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Renewable energy auctions to attract large developers: IEEFA
Renewable energy auctions to attract large developers: IEEFA

New Delhi,   Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Wednesday.

Falli

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Meta agrees to stop algorithmic discrimination in housing ads
Meta agrees to stop algorithmic discrimination in housing ads

San Francisco,   Meta (formerly Facebook) has agreed to settle a lawsuit with the US government that accused the social network of engaging in discriminatory advertising for housing on its platform.

The housing discrimination lawsuit, filed by the government in 2019, accused that Meta enabled and en

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Bollywood movies not able to recover investments in the last two quarters
Bollywood movies not able to recover investments in the last two quarters

New Delhi, In the last couple of quarters, very few Bollywood movies have managed to ring in the cash counters. Only three movies -- 'The Kashmir Files', 'Bhool Bhulaiyaa 2' and 'Suryavanshi' -- managed to recover investments, Emkay Global Financial Services said in a report.

The recent und

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DoT scraps 3% floor rate on 5G spectrum usage charge
DoT scraps 3% floor rate on 5G spectrum usage charge

New Delhi,   In a big relief for telecom companies, the Department of Telecommunications (DoT) has scrapped the 3 per cent floor rate on spectrum usage charge (SUC).

As the government prepares for 5G spectrum allotment next month, the telcos had been demanding to scrap the SUC floor rate, equivalent

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SoftBank Group International CEO quits in just 5 months
SoftBank Group International CEO quits in just 5 months

Tokyo,  In a surprise move, French businessman Michel Combes, who joined as SoftBank Group International CEO in January this year, has resigned, the company announced on Wednesday.

Alex Clavel, currently Managing Partner at SoftBank Group International, is replacing Combos from June 30.

Ac

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Global VC firm Accel announces $4 bn late-stage fund
Global VC firm Accel announces $4 bn late-stage fund

New Delhi,  Global VC firm Accel has announced a new $4 billion later-stage fund to provide expansion capital to promising companies within its own portfolio worldwide, as well as other aspiring firms.

Accel set up local teams and establish a deep presence in exciting regions such as Europe (since 2000)

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Thomson launches affordable Alpha series smart TV in India
Thomson launches affordable Alpha series smart TV in India

New Delhi,  In a bid to attract Indian consumers, French consumer electronics brand Thomson on Wednesday launched a new 32-inch smart TV under its Alpha series. Priced at Rs 9,999, the newly launched smart TV will be available for sale from June 26 on Flipkart.

"We are excited to launch the all-new

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Jio-bp to set up EV charging stations in 17 Nexus Malls
Jio-bp to set up EV charging stations in 17 Nexus Malls

Chennai,  The Reliance BP Mobility Limited owned Jio-bp will set up electric vehicle (EV) charging stations at Nexus malls in different cities.

The Reliance BP Mobility is a joint venture between Reliance Industries Limited (RIL) and bp.

According to a statement, Nexus Malls in association

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ITC posts robust growth in revenues & profits surpassing pre-pandemic levels
ITC posts robust growth in revenues & profits surpassing pre-pandemic levels

Kolkata,  In spite of significant disruptions during the year, ITC posted robust growth in revenues and profits, surpassing pre-pandemic levels.

ITC's consumer-centricity, agility in seizing market opportunities, focus on execution excellence and proactive strategic interventions enabled it to post r

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Top industry stakeholders lock horns as India prepares for 5G
Top industry stakeholders lock horns as India prepares for 5G

New Delhi,  As India prepares for long-delayed 5G spectrum next month, top industry stakeholders have locked horns over the issue of public and private 5G networks and whether the government should allow spectrum directly to the enterprises for operating private captive 5G networks.

The debate sparked fu

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