Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Facebook turns 20, Instagram tells Zuckerberg ‘love you dad’
New Delhi: Facebook has turned 20, after Mark Zuckerberg launched the site in 2004 which rapidly became the most loved social networking platform in the years to come. On Instagram, Zuckerberg shared…
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Neobanking startup Muvin winds up operations: Report
New Delhi: Neobanking startup Muvin has reportedly shut down its operations, as per a Reserve Bank of India (RBI)’s directive to stop using Unified Payments Interface (UPI) in a co-branding arrangement. A…
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Yogi govt tables its largest budget at Rs 7.36 lakh cr
Lucknow: The Yogi Adityanath government on Monday presented the budget for financial year 2024-25 in the Uttar Pradesh assembly with an outlay of Rs 7.36 lakh crore, higher from current fiscal’s budget…
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PSU stocks dominate sectoral gains
New Delhi: PSU stocks are among the top gainers in trade led by oil and gas and insurance stocks. The PSU index is up more than 3 percent on Monday. SJVN is…
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RBI likely to continue status-quo on short-term lending rate, say experts
Mumbai: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending…
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Markets expect RBI to maintain status quo in policy meeting
New Delhi: Domestic markets will focus on the RBI policy meeting in the coming week. With the US Fed and Interim Budget now behind, all eyes will be on RBI’s policy meeting.…
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Adani’s USD 1.2 bn copper plant to boost India’s metal production
New Delhi: Billionaire Gautam Adani-led group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India’s dependence on imports and aid energy transition, sources…
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Money laundering concerns and KYC non-compliance led to ban on Paytm Bank by RBI
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down on…
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Here are reasons behind RBI’s clampdown on Paytm payments bank
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down…
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Zuckerberg fifth richest person in the world following surge in Meta share price
New York: Meta Platforms CEO Mark Zuckerberg is now the fifth richest person in the world following a surge in Meta’s share price that has seen his net worth increase more than…
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Apple not to license Masimo’s patents despite Watch import ban
San Francisco: Apple has no intention to license healthcare company Masimo’s blood oxygen detection to end the Apple Watch import ban. Apple CEO Tim Cook told CNBC that the company is focused…
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Some customers had tears in their eyes at Vision Pro launch: Tim Cook
San Francisco: As Apple CEO Tim Cook greeted first customers of the $3,499 mixed reality (MR) headset Vision Pro, he realised some of them even had tears in their eyes as they…
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Jeff Bezos to sell 50 mn Amazon shares in next 12 months
San Francisco: Amazon founder Jeff Bezos is planning to sell at least 50 million company shares in the next year, the media reported. According to a filing with the US Securities and…
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Time to transform cybersecurity as good vs bad GenAI debate rages
Bangkok: As industries, governments and law enforcement agencies all over the world struggle to keep up with the vast and ever-evolving cybercrime ecosystem, specialist cyber defenders building and upgrading firewalls, say that…
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RBI issues warning against fraud through KYC trick
Mumbai: The Reserve Bank RBI on Friday, February 2, cautioned the general public against frauds in the name of KYC updation as more incidents are being reported of customers being cheated through…
