Business
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PNB Housing Finance registers 57% surge in net profit at Rs 444cr for Jan-March quarter
New Delhi: PNB Housing Finance on Monday reported a 57 per cent rise in net profit to Rs 444 crore for the January-March quarter of 2023-24, on the back of a higher…
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Google lays off entire python team citing cost-cutting measures
In a recent development, tech giant Google has allegedly fired its entire Python team, a move that has sent shockwaves through the tech industry. The decision, attributed to cost-cutting measures, involves hiring…
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Oister Global launches Rs 440 cr fund to boost India’s consumption-driven sector
New Delhi: Oister Global, which invests in private equity (PE) and venture capital (VC) funds, on Monday announced a Rs 440 crore fund (including Rs 190 crore greenshoe option) to back both…
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OpenAI, UK’s Financial Times ink content licensing deal
London: The creator of the Artificial Intelligence (AI) chatbot ChatGPT OpenAI on Monday inked a partnership pact with UK-based Financial Times (FT) to licence its content and develop AI tools. Under this…
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PayU invests in BRISKPE to simplify global payments for Indian MSMEs
New Delhi: Digital financial services provider PayU, on Monday, announced an investment of $5 million in a seed round in cross-border payments platform BRISKPE to simplify global payments for Indian MSME merchants.…
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Sensex gains 500 points led by banks
New Delhi: BSE Sensex gained 500 points on Monday led by banking stocks. Sensex was trading at 74,248 points, up by 518 points. ICICI Bank and IndusInd Bank were up more than…
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Rupee declines 5 paise to 83.43 against US dollar in early trade
Mumbai: The rupee depreciated 5 paise to 83.43 against the US dollar in early trade on Monday amid a strong American currency overseas and withdrawal of foreign funds from domestic equity markets.…
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Elon Musk makes surprise visit to Beijing; meets Li Qiang
Beijing: On a surprise visit to Beijing amid speculation that he may unveil Tesla’s autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met…
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AdaniConneX establishes India’s largest sustainability linked financing to raise up to $1.44 bn
Ahmedabad: In a bid to accelerate digital infrastructure growth in India, AdaniConneX, a JV between Adani Enterprises and EdgeConneX, on Sunday said it has established the country’s largest sustainability-linked financing to raise…
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Leading IT firms in India lost close to 70K employees in last fiscal year
New Delhi: Amid the muted revenue growth in the Indian IT services sector due to global macroeconomic headwinds, leading IT companies saw a drop of nearly 70,000 employees in the last fiscal…
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NDTV clocks 59% revenue growth in Q4, digital traffic jumps 39%
New Delhi: The NDTV Group on Friday announced 59 per cent revenue growth in the fourth quarter (Q4) of the last financial year (FY24), compared to the same period last year. NDTV…
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Rupee falls 10 paise against US dollar
Mumbai: The rupee declined 10 paise to close at 83.38 against the US dollar on Friday as a strengthening American currency overseas and a selloff in domestic equities weighed on the local…
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Bajaj Finance, Bajaj Finserv drag Sensex lower
New Delhi: BSE Sensex was down by more than 100 points on Friday, amid selling in heavyweights. Among the Sensex stocks, Bajaj Finance was down by more than 6 per cent. Bajaj…
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Blinkit now more valuable that Zomato’s core food business: Report
New Delhi: Zomato’s quick delivery service, Blinkit, has become more valuable than its core food delivery business, according to a new Goldman Sachs report. While Zomato’s food delivery business is valued at…