Business
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India can reach $300 bn electronic manufacturing by 2026: MeitY-ICEA
New Delhi: Indian can reach $300 billion worth of electronics manufacturing and exports by 2025-26 — nearly four times from the current $67 billion — if specific product segments with high potential…
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Swiggy raises $700 mn to boost quick grocery delivery business
New Delhi: Food delivery platform Swiggy on Monday said it has raised $700 million led by Invesco, which will be utilised to double down efforts on its quick-commerce grocery service Instamart. With…
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Galaxy S22 European price revealed ahead of launch
Seoul: Samsung is planning to launch its next premium flagship S22 series, the Galaxy S22, Galaxy S22+ as well as the Galaxy S22 Ultra next month and now the pricing for the…
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India IT spending to touch $105 bn in 2022: Gartner
New Delhi: The IT spending in India is set to reach $105.2 billion in 2022 — an increase of 5.5 per cent from 2021, a new Gartner report showed on Monday. Despite…
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T-Series, Hungama enter Metaverse with NFTs
New Delhi: T-Series, Asia’s largest music label, on Monday announced its foray into Non-Fungible Tokens (NFTs) in association with Hefty Entertainment, a division of Hungama, one of the largest digital media entertainment…
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Ola Electric raises $200 mn to reach $5 bn valuation
New Delhi: Ola Electric on Monday announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round values the company at $5 billion.…
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Sensex drops over 200 pts in early trade; Nifty slips below 17,600
Mumbai: Equity benchmark Sensex slumped over 200 points in opening trade on Monday, tracking losses in index majors Wipro, Bajaj Finserv and Infosys amid a largely negative trend in global markets. Besides,…
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Shree Cement to decide on FY22 interim dividend on Feb 4 Board meet
New Delhi: Cement producer Shree Cements, in its next Board meeting, which is now scheduled to be held on February 4, is expected to declare the interim dividend for FY22. Earlier, the…
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Dolo 650 breaks sales record, manufacturer turns billionaire
New Delhi: The Covid-19 pandemic has made several healthcare and pharma players billionaires and the makers of Dolo-650 — the most prescribed medicine during the pandemic having sold more than 350 crore…
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Interest subventions on home loans key to ‘Housing for All’, says NAREDCO Prez
New Delhi: With a target in hand to achieve ‘Housing for All by 2022, the Centre should consider providing full interest subvention on affordable loans for those who are purchasing their first…
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Tepid two-wheeler sales to subdue FY22 YoY domestic auto volumes: Ind-Ra
New Delhi: Tepid two-wheeler demand, along with reduced disposable income of entry-level vehicles buyers, are expected to subdue domestic sales volume in FY22 on a year-on-year basis, said India Ratings and Research…
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Shiv Sena MP urges Sitharaman to fix special interest rates for senior citizens
New Delhi: Shiv Sena leader Priyanka Chaturvedi has urged Finance Minister Nirmala Sitharaman to provide a special interest rate on bank fixed deposits for senior citizens and remove the cap on investments…
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Resident real estate sector poised for upcycle: MOFSL
New Delhi: India’s resident real estate sector is poised for an upcycle, primarily buoyed by the improved affordability, said Motilal Oswal Financial Services Limited. As per MOFSL, decadal low interest rate regime…
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Fewer launches subdue pharma market’s Dec sequential growth
New Delhi: Lower volumes along with fewer number of new launches subdued Indian Pharmaceutical Market (IPM) growth during December 2021 on a sequential basis. As per India Ratings and Research (Ind-Ra), IPM…
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Yes Bank’s Q3 net profit up over 76% YoY
Mumbai: Private lender Yes Bank on Saturday reported a rise of 76.8 per cent year-on-year in its net profit for the third quarter of FY22. The bank’s net profit rose to Rs…
