Business
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Telecom gear firm Parallel Wireless lays off 500, including in India
New Delhi: Telecom gear provider Parallel Wireless has laid off at least 500 employees in India, Israel, the UK and the US. Parallel Wireless is one of the leading vendors in the…
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Hyundai to create new US affiliate after $10.5 bn investment pledge
Seoul: Hyundai Motor Group said on Thursday it is setting up a new investment affiliate in the US, in a follow-up to its pledge to invest $10.5 billion in the world’s largest…
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Cryptocurrencies are clear danger to financial systems: RBI Governor
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that cryptocurrencies are a clear danger to the financial systems, adding that we must be mindful of the emerging…
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Over 60K startup employees stare at job loss as India prepares for 200 unicorns
New Delhi: As startups in India keep firing their staff to navigate through the ‘funding winter’ and more than 60,000 can lose their jobs in 2022 alone, the country is preparing to…
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Why this CEO of $68 bn company wants to ‘sit at the beach and do nothing’
San Francisco: In a stunning move depicting the emptiness that loads of money can bring in your life, Andrew Formica who is CEO of London-based fund house Jupiter Fund Management has just…
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Reliance Jio becomes largest fixed line service provider in Gujarat
Ahmedabad: Adding over 4 lakh subscribers in less than three years of its launch, Reliance Jio has become the largest provider of fixed line service in Gujarat, it said on Wednesday. Since…
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Rupee slides 18 paise to close at all-time low of 79.03 against US dollar
Mumbai: Falling for the fourth session in a row, the rupee slid by 18 paise to close at a record low of 79.03 against the US dollar on Wednesday, weighed down by…
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Curd, lassi, cheque books, ink among things to turn costlier
Chandigarh: Coming July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes. Similarly, unbranded…
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Bitcoin investor Roger Ver owns us $47 mn: CoinFlex CEO
San Francisco: Cryptocurrency exchange CoinFlex’s CEO Mark Lamb has revealed that early Bitcoin investor Roger Ver owns them $47 million and this is why the platform has frozen crypto withdrawals for its…
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Indian rupee slips to 78.68 against US dollar
Chennai: The increasing global crude oil prices and inflation concern turned slippery for the Indian rupee as it went down against the US dollar on Tuesday. Further, foreign investors (FII) continued to…
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Tata Motors to increase CV prices from July 1
Chennai: Come July 1, commercial vehicles of Tata Motors Ltd will turn costly as the company announced a price hike on Tuesday. According to Tata Motors from July 1, onwards there will…
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Akash Ambani named new Chairman of Reliance Jio, father Mukesh resigns
Chennai: Mukesh Ambani has resigned as a Director in Reliance Jio Infocomm Limited with the company’s Board on Tuesday approving his elder son Akash Ambani’s appointment as the Chairman. In a regulatory filing,…
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BYJU’s rejigs global team as part of expansion plan as edtech space shrinks
Bengaluru: Edtech major BYJU’s on Tuesday named Krishna Vedati as President of Global Growth and Strategic Initiatives, along with rejigging top leadership at K-12 creative coding platform Tynker (which it acquired for…
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Tiger Global leads $25 mn fund-raise by India’s Battery Smart
New Delhi: EV battery-swapping provider Battery Smart on Monday said it has raised $25 million in its Series A round led by Tiger Global, along with participation from Blume Ventures and Orios…