The Economic Time
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Memory chip giant SK Hynix returns to profit on strong AI demand
The world's second-largest memory chip maker, South Korea's SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of...
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Google settles AI-related chip patent lawsuit that sought $1.67 billion
Google reached a settlement in a patent infringement lawsuit over chips in Massachusetts federal court. The settlement comes as closing arguments...
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Azim Premji gifts Wipro shares worth Rs 500 crore to sons Rishad and Tariq
Billionaire businessman Azim Premji gifted 1 crore shares worth Rs 500 crore to his sons, Rishad and Tariq. Rishad is currently the chairman of...
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Ranjan Pai’s big Aakash stake; Meesho, Pine Labs fair value cut
Manipal group head Ranjan Pai will soon become the largest shareholder in Aakash—one of the few remaining valuable assets of troubled edtech...
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Good Glamm cofounder Priyanka Gill to join Kalaari Capital as venture partner
Gill will also join the board of Good Glamm and become the chairperson of Good Media Co that runs the group’s digital media business, the company...
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Fidelity cuts fair value of Meesho, Pine Labs
As per the filings, Fidelity's funds have set Meesho’s fair value at around $4.1 billion as of October 31, 2023, down from around $5 billion as of...
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ETtech Explainer: platform fees on a platter
Increasingly, food-delivery companies such as Swiggy and Zomato are levying a platform fee for users as they are looking at these fees to optimise...
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Ram Mandir effect: Online bus ticketing platform AbhiBus records 86% rise in demand
AbhiBus said the rise in travel demand to Ayodhya, with the launch of the Ram Mandir, was particularly driven by young or Gen Z travellers....
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Edtech unicorn Lead Group appoints new CGO, CFO
While Arpit Jain will spearhead the finance and legal functions of the group, CGO Arvind Singhal will be tasked with providing a comprehensive...
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SoftBank offloads another 2% stake in Paytm
Earlier in February last year, SoftBank held a 13.24% stake in fintech major Paytm and has continued to dilute its stake through the course of last...