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Flipkart acquires Walmart India

One of the most successful brain-childes by people of Indian origin, the leading e – commerce company Flipkart has acquired 100 per cent stake in Walmart India Limited. The move is considered as a decisive one, as it would make Flipkart an even stronger player in the Indian market. The …

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Online grocery: Within two months, JioMart reached number one position

As has been the practice of Reliance Jio, it has managed to reach the pole position in yet another segment – online grocery. It must be said that the feat was achieved by JioMart achieved the feat within two months of its launch, thereby surpassing biggies like BigBasket and Amazon …

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After Foxconn, Pegatron Corp too ventures into India

The efforts of the government to woo international investment seems to be working good for the country, as yet another tech giant has decided to invest in India. Pegatron Corp Inc, the assembly partner of Apple Inc, is all set to setup its first plant in India. With this, Pegatron …

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Intel set to invest in Jio platforms; investments worth Rs 1,894

Jio Platforms has received yet another investment, after a series of investments that it had received earlier this year. This time, it is the US semiconductor giant Intel that is investing in Jio. Intel Capital, the investment arm of Intel, is all set to invest Rs 1,894.5 Crore in Jio …

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Chinese companies face setback after India banned 59 apps

India’s ban on 59 Chinese apps is a major blow to the global dream of the companies behind it. This could affect their net income. Some Chinese tech giants are among those affected. These include Alibaba, Baidu, Bytedance, Tencent, Xiomi, YY Inc., Lenovo. These companies are now fearing that the …

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The iPhone will tell you how loud you are listening to the song

Another feature that comes up in iOS 14 is the attempt to tell the user how loud the song is on their headphones. Many people pay no heed to the volume. But hearing the noise above 80 dB can cause hearing problems, the WHO says. Reports suggest that an icon …

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Companies leaving China into the Indian scheme; India tightened import measures

Apple’s iPhone makers, Foxconn and Winston, have applied for India’s bigger Production-Linked Incentive (PLI) scheme intoduced by the Central Govt. earlier this year. Local companies such as Carbon, Lava and Dixon have also applied to join the project and Micromax hopes to apply soon. The government has set aside Rs …

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Public Sector Banks not to be privatized this fiscal

As is evident elsewhere, Covid 19 has pushed several projects, including many reforms planned by the government. It is now reported that the privatization of Public Sector Banks in India might not materialize in this fiscal. With the advent of Covid – 19, PSBs as well as private banks are …

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Tata Motors acquired 50% shares of JTSV

As was announced by Tata Motors, JT Special Vehicles Pvt. Ltd of Jayem Automotives will now be a wholly owned subsidiary of Tata Motors. Tata Motors has acquired 50% shares of Jayem Automotives in JTSV. Formed in 2017, JTSV is a joint venture between Jayem Automotives and Tata Motors Ltd. …

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