CCI greenlights Rs 70,350-cr Reliance-Disney India merger
New Delhi (TIP)- India's competition watchdog has approved Reliance Industries Ltd's Rs 70,350-crore merger with Disney's Indian media assets, subject…
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(Update 12 minutes ago)US second quarter growth stronger than estimated: Govt
The US economy expanded more than initially estimated in the second quarter this year, the Department of Commerce said Thursday,…
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Walmart tears up China online strategy with JD.com stake sale
New York (TIP)- Walmart's stake in Chinese e-commerce firm JD.com was once central to its China strategy. Now it is…
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Govt flags e-commerce risk to 100 million retailers
Unfettered growth of e-commerce in India may cause “huge social disruption”, impacting the livelihood of 100 million small retailers across…
Read More‘Complex, expensive’: Further tranches of sovereign gold bonds unlikely
Further tranches of sovereign gold bonds are unlikely, said sources to Business Today TV. SGBs are government securities denominated in…
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Starbucks replaces its CEO Laxman Narasimhan, names Chipotle chief to head the company
Newport Beach (TIP)- Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down…
Read MoreHindenburg allegations: Sebi chief gets backing of REIT, industry bodies
Industry bodies representing the Real estate investments trusts (REITs) and alternate capital on Monday came in support of embattled Sebi…
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Indexes rise as softer producer prices data boosts rate-cut bets
New York (TIP)- U.S. stocks hit a near two-week high on August 13 after softer producer prices data reinforced bets…
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Volatility likely to continue, US economy still on track for soft landing: UBS
The equity market has remained volatile, with both the S&P 500 and the tech-heavy Nasdaq index closing 1% higher on…
Read MoreIndia proposes preferential trade pact among BIMSTEC countries
Commerce and Industry Minister Piyush Goyal on August 7 suggested the seven member countries of the BIMSTEC bloc to relook…
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Repo rate unchanged; food inflation worries RBI
Mumbai (TIP)- As was widely expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on August…
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US Federal Reserve maintains rate at 5.25-5.5% for 8th consecutive term
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to…
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Digital economy to make up 1/5th of GDP by 2026: RBI
Mumbai (TIP)- India’s digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according…
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Economic Survey not binding, no rethink on FDI from China: Govt
Commerce and Industry Minister Piyush Goyal has said there is no rethinking in the government to support foreign direct investments…
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Foreign investors take out Rs 10,000 crore from Indian stock market after Budget
Mumbai (TIP)- Foreign portfolio investors (FPIs) have pulled out almost Rs 10,710 crore from the Indian stock market in three…
Read MoreMusk to discuss $5 billion xAI investment with Tesla board
Tesla CEO Elon Musk said on Thursday, July 25, he will discuss a $5 billion investment in artificial intelligence startup…
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US economy regains speed in second quarter; price pressures easing
Washington (TIP)- The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and…
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Byju’s goes under insolvency: What happens to employees?
Mumbai (TIP)- The parent company of troubled edtech giant Byju’s called Think and Learn Pvt Ltd was put into insolvency…
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US firms point to slowing activity and softer labor market, Fed survey shows
New York (TIP)- U.S. economic activity expanded at a slight to modest pace from late May through early July with…
Read MoreIMF upgrades India’s economic outlook
The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations…
Read MoreADB retains India’s growth forecast at 7%
The Asian Development Bank (ADB) has maintained India’s GDP growth forecast at 7 per cent for the current financial year,…
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Employment rate rises 6% provisionally in FY24 from 3.2% in FY23: RBI data
India’s employment rate grew by 6 per cent in the fiscal year ended March 31, 2024 from a growth of…
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S&P 500 tops 5,600 mark in longest rally this year
New York (TIP)- A rally in the world’s largest technology companies sent stocks to all-time highs, with Jerome Powell’s remarks…
Read MoreIndia’s budget may retain fiscal deficit target at 5.1%; job creation, social spending, capex to be key themes: Morgan Stanley
Mumbai (TIP)- US investment bank Morgan Stanley has said the Indian government is likely to retain fiscal deficit target at…
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Indian banks’ bad loan ratio at a 12 year low
New Delhi (TIP)- The gross non-performing assets (GNPA) ratio of scheduled commercial banks, which moderated to a 12-year low of…
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Foreign investors find it hard to invest in Indian government bonds due to heavy paperwork
New Delhi (TIP)- Despite India’s $1.3 trillion sovereign bond market becoming very attractive for foreign investors, they face a lot…
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Airtel announces 10-21% hike in mobile tariffs from July 3
Bharti Airtel on Friday, June 28, announced between 10 and 21 per cent hike in mobile tariffs, a day after…
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India becomes third-largest domestic airline market
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market…
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ADB sanctions USD 170 mn loan to reinforce India’s health infrastructure
New Delhi (TIP)- The Asian Development Bank (ADB) has approved a USD 170 million policy-based loan aimed at enhancing the…
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Fitch raises India’s FY25 growth forecast to 7.2%
New Delhi (TIP)- Fitch Ratings on Tuesday raised its growth estimates for India by 20 basis points to 7.2 percent…
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