Bad bank to resolve Rs 2 lakh cr stressed loans, says finance minister
New Delhi (TIP): Finance Minister Nirmala Sitharaman on Thursday, Sept 16, announced a Rs 30,600 crore government guarantee for National…
Read MoreNews Updates
(Update 12 minutes ago)Sensex breaches 59,000-mark for first time
Market benchmark Sensex scaled the 59,000-mark for the first time on Thursday, Sept 16, as investors remained in risk-on mode…
Read MoreUN pegs 7.2% growth for India in current year
India is expected to grow at 7.2% in 2021 but economic growth could decelerate next year, according to a United…
Read MoreBig-bang reforms in telecom sector: 4-year loan moratorium, 100% FDI
The Centre on September 15 approved the much-awaited relief package for the stressed telecom sector that includes a four-year moratorium…
Read More
Inflows into MFs fall in Aug; SIPs, retail folios at peak
Mumbai (TIP): Even as the stock markets hit record highs, the mutual fund (MF) sector reported a decline in inflows…
Read More
Ford to cease local production in India, shut down both plants
Ford Motor Co will stop manufacturing in India and take a hit of about $2 billion as it does not…
Read MoreRBI optimistic about 9.5% GDP growth for current financial year
RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI…
Read MoreCairn accepts $1-bn refund offer, to drop cases against India: CEO
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France…
Read MoreChina’s factory inflation hits 13-year high as materials costs soar
China's factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing's attempts to…
Read More
GDP growth 20.1% in Q1 after Covid slump
New Delhi (TIP): India’s GDP grew at 20.1% in the quarter ending June — in line with expectations — although…
Read MoreTesla moves a step closer to making India debut
Electric cars from Tesla Inc. may soon be on Indian roads, with the Union transport ministry approving four of its…
Read More
Covid-19 delta variant hits Chinese economy as services industry contract
China’s economy took a knock from the delta virus outbreak in August, adding to signs of a slowdown in growth…
Read MoreGoogle delays mandatory office return to 2022 on Covid surge
Google pushed back the date when its employees must return to the office until after Jan. 10, citing uncertainty related…
Read More
Second Covid wave hiked banks’ asset risks, says Moody’s
Moody’s Investors Service on Thursday said second wave of Covid infections has increased asset risks for Indian banks, but a…
Read More
Half a trillion dollars wiped from China markets in a week as clampdowns shatter confidence
China’s tech shares slumped to new lows on Friday and Hong Kong’s benchmark index hit an virtually 10-month trough, as…
Read More
Bitcoin jumps above $50,000 for first time since May
HONG KONG (TIP): Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled…
Read MoreRs 3,000 crore from AI unpaid, oil companies seek ministry help
Stopping short of fuel supply cuts to disinvestment-bound Air India, state-owned oil retailers have sought the petroleum ministry’s intervention to…
Read More
Afghanistan low on dollars with currency reserves stuck abroad
SINGAPORE (TIP): Afghanistan's currency reserves are mostly held in foreign accounts and are probably inaccessible to Taliban rulers, leaving the…
Read More
Software startup Postman raises $225 mn, turns most valuable SaaS unicorn
Bengaluru (TIP): Application program interface (API) development platform Postman on Wednesday said it raised $225 million at a valuation of…
Read MoreFacebook, telcos to extend subsea cable to four countries
Facebook and a team of African and global telecoms companies will add four more countries to its world’s largest subsea…
Read MoreCrisil upgrades India Inc’s credit outlook to positive
Crisil Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook…
Read More
Passenger vehicle sales up 45% in July
Passenger vehicle wholesales in India rose significantly year-on-year in July, as Covid-led restrictions eased across states and companies pushed stocks…
Read More
Best time for Corporate India to step up risk taking, says Nirmala Sitharaman
New Delhi (TIP): Finance Minister Nirmala Sitharaman on Thursday, August 12, said the government is doing everything required to support…
Read More
SoftBank pauses China investing as crackdown roils portfolio
TOKYO (TIP): SoftBank Group Corp will pause its investing in China as it waits for regulatory action against the country's…
Read More
RIL enters lithium battery biz via stake buy in US firm
New Delhi (TIP): Reliance New Energy Solar Ltd (RNESL), the newly floated renewable energy unit of Reliance Industries Ltd, along…
Read More
As Indian billionaire plans new airline, Boeing hopes for orders
New Delhi (TIP): Indian billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline could give planemaker Boeing a chance to…
Read More
Indian companies bag $48 million project in Maldives
ABL - Indira Projects JV - A Joint venture between Ashoka Buildcon and Chennai based Indira Projects & Developments signed…
Read MoreED sends notice to Flipkart over forex violations
India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35…
Read More
Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium
New Delhi (TIP): The Union Cabinet has cleared the Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill, 2021, which will…
Read More
IMF upgrades outlook for rich nations, slashes India forecast
Washington (TIP): The International Monetary Fund (IMF) has maintained its 6% global growth forecast for 2021, upgrading its outlook for…
Read More
