RBI optimistic about 9.5% GDP growth for current financial year
RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI…
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(Update 12 minutes ago)Cairn accepts $1-bn refund offer, to drop cases against India: CEO
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France…
Read MoreChina’s factory inflation hits 13-year high as materials costs soar
China's factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing's attempts to…
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GDP growth 20.1% in Q1 after Covid slump
New Delhi (TIP): India’s GDP grew at 20.1% in the quarter ending June — in line with expectations — although…
Read MoreTesla moves a step closer to making India debut
Electric cars from Tesla Inc. may soon be on Indian roads, with the Union transport ministry approving four of its…
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Covid-19 delta variant hits Chinese economy as services industry contract
China’s economy took a knock from the delta virus outbreak in August, adding to signs of a slowdown in growth…
Read MoreGoogle delays mandatory office return to 2022 on Covid surge
Google pushed back the date when its employees must return to the office until after Jan. 10, citing uncertainty related…
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Second Covid wave hiked banks’ asset risks, says Moody’s
Moody’s Investors Service on Thursday said second wave of Covid infections has increased asset risks for Indian banks, but a…
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Half a trillion dollars wiped from China markets in a week as clampdowns shatter confidence
China’s tech shares slumped to new lows on Friday and Hong Kong’s benchmark index hit an virtually 10-month trough, as…
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Bitcoin jumps above $50,000 for first time since May
HONG KONG (TIP): Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled…
Read MoreRs 3,000 crore from AI unpaid, oil companies seek ministry help
Stopping short of fuel supply cuts to disinvestment-bound Air India, state-owned oil retailers have sought the petroleum ministry’s intervention to…
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Afghanistan low on dollars with currency reserves stuck abroad
SINGAPORE (TIP): Afghanistan's currency reserves are mostly held in foreign accounts and are probably inaccessible to Taliban rulers, leaving the…
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Software startup Postman raises $225 mn, turns most valuable SaaS unicorn
Bengaluru (TIP): Application program interface (API) development platform Postman on Wednesday said it raised $225 million at a valuation of…
Read MoreFacebook, telcos to extend subsea cable to four countries
Facebook and a team of African and global telecoms companies will add four more countries to its world’s largest subsea…
Read MoreCrisil upgrades India Inc’s credit outlook to positive
Crisil Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook…
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Passenger vehicle sales up 45% in July
Passenger vehicle wholesales in India rose significantly year-on-year in July, as Covid-led restrictions eased across states and companies pushed stocks…
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Best time for Corporate India to step up risk taking, says Nirmala Sitharaman
New Delhi (TIP): Finance Minister Nirmala Sitharaman on Thursday, August 12, said the government is doing everything required to support…
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SoftBank pauses China investing as crackdown roils portfolio
TOKYO (TIP): SoftBank Group Corp will pause its investing in China as it waits for regulatory action against the country's…
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RIL enters lithium battery biz via stake buy in US firm
New Delhi (TIP): Reliance New Energy Solar Ltd (RNESL), the newly floated renewable energy unit of Reliance Industries Ltd, along…
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As Indian billionaire plans new airline, Boeing hopes for orders
New Delhi (TIP): Indian billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline could give planemaker Boeing a chance to…
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Indian companies bag $48 million project in Maldives
ABL - Indira Projects JV - A Joint venture between Ashoka Buildcon and Chennai based Indira Projects & Developments signed…
Read MoreED sends notice to Flipkart over forex violations
India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35…
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Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium
New Delhi (TIP): The Union Cabinet has cleared the Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill, 2021, which will…
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IMF upgrades outlook for rich nations, slashes India forecast
Washington (TIP): The International Monetary Fund (IMF) has maintained its 6% global growth forecast for 2021, upgrading its outlook for…
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Kirloskar family feud: Brothers’ firms spar over 130-year-old legacy
New Delhi (TIP): Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, accused four firms under his brothers Atul and Rahul…
Read MoreUS economic recovery on track despite Covid-19 surge: Federal Reserve
Washington (TIP): The US economic recovery remains on track despite a rise in coronavirus infections, the Federal Reserve said on…
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At $608.99 billion, India’s forex 5th highest in world
New Delhi (TIP): At $608.99 billion as on June 25, India has emerged as the fifth largest foreign exchange reserves…
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IMF urges countries to shift from economic rescue to reforms
The International Monetary Fund's No. 2 official on Tuesday, July 20, called on countries to pivot from saving their economies…
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Crypto king to ‘overtake global finance’ by 2050
2021 will probably go down in history as the year when Bitcoin started to enter the mainstream financial world with…
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ADB slashes India’s FY22 growth forecast to 10%
Asian Development Bank (ADB) has downgraded India’s economic growth forecast for the current financial year to 10% on Tuesday, from…
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