Business
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Tata Steel to implode obsolete unit at Jamshedpur
Chennai: Steel major Tata Steel Ltd on Wednesday said it will carry out a planned implosion, on September 4, of an obsolete unit at a coke oven that is not in operation in…
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India’s Q1 GDP logs 13.5% growth, experts say lower than expected (Lead)
New Delhi/Chennai: India’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter…
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Union Labour Ministry extends public utility service status for three industries
New Delhi: Ministry of Labour and Employment has extended the public utility service status of three industries: industries engaged in the manufacture or production of mineral oil (crude oil), motor and aviation…
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Twitter planned to make money via monetising porn on its platform
New Delhi: Twitter reportedly planned to monetise adult content on its platform this year, by allowing adult creators to sell subscriptions on the micro-blogging platform, and become profitable in a jiffy. According…
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Amazon India’s growth has come at a high cost while profitability remains elusive
New Delhi: Nearly a decade later, Amazon India’s report card is decidedly mixed, foreign brokerage Bernstein said in a report. India is often the dream prized market of many global internet companies,…
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RIL announces plan to move into $100bn FMCG market
New Delhi: Reliance Industries Limited has announced its plan to move into the $100 billion FMCG market in FY2023, providing high-quality products at affordable prices. Morgan Stanley said in a report that…
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Flipkart strengtens kirana deliveries with 2L new partners
Hyderabad: Ahead of festive seasons, Flipkart, India’s Homegrown e-commerce marketplace announced the strengthening of its kirana delivery with an onboard partner count of two lakhs. This will enable customers across the country…
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Tesla quietly develops virtual power plant in Japan
Tokyo: Electric car maker Tesla is quietly developing a virtual power plant in Japan as it has revealed that since 2021, it has been quietly installing its Powerwall batteries at residences on…
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Reliance plans Rs 2.75 lakh cr investment; prepares for larger battle with Adani group
Mumbai: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his USD 221 billion-empire by rolling out 5G services from October, adding capacity in…
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Rupee ends 10 paise lower; touches all-time low of 80.13 against US dollar
Mumbai: The rupee ended 10 paise lower at 79.96 against the US dollar after touching an all-time low of 80.13 in early morning trade on Monday. The rupee breached the 80-to-a-dollar mark…
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Mukesh Ambani outlines Next-Gen leadership roles at Reliance Industries
New Delhi: The 45th annual general meeting of Reliance Industries Limited (RIL) has set the stage for Next-Gen leadership. Mukesh Ambani, Chairman and Managing Director of RIL, laid emphasis on Next-Gen leadership…