Business
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Private investment in AI sector to exceed $135 bn in 2022
New Delhi: Total private investment in artificial intelligence (AI) more than doubled to reach $93.5 billion globally in 2021, a new report has shown. According to analysts, the AI sector’s value will…
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Terra Luna cryptocurrency collapses 98%, investors lose life savings
New Delhi: The dramatic crash of Terra (Luna), ranked among the top 10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who are feared they will become homeless after…
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Now Benling India’s electric 2-wheeler explodes as govt seeks answers
Hyderabad: There is no stopping EV fires in India and now, an electric two-wheeler belonging to Gurugram-based Benling India has exploded while being charged in Telangana. According to the local police, no…
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Global crypto market sheds $275 bn, Bitcoin down at 2020 level
New Delhi: The free fall in the global cryptocurrency market continued on Thursday as over $275 billion were wiped off from its global market cap within 24 hours and Bitcoin dropped to…
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Campbell Wilson appointed CEO and MD of Air India
Mumbai: Tata Sons on Thursday announced the appointment of Campbell Wilson as the Chief Executive Officer and Managing Director (MD) of Air India. Air India board approved the appointment of Wilson subject…
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Rupee falls 30 paise to 77.55 against US dollar in early trade
Mumbai: The rupee slumped 30 paise to 77.55 against the US dollar in opening trade on Thursday as a lacklustre trend in the domestic equity markets and a firm American currency weighed…
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Markets fall for 5th day; Sensex cracks 817 points in early trade
Mumbai: Benchmark indices continued their downtrend for the fifth session on the trot on Thursday, with the Sensex tumbling nearly 817 points in early trade, tracking weak global trends and selling in…
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Ola Electric sees high-profile exits amid larger govt scrutiny
New Delhi: As the electric e-scooter maker Ola Electric faces government scrutiny and consumer complaints, a couple of its top-notch executives have quit, the latest being its chief marketing officer Varun Dubey.…
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NAND flash prices to decline in 2nd half amid sluggish demand
Seoul: NAND flash prices are expected to decline in the second half due mainly to sluggish demand and oversupply, a report showed on Wednesday, dimming the performance outlooks for major chipmakers. Industry…
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Toyota cuts production due to Covid lockdown in Shanghai
Tokyo: Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai, media reports said. The firm says the…
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Rasna partners Paytm to offer upto 100% cashback on new campaign
New Delhi: Rasna, one of the world’s largest-selling soft drink concentrates, on Wednesday launched a new ad campaign offering up to 100 per cent cashback to its customers in partnership with Paytm.…
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Saudi Aramco surpasses Apple; is now world’s most valued company
Riyadh: The market value of Saudi Arabia’s Aramco, the world’s largest oil company, has surpassed the American company Apple, making the Saudi oil giant the world’s top-valued company. This came after the…
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Pressure from RBI forced us to halt crypto trading in India: Coinbase CEO
New Delhi: Top cryptocurrency exchange Coinbase quit India operations owing to “informal pressure” from the Reserve Bank of India (RBI), its CEO Brian Armstrong has revealed for the first time. The US-based…
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Mayhem in crypto market as Bitcoin drops below $30,000-mark
New Delhi: The global cryptocurrency market entered its worst phase ever on Tuesday, with Bitcoin dropping below $30,000 per coin and leaving millions of investors in a panic mode. The overall global…
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Tesla owner in China admits to fabricating brake failure story
Beijing: A Tesla owner in China who purchased one of the company’s vehicles and claimed it had faulty brakes admitted the story was fabricated in an issued apology on a Chinese social…
