Business
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Less than 60 of 2 lakh Indian developers pay service fee above 15%: Google
New Delhi: Google on Wednesday defended its position on Play Store service fee for developers and its stance on user choice billing policy, saying that Google Play’s service fees are actually the…
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Musk teases two new EVs, a cheaper $25K hatchback likely soon
San Francisco: Outgoing Twitter CEO Elon Musk has teased two new electric vehicles (EVs) during its annual shareholder’s meeting, saying one new EV is already in the manufacturing process. One of the…
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India sees 4-spot jump in median mobile speeds globally
New Delhi: As 5G roll-out picks up speed thanks to Reliance Jio and Airtel, India climbed four spots for median mobile speeds globally in the month of April, from 64th position in…
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Apple flagship retails stores in India give accessibility top priority
New Delhi: As Apple previewed new software features for cognitive, speech and vision accessibility, along with innovative tools for individuals who are nonspeaking or at risk of losing their ability to speak,…
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Qlik acquires data management solution provider Talend
New Delhi: Data analytics and business intelligence platform Qlik on Wednesday announced it has acquired scalable data management solution provider Talend for an undisclosed sum. The combined entity is led by CEO…
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MakeMyTrip logs $70.3 mn operating profit in FY23, highest-ever in its history
New Delhi: Leading travel service provider MakeMyTrip on Tuesday said the gross bookings for fiscal year FY23 grew by 122 per cent (year-on-year) to reach $6.6 billion with adjusted operating profit at…
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Vice Media files for bankruptcy, lenders to purchase it for USD 225 million
San Francisco: Vice Media Group has filed for bankruptcy and the company’s lenders, Fortress Investment Group, Soros Fund Management and Monroe Capital, agreed to purchase the company for $225 million — just…
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Sana Farheen’s modest clothing pitch wows Shark Tank India judges
Mumbai: Sony TV’s Shark Tank India is the Indian version of the popular American TV show Shark Tank. It brings together aspiring entrepreneurs from across the country who pitch their business models…
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Argentina’s interest rate soars to 97 per cent as inflation reaches 100 per cent
Buenos Aires: The Central Bank of Argentina raised its key interest rate by six percentage points to 97 per cent in an effort to tackle soaring inflation that has reached 30-year highs.…
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Amazon India lays off 400-500 employees as part of global restructuring
New Delhi: Amazon India has laid off around 400-500 employees from its Cloud division AWS as well as People Experience and Technology Solutions (PXT) or HR and support verticals. The downsizing in…
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Sri Lanka’s debt restructuring likely to be complete by September: IMF
Colombo: The IMF has expressed hope that Sri Lanka’s debt restructuring process would be completed by September, which is also the time for the global lender’s formal review of the bailout facility…
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Adani-Hindenburg row: SC to hear SEBI’s plea on extension of probe time on Tuesday
New Delhi: The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (SEBI) seeking extension of six months to complete a probe into…
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‘Factually baseless’: SEBI to SC on allegations of probing Adani since 2016
New Delhi: Market regulator Sebi has told the Supreme Court that the allegations that it has been investigating the Adani Group since 2016 are “factually baseless”. Sebi also cautioned that “any incorrect…
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WPI inflation eases to 34-month low of (-) 0.92 pc in April
New Delhi: Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation…
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This robot with artificial memory may help find objects you’ve lost
Toronto: People often tend to forget where they’ve kept their phones or glasses. Now researchers have developed a novel robot programmed with artificial memory that can help find the lost objects. According…
