Business
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Alibaba best-paying tech company in China despite crackdown
Beijing: Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent…
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Binance Labs announces $500 mn fund for Blockchain, Web3.0 startups
New Delhi: As venture capital (VC) funds squeeze the flow of money to traditional startups and invest in emerging tech like Web3.0, Binance Labs, the venture capital and incubation arm of leading…
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Workplace platform Slack enters India to help firms establish ‘digital HQs’
New Delhi: Workplace communication platform Slack on Wednesday announced to official enter the Indian market, to help companies navigate the transition to a hybrid workplace by establishing digital headquarters. Slack, which has…
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Slice raises $50 mn led by Tiger Global, to boost UPI product
Bengaluru: Fintech company slice on Wednesday said it has raised $50 million as part of its larger series C round led by Tiger Global, adding that it will use new capital to…
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Facebook’s parent company to change stock ticker to META on June 9
San Francisco: Meta has announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’ prior to market open on June 9, 2022. The company said…
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China’s real estate mess put global economy on crutches
Beijing: The deep recession in China’s real estate companies is becoming a major problem for the country as well as for the world’s economy. The property market was one of the few…
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Rupee recovers from record low, rises 14 paise against US dollar in early trade
Mumbai: Recovering from its record low, the rupee rose by 14 paise to 77.57 against the US dollar in early morning trade on Wednesday. At the interbank foreign exchange, the rupee opened…
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Sensex jumps 225 points in early trade; turns choppy later
Mumbai: The Sensex jumped 225 points in early trade on Wednesday, but later pared all the initial gains as volatility emerged amid mixed trends from Asian markets. The 30-share BSE benchmark Sensex…
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Ford India workers continue their protest inside, outside factory
Chennai: Around 2,000 workers of Ford India Private Ltd continued their protest from inside and outside the factory near here, demanding better final compensation as the company has decided to shut down…
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Indian EV makers to soon follow BIS standards for batteries amid fires
New Delhi: As fires and explosions in electric two-wheelers continue unabated, the government is all set to introduce EV battery standards (BIS standards) for EV two-wheelers that will be expanded to four-wheelers…
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Over 75% of Bitcoin miners’ earnings going into soaring electricity costs
New Delhi: Bitcoin miners are spending more than 75 per cent of their earnings in soaring electricity costs, resulting in a significant carbon footprint which is damaging to our environment, a new…
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Andhra Pradesh: Essar Ports Vizag terminal poised for strong FY23
Mumbai: Essar Vizag Terminal Limited (EVTL) operating India’s largest Ore Handling Complex in Visakhapatnam Port has recorded 1.3 MMT of cargo handling for April 2022, i.e., a run rate in excess of…
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StrideOne raises Rs 250 cr to help startups meet financing needs
New Delhi: Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks. StrideOne, founded…
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iPhone maker Foxconn foresees recovery amid global uncertainties
Taipei: Leading iPhone manufacturer Foxconn on Tuesday said that despite the global macro-economic factors affecting businesses worldwide, it will have a better than expected full-year performance as supply chain improves in China…
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Sensex falls 407 points in early trade; Nifty tests 16,500 level
Mumbai: Benchmark indices declined on Tuesday after a three-day rally, with the Sensex falling 407 points in early trade, mainly dragged down by selling in index majors Infosys, TCS and HDFC. The…
