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Posted in Economy

India’s forex reserves rise by $6.1 billion to $682.35 billion as of July 24

India’s foreign exchange reserves increased by $6.1 billion to $682.35 billion in the week ended July 24, according to data released by the Reserve Bank…

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A Model 3 on display at a Tesla store in Shanghai.
Posted in Business

Tesla Weighs Sale of China Business to Pave Way for Potential SpaceX Merger

Elon Musk designed Tesla’s China business to be easily separated from its U.S. business because of geopolitical tensions. It might also come in handy if…

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Atomberg converts into public company, adds independent directors ahead of IPO
Posted in Startups

Atomberg converts into public company, adds independent directors ahead of IPO

Mumbai-based consumer appliances maker Atomberg Technologies has converted into a public company and appointed three independent directors as it prepares for a Rs 1,500-2,000-crore initial…

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Posted in Economy

India’s Q1 FY27 fiscal deficit widens to Rs 3.1 lakh crore from Rs 2.8 lakh crore a year ago; at 18.2% of full-year target

India’s fiscal deficit widened to Rs 3.1 lakh crore during the first quarter of FY27, accounting for 18.2% of the full-year budget estimate, according to…

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Posted in Economy

US NSF backs India-US AI project to boost soybean breeding

Washington: A joint India-US project to develop a smart farming system for soybean breeding has received funding of over half a million dollars from the…

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Apple CEO Tim Cook delivers the keynote address in Cupertino, California. (Getty Images via AFP)
Posted in Business

Tim Cook signs off with Apple’s best ever June quarter, as India drives momentum

In what is Tim Cook’s final earnings call as CEO, Apple has reported its higher ever quarter ending June with revenue of $109.4 billion, marking…

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Posted in Economy

India, Bhutan review development partnership; sign Rs 4,000-crore LoC agreement

Thimphu: India and Bhutan reviewed the progress of New Delhi-supported development projects in the Himalayan nation during a high-level talk, as the two sides signed…

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Groww founders plan Rs 400-500 crore fund for consumer, deeptech startups
Posted in Startups

Groww founders plan Rs 400-500 crore fund for consumer, deeptech startups

Groww’s four cofounders are setting up a second Rs 400-500 crore seed and early-stage fund to back consumer internet and deeptech startups, expanding an investment…

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Global workforce layoffs now reach Indian shores
Posted in Startups

Global workforce layoffs now reach Indian shores

Payments processing company Visa’s plan to cut 2,600 jobs or roughly 7% of its global headcount may also include some employees in India, people familiar…

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Sarvam readying end-to-end AI stack to challenge global giants
Posted in Startups

Sarvam readying end-to-end AI stack to challenge global giants

Homegrown AI firm Sarvam has put forward a strong end-to-end AI stack strategy spanning foundational models, software services with cyber and defence capabilities, and even…

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