Business
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Musk’s Boring Company raises $675 mn to scale Loop projects
San Francisco: Tech billionaire Elon Musk’s Boring Company has raised $675 million in the Series C round, bringing its valuation up to $5.7 billion. Boring Company is Musk’s project to build underground…
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Tesla robots will be worth more than car business: Musk
San Francisco: Tesla CEO Elon Musk has predicted that robots will soon be worth more than the car business and even the FSD (full-self-driving) programme. At Tesla’s Texas gigafactory opening earlier this…
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Apple iPhone 13 still selling better than past cycles: Report
San Francisco: Tech giant Apple’s iPhone 13 is still selling better than past cycles, though demand for the iPhone SE is weaker than expected, says a report. According to AppleInsider, a JP…
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Gautam Adani promises Rs 10K cr investment in West Bengal
Kolkata: Adani Group will invest an amount of around Rs 10,000 crore in West Bengal in the next few years, according to the group chairman and founder, Gautam Adani. He made this…
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Rupee darts up 20 paise to 76.30 against US dollar
Mumbai: Snapping its four-day losing streak, the rupee appreciated by 20 paise to settle at 76.30 against the US dollar on Wednesday, tracking a weak greenback overseas and recovery in domestic equities.…
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BMW’s announces new electric 7 series luxury sedan
San Francisco: Luxury automobile manufacturer BMW on Wednesday announced a new electric 7 series luxury sedan — i7 xDrive60 — with an estimated range of “up to 300 miles”. The company said…
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Recent malware attack had no bearing on operations: Oil India
New Delhi: Giving a clarification about the recent cyber-attack in the company’s IT systems, Oil India said that a malware threat was noticed by the company’s officials and reported, but it did…
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Musk willing to boost personal Twitter investment to $15 bn: Report
San Francisco: Tech billionaire Elon Musk is reportedly willing to invest between $10 billion and $15 billion of his own cash to take the micro-blogging site Twitter private, media reports say. Musk,…
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Top 10 global tech CEOs’ bonuses soared 400% amid pandemic
San Francisco: The bonuses of CEOs at the top 10 tech companies soared a massive 400 per cent on average during the pandemic between 2020 and 2021, a new report showed on…
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Revenue collection up in Himachal by 19 pc despite pandemic
Shimla: The State Taxes and Excise Department on Tuesday said the revenue collection in 2021-22 under all heads was Rs 8,403.70 crore in Himachal Pradesh despite Covid-19, which is 19.30 per cent…
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India’s policy challenges to hinder net-zero progress, putting onus on private cos: Moody’s
New Delhi: India’s 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government, carving a more central role for private companies and investors to drive the…
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Public Cloud spending in India to touch $7.5 bn this year
Mumbai: The end-user spending on public cloud in India is likely to reach $7.5 billion in 2022 — growing 29.3 per cent from 2021, a Gartner report said on Tuesday. Cloud system…
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Shares of HDFC twins on a downtrend since announcement of merger
New Delhi: Shares of HDFC twins – HDFC Bank and HDFC � have been on a bearish trend right after the announcement of the merger. The shares of the two HDFC companies…
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3 firms submit bids for SsangYong Motor acquisition
Seoul: Three firms have submitted their bids to acquire the debt-ridden automaker SsangYong Motor Co, sources here said on Monday, after a previous sales deal with a local electric vehicle maker fell…
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BYJU’s faces litmus test as edtech bubble bursts in India
New Delhi: For Vipluv, 24, a job offer from the leading edtech company BYJU’s was like a dream come true. He, along with four-five of his friends, joined the company as Business…
