BERLIN (TIP): Volkswagen is looking into whether earlier versions of its latest diesel engine model contained software capable of rigging emissions tests, it said on Thursday, potentially widening a scandal that has rocked Europe’s biggest […]
NEW DELHI (TIP): After months of debate, the finance ministry and the Reserve Bank of India seem to be converging on the proposed monetary policy committee (MPC), which will have equal representation from both sides, […]
The slowdown in China’s economy, the world’s second largest, is sucking the growth out of North Asia and tilting some economies towards recession. As China undergoes a painful rebalancing of an economy that accounts for 16 […]
MUMBAI (TIP): There is a new twist to the issue of rising bad loans in the banking sector. Under the new global accounting norms that banks have to adopt from April 1, 2018, the gross level […]
BEIJING (TIP): Communist China has overtaken capitalist United States in the richie rich list with 596 billionaires to America’s 537. The stunning jump has taken place in the last one year — spurred by the […]
Mumbai – The International Monetary Fund (IMF) should play an active role in questioning the easy monetary policies, or so called quantitative easing measures, adopted by the developed economies rather than sitting on the sidelines, […]
As many as 293 patients of an Indian-American cardiologist around a small town in Indiana have filed lawsuits against him and two other doctors in his practice claiming that they performed needless procedures. The Indiana […]
NEW DELHI (TIP): German Luxury car maker Mercedes-Benz launched in India SUV GLE that will be produced locally with starting price of Rs 58.90 lakh (ex showroom Delhi) to enhance its position in the market […]
NEW DELHI (TIP): Vodafone Group CEO Vittorio Colao on Wednesday said he is seeing the emergence of a “new India”, with several changes at the macro level. He also announced that the Indian arm of […]
HAMBURG (TIP): German automotive watchdog KBA will force Volkswagen to recall 2.4 million vehicles in the country after Europe’s biggest carmaker admitted to cheating on emissions tests for diesel vehicles. “We are ordering the recall,” […]
MELBOURNE (TIP): Indian mining giant Adani’s plan to build one of the world’s largest coal mines got a new lease of life on Thursday after the Australian government gave its re-approval to the 16.5 billion […]
MUMBAI (TIP): Financial services major Reliance Capital on October 15 announced a major ESOP scheme under which select employees across all major operating businesses would be granted stock options with a notional value of Rs […]
Apple faces a hefty legal bill after a jury found it guilty of using technology owned by a US university without permission. The licensing arm of the University of Wisconsin claims Apple’s A7 chip infringes on […]
MUNICH (TIP): German automaker Audi AG sold 170,900 cars in September, a year-on-year increase of 6.8 percent, marking the company’s best September sales figures ever, the firm said. A total of around 1,347,950 Audi cars […]
MUMBAI (TIP): Axis Bank has become the first lender to offer corporates a mobile-based solution that fully integrates with the company’s own back-end computer networks. This offering, aimed at beefing up the bank’s transaction banking […]
WASHINGTON (TIP): Volkswagen’s US chief revealed he knew more than a year ago that the group’s cars possibly breached pollution rules, as he prepared to apologize Thursday before Congress over the massive scandal. In testimony […]
In a report dated 6 October 2015 Moody’s says “more than 60% of all (terrorist) incidents in 2013 were concentrated in just four countries. Iraq (24% of terrorist incidents, Pakistan 19%, Afghanistan 12% and India […]
London: An Indian woman employee at the London office of IT major Wipro has filed a suit agains the company seeking over a million pounds as compensation for alleged sexual discrimination, unequal pay and unfair […]
New Delhi, 6th October, 2015: Hero Cycles, world’s largest bicycle manufacturer, witnessed the highest monthly sales by any cycle company in India after managing to sell 5.39 lakh cycles in September. The jump in sales saw the […]
Edelweiss Alternative Asset Advisors Ltd, part of diversified financial services firm Edelweiss Group, is raising up to $1 billion for its first residential real estate fund, a top executive said. Also, Edelweiss Financial Services is […]
NEW DELHI (TIP): Global growth will be likely weaker this year than last with only a modest acceleration expected in 2016, International Monetary Fund chief Christine Lagarde said on Wednesday, and reiterated that India remains […]
Massive levels of pollution are being emitted by diesel vehicles built by a wide range of carmakers, according to tests carried out by one of the world’s biggest independent motoring organizations. The findings are a further […]
NEW DELHI (TIP): Maruti Suzuki India, country’s largest carmaker, on Thursday reported 3.7 per cent rise in total sales in September at 1,13,759 units as against 1,09,742 units sold in the same month last year. […]
NEW DELHI (TIP): Ethnic groups’ protests have erupted in Nepal after the Himalayan nation adopted its first democratic constitution in Sep, 2015. Nepal saw an end to a decade-long Maoist insurgency in 2006 and abolished […]
In a surprise move Reserve Bank Governor Raghuram Rajan on Tuesday, Sep 29 announced to cut repo rate by 50 basis points to 6.75 per cent. The governor said many conditions laid down by the RBI […]
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