Business
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Jio Platforms invests $15 mn in AI, VR startup Two Platforms
New Delhi: Jio Platforms announced on Friday that it has invested $15 million in Two Platforms (TWO) for a 25 per cent equity stake. The startup — Two Platforms — is an…
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Hyundai’s January sales fall 12% amid chip shortage
Seoul: Hyundai Motor, South Korea’s biggest carmaker, has announced its sales fell 12 per cent last month from a year earlier amid global chip shortages. Hyundai Motor sold 2,82,204 vehicles in January,…
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Forex reserves down by USD 4.531 bn to USD 629.755 bn
Mumbai: The country’s foreign exchange reserves declined by USD 4.531 billion to stand at USD 629.755 billion in the week ended January 28, RBI data showed on Friday. In the previous week…
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BharatPe Founder seeks removal of new CEO from board, firm says wait for audit
New Delhi: In a fresh twist to the ongoing BharatPe saga, the fintech platform’s Co-founder and Managing Director Ashneer Grover has now written to the company board asking for the removal of…
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Mukesh Ambani, Gautam Adani become wealthier than Zuckerberg
Mumbai: Adani Group founder and chairman Gautam Adani and Reliance Industries Limited (RIL) chairman Mukesh Ambani on Thursday became wealthier than Facebook CEO Mark Zuckerberg. At present, the net worth of Adani…
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Third Covid wave, microchip shortage dented auto sector’s Jan sales: Experts
New Delhi: The third Covid wave along with microchip shortage leading to lower production and elongated waiting periods dented January 2022 sales of key automobile players. “On account of Covid-19, sluggish rural…
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Equity settles in red, Nifty IT top losers; sugar stocks gain
New Delhi: India’s key benchmark equity indices — S&P BSE Sensex and NSE Nifty50 — settled in the red on Thursday due to profit booking after the recent rally coupled with subdued…
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Wheels India posts Rs 20.60 crore PAT for Q3
Chennai: Automotive wheels major Wheels India Ltd on Wednesday said it had closed the third quarter of FY23 with a net profit of Rs 20.60 crore. In a statement issued here, the…
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Fiscal Push: Budget FY23, value buying lift equity indices
Mumbai: Stock buying sentiment triggered by Union Budget as well as attractive valuations lifted India’s key equity indices — S&P BSE Sensex and NSE Nifty50 — on Wednesday. Initially, the domestic equity…
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Google’s parent firm Alphabet logs record $257 bn revenue in 2021
San Francisco: Google’s parent company Alphabet has registered a record $257 billion in annual revenue for full year 2021 — a 41 per cent (on-year) jump from previous year, as the pandemic…
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Sensex surges over 400 pts in early trade; Nifty breaches 17,650-level
Mumbai: Equity benchmark Sensex climbed over 400 points and the Nifty breached the 17,650-level in the opening session on Wednesday, a day after the Union Budget proposed higher spending on infrastructure to…
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Rupee gains 11 paise to 74.71 against US dollar in early trade
Mumbai: The rupee appreciated 11 paise to 74.71 against the US dollar in the opening trade on Wednesday, supported by positive domestic equities and weak American currency. At the interbank foreign exchange,…
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Tesla recalls ‘self driving’ feature that lets cars roll through stop signs
San Francisco: Electric vehicle company Tesla is disabling a self-driving feature in nearly 54,000 vehicles that can prompt cars to autonomously perform a “rolling stop” — a maneuver in which the vehicle…
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Equities cheer Budget; Tata Steel, L&T among top gainers
New Delhi: The Indian equities have continued gains from the morning session and closed sharply higher on the Budget day as the Centre continued with its strong capital expenditure spending for FY23.…
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Union Budget: Sops for capex, infra, MSME, electric vehicles
New Delhi: The outlay for capex has been significantly enhanced by 35 per cent from Rs 5.5 lakh crore to Rs 7.5 lakh crore in the Union Budget, which is more than…
