Adani firms under Sebi’s lens: Fin Min
The capital markets regulator and the anti-smuggling investigator, Directorate of Revenue Intelligence (DRI), are probing some Adani Group companies, the…
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Investors devour Zomato shares as IPO kicks off
New Delhi (TIP): Retail investors snapped up shares of Zomato Ltd on the first day of its much-awaited initial public…
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Carmakers wary of chip crunch, fuel prices
New Delhi (TIP): Passenger car makers increased wholesale dispatches in June from May after states eased mobility restrictions. However, industry…
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Biggest US banks smash profit estimates as economy revives
WASHINGTON (TIP): The four largest US consumer banks posted blockbuster second-quarter results this week, after pandemic loan losses failed to…
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France fines Google 500 mln euros over copyright row
PARIS (TIP): France's antitrust watchdog slapped a 500 million euro ($593 million) fine on Alphabet's Google on Tuesday, July 13, …
Read MoreS&P affirms India’s rating at lowest investment grade
S&P Global Ratings has kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ for the 14th year…
Read MoreMastercard barred from adding new customers in India
The RBI on Wednesday, July 14, barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from…
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Google sued by 36 states over alleged Play Store abuses
Alphabet Inc.’s Google was sued by three dozen states alleging that the company illegally abused its power over the sale…
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Jaguar Land Rover sees chip shortage dent output, profits this fiscal year
Luxury carmaker Jaguar Land Rover Automotive Plc issued a profit warning on Tuesday citing the impact of semiconductor chip shortage…
Read MoreDidi plunges below IPO price as China expands crackdown
Didi Global Inc. plunged in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader…
Read MoreZomato gets SEBI nod for Rs 8,250-cr IPO
Food delivery platform Zomato has received SEBI’s nod to raise Rs 8,250 crore through an IPO. The IPO comprises fresh…
Read MoreSaudi Arabia pushes back on UAE opposition to OPEC+ deal
Saudi Arabia's energy minister pushed back against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC+…
Read MoreFitch slashes India’s growth forecast to 10%
Fitch Ratings on Wednesday, July 7, cut India’s growth forecast to 10% for the current fiscal, from 12.8% estimated earlier,…
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London replaces Amsterdam as Europe’s trading hub, first time after Brexit
London moved back ahead of Amsterdam as Europe’s largest share trading center in June, reclaiming the top spot for the…
Read MoreEconomy recovering, rising cyber attacks a risk: RBI
The second wave of the pandemic took a “grievous toll” on India, but the dented economic activity has started recovering…
Read MoreIndia Inc foreign borrowings plunge by 51%
India companies’ foreign borrowings plunged by nearly 51 per cent to USD 738.45 million in May this year amid the…
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Amazon to grant new CEO Andy Jassy over $200 million in stock
Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay…
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Japan’s SoftBank invests $200 million in largest crypto exchange of Brazil
Japan's SoftBank Group Corp has invested $200 million in Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America,…
Read MoreS&P cuts India’s FY22 growth forecast to 9.5%
New Delhi (TIP): S&P Global Ratings on Thursday, June 24, cut India's growth forecast for the current fiscal to 9.5…
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40% of over Rs 22,000 cr ‘defrauded’ by Mallya, Nirav,Choksi recovered: ED
New Delhi (TIP): About 40 percent of the money lost by banks in alleged frauds perpetrated by fugitive businessmen Nirav…
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Microsoft 2nd US firm to pass $2 trillion market cap
San Francisco (tip): Tech giant Microsoft reached a $2 trillion market capitalisation in trading, joining a small group of global…
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Astronauts finish installing first solar arrays outside ISS
Washington (TIP): Two astronauts onboard the International Space Station (ISS) has successfully completed the deployment of solar arrays, which will…
Read MoreBitcoin drops below US$30,000
Bitcoin fell below US$30,000 for the first time since January, briefly erasing gains for the year and adding to losses…
Read MoreCompetition Commission probes Google for alleged unfair biz ways
The Competition Commission of India (CCI) has ordered a detailed probe against Google for alleged anti-competitive practices in the smart…
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Microsoft names CEO Satya Nadella as chairman
Microsoft Corp on Wednesday, June 16, named Chief Executive Officer Satya Nadella as its new chairman, in place of John…
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SpaceX collaborates with GEC to sell space art through cryptocurrency
The announcement of the DOGE-1 mission — a collaboration between Elon Musk’s SpaceX and the futurist Geometric Energy Corporation (GEC)…
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Cristiano Ronaldo’s act wipes off $4 billion from Coca-Cola’s market value
A small gesture by star footballer Cristiano Ronaldo at a pre-match press conference — ahead of the Euro 2020 clash…
Read More3 million jobs in Indian IT firms to be slashed by next year, says report
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that…
Read MoreMandatory hallmarking of gold jewelry kicks in
Marking a major change in India’s favorite investment option, “mandatory” hallmarking of gold jewellery kicked off on June 17 in…
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After El Salvador, India may move to classify Bitcoin as an asset class
BENGALURU (TIP): After El Salvador’s historic move to adopt Bitcoin as legal tender (rendering it full currency status), things are…
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