Business
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Advocacy groups seek to block Musk’s Twitter deal
San Francisco: Nearly a dozen advocacy groups have launched a new campaign against Elon Musk to block his $44 billion takeover deal, as the micro-blogging platform said the waiting period for the…
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Gaming platform WinZo sues Mobile Premier League over copyright violation
New Delhi: India’s largest vernacular gaming platform WinZo has filed a lawsuit in Delhi High Court against gaming unicorn Mobile Premier League (MPL) over alleged copyright violation. WinZo said in a statement…
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Rupee pares initial gains, settles 6 paise lower at 77.66 per USD
Mumbai: The rupee pared initial gains and settled 6 paise lower at 77.66 against the US dollar on Friday, in line with a muted trend in domestic equities. Forex traders said persistent…
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Forex reserves up by USD 3.854 bn to USD 601.363 bn
Mumbai: The country’s foreign exchange reserves increased by USD 3.854 billion to USD 601.363 billion in the week ended May 27, according to RBI data. In the previous week, the reserves rose…
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Pinterest acquires AI shopping startup ‘The Yes’
New Delhi: Photo sharing social media platform Pinterest has acquired AI-powered shopping startup ‘The Yes’ for an undisclosed sum. THE YES was founded in 2018 by CEO Julie Bornstein, an ecommerce and…
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New York halts Bitcoin mining for 2 years, ‘grim day’ for Blockchain
New York: In bad news for Bitcoin and Blockchain lovers, the New York State on Friday passed a bill to halt new permits for certain fossil fuel power plants to be used…
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Mukesh Ambani beats Gautam Adani, becomes India’s richest person once again
New Delhi: Reliance Industries Limited Chairman Mukesh Ambani has once again become the richest person in India after his net worth surpassed Gautam Adani’s net worth. With a net worth of $104.7…
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Samsung again collaborates with Google on 2nd Gen Tensor SoC: Report
Seoul: South Korean tech giant Samsung is reportedly once again working with tech giant Google to create the next 2nd Generation Tensor SoC that will be underpinned in the upcoming Pixel 7…
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Apple stopped $1.5 bn in fraudulent transactions on App Store in 2021
New Delhi: Apple protected customers from more than $1.5 billion in potentially fraudulent transactions on the App Store in 2021, the company has informed. This prevented attempted theft of the App Store…
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Volvo joins Epic Games to power its next-gen electric cars
New Delhi: European carmaker Volvo on Wednesday announced a collaboration with Fortnite game developer Epic Games to use its 3D creation platform ‘Unreal Engine’ to power its next generation of electric cars.…
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Apple shifting some iPad production to Vietnam amid China lockdowns
Taipei: In a first such move, Apple is reportedly planning to shift some iPad production out of China to Vietnam amid Covid-lockdowns in and around Shanghai, a media report said on Wednesday.…
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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…
