Business
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Vintage Mercedes sells for nearly Rs 1,100 cr, becomes world’s most expensive car
Toronto: A vintage 1955 Mercedes-Benz has been sold for $143 million (about Rs 1,100 crore), making it the most expensive car ever sold at an auction. Canada-based RM Sotheby’s announced that it…
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Bezos reminds Amazon baiters how Wall Street, Business Week pundits missed a $62bn biz
New York: Jeff Bezos – who now owns 10 per cent of the company after he and wife MacKenzie divorced in 2019 after 25 years of marriage and he transferred a quarter…
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Intel to invest $700 mn on R&D in innovative data centre tech
San Francisco: Chip-maker Intel has announced plans to invest more than $700 million for a research and development mega lab focused on innovative data centre technologies. Additionally, the company introduced the technology…
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Lucid signs agreement to establish its 1st factory in Saudi
Riyadh: United States (US) based electric car maker Lucid Motors, on Wednessay signed agreements to establish its first factory outside the United States of America (USA), in the Kingdom of Saudi Arabia…
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BharatPe launches investment platform for merchants after Ashneer saga
New Delhi: With an aim to leave behind the Ashneer Grover controversy and bring business on track, fintech platform BharatPe on Thursday launched an investment platform for its merchant partners. In the…
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3 senior Twitter employees quit amid Musk-Agrawal slugfest
San Francisco: Amid the ongoing slugfest between Tesla CEO Elon Musk and Parag Agrawal, more Twitter executives have moved on, apparently sensing what may come their way at the micro-blogging platform in…
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Markets continue to rally; Sensex jumps 345 points in early trade
Mumbai: Benchmark indices continued their upward march for the third day running on Wednesday, with the Sensex jumping nearly 345 points in early trade, amid rally in the US markets and buying…
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Rupee slips 6 paise to 77.50 against US dollar in early trade
Mumbai: The rupee depreciated 6 paise to 77.50 against the US dollar in the opening trade on Wednesday as a surging American currency in the overseas markets and persistent foreign fund outflows…
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Sri Lanka receives USD 160 million from World Bank
Colombo: Sri Lanka has received USD 160 Million from the World Bank and is looking at the possibility of using some of it to buy fuel, Prime Minister Ranil Wickremesinghe told Parliament…
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Hyundai ties up with Tata Power to set up EV charging infra
New Delhi: Hyundai Motor India on Tuesday said it has joined hands with Tata Power to set up fast charging electric vehicle infrastructure across its select dealerships in the country. Under the…
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Bharti Airtel’s revenues up 22% YoY, net profit 165% in Q4FY22
New Delhi: Telecom service provider Bharti Airtel posted quarterly revenues of Rs 31,500 crore in Q4FY22, up 22.3 percent year on year. The sharp rise in revenues was backed by strong and…
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Twitter deal ‘cannot move forward’ until CEO proves bot numbers: Musk
San Francisco: Tech billionaire Elon Musk on Tuesday said that the $44 billion Twitter deal “cannot move forward” until the micro-blogging site’s CEO Parag Agrawal proves the bot numbers. In a series…
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India now has 200 mobile phone manufacturing units: PM Modi
New Delhi: Giving a thrust on domestic manufacturing, Prime Minister Narendra Modi on Tuesday said that mobile manufacturing units have increased from just two in 2014 to more than 200 in the…
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India’s April wholesale inflation at 15.08%, up from 14.55% in March
New Delhi: India’s wholesale inflation gauged by the Wholesale Price Index rose to 15.08 per cent in April from 14.55 per cent in March, official data showed. The WPI inflation was 10.74…
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Adani portfolio companies complete Rs 15,400 crore primary equity transaction with IHC
Ahmedabad: Abu Dhabi-based global strategic investment company, International Holding Company PJSC (IHC), announced on Tuesday the completion of a Rs 15,400 crore (USD 2 billion) investment transaction in the Adani Portfolio companies,…
