UK fines Facebook £50.5 million over Giphy takeover breach
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The Competition and Markets Authority said the fine totalling £50.5 million ($69.5 million, 60 million euros) was imposed for «consciously refusing to report all the required information» concerning the purchase last year.
Natural gas futures trade flat in the afternoon session
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The commodity has been trading higher than 50, 100, and 200-day simple and exponential moving averages but lower than the 5 and 20 days SMA and EMA on the daily chart
AstraZeneca sets up clinical data insights division in India
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The Bengaluru-based clinical data and insights (CDI) division is a critical advancement to support a growing global portfolio and build on internal data expertise, the drug firm said in a statement.
Jubilant Foodworks Q2 profit rises 58% to Rs 120 crore
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The company, which operates popular fast food chains such as Dominoâs Pizza and Dunkinâ Donuts among others in India, had posted a profit of Rs 75.78 crore in the same period last fiscal year, Jubilant Foodworks Ltd (JFL) said in a regulatory filing
Revfin raises $4 million in pre-series A funding round
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The round was led by Redcliffe founder Dheeraj Jain, Letâs Venture Angel Fund, Anuraag and Ruchirans Jaipuria of Jaipuria group, Rishi Kajaria of Kajaria Ceramics and Rahul Seth of Sudhir Power Ltd.
OnMobile Global announces new leadership structure; names Sanjay Baweja as MD, Global CEO
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Sanjay Baweja was associated with OnMobile Global Ltd as an Independent Director on the Board from September 2015 till May 2020 and as Chief Financial Officer since June 2020.
Rains disrupt business revival of Uttarakhand, Kerala hotels
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Both states put together have about 5,000 branded and unbranded hotels, including Radisson Blu, Lemon Tree, Ginger and Taj Hotels in Uttarakhand#39;s Rudrapur, Pantnagar and Ramnagar
The parallel between the Squid Game and investment is obvious â the circle is cash (low risk for maximum safety), the triangle represents bonds (low to middling risk), the star is equities (riskier than bonds) and the umbrella strands for alternative inv
AI can see through you: CEOs#39; language under machine microscope
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CEOs and other managers are increasingly under the microscope as some investors use artificial intelligence to learn and analyse their language patterns and tone, opening up a new frontier of opportunities to slip up.
CredAble raises $30 million in funding from Plutus Wealth, Oaks Asset Management
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The funds raised in this round will be used to enhance CredAbleâs platform to innovate and penetrate deeper into the ecosystem, to provide working capital solutions that are tailor-made for small businesses, and to create innovative debt capital market p
Fragmented terminal model poses a challenge to airlines, may impair Indiaâs emergence as a hub
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India needs an integrated airport terminal model for both domestic and international flights in an era that has made code-share agreements between overseas and domestic airlines all too common.Â
After years of being pilloried for being soft on the firms they have oversight over, the central bank and the markets regulator, it seems, have decided to intervene before another major scam causes systemic damage of the kind that we have seen in the past wit
Chetan Mainiâs Sun Mobility raises $50 million from Dutch power trader for EVs
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Sun Mobility will have 500 Swap Points in India by end-2022, plans to roll out products to enhance the swap experience, and firm up its share in battery-swapping space.
India, Israel, US and UAE agree to establish joint economic forum
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Indiaâs External Affairs Minister S Jaishankar and his counterparts from Israel, the US and the UAE decided to establish an international forum for economic cooperation, a statement by the Israeli Foreign Ministry said.
We shrank to grow; scale doesnât scare us: LT Infotech CEO Sanjay JalonaÂ
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The great restructuring of this time is scripting a change in the future of work as well as the workforce, says LT Infotech CEO Sanjay Jalona. And it is creating huge opportunities because every vertical, industry and company needs to adapt to the new nor
Tesla quarter may hinge on China factory, supply chain costs
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The upside could come from Tesla#39;s Shanghai factory, which has surpassed the company#39;s factory in Fremont, California in terms of production, and has cut costs with the use of more Chinese parts including batteries.
IMF cuts Asia#39;s growth forecast, warns of supply chain risks
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In its regional outlook report, the IMF cut this year#39;s economic growth forecast for Asia to 6.5%, down 1.1 percentage point from its projection made in April, as a spike in Delta variant cases hit consumption and factory output.
US lawmakers say Facebook cannot be trusted to manage cryptocurrency
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US Democratic senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren and Tina Smith voiced their opposition to Facebook#39;s two-year-old effort to launch a cryptocurrency and digital wallet
ICICI Pru Life posts 47% jump in net profit to Rs 445 crore for September quarter
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The total income during July-September 2021 also rose to Rs 23,188 crore, compared with Rs 16,715 crore in the year-ago period, ICICI Pru Life said in a regulatory filing.
Coal crisis: Number of power projects with less than 4-day coal stock dips to 58
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The data also showed that the number of power plants with zero days of coal has come down to 13 as of Monday with cumulative installed generation capacity of 11,710 MW, compared to 15 with 15,290 MW capacity a week back.
Surge in onion prices adds another layer of pain for Indiaâs consumers
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The crop damage limited supplies, more than doubling wholesale prices at India#39;s largest onion trading hub, Lasalgaon in Maharashtra, to 33,400 rupees ($444.82) per tonne in just a month.
Uttarakhand rains force auto companies to shut production
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Bajaj Auto and Ashok Leyland have shut down production at their Pantnagar plants as a precautionary measure. Tata Motors, which also has a plant in the same area, is believed to have followed suit.
Rains force automobile companies to shut production at Uttarakhand plants
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Bajaj Auto and Ashok Leyland have shut down production at their Pantnagar plants as a precautionary measure. Tata Motors, which also has a plant in the same area, is believed to have followed suit.
SBI board wanted letter of support from govt before approving Jet Airways resolution plan: Rajnish Kumar
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In his book titled #39;The Custodian of Trust#39;, Kumar said dealing with the Jet Airways issue was the one of the most difficult assignments that he had faced during his eventful term as the head of the country#39;s largest lender.
Rallis India consolidated Q2 PAT down 32.53% at Rs 56 crore
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The company recorded a modest growth of 0.4 per cent in revenue during the quarter under review at Rs 728 crore compared to Rs 725 crore in the same period of 2020-21.
Axis Bank to waive 12 EMIs on select home loans under festive offer
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Axis Bank is offering waivers of 12 EMIs on select home loan products and providing on-road finance without any processing fee for two-wheeler customers, Axis Bank said in a release.
Gati ramps up network capacity by 20-25%; increases workforce by 15%
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The move is aimed at cutting down the dwell time further view of the huge spike in demand during the festival season, which is considered a stress-test time for supply chain players, it said.
The plant will have production capacity of manufacturing 1,000 mattresses in a single day and will be expandable to produce 3,000 mattresses per day by the end of this financial year, the company said in a statement.
