Cabinet approves infusion of ₹1,500 crore in IREDA.

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved infusion of ₹1,500 crore in Indian Renewable Energy Development Agency Limited (IREDA), which will help generate 10,200 jobs a year and reduce carbon emissions equivalent to approximately 7.49 million tonnes per year.The additional...

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Microsoft to buy gaming giant Activision Blizzard for $69 bn.

Microsoft on Tuesday announced a landmark $69 billion deal to buy US gaming giant Activision Blizzard, betting big on the prospects of the video game market by scooping up the scandal-hit "Call of Duty" maker.Acquiring the troubled but highly successful Activision will make Microsoft the third-largest...

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Reliance takes 26% stake in delivery firm Dunzo for $200 million.

Reliance Industries Ltd's retail arm has invested $200 million for a 25.8% stake in Indian online delivery platform Dunzo to get a foothold into the rapidly growing market of superfast dispatch of household goods.Billionaire Mukesh Ambani-owned Reliance Industries said on Thursday its retail arm led a $240...

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Apple’s tryst with $3,000,000,000,000: A testomony to fast progress.

When Apple reached one other milestone earlier this week, breaching the $3 trillion market cap, albeit briefly, it was very a lot an indication of issues to come back. The tech big grew to become the first-ever publicly-traded firm to be price that a lot. For some perspective, this was greater than Netflix,...

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Bitcoin climbs to $51,000, hits highest in more than two weeks.

Bitcoin rose to about $51,000 and touched the highest level in more than two weeks, buoyed by wider positive sentiment in financial markets.The largest cryptocurrency has advanced some 4% over the past two days and at one point reached $51,524 on Friday in Asian trading. Ether, the second-largest token,...

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Vodafone to sell world’s first-ever SMS as NFT; funds to go to UNHCR.

Communications giant Vodafone will auction its first-ever short message service (SMS), sent three decades ago, as a non-fungible token (NFT).The message, which is of 15 characters, said ‘Merry Christmas’ and changed the way the world communicated and soon after another telecommunications giant, Nokia...

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Billionaires Index: Gautam Adani slips by a spot, is 14th richest in world.

Billionaire Gautam Adani was on Saturday surpassed by China's Zhong Shanshan as the 13th wealthiest person in the world, according to the Bloomberg Billionaires Index, as the rankings, which are updated daily, were updated for December 18 as well.According to the Index, Adani fell by a spot to be the 14th...

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World Bank approves $93 billion boost for poorest economies.

The World Bank's fund to help the world's poorest nations got a $93 billion injection of cash to help scale up aid for pandemic recovery and other programs, the institution announced Wednesday.It was the biggest replenishment ever for the International Development Association (IDA), which provides grants...

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Better.com founder, founding partner of another firm: Vishal Garg who fired 900 over Zoom.

Vishal Garg, the Indian-origin CEO of Better.com, has been grabbing headlines ever since he abruptly fired more than 900 employees, about 9 per cent of the workforce, over a Zoom call.In the now-viral video, reportedly recorded by one of the employees, Garg could be heard telling the employees of the US-based...

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Swiggy to invest $700 million in its quick delivery arm.

Swiggy, which is in the midst of raising a larger funding round, said on Thursday it will invest $700 million in its express grocery delivery service Instamart as it looks to double down on non-food delivery categories.The move signals Swiggy’s aim to grow its quick-commerce business amid intensifying...

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