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Plans

Musk plans to cut 75% of Twitter staff if he takes over: Report

San Francisco, Oct 21 (IANS) As part of his bid to acquire Twitter, tech billionaire Elon Musk is reportedly planning to lay off close to 75 per cent of the microblogging site’s workforce. Job cuts are expected in the coming months no matter who owns the company, according to the report, which cited interviews and …

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Nissan plans to launch X-Trail, Qashqai in India

Chennai, Oct 18 (IANS) Japan’s Nissan Motor is looking at the feasibility of India’s sport utility vehicle market (SUV) for its models X-Trail and Qashqai. Confirming that testing has begun on X-Trail and Qashqai, while at the same time showcasing the Juke, Nissan aims to assess their suitability for the rapidly evolving Indian consumer base. …

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Dollar Slips, Sterling Gains as U.K. Brings Forward Fiscal Plans

By Peter Nurse Investing.com – The U.S. dollar weakened in early European trading Monday, while sterling gained on the news that the U.K. will bring forward its tax and spending plans in a bid to reassure markets after the turmoil associated with the start of new Prime Minister Liz Truss’s premiership. At 03:10 ET (07:10 …

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Pound Wobbles Again as Kwarteng Denies Bringing Forward Spending Plans

By Geoffrey Smith  Investing.com — The and U.K. government markets faltered on Tuesday after Chancellor of the Exchequer Kwasi Kwarteng insisted that he won’t present a more detailed version of his spending plans for another six weeks, dashing hopes for more immediate clarity on a fiscal policy course that has spooked markets. In an interview …

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UK government has U-turned on plans to scrap top income tax rate

London, Oct 3 (IANS) The UK government has U-turned on plans to scrap the 45p rate of income tax, the chancellor has confirmed, BBC reported. Kwasi Kwarteng told BBC that the proposals, announced just 10 days ago, had become “a massive distraction on what was a strong package.” “We just talked to people, we listened …

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Fly Blade to get Airbus helicopter, plans service in 10 states in 2 years

Chennai, Sep 28 (IANS) Urban air mobility company Fly Blade India P. Ltd. is likely to get one H125 helicopter from Airbus this October/November, said a top company official. He also said the company will be launching helicopter service between Bengaluru International Airport and HAL on weekdays starting October 10 at Rs 3,250 per seat. …

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Volvo Plans for Customer Testing of Fuel Cell Trucks in 2025 By Investing.com

© Reuters. By Michael Elkins  Volvo (ST:) is currently running tests on its fuel cell electric trucks that only emit water vapor and have an operational range comparable to diesel trucks, up to 1,000 km. According to management, a second pilot phase will follow and will see customer testing on public roads. Hydrogen-powered fuel-cell electric …

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Tencent Denies WSJ Report It Plans to Sell Stakes in Some Companies to Fund Growth, Buybacks By Investing.com

© Reuters By Senad Karaahmetovic Tencent (OTC:) has denied reporting from the Wall Street Journal that it is looking to raise funds by selling stakes in some of its holdings, including Ke Holdings (NYSE:), Meituan (OTC:), DiDi Global (OTC:). Tencent’s stake in these 3 businesses is worth nearly $30 billion. While this morning’s report from …

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Shares in France’s TF1, M6 Fall After Merger Plans Scrapped

By Scott Kanowsky  Investing.com — Shares in Television Francaise 1 SA (EPA:) and M6 Group (EPA:), France’s two largest private broadcasters, dropped on Monday after they called off a planned merger due to lingering antitrust concerns. In a statement released late last week, the companies claimed the “strategic rationale” for the tie-up was eliminated because competition …

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DotPe raises $58 mn, plans to foray into financial services

New Delhi, Sep 19 (IANS) Gurugram-based offline-to-online commerce platform DotPe on Monday said it has raised $58 million in its series B funding round led by Temasek. The platform, which “plans to foray into financial services”, currently serves over 7.5 million brands across the country. The funding round saw participation from existing investors PayU, the …

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