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FIIs turn big buyers with Rs 20,000 cr of stocks in two weeks
Business

FIIs turn big buyers with Rs 20,000 cr of stocks in two weeks

New Delhi, Dec 18: FIIs, who have made a 'U' turn in their strategy, have turned big buyers having invested around Rs 20,000 crore, including bulk purchase, in the last two weeks, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The rally is being driven by segments...
NBRI in Lucknow opens Parijat Lab to make perfumes
Business

NBRI in Lucknow opens Parijat Lab to make perfumes

Lucknow, Dec 17: The National Botanical Research Institute (NBRI) has opened a lab, Parijat Lab, dedicated to exclusive research and development of natural ingredient-based perfumes. Ajit Kumar Shasany, director, CSIR-NBRI, said, "Right from producing the raw material - fragrant flower- to using...
Accenture unveils generative AI studio in India to boost data, AI adoption
Business

Accenture unveils generative AI studio in India to boost data, AI adoption

Bengaluru, Dec 18: Global IT services firm Accenture on Monday launched a generative AI Studio in India to accelerate the adoption of data and artificial intelligence (AI). With the studio, part of Accenture’s $3 billion investment in data and AI, the company's team and clients will co-create...
Zee asks Sony to extend deadline for merger
Business

Zee asks Sony to extend deadline for merger

New Delhi, Dec 17: Zee Entertainment has asked Culver Max Entertainment, formerly known as Sony Pictures Network India, to extend the date required to make the merger scheme effective. The deadline for the merger is December 21. “Pursuant to Regulation 30 of the Securities and Exchange Board...
Adani ‘Green Talks’ supports 5 social impact startups
Business

Adani ‘Green Talks’ supports 5 social impact startups

Ahmedabad, Dec 15: The Adani Group, India’s fastest growing portfolio, held the third edition of ‘Green Talks’ here on Friday. The founders of five startups presented their ideas at the event that aims to provide a platform to social entrepreneurs to develop their ideas and bring them to...
Apple to pay $25 mn to settle lawsuit over Family Sharing feature
Business

Apple to pay $25 mn to settle lawsuit over Family Sharing feature

San Francisco, Dec 16: Apple has agreed to pay $25 million to settle a class-action lawsuit over its Family Sharing feature. The lawsuit, filed in 2019, alleged that “Apple misrepresented the ability to use its Family Sharing feature to share subscriptions to apps.” “A settlement has been...
Govt eases ban on using sugarcane to produce alcohol, mills get breather
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Govt eases ban on using sugarcane to produce alcohol, mills get breather

New Delhi, Dec 15: The government on Friday decided to give more flexibility to sugar mills by allowing them to use both sugarcane juice and B-heavy molasses to produce ethyl alcohol provided the diversion of sugar for the purpose should not exceed 17 lakh tonnes for the current supply year 2023-24,...
GM to lay off 1,300 workers across 2 Michigan plants as vehicle production ends
Business

GM to lay off 1,300 workers across 2 Michigan plants as vehicle production ends

Detroit, Dec 15: Leading US car maker General Motors has announced it will lay off a total of 1,314 employees at two factories in Michigan as it wants to end production of certain vehicles in these plants with the promise of a transfer of 1,000 workers to other plants in the state. GM filed a...
PM Modi to inaugurate Surat
Business

PM Modi to inaugurate Surat's diamond bourse on December 17

Surat, Dec 15: Prime Minister Narendra Modi will inaugurate Surat's Diamond Bourse on December 17. This corporate office hub, estimated at Rs 34,000 crore, is poised to transform Surat into the diamond trading capital of the world, said official data from Gujarat government. The project,...
European Central Bank holds rates steady
Business

European Central Bank holds rates steady

Frankfurt, Dec 15: The European Central Bank (ECB) has decided to leave its key interest rates unchanged. The interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will all remain unchanged at 4.5 per cent, 4.75 per cent and 4 per cent,...
Infibeam Avenues up 5% in trade after announcing foray into capital markets software
Business

Infibeam Avenues up 5% in trade after announcing foray into capital markets...

New Delhi, Dec 15: Infibeam Avenues is up 5 per cent in trade after it announced an acquisition of a 49 per cent stake in Pirimid Fintech. Infibeam Avenues is trading at Rs 23.67, up 5.6 per cent on BSE. Infibeam Avenues Ltd, a listed fintech company, announces its strategic foray into the...
E-com player Temu sues Shein for
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E-com player Temu sues Shein for 'Mafia-style' intimidation of merchants

San Francisco, Dec 15: Growing e-commerce marketplace Temu has sued its rival Shein, alleging that the online shopping giant is using "Mafia-style" intimidation tactics on merchants. In the lawsuit filed in the US, Temu alleged that Shein deployed increasingly aggressive strategies to “illegally...
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