Business
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GST officials search UpGrad offices, edtech unicorn says ‘routine survey’
New Delhi: Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement…
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Quick commerce platform Dunzo won’t pay employees till early Sept
New Delhi: Homegrown quick-grocery delivery provider Dunzo has said it will not be able to pay employees salaries until early September, a further delay from the earlier deadline of July 20. The…
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Microsoft 365 AI Copilot to be available at $30 per user for businesses
New Delhi: Microsoft has announced the pricing for its AI-infused Copilot for Microsoft 365, which will cost $30 per user per month for business accounts. “Microsoft 365 Copilot will be available for…
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Cognizant appoints 6 women in top leadership roles, including 2 Indian executives
New Delhi: IT major Cognizant on Wednesday announced the appointment of six women leaders in the role of Senior Vice President (SVP), including two Indian executives. “These announcements are something we should…
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IT spending in India to hit $112 bn, CIOs to invest more in productivity
New Delhi: The IT spending in India is projected to reach $112.2 billion this year, slightly higher than last quarter’s update, a report showed on Wednesday. Despite being cautious, Indian chief information…
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Tata to invest 4 bn to build EV battery plant in UK
Mumbai: Tata Group on Wednesday announced an investment of 4 billion pounds (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as…
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Apple, Amazon fined $218 mn in Spain for restricting competition
London: Amazon and Apple have been fined a total of $218 million in Spain for allegedly restricting competition around the reselling and marketing of Apple products on the e-commerce giant’s e-commerce marketplace…
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Telegram raises $210 mn via bond sales amid funding crunch
New Delhi: Encrypted messaging platform Telegram has raised $210 million from several investors via bond sales. The investors include its founder and CEO, Pavel Durov. The fund raise comes as Telegram is…
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Twitter rival Bluesky faces backlash for allowing usernames with racial slurs
San Francisco: Twitter co-founder Jack Dorsey-backed Bluesky has come under fire for removing numerous racist, ableist, and transphobic slurs from its list of flagged words in a controversial update last week. According…
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India’s entertainment & media industry to reach $73.6 bn by 2027: Report
New Delhi: Driven by a surge in OTT platforms, India’s entertainment and media industry is expected to reach Rs 6,828,944 crore ($73.6 billion) by 2027, growing at a 9.48 per cnet CAGR,…
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Indian startups faced 70% drop in funding in FY23 to $15 bn
New Delhi: While the Indian startup ecosystem experienced a sharp funding peak during FY22 reaching $50 billion, a gradual onset of the funding winter over the subsequent quarters led to a 70…
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Tesla directors to return $735 mn to company as they ‘overpaid themselves’
San Francisco: Elon Musk-run Tesla’s directors will pay $735 million back to the electric car-maker to settle claims from shareholders that they “excessively overpaid themselves”. Musk himself is under scrutiny for his…
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Start-up CEO shocked to receive over 3K resumes in 48 hrs in Bangalore
New Delhi: A Bengaluru-based tech startup founder and CEO took to Twitter to express his shock and wonder after receiving over 3,000 resumes in 48 hours for job postings on the company’s…
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Indian researchers remove 3K malicious content targeting firms across sectors
New Delhi: A team of researchers has removed more than 3,000 malicious contents, including fake domains, fake apps, and more, hosted publicly over the internet and targeting organisations across various sectors in…