Business
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Digital payments firm Stripe lays off 14% of workforce
San Francisco: Global payment processing firm Stripe on Thursday announced to cut over 1,000 jobs, or 14 per cent of its staff. The payment processor cited “stubborn inflation, energy shocks, higher interest…
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RBI panel holds meeting to draft response to Centre on failure to check inflation
New Delhi: Having failed to keep inflation within its tolerance limit of up to 4 per cent for the past three quarters, the monetary policy committee (MPC) of the Reserve Bank of…
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Bank of England makes biggest interest rate hike in 30 years
London: The Bank of England on Thursday raised the base rate of interest by 0.75 percentage points to 3 per cent, the single biggest increase in more than three decades, as it…
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Rupee falls 8 paise to 82.88 against US dollar
Mumbai: The rupee depreciated by 8 paise to close at 82.88 against the US dollar on Thursday, after the US Federal Reserve raised interest rates and maintained a hawkish stance. At the…
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Gold falls Rs 402; silver tumbles Rs 1,244
New Delhi: Gold price in the national capital fell Rs 402 to Rs 50,597 per 10 grams on Thursday, amid weak global trends, according to HDFC Securities. In the previous trade, the…
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Reliance Capital Committee of Creditors to meet Friday to decide on Challenge Mechanism
Mumbai: The Committee of Creditors (CoC) of Reliance Capital (RCAP) is scheduled to meet on Friday to decide on the newly-introduced clause, Challenge Mechanism, in the final binding process. Notably, bidders like…
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With LVB integrated fully, DBS Bank India focuses on gold loan & MSMEs
Chennai: Growing gold/MSME loan business, launching proprietary credit card and increasing bancassurance tie ups are some of the focus areas of DBS Bank India Ltd, said a senior official. He also said…
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Our 5G wireless fibre offers great opportunities for India: Qualcomm CEO
New Delhi: The 5G wireless fibre presents significant opportunities in India as the country embarks on a 5G journey with deploying necessary infrastructure, Cristiano Amon, President and CEO of chip-maker Qualcomm has…
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India’s gaming market reaches $2.6 bn with 507 mn gamers
New Delhi: Riding on more than 500 million gamers across mobile, PC and Cloud gaming platforms, India’s gaming market has likely reached $2.6 billion in revenue this year which is expected to…
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India should leverage southern Africa’s rare earth mineral resources: Exim Bank report
Johannesburg: India needs to form strategic alliances with southern African countries where critical rare earth minerals are produced, as the world looks to the continent to fulfill the ever-increasing demand for them,…
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Rupee falls 21 paise to close at 82.80 against US dollar
Mumbai: The rupee depreciated 21 paise to close at 82.80 against the US dollar on Wednesday, tracking a muted trend in domestic equities ahead of the release of the US Fed’s policy…
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Air India signs agreements to acquire AirAsia India, will merge with Air India Express
New Delhi: Air India on Wednesday announced that it has signed agreements to complete the acquisition of 100 per cent shareholding in AirAsia India (AAI) and to subsidiarise it under Air India.…
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Gold gains Rs 51; silver drops Rs 502
New Delhi: Gold price in the national capital gained Rs 51 to Rs 50,964 per 10 grams on Wednesday amid weak rupee, according to HDFC Securities. In the previous trade, the gold…
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Hyundai, Kia’s US sales up 7.9% amid chip shortage
Seoul: Hyundai Motor Group said on Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor, its…
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Rupee has behaved in an orderly manner, says RBI Governor
New Delhi: With the rupee witnessing a downward spiral for the past several weeks, even crossing the 83 mark against the US dollar, RBI Governor Shaktikanta Das on Wednesday said that the…
