Business
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Only 1% Indians plan to buy e-scooters in next 6 months, safety top concern
New Delhi: As the government probes multiple fires in electric two-wheelers, only 1 percent household consumers plan to buy an e-scooter in the next six months amid safety and performance concerns, a…
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Rupee ends flat at 79.84 against US dollar
Mumbai: The rupee recovered early losses to close flat at 79.84 against the US dollar on Monday amid a strong greenback overseas and massive sell-off in equities. However, lower crude oil prices…
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New VR jobs die down at Meta, Google amid hiring freeze: Report
New Delhi: The virtual reality (VR) job postings at Meta have shockingly died down, as its Founder and CEO Mark Zuckerberg places a $10 billion bet on building his metaverse dream, a…
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Gautam Adani widens gap with Mukesh Ambani, likely to surpass Jeff Bezos
Mumbai: Adani Group founder and India’s richest person Gautam Adani on Monday widened the gap with Mukesh Ambani, chairman of Reliance Industries Limited (RIL). Currently, the net worth of Adani is $143.2…
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Rupee gains 4 paise to 79.80 against US dollar in early trade
Mumbai: The rupee appreciated 4 paise to 79.80 against the US dollar in opening trade on Monday, supported by receding crude prices in global markets and weakness in the American currency overseas.…
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Markets fall in early trade; Sensex declines nearly 420 points
Mumbai: Equity benchmarks fell in early trade on Monday with the Sensex declining nearly 420 points amid mixed global market trends. The 30-share BSE benchmark, which had started the trade on a…
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Dubai’s Emaar to sell fashion platform Namshi to Noon
Abu Dhabi: Dubai’s Emaar Properties has announced that it has decided to sell its online fashion platform Namshi to e-commerce company Noon for $335.2 million. Emaar said in a disclosure submitted to the Dubai…
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Apple CFO Luca Maestri sells stock worth $16.9 mn
San Francisco: Apple’s Chief Financial Officer Luca Maestri has sold shares worth $16.9 million as part of an arranged trading plan. According to a filing with the US Securities and Exchange Commission…
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Foreign exchange reserves decline to USD 570.74 bn
Mumbai: The country’s foreign exchange reserves fell USD 2.238 billion to USD 570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous…
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Inflation ‘unacceptably and uncomfortably’ high: RBI Governor at MPC meet
Mumbai: RBI Governor Shaktikanta Das said the retail inflation is “unacceptably and uncomfortably” high and proposed the 50 basis points hike in repo rate at the recent monetary policy review meeting. The…
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India’s smartwatch market grows highest ever at 312%, Fire-Boltt leads
New Delhi: India’s smartwatch market grew an impressive 312 per cent (on-year) in the June quarter, and homegrown company Fire-Boltt led the market for the first time with a 28 per cent…
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USB drives pose a grave data security concern for industries: Report
Bengaluru: Removable media like USBs or pen drives continues to be a serious data breach concern for various industries as this year, 52 per cent of cyber threats were specifically designed to…
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Apple adds two new Top Charts for podcasts
San Francisco: Apple Podcasts is introducing two new charts — Top Subscriber Shows and Top Subscriber Channels –Ato showcase popular paid shows. The new charts are available in the US, UK, Canada,…
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Edtech startup Sunstone raises Rs 280 cr led by WestBridge Capital
New Delhi: As edtech startups and unicorns lay off employees amid the funding winter, Gurugram-based higher education platform Sunstone on Friday said it has raised $35 million (around Rs 280 crore) in…
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Govt hikes windfall profit tax on export of diesel; cuts tax on domestic crude oil
New Delhi: The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed…
