Business
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Fintech company Lendingkart raises Rs 200 cr from EvolutionX Debt Capital
New Delhi: Fintech company Lendingkart on Tuesday said it has raised Rs 200 crore in long-term debt funding from growth-stage debt financing platform EvolutionX Debt Capital. The company said it will use…
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Databricks acquires generative AI platform MosaicML for about $1.3 bn
San Francisco: US-based data and AI company Databricks has entered into a definitive agreement to acquire MosaicML, a leading generative AI platform for approximately $1.3 billion. With this acquisition, the company said…
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Salesforce launches ‘Starter’ for MSME businesses in India
Mumbai: Enterprise software major Salesforce on Tuesday announced the launch of Salesforce ‘Starter’ for Micro, Small and Medium Enterprise (MSME) businesses in India. Starter is customer relationship management (CRM) that includes sales,…
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DeepMind’s next AI system to eclipse OpenAI’s ChatGPT
San Francisco: DeepMind CEO Demis Hassabis has said that google-owned artificial intelligence (AI) company is working on a new AI system named ‘Gemini’ which will be more capable than that behind OpenAI’s…
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ThoughtSpot acquires Mode Analytics for $200 mn, expands India footprint
New Delhi: AI-driven analytics company ThoughtSpot on Tuesday said it has acquired business intelligence (BI) platform Mode Analytics in a cash and equity deal valued at $200 million. With the acquisition, 31…
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J Swaminathan takes charge as RBI Deputy Governor
New Delhi: Top banker J. Swaminathan on Monday took charge as the Deputy Governor of Reserve Bank of India (RBI). The government on June 21 had appointed him to the post of…
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Govt approves investment proposals worth Rs 56,000 crore in 16 states for 2023-24
New Delhi: Government has approved capital investment proposals worth Rs 56,415 crore in 16 states in the current financial year. Approval has been given under the scheme entitled ‘special assistance to states…
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Lulu Group to invest Rs 3,500 cr investments in Telangana
Hyderabad: UAE-based Lulu Group will be investing about Rs 3,500 crore in investments in Telangana in the next five years in various projects including a Destination Shopping Malls (Rs 3,000 crore) here and…
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India is investment destination of the decade
New Delhi: With longstanding trends of solid economic growth, young demographics, urbanisation and the rise of an aspirational middle class, India stands out as one big shining star in the global economy,…
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Honda recalls over 1 mn vehicles amid rearview camera issues
San Francisco: Automobile company Honda has issued a recall notice for roughly 1.2 million vehicles in the US because the rearview camera image may fail to display on the dashboard screen. Certain…
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Crypto exchange Binance ordered to halt services in Belgium
San Francisco: Leading blockchain and cryptocurrency platform Binance has been ordered by Belgium’s Financial Services and Markets Authority (FSMA) to cease immediately all offers of virtual currency services in the country. The…
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NIFTY falls short of intraday lifetime high by a whisker, correction to follow
Markets were on a roll last week making new records but somehow towards the end of the week, they lost momentum. They gained on two of the five sessions, losing on the…
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Hyundai may join Tesla’s EV charging network
Seoul: Automaker Hyundai is reportedly planning to invest $28 billion over the next decade to accelerate its electrification efforts and is considering adopting Elon Musk-run Tesla’s charging network for all future electric…
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More than two-thirds of Rs 2,000 notes returned within a month of withdrawal: Das
Mumbai: Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. In a surprise…
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Global markets slide on recession fears
London: Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession, a media…
