Business
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Indian tech startups receive $1.6 bn in funding in Q1 2024; retail, fintech lead
New Delhi: The Indian tech startup ecosystem received $1.6 billion in total funding in the first quarter this year (till March 15), becoming the fourth-highest nation globally in terms of funding raised…
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63 pc of Indian enterprises believe Gen AI is important for sustainability efforts: Study
Bengaluru: About 63 per cent of Indian enterprises believe that generative AI will be important for their efforts towards sustainability, according to a new study on Tuesday. The global study conducted by…
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We’re leading energy transition for generations to come: Gautam Adani
New Delhi: It is our duty to take care of our planet – not only for this generation and the next but also for generations to come – and Adani Green Energy…
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Market likely to consolidate amid lack of triggers
New Delhi: BSE Sensex is down more than 200 points in Tuesday morning trade amid consolidation moves. Sensex is trading at 72,558.11 points, down 273.83 points. Powergrid, Tech Mahindra, Maruti are down…
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Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has acquired 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited (OSL)…
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Rupee recovers from all-time low level; rises 29 paise to 83.32/USD
Mumbai: The rupee recovered from its all-time low level and appreciated 29 paise to 83.32 against the US dollar in early trade on Tuesday. At the interbank foreign exchange, the domestic currency…
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S. Korea’s antitrust regulator to launch e-commerce market study
Seoul: South Korea’s antitrust regulator, on Monday, said that it will launch a study into the e-commerce sector to analyse the market structure and check competition issues as part of efforts to…
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India’s Voltech Group seeks to expand in nuclear sector
Sochi (Russia): The Rs 1,000 crore Voltech Group, which is majorly into testing, commissioning, and maintenance of electrical systems in power and other plants, is looking to expand into the nuclear field…
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SEBI directive to mutual funds on overseas stocks stirs debate on investment limit
New Delhi: Sebi’s directive to mutual fund schemes with investments in ETFs listed on foreign exchanges comes as the Mutual Fund industry reaches close to the investment limit of $1 billion set…
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Stability AI founder steps down to pursue ‘decentralised AI’
San Francisco: Stability AI Founder and CEO, Emad Mostaque, has resigned from his role to pursue ‘decentralised artificial intelligence (AI)’. Backed by investors like Lightspeed Venture Partners and Coatue Management, Stability AI…
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Elon Musk thought that OpenAI would fail: Sam Altman
San Francisco: OpenAI’s CEO Sam Altman has said that Tesla and SpaceX CEO Elon Musk thought that the ChatGPT-maker company would fail and “he chose to part ways”. In an interview with…
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Over $447 million in funding raised by 22 Indian startups last week
New Delhi: The Indian startups continued to raise funds at a normal pace, and last week, 22 startups secured over $447 million in the country. This included nine growth-stage deals and 11…
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Congress slams PM over fall of rupee against US dollar
New Delhi: The Congress on Sunday targeted Prime Minister Narendra Modi on the issue of falling value of the Indian rupee against the US dollar, and sought answers from him. Congress general…
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Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs
New Delhi: Maruti Suzuki India on Saturday announced it has invested in Amlgo Labs Private Limited, an Artificial Intelligence and Machine Learning (AI-ML)-led startup. With an investment of over Rs 1.99 crore,…
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UK regulator to launch in-depth probe into $19 bn Vodafone-Three UK merger
London: The Competition and Markets Authority (CMA) in the UK on Friday confirmed that it is launching an in-depth investigation into the proposed $19 billion merger between Vodafone and Three UK, saying…
