Business
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AWS, Intel empower govtech and edtech startups in India
Hyderabad: Amazon Web Services (AWS) and chip-maker Intel recently hosted the ‘CXO Mixer’ event here to empower govtech and edtech startups, enabling them in their cloud journey to scale, transform and excel.…
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SoftBank posts massive $23.4 bn net loss, 2nd straight quarter in red
Tokyo: Japanese investment major SoftBank Group on Monday posted a huge $23.4 billion loss in the April-June quarter, as tech stocks continued to get hammered in the economic downturn. The Masayoshi Son-led…
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89% Indians wish to switch to 5G, most to change service provider to do so
New Delhi: As India gears up to usher in the 5G era, 89 per cent of consumers wish to upgrade to 5G network in India while 48 per cent would upgrade to…
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Ordinary computers can match Google’s quantum computer performance: Researchers
San Francisco: After Google said they had achieved what quantum computing researchers had sought for years, a team of Chinese researchers now claim to have replicated the performance of Google’s Sycamore quantum…
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Rupee falls 22 paise to 79.46 against US dollar in early trade
Mumbai: The rupee depreciated 22 paise to 79.46 against the US dollar in early trade on Monday, tracking subdued sentiment in the domestic equities. However, persistent foreign fund inflows into the capital…
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Sensex gains 110 pts in early trade; Nifty above 17,400
Mumbai: Equity benchmark Sensex advanced over 110 points in opening trade on Monday, tracking gains in index majors M&M, Reliance Industries and HDFC twins amid a mixed trend in global markets. After…
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Tesla robotaxi will be combination of Uber, Airbnb: Elon Musk
San Francisco: Electric vehicle company Tesla’s CEO Elon Musk has predicted that the company’s robotaxi will be like Uber and Airbnb combined. During the company’s annual shareholders meeting, Musk stated that the…
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Banks to spend additional $31 bn on AI to reduce frauds
New Delhi: Banks worldwide are expected to spend an additional $31 billion on artificial intelligence (AI) embedded in existing systems by 2025 to reduce fraud, according to a report. Similarly for banking…
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India’s smart home security camera market grows 116%
New Delhi: India’s smart home security camera market grew 116 per cent (year-on-year) as consumers are now more concerned about safety inside their premises, a new report has said. The smart home…
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SBI Q1 net drops 6.7 pc to Rs 6,068 cr on MTM losses
Mumbai: The country’s largest lender State Bank of India (SBI) on Saturday reported a 6.70 per cent drop in its standalone profit after tax at Rs 6,068 crore for the quarter ended…
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India’s forex reserves rises after 4 weeks of fall
Mumbai: India’s forex reserves rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the…
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Alibaba lays off nearly 10K employees amid poor sales
Beijing: Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and slowing economy in the country, the media reported on Saturday.…
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Nikon, Panasonic suspend low-end compact digital camera production
Tokyo: Japanese camera players Nikon and Panasonic have suspended the production of low-end compact digital cameras and will now focus on costlier mirrorless cameras going forward, the media reported on Saturday, as…
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Intel Meteor Lake chip delayed to 2024, TSMC slows 3nm expansion: Report
New Delhi: The mass production of chip-maker Intels next big flagship processor Meteor Lake is expected to be delayed until 2024, a report has said. According to TrendForce research, Intel plans to…
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Saudi Arabia: Oil raises budget surplus by 21 billion dollars in 3 months
Riyadh: The Kingdom of Saudi Arabia (KSA) recorded a budget surplus during the second quarter of 2022, amounting to 77.909 billion riyals ($20,734 billion) due to the rise in crude oil prices.…
