Business
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Rupee has held its own despite sharp depreciation in other currencies: RBI Governor
New Delhi: Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell’s Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said…
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Rupee rises 9 paise to close at 79.78 against US dollar
Mumbai: The rupee appreciated 9 paise to close at 79.78 against the US dollar on Monday, in line with a firm trend in domestic equities. However, the strengthening of the American currency…
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Hiring at crypto exchange Coinbase up 33% despite recent layoffs
New Delhi: Despite laying off 1100 employees, leading cryptocurrency exchange Coinbase, its full-time employee count stood at 4,977 at the end of the June quarter (Q2) — a 33 per cent rise…
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Unacademy opens 50 new education channels on YouTube
Bengaluru: Leading edtech platform Unacademy on Monday launched 50 new education channels on Google-owned YouTube. Some of these new channels have existing content categories from Unacademy, along with new areas such as…
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EV maker Ather Energy reportedly raising up to $250 mn to march past rivals
New Delhi: Electric scooter manufacturer Ather Energy is reportedly raising up to $250 million in a new funding round, as the debate on EV fires appears to be finally settling with no…
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Rupee ends 4 paise up at 79.84 against US dollar
Mumbai: The Indian rupee ended 4 paise up at 79.84 against US dollar on Monday. At Interbank foreign exchange market, rupee ended at 79.84 as against 79.80 against the US dollar on…
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Mastercard replaces Paytm as title sponsor for all India international, domestic home matches
New Delhi: Global payments and technology company Mastercard on Monday replaced mobile payments and financial services company Paytm, who held the rights for seven years, as the title sponsor for all of…
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Reliance Power to raise long-term debt of up to Rs 1,200 cr
New Delhi : Reliance Power along with its subsidiary entered into a Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 crore (around USD 150 million).…
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Foreign fund inflows in Indian stocks highest after 20 months in August
New Delhi [India], September 4 (ANI): Foreign portfolio investors have infused Rs 51,204 crore into the Indian equity segment in the month of August, their highest investments in 20 months, data from…
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ED raids at independent merchants, frozen funds don’t belong to company: Paytm
New Delhi: Fintech major Paytm on Sunday said that the search operations by the Enforcement Directorate (ED) at six different locations in Bengaluru were carried out on merchants which were independent entities,…
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HAL-L&T wins Rs 860 crore deal from NSIL to build 5 PSLV rockets
Bengaluru: The Hindustan Aeronautics Limited-L&T consortium has won a Rs 860 crore deal from NewSpace India Limited to build five rockets, marking industry’s maiden foray into end-to-end production of Polar Satellite Launch…
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Global EV powertrain systems market to reach $107 bn by 2029
New Delhi: As more countries adopt electric vehicles (EVs), the EV powertrain systems Market is set to reach $107 billion by 2029, according to a new industry report. The EV production will…
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OnePlus 50-inch Y1S Pro TV is affordable, impressive
New Delhi: In an effort to bring some competition to the existing TV lineups in the country, global technology brand OnePlus has unveiled the latest smart TV — Y1S Pro — as…