Business
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SpaceX aims for 12 launches a month as it eyes satellite-based phone service
San Francisco: Elon Musk-run aerospace company SpaceX aims for 12 launches per month, or one launch in less than three days, the media reported. A company official told ArsTechnica that it is…
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Turbulence, controversies dog Elon Musk’s 1st year as X owner
San Francisco: Elon Musk acquired Twitter for $44 billion in October last year after a months-long tumultuous phase. One year on, controversies associated with the platform (now called X), amid the non-stop…
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Malvertisers targeting users searching for popular software via Google Ads: Report
New Delhi: A malvertising campaign has emerged that takes advantage of Google Ads to direct users searching for popular software to fictitious landing pages and distribute next-stage payloads, a new report has…
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Vietnam-based hackers target India, US & UK with potential malware: Report
New Delhi: Vietnam-based cybercrime groups are targeting digital marketing firms based in India, the US and the UK by hijacking Facebook business accounts in a malicious campaign, a new report has found.…
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‘US Fed will have to hold interest rates static to stabilise consumer prices’
New York: The US Federal Reserve may have to hold back interest rate hike for some time now as its 19 months of historic hikes to tamp down on inflation is driving…
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Global IT spending projected to cross $5 trillion in 2024
New Delhi: Global IT spending is projected to reach $5.1 trillion in 2024, an increase of 8 per cent from 2023, according to a new report. While generative AI (GenAI) has not…
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Hackers stole customer access tokens from Okta’s support unit, admits firm
San Francisco: Identity and access company Okta has identified “adversarial activity” that leveraged access to a stolen credential to access Okta’s support case management system. The threat actor was able to view…
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Samsung leads India smartphone market in Q3 with 18% share
New Delhi: Samsung maintained its top position in the India smartphone market in the third quarter (Q3) with a market share of 18 per cent and a shipment of 7.9 million units,…
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Elon Musk’s X loses over half a billion user visits last month
New Delhi: X Corp (Formerly Twitter) lost over half a billion user visits last month, and the Elon Musk-run platform has now dropped to seventh place on the global ranking, behind Instagram.…
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FPIs continue selling spree in October
New Delhi: FPIs continued their selling spree in October with a sell figure of Rs 12146 crore through the 20 and the selling in the cash market was higher at Rs 16176…
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Adani Cement refinances $3.5 bn from 10 international banks
Mauritius: Adani Cement, through Endeavour Trade and Investment Ltd, has announced the successful completion of its refinancing program for acquisition debt taken for Ambuja and ACC, through a $3,500 million financing package,…
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Paytm narrows loss to Rs 292 crore in Jul-Sept quarter
New Delhi: Fintech company One97 Communications, which operates under the Paytm brand, on Friday reported a narrowing of consolidated loss to Rs 291.7 crore in the second quarter ended September 30, 2023.…
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Softbank sells 1.09 pc stake in Zomato worth Rs 1,040 crore
New Delhi: Japanese conglomerate Softbank on Friday divested a 1.09 per cent stake in online food delivery platform Zomato for Rs 1,040 crore through an open market transaction. Softbank through its affiliate…
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Toyota, Lexus adopt Tesla’s EV charging standard
San Francisco: Japanese automotive giant Toyota has reached an agreement with Elon Musk-run Tesla to adopt the North American Charging Standard (NACS) on its battery electric vehicles (BEVs) beginning in 2025. Several…
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E-com platforms log Rs 47K cr worth GMV in 1st week of India festive sales
Bengaluru: E-commerce platforms in India clocked a gross merchandise value (GMV) of Rs 47,000 crore in the first week of the festive sale season, growing at 19 per cent from the same…
