Business
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Finance Minister says India’s growth resilient despite exogenous threats
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said that despite exogenous threats, India’s well-targeted policy mix, accompanied by major structural reforms and sound external balance sheet, have aided its growth to…
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Ethereum’s dominance in crypto market up 20% after the ‘Merge’
New Delhi: The dominance of Ethereum, the second largest cryptocurrency after Bitcoin, is up 20 per cent in the global crypto market following the ‘Merge’, a report shpowed on Wednesday. The historic…
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Walmart reportedly raising up to $3 bn for Flipkart to expand India biz
New Delhi: Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operations in the country. With new funds, Flipkart’s valuation is set…
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Govt receives dividends worth Rs 361 cr from PSUs
New Delhi: The government has received Rs 129 crore, Rs 76 crore and Rs 33 crore from SJVN, Antariksh Corporation of India and Manganese Ore (India) Ltd, respectively, as dividend tranches. Secretary…
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Apple gives Meta another jolt, puts 30% tax on ‘post boosting’ on App Store
San Francisco: Apple-Meta war over App Store has intensified with new updates that require iOS developers to give Apple 30 per cent cut on the sales of ‘boosts’ for posts in a…
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Spotify says Apple is destroying its audiobook store by ‘choking competition’
San Francisco: Leading music streaming platform Spotify has said that Apple is ruining its audiobook store by “choking competition”. Apple’s limitations are harmful to both creators and users, as it continues to…
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Microsoft’s net profits down 14% as PC sales decline
San Francisco: Microsoft has reported 14 per cent decrease in its net profit for its first quarter of 2023 (July-September period) while revenues went up 11 per cent amid global decline in…
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Alphabet’s net profit sinks 27% to $13.9 bn, revenue up 6%
San Francisco: Alphabet, Google’s parent company, has reported a net profit of $13.9 billion in the third quarter (Q3), down 27 per cent from a year earlier, while revenue increased 6 per…
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Aadhaar usage records growth, 25.25 crore e-KYC transactions in Sep
New Delhi: Aadhaar adoption and usage continued to record growth as during the month of September, 25.25 crore e-KYC transactions were executed through Aadhaar — almost 7.7 per cent jump in such…
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Rupee rises 7 paise to close at 82.81 against US dollar
Mumbai: The rupee appreciated by 7 paise to close at 82.81 against the US dollar on Tuesday, as easing crude oil prices buoyed investor sentiments. At the interbank foreign exchange market, the…
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Bankers to strike on Nov 19 to protest victimisation
Chennai: Banking services across the nation will get affected on November 19, with members of the All India Bank Employees’ Association (AIBEA) going on strike, said an official. The members will strike…
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How Oracle Alloy is going to help Indian firms meet local data norms
Las Vegas: As more Indian firms, especially operating in the regulated industries, aim to move their workloads to the Cloud, Oracle feels that critical infrastructure is something that is going to be…
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Shifting to green crackers, Sivakasi fireworks industry aims international market
Chennai: The 6000 crore fireworks industry of Sivakasi, which has turned mainly into green crackers, is now planning to tap the international firecracker industry hitherto dominated by Chinese players. While China has…
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Market indices rise during Muhurat trading
Mumbai: Indices of the Indian markets during the auspicious hour of the Muhurat trading on Diwali went up as Sensex surged 562 points to 59,869.22 and Nifty50 rose 157 points to 17,733.40…
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Hyundai Motor ups annual revenue guidance after weak Q3
Seoul: Hyundai Motor on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving engine-related services. The South…
