Business
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US announces over $5 bn investment in chip-related R&D, skill development
Washington: The Joe Biden-Kamala Harris administration has announced to invest over $5 billion in semiconductor-related research, development and workforce needs. The investment will empower the National Semiconductor Technology Center (NSTC), to advance…
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IPO-bound Ola Electric gets certification for 2nd e-scooter under govt’s PLI scheme
New Delhi: Bhavish Aggarwal-led Ola Electric has received certification for its S1 Pro (Gen-2) electric scooter under the government’s production-linked incentive (PLI) scheme for the automobile and auto component industry. Sources told…
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Cisco likely to slash thousands of jobs next week: Report
San Francisco: Global networking giant Cisco is reportedly geared up to lay off “thousands” of employees next week, as the company pivots to focus on “high-growth areas”. Cisco is expected to report…
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Fashiontech startup Blissclub lays off nearly 18% workforce to cut costs: Report
New Delhi: Direct-to-consumer (D2C) startup Blissclub has laid off nearly 21 employees, or 18 per cent of its workforce, to cut costs. However, the number of impacted employees at the fashion apparel…
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FPI equity selling in 2024 at Rs 28,818 crores
New Delhi: Chief Investment Strategist of Geojit Financial Services V K Vijayakumar on Saturday said that the FPI investment trend of selling in equity and buying in debt witnessed in January is…
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Apple rolls out redesigned iCloud app for Windows
New Delhi: Apple has rolled out a redesigned iCloud app for Windows to offer new features and improvements to enhance the user experience. Available for Windows 10 and 11, the new app…
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Global data traffic hit 59 exabytes in 2023, equivalent to over 46 cr smartphones
New Delhi: Global data traffic in 2023 reached 59 exabytes, a remarkable 23 per cent increase from the 48 exabytes recorded in 2022, a report said on Friday. In simpler terms, 59…
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Google joins global coalition to bring transparency to digital content in AI era
New Delhi: The Coalition for Content Provenance and Authenticity (C2PA), a global standards body advancing transparency online through certifying the provenance of digital content, on Friday announced that Google has joined as…
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Small and mid-cap stocks come under selling pressure
New Delhi: Small and mid-cap indices slumped on Friday in a broad based selling while the bluechip Sensex was flat. PSU stocks were also down across the board as the broader market…
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Markets trade firm on buying in Reliance, TCS
Mumbai: Equity benchmark indices rebounded in early trade on Friday amid buying in Reliance Industries, Tata Consultancy Services and ICICI Bank along with largely firm Asian markets. After a flat beginning, the…
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Rupee settles flat at 82.96 after RBI monetary policy decision
Mumbai: The rupee settled on a flat note at 82.96 against the US dollar on Thursday, after the Reserve Bank decided to keep the key policy rate unchanged for the sixth time…
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Cabinet approves telecom spectrum auctions at base price of Rs 96,317.65 crore
New Delhi: The Union Cabinet on Thursday approved auctions in eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore. Spectrum, held by certain companies undergoing insolvency…
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Mallika Srinivasan resigns as independent director from Swiggy board
New Delhi: Online food delivery platform Swiggy said on Thursday that Mallika Srinivasan has stepped down from the company’s Board as an Independent Director a year after joining. According to the company,…
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Warner Music Group to cut 600 jobs to invest more in music
San Francisco: Global music entertainment company Warner Music Group has announced to lay off 10 per cent of its workforce, or about 600 employees, in order to free up more money for…