Business
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Sensex up by 110 points after a positive opening
Mumbai: The Indian stock indices are up on Tuesday, following the positive trend in the broader market. At 9:50 a.m., Sensex was up by 110 points or 0.14 per cent at 72,887…
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Zomato to surrender RBI licence to operate as online payment aggregator
New Delhi: Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to…
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India signs 10-year pact to operate Chabahar Port in Iran
New Delhi: India on Monday signed a 10-year contract with Iran to develop and operate the Shahid Beheshti terminal at Chabahar port on Iran’s south-eastern coast. The contract was signed in Tehran…
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India’s debt: GDP ratio is much lower than US, Japan, France, UK: Sitharaman
New Delhi: Finance Minister Nirmala Sitharman said on Monday that India has fared relatively well compared with other countries as far as the government debt to GDP ratio is concerned and the…
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Govt plans to mandate anti-fake review rules for e-commerce firms
New Delhi: The government is considering to make it mandatory for e-commerce companies to comply with quality norms for consumer reviews after a voluntary push failed to effectively curb fake reviews, a…
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Paytm focuses on UPI Lite Wallet for low-value daily payments
New Delhi: One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, on Monday, said that it is now focusing on UPI Lite wallet to move the users who…
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Zomato’s Blinkit turns adjusted EBITDA positive, aims 1,000 stores in FY25
New Delhi: Zomato on Monday said that its quick commerce business Blinkit turned adjusted EBITDA positive in March, as the online food delivery platform clocked Rs 194 crore in adjusted EBITDA for…
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Proptech platform Square Yards’ expenses surge to over Rs 1,220 crore in FY24
New Delhi: Gurugram-based proptech company Square Yards saw its expenses grow over 25 per cent to Rs 1,220.25 crore in FY24, from Rs 926.68 crore in FY23. Employee benefits remained the biggest…
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Manufacturing, retail sectors join tech hiring wave in India: Report
Bengaluru: Driven by various government initiatives like ‘Make in India’ and production-linked incentive (PLI) schemes, the manufacturing sector, along with retail, have joined the tech hiring wave in the country, a report…
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Airtel, Google Cloud join hands to deploy GenAI solutions in India
New Delhi: Bharti Airtel and Google Cloud on Monday entered into a long-term partnership to accelerate cloud adoption and deploy generative artificial intelligence (GenAI) solutions in India. This alliance will provide Airtel…
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Rupee trades in narrow range against US dollar in early trade
The rupee was trading in a narrow range against the US dollar in early trade on Monday, tracking a weak trend in domestic equities and strong American currency. Forex traders said with…
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Sensex falls 659 points; Auto, PSU stocks drag market
Mumbai: India benchmark indices fell nearly 1 per cent on Monday, following a negative trend in Asian peers. At 10:00 a.m., Sensex was down by 659 points or 0.93 per cent at…
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Sensex, Nifty tank in early trade on foreign fund outflows; Tata Motors down over 7 pc
Mumbai: Benchmark equity indices Sensex and Nifty declined in early trade on Monday amid continuous foreign fund outflows, weak trends from Asian markets and heavy selling in Tata Motors. The 30-share BSE…
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No plan to launch Google search engine rival: OpenAI’s Sam Altman
New Delhi: OpenAI CEO Sam Altman on Saturday refuted reports that his artificial intelligence (AI) company is going to launch a search engine like Google. Focus on AI Goals: Enhancing ChatGPT and…
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Over $320 mn raised by 24 Indian startups this week
New Delhi: More than $320 million has been raised by 24 Indian startups in funding this week, which includes 7 growth-stage deals and 13 early-stage deals. Four early-stage startups did not disclose…
