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Category: Business & Economics

31 December, 2023

Oil prices rise amid fears over escalating tensions in Middle East

Tokyo (TIP) - Oil prices rose in early Asian trade on Thursday, December 28, as persistent fears over escalating tensions…

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31 December, 2023

Microsoft to pay ex-CEO Steve Ballmer $1 billion a year ‘for doing nothing’

Already among the world's richest people, ex-Microsoft CEO Steve Ballmer is now set to receive nearly $1 billion (approx. ?8300…

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31 December, 2023

Global PC industry sales to drop to $219.2 bn in 2024, third year of decline

Facing a third year of decline, the global PC industry outlook for 2024 does not look optimistic and its revenue…

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23 December, 2023

Patent dispute: Apple to halt sales of its newest watches in US

If two of the latest Apple Watches are on your holiday shopping list, don’t dawdle for much longer because the…

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23 December, 2023

UK inflation falls by more than anticipated to 2-year low of 3.9% in Nov

London (TIP)- Inflation in the UK as measured by the consumer prices index eased back to its lowest level in…

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23 December, 2023

Google is paying $700 million to settle antitrust charges over Play Store

Google has agreed to pay $700 million and offered several other concessions to nearly 102 million customers in the US…

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23 December, 2023

RBI introduces card tokenisation facility at bank level

The RBI has introduced a Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience…

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23 December, 2023

US business activity picks up in December: S&P Global survey

U.S. business activity picked up in December amid rising orders and demand for workers, which could further help to allay…

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16 December, 2023

US Fed holds key interest rate steady, signals 3 cuts in 2024

Washington (TIP)- The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that…

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16 December, 2023

Apple’s valuation may soon be more than Europe’s largest stock market

Technology giant Apple is known to be one of the biggest and most profitable name in the industry. But on…

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16 December, 2023

Amid optimistic trend in global markets, Sensex, Nifty hit record highs

Benchmark equity indices Sensex and Nifty surged to all-time high levels in early trade on Friday, December 15, amid an…

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16 December, 2023

Wholesale price inflation hits an 8-month high of 0.26% in November

India's wholesale inflation stepped out of the deflationary zone for the first time since March 2023 as it rose to…

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8 December, 2023

Airline industry to rake in $25.7 bn profit in 2024 India a hugely exciting market: IATA

Geneva (TIP) - The airline industry is projected to post a net profit of USD 25.7 billion and revenue at…

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8 December, 2023

Stock markets snap seven-day winning run; Sensex falls 132 points

Mumbai (TIP)- Benchmark equity indices Sensex and Nifty snapped their seven-day winning streak on Thursday, December 7, due to profit…

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8 December, 2023

Arbitration pacts can be binding on non-signatory firms, rules SC

Expanding the scope and ambit of the term ‘party’ under the arbitration law, the Supreme Court ruled that arbitration agreements…

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8 December, 2023

Adani to invest $75 bn to scale up renewable energy portfolio

Adani Group has plans to invest $75 billion on energy transition initiatives by 2030, its chairman Gautam Adani said on…

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8 December, 2023

India to be third largest economy by 2030: S&P

Global Ratings agency S&P said India will be the world’s third-largest economy by 2030, but a major test for the…

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2 December, 2023

Elon Musk launches profane attack on X advertisers

New York (TIP) -In a profanity-laced outburst, Elon Musk has slammed advertisers that have left X, warning they will kill…

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2 December, 2023

India’s GDP growth accelerates to 7.6% in July-September quarter

New Delhi (TIP)- India's gross domestic product (GDP) for the second quarter of the ongoing financial year accelerated to 7.6…

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2 December, 2023

Average long-term US mortgage rate falls to 7.22%

The average long-term U.S. mortgage rate fell for the fifth week in a row, more good news for prospective homebuyers…

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2 December, 2023

Alibaba arm exits Zomato, sells stake for Rs 3,337 crore

Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba, on Wednesday divested its entire 3.44% stake in food delivery…

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25 November, 2023

Adani-Hindenburg case: ‘Don’t have to treat Hindenburg report as a statement of truth’: SC

New Delhi (TIP)- The Supreme Court on Friday, November 24, observed that the Hindenburg Research report should not be treated…

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25 November, 2023

JP Morgan says unsecured loans to China developers a ‘risky move’

Beijing (TIP) - Any step by China to allow banks to provide unsecured loans to eligible developers “would be a…

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25 November, 2023

Govt set to miss divestment target by Rs 30,000 crore

The government will struggle to raise even half the proceeds it had targeted from planned sales of state-run firms this…

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25 November, 2023

Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 crore

Billionaire Warren Buffet-backed Berkshire Hathaway Inc on Friday, November 24, divested its entire 2.46% stake in Paytm’s parent company One97…

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17 November, 2023

India’s exports rise 6.21 pc to $33.57 billion in Oct; trade deficit widens to $31.36 billion

New Delhi (TIP)- India’s merchandise exports rose 6.21 per cent to USD 33.57 billion in October this year, even as…

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17 November, 2023

China’s Alibaba scraps cloud unit spin-off citing US chip curbs

Beijing (TIP)- Chinese e-commerce giant Alibaba said Thursday, November 16, it was cancelling a planned cloud service spinoff announced this…

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17 November, 2023

‘Sahara matter will continue even after Subrata Roy’s death’: Sebi chief

Sebi chairperson Madhabi Puri Buch on Thursday, November 16, said the Sahara matter will continue for the capital markets regulator…

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17 November, 2023

Reliance JioCinema signs up Pokemon in kids entertainment push: Report

The entertainment unit of India’s Reliance has signed a deal with The Pokemon Company to show children’s shows and movies…

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10 November, 2023

Domestic demand to sustain India’s growth, says Moody’s

New Delhi (TIP)- Moody’s Investors Service on Thursday, November 9, retained India’s economic growth forecast for 2023 at 6.7% and…

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