Economy

New Delhi: Sequoia India and Southeast Asia have raised $2.85 billion across a set of funds, including a $2 billion early-stage, venture and growth fund for India and an $850 million Southeast Asian fund, to help founders build companies…
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New Delhi:  After bloodbath in the financial markets the previous day, domestic equity benchmark indices continued with their decline in opening deal on Tuesday morning. At 9.41 a.m., sensex was down 0.3 per cent at 52,672 points,…
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San Francisco:  Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago. It was hovering around Rs 20,000-Rs 21,000 per BTC as the global crypto market crashed owing to…
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New Delhi: Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees after the global crypto market was battered owing to a "dramatic shift" in macro-economic conditions. BlockFi CEO Zac Prince said…
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San Francisco: Tech billionaire Elon Musk has said that its electric vehicle company Tesla had a 'very tough quarter' and needs to rally. According to the auto-tech website Electrek, over the weekend, the Tesla CEO sent emails to…
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New Delhi:  E-food business operator (FBO) Swiggy on Monday said it is encouraged by the discussion between the key stakeholders in the food ecosystem and agrees that food manufacturers and restaurants will have to work together to…
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New Delhi: After getting more than 3,500 grievances against Swiggy and Zomato on its consumer helpline, the Department of Consumer Affairs on Monday directed the two major e-commerce food business operators (FBOs) to furnish, within 15…
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London: Crypto lending platform Celsius announced on Monday that it is pausing all withdrawals citing "extreme market conditions", media reports said. The controversial company -- which has lent out more than $8 billion and managed…
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New Delhi: India's retail inflation for May moderated from the previous month and came in at 7.04 per cent. However, it remained above RBI's 6 per cent upper tolerance band for a fifth month in a row, data released on Monday showed. The…
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San Francisco: Chip-maker Qualcomm has acquired Cellwize Wireless Technologies, a leader in mobile network automation and management, for an undisclosed sum. The acquisition will boost Qualcomm's as a leader in 5G Radio Access Networks…
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