Business
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RBI proposes to raise limit on e-RUPI vouchers to Rs 1 lakh
New Delhi: The Reserve Bank of India (RBI) on Thursday proposed to enhance the cap under e-RUPI prepaid digital vouchers. The present cap of Rs 10,000 will be increased to Rs 1…
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RBI’s status-quo on rates, stance buoys market: Power stocks rise
Mumbai: The RBI MPC’s decision to retain key lending rates buoyed India’s key benchmark equity indices — S&P BSE Sensex and NSE Nifty50 — on Thursday. Accordingly, the Monetary Policy Committee (MPC)…
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Mahindra & Mahindra’s YoY Q3FY22 consolidated net profit up 57%
Mumbai: Automobile major Mahindra & Mahindra on Thursday reported a rise of 57 per cent in its Q3FY22 consolidated net profit on a year-on-year basis. The net profit rose to Rs 1,987…
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ShareChat to acquire MX TakaTak for Rs 4,500 crore
New Delhi: Mohalla Tech, the parent company of homegrown social media apps Moj and ShareChat, is acquiring Times Internet-owned short-video platform MX TakaTak for nearly $600 million (about Rs 4,500 crore), sources said…
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South Korean economy faces heightened external economic risks
Seoul: The South Korean economy is on a recovery track, but external economic uncertainty remains high amid soaring energy costs and monetary policy shifts by the US Federal Reserve, a state-run think…
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Palm oil rally continues despite several measures to check price rise
New Delhi: Despite several attempts by the Centre to cool off prices, crude palm oil has maintained its strong rally from 2021 and has risen about 10-15 per cent in the current…
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Worker compensation talks at Ford India inconclusive
Chennai: The talks between the Ford India Pvt Ltd management and the worker representatives on the manner in which the compensation to be paid when the factory near here is closed is…
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Firm global cues lift equities; metal stocks up
New Delhi: Firm global cues as well as value buying pushed India’s key benchmark equity indices — S&P BSE Sensex and NSE Nifty50 — higher on Wednesday. Besides, expectations of a status-quo…
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Biden finally hails Elon Musk amid tough Chinese EV competition
San Francisco: In his first-ever public acknowledgement of Elon Musk-run Tesla’s contribution to the world of electric vehicles (EVs), US President Joe Biden has said that the country is building a reliable national…
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Google sues S.Korean regulator to overturn $173 mn fine
Seoul: Google has filed a lawsuit against South Korea’s antitrust regulator to overturn the regulator’s decision to penalise the global technology giant for pressing smartphone makers into only using its Android mobile…
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Ferrari, Qualcomm join hands to build smarter cars
Rome: Chipmaker Qualcomm Technologies has announced a strategic technology collaboration with luxury sports car brand Ferrari that is aimed at helping accelerate the digital transformation of the carmaker. Qualcomm Technologies will serve…
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Tinder to stop charging older users more for premium features
San Francisco: Following a new report questioning Tinder’s practice of charging older users “substantially more”, the popular dating app has said it will no longer charge older users more to use Tinder+,…
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Gautam Adani, Mukesh Ambani locked in tug-of-war for India’s richest person tag
New Delhi: Adani Group founder Gautam Adani and Reliance Industries Limited (RIL) chairman Mukesh Ambani are locked in a tug-of-war for the tag of India’s richest person. For the past few days,…
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Over 71 lakh subscribers enrolled under Atal Pension Yojana
New Delhi: Over 71 lakh subscribers enrolled themselves under Atal Pension Yojana till January 24, 2022 in the current financial year, Union Minister of State for Finance Bhagwat Kisanrao Karad said on…
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Value buying, easing oil prices lifts equities; metal stocks rise
Mumbai: Value buying triggered after three consecutive sessions of falls lifted India’s key benchmark equity indices — S&P BSE Sensex and NSE Nifty50 — marginally in the green on Tuesday. Besides, oil…
