Business
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Top crypto exchange Blockchain.com cuts 25% of its workforce
New Delhi: Leading cryptocurrency exchange Blockchain.com has laid off 25 percent of its workforce, nearly 150 employees, amid the global economic meltdown. The digital assets trading firm said it will shut its…
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Snapchat loses $10 bn as stock hits new 52-week low
San Francisco: Snap, the parent company of Snapchat, suffered nearly $10 billion loss after its shares hit a new 52-week low over disappointing quarterly results (Q2) amid poor future forecast. The company’s…
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T-Mobile agrees to pay $350 mn in data breach affecting 77 mn users
San Francisco: Telecommunications company T-Mobile has agreed to pay $500 million to settle a class-action lawsuit in a 2021 data breach that impacted nearly 76.6 million users’ data in the US. T-Mobile…
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FIIs turning positive boosts stock markets
New Delhi: FIIs turning positive after a very long time, along with strong results, kept the momentum strong for domestic stock markets during the week. Domestic equities continued its northbound journey on…
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Sensex extends gains for 6th day to reclaim 56k mark; bank, finance stocks shine
Mumbai: Equity benchmark Sensex stretched its winning run to the sixth straight session on Friday to reclaim the 56,000-level due to robust gains in banking and financial stocks amid a largely positive…
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Kia reports 40% jump in Q2 profit riding on high-end SUVs
Seoul: Automaker Kia said on Friday that its second-quarter net profit jumped 40 per cent from a year earlier on an improved product mix and a weak won. Net profit for the…
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Foreign exchange reserves fall USD 7.541 bn to USD 572.712 bn
Mumbai: The country’s foreign exchange reserves declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to…
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Reliance Jio posts robust set of numbers for Q1 FY23
Mumbai: Reliance Jio posted a robust set of numbers for Q1 FY 23 results announced on Friday. As per the results, Reliance Jio revenue from operations jumped 21.6 percent to Rs 21,873…
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Rupee falls 5 paise to end at 79.90 against US dollar
Mumbai: The rupee fell by 5 paise to close at 79.90 against the US dollar on Friday as stronger American currency and elevated crude oil prices weighed on investor sentiment. However, a…
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Meta reportedly investing in Indian startup Better Opinions
New Delhi: Meta (formerly Facebook) is looking to invest in an Indian startup called Better Opinions, an event trading platform that allows users in the country to trade their opinions on categories…
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QR code labelling on electronics items to start soon: Top industry body
New Delhi: The decision by the Department of Consumer Affairs on mandatory QR code labeling on various packaged commodities including electronics, will de-clutter the information for the consumers needed at the time…
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Google to roll back app permissions list on Play Store
San Francisco: After initially removing them in place of Data Safety labels, tech giant Google has now said that it is rolling back the app permissions list on the Play Store. The…
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Smartphone shipments fall 5% in India in Q2 amid dwindling demand
Bengaluru: The smartphone shipments reached 36.4 million units in the second quarter (Q2) in India, a 5 per cent decrease from the previous quarter, with major brands struggling to shift units as…
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Samsung aims to build 11 more chip plants worth $200 bn in US
Seoul: Samsung Electronics floated an idea of investing nearly $200 billion to build 11 more chip plants in the US over the next two decades, documents filed with the state of Texas…
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Nokia bullish on India’s 5G roadmap: CEO
New Delhi: As the global penetration rates for both fibre and 5G excluding China still remain very low, Nokia is bullish on the 5G roadmap in India which is an important country…
