Business
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Reserve Bank of India lifts restrictions on Mastercard
Mumbai: The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. The central bank had barred the US-based payment…
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Samsung reduces procurement orders amid inventory pressure: Report
Seoul: Samsung Electronics has reportedly halted new procurement orders for a brief period, telling suppliers to either delay or reduce shipments of components and parts owing to global macro-economic conditions like rising…
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Higher unemployment rate looms in US as Fed fights inflation: WSJ
New York: US Federal Reserve officials are beginning to signal that their efforts to tackle scorching inflation by raising interest rates may lead to higher unemployment, said an article published Monday by…
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Tesla FSD Beta V.11 likely to be ready for wide release soon: Musk
San Francisco: Tech billionaire Elon Musk has estimated that his electric vehicle company Tesla’s full self-driving (FSD) Beta version 11 would be ready for wide release by the summer of 2022. A…
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Vegetable oil imports down by 15% over last year: SEA
New Delhi: Three weeks after Indonesia lifted the export ban, the import of vegetable oils during May 2022 is reported at 10,61,416 tonnes compared to 12,49,648 tonnes in May 2021, i.e., down…
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India inks vision document with Vietnam, to give $500mn defence Line of Credit
New Delhi: Planning to broadbase the “scope and scale” of its defence ties with Vietnam by 2030, India has inked a vision document with the Southeast Asian country. Union Defence Minister Rajnath…
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Just 12% firms utilising AI to outpace their rivals: Report
Bengaluru: Only 12 per cent of organisations that use artificial intelligence (AI) are doing it at a maturity level to achieve a strong competitive advantage while the rest are still experimenting with…
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Sony’s game subscription service PlayStation Plus now in North, South America
San Francisco: Sony Interactive Entertainment (SIE) has launched its all-new PlayStation Plus game subscription service in North and South America, providing more flexibility and value for gaming fans. With the all-new PlayStation…
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Government IT spending in India to reach $9.5 bn this year
New Delhi: The government IT spending in India is likely to reach $9.5 billion in 2022, an increase of 12.1 per cent from last year, a new report said on Monday. Software…
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Crypto lender Celsius Network pauses all withdrawals, transfers
New Delhi: Leading crypto lender Celsius Network has announced to pause all withdrawals, swap and transfers between accounts due to “extreme market conditions”. The decision led to a nearly 55 per cent…
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Nearly 1 in 2 Indian software developer plan to quit job this year
New Delhi: About 44 per cent of developers based in India are considering leaving their job this year compared to 42 per cent globally, according to a report. The report by DigitalOcean…
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Asian markets fall sharply on likely US Fed action to rein inflation
Hong Kong: Asian stock markets have fallen sharply as soaring prices in America triggered fears the US Federal Reserve will take tougher action to rein in inflation. At the same time, the…
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Imported long-range Tesla Model Y spotted in India
Bengaluru: While Elon Musk has announced not to bring Tesla cars to India unless his demands are met, the rich and the famous are not deterred from importing a Tesla vehicle to…
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Bitcoin, Ethereum crash to record low amid crypto winter
New Delhi: The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low. The world’s largest cryptocurrency further tanked 7 per…
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Myntra sells record-breaking 50 lakh products on Day 1 of EORS-16
Bengaluru: Myntra, one of India’s leading fashion, beauty and lifestyle destinations, on Monday said that the 16th edition of its flagship EORS-16 (End of Reason Sale) witnessed over 70 per cent growth…