US imposes new 5G license limits on some Huawei suppliers
The Biden administration has informed some suppliers to China’s Huawei Technologies Co. of tighter conditions on previously approved export licenses,…
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India woos Tesla with offer of cheaper output cost
New Delhi (TIP): India is ready to offer incentives to ensure Tesla Inc's cost of production would be less than…
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India adds 40 billionaires in pandemic year; Adani, Ambani see rise in wealth: Report
Mumbai (TIP): Forty Indians entered the billionaires’ club in the pandemic-stricken 2020 to take the number of those in the…
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Disney to shut 60 North American stores, 20% of global total
Walt Disney Co. plans to close more than 60 of its North American Disney stores, eliminating roughly 20% of its…
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Volvo To Make Only Electric Vehicles By 2030
Volvo says it will make only electric vehicles by 2030. But if you want one, you'll have to buy it…
Read MoreBitcoin is at a ‘tipping point’, Citi says
Bitcoin is at a "tipping point" and could in the future become the preferred currency for international trade or face…
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Netflix plans $500 million Korea budget this year to crack Asia
Netflix Inc. plans to spend $500 million on original movies and TV shows in South Korea this year, boosting investment…
Read MoreVolvo and Geely drop merger, betting they’ll be faster apart
China’s Geely Automobile Holdings Ltd. and its Swedish affiliate Volvo Cars are putting off earlier plans to merge, wagering they…
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More Indians turn entrepreneurs as job market still bleak
New Delhi (TIP): While the job market still looks bleak in India after a pandemic-hit 2020, the world’s professional network…
Read MoreModi pitches for privatisation of non-strategic PSUs
Continuing with the government’s push for large-scale privatisation of public sector undertakings, Prime Minister Narendra Modi today said the step…
Read MoreMerger of 12% and 18% GST rate slabs soon
New Delhi (TIP): The government will push the agenda of simplifying the Goods and Services Tax (GST) regime by rationalising…
Read MoreFormer Disney executives turn into LA’s hottest dealmakers
Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two…
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Bitcoin soars to new high above $52,000; sustainability concerns rise
Bitcoin surged to yet another record high on Wednesday, February 17, a day after the virtual currency vaulted to the…
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Economic Impact Payments issued; eligible people can claim Recovery Rebate Credit
WASHINGTON (TIP): The IRS announced, Feb 18, that, as required by law, all legally permitted first and second round of…
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Asia stocks hold at highs, sustained by bottomless stimulus
Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the…
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Urban demand drives passenger vehicles sales
New Delhi (TIP): Automakers dispatched more passenger vehicles to dealers for the sixth straight month in January, filling up retail…
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Bumble’s 31-year-old CEO becomes a rare female billionaire
A company catering to women and led by women has made its 31-year-old female founder a billionaire. Bumble Inc., the…
Read MoreAmazon moves apex court in Future-Reliance deal dispute
E-commerce major Amazon has moved the Supreme Court in a bid to block Future group’s Rs 24,713-crore deal with Reliance,…
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Equity benchmarks spike to new highs ahead of RBI policy decision
Mumbai (TIP): Equity benchmarks Sensex and Nifty advanced their record-setting spree in early trade on Friday, Feb 5, ahead of…
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Jeff Bezos, Amazon’s founder, will step down as CEO this year
Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step…
Read MoreUber to buy alcohol delivery startup Drizly for $1.1 billion
Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion, beating out…
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Business & Economics, Frontpage News, Indian American, Indian Americans, Indian Origin, Indians Abroad
Indian American Baiju Bhatt is the latest billionaire
NEW YORK (TIP): Baiju Bhatt, the Indian American cofounder of the trading unicorn Robinhood, has become the latest Indian American…
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India’s economic progress
Since Independence, India has achieved tremendous progress in raising growth, income levels and standards of living. India’s development journey over…
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Toyota beats Volkswagen to become world’s no. 1 car seller in 2020
Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling…
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Amazon under ED scanner for violation of FEMA norms
The Enforcement Directorate (ED) has initiated a probe against e-commerce giant Amazon for alleged violation of the foreign exchange law…
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Union Budget 2021: Exemptions list in new tax regime may get longer
New Delhi (TIP): With an aim to incentivise the new optional income tax regime introduced in the last Budget, the…
Read MoreJio ranked 5th strongest brand globally
Billionaire Mukesh Ambani’s four-year-old telecom venture Reliance Jio has been ranked the fifth strongest brand globally behind the likes of…
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Economic Survey notes ‘improvement in equity’ – better access to bare necessities across India
New Delhi (TIP): Access to the “bare necessities” of electricity, water, sanitation and housing (bijli, paani & makan) has improved…
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Economic Survey 2021 pegs GDP growth at 11% in FY22
New Delhi (TIP): India's real gross domestic product (GDP) is expected to grow by 11 percent in FY22, making it…
Read MoreIndia, World Bank sign $500m pact to improve school education
The Indian government and the World Bank on Friday, January 29, signed a $500 million Strengthening Teaching-Learning and Results for…
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