Uber unveils IPO with warning it may never make a profit

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday...

Egypt to slash fuel subsidies as it nears end of IMF...

Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the...

After ADB and RBI, now IMF cuts India’s growth forecast

The International Monetary Fund (IMF) has cut India’s growth forecast for the current fiscal, following similar action by the Asian Development Bank (ADB) and...

India highest recipient of remittances at $79 billion in 2018: World...

India retained its position as the world’s top recipient of remittances with its diaspora sending a whopping USD 79 billion back home in 2018,...

RBI rate cut impact on your money

Last week, when the Reserve Bank of India (RBI) cut repo rate – the rate at which the central bank lends to commercial banks –...

Boeing to cut 737 Max production rate by 10 planes per...

Boeing Co said on Friday it plans to cut its monthly 737 aircraft production by nearly 20 percent in the wake of two deadly...

Fitch affirms India’s rating at ‘BBB-’ with stable outlook for 13th...

Fitch Thursday retained India’s sovereign rating at ‘BBB-’, the lowest investment grade, with stable outlook, saying a weak fiscal position continues to constrain its...

Jet Airways defers March salary payment to its 16,000 employees

Cash-starved Jet Airways Wednesday deferred the March salary payment to its employees, citing “complexities” involved in the finalisation of the debt-recast plan, under which...

SC order quashing RBI circular to give relief to power companies...

The Supreme Court order quashing a Reserve Bank of India circular on resolving bad debt will provide relief to power companies and lenders as...

UK’s exports to India register fastest increase among non-EU partners

The United Kingdom’s exports to India registered the fastest increase among trading partners outside the European Union in 2018, official figures released on Monday...

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