Business
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Crypto firm Mixin hit by $200 mn hack, halts services
New Delhi: Hong Kong-based crypto company Mixin has announced that the hackers stole around $200 million in a data breach that occurred on September 23. After learning about the data breach, the…
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WeWork India rejigs senior leadership to boost market presence
New Delhi: Flexible workspace provider WeWork India on Tuesday announced the appointment of two senior leaders to its executive leadership team. Debosmita Majumder has joined WeWork India as Chief Marketing Officer, while…
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Nearly 50 pc of employees likely to permanently shift to hybrid work globally
New Delhi: Nearly 50 percent of employees are expected to permanently work in a hybrid or fully mobile fashion going forward, a report showed on Tuesday. The majority of businesses agree that…
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42% consumers in India to use UPI for festive shopping this year: Report
New Delhi: Digital payment methods are on the rise in India, with 42 per cent of consumers saying they will choose unified payments interface (UPI)-for online festive shopping, a new survey report…
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Amazon to invest up to $4 bn in AI startup Anthropic in GenAI era
New Delhi: Amazon on Monday said it will invest up to $4 billion in artificial intelligence (AI) startup Anthropic with a minority ownership position in the company, as competition grows in the…
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Meta gears up to launch dozens of AI chatbots for younger users
San Francisco: Meta is reportedly working on generative AI chatbot called ‘Gen AI Personas’ for younger users and is expected to unveil it this week. The social networking company is geared up…
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Markets to remain under pressure in the near term
New Delhi: Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, said “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest…
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Apple to scale up production over 5 times in India to USD 40 bn in 5 years
New Delhi: iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years, according to…
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JPMorgan analyst sees oil price surge as high as $150
New Delhi: JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new…
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Tech salaries in US decline amid record-breaking inflation, market turbulence
San Francisco: Following a year of record-breaking inflation and market turbulence, local tech salaries in the US, including those for fully in-person or hybrid roles, have experienced their most significant year-over-year decline,…
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Saudi Arabia’s economy joins trillion-dollar club: Report
Riyadh: Saudi Arabia’s gross domestic product (GDP) has exceeded the ceiling of SAR 4.155 trillion (USD 1 trillion) for the first time, with the Kingdom joining the trillion-dollar club and achieving the…
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‘India is the most expensive stock market in the world’
New Delhi: Even after the recent correction, Nifty is trading around 20 times FY 24 earnings, making India the most expensive market in the world, says V K Vijayakumar, Chief Investment Strategist…
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Dorsey’s Bluesky usage surges after Musk says will charge all X users
New Delhi: Jack Dorsey-backed social media network Bluesky saw a surge in new users sign-up after Elon Musk announced he will soon charge all X users a small monthly fee. Musk’s announcement…
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SC asks SpiceJet to pay USD 1 mn monthly to Credit Suisse for 6 months
New Delhi: The Supreme Court on Friday asked private airliner SpiceJet Limited to pay USD 1 million per month for six months to Credit Suisse AG towards repayment of dues. A bench…
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Air Akasa says its plea in court not against DGCA or Civil Aviation Ministry
New Delhi: Air Akasa clarified that its plea in court is not directed against the DGCA or the Ministry of Civil Aviation but seeks an urgent interpretation and clarification of the interim…
