Business
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Saudi Arabia offers 30-yr tax cuts woo regional HQs to Riyadh
Riyadh: The Kingdom of Saudi Arabia (KSA) has announced a 30-year tax-relief package for foreign companies that establish their regional headquarters in its capital city Riyadh. The decision was taken in coordination…
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Karnataka govt invites startups to provide tech solutions
Bengaluru: The Karnataka government on Wednesday invited startups to provide tech products and solutions for the government departments. “In tune with its policy to create innovation and collaboration opportunities for startups, the…
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Mahindra to hike vehicle prices from next month
New Delhi: Home-grown auto major Mahindra & Mahindra on Wednesday said it will increase the prices of its passenger and commercial vehicles from next month. The company said it was raising prices…
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Apple informs component suppliers to source iPhone 16 batteries from India: Report
New Delhi: In an effort to diversify its global supply chain and move manufacturing out of China, Apple has informed its component suppliers of its preference to source batteries for the upcoming…
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Tesla’s self-driving tech not safe for public roads: Ex-employee
London: As Elon Musk vouches for self-driving technology in his electric cars, a former Tesla employee has reportedly said the electric car-maker’s self-driving tech powered by AI is not safe to be…
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Xiaomi launches Redmi 13C Series with 50MP AI dual camera in India
New Delhi: Global technology brand Xiaomi on Wednesday launched the Redmi 13C Series with a 50MP AI dual camera in India. Available in three colour options — Startrail Silver, Startrail Green, and…
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Paytm expands credit distribution business, extends higher ticket loans to consumers, merchants
New Delhi: Paytm, India’s leading mobile payments and financial services distribution company, on Wednesday said it will expand its credit distribution business in partnership with large banks and NBFCs by offering higher…
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Nifty headed towards 21K, Sensex towards 70,000
New Delhi: Even though the undertone is bullish, the market is likely to consolidate in the near-term since up moves will be countered with profit booking by DIIs and individual investors who…
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Adani may soon replace Mukesh Ambani as India’s richest person
Founder and chairman of Adani Group, Gautam Adani, may soon replace Reliance Industries Limited (RIL) chairman Mukesh Ambani as the richest person in India. Currently, Adani’s net worth is USD 75.8 billion,…
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BookMyShow posts bumper profit of Rs 85cr in FY23
New Delhi: BookMyShow saw its revenue from operations surged 3.5 times to Rs 976 crore in FY23, from Rs 277 crore in FY22. According its consolidated financial statement filed in the Registrar…
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Mark Zuckerberg sells nearly USD190 mn in Meta’s shares
San Francisco: Meta Founder and CEO Mark Zuckerberg sold around USD190 million in the company’s stock last month, the media reported. Zuckerberg sold Meta shares every day in November, for a total…
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NSDC joins hands with Blinkit, Apna, Quess Corp to boost employment
New Delhi: The National Skill Development Corporation (NSDC), working under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE), on Monday announced that it has signed Memorandum of Understanding (MOUs)…
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SolarWinds India appoints Abhijit Banerjee as Managing Director
New Delhi: IT management software provider SolarWinds on Monday said it has appointed Abhijit Banerjee as managing director of its India operations, including the SAARC region (Bangladesh, Bhutan, Maldives, Nepal, and Sri…
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76% of Indian IT leaders struggle to drive business priorities with data: Report
New Delhi: About 76 per cent of Indian analytics and IT leaders have said they struggle to drive business priorities with data, a new report showed on Monday. According to the enterprise…
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Spotify announces to cut 17 per cent of jobs, third round of layoffs this year
New Delhi: Music streaming giant Spotify on Monday announced to eliminate about 17 per cent of its workforce across the company as it looks to become “both productive and efficient”. Spotify founder…
