Business
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Global smartphone shipments down 9% in Q2: Canalys report
New Delhi: Global smartphone shipments fell to 287 million units in the second quarter (Q2), a massive 9 per cent drop, as component orders are being cut rapidly and suppliers have started…
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AWS now has $79 bn annual sales run rate as top Cloud provider
New Delhi: Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the leading Cloud provider once again.…
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ZEE Entertainment-Culver Max merger proposal gets BSE, NSE nod
Chennai: ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said it has got the approval from the two Indian stock exchanges for its proposed merger with Culver Max Entertainment Private Ltd. In a…
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Ola may lay off 1,000 employees to ramp up EV plans
New Delhi: As Bhavish Aggarwal-led Ola aims to ramp up its electric vehicle (EV) business, media reports have claimed that the ride-hailing platform is laying off around 1,000 employees from across verticals.…
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HDFC Q1 net profit rises to Rs 3,669 crore
Mumbai: Home finance major Housing Development Finance Corporation Ltd (HDFC) closed the first quarter of FY23 with 22 percent growth in its net profit. According to the company, it had posted an…
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Hyundai Motor names new CEO for US operations
Seoul: Hyundai Motor, South Korea’s biggest carmaker, said on Friday it has named a new chief executive for its US operations amid the prolonged chip shortage. Hyundai has promoted Randy Parker to…
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PhonePe reaches amicable settlement with Affle Global to acquire OSLabs
Singapore: PhonePe Pte.Ltd., India’s leading digital payments platform announced the acquisition of OSLabs, a mobile platform that enables content and app discovery for users and app developers. PhonePe, AGPL Pte. Ltd. and…
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Apple now has over 860 mn paid subscriptions across services
San Francisco: Tech giant Apple has announced that it now has over 860 million paid subscribers across all of its services, which includes Apple Music, Apple TV+, Apple News, iCloud, and more.…
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iPhone revenue reaches $40.7 bn despite headwinds in June quarter
New Delhi: Riding on the iPhone 13 series, Apple saw its iPhone revenue jump 3 per cent to a record $40.7 billion in its June quarter. The iPhone growth was achieved “despite…
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Rupee rises 15 paise to close at 79.76 against US dollar
Mumbai: The Indian rupee appreciated 15 paise to close at 79.76 against the US dollar on Thursday on hopes of a slower pace of rate hike by the US Fed in the…
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Indian stock markets rise on Thursday
Mumbai: The Indian stock indices went up on Thursday with the BSE Sensex gaining 1,041.47 points and the NSE Nifty 287.80 points. The Sensex closed at 56,857.79 points while the broader Nifty…
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Apple ropes in Lamborghini executive to help boost EV programme
San Francisco: With an aim to boost its electric autonomous vehicle programme, tech giant Apple has onboarded a veteran Luigi Taraborrelli of car maker Lamborghini, media reports say. According to Taraborrelli’s LinkedIn…
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Samsung logs record $8.5 bn profit on server chips, warns of market uncertainties
Seoul: Samsung Electronics on Thursday reported its second-quarter net profit of $8.5 billion, up 15.2 per cent from a year earlier, on the back of robust demand for server chips. Operating profit…
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Rivian bids goodbye to nearly 800 employees: Report
San Francisco: With an aim to ramp up future versions of its electric vehicles, electric car maker Rivian has confirmed that it is laying off around 6 per cent of its 14,000…
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Qualcomm sales up 37%, mobile biz crosses $6 bn riding on Snapdragon chips
New Delhi: Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its patent license agreement with Samsung…