Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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India witnessed over 30 pc rise in diversity hiring over the past 5 years: Data
New Delhi: Despite ongoing macroeconomic challenges, India is setting a new precedent with Diversity, Equity, and Inclusion (DE&I) hiring (LGBTQIA+, women, and persons with disabilities), as the country witnessed 30 to 35…
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Sensex, Nifty trade lower on weak global cues
Mumbai: Indian frontline indices, Sensex and Nifty were trading in the red on Friday following weak global cues. At 9.40 a.m., Sensex was down 196 points or 0.26 per cent at 76,614…
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Indian corporates’ large capex to need offshore funding amid steady economic growth
New Delhi: Indian corporates’ large capex will need to rely on offshore funding despite improving domestic liquidity and companies’ earnings growth, a new report showed on Wednesday. As per Moody’s report, capacity…
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Coupang fined $12.4 million for alleged manipulation of search algorithm
Seoul: The antitrust regulator said on Thursday it has decided to fine e-commerce giant Coupang 140 billion won ($12.44 million) for using unfair search algorithms and uploading false product reviews to boost…
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Samsung to provide comprehensive AI solutions for foundry biz
Seoul: Samsung Electronics said on Thursday it will provide comprehensive “one-stop” artificial intelligence (AI) solutions for its foundry customers, with a focus on up-to-date technologies for high-performance, low-power AI chips. “At a…
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Zepto set to raise $650 million at $3.5 billion valuation
New Delhi: Quick grocery delivery platform Zepto is geared up to raise nearly $650 million from existing and new investors. According to sources, the funding will take Blinkit closest rival’s valuation to…
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38 pc IT professionals ranked data quality as key barrier to AI adoption: Report
New Delhi: About 38 per cent of IT professionals, who have trust in the quality of data and training used in artificial intelligence (AI) technologies, ranked data quality as a major barrier…
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Sensex trades higher as inflation cools
Mumbai: Indian equity benchmarks opened in green on Thursday after retail inflation declined in May. The government data showed India’s CPI (Consumer Price Index) easing to 4.75 per cent in May 2024,…
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India’s industrial output growth slips to 3-month low of 5 pc in April: Report
New Delhi: India’s industrial production growth slipped to a 3-month low of 5 percent in April 2024, mainly due to poor performance by the manufacturing sector, though mining and power segments performed…
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EV sales up by 40 pc to 1.75 million units in FY2024 in India
New Delhi: India’s Electric Vehicle (EV) sales soared to 17,52,406 units in FY 2023-24 with a growth of 40.31 per cent on a Year-on-Year (YoY) basis. According to a report by JMK…
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Govt to ensure ease of living for all citizens: Nirmala Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the government is fully committed to ensuring ‘ease of living’ for its citizens and will continue to take further steps in this regard,…
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Sensex jumps 349 points as HCL Tech and Tata Motors top gainers
Mumbai: Indian equity indices opened in green on Wednesday amid broad-based buying. At 9:40 a.m., Sensex was at 76,806, up 349 points or 0.46 percent, and Nifty was up 109 points or…
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Elon Musk’s X begins hiding all likes for users
New Delhi: Elon Musk on Wednesday confirmed the roll out of a new feature that will hide all likes by default for X users. X is rolling out “private likes” which will…
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General insurance companies can’t reject claims for want of documents: Irdai
New Delhi: General insurance companies cannot reject claims for want of documents, the Insurance Regulatory and Development Authority of India (Irdai) said on Tuesday. The master circular is part of reforms in…
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India offers strongest employment outlook in Asia Pacific in Q3: Report
New Delhi: India has offered the strongest employment outlook in Asia Pacific (APAC) at over 30 per cent in the third quarter (Q3) of 2024, a new report showed on Tuesday. According…
