China decried US tariffs, requested equal treatment for its firms in Raimondo meet
New York (TIP)- China's commerce minister urged Chinese companies investing in the US to be given "equal treatment" and called…
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(Update 12 minutes ago)UBS begins $10 billion cuts, axing 3,000 jobs after Credit Suisse deal
UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it will…
Read MoreSoftbank sells 1.16% stake in Zomato for Rs 947 crore
Japanese conglomerate Softbank on Wednesday, August 30, divested a 1.16% stake in online food ordering company Zomato for Rs 947…
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Total spending on fuel subsidies topped $7 trillion in 2022, IMF says
London (TIP)- Global subsidies for fossil fuels rose by $2 trillion over the past two years to reach a record…
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Sandwich chain Subway to be sold to fast-food investor Roark Capital
New York (TIP)- Subway said it will be sold to Roark Capital, a private equity firm with expertise in restaurant…
Read MoreIndia to clock highest growth among top 5 global economies: Finance Secretary
Finance Secretary TV Somanathan on Thursday, August 24, said India will continue to clock the highest growth rate among the…
Read MoreIndia set to ban sugar exports for first time in 7 years
India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first…
Read MoreFoxconn to make iPhone 15 in India
In another push to its India manufacturing dream, Apple iPhone maker Foxconn is all geared up to start the local…
Read MoreEconomy gathering momentum in Q2, inflation a concern, says RBI
Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank’s comfort…
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US weekly jobless claims fall as labor market remains tight
New York (TIP)- The number of Americans filing new claims for unemployment benefits fell last week, pointing to a still…
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China’s Evergrande files for bankruptcy protection, has debts of $300 billion
New York (TIP)- China Evergrande Group, the real estate giant whose default two years ago accelerated a broader property debt…
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Moody’s downgrades US banks, warns of possible cuts to others
New York (TIP)- Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may…
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‘Maharajah’ gets makeover, Air India’s new logo unveiled
New Delhi (TIP)- Air India on Thursday, August 10, unveiled a new brand identity and aircraft livery as the airline…
Read MoreAt Rs 5.84 lakh crore, net direct tax kitty up 17%
Net direct tax collection swelled 17.33% to Rs 5.84 lakh crore up to August 10 this fiscal, reaching 32% of…
Read MoreFactory output growth dips to 3-month low of 3.7% in June
India’s industrial production growth declined to a three-month low of 3.7% in June mainly due to poor showing by the…
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Top 50 wilful defaulters owe over Rs 87,000 crore to banks; Mehul Choksi leads list
New Delhi (TIP)- The finance ministry has said that the top 50 wilful defaulters, which include companies like fugitive Mehul…
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US labor market still strong; worker productivity rebounds
Washington (TIP)- The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to…
Read MoreIndia restricts import of laptop, tablets, computers
The government on Thursday , August 3, imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor…
Read MoreIndia can become USD 6.7 trillion economy by 2031: S&P Global
India can become a USD 6.7 trillion economy by 2031, from USD 3.4 trillion currently, if the country clocks an…
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US Fed lifts rates, Jerome Powell leaves door open to another hike in September
Washington (TIP)- The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, July 26, and…
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Air India plans to start flights to Los Angeles, Boston
New Delhi (TIP)- Tata Group-owned Air India is planning to operate flights to more US cities, including Los Angeles, and…
Read MoreIndia to be 3rd largest economy by 2027: SBI
Economists at the country’s largest lender SBI on Thursday, July 27, advanced their estimate on the Indian economy becoming the…
Read MoreCurrency note with * symbol in number panel valid note, says RBI
A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on…
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ADB retains India’s growth forecast at 6.4% for current fiscal
The Asian Development Bank (ADB) on Wednesday, July 19, retained India’s economic growth forecast at 6.4 per cent for the…
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Elon Musk says Twitter has lost half its ad revenue
Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media…
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RIL Q1 profit drops 11% to Rs 16,011 crore
New Delhi (TIP)- Reliance Industries (RIL) on Friday, July 21, reported an 11% drop in its June quarter net profit…
Read MoreChinese mobile firms evade Rs 9,000-crore tax in 5 years
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs 9,000 crore…
Read MoreTatas to invest £4 bn to build EV battery plant in UK
Tata Group on Wednesday , July 19, announced an investment of £4 billion (about Rs 42,500 crore) in setting up…
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Elon Musk launches AI firm xAI as he looks to take on OpenAI
Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers…
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Retail inflation in June rises to three-month high of 4.81%
New Delhi (TIP)- Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of…
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