Business
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IBM to acquire 2 data integration platforms from Software AG for $2.3 bn
San Francisco: Tech major IBM on Monday announced to acquire two data integration assets from Germany-based enterprise software company Software AG for 2.13 billion euros ($2.3 billion). IBM entered into a definitive…
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Telecom Bill drops OTT reference, mandates biometric identification for new SIM cards
New Delhi: The Telecommunications Bill 2023 has excluded over the top (OTT) services in its definition of telecom services which comes as a sigh of relief for such players. The new version…
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MediaTek, Nvidia join hands to power AI-led next-gen vehicles
New Delhi: Chip making giant MediaTek on Monday said that it has partnered with chip maker Nvidia to provide a global one-stop shop for the automotive industry, designing the next-gen of intelligent,…
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Blue Planet receives $35 mn IFU funding to boost key operations in India
New Delhi: Blue Planet Environmental Solutions, a sustainable waste management company with operations in India, South-East Asia and the UK, on Monday said it has received $35 million investment from The Investment…
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FIIs turn big buyers with Rs 20,000 cr of stocks in two weeks
New Delhi: FIIs, who have made a ‘U’ turn in their strategy, have turned big buyers having invested around Rs 20,000 crore, including bulk purchase, in the last two weeks, says V…
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Zee asks Sony to extend deadline for merger
New Delhi: Zee Entertainment has asked Culver Max Entertainment, formerly known as Sony Pictures Network India, to extend the date required to make the merger scheme effective. The deadline for the merger…
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Markets expected to consolidate due to elevated valuations
New Delhi: Geojit Financial Services Head of Research Vinod Nair has said a near-term consolidation in the market is expected due to elevated valuations, concerns over El Nino, and a slowdown in…
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Hyundai Motor joins UAE’s sovereign wealth fund for eco-friendly mobility
Seoul: Hyundai Motor, South Korea’s top carmaker, said on Sunday it will join hands with the United Arab Emirates’ sovereign wealth fund as part of efforts to strengthen its presence in the…
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Adani group granted Dharavi project via fair Bidding
Mumbai: The Dharavi project was awarded to the Adani Group through a fair, open and internationally competitive bidding process, the spokesperson of Dharavi Redevelopment Project Pvt Ltd (DRPPL) said in a statement.…
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Adani ‘Green Talks’ supports 5 social impact startups
Ahmedabad: The Adani Group, India’s fastest growing portfolio, held the third edition of ‘Green Talks’ here on Friday. The founders of five startups presented their ideas at the event that aims to…
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India’s forex reserves rise to 4-month high of $606.9bn
Mumbai: India’s foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday. The increase…
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E-com player Temu sues Shein for ‘Mafia-style’ intimidation of merchants
San Francisco: Growing e-commerce marketplace Temu has sued its rival Shein, alleging that the online shopping giant is using “Mafia-style” intimidation tactics on merchants. In the lawsuit filed in the US, Temu…
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Samsung introduces new PC series ‘Galaxy Book4’ powered by AI
New Delhi: Samsung on Friday introduced its new PC series “Galaxy Book4” powered by artificial intelligence (AI), which includes — Book4 Ultra, Book4 Pro and Book4 Pro 360. The latest series will…
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Hero MotoCorp acquires extra 3% stake in Ather Energy for Rs 140 cr
New Delhi: Hero MotoCorp has acquired an additional 3 per cent stake in electric vehicle manufacturer Ather Energy for nearly Rs 140 crore. Hero MotoCorp made the investment through the purchase of…