Commerce and Industry Minister Piyush Goyal on August 7 suggested the seven member countries of the BIMSTEC bloc to relook and re-examine the proposed free trade agreement as the talks for the pact is progressing […]
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the eighth time. In its statement, the Fed observed that job […]
Mumbai (TIP)- Foreign portfolio investors (FPIs) have pulled out almost Rs 10,710 crore from the Indian stock market in three days since the Union Budget after the government raised taxes on derivatives trades and on […]
Tesla CEO Elon Musk said on Thursday, July 25, he will discuss a $5 billion investment in artificial intelligence startup xAI, as the electric-vehicle maker looks to double down on efforts to expedite the development […]
Washington (TIP)- The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures subsided, leaving intact expectations of a September interest rate cut […]
Mumbai (TIP)- The parent company of troubled edtech giant Byju’s called Think and Learn Pvt Ltd was put into insolvency by the National Company Law Tribunal (NCLT) on July 16, due to a plea filed […]
New York (TIP)- U.S. economic activity expanded at a slight to modest pace from late May through early July with firms expecting slower growth ahead as they also reported signs the jobs market continues to […]
The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide progress against accelerating prices has […]
New York (TIP)- A rally in the world’s largest technology companies sent stocks to all-time highs, with Jerome Powell’s remarks to Congress not doing much to dissuade traders from betting on Federal Reserve rate cuts […]
Mumbai (TIP)- US investment bank Morgan Stanley has said the Indian government is likely to retain fiscal deficit target at 5.1 percent of GDP in FY25, in line with the interim budget. Fiscal prudence, capital […]
New Delhi (TIP)- The gross non-performing assets (GNPA) ratio of scheduled commercial banks, which moderated to a 12-year low of 2.8 per cent in March 2024, may further improve to 2.5 per cent by March […]
New Delhi (TIP)- The Asian Development Bank (ADB) has approved a USD 170 million policy-based loan aimed at enhancing the country’s health system. According to ADB, the loan, part of the Strengthened and Measurable Actions […]
Washington (TIP)- The Federal Reserve held interest rates steady on Wednesday, June 12, and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction […]
The Adani Group is reportedly exploring acquisition of several cement companies. On Gautam Adani’s radar is Hyderabad-based Penna Cement, Gujarat-headquartered Saurashtra Cement, cement business of Jaiprakash Associates and ABG Shipyard owned Vadraj Cement, as per […]
Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday, June 12. The Consumer Price Index (CPI) […]
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