Business
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Sensex extends gains for 6th day to reclaim 56k mark; bank, finance stocks shine
Mumbai: Equity benchmark Sensex stretched its winning run to the sixth straight session on Friday to reclaim the 56,000-level due to robust gains in banking and financial stocks amid a largely positive…
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Kia reports 40% jump in Q2 profit riding on high-end SUVs
Seoul: Automaker Kia said on Friday that its second-quarter net profit jumped 40 per cent from a year earlier on an improved product mix and a weak won. Net profit for the…
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Foreign exchange reserves fall USD 7.541 bn to USD 572.712 bn
Mumbai: The country’s foreign exchange reserves declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to…
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Reliance Jio posts robust set of numbers for Q1 FY23
Mumbai: Reliance Jio posted a robust set of numbers for Q1 FY 23 results announced on Friday. As per the results, Reliance Jio revenue from operations jumped 21.6 percent to Rs 21,873…
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Rupee falls 5 paise to end at 79.90 against US dollar
Mumbai: The rupee fell by 5 paise to close at 79.90 against the US dollar on Friday as stronger American currency and elevated crude oil prices weighed on investor sentiment. However, a…
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QR code labelling on electronics items to start soon: Top industry body
New Delhi: The decision by the Department of Consumer Affairs on mandatory QR code labeling on various packaged commodities including electronics, will de-clutter the information for the consumers needed at the time…
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Smartphone shipments fall 5% in India in Q2 amid dwindling demand
Bengaluru: The smartphone shipments reached 36.4 million units in the second quarter (Q2) in India, a 5 per cent decrease from the previous quarter, with major brands struggling to shift units as…
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Samsung aims to build 11 more chip plants worth $200 bn in US
Seoul: Samsung Electronics floated an idea of investing nearly $200 billion to build 11 more chip plants in the US over the next two decades, documents filed with the state of Texas…
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Nokia bullish on India’s 5G roadmap: CEO
New Delhi: As the global penetration rates for both fibre and 5G excluding China still remain very low, Nokia is bullish on the 5G roadmap in India which is an important country…
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ADB cuts India GDP forecast for FY23 to 7.2 pc on Covid
New Delhi: Asian Development Bank (ADB) on Thursday trimmed India’s economic growth forecast for current fiscal year to 7.2 percent from 7.5 percent as pandemic and war impact is weighing down alongside…
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Rupee rises 20 paise to close at 79.85 against US dollar
Mumbai: The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 (provisional) against the US dollar on Thursday following overall weakness in crude oil prices and…
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Ford plans to cut 8K jobs to help fund its EV plans: Report
San Francisco: With an aim to fund its plans to build electric vehicles (EVs), popular automaker Ford is likely planning to cut up to 8,000 jobs over the coming weeks, media reports…
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Oracle Database Service for Microsoft Azure now available for all users
San Francisco: The Oracle Database Service for Microsoft Azure is now generally available and Azure Cloud customers can directly access and monitor enterprise-grade services in Oracle Cloud Infrastructure (OCI), the companies have…