Business
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Sensex plunges more than 600 points to below 64K mark
New Delhi: BSE Sensex plunged more than 600 points to breach the 64,000 points mark on Wednesday. Sensex is down 610 points at 63,961 points. Heavy selling in Sensex heavyweights with Infosys…
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Snap sees $368 mn net loss as Snapchat reaches 406 mn daily active users
New Delhi: Snap, the parent company of Snapchat, posted a net loss of $368 million for the quarter ended September 30, which is slightly better than the year-ago period but the company…
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Giving up on Windows Phone was a mistake, says Microsoft CEO Satya Nadella
New Delhi: Microsoft Chairman and CEO Satya Nadella has said that the company’s exit from the smartphone business was a mistake which could have been handled better. After struggling to sell Windows…
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Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Nadella
New Delhi: More than 18,000 organisations now use Azure OpenAI service, including new customers and the company is expanding its reach with digital-first companies with OpenAI APIs, Microsoft Chairman and CEO Satya…
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LG Display remains in red for 6th straight quarter
Seoul: LG Display reported sixth consecutive quarterly losses on Wednesday on sluggish demand stemming from a global economic slowdown, but the deficit decreased from the previous year and quarter. South Korea’s major…
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Microsoft’s net income surges 27 percent amid AI push
San Francisco: Riding on the AI wave, Microsoft reported $56.5 billion in revenue (up 13 percent) and a net income of $22.3 billion, an increase of 27 percent, during its first quarter…
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Bitcoin rocketing higher, topping USD 35,000 for the first time since May 2022
New York: Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It’s up 20 per cent over the past five days, a media report said. The famously volatile…
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Market mayhem: Investors’ wealth plunges Rs 7.59 lakh crore
New Delhi: Investors’ wealth eroded by Rs 7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle East. The 30-share BSE Sensex plunged…
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Employers budget less for pay raises, plan fewer promotions in 2024: Report
San Francisco: While layoffs in the global tech industry continue unabated, employers in the US are planning to budget less for salary raises next year, according to a new report. According to…
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Amazon unveils passwordless passkeys for iOS and web users
Amazon is introducing passkey support for browsers and its iOS mobile shopping app, offering customers a passwordless sign-in option. Users can establish passkeys in their Amazon settings, enabling them to utilize facial…
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Electric cars to increase almost 10 times by 2030: International Energy Agency
Delhi: The energy world is set to change significantly by 2030, based on the current policy settings, which includes almost 10 times as many electric cars on the road worldwide, the International…
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Reliance Industries nearing deal to buy Walt Disney’s India ops
Mumbai: Reliance Industries, controlled by Asia’s richest tycoon Mukesh Ambani, is nearing a cash and stock deal to buy Walt Disney Co.’s India operations, Bloomberg reported. The US entertainment giant might sell…
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Coal production stood at 21L tonnes on Maha Ashtami day, equal to normal day output: Govt
New Delhi: The coal ministry has worked out strategy for ensuring normal production of coal during festival season by way of offering higher wages to the contractual workers during the season. This…
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US oil giant Chevron seals deal to buy Hess for USD 53 billion
New Delhi: American oil giant Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an…