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Quick commerce services undergoing tectonic shift in India, says JM Financial
Quick commerce services undergoing tectonic shift in India, says JM Financial

New Delhi,   Shopping through quick e-commerce in India's major cities is set to undergo a never-seen-before "tectonic shift" as e-grocery services have made decent inroads over the past few years, said brokerage house JM Financial Services in a report.

The brokerage believes penetrati

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India's overall exports in May rise 24% year-on-year
India's overall exports in May rise 24% year-on-year

New Delhi,  India's overall exports in May, merchandise and services combined, were estimated to be worth $62.21 billion, exhibiting a positive growth of 24.03 per cent over the same period last year, an official statement said on Wednesday.

Breaking it up, the merchandise exports in May were at $38.

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Equity indices settle marginally low, eyes on US Fed's meet
Equity indices settle marginally low, eyes on US Fed's meet

New Delhi,  Domestic equity benchmark indices settled Wednesday's trade marginally in the red as investors await the US Fed monetary policy review meeting's outcome. With Wednesday's slump, the indices declined in the eight out of the past nine sessions.

Sensex closed at 52,541.39, down 152.1

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5G to make India a global hub for manufacturing, supply chain and R&D
5G to make India a global hub for manufacturing, supply chain and R&D

New Delhi,  5G in India will empower tech companies, enterprises and ecosystem players to build private networks and bring next-generation digital transformation which is critical for the country to achieve the goal of becoming a $1 trillion digital economy, industry leaders and experts said on Wednesday.

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Bank of Baroda hikes interest rates on term, savings deposits
Bank of Baroda hikes interest rates on term, savings deposits

New Delhi,  Bank of Baroda has hiked fixed deposit interest rates on domestic term deposits, including NRO and NRE Term Deposits, of below Rs 2 crore by up to 40 basis points.

The new rates would be applicable with immediate effect.

Interest rates have also been hiked on saving deposits of

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SoftBank-backed Unicommerce to hire over 150 people in next 2-3 months
SoftBank-backed Unicommerce to hire over 150 people in next 2-3 months

New Delhi,  SoftBank-backed integrated software-as-a-service (SaaS) platform Unicommerce on Wednesday said it will hire more than 150 people in FY23, expanding its workforce by 50 per cent.

Unicommerce currently has around 300 employees. A majority of new positions will be in the technology and operation

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Jio-bp to power Zomato's 100% electric vehicle fleet
Jio-bp to power Zomato's 100% electric vehicle fleet

New Delhi,  A fuel and mobility joint venture between Reliance Industries and bp called Jio-bp, and food aggregator Zomato on Wednesday announced that the two entities have entered into an agreement to support Zomato's commitment towards 100 per cent electronic fleet by 2030.

Started in 2008, Zomato

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Several online platforms down for Indian users as Cloudflare suffers outage
Several online platforms down for Indian users as Cloudflare suffers outage

New Delhi,  Several online platforms like Shopify, Discord, Acko, GitLab and others went down for users in India on Wednesday as digital infrastructure services provider Cloudflare suffered an outage.

Cloudflare said in a system status update that it was suffering from "Network Performance Issues in

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NFTs, crypto are '100% based on greater fool theory': Bill Gates
NFTs, crypto are '100% based on greater fool theory': Bill Gates

San Francisco, Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are "100 per cent based on greater fool theory".

The theory is a financial concept that even overpriced assets can make money as long as you find a bigger idiot to

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2 KSRTC buses seized for not compensating accident victim's family
2 KSRTC buses seized for not compensating accident victim's family

Davanagere (Karnataka),  A Karnataka district court on Wednesday ordered the seizure of two buses owned by the Karnataka Road Transport Corporation (KSRTC) for not compensating to an accident victim's family even fiver years after the tragedy.

The incident occurred near Ranibennur in Haveri district

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