Category: Business
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Zepto App Price Discrepancy Between Android and iPhone Users Sparks Outrage
Online food delivery apps have revolutionized the way we shop for groceries and meals, offering a seamless and convenient way to satisfy our food cravings. Apps like Zepto, which are gaining popularity in the market, promise quick delivery and a broad selection of items. However, the ease of use and the convenience they provide are…
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Mark Zuckerberg Says Meta Will Continue to Invest Billions in AI Despite DeepSeek Disruptions
Meta CEO Mark Zuckerberg has reaffirmed the company’s commitment to hefty investments in artificial intelligence (AI), despite recent turbulence in the market sparked by DeepSeek’s rapid advancements. The announcement came during Meta’s earnings call on Wednesday, where Zuckerberg reassured investors that AI remains a core focus for Meta’s long-term strategy. The statement follows a dramatic…
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Alibaba Unveils Qwen 2.5-Max, Claiming Superiority Over DeepSeek-V3
Chinese tech giant Alibaba has made a bold move in the artificial intelligence (AI) landscape by releasing Qwen 2.5-Max, an advanced AI model it claims surpasses DeepSeek-V3. This announcement, made on the first day of the Lunar New Year—a time when most of China is on holiday—underscores the urgency Alibaba feels to keep pace with…
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Wall Street Tech Stocks Recover After Nvidia’s $593 Billion Selloff
Technology stocks on Wall Street showed a strong recovery on Tuesday, rebounding from the historic losses experienced a day prior when Nvidia’s market value plummeted by a staggering $593 billion. The previous session’s selloff was primarily triggered by concerns surrounding the emergence of DeepSeek, a Chinese AI startup that introduced a low-cost AI assistant, raising…
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Hyundai Motor India Reports 19% Decline in Q3 Profit Amidst Market Challenges
In the quarter ending December 2024, Hyundai Motor India reported a consolidated net profit of ₹1,161 crore, marking a 19% decrease from the ₹1,425 crore recorded in the same period the previous year. This downturn is primarily due to a 2.4% reduction in total car sales, influenced by both domestic and international market challenges. The…
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Piramal Pharma Reports Strong Revenue Growth Despite Profit Decline in Q3FY25
Piramal Pharma, a leading name in the pharmaceutical sector, has reported a steady performance for the third quarter of FY25, showcasing significant growth in revenue and operational efficiency despite challenges in profitability. A Snapshot of Q3FY25 Financial Results Piramal Pharma’s net profit stood at Rs 4 crore for the quarter ending December 2024, a decline…
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JetBlue Shares Fall as 2025 Cost Outlook Disappoints Investors
JetBlue Airways Corp., a well-known name in the U.S. airline industry, faced a significant setback as its stock plunged by nearly 18% following its release of a disappointing cost forecast for 2025. The airline projected a rise in unit costs, excluding fuel, by up to 7%, a figure that exceeded Wall Street expectations and left…
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Stripe Lays Off 300 Employees in Latest Round of Job Cuts, Sends Cartoon Duck Image by Mistake
Stripe, the prominent online payment processing company, recently announced that it would be laying off approximately 300 employees, which represents around 3.5% of its global workforce. The layoffs, a part of the company’s routine annual review and growth planning, were unfortunately marred by a significant error during the communication process. Instead of the expected formal…
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Tractor Sales Fall 1.5% in 2024 Amid Challenging First Half; Positive Outlook Ahead
Tractor sales in 2024 saw a marginal decline of 1.5%, ending the year with 901,668 units sold, compared to 915,474 units in 2023. The dip was primarily attributed to weaker demand during the first half of the year. However, the second half painted a more optimistic picture, driven by favorable weather conditions, robust rural demand,…
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Amul Slashes Prices for One-Litre Milk
In a move that has caught the attention of households across India, the Gujarat Cooperative Milk Marketing Federation (GCMMF), the parent body of the renowned Amul brand, has announced a significant price cut. Effective immediately, one-litre packs of Amul milk are now cheaper by Re 1 nationwide. The decision reflects a strategic effort by GCMMF…
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