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Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption
Ola Electric's shares surged on Friday as the company's investors bet on increasing adoption of EVs in the country. Ola Electric's $734 million IPO is India's biggest so far in 2024 and with a 39% market share as of July, Ola Electric dominates sales of electric scooters in India, having launched its first model just three years ago.
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3 With 10th-Grade Education Set Up IT Firm, Cheat Nagpur Man Of Rs 5 Lakh
Three youths with only a 10th-grade education established an IT solutions company and allegedly cheated a Nagpur resident of Rs 5 lakh in an online fraud, leading to their arrest from Mumbai, a police official said on Sunday.
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Nothing Phone 2a May Launch in New Red, Yellow Colourways on May 29
Nothing Phone 2a may launch in new Red and Yellow colourways on May 29, the company hinted via a cryptic social media post on Tuesday. It is currently available in three colour options in the country but more may be on the horizon. In the last few days, Nothing’s X handle has put out several mysterious posts without context, perhaps to build anti...
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Despite Price Hikes, Netflix Adds 13 Million Subscribers In 4th Quarter
Netflix subscription numbers rocketed more than 13 million in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service.
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Shah Rukh Khan-Led Pathaan Collects Rs. 250 Crore Within First Five Days
Shah Rukh Khan’s Pathaan has collected an impressive Rs. 250 crore in ticket sales in India, within the first five days. The film marks the Bollywood actor’s return to a lead role in a mainstream film after over four years, following 2018's Zero. Internationally, the film made over Rs. 100 crore in just three days, as per production company Yas...
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Meta Fined EUR 390 Million by EU Regulator, Told to Reassess Legal Basis for Personalised Ads
Meta on Wednesday was fined EUR 390 million by the lead privacy regulator for the European Union and directed to reassess the legal basis on how Facebook and Instagram use personal data to target advertising in the bloc. The company said it plans to appeal the substance of the rulings and the fines imposed by the EU's lead privacy regulator.
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Vijay Shekhar Sharma to Continue as Paytm MD, CEO MD for Five Years, Backed by 99.67 Percent of Shareholders
Paytm founder Vijay Shekhar Sharma has been reappointed as Managing Director and Chief Executive Officer for another five years, according to the company. The country’s leading digital payments and financial services company and pioneer of QR and mobile payments said that 99.67 per cent of shareholders voted in favour of him continuing in his rol...
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Tesla Said to Pause Production After Shaky Quarter With Historic Production Milestone
Tesla will reportedly pause production at its Berlin plant for two weeks starting July 11, as the company aims to double its production rate from August. The electric-car maker is also expected to halt production of its Model Y assembly line in the first two weeks of July, and the Model 3 line for a 20-day stretch starting on July 18, as part of up...
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BSE's Net Profit Climbs Over Two-Folds To Rs 71.52 Crore In March Quarter
Leading stock exchange BSE on Wednesday reported an over two-fold jump in net profit to Rs 71.52 crore for the three months to March 2022.
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Google, Microsoft, More Tech Firms Pledge Billions in Cybersecurity After Meeting With US President
Leading US technology companies have committed to investing billions of dollars to strengthen cybersecurity defences and to train skilled workers, the White House announced Wednesday following President Joe Biden's private meeting with top executives.
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Tax Department Carries Out Search Operations Against Three Companies Across 14 Locations
The Income Tax department has conducted search operations against three leading companies in 14 locations, the Central Board of Direct Taxes (CBDT) said on Friday.
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General Motors’ Cruise to Deploy Fully Driverless Cars in San Francisco
General Motors' self-driving car company Cruise is sending vehicles without anybody behind the wheel in San Francisco, California, US, as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading ride-hailing services.
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TikTok CEO Kevin Mayer Quits After Three Months, Just as Firm Challenges US Ban
TikTok Chief Executive Officer Kevin Mayer has left the company, less than three months after he joined the hit short video app, and US General Manager Vanessa Pappas will replace him on an interim basis.
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For Cloud Giants, Usage Soars but Tech Investment Delays Hobble Revenue Growth
The cloud provider sector saw first-quarter revenue growth of about 34 percent, less than the 37 percent growth in the fourth quarter, according to research company Canalys. It added there had been little change in market share for the top three in the $31 billion (2,34,000 crores) global industry.
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Royal Enfield Enters South Korea; Commences Operations With 3 Motorcycles
hennai-based motorcycle maker, Royal Enfield has expanded its presence in the Asia-Pacific region entering the South Korean market. The company has partnered with Vintage Motors (Kiheung International) as its official distributor-partner in the country and will commence operations with the sale of three motorcycles from its complete line-up. Royal ...
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Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption
Ola Electric's shares surged on Friday as the company's investors bet on increasing adoption of EVs in the country. Ola Electric's $734 million IPO is India's biggest so far in 2024 and with a 39% market share as of July, Ola Electric dominates sales of electric scooters in India, having launched its first model just three years ago.
-
3 With 10th-Grade Education Set Up IT Firm, Cheat Nagpur Man Of Rs 5 Lakh
Three youths with only a 10th-grade education established an IT solutions company and allegedly cheated a Nagpur resident of Rs 5 lakh in an online fraud, leading to their arrest from Mumbai, a police official said on Sunday.
-
Nothing Phone 2a May Launch in New Red, Yellow Colourways on May 29
Nothing Phone 2a may launch in new Red and Yellow colourways on May 29, the company hinted via a cryptic social media post on Tuesday. It is currently available in three colour options in the country but more may be on the horizon. In the last few days, Nothing’s X handle has put out several mysterious posts without context, perhaps to build anti...
-
Despite Price Hikes, Netflix Adds 13 Million Subscribers In 4th Quarter
Netflix subscription numbers rocketed more than 13 million in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service.
-
Shah Rukh Khan-Led Pathaan Collects Rs. 250 Crore Within First Five Days
Shah Rukh Khan’s Pathaan has collected an impressive Rs. 250 crore in ticket sales in India, within the first five days. The film marks the Bollywood actor’s return to a lead role in a mainstream film after over four years, following 2018's Zero. Internationally, the film made over Rs. 100 crore in just three days, as per production company Yas...
-
Meta Fined EUR 390 Million by EU Regulator, Told to Reassess Legal Basis for Personalised Ads
Meta on Wednesday was fined EUR 390 million by the lead privacy regulator for the European Union and directed to reassess the legal basis on how Facebook and Instagram use personal data to target advertising in the bloc. The company said it plans to appeal the substance of the rulings and the fines imposed by the EU's lead privacy regulator.
-
Vijay Shekhar Sharma to Continue as Paytm MD, CEO MD for Five Years, Backed by 99.67 Percent of Shareholders
Paytm founder Vijay Shekhar Sharma has been reappointed as Managing Director and Chief Executive Officer for another five years, according to the company. The country’s leading digital payments and financial services company and pioneer of QR and mobile payments said that 99.67 per cent of shareholders voted in favour of him continuing in his rol...
-
Tesla Said to Pause Production After Shaky Quarter With Historic Production Milestone
Tesla will reportedly pause production at its Berlin plant for two weeks starting July 11, as the company aims to double its production rate from August. The electric-car maker is also expected to halt production of its Model Y assembly line in the first two weeks of July, and the Model 3 line for a 20-day stretch starting on July 18, as part of up...
-
BSE's Net Profit Climbs Over Two-Folds To Rs 71.52 Crore In March Quarter
Leading stock exchange BSE on Wednesday reported an over two-fold jump in net profit to Rs 71.52 crore for the three months to March 2022.
-
Google, Microsoft, More Tech Firms Pledge Billions in Cybersecurity After Meeting With US President
Leading US technology companies have committed to investing billions of dollars to strengthen cybersecurity defences and to train skilled workers, the White House announced Wednesday following President Joe Biden's private meeting with top executives.
-
Tax Department Carries Out Search Operations Against Three Companies Across 14 Locations
The Income Tax department has conducted search operations against three leading companies in 14 locations, the Central Board of Direct Taxes (CBDT) said on Friday.
-
General Motors’ Cruise to Deploy Fully Driverless Cars in San Francisco
General Motors' self-driving car company Cruise is sending vehicles without anybody behind the wheel in San Francisco, California, US, as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading ride-hailing services.
-
TikTok CEO Kevin Mayer Quits After Three Months, Just as Firm Challenges US Ban
TikTok Chief Executive Officer Kevin Mayer has left the company, less than three months after he joined the hit short video app, and US General Manager Vanessa Pappas will replace him on an interim basis.
-
For Cloud Giants, Usage Soars but Tech Investment Delays Hobble Revenue Growth
The cloud provider sector saw first-quarter revenue growth of about 34 percent, less than the 37 percent growth in the fourth quarter, according to research company Canalys. It added there had been little change in market share for the top three in the $31 billion (2,34,000 crores) global industry.
-
Royal Enfield Enters South Korea; Commences Operations With 3 Motorcycles
hennai-based motorcycle maker, Royal Enfield has expanded its presence in the Asia-Pacific region entering the South Korean market. The company has partnered with Vintage Motors (Kiheung International) as its official distributor-partner in the country and will commence operations with the sale of three motorcycles from its complete line-up. Royal ...
