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Category: Business & Economics

8 November, 2024

OpenAI buys new domain chat.com for over $15 million, it redirects to ChatGPT

OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website. The AI giant's CEO…

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8 November, 2024

Hyundai Motor pips Volkswagen to become world’s 2nd-largest automaker

Seol (TIP)- Hyundai Motor Group has outperformed Volkswagen Group to become the world's second-largest automaker in terms of operating profit,…

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31 October, 2024

‘Your money is being wasted’: Elon Musk says he can cut $2 trillion from US federal budget

Pennsylvania (TIP)- Elon Musk claimed he can eliminate at least $2 trillion from the federal budget, laying out his vision…

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31 October, 2024

RBI’s rosy growth forecast baffles economists

Mumbai (TIP)- The Reserve Bank of India’s upbeat growth estimates for the world’s fastest-growing major economy is causing both confusion…

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31 October, 2024

Bitcoin Tops $71,000 for First Time Since June as Election Nears

Bitcoin rose past $71,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as…

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19 October, 2024

China’s economy grows at 4.6% rate, falls short of the official 5% target

China's economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter, the government said on Friday, October 18.…

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19 October, 2024

Euro bank cuts rates again as economy lags

BRUSSELS (TIP)- The European Central Bank cut interest rates for the third time this year on Thursday, saying inflation in…

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19 October, 2024

S&P: India poised to be third largest economy, rising population a concern

New Delhi (TIP) - India is poised to be the third largest global economy by 2030 but rising population presented…

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11 October, 2024

World Bank raises India’s growth outlook for FY25 to 7% from 6.6 %

The World Bank has raised India's economic growth forecast from 6.6 per cent to 7 per cent for the financial…

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11 October, 2024

US inflation reaches lowest point since Feb 2021, consumer prices rise slightly above expectations in September

New York (TIP)- US consumer prices rose slightly more than expected in September, but the annual increase in inflation was…

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11 October, 2024

Mukesh Ambani at top spot on Forbes India’s rich list again with $108 billion net worth

Mumbai (TIP)- Mukesh Ambani, the chairman and managing director of Reliance Industries, retained the top spot on 2024 Forbes’ list…

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5 October, 2024

Mark Zuckerberg is now world’s second-richest person, surpassing Jeff Bezos

California (TIP)- Meta CEO Mark Zuckerberg surpassed Jeff Bezos to become world’s second richest person as his net worth reached…

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5 October, 2024

Middle East conflict lifts oil prices despite large US crude build

New York (TIP)- Oil prices edged up on worries that the escalating conflict in the Middle East could threaten oil…

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5 October, 2024

Stricter norms to curb speculative trading in F&O

To curb speculative trading, markets regulator Sebi on Tuesday put in place a stricter framework for equity index derivatives by…

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5 October, 2024

Government considering proposal for ‘Made in India’ branding

The Union Government is discussing a proposal to formulate a scheme for ‘Made in India’ label with a view to…

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28 September, 2024

Rs 525-crore bank fraud case against Cox and Kings

The Central Bureau of Investigation (CBI) has registered a case of alleged Rs 525-crore bank loan fraud against the promoters…

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28 September, 2024

India pips Japan in Asia power index, ranks third

India ranks third in the annual Asia Power Index, released by an Australian think-tank, surpassing Japan on the back of…

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28 September, 2024

Global debt hits record $312 trillion, with climate finance a challenge: IIF

New York (TIP)- Global debt hit a record high of $312 trillion at the end of the second quarter, driven…

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28 September, 2024

Sensex, Nifty hit record high for 6th straight session

New Delhi (TIP)- Benchmark stock market indices continued their upward tick to hit a record high for the sixth session…

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19 September, 2024

Brookfield adding $13 billion to its bet on India infrastructure

New Delhi (TIP)- Brookfield Asset Management Ltd. plans to add to the $13 billion it has already invested in Indian…

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19 September, 2024

US Fed slashes interest rates by 50 bps in first cut since 2020

New York (TIP)- The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first…

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19 September, 2024

Google wins fight over €1.5 billion EU fine for ads abuse

Google won a court fight with the European Union over a Euro 1.5 billion ($1.7 billion) fine for thwarting competition…

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13 September, 2024

Core US inflation picks up, damping odds of outsize Fed cut

New York (TIP)- Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the…

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13 September, 2024

India’s retail inflation at 3.65% in August 2024, within RBI’s 4% target: Govt data

New Delhi (TIP)- India's retail inflation was 3.65% in August 2024, according to the All India Consumer Price Index (CPI)…

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13 September, 2024

RBI penalises Axis Bank, HDFC Bank for deficiencies in regulatory compliance

The RBI has imposed penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for certain deficiencies in statutory…

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6 September, 2024

India’s growth story intact; need for reforms in land, agri markets: RBI

Mumbai (TIP)- Reserve Bank Governor Shaktikanta Das on Thursday, September 5, said the Indian growth story remains intact with consumption…

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6 September, 2024

China creates $293 billion brokerage giant to take on Wall Street

BEIJING (TIP)- China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to…

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6 September, 2024

Govt eyes $1 billion exports of Indian spirits under ‘Make in India’ drive

With the global demand for Indian spirits growing at a healthy rate, the government is planning to promote both Indian…

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5 September, 2024

Apple eyes bigger slice of India’s streaming market with Airtel deal

Bengaluru (TIP)- Apple is tying up with India’s Airtel to offer the telecom firm’s premium customers its music and video…

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31 August, 2024

Apple eyes bigger slice of India’s streaming market with Airtel deal

Bengaluru (TIP)- Apple is tying up with India’s Airtel to offer the telecom firm’s premium customers its music and video…

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