Business
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Challenges in increasing supply will likely keep electricity prices high
New Delhi: Rise in summer time electricity demand, as well as strong economic growth and challenges in increasing power generation, will likely keep short-term electricity rates high in the near term, said…
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Ashneer hits out at BharatPe board members for ‘snatching keys’
New Delhi: Former Co-founder and managing director of BharatPe, Ashneer Grover, on Thursday once again hit at the board members of the fintech company, saying snatching the keys and running a corner…
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Meta planning ‘Zuck Bucks’ digital currency as crypto dream fails
San Francisco: Meta is reportedly planning to launch a digital currency called ‘Zuck Bucks’ — named after its Founder Mark Zuckerberg — and virtual tokens, coins and other financial services, after its…
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Zypp Electric appoints Tushar Mehta as co-founder, COO
New Delhi: EV-based last-mile delivery service provider Zypp Electric on Thursday announced the elevation of Tushar Mehta as Co-founder and Chief Operating Officer (COO). Mehta joined Zypp last year as Business head…
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Xiaomi India gets key ISO certification on distributor selection for offline distribution
Bengaluru: Leading smartphone and TV brand Xiaomi India on Thursday said it has received the key ‘ISO 9001:2015’ certification for their distributor selection and onboarding process for offline distribution. Through this step,…
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Equity indices settle low, HDFC twins share decline
New Delhi: Continuing with early session losses, the benchmark indices — Sensex and Nifty – settled Wednesday’s session in the red due to continued profit booking by investors. Also, the benchmark indices…
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IT spending in India to hit $110.6 bn despite inflation, geo-political disruption
New Delhi: The overall IT spending in India is likely to reach $110.6 billion in 2022 — growing 6.3 per cent from 2021 – as inflation, geo-political disruption and talent shortages are…
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Not necessary to activate ‘Counter-Cyclical Capital Buffer’: RBI
New Delhi: The Reserve Bank of India (RBI) on Tuesday said that it is not necessary to activate ‘Counter-Cyclical Capital Buffer’ at this point in time. In financial parlance, the ‘CCyB’ applies…
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Equities extend losses; MPC meet in focus for fresh cues
New Delhi: The benchmark indices — Sensex and Nifty — extended their losses for the second consecutive session on Wednesday primarily due to profit booking after a consistent rally in recent sessions.…
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Twitter appoints Elon Musk to its board of directors
New Delhi/San Francisco: In a significant development, Indian-origin Twitter CEO Parag Agrawal on Tuesday announced that the company has appointed Tesla and SpaceX CEO Elon Musk to its board of directors. Musk,…
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Wipro will continue to invest in Telangana: Azim Premji
Hyderabad: Wipro will continue to invest in Telangana as the state government here is progressive, Founder-Chairman of Wipro Group, Azim Premji, said on Tuesday. “Wipro will continue to invest here because we…
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Return of FIIs: Valuations attract foreign capital after 6-month hiatus
Mumbai: Attractive valuations, as well as a downward correction in commodity prices, have triggered an inflow of FII funds into India’s equity market. The market has seen an inflow of over Rs…
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Shares of Tata Motors shift gear on firm sales volumes
New Delhi: Shares of Tata Motors rose on Tuesday in an otherwise subdued broader market. The shares of the automaker gained 6 percent in the past three trading days as the company…
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Adani richer than Microsoft’s Steve Ballmer, RIL’s Mukesh Ambani
New Delhi: For the time, India’s richest person and the founder-cum-chairman of Adani Group, Gautam Adani became richer than Microsoft’s Steve Ballmer and Reliance Industries Limited’s Mukesh Ambani. With a net worth…
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Rupee surges 21 paise to 75.53 against US dollar
Mumbai: Starting the financial year 2022-23 on a bullish note, the rupee spurted 21 paise to close at a one month-high of 75.53 against the US dollar on Monday, supported by a…
