Fitch puts US credit rating on negative watch
Ratings agency Fitch has put the US credit rating on watch for a possible downgrade on Wednesday, raising the stakes…
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(Update 12 minutes ago)
Euro slips as Germany enters recession, dollar hits two-month peak
London (TIP)- The euro dropped on Thursday, May 25, as Europe’s largest economy Germany was confirmed to be in a…
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JPMorgan to lay off nearly 1,000 First Republic employees: Report
New York (TIP)- JPMorgan Chase & Co. notified about 1,000 First Republic Bank employees that they aren’t being given jobs…
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Growth expected to exceed 7 per cent in 2022-23: RBI Governor Das
Reserve Bank Governor Shaktikanta Das on Wednesday said the growth for 2022-23 is expected to be more than the advance…
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S&P affirms India’s sovereign rating; outlook stable
New Delhi (TIP)- S&P Global Ratings on Thursday , May 18, affirmed India’s sovereign rating at ‘BBB-’ with a stable…
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Debit, credit cards not to be taxed for overseas spending up to Rs 7 lakh, says govt
New Delhi (TIP)- The Union government tweaked the imposition of 20 per cent Tax Collection at Source (TCS) on transactions…
Read MoreIndiGo back in black; posts Rs 919-cr profit
Fuelled by robust market demand and higher revenue, InterGlobe Aviation on Thursday, May 18, flew into the profitability zone, raking…
Read MoreByju’s Alpha accused of hiding $500 million in default lawsuit
Lenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million as part of a fight between…
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Indian companies invested CAD 6.6 billion in Canada creating thousands of jobs: Report
Indian companies have invested more than CAD 6.6 billion in Canada creating thousands of jobs in the country, with all…
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Google rolls out chatbot Bard in 180 nations
After initially rolling out Bard in the UK and the US, Google has now opened the AI chatbot to over…
Read MoreNo plan to seek insolvency proceedings, says SpiceJet
Budget carrier SpiceJet on Thursday, May 11, said it has no plans to file for insolvency proceedings and has also…
Read MoreBharatPe co-founder Ashneer Grover, his wife, family booked
The Economic Offences Wing of the Delhi Police has filed an FIR against BharatPe co-founder Ashneer Grover, his wife Madhuri…
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Go First Crisis: Story behind India’s 3rd largest airline’s crash landing
In a shock announcement, the Go First Airlines, owned by Wadia-group, said it is cancelling all its flights for two…
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IMF raises Asia’s economic forecast on China recovery, warns of risks
The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth, but warned of risks…
Read MoreEuropean Central Bank raises interest rates but slows pace
The European Central Bank slowed the pace of its interest rate increases Thursday, stepping back like the U.S. Federal Reserve…
Read MoreIndia services PMI for April climbs to 13-year high of 62
India’s services sector activity, as measured by the Purchasing Managers’ Index (PMI), reached a 13-year high of 62 in April,…
Read MoreAuditor named in Hindenburg report resigns from Adani company
A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against…
Read MoreSHU HOSTS TENTH NJBDA SYMPOSIUM
Seton Hall University (shu.edu) hosts the 10th Annual New Jersey Big Data Alliance (NJBDA; njbda.org) Symposium, the state’s "premier conference…
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Why food prices are falling on world markets but not on kitchen tables?
A restaurant on the outskirts of Nairobi skimps on the size of its chapatis — a flaky, chewy Kenyan flatbread…
Read MoreUS Q1 growth slows to 1.1%, inflation rises
US economic growth slowed to 1.1 percent in the first quarter of this year, the Commerce Department said on Thursday,…
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Air India to hire over 1,000 pilots in a bid to expand its fleet
Air India will hire more than 1,000 pilots, including captains and trainers, as the Tata Group-owned airline expands its fleet…
Read MoreTesla Power in pact with IOC to sell batteries
Tesla Power USA on Thursday inked a pact with Indian Oil Corporation (IOC) to sell and service batteries at the…
Read MoreAdani to raise up to $1.5 bn for funding green energy projects
Industrialist Gautam Adani’s group is looking to raise $1-1.5 billion for financing new green energy projects in the conglomerate’s biggest…
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US consumer inflation slows to 5% in March year-over-year
US consumer inflation slowed in March, according to US data Wednesday, lessening the pressure on the Federal Reserve to maintain…
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IMF cuts FY24 India growth forecast to 5.9% as global banking crisis weighs
The International Monetary Fund (IMF) has slashed its economic growth forecast for India by 20 basis points (bps) to 5.9…
Read MoreGlobal shares trend higher with focus on inflation data
Global shares were mostly higher as investors watched for key inflation data likely to influence the Federal Reserve's stance on…
Read MoreIndia’s Inflation falls to 15-mth low of 5.66% in March
Retail inflation in March fell to a 15-month low of 5.66% and came back to the Reserve Bank’s comfort level…
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Forbes’ billionaire list 2023: Elon Musk
loses top spot to Bernard Arnault Bernard Arnault, chairman of French luxury goods company LVMH, became the world’s richest person,…
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IMF head expects less than 3% global economic growth in 2023
The International Monetary Fund is not expected to downgrade its forecast for 2.7% growth in 2023, the head of the…
Read MoreRBI keeps repo rate unchanged at 6.5%
The Reserve Bank of India on Thursday, April 6, announced an unchanged repo rate (basic interest rate) on the expectations…
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