Business
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Ford confirms to layoff 3,000 staff in US, India: Report
San Francisco: The US-based car maker Ford Motor has reportedly confirmed that it is laying off roughly 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada…
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Chingari’s first video NFT marketplace to empower creators, buyers
New Delhi: Short-video making app Chingari on Tuesday announced its first-ever video non-fungible token (NFT) marketplace, Creator Cuts, to let creators mint their videos and sell them on the marketplace. The platform…
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Markets open lower; turn volatile later
Mumbai: Equity benchmarks began the trade on a weak note on Tuesday amid a sell-off in world stock markets but later traded with high volatility. The 30-share BSE Sensex fell 601.39 points…
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Apple, Google, Netflix, Amazon India execs to depose before Par panel
New Delhi: Top executives of the Indian arms of Apple, Google, Amazon, Netflix and Microsoft are scheduled to depose before a parliamentary panel looking into anti-competitive practices in the digital space later on…
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Apple expands self repair programme to Mac notebooks for customers
New Delhi: Apple has expanded its self service repair programme to MacBook Air and MacBook Pro notebooks with the M1 family of chips. The company said it will provide repair manuals and…
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Online searches for 5G smartphones up 2 times in India
New Delhi: There has been nearly 2 times increase in searches for 5G smartphones on Flipkart in the first half of 2022 compared to the same period last year, the e-commerce platform…
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Only 1% Indians plan to buy e-scooters in next 6 months, safety top concern
New Delhi: As the government probes multiple fires in electric two-wheelers, only 1 percent household consumers plan to buy an e-scooter in the next six months amid safety and performance concerns, a…
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Rupee ends flat at 79.84 against US dollar
Mumbai: The rupee recovered early losses to close flat at 79.84 against the US dollar on Monday amid a strong greenback overseas and massive sell-off in equities. However, lower crude oil prices…
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Gautam Adani widens gap with Mukesh Ambani, likely to surpass Jeff Bezos
Mumbai: Adani Group founder and India’s richest person Gautam Adani on Monday widened the gap with Mukesh Ambani, chairman of Reliance Industries Limited (RIL). Currently, the net worth of Adani is $143.2…
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Rupee gains 4 paise to 79.80 against US dollar in early trade
Mumbai: The rupee appreciated 4 paise to 79.80 against the US dollar in opening trade on Monday, supported by receding crude prices in global markets and weakness in the American currency overseas.…
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Markets fall in early trade; Sensex declines nearly 420 points
Mumbai: Equity benchmarks fell in early trade on Monday with the Sensex declining nearly 420 points amid mixed global market trends. The 30-share BSE benchmark, which had started the trade on a…
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Dubai’s Emaar to sell fashion platform Namshi to Noon
Abu Dhabi: Dubai’s Emaar Properties has announced that it has decided to sell its online fashion platform Namshi to e-commerce company Noon for $335.2 million. Emaar said in a disclosure submitted to the Dubai…
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Apple CFO Luca Maestri sells stock worth $16.9 mn
San Francisco: Apple’s Chief Financial Officer Luca Maestri has sold shares worth $16.9 million as part of an arranged trading plan. According to a filing with the US Securities and Exchange Commission…
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Foreign exchange reserves decline to USD 570.74 bn
Mumbai: The country’s foreign exchange reserves fell USD 2.238 billion to USD 570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data. In the previous…