Business
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Tesla FSD beta update brings new visuals, impresses testers
San Francisco: Electric vehicle company Tesla has released Full Self-Driving (FSD) 10.12.1 beta to its Early Access Programme that includes new visuals for open car doors and also displays turn signals on…
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North America’s smartphone shipments reach 39 mn units in Q1
Bengaluru: North American smartphone shipments reached 39 million units in Q1 2022, up 3.7 per cent year on year, according to a new report. Apple grew 19 per cent to achieve a…
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Paytm FY22 results: Revenue jumps 77% to Rs 4,974 cr, losses reduce 8% to Rs 1,518 cr
New Delhi: One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company…
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TVS Motor unveils new iQube electric scooter
Bengaluru: Two-and-three wheeler manufacturer TVS Motor has unveiled a new iQube electric scooter in three avatars that comes loaded with several interesting features. With a starting price of Rs 98,564, the new…
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Hyundai to build $5.5 bn EV, battery plant in US
Seoul: South Korea’s Hyundai Motor Group said on Saturday that it will invest $5.54 billion to build a dedicated electric vehicle and car battery manufacturing plant in the US to further solidify…
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FDI inflow hits all-time high of USD 83.57 bn in 2021-22
New Delhi: Total foreign direct investment into India rose 2 per cent to the “highest ever” USD 83.57 billion in 2021-22 on account of various measures like policy reforms and ease of…
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Hyundai chief to drum up support for air mobility, robotics with Biden
Seoul: Chung Eui-sun, the chief of South Korea’s auto giant Hyundai Motor Group, was expected to ask for Washington’s support for the group’s push in burgeoning sectors that include urban air mobility…
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Musk sees net worth shrink by $12 bn amid ESG fiasco
San Francisco: Tech billionaire Elon Musk recently saw over $12 billion wiped off his net worth following Tesla stock’s recent drop and the S&P Global Ratings’ decision to boot Tesla from its…
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Markets rebound after heavy decline in previous trade
Mumbai: Equity benchmarks made a sharp recovery on Friday after a heavy decline in the previous trade, with the Sensex jumping 907 points in early trade, tracking positive trends from Asian markets.…
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Vintage Mercedes sells for nearly Rs 1,100 cr, becomes world’s most expensive car
Toronto: A vintage 1955 Mercedes-Benz has been sold for $143 million (about Rs 1,100 crore), making it the most expensive car ever sold at an auction. Canada-based RM Sotheby’s announced that it…
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Bezos reminds Amazon baiters how Wall Street, Business Week pundits missed a $62bn biz
New York: Jeff Bezos – who now owns 10 per cent of the company after he and wife MacKenzie divorced in 2019 after 25 years of marriage and he transferred a quarter…
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Intel to invest $700 mn on R&D in innovative data centre tech
San Francisco: Chip-maker Intel has announced plans to invest more than $700 million for a research and development mega lab focused on innovative data centre technologies. Additionally, the company introduced the technology…
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Lucid signs agreement to establish its 1st factory in Saudi
Riyadh: United States (US) based electric car maker Lucid Motors, on Wednessay signed agreements to establish its first factory outside the United States of America (USA), in the Kingdom of Saudi Arabia…