Business
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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…
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Govt grants LIC exemption from 25% public shareholding rule till 2032
New Delhi: Government-owned Life Insurance Corporation of India (LIC) said on Thursday that the Finance Ministry has granted it a one-time exemption from the minimum 25 per cent public shareholding rule. The…
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Zomato offers to acquire logistics platform Shiprocket for $2 bn: Report
New Delhi: Online food platform Zomato has made an offer to acquire homegrown logistics solution provider Shiprocket for close to $2 billion (more than Rs 16,600 crore), media reported on Thursday. Zomato…
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Rupee falls 9 paise to settle at 83.27 against US dollar
Mumbai: The rupee fell by 9 paise to settle at 83.27 against the US dollar on Thursday, December 21, as withdrawals of foreign funds amid concerns over global trade disruption through the…
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Apple Watch ban may cost firm $300 to $400 mn in sales: Report
San Francisco: Apple’s decision to stop selling two of the latest models of Apple Watches — Series 9 and Ultra 2 — in the US this week could cost the company hundreds…
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Saving Big: Paytm’s smart move with AI to spur profit surge
New Delhi: Fintech giant Paytm is leveraging artificial intelligence (AI) to revolutionise payments and financial services like wealth management, Paytm Founder and CEO Vijay Shekhar Sharma said in an interview with Bloomberg.…
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Apple loses bid to halt Watch sales ban in US
San Francisco: The US International Trade Commission (ITC) has denied Apple’s bid to delay an import and sales ban on the Watch Series 9 and Watch Ultra 2 amid a patent dispute.…
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realme C67 5G sets new benchmark with highest offline sales in C Series
New Delhi: realme’s unwavering commitment to making 5G technology accessible to all, particularly the tech-enthusiast younger generation, has propelled the consistent growth of its 5G product range. As a frontrunner in popularising…
