Business
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Amazon acquires Cloostermans to bolster its robotics operations
San Francisco: Amazon on Friday announced to acquire Belgium-based Cloostermans, that designs and manufactures mechatronics solutions, for an undisclosed sum. With the acquisition of Cloostermans, Amazon said it will continue to invest…
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United Airlines to buy 200 air taxis from electric aviation startup
New York: United Airlines has announced a $15 million investment in electric aviation startup Eve Air Mobility and will purchase 200 electric aircrafts which can seat four passengers and take off and…
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Sensex reclaims 60k level in early trade; Nifty tests 17,900
Mumbai: Benchmark indices began the trade on a firm note on Friday, extending their previous day gain, amid foreign fund inflows and a positive trend in global markets. The 30-share BSE Sensex…
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Tata in talks to build iPhones for Apple in India: Report
San Francisco: Tata Group is in discussions with a Taiwanese supplier to Apple in order to build an electronics manufacturing joint venture in India and assemble iPhones here, Bloomberg reported on Friday.…
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GM threatens Tesla, to enter mass EV market with $30K SUV
New York: Taking on Elon Musk-run Tesla, Automaker GM has announced a mass-market electric car that will cost just $30,000. Called the 2024 Chevrolet Equinox EV, the car will have an estimated…
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Jeep enters EV market, to introduce 4 all-electric SUVs by 2025
New Delhi: The Jeep brand, owned by Stellantis, on Thursday announced to introduce four new all-electric SUVs in North America and Europe by the end of 2025. Jeep showed the first images…
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Government imposes 20% export duty on rice
New Delhi: Owing to poor rain in major rice producing states like Uttar Pradesh, Bihar and West Bengal, the Centre on Thursday imposed 20 per cent duty on export of various grades…
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Rupee gains 19 paise to close at 79.71 against US dollar
Mumbai: The Indian rupee ended 19 paise higher on Thursday due to easing Brent crude oil price in the international market and inflows of foreign investors, dealers said. At the interbank foreign…
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Rupee rises by 26 paise to close at 1-week high against US dollar
Mumbai: The rupee rose by 26 paise to close at a week’s high of 79.69 against the US dollar on Thursday amid easing crude oil prices and a firm trend in domestic…
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Apple discontinues selling older Series 3 watch
San Francisco: After unveiling the next-gen Apple Watches, the tech giant has finally removed the Series 3 from its online store. At the Worldwide Developers Conference (WWDC) 2022, Apple confirmed that the…
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Global E-com sales to drop by $95 bn in 2022, 1st time in history
New Delhi: In a first, global e-commerce revenues are forecast to shrink this year due to supply chain issues and rising inflation, and industry is expected to generate $3.74 trillion in sales…
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Rupee has held its own despite sharp depreciation in other currencies: RBI Governor
New Delhi: Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell’s Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said…
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India’s external debt rose 8.2% in 2021-22 to $620 billion
New Delhi: India’s external debt rose by 8.2 per cent to stand at $620.7 billion on March 31, 2022, compared to $573.7 billon on March 31, 2021. Out of this, 53.2 per…
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Finance ministry to kick-start budgetary exercise from October 10
New Delhi: The finance ministry will kick-start the exercise to prepare the annual budget for 2023-24 from October 10 in the backdrop of revival of the Indian economy and fears of recession…
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Rupee declines 13 paise to 79.95 against US dollar on rate hike worries
Mumbai: The rupee declined by 13 paise to close at 79.95 against the US currency on Wednesday as growing expectations of aggressive interest rate hikes by the US Fed drove the greenback…
