business
Samsung poised to win over $6 billion for expanded US investment
Washington (TIP)- THE United States plans to award more than US$6 billion to Samsung Electronics, helping the chipmaker expand beyond a project in Texas it has already announced, according to sources familiar with the matter. […]
5 public sector banks to reduce govt stake to meet Sebi norms
Five public sector lenders, including Bank of Maharashtra, IOB and UCO Bank are planning to reduce government stake to less than 75 per cent to comply with Sebi’s minimum public shareholding (MPS) norms, Financial Services […]
US stock market: Shares rally to records ahead of jobs report
Global stock indexes rallied to record highs on Thursday, while government bond yields fell after the European Central Bank held interest rates steady and Federal Reserve Chair Jerome Powell reiterated that easing was likely in […]
Sensex, Nifty eke out gains to settle at fresh lifetime highs
Mumbai (TIP)- Benchmark Sensex and Nifty closed at fresh record highs on March 7 following gains in metal and FMCG shares amid firm global trends and foreign fund inflows. In a highly volatile trade, the […]
Fed is ‘not far’ from confidence needed to cut rates, says Powell
Washington (TIP)- Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to become more confident that inflation is moving sustainably […]
Bitcoin surpasses $60,000 for 1st time in two years
Cryptocurrency Bitcoin on Thursday, Feb 29, surpassed $60,000 for the first time in more than two years. The jump comes amid surging optimism that demand for the token is widening beyond committed digital-asset enthusiasts, according […]
Reliance-Disney merger may face CCI scrutiny over dominance fears
New Delhi (TIP)- Mukesh Ambani-led Reliance Industries and Walt Disney India‘s merger could attract antitrust scrutiny, experts have predicted. The Reliance-Disney merger is set to create India’s biggest TV player with over 120 channels. The […]
Nvidia tops $2 trllion valuation in first for chipmakers
Nvidia added $277 billion in stock market value on Thursday, Feb 24, Wall Street’s largest one-day gain in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fueled by optimism about […]
Walmart to focus on sourcing from India
Walmart has sourced goods worth over USD 30 billion from the Indian market in the last two decades for its global operations, a company official said on Tuesday. Now the Bentonville-headquartered firm has a goal […]
11 Indian companies in top-500 globally by value
Mumbai (TIP): Total 11 private Indian firms have made it to the list of 500 most valuable companies across the world, and the country is ranked 10th on the chart, as per a report. The […]
Sun Mark holds annual Celebration & Awards Dinner at Gulfood 2018, Dubai
DUBAI (TIP): Sun Mark held its annual Celebration & Awards Dinner in Dubai during the Gulfood exhibition at the lavish Shangri-La Hotel on 19th February 2018. It was, as always, a glittering affair with esteemed […]