HCL buys German e-mobility tech proviXder for Rs 2,300 cr
HCL Technologies has signed a pact to acquire 100% stake in ASAP Group, a German automotive engineering services provider, for…
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(Update 12 minutes ago)India-China trade shows first signs of slowdown
The India-China trade, which in recent years rose sharply despite bilateral tensions over the border dispute, showed the first signs…
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McDonald’s drops tomatoes from burgers, cites ‘quality concerns’ amid price rise
New Delhi (TIP)- Fast food chain McDonald's has made the decision to remove tomatoes from its burgers and wraps in…
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Elon Musk sues Wachtell law firm for $90 million fee in Twitter $44 billion buyout battle
San Francisco (TIP)- Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of…
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SC orders SpiceJet to pay Rs 578 crore to Kalanidhi Maran, Kal Airways
In a jolt to low-cost airlines SpiceJet, the Supreme Court on Friday, July 7, refused to extend the time for…
Read MoreVedanta to buy chip, display biz from Twin Star
Vedanta Ltd on Friday said it will acquire the semiconductor and display businesses from sister concern Twin Star Technologies Ltd.…
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Apple’s market value breaches $3 trillion mark again
Apple Inc's market capitalisation on Friday, June 30, breached the $3 trillion mark for the first time since January last…
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India excludes overseas credit card spends from LRS
New Delhi (TIP)- The finance ministry on midnight Friday, June 30, amended foreign exchange management rules to exclude international credit…
Read MoreOil prices jump 3% on bigger-than-expected decline in US crude storage
NEW YORK (TIP)- Oil prices climbed about 3% as the second straight weekly draw from U.S. crude stockpiles was bigger…
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Apple set to launch its credit card in India: Report
London/Hong Kong (TIP)- Technology giant Apple is gearing up to launch its own credit card in India. The iPhone maker's…
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US economy seen skirting recession but with sticky inflation
WASHINGTON (TIP)- The US economy is now expected to narrowly dodge a recession this year but underlying inflation will be…
Read MoreAmazon to collect expiring Rs 2,000 notes from customers
Amazon said on Wednesday it will collect soon-to-be-withdrawn Rs 2,000 notes from customers and credit them to online wallets to…
Read MoreFitch ups India’s growth forecast to 6.3% on mfg, infra spending
The Indian economy is expected to clock a higher growth of 6.3% — one of the highest in the world…
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Vodafone, Hutchison merge to create UK’s biggest operator
London/Hong Kong (TIP)- Vodafone and CK Hutchison finally unveiled the 15 billion pound ($19 billion) merger of their British mobile…
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US central bank keeps interest rate unchanged, projects two hikes by end of year
WASHINGTON (TIP)- Federal Reserve officials paused on Wednesday, June 14, following 15 months of interest-rate hikes but signaled they would…
Read MoreExports fall 10.3% in May; trade deficit widens to 5-mth high
Exports declined for the fourth consecutive month by 10.3% year-on-year to $34.98 billion in May, while the trade deficit widened…
Read MoreDebt affordability key to India’s financial strength, says Moody’s
Moody’s Investors Service on Thursday, June 15, said the key determinant of India’s fiscal strength and the credit profile will…
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Pizza Hut Australia purchased by US group that owns Taco Bell, Wendy’s locations
Franchise operator Flynn Restaurant Group is acquiring Pizza Hut Australia, marking the US company’s first international acquisition. Flynn is buying…
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Rising imports, falling exports push US trade deficit to six-month high
WASHINGTON (TIP)- The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded…
Read MoreRBI retains FY24 GDP growth forecast at 6.5%
The Reserve Bank on Thursday , June 8, retained the GDP growth projection for current fiscal year at 6.5 per…
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Europe sees inflation drop to 6.1%, but real relief expected to take months
London (TIP)- Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a…
Read MoreSBI Life to take over Sahara’s insurance arm
The Insurance Regulatory and Development Authority of India (IRDAI) has identified SBI Life Insurance Company Ltd (SBI Life) to acquire…
Read MoreMusk overtakes Bernard Arnault to become world’s richest person again
Elon Musk has retaken the title of world’s wealthiest person.The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault…
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CBI books IL&FS Transportation Limited for ‘causing loss’ of over Rs 6,524 Cr to Canara Bank-led consortium
New Delhi (TIP)- The CBI has filed an FIR against IL&FS Transportation Network Limited and its then directors for allegedly…
Read MoreFitch puts US credit rating on negative watch
Ratings agency Fitch has put the US credit rating on watch for a possible downgrade on Wednesday, raising the stakes…
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Euro slips as Germany enters recession, dollar hits two-month peak
London (TIP)- The euro dropped on Thursday, May 25, as Europe’s largest economy Germany was confirmed to be in a…
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JPMorgan to lay off nearly 1,000 First Republic employees: Report
New York (TIP)- JPMorgan Chase & Co. notified about 1,000 First Republic Bank employees that they aren’t being given jobs…
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Growth expected to exceed 7 per cent in 2022-23: RBI Governor Das
Reserve Bank Governor Shaktikanta Das on Wednesday said the growth for 2022-23 is expected to be more than the advance…
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S&P affirms India’s sovereign rating; outlook stable
New Delhi (TIP)- S&P Global Ratings on Thursday , May 18, affirmed India’s sovereign rating at ‘BBB-’ with a stable…
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Debit, credit cards not to be taxed for overseas spending up to Rs 7 lakh, says govt
New Delhi (TIP)- The Union government tweaked the imposition of 20 per cent Tax Collection at Source (TCS) on transactions…
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