Elon Musk’s $44-billion deal gets Twitter board endorsement
New York (TIP)- Twitter‘s board of directors has recommended that shareholders approve its proposed $44-billion sale to Tesla CEO Elon…
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US recession fears darken outlook for global growth
LONDON/TOKYO (TIP)- Manufacturing growth is slowing from Asia to Europe as China's Covid-19 curbs and Russia's invasion of Ukraine disrupt…
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UK inflation hits 40-year high at 9.1 percent
Britain’s inflation rate hit 9.1% in May, a new 40-year high and up slightly on the previous month. The Office…
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Kellogg to split snack, cereal, food Business
Kellogg Co, the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks…
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RBI not behind curve, focus on inflation target could have been risky: Das
Mumbai (TIP)- Governor Shaktikanta Das on Friday, June 17, refuted criticism of the RBI being behind the curve in its…
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WTO agrees deals on fishing subsidies, food security, Covid vaccines
Geneva (TIP)- In a landmark decision, more than 160 member countries of the World Trade Organization on Friday, June 17, …
Read MoreSpaceX fires several employees who flayed CEO Elon Musk: Report
SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter…
Read MoreIndia’s foreign exchange reserves fall by $4.6 billion for week ending June 10
India's foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion to $596.46 billion,…
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RBI hikes policy repo rate by 50 bps, raises inflation forecast to 6.7 percent
Mumbai (TIP)- The Reserve Bank of India (RBI) on Wednesday, June 8, hiked the policy repo rate by 50 basis…
Read MoreMercedes to recall 1 million older cars on fear of faulty brakes
German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system,…
Read MoreCanada bans export of support services for Russian oil, gas, chemical industries
Canada said on Tuesday it was imposing new sanctions on Russia, banning export of 28 services, such as accounting and…
Read MoreWorld Bank cuts India’s economic growth forecast to 7.5 pc
The World Bank, on Tuesday, June 7, cut India's economic growth forecast for the current fiscal to 7.5 per cent…
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India’s GDP grew by 8.7% in FY22 after 6.6% contraction previous fiscal
New Delhi (TIP)- India's economic growth or GDP slipped to 4.1 per cent in the fourth quarter of 2021-22, while…
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Ford workers face uncertain future, stage protest, seek help from Tamil Nadu govt
CHENNAI (TIP)- With the deadline for winding up operations nearing and with no ray of hope of another company taking…
Read MoreIndia collects Rs 1.41 lakh cr GST in May, up 44% YoY
GST revenue bucked the two-month rising trend in May and stood at nearly Rs 1.41 lakh crore, registering a year-on-year…
Read MoreTata Motors Beats Hyundai To Become 2nd Largest Carmaker In May
The homegrown automaker, Tata Motors has become the 2nd largest carmaker in the month of May 2022. Tata Motors sold…
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Ford workers face uncertain future, stage protest, seek help from Tamil Nadu government
CHENNAI (TIP): With the deadline for winding up operations nearing and with no ray of hope of another company taking…
Read MoreBritish retailer Marks and Spencer exits Russia
British clothing-to-food retailer Marks and Spencer on Wednesday announced a full exit from Russia following the country's invasion of Ukraine.…
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Inflation fight may have fiscal impact, but govt not looking to borrow more
The total revenue implication of the excise duty cuts is seen at Rs 2.2 lakh crore a year. This, coupled…
Read MoreAdvanced economies to be back on track by 2024: International Monetary Fund
Advanced economies will be back on track by 2024, but developing economies will be 5% below where they would have…
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Musk to provide $6.25 billion more in equity to fund Twitter deal
Elon Musk said on Wednesday, May 25, he will secure an additional $6.25 billion in equity financing to fund the…
Read MoreUK Risks Car Collapse as Jaguar Land Rover Looks Elsewhere for Batteries
Almost a decade after playing home to Europe’s first mass-produced electric car, the UK is at risk of becoming a…
Read MoreMeta freezes hiring for several verticals; Zuckerberg says no job cuts
Meta (formerly Facebook) has paused hirings for several verticals, like shopping and Messenger Kids, which has triggered the fear of…
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Musk says ‘Tesla on my mind 24/7’ amid concerns about Twitter distraction
Tesla CEO Elon Musk said on Thursday, May 19, that “Tesla is on my mind 24/7,” trying to soothe investor…
Read MoreUK consumer morale hits lowest since records began in 1974: Report
Pessimism weighing on Britain's households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to…
Read MoreIndia’s Wholesale inflation at record high of 15.08%
Wholesale price index (WPI)-based inflation rose to a record high of 15.08 per cent in April, up from 14.55 per…
Read MoreLPG price hiked by Rs 3.50 per cylinder in India, 2nd increase this month
Domestic cooking gas LPG price was on Thursday, May 19, hiked by Rs 3.50 per cylinder, the second increase in…
Read MorePatanjali Ayurved sells food retail business to Ruchi Soya for Rs 690 cr
Baba Ramdev-led Patanjali Ayurved Ltd will sell its food retail business to group firm Ruchi Soya Industries Ltd for Rs…
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Tesla puts India entry plan on hold after deadlock on tariffs
Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and…
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India’s consumer inflation at 8-yr high of 7.79% may ‘trigger’ quicker rate hikes
New Delhi (TIP)- Sounding a red alert on India's CPI inflation at an 8-year high print of 7.79% YoY in…
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