The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," Fed Chair Jerome Powell said on Wednesday, while cautioning the fight against inflation was far from over and that key questions remain unanswered, including how high rates will ultimately need to rise and for how long.
IT major Tata Consultancy Services on Wednesday said that it has bagged a deal from Rail Delivery Group to design, develop, implement, and operate the UK's Rail Data Marketplace.
Pakistan and the IMF have begun talks online on a ninth review of a $7 billion loan programme, the Finance Ministry said on Monday, after a media outlet reported that the lender had asked the country to cut its expenses.
Tata Group-owned Air India has mandated UK-based remarketing firm Skytech-AIC for the sale of its four Boeing 747-400 jumbo planes. These aircraft were deregistered by the Directorate General of Civil Aviation earlier this year. The aircraft, which are Pratt & Whitney 4056-powered and were built between 1993 and 1996, are offered for immediate delivery
The billionaire said in a follow-up email, "I would appreciate it if you could fly to SF to be present in person," adding that he would be at Twitter's San Francisco headquarters until midnight and would return Saturday morning.
Twitter rolled out a new “official” badge for high-profile accounts and then just as quickly scrapped the program, with Elon Musk saying the company would do further experiments under his ownership.“Please note that Twitter will do lots of dumb things in coming months,” he tweeted after saying that he had killed the program. “We will keep what works & change what doesn’t.”
Digital financial services firm One97 Communications, which owns Paytm brand, on Monday reported widening of consolidated loss to Rs 593.9 crore in the second quarter ended September 30, 2022. The company had posted a loss of Rs 481 crore in the same period a year ago, Paytm said in its regulatory filing.
TVS Motor Company’s net profit jumped nearly 47% in the second quarter at around Rs 407.5 crore from Rs 277.6 crore in the year-ago period. The Q2 figures are up 27% quarter on quarter compared to the Rs 320.5 crore clocked in Q1FY23.
The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the "cumulative tightening of monetary policy" it has enacted so far.
In a post on the platform he now owns, Musk asserted that "Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit," declaring "Power to the people! Blue for $8/month." The price will be adjusted by country proportionate to purchasing power parity, he added.
The government on Tuesday cut the windfall tax on domestically produced crude oil while increasing the rate on export of diesel and jet fuel (ATF) in line with rise in international oil prices. The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC), was cut to Rs 9,500 per tonne from Rs 11,000, beginning November 2, a government notification showed.
