Business
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Apple, Amazon fined $218 mn in Spain for restricting competition
London: Amazon and Apple have been fined a total of $218 million in Spain for allegedly restricting competition around the reselling and marketing of Apple products on the e-commerce giant’s e-commerce marketplace…
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Telegram raises $210 mn via bond sales amid funding crunch
New Delhi: Encrypted messaging platform Telegram has raised $210 million from several investors via bond sales. The investors include its founder and CEO, Pavel Durov. The fund raise comes as Telegram is…
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Twitter rival Bluesky faces backlash for allowing usernames with racial slurs
San Francisco: Twitter co-founder Jack Dorsey-backed Bluesky has come under fire for removing numerous racist, ableist, and transphobic slurs from its list of flagged words in a controversial update last week. According…
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India’s entertainment & media industry to reach $73.6 bn by 2027: Report
New Delhi: Driven by a surge in OTT platforms, India’s entertainment and media industry is expected to reach Rs 6,828,944 crore ($73.6 billion) by 2027, growing at a 9.48 per cnet CAGR,…
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Indian startups faced 70% drop in funding in FY23 to $15 bn
New Delhi: While the Indian startup ecosystem experienced a sharp funding peak during FY22 reaching $50 billion, a gradual onset of the funding winter over the subsequent quarters led to a 70…
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Tesla directors to return $735 mn to company as they ‘overpaid themselves’
San Francisco: Elon Musk-run Tesla’s directors will pay $735 million back to the electric car-maker to settle claims from shareholders that they “excessively overpaid themselves”. Musk himself is under scrutiny for his…
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Start-up CEO shocked to receive over 3K resumes in 48 hrs in Bangalore
New Delhi: A Bengaluru-based tech startup founder and CEO took to Twitter to express his shock and wonder after receiving over 3,000 resumes in 48 hours for job postings on the company’s…
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Indian researchers remove 3K malicious content targeting firms across sectors
New Delhi: A team of researchers has removed more than 3,000 malicious contents, including fake domains, fake apps, and more, hosted publicly over the internet and targeting organisations across various sectors in…
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Swiggy launches unique tool for restaurants to expand outlets, 100 onboard
New Delhi: Online food delivery platform Swiggy on Monday unveiled a new tool “Network Expansion Insights”, aimed at empowering partner restaurants to make informed decisions for their network expansion. Restaurants can now…
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Crypto, blockchain sector saw $2.32 bn investment in Q2, lowest since Q4 2020: Report
San Francisco: The crypto and blockchain sector witnessed an investment of $2.32 billion in Q2 2023, marking a new cycle low and the lowest since Q4 2020, continuing a downtrend that began…
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File tax returns as July 31 deadline won’t be extended: Centre
New Delhi: The government has urged taxpayers to file their income tax returns before July 31, 2023, to avoid the last minute rush, as there is no possibility of any extension of…
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Threads reaches 150 mn sign-ups despite usage drop
San Francisco: Meta’s Twitter rival Threads has crossed 150 million user sign-ups despite a usage drop. Meta launched Threads on July 5 for iOS and Android users in 100 countries, and it…
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2nd gen Apple Watch Ultra may launch this year with 3D-printed parts: Report
San Francisco: The second-generation Apple Watch Ultra will reportedly launch later this year and feature 3D-printed mechanical parts. According to the latest survey by Apple analyst Ming-Chi Kuo, the tech giant is…