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The BSE Sensex closed at 81,106.65 on November 9, while the Nifty 50 settled at 25,044.65. (PTI/Representational)
Posted in Business

Stock market today: Sensex, Nifty open higher day after Diwali closure

The Indian shares opened higher on Wednesday, November 11, after remaining closed on Tuesday in light of Diwali festivities. The BSE Sensex opened at 82,248.68…

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Govt bans export of unsorted battery waste, scrap
Posted in Economy

Govt bans export of unsorted battery waste, scrap

New Delhi, The government on Tuesday banned exports of unsorted waste and scrap of primary cells, batteries and electric accumulators that do not contain lead,…

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UNSPLASH
Posted in Business

Lessons from a miserable month for hedge funds

For hedge funds November, with its post-election market swings and the Jensen Huang affair, has so far been bruising. October, though, was brutal: many funds…

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OpenAI’s responsible data centre pitch.
Posted in Business

Data centres, Meta Muse models and Google criticised for AI in education Search

Cognitive warmup. “We are a data center first company,” said AMD CEO Lisa Su, not long after everyone else seemed to be asking one simple…

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Tighter risk filters guide Prosus’ new India fintech push
Posted in Startups

Tighter risk filters guide Prosus’ new India fintech push

Prosus, which has invested $100 million in Sachin Bansal-founded Navi, around $80 million in supply-chain financing platform Mintifi and $100 million in Vastu Housing Finance…

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Energy infra startups see bigger cheques as investors bet on sovereign play
Posted in Startups

Energy infra startups see bigger cheques as investors bet on sovereign play

Bengaluru: Startups building hardware for India’s energy infrastructure are raising follow-on rounds several times the size of their previous fundraises, as risk investors deepen bets…

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Signage on a fence at the Nscale data center project in Barstow, Texas, US. (Bloomberg)
Posted in Business

Nvidia-backed Nscale considers delaying $35 billion IPO: Report

Nscale, a British cloud provider backed by chip giant Nvidia, is considering delaying a $35 billion stock market listing, the Telegraph reported on Tuesday. Signage…

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Anthropic's blockbuster IPO will value the Claude chatbot creator at up to $1.4 trillion. (REUTERS)
Posted in Business

Anthropic eyes $1.4 trillion IPO valuation in major test of AI investor appetite

Anthropic’s blockbuster IPO will value the Claude chatbot creator at up to $1.4 trillion, slightly short of some investors’ expectations, setting up a key test…

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Posted in Economy

India well on track to achieve $1 trillion exports target for FY27: Piyush Goyal

India‘s goods and services exports are registering healthy growth, and the country is well on track to achieve the USD 1-trillion target for the current…

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Posted in Economy

India-US hold bilateral talks in New Delhi on Customs and trade facilitation: Govt sources

New Delhi: A two-member delegation of trade and customs officials from the United States held bilateral discussions with officials from the Commerce Ministry in New…

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