SoftBank’s Vision Fund posts record profit on successful Coupang investment

SoftBank Group Corp on Wednesday reported a quarterly net income of $17.7 billion, led by a record profit in its Vision Fund unit after successful investment in South Korean ecommerce…

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LG Electronics pledges $5.5M to fight against COVID-19, to help 10 makeshift hospitals across India

South Korean Consumer Electronics major LG, which completed 24 years in India on Wednesday, pledged $5.5 million (around Rs 40.38 crore) to fight against the second wave of the pandemic.LG…

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YouTube announces $100M YouTube Shorts Fund for short-form content creators

YouTube has announced the launch of YouTube Shorts Fund, a $100 million fund distributed over the course of 2021-2022, to enable monetisation and rewards for the content creators.In its announcement…

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MakeMyTrip Foundation launches CoviRide to provide transport assistance

In order to support people amid the deadly covid second wave crisis, MakeMyTrip Foundation announced the launch of CoviRide, an open, peer-to-peer community platform, to help individuals, organisations seek and…

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India’s smartphone market grew 18pc in Q1, expected to witness slowdown in Q2: IDC

Smartphone shipment in the country clocked 18 percent year-on-year growth in the March quarter, but the April-June quarter period is expected to face growth challenges under the weight of the…

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BharatPe rolls out initiative to encourage COVID-19 vaccination for merchants

BharatPe, a fintech company for merchants, on Wednesday announced the rollout of its campaign ‘Covid Vaccination Cashback’ to further strengthen the Indian government’s vaccination drive against COVID-19.Launched under ‘BharatPe Cares’,…

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India projected to grow at 10.1 pc in 2022 but outlook for 2021 highly fragile: UN

India is forecast to grow at 10.1 percent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth…

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