Business
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Cryptocurrencies: why they’ve crashed and what it could mean for their future
London: If you had invested 100 (US 122) in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet. But Luna’s value has since fallen…
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China’s online car-hailing orders fall in April
Beijing: Orders from China’s online car-hailing companies dropped in April, as the resurgence of COVID-19 cases influenced the companies’ operations and people’s willingness to travel, data from the Ministry of Transport showed.…
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Swiggy enters high-end dining market with $200 mn acquisition of Dineout
Online food delivery platform Swiggy on Friday announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum. Reliable sources told IANS that the acquisition size could…
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India’s exports rise by 30.7 per cent to $40.19 billion in April
India’s merchandise exports rose by 30.7 per cent year-on-year to $40.19 billion in April 2022 as compared to $30.75 billion in the corresponding month of the last year, led by strong growth…
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Twitter, Tesla, Musk incur major losses; Tycoon poorer by $39 Bn
New York: Elon Musk, still the world’s richest man, is poorer by nearly $39 billion since he spoke of buying out Twitter. Irony. At $231 billion of worth on the Forbes Real Time…
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Samsung likely to raise chip prices by 20%
Seoul: South Korean tech giant Samsung is reportedly planning to raise chipmaking prices by up to 20 per cent. Samsung is in talks with foundry clients to hike the contract chipmaking prices,…
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Mukesh Ambani becomes poorer by nearly $14 billion in 20 days
New Delhi: Reliance Industries Limited (RIL) chairman Mukesh Ambani became poorer by nearly $14 billion as his net worth declined to $90.8 billion in 20 days. Although he continues to hold the…
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Quicker rate hikes likely as consumer inflation reaches 8-year high
New Delhi: Sounding a red alert on India’s CPI inflation at an 8-year high print of 7.79% YoY in April, Acuite Ratings has said it may trigger quicker rate hikes. “If inflation…
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65-yr-man suffers injuries as Ola Electric’s reverse mode fails
New Delhi: In yet another tragic incident involving Ola Electric’s controversial ‘reverse mode’, a 65-year-old man in Jodhpur suffered serious injuries after the Ola e-scooter unexpectedly went into a reverse mode at…
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Gold price falls Rs 360 on international trends, rupee appreciation
New Delhi: Gold price declined Rs 360 to Rs 50,127 per 10 grams in the national capital on Friday, reflecting an overnight slump in international precious metal prices and rupee appreciation, according…
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More heat for Indian consumers as ACs set to get 3-4% costlier
New Delhi: Hit by multiple factors such as rising fuel costs and global component shortages, Indian AC manufacturers said on Friday that they have no alternative but to pass off the burden…
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It’s Elon Musk vs Parag Agrawal at Twitter as platform suffers
New Delhi: With Elon Musk putting the $44 billion Twitter deal temporarily on hold on Friday, serious questions now linger on the future of the platform that is battling multiple issues —…
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Cloud tech empowering us to have an edge in running healthcare biz: Tata 1mg
New Delhi: The Indian online healthcare market has seen an exponential growth in the last two years of the pandemic. Valued at Rs 460 billion in 2020, it is expected to reach…
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Zoom acquires conversational AI platform Solvvy
New Delhi: Video chat app Zoom is acquiring Solvvy, a conversational AI and automation platform for customer support, for an undisclosed sum, the company said on Friday. The company, which recently launched…
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Reliance Industries is top Indian company in Forbes Global 2000 list
New Delhi: On the Forbes Global 2000 list, Reliance climbed two spots to No. 53 among all public companies worldwide and ranked first among Indian companies. Earlier this year, Forbes estimated Mukesh…
