BharatPe files criminal suit against co-founder Ashneer Grover, family
New Delhi (TIP)- Fintech unicorn BhartPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and…
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(Update 12 minutes ago)Air India to spend over $400 million on cabin upgrade of wide-body fleet
Air India on Thursday, December 8, announced plans to refurbish its entire legacy wide-body fleet, comprising 27 Boeing B787-8 and…
Read MoreIndia halves windfall tax on crude oil; slashes levy on diesel exports
The government on Thursday, December 1, slashed to less than half the windfall profit tax on domestically produced crude oil…
Read MoreIndia’s second quarter GDP growth slows to 6.3%’
New Delhi (TIP)- India’s real (inflation adjusted) gross domestic product (GDP) grew 6.3% in the July-September quarter, far slower than…
Read MoreAir India announces merger with Vistara by 2024
The Tata Group announced the consolidation of its airlines - Vistara and Air India. Air India will be the country’s…
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GeM closes in on Amazon, Flipkart in gross merchandise value
The Government eMarketplace (GeM), the six-year-old public procurement website, is closing in on e-commerce giants Amazon and Walmart-owned Flipkart in…
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US consumer spending solid in October; weekly jobless claims fall
Washington (TIP)- US consumer spending elevated solidly in October, whereas inflation moderated, giving the financial system a strong enhance in…
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Air India mandates UK-based firm to sell its four Boeing 747-400 jumbo aircraft
New Delhi (TIP)- Tata Group-owned Air India has mandated UK-based remarketing firm Skytech-AIC for the sale of its four Boeing…
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Foxconn offers staff 10,000 yuan to leave after iPhone factory violence
Beijing (TIP)- Foxconn Technology Group has begun offering 10,000 yuan ( around Rs 1 lakh) to any workers who choose…
Read MoreAfter Twitter, Meta, Amazon and Google, HP Inc to reduce global headcount by up to 6,000 employees
PC and printer major HP Inc is joining the ongoing tech layoff season and will lay off nearly 4,000-6,000 employees.…
Read MoreTatas to acquire Bisleri for up to Rs 7,000 crore: Report
Tata Consumer Products Ltd will buy Bisleri International for up to Rs 7000 crore, the Economic Times newspaper reported on…
Read MoreElon Musk warns of Twitter bankruptcy as more senior executives quit
California (TIP)- Twitter Inc's new owner Elon Musk on Thursday, November 10, raised the possibility of the social media platform…
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US consumer inflation eased to 7.7% over past 12 months
Washington (TIP)- Price increases moderated in the United States last month in the latest sign that the inflation pressures that…
Read MoreCentre could cut spending for first time in 3 years: Report
Spending by the Indian Government this fiscal year could be less than budgeted for the first time in three years,…
Read MoreFacebook parent Meta cuts 11,000 jobs, 13% of workforce
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and…
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Meta India head Ajit Mohan quits
Social media giant Meta on Thursday, November 3, said its India head Ajit Mohan has resigned from the company. “Ajit…
Read MoreLionel Messi is global brand ambassador of Byju’s social initiative
Edtech giant Byju's has roped in soccer superstar Lionel Messi as the first global brand ambassador of its social impact…
Read MoreReliance Retail set to enter salon business
Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, plans to enter the salon business and is in final…
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Jump in US job openings may jolt Fed yet again
A jump in U.S. monthly job openings has thrown the Federal Reserve another confounding bit of data for its policy…
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Bank of England makes biggest interest rate hike in 30 years
The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back…
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IMF cuts Asia’s economic forecasts as China’s slowdown bites
The International Monetary Fund (IMF) has downgraded its economic outlook for Asia as global monetary tightening, rising inflation blamed on…
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‘Let the good times roll’: Musk tweets on first morning as new Twitter boss
New York (TIP)- “Let the good times roll”, billionaire Elon Musk tweeted on Friday, hours after he completed his acquisition…
Read MoreRecord sales drive Maruti Suzuki Q2 net to over 4-fold rise at Rs 2,112.5 cr
Maruti Suzuki India on Friday, October 28, reported an over four-fold increase in consolidated net profit to Rs 2,112.5 crore…
Read MoreJapan approves $200-bn stimulus to check inflation
Japanese Prime Minister Fumio Kishida’s government approved on Friday a hefty economic package that will include about 29 trillion yen…
Read MoreIndia’s foreign exchange reserves drop $3.8 billion to $524.5 billion, lowest since July 2020
Foreign exchange reserves fell $3.8 billion to a two-year-low of $524.52 billion in the week ended October 21, data released…
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India’s forex buffers sufficient to cushion risks: Fitch Ratings
New Delhi (TIP)- India’s external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US…
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Stocks give up an early gain and close lower on Wall Street
Stocks on Wall Street lost ground again Thursday, though the major indexes remained on pace for a weekly gain after…
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Banks divert gold supply from India to China
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and…
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Singapore Airlines in talks with Tatas to merge Vistara, Air India
Singapore Airlines (SIA) said on Thursday, October 13, it was in talks with Tata Group about a potential merger of…
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Core US inflation rises to 40-year high, securing big Fed hike
A key gauge of US consumer prices advanced to a 40-year high in September, underscoring persistent, elevated inflation that’s squeezing…
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