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Category: Business & Economics

16 September, 2023

Pull iPhone 12 off shelves: French agency to Apple

A French government watchdog agency ordered Apple to withdraw the iPhone 12 from the market, saying it emits levels of…

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9 September, 2023

NTPC Partners with Apollo Hospitals

NTPC Ltd, India’s largest integrated power utility, has forged a significant partnership with Apollo Hospitals, reaffirming its steadfast commitment to…

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9 September, 2023

Rs 3,760 cr scheme to boost battery storage cleared

New Delhi (TIP)- The Government on Wednesday, September 6, approved Rs 3,760 crore for viability gap funding of up to…

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9 September, 2023

Tatas keen to acquire Haldiram’s, eyeing 51% stake in snack-maker

Tata Group’s consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s but…

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9 September, 2023

US lawmaker calls for ending Huawei, SMIC exports after chip breakthrough

New York (TIP)- The U.S. Commerce Department should end all technology exports to Huawei and China’s top semiconductor firm following…

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2 September, 2023

India’s GDP grows by 7.8% in first quarter; remains ‘fastest-growing’ major economy

New Delhi (TIP)- India remained fastest growing major economy of the world in first quarter of the current financial year.…

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2 September, 2023

China decried US tariffs, requested equal treatment for its firms in Raimondo meet

New York (TIP)- China's commerce minister urged Chinese companies investing in the US to be given "equal treatment" and called…

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2 September, 2023

UBS begins $10 billion cuts, axing 3,000 jobs after Credit Suisse deal

UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it will…

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2 September, 2023

Softbank sells 1.16% stake in Zomato for Rs 947 crore

Japanese conglomerate Softbank on Wednesday, August 30, divested a 1.16% stake in online food ordering company Zomato for Rs 947…

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27 August, 2023

Total spending on fuel subsidies topped $7 trillion in 2022, IMF says

London (TIP)- Global subsidies for fossil fuels rose by $2 trillion over the past two years to reach a record…

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27 August, 2023

Sandwich chain Subway to be sold to fast-food investor Roark Capital

New York (TIP)- Subway said it will be sold to Roark Capital, a private equity firm with expertise in restaurant…

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27 August, 2023

India to clock highest growth among top 5 global economies: Finance Secretary

Finance Secretary TV Somanathan on Thursday, August 24, said India will continue to clock the highest growth rate among the…

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27 August, 2023

India set to ban sugar exports for first time in 7 years

India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first…

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20 August, 2023

Foxconn to make iPhone 15 in India

In another push to its India manufacturing dream, Apple iPhone maker Foxconn is all geared up to start the local…

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20 August, 2023

Economy gathering momentum in Q2, inflation a concern, says RBI

Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank’s comfort…

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20 August, 2023

US weekly jobless claims fall as labor market remains tight

New York (TIP)- The number of Americans filing new claims for unemployment benefits fell last week, pointing to a still…

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20 August, 2023

China’s Evergrande files for bankruptcy protection, has debts of $300 billion

New York (TIP)- China Evergrande Group, the real estate giant whose default two years ago accelerated a broader property debt…

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13 August, 2023

Moody’s downgrades US banks, warns of possible cuts to others

New York (TIP)- Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may…

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13 August, 2023

‘Maharajah’ gets makeover, Air India’s new logo unveiled

New Delhi (TIP)- Air India on Thursday, August 10, unveiled a new brand identity and aircraft livery as the airline…

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13 August, 2023

At Rs 5.84 lakh crore, net direct tax kitty up 17%

Net direct tax collection swelled 17.33% to Rs 5.84 lakh crore up to August 10 this fiscal, reaching 32% of…

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13 August, 2023

Factory output growth dips to 3-month low of 3.7% in June

India’s industrial production growth declined to a three-month low of 3.7% in June mainly due to poor showing by the…

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5 August, 2023

Top 50 wilful defaulters owe over Rs 87,000 crore to banks; Mehul Choksi leads list

New Delhi (TIP)- The finance ministry has said that the top 50 wilful defaulters, which include companies like fugitive Mehul…

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5 August, 2023

US labor market still strong; worker productivity rebounds

Washington (TIP)- The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to…

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5 August, 2023

India restricts import of laptop, tablets, computers

The government on Thursday , August 3, imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor…

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5 August, 2023

India can become USD 6.7 trillion economy by 2031: S&P Global

India can become a USD 6.7 trillion economy by 2031, from USD 3.4 trillion currently, if the country clocks an…

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30 July, 2023

US Fed lifts rates, Jerome Powell leaves door open to another hike in September

Washington (TIP)- The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, July 26, and…

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30 July, 2023

Air India plans to start flights to Los Angeles, Boston

New Delhi (TIP)- Tata Group-owned Air India is planning to operate flights to more US cities, including Los Angeles, and…

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30 July, 2023

India to be 3rd largest economy by 2027: SBI

Economists at the country’s largest lender SBI on Thursday, July 27, advanced their estimate on the Indian economy becoming the…

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30 July, 2023

Currency note with * symbol in number panel valid note, says RBI

A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on…

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22 July, 2023

ADB retains India’s growth forecast at 6.4% for current fiscal

The Asian Development Bank (ADB) on Wednesday, July 19, retained India’s economic growth forecast at 6.4 per cent for the…

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