Business
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Educational qualifications of Mukesh Ambani, Gautam Adani will surprise you
Mumbai: What is the secret behind the success stories of Reliance Industries Limited (RIL) chairman Mukesh Ambani and Adani Group founder Gautam Adani? What are their educational qualifications? All most all entrepreneurs…
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Tesla jumps 35 spots up Fortune 500 list
San Francisco: Following the blockbuster 2021 results, Elon Musk-owned Tesla has climbed up the Fortune 500 list, with the electric vehicle maker jumping an impressive 35 spots to claim the number 65…
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From Mukesh Ambani to Radhakishan Damani, meet six billionaires of India
Mumbai: Reliance Industries Limited (RIL) chairman Mukesh Ambani, founder-cum-chairman of Adani Group Gautam Adani, and other four Indian billionaires are holding nearly $300 billion wealth. What is common in them? Their extraordinary…
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Crude oil price at USD 110/barrel not sustainable, says Hardeep Singh Puri
Davos: India’s Oil Minister Hardeep Singh Puri on Tuesday told the World Economic Forum that crude oil price of USD 110 a barrel was not sustainable, even as he courted the world’s…
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Samsung to invest $355 bn in chip, bio industries for next 5 years
Seoul: Samsung Electronics said on Tuesday it will invest 450 trillion won ($355 billion) in semiconductor and biopharmaceuticals for the next five years, as South Korea’s largest company seeks to further expand…
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IT spending strong in 2022 by BFS; eye productivity, efficiency
New Delhi: Intensity of spending in information technology (IT) by BFS (Banking and Financial Services) firms continues to be strong going into 2022, following a good year in 2021, said brokerage house…
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Indices settle low, weighed down by metal, IT, FMCG, media stocks
New Delhi: Indian equity benchmark indices traded in a narrow range on Tuesday and settled marginally in the red. The Sensex closed at 54,052.61 points, down 236 points, or 0.43 per cent,…
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New India Assurance net profit sees sharp fall
Chennai; Government-owned and listed insurer, the New India Assurance Company Ltd closed FY22 with a net profit of Rs 164.27 crore, down from Rs 1,604.69 crore logged during FY21. The company’s solvency…
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Hyderabad: Olectra bags 2,100 electric-buses order from BEST
Hyderabad: Olectra Greentech Limited has bagged a Rupees 3,675 crore order of 2,100 electric buses from the Brihanmumbai Electric Supply and Transport (BEST). This is claimed to be the biggest order in…
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EV ride-hailing platform BluSmart raises $25 mn, to add 5K electric cars
New Delhi: Electric ride-hailing service BluSmart on Tuesday announced it has raised $25 million as part of its extended Series A1 round. In total, the startup has raised $50.7 million as part…
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‘Coin’ in Bitcoin name doesn’t make it money: IMF chief
Davos: IMF chief Kristalina Georgieva on Monday cautioned against confusing crypto products with currencies and said anything not backed by a sovereign guarantee can be an asset class but not a currency,…
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Zomato’s consolidated loss triples to Rs 360 cr as expenses mount
New Delhi: Online food delivery platform Zomato on Monday reported net loss of Rs 360 crore during the first quarter (Q1) this year — nearly triple from Rs 134.2 crore net loss…
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Modi participates in event to launch Indo-Pacific Economic Framework for Prosperity
New Delhi: Visiting Prime Minister Narendra Modi on Monday participated in an event in Tokyo to launch the Indo-Pacific Economic Framework for Prosperity (IPEF). The event was also attended by US President Joe…
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Battery industry sales to cross $168 bn by 2030 amid raw material shortage
New Delhi: The battery industry revenues may exceed $168 billion by 2030 but severe global shortages are highly likely from 2025, a new report said on Monday. The battery industry is set…