Business
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Government IT spending in India to reach $9.5 bn this year
New Delhi: The government IT spending in India is likely to reach $9.5 billion in 2022, an increase of 12.1 per cent from last year, a new report said on Monday. Software…
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Crypto lender Celsius Network pauses all withdrawals, transfers
New Delhi: Leading crypto lender Celsius Network has announced to pause all withdrawals, swap and transfers between accounts due to “extreme market conditions”. The decision led to a nearly 55 per cent…
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Nearly 1 in 2 Indian software developer plan to quit job this year
New Delhi: About 44 per cent of developers based in India are considering leaving their job this year compared to 42 per cent globally, according to a report. The report by DigitalOcean…
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Asian markets fall sharply on likely US Fed action to rein inflation
Hong Kong: Asian stock markets have fallen sharply as soaring prices in America triggered fears the US Federal Reserve will take tougher action to rein in inflation. At the same time, the…
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Imported long-range Tesla Model Y spotted in India
Bengaluru: While Elon Musk has announced not to bring Tesla cars to India unless his demands are met, the rich and the famous are not deterred from importing a Tesla vehicle to…
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Bitcoin, Ethereum crash to record low amid crypto winter
New Delhi: The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low. The world’s largest cryptocurrency further tanked 7 per…
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Myntra sells record-breaking 50 lakh products on Day 1 of EORS-16
Bengaluru: Myntra, one of India’s leading fashion, beauty and lifestyle destinations, on Monday said that the 16th edition of its flagship EORS-16 (End of Reason Sale) witnessed over 70 per cent growth…
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India provides Sri Lanka USD 55 mn credit line for fertiliser imports
Colombo: India has provided a USD 55 million Line of Credit to crisis-hit Sri Lanka for the import of fertiliser, in a bid to help the island nation tide over its worst…
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African Union is India’s fourth largest trading partner
Johannesburg: The African Union is India’s fourth largest trading partner after the United States, China and the United Arab Emirates, propped up by diversification in Indian exports to the continent, a senior…
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Tesla plans 3-way stock split to make its shares affordable
San Francisco: Elon Musk-run Tesla has asked its shareholders to approve a three-way stock split which will make its share more affordable. Tesla stock has jumped 43.5 per cent since the company’s…
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Inquiry into Tesla Autopilot being expanded by US safety officials
San Francisco: After discovering fresh incidences of Tesla’s Autopilot advanced driver assistance system colliding with parked first-responder vehicles, US federal safety officials have “upgraded” their probe. The National Highway Traffic Safety Administration…
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Indices slump sharply on global cues, Sensex tumbles over 1,000 pts
New Delhi: Domestic equity benchmark indices declined further as the session progressed and settled sharply lower on Friday, triggered by strong sell-off in global equities. With Friday’s slump, the indices have declined…
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Majority feel latest moves by RBI would fail to tame inflation
New Delhi: Rising prices caused by shortages, global oil prices and supply chain disruptions have been a matter of concern for a majority of Indians ever since the first lockdown was announced…