RBI proposes expansion of UPI digital payments system to allow credit
The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments…
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SoftBank shares surge after Alibaba unveils six-way split of its businesses
Tokyo (TIP)- SoftBank Group Corp. surged in Tokyo trading after Alibaba Group Holding Ltd. announced a six-way split of its…
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First Citizens acquires Silicon Valley Bank
Washington (TIP)- U.S. regulators said they would backstop a deal for regional lender First Citizens BancShares to acquire failed Silicon…
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Contagion risks loom over Adani Transmission and Adani Ports, says Fitch
Ratings agency Fitch has said that two Adani Group subsidiaries are exposed to heightened contagion risks as a result of…
Read MoreEconomic slow-down in China likely to drag global growth down: World Bank
An anticipated economic slow-down in China is likely to drag global growth down to its lowest level this century, the…
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Fed delivers small rate hike, says ‘some additional’ tightening possible
Washington (TIP)- The Federal Reserve on Wednesday, March 22, raised interest rates by a quarter of a percentage point, but…
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Unlike global economy, India will not slow down, says RBI
Mumbai (TIP)-Unlike the global economy, India would not slow down and maintain the pace of expansion achieved in 2022-23, an…
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Hindenburg: Adani’s wealth down 60%
Industrialist Gautam Adani’s fortunes have suffered a severe setback on concerns over corporate governance and accounting fraud, leading to Reliance…
Read MoreBank of England ups rates by .25%
Notwithstanding a surprising increase in inflation revealed on Wednesday, the Bank of England increased interest rates by another quarter of…
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US tells China’s ByteDance to sell TikTok or get ready for a ban
New york (TIP)- The fight between the U.S. and China over TikTok reached an inflection point on Wednesday when the…
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Asian markets take breather from banking turmoil, capping tumultuous week
SYDNEY (TIP)- Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw…
Read MoreIndia’s exports dip 8.8 percent in February
India’s exports dipped in February for the third consecutive month by 8.8 per cent to USD 33.88 billion against USD…
Read MoreApple delays bonuses, limits hiring in latest cost-cutting move
Apple Inc. is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying…
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Adani group repays $500 million bridge loan to regain investor faith: Report
New Delhi (TIP)-The Adani Group has repaid a $500 million bridge loan due Thursday, according to people with knowledge of…
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Joe Biden to urge 25% billionaire tax, levies on rich investors
President Joe Biden is proposing a series of new tax increases on billionaires, rich investors and corporations in his latest…
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Campa Cola is back: Mukesh Ambani’s Reliance rolls out iconic beverage brand
Reliance Consumer Products (RCPL), the fast-moving consumer goods arm and subsidiary of Reliance Retail Ventures (RRVL), on Thursday, March 9,…
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World’s richest lost a combined $10 trillion in 2022: Report
The world's richest people, dubbed as 'ultra-high net worth individuals' (UHNWIs) have shed a cumulative wealth of $10 trillion or…
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IMF flags debt restructuring hurdles, says banning crypto should be an option
Group of 20 (G20) nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary…
Read MoreSingapore Airlines to get 25.1% stake in Air India Group
Singapore Airlines’ (SIA) deal with Tata Sons will inject a further $267 million into Air India. It will give SIA…
Read MoreAdani sells stake in four group companies for Rs 15,446 crore
The embattled Adani Group has sold minority stakes in four of its listed companies to US-based GQG Partners for Rs…
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Elon Musk fires Twitter staff again despite promises of no more layoffs: Report
Despite promising in November 2022 that there will be no more layoffs, Elon Musk has fired more employees from Twitter,…
Read MoreDigital transactions to soon exceed cash payments: PM
Prime Minister Narendra Modi said digital transactions in India will soon cross cash payments due to the increasing popularity of…
Read MoreGlobal uncertainty makes fight against inflation tough: RBI
Majority of members of the high-powered Monetary Policy Committee (MPC) of the Reserve Bank were concerned about heightened inflation even…
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IMF rolls out nine-point crypto assets action plan
The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point…
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Adani Enterprises back in black, records Rs 820-crore profit in Q3
New Delhi (TIP)- Adani Enterprises’ (AEL) good third quarter numbers led to a rebound in its stocks after three days…
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Asian markets retreat as US inflation fuels rate-hike bets
BEIJING (TIP)- Asian markets sank Wednesday as a mixed US inflation report did little to soothe investor worries that the…
Read MoreFrederick Barclay threatened with bankruptcy over £100 million divorce award
Frederick Barclay, the reclusive tycoon who owes his former wife £100 million, is discussing a financial settlement with her after…
Read More‘Inflation finally trimming’: IMF chief’s optimistic assessment of world economy
The International Monetary Fund (IMF) believes that a cost of living crisis that was triggered in many countries following global…
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Adani to prepay $500 million loan as banks balk at refinancing
New Delhi (TIP)- The Adani Group plans to prepay a $500 million bridge loan due next month after some banks…
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RBI hikes interest rates, projects moderate inflation, growth in next fiscal
London (TIP)- The Reserve Bank of India hiked the repo rate by 25 per cent to 6.5 per cent and…
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