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Amazon to acquire mesh Wi-Fi router startup ‘Eero’ to help connect home devices Amazon.com Inc. has agreed to acquire Eero, a builder of Wi-Fi-networking tools, in another deal aimed at bolstering the retail and technology giant’s home devices business.
Read more at Hindustan Times.

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India tea exports may shrink because of tough competition from Kenya Tea exports from India, the world’s second-biggest producer, may shrivel this year as a bumper crop in Kenya raises the risk of oversupply.
Read more at Hindustan Times.

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IndiGo cancels 30 flights, says cancellations to continue for some more days Shortage of pilots continued to hamper operations of IndiGo with the budget carrier Tuesday cancelling as many as 30 flights from across major airports and passengers allegedly being forced to buy last minute tickets at high fares.
Read more at Hindustan Times.

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Swiggy Acqui-Hires Bengaluru-Based AI Startup Kint.io Online food ordering and delivery app Swiggy on Monday announced it has acqui-hired Kint.io, an artificial intelligence (AI) startup that applies deep learning and computer vision for object recognition in video, for an undisclosed sum.
Read more at Gadgets 360.

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Individuals Earning Rs 8-9 Lakh Annually Can Escape Taxes by Proper Investments: Revenue Secretary Individuals earning Rs 8-9 lakh annually would not have to pay any income tax if they make proper investments in tax saving instruments like provident fund, life insurance, pension scheme and home loan, revenue secretary Ajay Bhushan Pandey said on Saturday.
Read more at News 18.

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Timeline for LIC to reduce stake in IDBI Bank depends on business model: IRDAI Insurance Regulatory and Development Authority of India (Irdai) will set a timeline for LIC to bring down its stake in IDBI Bank to below 15 per cent.
Read more at India TV.

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RCom shares tumble 48% after company decides to opt for insolvency proceedings Reliance Communications shares tumbled on Monday after the company decided to go for insolvency proceedings following its failure to sell assets for paying back its lenders.
Read more at Times Now.

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VW keeps global sales crown over Toyota Volkswagen (VW) AG retained the car industry’s top spot in sales as Japanese arch-rival Toyota Motor Corp’s global deliveries failed to match those of its German competitor.
Read more at The Hindu Business Line.

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Govt lowers import duty on parts and components of electric vehicles to 10-15% To promote domestic assembling of electric vehicles, the government Tuesday lowered customs duty on import of parts and components of such vehicles to 10 to 15 per cent. Until now, vehicle parts and components imported for assembly in India attracted import duty of 15 to 30 per cent.
Read more at Business Today.

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SBI leaks bank balance and other details of millions of customers How safe is your bank account information stored with the State Bank of India, the country's largest bank? Not much, apparently. A report on Wednesday revealed that the SBI forgot to secure a key server hosting sensitive information in one of its Mumbai installations and that the server might have leaked details of millions of bank accounts.
Read more at India Today.