Business
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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…
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RBI issues alert against prepaid payment instruments by illegal entities
Mumbai: The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities. “Members of public are urged to exercise utmost caution while using websites/…