Business
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Zomato plans to lay off three per cent of its workforce
Bengaluru: Online food delivery platform Zomato on Saturday said it is planning to lay off nearly 3 per cent of its workforce on account of cost-cutting efforts and to turn profitable. The…
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Keen to solve Tamil community problems in Sri Lanka by next year: President Wickremesinghe
Colombo: Sri Lankan President Ranil Wickremesinghe on Saturday said that he is keen to solve all issues, including land and housing, pertaining to the Tamil minority community in the country’s Northern Province…
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India to be world’s 2nd largest economy by 2050: Gautam Adani
Mumbai: Asia’s richest man Gautam Adani on Saturday said India, which took 58 years to become a trillion-dollar economy, will add an equivalent sum to GDP every 12-18 months and will be…
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Food delivery platform Zomato co-founder Mohit Gupta resigns
Bengaluru: Online food delivery platform Zomato on Friday said that its co-founder, Mohit Gupta, had resigned after about five years at the food aggregator. In May 2020, Gupta became Zomato’s co-founder after…
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FTX CEO pocketed $300 mn after big funding raise: Report
San Francisco: Sam Bankman-Fried, CEO of now bankrupt cryptocurrency exchange FTX, pocketed $300 million after a big funding raise last year, the media reported. According to The Wall Street Journal, the beleaguered…
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Another 1,200 employees quit Twitter amid internal mayhem
San Francisco: Elon Musk’s Twitter is reeling under a big trouble as another 1,200 employees have quit over the ultimatum for “extremely hardcore” workplace. The New York Times reported that key infrastructure…
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Cisco to lay off over 4,000 employees in a ‘rebalancing’ move
San Francisco: Joining the Big Tech layoff season, networking giant Cisco is reportedly laying off over 4,000 employees, or about 5 per cent of its workforce, in a “rebalancing” act while “rightsizing…
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Sitharaman urges AIIB to invest in renewable energy in India
New Delhi: Finance Minister Nirmala Sitharaman on Friday urged the Asian Infrastructure Investment Bank (AIIB) to scale up investments and mobilise private finance in India’s key priority areas like renewable energy, energy…
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Gold gains Rs 45; silver advances by Rs 316
New Delhi: Gold price rose by Rs 45 to Rs 53,220 per 10 gram in the national capital on Friday following gains in prices of the precious metal in the international market,…
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Approve remote work at ‘your own risk’, Musk dares Twitter managers
San Francisco: After telling Twitter employees to be “extremely hardcore” at work or quit, Elon Musk has sent another email to them, this time daring managers to approve remote work “at their…
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Amazon CEO confirms more layoffs coming in early 2023
San Francisco: Amazon CEO Andy Jassy has warned employees that there will be more layoffs at the company in early 2023 “as leaders continue to make adjustments”. The e-commerce giant publicly confirmed…
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Nvidia, Microsoft team up to build AI supercomputer
San Francisco: Nvidia has announced a multi-year collaboration with Microsoft to build one of the most powerful AI supercomputers in the world. The supercomputer will be powered by Microsoft Azure’s advanced supercomputing…
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Saudi Aramco announces largest investment in South Korea, worth $7 billion
Riyadh: The Kingdom of Saudi Arabia’s Aramco, the world’s largest oil company on Thursday announced its largest ever investment in South Korea for a project to develop a world-class integrated petrochemical steam…
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Meta appoints Sandhya Devanathan as head for India business
New Delhi: Meta (formerly Facebook) on Thursday announced the appointment of Sandhya Devanathan as the Vice President of Meta India, as several key executives leave the company in recent days. She will…
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Centre hikes windfall tax on domestic crude oil
New Delhi: The Central government has hiked windfall tax on domestic crude oil and reduced the tax on export of diesel. The tax on crude oil produced by State-owned ONGC was hiked…
