Business
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Over 14 bn eSIM devices to be shipped by 2030, smartphones to lead
New Delhi: More than 14 billion eSIM devices are likely to be shipped between 2021 and 2030, covering all form factors, a new report has shown. Smartphones will lead the charge in…
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Rupee drops 9 paise to hit lifetime low of 79.90 against US dollar
Mumbai: The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and…
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Netflix partners Microsoft for new ad-supported subscription plan
New Delhi: Hit by a dwindling user base, streaming giant Netflix has partnered Satya Nadella-run Microsoft for its new ad-supported subscription plan for its over 221 million subscribers. Microsoft will be Netflix’s…
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Govt should not allow backdoor entry to Big Tech for 5G: COAI
New Delhi: The Cellular Operators Association of India (COAI), the industry’s apex body representing telcos, on Thursday urged the government not to allow Big Tech companies to enter the 5G spectrum auction…
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Samsung logs 20% growth in India biz, targets $1 bn from Galaxy M series
New Delhi: Samsung’s business has grown at over 20 per cent (by value) in India in the first half of this year compared to the same period last year, and the company…
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Tesla’s Autopilot AI director quits amid widespread layoffs
New Delhi: Andrej Karpathy, Tesla’s director of AI, who led the Autopilot vision team, on Thursday announced that he is leaving the company as the electric car-maker keeps laying off thousands across…
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Sri Lanka warns public not to use cryptocurrencies amid economic upheaval
Colombo: The Central Bank of Sri Lanka has warned the public from using cryptocurrencies amid the grave economic crisis in the country, saying that this market is “largely unregulated”. The bank, CBSL,…
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Rupee slips 14 paise to fresh low of 79.59 per US dollar
Mumbai: The rupee weakened by 14 paise to close at a new lifetime low of 79.59 against the US dollar on Tuesday as a strong greenback overseas and persistent foreign fund outflows…
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India’s external debt not a cause to worry: Experts
Chennai: India’s external debt of $620.7 billion need not be a concern as $490 billion is non-government and the share of government is only $130.8 billion, said experts. According to Reserve Bank…
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Bitcoin may hit record-low of $10K per digital coin soon
New Delhi: As Bitcoin hovers below $20,000 per digital coin, industry experts fear that the leading cryptocurrency may tumble to $10,000 soon. Bitcoin, already down nearly 70 per cent from its record-high…
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Twitter still thinks the $44 bn Musk deal is not terminated
New Delhi: Despite Tesla CEO Elon Musk declaring that he has terminated the $44 billion Twitter deal, the micro-blogging platform’s position continues to be “the agreement is not terminated.” Twitter lawyers from…
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Most Indian businesses now investing in risk management capabilities: Report
New Delhi: In the current turbulent business environment, nearly eight in 10 business executives in India say that keeping up with the speed of digital and other transformations is a significant risk…
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Razorpay gets RBI approval for Payment Aggregator license
Bengaluru: Fintech platform Razorpay on Monday said it has received in-principle approval by the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license. The central bank issued a payment aggregator…
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Twitter shares tank 6% amid Elon Musk’s walkout
New Delhi: Shares of microblogging site Twitter fell about 6 per cent in premarket trading on Monday, amid the recent walkout by Elon Musk. The world’s richest person on Friday terminated the…
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BYJU’S says received funds from 11 out of 13 VCs in Rs 3,600 cr round
New Delhi: Edtech platform BYJU’s on Monday said that the company has received funds from 11 out of 13 investors in a Rs 3,600 crore funding round which started in June last…
