Business
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Nokia bullish on India’s 5G roadmap: CEO
New Delhi: As the global penetration rates for both fibre and 5G excluding China still remain very low, Nokia is bullish on the 5G roadmap in India which is an important country…
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ADB cuts India GDP forecast for FY23 to 7.2 pc on Covid
New Delhi: Asian Development Bank (ADB) on Thursday trimmed India’s economic growth forecast for current fiscal year to 7.2 percent from 7.5 percent as pandemic and war impact is weighing down alongside…
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Rupee rises 20 paise to close at 79.85 against US dollar
Mumbai: The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 (provisional) against the US dollar on Thursday following overall weakness in crude oil prices and…
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Ford plans to cut 8K jobs to help fund its EV plans: Report
San Francisco: With an aim to fund its plans to build electric vehicles (EVs), popular automaker Ford is likely planning to cut up to 8,000 jobs over the coming weeks, media reports…
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Oracle Database Service for Microsoft Azure now available for all users
San Francisco: The Oracle Database Service for Microsoft Azure is now generally available and Azure Cloud customers can directly access and monitor enterprise-grade services in Oracle Cloud Infrastructure (OCI), the companies have…
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Hyundai sells 1.88 mn vehicles in first 6 months, Q2 profit jumps 56%
Seoul: Hyundai Motor said on Thursday that its second-quarter net profit jumped 56 per cent from a year earlier on improved product mix and a weak won. Net profit for the three…
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Microsoft Teams faces major outage, Twitterati react
New Delhi: Tech giant Microsoft on Thursday confirmed that its Teams app was facing a major outage that affected thousands of users as they were unable to access the app, and several…
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Retail inflation for farm, rural workers rise in June
New Delhi: Retail inflation for farm workers and rural labourers rose to 6.43 percent and 6.76 percent, respectively, in June due to higher prices of certain food items. In June last year,…
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Sensex, Nifty spurt over 1 pc as windfall tax cut, FII inflows lift mood
Mumbai: Benchmark BSE Sensex rallied over 1 percent while Nifty closed above the 16,500 mark on Wednesday after sharp gains in IT, oil & gas and metal shares amid positive global market…
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Wipro records gross revenue of Rs 215.3 billion in Q1
Bengaluru: Leading technology services and consulting company, Wipro, on Wednesday announced it registered a gross revenue of Rs 215.3 billion ($2.7 billion), an increase of 17.9 per cent YoY, in Q1. In…
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Maruti Suzuki India’s mid-sized SUV Grand Vitara for global markets
New Delhi: India’s largest car maker Maruti Suzuki India Ltd will make for the world its newly ‘hatched’ mid-sized hybrid – petrol, battery- sport utility vehicle Grand Vitara, said a top official.…
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Reliance Industries shares climb over 4 pc; ONGC jumps 7 pc
New Delhi: Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel,…
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Amazon, FB, Google suppress competition, favour their products: US govt panel
Washington: New internal documents released by the US House Judiciary Committee have revealed how Amazon, Facebook and Google favoured their own products and abused their dominance to suppress competition from their rivals.…
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Google plans to test AR glasses in public from next month
San Francisco: With an aim to help users, tech giant Google has announced that it is planning to test augmented reality (AR) glasses in public beginning next month. The company said that…