Business
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Pakistan tops as world’s best performing stock market
Karachi: The Pakistan Stock Exchange (PSX) experienced an impressive rally for the second consecutive week after Eid, earning the title of the “world’s best performing market” on a weekly basis, according to…
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New OLED iPad Pro models to enter mass production in Q1 2024
San Francisco: The new 11-inch and 13-inch iPad Pro models, the first in the Apple iPad series to use OLED displays, will go into mass production in the first quarter of 2024,…
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Coverage and affordability issues delay 5G adoption in India
New Delhi: Although 5G services were introduced in India in October, 2022, they are still not widely available across the country, resulting in patchy network coverage, a report has said. Also, a…
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OYO to add 500 new hotels in Cricket World Cup 2023 host cities
OYO is set to add 500 new hotels in cities hosting the Cricket World Cup 2023, as customer demand mounts, ahead of the fast-approaching marquee tournament. According to a PTI report, the…
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No trace of Parag Agrawal, Vijaya Gadde amid Twitter-Threads drama
New Delhi: While former Twitter Co-founder Jack Dorsey came out in support of his platform, calling Meta’s Threads a ‘Twitter clone’, there is no sight of former Indian-origin Twitter CEO Parag Agrawal…
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Pakistan assures IMF of USD 8 billion external payments: Report
Islamabad: Cash-strapped Pakistan has provided the IMF with a financing plan for external payments, in which it has informed the global lender that it will arrange USD 8 billion for the purpose instead…
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Global public cloud revenue crosses $500 bn, Microsoft leads
New Delhi: Led by Microsoft, global revenue for the public cloud services market reached $545.8 billion last year, an increase of 22.9 per cent over 2021, according to a new report. Top…
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Twitter sues top law firm that received $90 mn in Musk deal
San Francisco: Twitter has sued a law firm that represented the micro-blogging platform as Elon Musk tried to back out of his deal to buy the platform for $44 billion. Twitter’s previous…
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BSNL to monetise land parcels in Tamil Nadu, Puducherry
Chennai: Government-owned telecom player Bharat Sanchar Nigam Ltd (BSNL) has decided to monetise its land parcels located in prime localities here and in other places in Tamil Nadu and Puducherry. The BSNL…
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Forex reserves rise by USD 1.85 billion to USD 595.05 billion
Mumbai: India’s foreign exchange reserves rose by USD 1.853 billion to USD 595.051 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve…
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YouTuber MrBeast becomes first to get 1 mn followers on Threads
San Francisco: American YouTuber Jimmy Donaldson aka ‘MrBeast’ has become the first person to hit one million followers on Threads, Meta’s Twitter rival. just hours after launch. The 25-year-old YouTuber hit a…
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Global foldable shipments grow 64% to reach 2.5 mn units
New Delhi: The global foldable smartphone market increased 64 per cent (on-year) in the first quarter (Q1) this year, based on sell-in volume, to reach 2.5 million units, a report showed on…
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Flipkart, Axis Bank join hands to facilitate personal loans for customers
New Delhi: E-commerce major Flipkart on Friday announced that it entered into a strategic partnership with Axis Bank to facilitate personal loans for its valued customers, adding additional convenience and enhanced benefits…
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Samsung’s Q2 profit down nearly 96% to hit 14-year low
Seoul: Samsung Electronics on Friday said its second-quarter operating profit likely plunged about 96 per cent from a year earlier, as a chip oversupply and slow demand persisted. The world’s largest memory…