Business
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Equities close week in green, Sensex up 632 pts, Nifty IT top gainer
New Delhi: Capitalising on their opening session gains, domestic equity benchmark indices settled week’s last trading session sharply higher in the green led by gains in IT, media, and banking stocks coupled…
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Market experts demand wide ranging probe to uncover Lamborghini fund managers
New Delhi: Stock market experts have pointed out that the recent case of unethical practices by mutual fund managers raises several questions as the hard earned money of retail investors is involved.…
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Rupee slips 6 paise to 77.61 against US dollar
Mumbai: The rupee declined 6 paise to close at 77.61 against the US dollar on Thursday, as firm crude prices and relentless foreign capital outflows dented investor sentiment. However, a rally in…
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Broadcom to acquire enterprise cloud services provider VMware for $61 bn
San Francisco: In the second biggest tech deal of the year, chip and software maker Broadcom on Thursday announced to acquire enterprise cloud services provider VMware in a cash-and-stock deal valued at…
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Lenovo India logs $2.2 bn in sales with 38% YoY growth
New Delhi: Global technology brand Lenovo Group on Thursday reported record fiscal year results, with historic highs on both profit and revenue fronts, as its India business reached record high. The total…
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Davos day 4: KTR continues to usher in investments for Telangana
Hyderabad: On the fourth day of his Davos trip, Telangana IT and industries minister KT Rama Rao (KTR) announced the addition of a few more investments into the state. KTR is participating…
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Musk drops Tesla loans from $44 bn Twitter takeover
San Francisco: In a relief for Tesla shareholders, Elon Musk has committed to provide an additional $6.25 billion in equity financing for his $44 billion Twitter takeover, bringing his total equity commitment…
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Amazon opens its first physical clothing store in US
San Francisco: Amazon has opened its first physical clothing retail store in the US, as the e-commerce giant in March announced to shut down more than 60 of its retail stores, including…
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Educational qualifications of Mukesh Ambani, Gautam Adani will surprise you
Mumbai: What is the secret behind the success stories of Reliance Industries Limited (RIL) chairman Mukesh Ambani and Adani Group founder Gautam Adani? What are their educational qualifications? All most all entrepreneurs…
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Tesla jumps 35 spots up Fortune 500 list
San Francisco: Following the blockbuster 2021 results, Elon Musk-owned Tesla has climbed up the Fortune 500 list, with the electric vehicle maker jumping an impressive 35 spots to claim the number 65…
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From Mukesh Ambani to Radhakishan Damani, meet six billionaires of India
Mumbai: Reliance Industries Limited (RIL) chairman Mukesh Ambani, founder-cum-chairman of Adani Group Gautam Adani, and other four Indian billionaires are holding nearly $300 billion wealth. What is common in them? Their extraordinary…
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Crude oil price at USD 110/barrel not sustainable, says Hardeep Singh Puri
Davos: India’s Oil Minister Hardeep Singh Puri on Tuesday told the World Economic Forum that crude oil price of USD 110 a barrel was not sustainable, even as he courted the world’s…
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Samsung to invest $355 bn in chip, bio industries for next 5 years
Seoul: Samsung Electronics said on Tuesday it will invest 450 trillion won ($355 billion) in semiconductor and biopharmaceuticals for the next five years, as South Korea’s largest company seeks to further expand…
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IT spending strong in 2022 by BFS; eye productivity, efficiency
New Delhi: Intensity of spending in information technology (IT) by BFS (Banking and Financial Services) firms continues to be strong going into 2022, following a good year in 2021, said brokerage house…