Business
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Equity market awaits US Fed meet for fresh cues: Swastika Investmart
New Delhi: The equity market is likely to kick off next week on a sombre note after a sharp fall in the US market overnight and the focus will shift to the…
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Tesla, key chip makers resume production in Covid-hit Shanghai
Beijing: Key enterprises like SAIC Motor, US electric carmaker Tesla and semiconductor makers like SMIC and Hua Hong Semiconductor have resumed 80-90 percent of their production in Shanghai which is under Covid…
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Global smartphone market shrinks 11% in Q1, China badly hit
Bengaluru: Global smartphone shipments reached 311.2 million units in Q1 2022, down 11 per cent (year-on-year), and Chinese vendors were badly hit, according to a new report. The Chinese market caused nearly…
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Wipro’s net income rises 4% to Rs 30.9 bn in Q4
Bengaluru, April 29 (IANS) IT major Wipro announced its financial results for the fourth quarter of FY22 ended March 31 on Saturday. According to an official statement issued by the company, its gross…
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Tata Motors’ electric car ‘Avinya’ promises 500 kms in 30-min recharge
New Delhi: Taking a giant stride towards the future of mobility, Tata Motors on Friday showcased a pure electric SUV concept car titled ‘Avinya’ that claims to run for 500 kms in…
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Musk sells Tesla stock worth $4 bn amid Twitter takeover
San Francisco: Tesla CEO Elon Musk has sold around 4.4 million shares of the company worth around $4 billion, as he prepares to take over Twitter for nearly $44 billion. The money…
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Equities keep early gains intact, settle in green
New Delhi: Keeping the morning session gains intact, the Indian equity benchmarks settled Thursday’s trade on a positive note. On Thursday, Sensex settled at 57,521 points, up 702 points or 1.2 per…
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Asia’s oil demand revival bears brunt of China’s endless lockdowns
New Delhi: Asia’s oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months back, as China’s strict lockdowns aimed at battling the resurgence of…
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Zuckerberg bets big on short-video app Reels, metaverse
San Francisco: Betting big on metaverse and its short-video platform Reels, Mark Zuckerberg, Meta Founder and CEO, has taken a deep dive into his next investment priorities that will drive the growth…
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WhatsApp giving cashback for making digital payments in India
New Delhi: Meta-owned WhatsApp has confirmed that it is running a cash-back campaign in India to drive more users on its digital payments service. The company is giving away Rs 11 cashback…
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Global PC shipments down 4.3% in Q1 amid chip shortage
New Delhi: Global PC shipments fell 4.3 per cent (on-year) in the March quarter this year to reach 78.7 million units, a new report showed on Thursday. The Covid-19 lockdowns in China,…
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Investors likely to lose up to $545 mn worth Bitcoin in 2022
New Delhi: Bitcoin investors are likely to lose up to $545 million this year, owing to various reasons like forgetting passwords to their wallets or making a mistake in recording their “seed…
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Telangana all set to get biggest e-bus plant so far
Hyderabad: Olectra Greentech Limited, an electric bus (e-bus) manufacturer is all set to mark their presence in Telangana’s growing Electronic Vehicle (EV) industry. The company is set to establish the biggest e-bus…
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Jack Dorsey to take home nearly $1 bn once Musk’s Twitter deal closes
New Delhi: Jack Dorsey is set to take home a hefty amount of $978 million in cash once the Elon Musk’s Twitter takeover deal gets through. Dorsey holds 2.4 per cent or…
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150 mn people across 40 countries using Google Pay: Sundar Pichai
New Delhi: Hailing the India digital payments growth story, Alphabet and Google CEO Sundar Pichai has said that the company’s payments strategy is very similar to the strategy it has for commerce…
