Business
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India’s forex reserves rise to 4-month high of $606.9bn
Mumbai: India’s foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday. The increase…
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E-com player Temu sues Shein for ‘Mafia-style’ intimidation of merchants
San Francisco: Growing e-commerce marketplace Temu has sued its rival Shein, alleging that the online shopping giant is using “Mafia-style” intimidation tactics on merchants. In the lawsuit filed in the US, Temu…
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Samsung introduces new PC series ‘Galaxy Book4’ powered by AI
New Delhi: Samsung on Friday introduced its new PC series “Galaxy Book4” powered by artificial intelligence (AI), which includes — Book4 Ultra, Book4 Pro and Book4 Pro 360. The latest series will…
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Hero MotoCorp acquires extra 3% stake in Ather Energy for Rs 140 cr
New Delhi: Hero MotoCorp has acquired an additional 3 per cent stake in electric vehicle manufacturer Ather Energy for nearly Rs 140 crore. Hero MotoCorp made the investment through the purchase of…
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E-commerce & fintech firm Bolt lays off 29% of staff
San Francisco: US-based e-commerce and fintech company Bolt has confirmed it laid off 29 per cent of its staff. According to a Bolt spokesperson, the company made the cuts to get Bolt…
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Adani Group to invest Rs 8,700 crore in Bihar
Patna: The Adani Group will invest Rs 8,700 crore in Bihar, a senior official of the company said during the Bihar Business Connect-2023, a two-day global investors summit that concluded on Thursday.…
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Lenovo invests $1bn to boost AI infrastructure solutions
New Delhi: Consumer electronics major Lenovo on Thursday announced that it has invested $1 billion to accelerate artificial intelligence (AI) infrastructure solutions and launched new hybrid cloud platforms and services. Lenovo unveiled…
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WPI inflation spikes to 8-month high of 0.26 pc in Nov on costlier veggies, onion
New Delhi: Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables. The WPI inflation was…
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Narayana Murthy’s new deepfake video promises people can earn Rs 2.5L in 1 day
New Delhi: Infosys founder Narayana Murthy’s two new deepfake videos, which are being shared on social media, purportedly promoting a so-called investing platform “Quantum AI”, claiming that the user of this new…
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Sensex zooms past 70k after US Fed’s dovish message
New Delhi: The clear dovish message from the US Federal Reserve has set the stage for a smart Santa Claus rally in the coming days, and this can even trigger a pre-election…
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Apple will need court order from govts to give phone push notifications
San Francisco: Apple will now require law enforcement agencies to obtain a court order before it hands over details of customers’ push notifications. Apple has updated its guidelines for law enforcement agencies,…
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Foxconn gets approval to invest $1 bn more in Apple India plant: Report
New Delhi: Taiwanese contract manufacturer Foxconn has received approval to invest at least $1 billion more in a plant in India that will manufacture Apple products, a significant step towards its aim…
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42% Indian firms aim to spend over Rs 50cr on AI initiatives in FY25: Report
New Delhi: As Indian enterprises are substantially increasing their investments in artificial intelligence (AI), a new report on Wednesday said that about 42 per cent of enterprises plan to spend more than…
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Zerodha CEO Nithin Kamath shares own deepfake video, warns about AI threats
New Delhi: Zerodha Co-founder and CEO Nithin Kamath on Wednesday posted a video showing his own deepfake which was convincing enough to fool users into believing it was Kamath himself. He said…
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Crypto exchange HTX loses $258mn in withdrawals
New Delhi: Leading crypto exchange HTX has witnessed a net outflow of $258 million after a $30 million hack in November, the media reported. As per DefiLlama data, crypto users withdrew assets…
