Business
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itel forays into open-earbuds category, launches Roar 75 with Titanium Body for Gen-Z at Rs 1,099
New Delhi: itel Mobile India has announced its entry into the open-earbuds category by launching ‘ROAR 75’ with Titanium Body at Rs 1,099. The unveiling of itel ROAR 75 Open-Ear Buds marks…
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Over 4.25 lakh tech employees lose jobs in last 2 yrs, 24 workers per hour
New Delhi: As generative AI threatens millions of jobs, tech companies globally are now sacking employees even in the holiday season (they had spared workers in 2021 and 2022 festive seasons amid…
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Apple’s Smart Watch Series 9 & Ultra 2 to go off shelves unless Biden intervenes
New York: Apple’s latest series of smart watches in Series 9 and Series Ultra 2 watches may have to go off the shelves of retailers and Apple stores unless US President Joe…
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Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power
Mumbai: The Adani Green Energy Ltd (AGEL) has executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a period of 25 years, an…
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Patent dispute: Apple Watch Series 9, Ultra 2 unavailable at its retail stores in US
San Francisco: Apple has halted sale of its Watch Series 9 and Ultra 2 sales at its retail stores in the US and when Apple Stores reopen after Christmas, these two Watches…
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Bitcoin miners see transaction revenue grow a massive 400% in 2023
New Delhi: The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year. The Bitcoin miners earned more…
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US clean tech unicorn Palmetto lays off employees in multiple job cuts
San Francisco: US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown. Some of the jobs eliminated include operations strategy managers, coordinators and warehouse managers, according to…
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InCred raises $60 mn, becomes India’s 2nd unicorn of 2023
New Delhi: Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors, the media reported on Monday. According to an…
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Paytm lays off employees as it implements AI-powered automation
New Delhi: Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports. A company spokesperson did not divulge the number of people affected,…
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India’s economic growth to boost demand of corporates: Fitch Ratings
Kolkata: Leading credit rating firm Fitch Ratings expects that India’s resilient economic growth will boost demand of the corporates. In its latest research report on ‘India Corporates: Sector Trends 2024’, Fitch said…
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Apple seeks $50 mn deals with news publishers to train its GenAI models: Report
San Francisco: Apple is in touch with some top news publishers to use their articles to help train its generative AI systems, the media reported. The tech giant is apparently discussing “multiyear…
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India may see 1 cr EV sales per year by 2030, says govt
New Delhi: The country may see 1 crore electric vehicle (EV) sales annually by 2030, generating nearly 5 crore jobs, Minister of Road Transport and Highways, Nitin Gadkari, has said. As per…
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ShareChat may raise up to $65 mn at $2.7 bn valuation: Report
New Delhi: Social media platform ShareChat is reportedly set to raise up to $65 million from existing investors. According to MoneyControl, the company is set to raise the money via convertible notes…
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Nifty midcap100 up 44%, smallcap100 surges 54%
New Delhi: Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while the Sensex crosses 71,000. Investor’s sentiments got a big boost in November…
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Broader market rally cannot continue for long, warn analysts
New Delhi: The concern in the market now is the excessive valuations in the mid and small-cap segments, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Retail exuberance and sustained…
