India has paid over ₹400 crore in the last four years as commitment charges to the Asian Development Bank, Japan, Germany and the International Bank for Reconstruction and Development (IBRD) for unutilised external loans taken […]
NEW DELHI (TIP): Sundar Pichai, global chief executive at Goggle, the giant search engine, believes India will become a bigger market for the company than the US sometime in the middle of 2016. In an […]
MUMBAI (TIP): Mahindra & Mahindra and Tech Mahindra agreed to buy Italian car designer Pininfarina SpA in a deal worth about euro 168 million ($185 million), underscoring the Indian vehicle maker’s international ambitions. M&M, together […]
BENGALURU (TIP): Infosys Ltd has bought a minority stake in Delaware, US-based start-up Whoop, which makes activity trackers, for $3 million, the software services firm said on Monday. The deal, which marks the Indian company’s […]
MUMBAI (TIP): Temasek Holding is set to acquire majority shares in Hyderabad-based Care Hospitals, the country’s fifth largest private healthcare network, for around Rs 1,800 crore in what is possibly the largest M&A deal in […]
The Heart of Asia Conference (HOAC) in Islamabad last week was bookended by two devastating attacks in Kandahar and Kabul. As Afghan President Ashraf Ghani was being honoured with a 21-gun salute in Islamabad, the […]
WASHINGTON (TIP): The US Federal Reserve raised, December 17, interest rates by 0.25 percentage points – its first increase since 2006. For almost a decade money has been cheap – some would argue too cheap. […]
NEW YORK: Baljeet Singh, Twitter’s product lead in charge of video, will quit the company early next month, a media report said quoting a Twitter spokesperson. Mr Singh, who works as a senior product director, […]
TIP NEWSWIRE: The names of at least six individuals with an Indian connection figure in the list of unclaimed bank accounts made public by Switzerland on Wednesday. Besides names and addresses, one entry also lists […]
NEW DELHI (TIP): A day after chief minister Arvind Kejriwal batted for carpooling as a solution to deal with the odd-even car number scheme, sources close to Uber said the cab aggregator is testing a new ride-sharing service in […]
Two months after putting together a draft framework for rules on external commercial borrowings (ECBs), the Reserve Bank of India has issued a document overhauling the existing regulations. The ramifications of the changes are slowly […]
NEW DELHI (TIP): Maruti Suzuki India Ltd, the nation’s biggest carmaker by sales, plans to raise prices of its cars by up to 20,000 rupees ($300), starting January 1, to offset cost increases and unfavourable foreign exchange rates, a company spokesman said on […]
NEW DELHI (TIP): At the World Trade Organisation (WTO) headquarters in Geneva, there have been voices— largely from the US — suggesting that a new category of countries be created apart from the three main […]
WASHINGTON (TIP): Fiat Chrysler to pay $70 million auto safety fineINGTON: Fiat Chrysler Automobiles NV has agreed to pay $70 million in fines to resolve a US investigation that it failed to disclose vehicle crash […]
NEW DELHI (TIP): The bullet train accident in China four years ago along with low-cost finance and a promise to have a substantial ‘Make in India’ component and transfer of technology clinched the deal for […]
New Delhi: Alibaba Group’s wholesale trading platform Alibaba.com said on Monday, December 7, that India is one of its fastest-growing markets with about 4.5 million registered users. The Chinese e-commerce giant is taking the Indian market […]
MUMBAI: Flipkart posted a loss of about Rs 2,000 crore in the year ended March 2015, amounting to a fifth of its rapidly rising sales, as the country’s largest online retailer spent heavily to fund […]
MALANG (INDONESIA) (TIP): Top seeds P V Sindhu and K Srikanth notched up contrasting victories to advance to the third round of the $120,000 Indonesia Masters Grand Prix Gold tournament on December 4. Sindhu, who […]
The Govt. of India, Ministry of Housing and Poverty alleviation with the aim to create affordable housing stock encouraged private players to enter this segment as PPP Model (Public Private Partnership) recognizing that mere efforts […]
MUMBAI (TIP): Emerging markets guru Mark Mobius said India could overtake China in the Templeton Emerging Markets group’s equity investments over the next five years, given the strong growth prospects of Asia’s third-largest economy and […]
LONDON (TIP): Weak inflation data spurred hopes the European Central Bank could deliver more stimulus this week, though European bourses traded in a tight range on December 2, Frankfurt and Paris ceding spartan ground while […]
MUMBAI (TIP): The Reserve Bank of India (RBI) left policy rates unchanged at its final monetary policy review for 2015, even as it confirmed that an economic recovery was on, and appears “sustainable”. The central […]
BERLIN (TIP): Volkswagen says it will take less than an hour to bring 1.6 and 2.0 liter turbodiesel engines in Europe into line with emissions rules. The German automaker has pledged to fix 11 million […]
BENGALURU (TIP): In a major boost to the Indian SMEs that are a part of the Amazon Global Selling programme, 1,00,000 goods from India have been shipped to the US in preparation of the forthcoming […]
LONDON (TIP): Britain announced a fresh round of deep cuts to public spending Wednesday, but dropped a plan to reduce welfare payments for the poorest and spared the police from savings after the Paris attacks. […]
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