RBI penalises Axis Bank, HDFC Bank for deficiencies in regulatory compliance
The RBI has imposed penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for certain deficiencies in statutory…
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India’s growth story intact; need for reforms in land, agri markets: RBI
Mumbai (TIP)- Reserve Bank Governor Shaktikanta Das on Thursday, September 5, said the Indian growth story remains intact with consumption…
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China creates $293 billion brokerage giant to take on Wall Street
BEIJING (TIP)- China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to…
Read MoreGovt eyes $1 billion exports of Indian spirits under ‘Make in India’ drive
With the global demand for Indian spirits growing at a healthy rate, the government is planning to promote both Indian…
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Apple eyes bigger slice of India’s streaming market with Airtel deal
Bengaluru (TIP)- Apple is tying up with India’s Airtel to offer the telecom firm’s premium customers its music and video…
Read MoreApple eyes bigger slice of India’s streaming market with Airtel deal
Bengaluru (TIP)- Apple is tying up with India’s Airtel to offer the telecom firm’s premium customers its music and video…
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CCI greenlights Rs 70,350-cr Reliance-Disney India merger
New Delhi (TIP)- India's competition watchdog has approved Reliance Industries Ltd's Rs 70,350-crore merger with Disney's Indian media assets, subject…
Read MoreUS second quarter growth stronger than estimated: Govt
The US economy expanded more than initially estimated in the second quarter this year, the Department of Commerce said Thursday,…
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Walmart tears up China online strategy with JD.com stake sale
New York (TIP)- Walmart's stake in Chinese e-commerce firm JD.com was once central to its China strategy. Now it is…
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Govt flags e-commerce risk to 100 million retailers
Unfettered growth of e-commerce in India may cause “huge social disruption”, impacting the livelihood of 100 million small retailers across…
Read More‘Complex, expensive’: Further tranches of sovereign gold bonds unlikely
Further tranches of sovereign gold bonds are unlikely, said sources to Business Today TV. SGBs are government securities denominated in…
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Starbucks replaces its CEO Laxman Narasimhan, names Chipotle chief to head the company
Newport Beach (TIP)- Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down…
Read MoreHindenburg allegations: Sebi chief gets backing of REIT, industry bodies
Industry bodies representing the Real estate investments trusts (REITs) and alternate capital on Monday came in support of embattled Sebi…
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Indexes rise as softer producer prices data boosts rate-cut bets
New York (TIP)- U.S. stocks hit a near two-week high on August 13 after softer producer prices data reinforced bets…
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Volatility likely to continue, US economy still on track for soft landing: UBS
The equity market has remained volatile, with both the S&P 500 and the tech-heavy Nasdaq index closing 1% higher on…
Read MoreIndia proposes preferential trade pact among BIMSTEC countries
Commerce and Industry Minister Piyush Goyal on August 7 suggested the seven member countries of the BIMSTEC bloc to relook…
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Repo rate unchanged; food inflation worries RBI
Mumbai (TIP)- As was widely expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on August…
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US Federal Reserve maintains rate at 5.25-5.5% for 8th consecutive term
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to…
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Digital economy to make up 1/5th of GDP by 2026: RBI
Mumbai (TIP)- India’s digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according…
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Economic Survey not binding, no rethink on FDI from China: Govt
Commerce and Industry Minister Piyush Goyal has said there is no rethinking in the government to support foreign direct investments…
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Foreign investors take out Rs 10,000 crore from Indian stock market after Budget
Mumbai (TIP)- Foreign portfolio investors (FPIs) have pulled out almost Rs 10,710 crore from the Indian stock market in three…
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US economy regains speed in second quarter; price pressures easing
Washington (TIP)- The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and…
Read MoreMusk to discuss $5 billion xAI investment with Tesla board
Tesla CEO Elon Musk said on Thursday, July 25, he will discuss a $5 billion investment in artificial intelligence startup…
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Byju’s goes under insolvency: What happens to employees?
Mumbai (TIP)- The parent company of troubled edtech giant Byju’s called Think and Learn Pvt Ltd was put into insolvency…
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US firms point to slowing activity and softer labor market, Fed survey shows
New York (TIP)- U.S. economic activity expanded at a slight to modest pace from late May through early July with…
Read MoreIMF upgrades India’s economic outlook
The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations…
Read MoreADB retains India’s growth forecast at 7%
The Asian Development Bank (ADB) has maintained India’s GDP growth forecast at 7 per cent for the current financial year,…
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Employment rate rises 6% provisionally in FY24 from 3.2% in FY23: RBI data
India’s employment rate grew by 6 per cent in the fiscal year ended March 31, 2024 from a growth of…
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S&P 500 tops 5,600 mark in longest rally this year
New York (TIP)- A rally in the world’s largest technology companies sent stocks to all-time highs, with Jerome Powell’s remarks…
Read MoreIndia’s budget may retain fiscal deficit target at 5.1%; job creation, social spending, capex to be key themes: Morgan Stanley
Mumbai (TIP)- US investment bank Morgan Stanley has said the Indian government is likely to retain fiscal deficit target at…
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