Business
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Kunal Shah’s CRED acquires wealth management platform Kuvera
New Delhi: Credit Card bill payment leader CRED on Tuesday announced the acquisition of the online wealth management platform Kuvera in an effort to take on the likes of Zerodha and Groww.…
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India smartphone market grows 19% in Q4 2023, 5G share up 65%
New Delhi: India smartphone market grew 19 per cent (year-on-year) in the holiday quarter (Q4) of 2023, as Xiaomi led the overall smartphone market followed by Samsung, a report showed on Tuesday.…
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Rupee turns flat at 83.03 against US dollar in early trade
Mumbai, Feb 6 (PTI) The rupee stayed flat at 83.03 against the US dollar in early trade on Tuesday amid volatile crude oil prices in the overseas market. The Indian currency, however, found…
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Paytm working with other banks to continue UPI services on app
New Delhi: UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the…
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Deepfake video meeting with fake CFO costs company $25.6 mn
Hong Kong: A deepfake video conference call where a digitally recreated avatar of the chief financial officer (CFO) ordered money transfers has cost a multinational company $25.6 million in a first-such scam.…
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Facebook turns 20, Instagram tells Zuckerberg ‘love you dad’
New Delhi: Facebook has turned 20, after Mark Zuckerberg launched the site in 2004 which rapidly became the most loved social networking platform in the years to come. On Instagram, Zuckerberg shared…
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Neobanking startup Muvin winds up operations: Report
New Delhi: Neobanking startup Muvin has reportedly shut down its operations, as per a Reserve Bank of India (RBI)’s directive to stop using Unified Payments Interface (UPI) in a co-branding arrangement. A…
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Yogi govt tables its largest budget at Rs 7.36 lakh cr
Lucknow: The Yogi Adityanath government on Monday presented the budget for financial year 2024-25 in the Uttar Pradesh assembly with an outlay of Rs 7.36 lakh crore, higher from current fiscal’s budget…
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PSU stocks dominate sectoral gains
New Delhi: PSU stocks are among the top gainers in trade led by oil and gas and insurance stocks. The PSU index is up more than 3 percent on Monday. SJVN is…
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RBI likely to continue status-quo on short-term lending rate, say experts
Mumbai: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending…
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Markets expect RBI to maintain status quo in policy meeting
New Delhi: Domestic markets will focus on the RBI policy meeting in the coming week. With the US Fed and Interim Budget now behind, all eyes will be on RBI’s policy meeting.…
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Adani’s USD 1.2 bn copper plant to boost India’s metal production
New Delhi: Billionaire Gautam Adani-led group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India’s dependence on imports and aid energy transition, sources…
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Money laundering concerns and KYC non-compliance led to ban on Paytm Bank by RBI
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down on…
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Here are reasons behind RBI’s clampdown on Paytm payments bank
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down…
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Zuckerberg fifth richest person in the world following surge in Meta share price
New York: Meta Platforms CEO Mark Zuckerberg is now the fifth richest person in the world following a surge in Meta’s share price that has seen his net worth increase more than…
