Business
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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…
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MIT-World Peace University launches Asia’s first subsea research lab
Pune: MIT-World Peace University (WPU) has built the first-ever subsea research lab in Asia, with an aim to foster multi-disciplinary talent for the global oil and gas industry, the institute said on…
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WhatsApp introduces new group calling feature in macOS
San Francisco: Meta-owned WhatsApp is reportedly rolling out a new group calling feature on macOS devices, which will allow users to make group calls with a selected number of participants. Earlier, it…
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Sachin Tendulkar makes strategic investment in AZAD Engineering
Hyderabad: AZAD Engineering, a leading provider of engineering and technology solutions, on Monday announced that cricket legend Sachin Tendulkar has made an undisclosed strategic investment in the company. Hyderabad-based AZAD Engineering is…
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Apple’s Emergency SOS via satellite service now available in Australia, New Zealand
New Delhi: Apple on Monday announced that its safety service Emergency SOS via satellite is now available to customers in Australia and New Zealand. Available on all iPhone 14 models, the technology…
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Much before talk of diesel car ban, sales down to 17.6% of total volume
Chennai: The news about an Indian government committee suggesting a ban on diesel cars from 2027 has sowed the seeds of uncertainty in the minds of diesel car buyers today, said top…
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Tech billionaire Austin Russell acquires 82 per cent stake in Forbes
San Francisco: Austin Russell, 28-year-old Chairman and CEO of automotive technology company Luminar Technologies, has acquired 82 per cent stake in Forbes Global Media Holdings, that published the Forbes magazine, in a…
