Business
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Ola’s S1 Pro electric scooter gets PLI certification to boost green mobility
Bengaluru: Ola Electric’s S1 Pro electric scooter has received the domestic value addition (DVA) certification under the production-linked incentive (PLI) scheme for the automobile and auto component industry, the Centre said on…
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RBI restricts IIFL finance from gold loans due to supervisory concerns
Mumbai: The Reserve Bank of India on Monday, March 4 barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its gold…
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India okays rice exports to Africa in outreach to Global South
New Delhi: The government has, as part of India’s outreach to the Global South, allowed the exports of 1,10,000 tonnes of rice to three African countries to help them meet their food…
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Moody’s raises India’s 2024 growth forecast to 6.8 pc
New Delhi: Global rating agency Moody’s on Monday raised India’s growth forecast for 2024 calendar year to 6.8 percent, from 6.1 percent estimated earlier, on the back of ‘stronger-than-expected’ economic data of…
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Demand for key minerals to soar with growth of EVs
Seoul: South Korea’s demand for key minerals is expected to see 19-fold jump from 2021 to 2040 due to expansion in the electric car and wind power industries, a report showed on…
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Corrections in mid and small cap stocks are underway, say analysts
New Delhi: Corrections in mid and small caps are underway and expected to continue, with regulators urging disclosure of associated risks to AMCs, says Vinod Nair, Head of Research, Geojit Financial Services.…
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Flipkart launches its UPI handle to boost India’s digital economy vision
Bengaluru: E-commerce marketplace Flipkart on Sunday launched its Unified Payments Interface (UPI) handle to further enhance its digital payment offerings for all customers, including its 500+ million customers. With Flipkart UPI, users…
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Hyundai Motor’s sales up 6 pc in US due to hybrids, EVs
Seoul: South Korea’s top automaker Hyundai Motor said on Saturday that it recorded a 6 percent increase in its sales in the United States last month. It sold a total of 60,341…
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Tackling phobias to anxiety: Experts reveal 5 health benefits of VR headsets
New Delhi: Virtual reality (VR) headsets such as the Apple Vision Pro bring a whole new meaning to the phrase ‘glued to the screen’, but these devices can also play a role…
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India will be fabricating 300 crore semiconductor chips in a year: IT Minister
New Delhi: The country will not only meet its demand for semiconductors by 2029 but also start exporting them, while fabricating “300 crore semiconductor chips in a year”, Union Electronics and IT…
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‘Anytime’: Sam Altman responds to old X thread after Elon Musk sues OpenAI
New Delhi: OpenAI CEO Sam Altman has responded to an old X thread of a brief conversation he had with Elon Musk after the tech billionaire sued the ChatGPT maker, alleging that…
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Nothing to manufacture its Phone (2a) in India
New Delhi: London-based consumer tech brand, Nothing, on Saturday announced that its latest smartphone, Phone (2a) will be manufactured in India. With this move, the company said that it aims to harness…
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Financial Intelligence Unit slaps Rs 5.49 cr penalty on Paytm Payments Bank
New Delhi: The Financial Intelligence Unit-India (FIU-IND) has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank Ltd for violations of money laundering prevention rules, the Union Finance Ministry said…
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Direct Benefit Transfer worth Rs 34 lakh cr facilitated by PFMS: Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Friday said Direct Benefit Transfer of Rs 34 lakh crore has been facilitated by the Public Financial Management System (PFMS) and asked accounts officers to…
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Google begins to enforce Play Store policies in India, to remove non-compliant apps
New Delhi: Google on Friday said that after giving developers in India more than three years to prepare, including three weeks after the Supreme Court’s order, it is taking necessary “ensure our…