Business
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Byju’s aims to raise $200 mn via rights issue at drastic valuation cut
New Delhi: Think and Learn Private Limited (TLPL), the parent company of Byju’s, on Monday announced to raise $200 million by way of a rights issue to all its equity shareholders, in…
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iPhones grow 28% to grab over 6% market share in India in 2023
New Delhi: Riding on the premiumisation trend in India, iPhones grew 28 per cent from 4 per cent market share in 2022 to more than 6 per cent in 2023, according to…
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Samsung R&D Institute partners with IIT Kanpur to conduct joint research on AI, other tech
New Delhi: Samsung R&D Institute, Noida (SRI-Noida) on Monday announced that it has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Kanpur (IIT-K) for a period of five…
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realme launches 12 Pro series 5G with periscope telephoto camera in India
New Delhi: Global technology brand realme on Monday launched the ‘realme 12 Pro series 5G’, the newest addition to its premium number series with a periscope telephoto camera in India. The series…
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Rolls Royce inks pact with Hyderabad-based Azad Engineering
New Delhi: Rolls-Royce has announced the signing of a long-term agreement with Azad Engineering to manufacture and supply complex components for defence aircraft engines. Through this strategic partnership, Hyderabad-based Azad Engineering will…
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Zerodha’s Kite app goes down for 4th time in 4 straight months
New Delhi: Brokerage firm Zerodha’s trading app Kite on Monday suffered another technical glitch, marking the fourth straight month the platform has faced such issues. Several users took to the X platform…
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Interim Budget unlikely to impact market in a big way: Analysts
New Delhi: Two important events are due this week: the interim Budget and the Fed meeting on rate decision. But these events are unlikely to impact the market in a big way,…
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Markets open on strong note; Sensex jumps 503 points
Mumbai: Benchmark equity indices rebounded in early trade on Monday in-tandem with a rally in Asian markets along with buying in blue chip firms HDFC Bank and Reliance Industries. The 30-share BSE…
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Present market volatility triggered by tug of war between FIIs and DIIs
New Delhi: Since the tug of war between the FIIs and DIIs continues, volatility will remain high in the near-term. This volatility may be used by investors to churn their portfolios, said…
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Microsoft Teams suffers mega outage, company says fixing
New Delhi: Microsoft Teams experienced a mega outage in several parts of the world, and the company saw “significant improvements or full remediation in many of the Teams features affected by this…
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Russian hackers which hit Microsoft also targeted other organisations
San Francisco: Russian hackers who hacked Microsoft’s corporate email accounts, including those of the company’s “senior leadership team and employees”, also targeted other organisations, the tech giant has revealed. Microsoft said that…
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YouTube removes over 1,000 videos of celebrity AI scam ads
San Francisco: Google-owned YouTube has deleted more than 1,000 deepfake scam ad videos of celebrities from its platform. YouTube said it is “investing heavily” to stop AI celebrity scam ads. After a…
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Spotify CEO calls Apple’s new EU App Store changes ‘extortion’
San Francisco: Swedish music streaming service Spotify’s CEO Daniel Ek has criticised Apple’s proposed App Store changes ahead of the EU Digital Markets Act (DMA), saying the changes are “at best vague…
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FPIs sold equities worth Rs 27,000 crore in January
New Delhi: FPIs continued to be sellers in the cash market having sold equity worth Rs 27,664 crores through January 25, said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FPIs…
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Flipkart co-founder Binny Bansal officially exits board
New Delhi: Flipkart co-founder Binny Bansal has officially exited the e-commerce platform’s board after more than 16 years. Sachin Bansal, the other co-founder, left the board in 2018. After leaving Flipkart, Sachin…