Business
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Rate hike good for banking sector as risk getting re-priced: SBI report
New Delhi: The decision to hike policy rate will be ultimately good for the banking sector as the risk is getting re-priced properly, SBI’s Economic Research Department said in a report. “The…
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EV Expo 2022 to begin on May 6 in Bengaluru
Bengaluru: Karnataka Electric Vehicles-Manufacturers and Dealers Association (KEVMDA), in collaboration with Key Media, is organising a national-level electric vehicle (EV) exhibition ‘EV Expo 2022’ here from May 6-8. The expo is set…
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Ola Electric pips rivals, becomes top Indian e-scooter firm
New Delhi: Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter. According to the government’s Vahan…
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Apple’s global smartphone market share surges 20% in 1 year
San Francisco: Apple has registered 20 per cent growth in the global smartphone market from the first quarter of 2021 till the same period this year, a new report showed on Monday.…
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Gold prices likely to witness pressure
New Delhi: Gold prices have historically inched higher during the times of Akshaya Tritiya, but this time amidst the rising anticipation of the Fed’s aggressive policy stance, the yellow metal could see…
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Hyundai, Kia report poor April sales amid chip shortage
Seoul: Hyundai Motor and its affiliate Kia said on Monday their vehicle sales continued to fall last month due to the impact of the global chip shortage on vehicle production. Hyundai Motor’s…
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Ashneer Grover says he’ll start his own venture sans investors
New Delhi: Ashneer Grover, co-founder and former Managing Director of fintech platform BharatPe, said that he is planning to start his own venture without seeking funds from the investors. Grover, who along…
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India gets its 100th unicorn in neobank platform Open
New Delhi: India on Monday welcomed its 100th unicorn, which is Bengaluru-based neobank platform Open, that raised fresh funds as part of its Series D round, taking its valuation to $1 billion.…
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ISMC announces $3bn Semiconductor Fab Investment in Karnataka
Bengaluru: The ISMC announced an investment of Rs 22,900 crore ($3 billion) investment in a 65 nm Analog Semiconductor Fabrication plant in Karnataka. The ISMC team met Karnataka Chief Minister Basavaraj Bommai…
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Japanese gaming giant Nintendo expects 10% fewer sales
Beijing: Hit by semiconductor shortage amid the ongoing Shanghai lockdown, Japanese gaming giant Nintendo is reportedly looking at 10 per cent fewer sales in the current fiscal year. According to Nikkei Times,…
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Maruti Suzuki , Hyundai see wholesales drop in April
New Delhi: Facing production issues due to supply chain challenges, leading carmakers Maruti Suzuki (MSI) and Hyundai Motor reported a dip in vehicle dispatches from factories to dealers in April this year.…
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Equity market awaits US Fed meet for fresh cues: Swastika Investmart
New Delhi: The equity market is likely to kick off next week on a sombre note after a sharp fall in the US market overnight and the focus will shift to the…
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Tesla, key chip makers resume production in Covid-hit Shanghai
Beijing: Key enterprises like SAIC Motor, US electric carmaker Tesla and semiconductor makers like SMIC and Hua Hong Semiconductor have resumed 80-90 percent of their production in Shanghai which is under Covid…
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Global smartphone market shrinks 11% in Q1, China badly hit
Bengaluru: Global smartphone shipments reached 311.2 million units in Q1 2022, down 11 per cent (year-on-year), and Chinese vendors were badly hit, according to a new report. The Chinese market caused nearly…
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Wipro’s net income rises 4% to Rs 30.9 bn in Q4
Bengaluru, April 29 (IANS) IT major Wipro announced its financial results for the fourth quarter of FY22 ended March 31 on Saturday. According to an official statement issued by the company, its gross…
