India’s foreign exchange reserves drop $3.8 billion to $524.5 billion, lowest since July 2020
Foreign exchange reserves fell $3.8 billion to a two-year-low of $524.52 billion in the week ended October 21, data released…
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India’s forex buffers sufficient to cushion risks: Fitch Ratings
New Delhi (TIP)- India’s external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US…
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Stocks give up an early gain and close lower on Wall Street
Stocks on Wall Street lost ground again Thursday, though the major indexes remained on pace for a weekly gain after…
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Banks divert gold supply from India to China
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and…
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Singapore Airlines in talks with Tatas to merge Vistara, Air India
Singapore Airlines (SIA) said on Thursday, October 13, it was in talks with Tata Group about a potential merger of…
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Core US inflation rises to 40-year high, securing big Fed hike
A key gauge of US consumer prices advanced to a 40-year high in September, underscoring persistent, elevated inflation that’s squeezing…
Read MoreElon Musk under probe by US authorities over $44 billion deal: Twitter
Tesla CEO Elon Musk is being investigated in connection with his $44 billion acquisition of Twitter, the microblogging site said…
Read MoreIMF projects India’s debt ratio at 84% of GDP by year-end
India’s debt ratio is projected at 84 per cent of its GDP by the end of 2022, which is higher…
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Four Indian-Americans in Forbes 400 rich list
Vinod Khosla, Romesh Wadhwani and Rakesh Gangwal made it to the Forbes 2022 list. Indian-Americans Vinod Khosla, Romesh Wadhwani and…
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UN agency warns of recession linked to ‘imprudent’ monetary policy
A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially…
Read MoreRecession avoidable with right fiscal policies: IMF
Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be…
Read MoreElon Musk may go ahead with original price of $54.20 a share for Twitter
Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, potentially avoiding a…
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India climbs six notches to 40th position in Global Innovation Index 2022
India climbed six notches to 40th position in the Global Innovation Index 2022 on account of improvement in several parameters,…
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Global recession likely as cost of living soars: Chief economists’ survey
A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World…
Read MoreExternal debt rises by 7.1% to breach $600 bn-mark
India’s external debt has risen by 7.1% to $617.1 billion in June 2022 as against $575.3 billion during the corresponding…
Read MoreIndia star among emerging market economies, says S&P
S&P Global Ratings on Thursday , September 29, said rising rates and increased European energy insecurity are hitting growth in…
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Global recession looms on broadest rate hikes in five decades: World Bank
The global economy may face a recession next year caused by an aggressive wave of policy tightening that could yet…
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Fitch lowers India’s FY 2023 GDP growth forecast to 7% from 7.8%: Report
Fitch Ratings on Thursday slashed India’s economic growth forecast for FY23 to 7% from 7.8% projected in June, and said…
Read MoreIndia’s trade deficit widened to $27.98 billion in August: Govt
India's merchandise trade deficit in August widened to $27.98 billion from $11.71 billion a year earlier, revised data released by…
Read MoreGautam Adani Briefly Listed As World’s Second-Richest Person
Gautam Adani became the world's second richest person on September 16 , but only for a brief period. The tycoon…
Read MoreBloodbath on Dalal Street: Recession, rate hike fears wreck stocks
Equity benchmarks spiralled lower for the third session on the trot on Friday, September 16, in lockstep with a sell-off…
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iPhone 14, iPhone 14 Plus, iPhone 14 Pro, iPhone 14 Pro Max launched
New Delhi (TIP)- Apple's latest line-up of iPhones will boast better cameras, faster processors, and a longer lasting battery —…
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Elon Musk’s 20 Million Tesla Sales Goal By 2030 Driven By Battery Technology
The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery…
Read MoreUS bars ‘advanced tech’ firms from building China factories for 10 years
US tech companies that receive federal funding will be barred from building "advanced technology" facilities in China for 10 years,…
Read MoreEuro falls to new 20-year low vs dollar
Europe's currency slumped to a 20-year low against the dollar as regional energy prices surged after Russia's Gazprom halted its…
Read MoreAdani Group to build three giga factories as part of $70 bn green investment
Billionaire businessman Gautam Adani today sought more collaboration between India and the US on healthcare, defence and cyber technologies while…
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IndiGo, Virgin Atlantic in codeshare pact
The country’s largest airline IndiGo and British carrier Virgin Atlantic on Wednesday announced a codeshare agreement. Under the pact, Virgin…
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Adani world’s third richest, first from Asia
Adani Group’s chairman Gautam Adani is now the world’s third-richest person after overtaking France’s Bernard Arnault according to Bloomberg Billionaires…
Read MoreFed officials see U.S. interest rates rising further
New York (TIP)- U.S. Federal Reserve officials on Tuesday reiterated their support for further interest-rate hikes to quell inflation, with…
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DoT allocates spectrum, telcos told to gear up for 5G launch
The Department of Telecommunications (DoT) has allocated spectrum to telecom operators, paving the way for the launch of 5G services.…
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