Sakshi Bajaj
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Jeff Bezos Says To Invest $1 Billion To Digitise Small Business In India
Amazon chief executive officer Jeff Bezos said on Wednesday that his company will invest $1 billion in India, for digitising small and medium businesses in the country.
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Rupee Declines By 59 Paise, Hits New 2019 Low Against Dollar
The rupee opened lower against the US dollar at 72.03 on Monday, and declined to as much as 72.25 - down 59 paise from the previous close - in afternoon deals. That marked the lowest intraday level recorded for the rupee so far in calendar year 2019. Analysts say weakness across emerging market currencies with the Chinese yuan hitting an 11-year lo...
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Zomato Co-Founder Gaurav Gupta Quits, Says 'Taking A New Turn' In Life
Zomato Co-Founder Gaurav Gupta has decided to leave the food tech platform, the company stated in a blogpost on Tuesday. Mr Gupta or GG, as he is popularly known, joined Zomato in 2015 and was elevated as Chief Operating Officer (COO) in 2018 and as Founder in 2019.
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Toyota Kirloskar To Discontinue Yaris In India
Toyota Kirloskar has announced that it has discontinued the Yaris in India from today
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Sunil Mittal's Bharti Global, UK Government Win Auction For Satellite Operator OneWeb
Earlier it was reported that Bharti Enterprises has made an offer for London-based OneWeb with backing from the UK government
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Flipkart To Strengthen Grocery Supply Chain Infrastructure
Last month, Flipkart had expanded its hyperlocal service Flipkart Quick to six new cities - Delhi, Gurgaon, Ghaziabad, Noida, Hyderabad and Pune
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Budget 2020: Defence Sector Needs Money For Modernisation, Say Experts
Commodore C Uday Bhaskar (Retired), Director, Society for Policy Studies said, "My expectation is that Budget 2020 will be a meaningful redress of the imbalance in the defence allocation, wherein the capital component of the total fiscal allocation for defence will be brought back to the optimum of 40 per cent-.
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Shapoorji Pallonji Group Files Plan In Top Court To Part Ways From Tata Group
The Shapoorji Pallonji Group on Thursday sought a formal separation from Tata Group in the Supreme Court, proposing that its stake in Tata Sons be swapped for a pro-rata stake in the Tatas' listed companies. The two conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was ...
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Unemployment Rate Spiked To Record 27.1% In April: Think-Tank CMIE
The unemployment rate in the country spiked to an all-time high in April 2020, Mumbai-based think-tank Centre for Monitoring Indian Economy (CMIE) said on Tuesday. The unemployment rate - or the share of jobless people in an economy - stood at 27.1 per cent last month due to a paucity of jobs in the economy, as the country entered the second day of...
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Government Reappoints Shaktikanta Das As RBI Governor For Three Years
The government on Friday extended Reserve Bank of India (RBI) governor Shaktikanta Das' term for another three years.
