Business
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Sri Lanka receives USD 160 million from World Bank
Colombo: Sri Lanka has received USD 160 Million from the World Bank and is looking at the possibility of using some of it to buy fuel, Prime Minister Ranil Wickremesinghe told Parliament…
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Hyundai ties up with Tata Power to set up EV charging infra
New Delhi: Hyundai Motor India on Tuesday said it has joined hands with Tata Power to set up fast charging electric vehicle infrastructure across its select dealerships in the country. Under the…
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Bharti Airtel’s revenues up 22% YoY, net profit 165% in Q4FY22
New Delhi: Telecom service provider Bharti Airtel posted quarterly revenues of Rs 31,500 crore in Q4FY22, up 22.3 percent year on year. The sharp rise in revenues was backed by strong and…
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Twitter deal ‘cannot move forward’ until CEO proves bot numbers: Musk
San Francisco: Tech billionaire Elon Musk on Tuesday said that the $44 billion Twitter deal “cannot move forward” until the micro-blogging site’s CEO Parag Agrawal proves the bot numbers. In a series…
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India now has 200 mobile phone manufacturing units: PM Modi
New Delhi: Giving a thrust on domestic manufacturing, Prime Minister Narendra Modi on Tuesday said that mobile manufacturing units have increased from just two in 2014 to more than 200 in the…
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India’s April wholesale inflation at 15.08%, up from 14.55% in March
New Delhi: India’s wholesale inflation gauged by the Wholesale Price Index rose to 15.08 per cent in April from 14.55 per cent in March, official data showed. The WPI inflation was 10.74…
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Adani portfolio companies complete Rs 15,400 crore primary equity transaction with IHC
Ahmedabad: Abu Dhabi-based global strategic investment company, International Holding Company PJSC (IHC), announced on Tuesday the completion of a Rs 15,400 crore (USD 2 billion) investment transaction in the Adani Portfolio companies,…
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Musk hints paying less for Twitter as he fights with Agrawal over bots
San Francisco: Tesla CEO Elon Musk has hinted to pay less for Twitter takeover, as he sparred with CEO Parag Agrawal over the actual number of bots or spammy accounts on the…
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$1.6 bn worth Ethereum lost forever since its ‘presale’
New Delhi: The owners of Ethereum, the second largest cryptocurrency by market cap, have lost their crypto wallets containing 532,426 Ethereum with a current market value of $1.6 billion since its “presale”…
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Musk prefers to visit Indonesia as top Indian ministers fail to impress him
New Delhi: Tesla and SpaceX CEO Elon Musk has decided to visit Indonesia in November this year, as he reportedly wraps up Tesla operations in India amid continuous requests from top ministers…
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Xiaomi India paid Rs 4,663 cr to Qualcomm as royalty remittance
New Delhi: After the Enforcement Directorate (ED) seized nearly Rs 5,551.3 crore from Xiaomi India under Foreign Exchange Management Act (FEMA) for illegal remittances to foreign entities, reliable sources said on Monday…
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Indian IPO market experienced significant slowdown
New Delhi: After record-high levels of IPO activity in 2021, volatile market conditions have resulted in a significant slowdown during the first quarter of 2022. In Q1 2022, the Indian market introduced…
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Capgemini acquires Chappuis Halder to boost financial services business
New Delhi: Technology services major Capgemini on Monday said it has acquired Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm, for an undisclosed sum. Headquartered in Luxembourg…
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India tablet market set to grow up to 12% this year
New Delhi: Driven by resurgent demand, the India tablet market grew 68 per cent year-on-year (YoY), while 4G tablets recorded a sequential growth of 74 per cent YoY in the first quarter…
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Adani to acquire Holcim India assets for USD 10.5 bn
New Delhi: Asia’s richest man Gautam Adani’s group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd’s businesses in India for USD 10.5 billion, marking…