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Gaming firms turn focus to acquiring studios to boost growth

The Indian video games industry will be valued at over $2 billion by 2023, according to GlobalData. Such a lucrative opportunity is the biggest motivation for tech companies to acquire or invest in gaming studios, said Guha.

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TCS could roll out chip based e-passports by the end of 2022

TCS will refresh existing facilities and systems (including hardware), build new solutions for the issuance of e-passports and improve the citizen experience with solutions like biometrics, chatbots and auto-response among others as they go through the passport application process.

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India fines Reliance for not promptly disclosing 2020 Facebook deal

In April 2020, Meta's Facebook invested $5.7 billion in Reliance's Jio Platforms, aiming to allow WhatsApp to offer payments services to millions of small businesses. The deal helped billionaire Mukesh Ambani's Reliance slash its heavy debt load.

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L&T Infotech-Mindtree merger likely by December: official

L&T Infotech opened its first centre in Kolkata on Friday, and said it is planning to hire 4,000-5,000 employees in the next two-three years in the eastern region.

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Citymall lays off 191 employees three months after raising $75 million in funding

On Sunday evening, the company posted on professional networking site LinkedIn, saying it has taken the call to layoff a portion of its staff after exploring multiple options.

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China's JD.com posts slowest growth ever in '618' shopping event

CHINA-CONSUMPTION-China's JD.com posts slowest growth ever in '618' shopping event

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I will keep supporting dogecoin, tweets Tesla CEO Elon Musk

According to crypto news tracker Decrypt, from February 2018 to at least February 2019, Musk publicly maintained via Twitter that he owned no cryptocurrency aside from 0.25 BTC.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...