Business
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Dunzo to now pay salaries ‘batch-wise’ after several delays
Bengaluru: Homegrown quick-grocery delivery provider Dunzo, which has been delaying salaries for its employees after being unable to raise funds, has further delayed paying its staff and will now do it “batch-wise”.…
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SpiceJet’ Board grants approval for issuance of equity shares
New Delhi: Indian low-cost carrier SpiceJet Ltd said that its Board of Directors’ allotment committee, during its meeting held on Monday, has deliberated upon and granted approval for the issuance of equity…
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WhatsApp bans over 72L bad accounts in India in July
New Delhi: Meta-owned WhatsApp banned a record of over 72 lakh bad accounts in India in the month of July, in compliance with the new IT Rules 2021. Between July 1-31, “72,28,000…
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Meta purges over 21 mn bad pieces of content on FB, Insta in India in July
New Delhi: Meta said that it took down over 15.8 million pieces of content across 13 policies for Facebook and over 5.9 million pieces of content across 12 policies for Instagram in…
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Airtel to buy 23,000 MWh of renewable energy for 6 Nxtra data centres
New Delhi: Bharti Airtel on Monday announced it will purchase 23,000 MWh of renewable energy for its data centre company Nxtra by the fourth quarter (Q4) of FY23-24. With this addition, the…
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ChatGPT can help debunk myths on vaccine safety on social media: Study
London: Open AI’s ChatGPT may help to increase vaccine uptake by debunking myths on social media around jab safety, according to a study. Researchers from Instituto de Investigacion Sanitaria (IDIS)-Hospital Clinico Universitario…
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Flipkart to create over 1 lakh jobs in supply chain ahead of festive season
New Delhi: E-commerce major Flipkart on Monday said that it will generate over 1,00,000 direct and indirect jobs across its supply chain, including fulfilment centres, sortation centres, and delivery hubs, ahead of…
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Paytm Card Soundbox, India’s 1st with card payments feature, launched
New Delhi: Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, on Monday launched its latest innovation — Card Soundbox. With this, the company will…
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Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others
New Delhi: Retail giant Walmart has paid around $3.5 billion to acquire shares in e-commerce major Flipkart from non-controlling stakeholders, including co-founder Binny Bansal and top investment firms Tiger Global and Accel,…
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Amazon e-commerce business acquirer Benitago files for bankruptcy
San Francisco: Amazon e-commerce business acquirer Benitago Group has filed for bankruptcy in the US, listing both assets and liabilities ranging from $50 million to $100 million. Founded by Benedict Dohmen and…
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Pegasystems to lay off nearly 240 employees in 2nd job cut this year
San Francisco: Global software company Pegasystems is laying off 4 per cent of its workforce, or about 240 employees, in a second job cut this year. US-based Pegasystems (Pega) said in public…
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US economy added jobs at robust pace last month
Minneapolis: The US economy added 187,000 jobs in August, slightly more than expected, according to data released on Friday by the Bureau of Labor Statistics, a media report said. The monthly job…
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Retail inflation expected to start coming down from this month: RBI Governor
Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices…
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CCI grants approval for merger of Vistara and Air India
New Delhi: The Competition Commission of India (CCI) granted approval on Friday for the merger between Tata Group’s airlines – Vistara and Air India. This significant development opens the door for Air…
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Tesla cuts prices up to 19%, Model X now qualifies for US tax credit
San Francisco: Elon Musk-run Tesla on Friday reduced prices on the Model S and X electric vehicles, with price drops of up to 19 per cent in the US. People can buy…
