Business

MediBuddy, an end-to-end digital healthcare platform in India, has laid off 8 per cent of its workforce, around 200 people, across all departments as a restructuring exercise.

The company has issued termination letters to all the affected employees and stated that despite adequate training, they have failed to perform.

Semiconductor major Microchip Technology has acquired 1,68,000 sft of office space in One Golden Mile at Kokapet

The 30-share BSE Sensex declined 107.59 points to 60,750.84 in early trade despite a positive beginning. The broader NSE Nifty went lower by 29 points to 18,078.85.

Forex traders said the rupee opened stronger tracking gains in the non-deliverable forward (NDF) markets.

The aerospace company has delivered the first fuselage for six AH-64 Apache attack helicopters ordered by the Indian Army from its Hyderabad facility.

The announcement to set up the GCC was made during IT Minister KT Rama Rao’s meeting with WebPT CEO, COO at the World Economic Forum, Davos.

In a session at the ongoing five-day annual meeting of the World Economic Forum, Nadella said that technology will provide more and more ways to bring people together.

At the time, there were reports that around 10,000 people would be affected, including members of its hardware and services, human resources, and retail teams.

Dr Reddy's Laboratories reduced the price of its cardiovascular drug Cidmus, MSN Group, launched the world’s first generic Palbociclib tablets for advanced breast cancer therapy

Sky News reported that Satya Nadella-run company is "finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown".

Public sector lender Bank of India posted a 20% increase in its net profit at Rs 1,151 crore in the quarter ended December

T-Hub partnered with f5, GitHub, Digital Fabric, Moolya Testing and UCC for this cohort to give startups hands-on industry experience

City-based Maithri Aquatech, which is into atmospheric water generation, said it won the ‘Mohammed Bin Rashid Al Maktoum Global Water Award’

In 2022, over 1,000 companies laid off 154,336 workers, as per the data from layoffs tracking site Layoffs.fyi.

Sensex traded at 60,316.99 points, up 224.02 points or 0.37 per cent, whereas Nifty was at 17,964.75 points, up 69.90 points or 0.39 per cent.

The year 2022 saw record-high housing sales and new launches across the top seven cities including Hyderabad

Bengaluru, Hyderabad, and Chennai collectively saw about 81,580 units completed in 2022, against 63,870 units in 2021

The GCC has scaled up from just 30 employees in Hyderabad to over 1,200 employees in less than four years across their facilities in Hyderabad, Pune, and Bengaluru

T-Hub emerged as the winner in the category for its efforts to support the growth of the startup ecosystem in Telangana

"The Modi government has not levied any new tax on the middle class in any budget so far. No tax has been imposed on people who earn up to Rs 5 lakhs," Sitharaman said during the event.

Our target is to reach 200 showrooms and achieve sales of 3,000 units per month this year,

The Financial Times reported that this will be the company's "biggest round of job cuts in five years".

Corporate managements continue to appreciate Industries Minister KT Rama Rao for his commitment and vision in getting more investments into Telangana and development.