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Saturday, July 24, 2021

Zomato's Stellar Stock Market Debut Sets Pace for Other Indian Tech Listings

Zomato surged 65.8 precent in its stock market debut on Friday, giving the startup a valuation of Rs. 98,849 crores and setting the stage for other domestic startups that are waiting in the wings with listing plans of their own.

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YouTube, Along With Facebook, Said to Be on White House Radar for Spreading COVID-19 Vaccine Misinformation

The White House has YouTube, not just Facebook, on its list of social media platforms officials say are responsible for an alarming spread of misinformation about COVID-19 vaccines and are not doing enough to stop it, sources familiar with the administration's thinking said.

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Tokyo Olympics 2020: Google's Dinosaur Game Now Features Olympic Torches, Other Minigames

Dinosaur Game on Google's Chrome browser has been around for several years. To mark the Tokyo Olympics 2020 that are already underway, the search giant has added several tweaks to the classic game.

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China orders Tencent to give up exclusive licensing rights as crackdown continues

China's antitrust regulator ordered Tencent to give up its exclusive licensing rights with international record labels and slapped a $$77,000 fine on the company.

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YouTube hits 10 billion Play Store download milestone

The Google-owned YouTube app for Android users has surpassed a whopping 10 billion downloads on the Google Play Store.

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Jio Platforms Q1 net zooms 45 pc to Rs 3,651 cr amid robust user adds, data usage

Jio Platforms posted a nearly 45 per cent year-on-year jump in its net profit for the June quarter at Rs 3,651 crore, fuelled by robust subscriber adds and a surge in data usage.

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Former Virgin Galactic CEO to fly to space: Report

Richard Branson, the billionaire founder of Virgin Galactic, flew to space earlier this month, beating Amazon.com Inc's Jeff Bezos to the final frontier. Branson announced the news about Whitesides during a party in New Mexico on July 11, following his own spaceflight, the report said.

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Tesla lobbies India for sharply lower import taxes on EVs: Sources

Its pitch, however, is likely to face resistance from Prime Minister Narendra Modi's administration which has championed high import taxes for many industries in a bid to boost local manufacturing.

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Spanish PM says he expects Apple to boost investment in AI, Apple TV

Speaking in an interview with Bloomberg TV, Sanchez said the investment would relate to artificial intelligence and Apple TV.

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Apple expected to post earnings of $1.01 a share: Earnings Preview



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Rivian raises $2.5 billion in new funding round led by Amazon, Ford

The electric vehicle start-up said it has raised about $10.5 billion to date.

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More money chases Indian tech start-ups as investors shun Chinese names

Shares of food-delivery app Zomato soared as much as 82% in their debut on the National Stock Exchange of India.

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Vodafone posts 3.3% rise in Q1 revenue as Europe returns to growth

Mobile operator Vodafone reported a better-than-expected 3.3% rise in first-quarter service revenue on Friday, including a one-off gain of around 1.0 percentage point following COVID-19 disruption last year.

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Friday, July 23, 2021

Shares of Indian food delivery start-up Zomato jump over 70% in market debut

As of 12:55 p.m. HK/SIN, Zomato shares traded at 130.7 rupees, slightly off an earlier session high of 138.90 rupees.

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Car chip shortage to abate, smartphones could be next: Industry execs

The semiconductor shortage that has gripped the world could last well into 2022 and hit smartphone production next, foreshadowing deficient supply for a range of appliances and industrial equipment, industry executives and an economist said.

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