World’s biggest stock owner says banks displaced tech as drivers of returns
The world’s biggest owner of listed equities, Norway’s $1.3 trillion wealth fund, says financial firms have displaced tech stocks as…
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Millions of Americans are jobless, yet firms struggle to hire
Washington (TIP): More than a year into the Covid-19 pandemic, millions of American remain jobless, but even as the economy…
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Dorsey, Musk bat for Bitcoin as future of renewable energy
Arguing for Bitcoin as a key driver of renewable energy’s future on Earth Day, Twitter CEO Jack Dorsey and Tesla…
Read MoreS&P flags impact of lockdowns on Indian economy
S&P Global Ratings on Thursday, April 22, said the Indian economy is projected to grow at 11% in the current…
Read MoreRBI allows commercial banks to pay up to 50% of pre-Covid dividends
The Reserve Bank of India (RBI) on Thursday, April 22, relaxed the dividend payout norms of commercial banks and allowed…
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Asian stock markets advance after new Wall Street high
Asian stock markets followed Wall Street higher on Wednesday after US inflation ticked up and Japanese machinery orders fell. Shanghai,…
Read MoreBitcoin touches $64,000 high as traders eye coinbase listing
Bitcoin advanced Wednesday, breaching the $64,000 level for the first time after eclipsing its most recent record in March a…
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At Rs 20.16 lakh cr, FY21 tax collection tops revised estimate
With all major tax heads yielding revenues significantly higher than the respective revised estimates (RE) shown in the Budget, the…
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Elon Musk’s SpaceX raises $1.16 billion in equity financing
Billionaire Elon Musk's SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket…
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Oil holds near 1-month high as demand forecasts raised
Oil prices were lower on Thursday , April 15, though holding near one-month highs after futures jumped in the previous…
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Oil prices slip with bumps in economic revival
Oil clung to losses with concerns over the economic recovery casting a cloud over the return to normal demand. WTI…
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China comes down hard on Alibaba group, fines $2.78bn
Chinese regulators have hit top e-commerce giant Alibaba with a record 18.23 billion yuan ($2.78 billion) fine for violating anti-monopoly…
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Innovative India must capture all segments of financial market to fuel growth: IMF
Washington (TIP): India is on the right track and is innovating on the policy side, including on digital identity and…
Read MoreIndia gold imports jump to 2-year high
Gold imports by India surged in March to the highest monthly total in nearly two years as a slump in…
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US FAA approves design of 737 MAX 8200 variant
The Federal Aviation Administration (FAA) said on Wednesday it had approved the design for the Boeing 737-8200, part of the…
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Inflation exceptionally high in India: Moody’s
New Delhi (TIP): India’s inflation is at “uncomfortably high” level, which is an exception among Asian economies, Moody’s Analytics said…
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Xiaomi sells Redmi Note 10 series smartphones worth Rs 500 cr
Xiaomi claims that it has managed to sell Redmi Note 10 series smartphones worth Rs 500 crore, within first two…
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India ranks 40th on International Intellectual Property Index
Washington (TIP): India ranked 40 among 53 global economies on the latest annual edition of the International Intellectual Property (IP)…
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Oil prices slide as coronavirus lockdown concerns outweigh Suez Canal disruptions
Oil prices skidded around 2% as fuel demand concerns re-emerged alongside fresh coronavirus pandemic lockdowns, trimming overnight gains spurred by…
Read MoreIndia’s economy on path of gradual recovery: IMF
India's economy is on the path of gradual recovery, the International Monetary Fund has said ahead of its next month’s…
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SEBI relaxes norms for listing of startups
Seeking to boost listing of startups, markets watchdog SEBI on Thursday decided a slew of relaxations to norms, including reducing…
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H&M, Nike face boycotts in China as Xinjiang becomes wedge issue
US and European retail brands in China are suddenly facing a dilemma: Embrace cotton from Xinjiang and come under attack…
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Adani Green ties up $1.3 billion from a dozen banks
NEW DELHI (TIP): A dozen global banks are to bankroll Adani Green Energy Ltd’s under-construction renewable power projects with a…
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Oil slump deepens as Europe faces pandemic lockdowns
Oil prices fell on Friday, extending losses for a sixth day as a new wave of COVID-19 infections wash across…
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Delhi HC restrains Future Group from going ahead with RIL deal
New Delhi (TIP): The Delhi High Court on Thursday, March 18, upheld the Singapore’s Emergency Arbitrator’s (EA) order restraining Future…
Read MoreRajya Sabha clears Bill to raise FDI in insurance sector to 74%
Rajya Sabha on Thursday, March 18, passed the Insurance (Amendment) Bill, 2021 that seeks to raise the FDI in insurance…
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Elon Musk sets a new record. His wealth jumps $25 billion in a day
Elon Musk just hit a new milestone: He made a record $25 billion in one day. Tesla Inc.’s 20% jump…
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PUBG creator invests $22.4M in Indian firm Nodwin Gaming
PUBG Mobile developer Krafton has invested $22.4 million in the homegrown esports company Nodwin Gaming. According to TechCrunch, the aim…
Read MoreBritain delays Brexit import checks to avert supply disruption
The UK government said it will delay imposing post-Brexit checks on imports coming from the European Union in a bid…
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Boeing nears 737 MAX order from Southwest worth billions: Report
Boeing Co is close to a multibillion-dollar deal to sell dozens of its 737 MAX 7 jets to Southwest Airlines…
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