Economy

San Francisco: Meta is reportedly planning to launch a digital currency called 'Zuck Bucks' -- named after its Founder Mark Zuckerberg -- and virtual tokens, coins and other financial services, after its pet cryptocurrency project failed…
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Kolkata: West Bengal government is all set to organise Bengal Global Business Summit, 2022, the event to showcase the state as an ideal investment destination, on April 20 and 21. The event, this year, is taking place against the…
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Bengaluru: Deep tech platform Instoried on Thursday said it has secured $200 mn commitment from global investment group GEM Global Yield, and will use the funds to expand operations globally and develop artificial intelligence (AI)-based…
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Mumbai- Automobile major Mahindra & Mahindra said on Thursday that the agreement between its South Korea-based SsangYong Motor (SYMC) and a consortium led by Edison Motors Co, where the latter was to acquire the former, has been…
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New Delhi- Shares of HDFC twins -- HDFC Bank and HDFC -- erased all the gains it had seen after the announcement of the merger. In a major development on Monday, housing loan firm Housing Development Finance Corporation (HDFC) on Monday…
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Chennai- Taiwan's Hong Fu group plans to invest Rs 1,000 crore over a three to five year period to manufacture footwear in Tamil Nadu, the state government said on Thursday. In a statement issued here, the government said the Hong Fu…
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New Delhi- The Confederation of All India Traders (CAIT) has called upon the Centre to prohibit marketplace e-pharmacies from selling drugs in India. The Confederation also asked for allowing operations of only registered e-pharmacies in…
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Kolkata- The Indian Foundry Industry (IFA) has demanded temporary but immediate suspension of the export of pig iron and iron ore to protect the foundry sector of the country from the current crisis of volatility in the price of raw…
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Chennai- Wind energy capacity addition during 2022-23 is expected to be about 1,500-1,600 MW and will be about 2,000-2,500 MW in the next year, a top wind turbine industry body official said on Thursday. Last fiscal, the total wind power…
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Chennai- Reducing the minimum start-up capital for insurers from the current Rs 100 crore, allowing captive insurers/standalone micro insurers/niche players/regional entities into insurance space, and minimising the regulatory compliance…
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