China’s economy slows in November as property slump deepens
China’s economy slowed further in November, dragged down by a worsening property market slump and disruptions from repeated Covid outbreaks.…
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(Update 12 minutes ago)Leena Nair named CEO of French fashion house Chanel
French fashion house Chanel named Leena Nair, an executive from Unilever, as its new global CEO on Tuesday, picking a…
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Tech giant Apple’s market value closes in on $3 trillion
Apple Inc's market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the…
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RBI brings NBFCs on par with banks in new PCA framework
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday, Dec 14, issued revised guidelines on…
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Dollar stays soft, with Omicron still top of mind
HONG KONG (TIP): The dollar failed to pick up ground on most major peers on Thursday as markets saw optimism…
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RBI keeps lending rate unchanged, to continue with accommodative monetary policy
The Reserve Bank of India decided to keep the benchmark lending rate unchanged at 4 per cent for the ninth…
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Fitch slashes India’s GDP growth forecast to 8.4%
New Delhi (TIP): Fitch Ratings on Wednesday, Dec 8, cut India’s economic growth forecast to 8.4% for the current fiscal…
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Ford invests $900m to modernise Thai auto plants
Ford Motor Co is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest…
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RBI initiates insolvency process against Rel Cap
Mumbai (TIP): The RBI on Thursday, Dec 2, filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against…
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Gita Gopinath to replace Okamoto as IMF’s No. 2
International Monetary Fund Chief Economist Gita Gopinath is set to take over from Geoffrey Okamoto as the institution’s No. 2…
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Jet in talks with Boeing, Airbus for $12-bn order
Bengaluru (TIP): Jet Airways is in talks with Boeing and Airbus for an order worth $12 billion, BloombergQuint reported on…
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Asia markets mixed as Omicron, Fed taper keep traders on edge
HONG KONG (TIP): Asian markets have been blended Friday, Dec 3, as merchants tracked developments within the Omicron virus pressure…
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Elon Musk has now sold more than half the stock he vowed on Twitter
After a few days’ break, Elon Musk resumed selling shares in Tesla Inc., now coming more than halfway to making…
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China regulator seeks to avoid US delistings of Chinese firms
HONG KONG (TIP): Chinese authorities are working with U.S. counterparts to prevent Chinese companies being delisted from U.S. stock exchanges,…
Read MoreBigBasket opens 1st physical store, targets 800 in 5 years
Tata Group-owned e-grocery BigBasket has entered offline retail with the opening of its first brick-and-mortar store in Bengaluru on Wednesday.…
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Govt inks deal with US to phase out equalisation levy
Signing a pact for the transition from equalisation levy, India and the US on Wednesday agreed for a transitional approach…
Read MoreUS banking regulators to clarify banks’ crypto role in 2022
WASHINGTON (TIP): US banking regulators intend to clarify in 2022 what role traditional banks can legally play in the cryptocurrency…
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Akasa Air signs $4.5-bn deal to buy CFM engines
Ace investor Rakesh Jhunjhunwala-backed Akasa Air on Wednesday announced signing an agreement to purchase CFM LEAP-1B engines to power its…
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US, EU, Japan to renew alliance against China trade practices
The U.S., European Union and Japan will announce Wednesday they will renew their trilateral partnership to address the challenges posed…
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Apple will soon let you repair your iPhone, Mac at home
Apple will now allow users to carry out Do-It-Yourself (DIY) repairs on certain iPhone and Mac computers. It starts sometime…
Read MoreEconomic recovery taking hold: RBI Governor Das
Numerous macro indicators suggest that the economic recovery is now taking hold after the beating it has taken during the…
Read MorePaytm lists at Rs 1,950, shares plunge 21% in first day of trade
Shares of One 97 Communications, the parent company of digital payments company Paytm, debuted on the stock market on Thursday.…
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India on way to becoming fastest growing economy in world: Finance ministry report
Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy…
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Tesla selloff puts at risk its $1 trillion club membership
Tesla Inc shares fell for the fourth straight session on Wednesday, putting at risk the electric-car maker's position in the…
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US bank snaps ties with Adani’s Australia project
New Delhi (TIP): Bank of New York Mellon Corp has pulled out of providing financial services to Adani Group and…
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Asian markets fluctuate as inflation remains in focus
HONG KONG (TIP): Asian markets were mixed Thursday as rising inflation fears were tempered by a report that teetering Chinese…
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US economy grew just 2% in Q3 as consumer spending slowed: Govt
WASHINGTON (TIP): The US economic expansion slowed dramatically in the third quarter to an annual rate of just two percent…
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US bans China Telecom over national security concerns
WASHINGTON (TIP): US regulators are expelling a unit of China Telecom Ltd., one of the country's three major state-owned carriers,…
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Paytm public offer, country’s biggest, to open on Nov 8
One97 Communications, which operates under Paytm brand name, will come out with the country’s biggest initial public offer on November…
Read MoreApple results hit by supply chain woes
Supply chain woes cost Apple $6 billion (roughly Rs. 44,890 crore) in sales during the company's fiscal fourth quarter, which…
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