the board of directors for 2016 by the Financial Services Roundtable. The Financial Services Roundtable […]
NEW YORK (TIP): The Royal Bank of Scotland reportedly has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil […]
Goldman Sachs says it has reached a deal with US authorities over charges that it used fraudulent marketing material to sell mortgage bonds before the financial crisis. The bank agreed to pay $5.1bn in civil […]
The government is set to reduce interest rates on small savings products such as public provident fund and National Savings Certificate over the next few days – a move that will impact returns on your […]
An Indian-origin family owned steel firm, Liberty House, is said to be a new potential buyer of two of Tata Steel’s Scottish plants, on the verge of closure due to the crisis in the industry. […]
BEIJING: China’s stock market lurched lower again on Monday, triggering “circuit breakers” that halted trading. The slump was the latest episode in months of turmoil for Chinese investors. China’s market benchmark soared 150 per cent between November […]
MUMBAI (TIP): For the fourth day on the trot, turbulences in the Chinese market sent global investors, including those on Dalal Street, scurry for cover. On Thursday morning as the CSI 300 index in Shanghai […]
NEW DELHI (TIP): In a bid to promote usage of hybrid vehicles to curb pollution, the government is likely to dole out Rs 500- 700 crore package for electric vehicles in the upcoming budget. According […]
Time has stopped for HMT Watches, finally. The brand, which is claimed to be a pioneer in horological industry in India since 1961, and its products for decades are known for its accurate time keeping and […]
The Union Cabinet chaired by Prime Minister Narendra Modi on January 5 gave its nod for the Stand Up India scheme that is aimed at promoting entrepreneurship among women and scheduled castes and tribes. Loans under […]
In intense 25-hour gunbattle between security forces and terrorists out side the Indian consulate in Mazar-i-Sharif came to end late on Monday, Jan 4, night with the killing of all the attackers without any damage […]
Indian American Padmasree Warrior, one of Silicon Valley’s high-profile women executives, has been appointed as the U.S. based chief executive officer of a Chinese firm ‘NextEV’ which is building an electric car to compete with American […]
MOSCOW (TIP): Russia’s decision to open up its oil and gas sector to Indian companies will significantly boost bilateral trade and the two sides are negotiating on some more acquisitions and projects in the hydrocarbons […]
SHANGHAI (TIP): Alibaba Group Holding Ltd has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday. The report, citing unidentified sources, said Alibaba will obtain a 27.7% stake in […]
NEW YORK (TIP): Just over a week after Samsung paid Apple more than $548 million for infringing the patents and designs of the iPhone, Apple has asked a U.S. court to force its biggest smartphone […]
NEW DELHI (TIP): On December 27 evening, on the eve of founder Dhirubhai Ambani’s 83rd birthday and amid a lot of star-studded attraction, Mukesh Ambani launched Reliance Jio, the group’s 4G telecom service, for over […]
BAI: In the aftermath of the Maggi crisis, Nestle India is aggressively trying to increase the consumption of its flagship instant noodles brand eying double digit growth, a top company executive said. It is also […]
NEW YORK (TIP): As a prelude to “Indiasoft 2016” the Consulate General of India in association with the Electronics and Software Export Promotion Council (ESC), New Delhi, organized curtain raiser discussion and presentation on Indiasoft […]
A glut of oil, the demise of OPEC and weakening global demand combined to make 2015 the year of crashing oil prices. The cost of crude fell to levels not seen for 11 years – […]
Shah Noor, a recent transplant to California from Maryland, was driving through a nearby community one evening with his wife and stopped at a 7-Eleven to get some milk. A police car pulled up with […]
New Delhi: Seeking to boost entrepreneurship at the grassroots level, the Action Plan of the ‘Start-up India, Stand-up India’ will be unveiled on January 16 said Prime Minister Narendra Modi through his last radio address for 2015. He […]
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