Business
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Equities settle low on continued fund outflows; Sensex slips over 400 pts
New Delhi: Continued selling-off pressure by foreign institutional investors coupled with weakness in rupee subdued Indian equity indices on Friday. Accordingly, Sensex settled 0.7 percent or 427 points down at 59,037 points,…
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Apple lowers trade-in value for Android smartphones
San Francisco: Apple has significantly reduced the amount of discount users get when they trade in their Android smartphones for an Apple device. According to MacRumors, the company has changed the official…
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Intel to invest $20 bn on 2 new chip factories in US
San Francisco: Chip-maker Intel on Friday said it will invest more than $20 billion to build two new factories int US for advanced chipmaking, as the world grapples with semiconductor shortage. The…
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Lamborghini, Mercedes-Benz, other luxury cars see rise in sales in 2021
New Delhi: Lamborghini, Mercedes-Benz, and Porsche reported a rise in their 2021 sales. The year has been proved to be the best year for Lamborghini as it recorded all-time high sales. In…
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Walmart invites Indian sellers to expand overseas via its marketplace
Bengaluru: Retail giant Walmart on Thursday announced that it is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million US…
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Delhi govt launches portal for info on EVs
New Delhi: In view of providing all necessary information on electric vehicles (EVs) in the national capital on a single platform, the Delhi government launched a dedicated portal on Thursday. The government’s…
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FII outflows plunge equity indices; Sensex, Nifty settle 1% down
Mumbai: Outflow of foreign funds plunged India’s key equity indices — S&P BSE Sensex and NSE Nifty50 — deeply in the red on Thursday. Besides, global inflationary woes as well as rise…
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Toyota launches lifestyle utility vehicle Hilux
New Delhi: Automaker Toyota Kirloskar Motor (TKM) on Thursday , launched “Hilux” lifestyle utility vehicle. According to the company, the Ex-showroom prices of the new vehicle will be announced in March 2022…
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Rupee slips 7 paise to end at 74.51 against USD
Mumbai: The Indian rupee weakened by 7 paise to close at 74.51 against the US dollar on Thursday as sustained foreign fund outflows and rising crude oil prices hurt forex market sentiment.…
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Moody’s upbeat on premium growth of Indian insurers
Chennai: Indian insurers are expected to see a jump in their premium income during the post-pandemic economic recovery phase driven by health and protection policies, said global credit rating agency Moody’s Investors…
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Equities settle low for second straight session; Sensex slips 656 pts
New Delhi: The Indian equity indices — S&P BSE Sensex and NSE Nifty50 — settled sharply lower for the second consecutive session on Wednesday. Till Monday, indices had been consistently trading on…
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Ford India closure: Compensation talks on with workers
Chennai: A couple of rounds of talks on the compensation to be paid to the workers have been held between the representatives of Ford India Private Ltd’s workers and the management, said…
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Sony shares slump after Microsoft’s largest buyout in gaming history
New Delhi: Shares of Japanese technology giant Sony have slumped in Tokyo trade after Microsoft said it plans to buy mega games company Activision Blizzard, BBC reported. The deal worth $68.7 bn,…
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Tata Motors to raise passenger vehicle prices
Mumbai: Automobile manufacturer Tata Motors will marginally increase the price of its passenger vehicles from Wednesday (January 19). According to the company, there will be an average increase of 0.9 per cent,…
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Reliance pumps in up to $132 mn in Noida-based robotics firm Addverb
New Delhi: Leading homegrown robotics company Addverb Technologies on Tuesday said that Reliance is investing up to $132 million in the company to become its largest shareholder. The funding will accelerate its…
