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The Canadian Media

The Canadian Media

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Finance/Business

Finance/Business

Shock slowdown: India’s core sector growth falls to 7-month low at 0.5%

June 24, 2026June 24, 2026 - by cmedia

IBNS-CMEDIA: The combined Index of Eight Core Industries (ICI) rose by 0.5 per cent (provisional) in May 2026 compared to the same month last year, according to government data released …

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Finance/Business

Renault India begins global exports of the new Duster

June 23, 2026June 23, 2026 - by cmedia

IBNS-CMEDIA: Renault India, the wholly owned subsidiary of the French carmaker Renault Group, India has begun exports of the all-new Duster, with a first shipment of 750 vehicles departing from …

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All Finances / Technology

Tech giant Oracle slashes 21,000 jobs while betting big on AI

June 23, 2026June 24, 2026 - by cmedia

IBNS-CMEDIA: Tech giant Oracle has cut approximately 21,000 jobs worldwide, representing about 13 percent of its workforce, during fiscal year 2026 as the company accelerates its shift toward artificial intelligence …

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All Finances

Meta invests $900 million in CRED; founder Kunal Shah named new WhatsApp chief

June 22, 2026June 22, 2026 - by cmedia

IBNS-CMEDIA: Meta Platforms has invested $900 million (approximately ₹8,550 crore) in Indian fintech startup CRED as part of the company’s Series H funding round, marking one of the social media …

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Finance/Business

Elon Musk’s $60 billion Cursor deal sees Indian-origin Aman Sanger and Pakistan-born Sualeh Asif gain $2.7 billion

June 20, 2026June 20, 2026 - by cmedia

IBNS-CMEDIA: Indian-origin Aman Sanger and Pakistan-born Sualeh Asif are set to receive approximately $2.7 billion each after Elon Musk’s SpaceX agreed to acquire Cursor parent company Anysphere in a $60 billion deal.  The acquisition …

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All Finances

From Wellness to Wealth: Allure Spa Franchise Is Attracting New-Age Investors

June 18, 2026June 18, 2026 - by cmedia

IBNS-CMEDIA: Over the past five years, India’s wellness and spa industry has experienced remarkable growth driven by increasing lifestyle stress, rising disposable incomes, growing awareness around self-care, and the demand …

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Fashion / Finance/Business

Nykaa takes its shopping experience to ChatGPT through OpenAI partnership; shares surge

June 18, 2026June 18, 2026 - by cmedia

Mumbai/IBNS-CMEDIA: Shares of FSN E-Commerce Ventures Ltd., the parent company of Nykaa, gained on Wednesday after the beauty and fashion retailer announced a strategic partnership with OpenAI, according to media …

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All Finances

New peak for India’s defence sector as production surge to Rs 1.78 lakh crore in FY 2025-26

June 18, 2026June 18, 2026 - by cmedia

IBNS-CMEDIA: India’s annual defence production has reached an all-time high of ₹1.78 lakh crore in the Financial Year (FY) 2025–26, marking a significant milestone in the country’s defence manufacturing sector. According to …

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All Finances

Tech layoffs reach highest level in two years, claims report

June 17, 2026June 17, 2026 - by cmedia

IBNS-CMEDIA: The AI challenge appears to be intensifying, with job cuts surging to their highest levels in two years, according to a recent report. U.S.-based employers announced 97,006 job cuts in May, up 16 …

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All Finances

Sarvam emerges as India’s newest AI unicorn with $234 million funding boost

June 17, 2026June 17, 2026 - by cmedia

IBNS-CMEDIA: Sarvam, India’s full-stack sovereign AI company, has announced the first close of its Series B funding round, raising $234 million out of a targeted $300 million at a post-money …

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Asha Bajaj, Editor

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