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  • in Health care

    Abbott signals recovery in device sales as hospital staff shortages ease

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    United States: Abbott Laboratories said on Wednesday most delayed non-urgent medical procedures had resumed globally three years into the COVID-19 pandemic as hospital staff shortages eased and customers became regular with check-ups, sending shares up 7%. The much-awaited recovery in elective surgeries led the company to effectively raise forecast for its core business, even as COVID […] More

  • HP Must Face Lawsuit for Alleged Shareholder Fraud by Boosting Sales, Appeals Court Rules

    HP Must Face Lawsuit for Alleged Shareholder Fraud by Boosting Sales, Appeals Court Rules

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    A US appeals court on Tuesday revived a lawsuit alleging HP Inc defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016. The 9th US Circuit Court of Appeals reversed a judge’s ruling dismissing the lawsuit as filed too late. Investors say they did not discover the alleged fraud […] More

  • Used EV Sales Rise in the US Amid Fall in Prices: Report

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    Used electric vehicle sales in the United States rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said the average retail listing prices for used EVs was around $43,400 (nearly Rs. 35 lakh), down 4 percent from the same quarter last year and […] More

  • NFT Market Boomed to $2 Bln in February Sales, Recorded Nine-Month High

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    The sales of non-fungible tokens (NFTs) rose by a massive 117 percent in February 2023. Around March, the valuation of the global NFT market climbed to its nine-month high since June last year to over $2 billion (roughly Rs. 17,200 crore). NFTs or non-fungible tokens are digital collectibles that are built on blockchains and make […] More

  • Japan Aims to Treble Sales of Domestically Produced Microchips to JPY 15 Trillion by 2030

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    Japan’s industry ministry said on Monday it aimed to treble sales of semiconductors made in Japan to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030 as Tokyo strives to boost domestic microchip production following global supply chain snarls. Japan sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies […] More