Business
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Markets fall for 5th day; Sensex cracks 817 points in early trade
Mumbai: Benchmark indices continued their downtrend for the fifth session on the trot on Thursday, with the Sensex tumbling nearly 817 points in early trade, tracking weak global trends and selling in…
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Ola Electric sees high-profile exits amid larger govt scrutiny
New Delhi: As the electric e-scooter maker Ola Electric faces government scrutiny and consumer complaints, a couple of its top-notch executives have quit, the latest being its chief marketing officer Varun Dubey.…
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NAND flash prices to decline in 2nd half amid sluggish demand
Seoul: NAND flash prices are expected to decline in the second half due mainly to sluggish demand and oversupply, a report showed on Wednesday, dimming the performance outlooks for major chipmakers. Industry…
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Toyota cuts production due to Covid lockdown in Shanghai
Tokyo: Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai, media reports said. The firm says the…
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Rasna partners Paytm to offer upto 100% cashback on new campaign
New Delhi: Rasna, one of the world’s largest-selling soft drink concentrates, on Wednesday launched a new ad campaign offering up to 100 per cent cashback to its customers in partnership with Paytm.…
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Saudi Aramco surpasses Apple; is now world’s most valued company
Riyadh: The market value of Saudi Arabia’s Aramco, the world’s largest oil company, has surpassed the American company Apple, making the Saudi oil giant the world’s top-valued company. This came after the…
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Pressure from RBI forced us to halt crypto trading in India: Coinbase CEO
New Delhi: Top cryptocurrency exchange Coinbase quit India operations owing to “informal pressure” from the Reserve Bank of India (RBI), its CEO Brian Armstrong has revealed for the first time. The US-based…
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Mayhem in crypto market as Bitcoin drops below $30,000-mark
New Delhi: The global cryptocurrency market entered its worst phase ever on Tuesday, with Bitcoin dropping below $30,000 per coin and leaving millions of investors in a panic mode. The overall global…
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Tesla owner in China admits to fabricating brake failure story
Beijing: A Tesla owner in China who purchased one of the company’s vehicles and claimed it had faulty brakes admitted the story was fabricated in an issued apology on a Chinese social…
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Pakistan currency at all-time low against dollar
Karachi: The Pakistani currency depreciated by Rs 0.60 to an all-time low of Rs 188.66 against the US dollar in the interbank market on Tuesday, as looming uncertainty over the resumption of…
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Sony sells over 19 mn units of PlayStation 5
Tokyo: Japanese tech giant Sony said that it has sold just 2 million PlayStation 5 (PS5) units in the fourth quarter of 2021, bringing its overall total to 19.3 million. According to…
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Videotex to invest Rs 100 cr, set up new LED TV facility in Gr Noida
New Delhi: Consumer electronics contract manufacturer Videotex International on Tuesday announced to invest over Rs 100 crore and set up a new LED TV manufacturing facility in Greater Noida that will create…
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BharatPe to ‘claw back’ Ashneer’s restricted shares, blocks vendors
New Delhi: Leading fintech platform BharatPe on Tuesday said it has initiated necessary action against the company’s former founder Ashneer Grover to “claw back his restricted shares as per the shareholders’ agreement”…
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GST Council mulling 28% tax on Bitcoin, other cryptocurrencies
New Delhi: In what could further dampen the mood of crypto investors in the country, the goods and services tax (GST) council is mulling a 28 per cent tax on cryptocurrencies, at…
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Rs 16K is now record average selling price of smartphones in India
New Delhi: The average selling prices (ASPs) of smartphones continued to rise for the fourth consecutive quarter in India, hitting an all-time high of $211 (nearly Rs 16,323) in the January-March quarter,…
