Govt gets 33.44% stake in Vodafone Idea
Debt-ridden telecom operator Vodafone Idea (Vi) said its Board has approved the allotment of equity shares worth Rs 16,133 crore…
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(Update 12 minutes ago)Disney to cut 7,000 jobs in major revamp by CEO Iger
Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part…
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Energy giant Shell makes record $40 billion profit in tumultuous 2022
London (TIP)- As many as three Adani group companies, including Adani Enterprises, have come un Shell delivered a record $40…
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Stock Exchanges put 3 Adani Group companies under short-term surveillance
New Delhi (TIP)- As many as three Adani group companies, including Adani Enterprises, have come under short-term additional surveillance measure…
Read MoreGoogle’s parent announces ‘meaningful’ slowdown in hiring pace for 2023
Alphabet Inc. will “meaningfully” slow its pace of hiring in 2023, Chief Financial Officer Ruth Porat said. The severance charge…
Read MoreBank of England raises borrowing costs to 4%, hints rates near peak
The Bank of England raised interest rates for the 10th straight time on Thursday and signalled the tide was turning…
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As Big Tech is firing employees by thousands, what is driving layoffs and how worried should we be
Durham (TIP)- Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle…
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India a ‘bright spot’ in world economy right now: Top UN economist
United Nations (TIP)- India is a “bright spot” in the world economy currently and is on a “strong footing”, projected…
Read MoreBoeing plans to hire 10,000 workers in 2023 as it increases jetliner production
Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will…
Read MoreUS economy slowed but still grew at 2.9% rate last quarter
The US economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure…
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Adani Enterprises submits papers for Rs 20,000-cr FPO
Adani Enterprises Lltd. (AEL) has filed an offer letter with stock exchanges for a Rs 20,000 crore follow-on public offer…
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Budget 2023: India’s buzzing economic activity belies fears of slowdown
India's economy picked up speed in December as business conditions improved, marking a rebound for the South Asian nation that…
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Microsoft to lay off nearly 11,000 employees this week: Report
San Francisco (TIP)- Tech giant Microsoft is joining the ongoing layoff season at tech companies, and is reportedly set to…
Read MoreChina’s GDP growth falls to 3% in 2022, second lowest growth in 50 years
Beijing (TIP)- Hit hard by the zero-Covid policy and slump in the real estate market, China's economy shrank to three…
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Indian economy estimated to grow at 7% in current fiscal: NSO
New Delhi (TIP)- The country's GDP at constant prices will grow by over Rs 10 lakh crore more during the…
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Apple CEO Tim Cook takes 40% pay cut
Apple Inc. is cutting Chief Executive Officer Tim Cook’s compensation by more than 40% to $49 million in 2023, citing…
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Bernard Arnault, world’s richest man, names daughter as Dior chief
French billionaire Bernard Arnault announced Wednesday, January 11, that his daughter Delphine would head his LVMH luxury empire's Dior fashion…
Read MoreRetail inflation stays below 6% for 2nd month
New Delhi (TIP)- Continuing moderation in food prices brought retail inflation to a 12-month low of 5.7% in December 2022…
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India’s services sector growth hits 6-month high in December on strong demand
New Delhi (TIP)- The Indian services sector growth touched a six-month high in December, supported by a robust intake of…
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Amazon to cut over 18,000 jobs
Seattle (TIP)- Amazon plans to cut more than 18,000 jobs, the largest number in the firm's history, as it battles…
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U.S. job growth solid in Dec; unemployment rate falls to 3.5%
Washington (TIP)- The U.S. economy added jobs at a solid clip in December, pushing the unemployment rate back to a…
Read MoreGlobal economy to face tougher year in 2023, warns IMF chief
A third of the global economy will be in recession this year, the IMF (International Monetary Fund) chief has said,…
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Govt hikes interest rates on NSC, post office deposits; no change in PPF rate
Mumbai (TIP)- The government on Friday, December 30, hiked the interest rates on small deposits -- including post office term…
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China economic activity worsens in December as Covid spreads
BEIJING (TIP)- China’s economic activity contracted at a steeper tempo in December as the nation all of the sudden reversed…
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Adani buys Roys’ 27.26% stake in NDTV for Rs 602 cr
New Delhi (TIP)- The Adani Group on Friday, December 30, acquired 27.26% equity stake in NDTV from its founders Prannoy…
Read MoreCore sector output rises 5.4% in Nov
Production of eight infrastructure sectors increased by 5.4% in November against a 3.2% growth in the same month last year…
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Asian markets track Wall St down as recession worries return
Hong Kong (TIP)- Asian markets fell again Friday, December 23, after forecast-beating US data fuelled expectations that the Federal Reserve…
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Private cryptos can cause next financial crisis, warns RBI
Mumbai (TIP)- Pressing for the prohibition of instruments like bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday, December 21, warned…
Read MoreReliance Retail buys Metro’s India business for Rs 2,850 cr
Reliance Industries has agreed to buy German firm Metro AG’s wholesale operations in India for Rs 2,850 crore as the…
Read MoreUS economy grew 3.2% in Q3, an upgrade from earlier estimate
Washington (TIP)- Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual…
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