‘Pandemic curbs hit labour market; jobless rate at 13%’
New Delhi (TIP): The labour market is in its worst condition since the nationwide lockdown months of April and May…
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Tata Digital to acquire majority stake in 1MG
Tata Digital Ltd, a wholly-owned arm of Tata Sons, on Thursday said it will acquire a majority stake in 1MG…
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World Bank slashes growth forecast to 8.3%
New Delhi (TIP): The World Bank has slashed its FY22 growth forecast for India to 8.3% from the 10.1% pace…
Read MoreGovt to auction major ONGC, OIL gas fields
The government has decided to auction unmonetized oil and gas fields of state-run Oil and Natural Gas Corp. (ONGC) and…
Read MoreBharatPe acquires Payback India
Merchant payment and lending service provider BharatPe on Thursday, June 10, said it has acquired Payback India from American Express…
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IDBI Bank secures $239-m debt ruling in UK High Court
London (TIP): IDBI Bank has secured a $239-million judgment in the High Court of London against a Cypriot subsidiary of…
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Elon Musk compares chip shortage to toilet paper crisis on an epic scale
Tesla CEO Elon Musk has once again raised concerns over the ongoing chip shortage crisis that has hit the carmakers…
Read More‘SoftBank could invest over $4 billion in India’
Masayoshi Son-led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology…
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Banks can sell Mallya’s properties, shares worth Rs 5,646 cr to recover dues
New Delhi (TIP): Armed with court order, a consortium of lenders led by SBI can now sell certain real estate…
Read MoreUS jobless claims drop to 385,000, another pandemic low
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low,…
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Amazon buys MGM for $8.45 bn
Amazon is going Hollywood. The online shopping giant is buying MGM, the movie and TV studio behind James Bond, ‘Legally…
Read MoreJeff Bezos to step down as Amazon CEO on July 5
Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon from an internet…
Read MoreIran bans cryptocurrency mining for 4 months after blackouts
Iran's President Hassan Rouhani on Wednesday announced a four-month ban on all cryptocurrency mining, a day after his energy minister…
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PNB scam: Choksi’s immediate repatriation stayed by Dominica court
A Dominica court has put a stay on the repatriation of fugitive Mehul Choksi after Choksi's legal team in Dominica…
Read MoreCost of equity declined in India
The India Cost of Capital Survey 2021 concludes that in line with the falling interest rates, the cost of equity…
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Melinda Gates gets billions in shares from Cascade
Cascade Investment, the holding company created by Bill Gates, transferred stock in two of Mexico’s largest companies to Melinda French…
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India to breach fiscal deficit target in FY22: Fitch Solutions
New Delhi (TIP): India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly…
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Non-residents to be taxed in India if transaction value exceeds Rs 2 cr
New Delhi (TIP): Non-residents undertaking transactions with Indian parties will trigger taxability under the domestic law in India even if…
Read MoreChina suspends economic dialogue with Australia as relations curdle
Beijing (TIP): China "indefinitely" suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said,…
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Three Indian-American CEOs join task force to help India fight COVID-19
WASHINGTON (TIP): Sunder Pichai from Google, Punit Renjen from Deloitte and Shantanu Narayen from Adobe have joined the steering committee…
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Oil drops after rallying on signs of rising global fuel demand
Oil declined on Friday, April 30, but prices are still heading for a weekly gain as signs of strengthening demand…
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India’s oxygen crisis to ease by mid-May, output to jump 25%: Report
New Delhi (TIP): India's severe medical oxygen supply crisis is expected to ease by mid-May, a top industry executive told…
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India’s unemployment rate may rise to 8%: CMIE
As states go into lockdowns and impose restrictions amid the second wave of Covid-19, the unemployment rate in April is…
Read MorePowell stomps on inflation fears, pledges more stimulus
Temporary price jumps will not spook the Federal Reserve into pulling back on the stimulus it has pumped into the…
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World’s biggest stock owner says banks displaced tech as drivers of returns
The world’s biggest owner of listed equities, Norway’s $1.3 trillion wealth fund, says financial firms have displaced tech stocks as…
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Millions of Americans are jobless, yet firms struggle to hire
Washington (TIP): More than a year into the Covid-19 pandemic, millions of American remain jobless, but even as the economy…
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Dorsey, Musk bat for Bitcoin as future of renewable energy
Arguing for Bitcoin as a key driver of renewable energy’s future on Earth Day, Twitter CEO Jack Dorsey and Tesla…
Read MoreS&P flags impact of lockdowns on Indian economy
S&P Global Ratings on Thursday, April 22, said the Indian economy is projected to grow at 11% in the current…
Read MoreRBI allows commercial banks to pay up to 50% of pre-Covid dividends
The Reserve Bank of India (RBI) on Thursday, April 22, relaxed the dividend payout norms of commercial banks and allowed…
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Asian stock markets advance after new Wall Street high
Asian stock markets followed Wall Street higher on Wednesday after US inflation ticked up and Japanese machinery orders fell. Shanghai,…
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