Business
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vivo plans to export ‘made in India’ smartphones from 2022
New Delhi: Leading global smartphone manufacturer vivo on Wednesday announced plans to start exports of ‘made in India’ smartphones from this year, adding that as part of its Rs 7,500-crore proposed manufacturing…
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NBFC counters rise as RBI extends NPA norms compliance date
New Delhi: Shares in the NBFC space have shown a healthy gains on Wednesday as the RBI provided an extension for the implementation of the new NPA rules. The RBI on Tuesday…
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CV sales growth to see double-digit drive next fiscal on infra thrust
New Delhi: The massive infra push is expected to keep commercial vehicle sales in double-digit during the next fiscal, rating agency Crisil said. Commercial vehicles sales volume is expected to grow 18-23…
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Rs 10 out of every Rs 100 saved by Indian household goes to LIC making it larger than SBI deposits
New Delhi: Nearly Rs 10 out of every Rs 100 saved by the Indian household each year goes to LIC, making it larger than even the perceived staple of household savings —…
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Bengaluru Airport gets PEER platinum certification
Bengaluru: Bangalore International Airport Limited (BIAL), operator of Kempegowda International Airport (BLR Airport) has been awarded the prestigious PEER (Performance Excellence in Electricity Renewal) platinum certification by Green Building Certification Inc. (GBCI),…
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EV maker Okinawa Autotech opens 2nd manufacturing plant in India
New Delhi: Electric two-wheeler manufacturer Okinawa Autotech on Tuesday said it has commenced operations at its second manufacturing unit located in Bhiwadi, Rajasthan. The company aims to manufacture close to three lakh…
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Ex-Turkish Airlines head Ayci named Air India CEO-MD
Mumbai: Tata Sons has announced the appointment of Mehmet Ilker Ayci as the new Chief Executive Officer and Managing Director of Air India, an official said here on Monday. Expected to take…
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India’s Jan retail inflation rises to over 6%
New Delhi: Higher food prices, as well as rising commodity costs, lifted India’s January 2022 retail inflation on a sequential as well as year-on-year basis, official data showed on Monday. As per…
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Jio Platforms to invest $200 million in Singapore-based Glance
Mumbai: Glance, a leading AI-driven lock-screen platform, said on Monday it has agreed to raise $200 million from Jio Platforms Limited in its Series D round of funding. Headquartered in Singapore, Glance…
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Global EV sales up 109% in 2021, Tesla leads with 14% share
New Delhi: Nearly 6.5 million electric vehicles (EVs) — including fully electric and plug-in hybrid passenger cars — were sold worldwide in 2021, up 109 per cent from 2020, with Tesla leading…
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Delhi HC nixes plea by Zostel to restrain OYO’s IPO process
New Delhi: The Delhi High Court on Monday nixed a plea filed by hostel chain Zostel (Zo Rooms) seeking to restrain OYO Hotels and Homes from proceeding with its initial public offering…
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Swiggy set to acquire DineOut for around $200 million
New Delhi: Leading online food delivery platform Swiggy is set to acquire Times Internet-backed dining out platform Dineout for close to $200 million, reliable sources said here on Monday. Dineout was also…
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Now trade-in used mobile phones on Flipkart
New Delhi: Domestic e-commerce platform Flipkart on Monday introduced the Sell Back Programme that offers customers a platform to sell their used mobile phones. The Sell Back Programme launch follows Flipkart’s recent…
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Saudi Arabia gives 4% of Aramco worth $80B to sovereign fund
Dubai: Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly 80 billion as the…