Business
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China restricts exports of key materials used to make computer chips
Hong Kong: The Chinese government has tightened controls over the exports of two key materials used to make computer chips, ahead of the Beijing trip of US Treasury Secretary Janet Yellen. China’s…
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Varanium Capital’s Rs 250 cr fund to empower 100 startups in India
New Delhi: Global asset management firm Varanium Capital on Tuesday announced the first close of its maiden venture debt fund worth Rs 250 crore. The fund would provide financing to 100 early…
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Reliance Jio launches India’s most affordable internet-enabled phone at Rs 999
New Delhi: Reliance Jio on Monday launched India’s most affordable 4G phone ‘Jio Bharat V2’ at just Rs 999, which is the lowest entry price for an internet-enabled phone in the country.…
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A91 Partners invests $30 mn in digital transformation provider KaarTech
New Delhi: Leading investment firm A91 Partners has invested $30 million in digital transformation consulting company KaarTech, it said on Monday. Founded in 2006 and headquartered in Chennai, KaarTech specialises in SAP…
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3 new China-based Tesla rivals see sales surge as BYD leads
Hong Kong: Not only China-based BYD which is now a formidable electric car-maker but three other Tesla rivals have also seen their sales surge in June in China as demand for EVs…
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Tesla produced nearly 480K cars, delivered 466K vehicles in Q2 2023
San Francisco: Elon Musk-own Tesla has announced that it produced nearly 4,80,000 vehicles and delivered over 4,66,000 cars in the second quarter (Q2) of this year. Among 4,66,000 delivered vehicles, 19,225 were…
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GST helped increase revenue buoyancy of states: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said Goods and Services Tax (GST) has increased revenue buoyancy of states, and the all-round benefit stands out as “exemplary”. The multiplicity of taxes in…
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GST collections rise 3% in June to Rs 1,61,497 crore
New Delhi: The gross GST revenue collected in June witnessed a meagre 2.80 per cent rise to Rs 1,61,497 crore, compared to Rs 1,57,090 crore collected in May. Out of the GST…
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George Soros’ foundation lays off 40% of workforce
New York: George Soros’ Open Society Foundations will lay off at least 40 per cent of its staff amonth after the 92-year-old announced he handed the reins of the multi-billion-dollar foundation to…
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Ness Digital acquires German firm MVP Factory
New Delhi: US-based IT company Ness Digital Engineering on Saturday announced the acquisition of German-headquartered corporate venture builder & product design studio MVP Factory. MVP Factory provides an end-to-end service for digital…
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HDFC Ltd to merge into HDFC Bank to create financial behemoth
Mumbai: In an expected development, HDFC Bank, India’s leading private sector bank, on Friday announced the successful completion of the merger of HDFC Ltd, India’s premier housing finance company, with and into…
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Apple only company ever to reach USD 3 trillion in market cap
New Delhi: Apple is once again worth $3 trillion, the only company ever to reach the milestone, a media report said. Its shares rose 1 per cent on Friday to hit a…
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Interest rates for popular small saving schemes remain unchanged
New Delhi: The government has kept the interest rates for popular small savings schemes like national saving certificate, public provident fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Yojana, unchanged for the…
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Microsoft announces AI-powered shopping tools in Bing, Edge
San Francisco: Tech giant Microsoft has announced new artificial intelligence (AI)-based shopping tools in Bing and Edge, that will help users to shop and save “with confidence.” The new tools help users…
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Female job seekers at Bill Gates’ private office asked sexually explicit questions: Report
San Francisco: Some women who sought jobs at billionaire philanthropist Bill Gates’s private office were asked some wildly inappropriate questions like their sexual histories, nude photos, and porn, a report has claimed.…
