Business

Mumbai: The rupee appreciated 44 paise to 79.30 against the US dollar in the opening trade on Wednesday, mainly on account of foreign fund inflows. Besides, a positive opening in the domestic equities amid moderating inflationary pressures boosted investor sentiments, according to forex dealers. At the interbank foreign exchange, the rupee opened sharply up at […]

San Francisco: Tesla and SpaceX CEO Elon Musk on Wednesday announced on Twitter that he is buying British football club Manchester United. Musk, however, did not disclose the sum he is paying for acquiring the legendary football team. The club has a latest market cap of nearly $2.08 billion. “I’m buying Manchester United ur welcome,” Musk […]

Hyderabad: Hyderabad-based medical emergency response platform StanPlus announced a partnership with Narayana Hrudayalaya to manage their ambulance services and provide ambulance care to critical cases in less than 15 minutes. The partnership entails deploying advanced and basic life support in Narayana Health’s Narayana Institute of Cardiac Sciences and Mazumdar Shaw Medical Center within the Health […]

New Delhi: Ola Founder and CEO Bhavish Aggarwal on Monday shifted gears and entered a new territory by showcasing a homegrown electric car that will arrive in the country by 2024. Aggarwal said the Ola Electric car will have a 500-km range on single change and will go from zero to 100 km within 4 […]

New Delhi: India is celebrating its 75th year of Independence and is at the crossroads of realising a resilient economic growth for its people during the next 25 years – what the government terms the country’s “Amrit Kaal”. Keeping other aspects of the economy aside, let us have a glance at how the Indian currency […]

New Delhi: India’s retail inflation fell to 6.71 per cent in July, the lowest level in five months, helped by an easing in food and oil prices, as per the National Statistical Office (NSO) data released this Friday. With this, retail inflation has been over the Reserve Bank of India’s upper tolerance band of 6 […]

Mumbai: Ace stock market investor Rakesh Jhunjhunwala, often referred to as India’s own Warren Buffet passed away at the age of 62. He was not keeping well for the past few days and breathed his last today in Breach Candy Hospital in Mumbai, as per the hospital sources. Jhunjhunwala was born on July 5, 1960. […]

New Delhi: ITC Limited, the multi-business conglomerate with significant presence across all three sectors of the Indian economy — agriculture, manufacturing and services, has launched a series of integrated multidimensional initiatives to celebrate ‘Azadi Ka Amrit Mahotsav’ to mark 75 years of the country’s independence. ITC has also contributed to the Har Ghar Tiranga’ campaign through […]

Mumbai: India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending July 29 after falling for the four consecutive weeks earlier. The fall in this week has […]

San Francisco: As Big Tech companies begin to lay off employees in the global economic downturn, Google executives have reportedly warned workers to either boost performance or prepare to leave as “there will be blood on the streets” if the next quarterly earnings are not good. In a company message viewed by Insider, Google Cloud sales […]

New Delhi: The new Galaxy Fold 4 and Flip 4 foldable smartphone may see sales close to 9 million units this year, helping Samsung’s foldables market share to jump to 80 per cent at the end of 2022, a new report has said. During the first half of this year, Samsung enjoyed dominant market share of […]

Mumbai: Equity benchmark Sensex fell 155 points in early trade on Friday, tracking losses in index-heavyweights TCS, Infosys and Maruti amid a mixed trend in global markets. The 30-share BSE index was trading 155.21 points or 0.26 per cent lower at 59,177.39 in initial deals. Similarly, the broader NSE Nifty slipped 37.25 points or 0.21 […]

Mumbai: The rupee depreciated 9 paise to 79.71 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market and rising crude oil prices. At the interbank foreign exchange, the rupee opened at 79.67 against the US dollar and lost further ground to 79.71, registering a […]

New Delhi: The Broadband India Forum (BIF) on Thursday questioned the government’s decision to ask enterprises to submit demand studies in order to assess direct assignment of spectrum for them to set up private captive 5G networks. The government on Wednesday announced to undertake demand studies for the direct assignment of spectrum to enterprises with net […]

Mumbai: Equity benchmark Sensex rallied 580 points in early trade on Thursday, buoyed by intense buying in IT, financial and banking stocks amid a firm trend in global markets. The 30-share BSE index was trading 581.26 points or 0.99 per cent higher at 59,398.55 in initial deals. Similarly, the broader NSE Nifty advanced 159.80 points […]

Mumbai: The rupee was trading in a narrow range against the US dollar in opening trade on Thursday amid a rally in the equity markets. At the interbank foreign exchange, the rupee witnessed range-bound trading in early deals. It opened at 79.22 against the US dollar, then fell to 79.31, registering a decline of 6 […]

New Delhi: Leading digital payments platform PhonePe on Wednesday announced that its users can now purchase Apples App Store codes to pay for digital content such as apps, games, music and more. The company said that the codes are available in various denominations on PhonePe, starting from Rs 100 and going up to Rs 10,000. “PhonePe […]

San Francisco: As Apple is prepping up to launch its next-generation iPhones, a new report said that the supply chain of the tech giant’s upcoming iPhone 14 series will remain unaffected by current geopolitical tensions. On Twitter, prominent analyst Ming-Chi Kuo said his survey showed “no impact on the supply chain of the iPhone 14 models”. […]

Mumbai: Equity benchmark Sensex dropped over 130 points in early trade on Wednesday amid a subdued trend in global markets. After opening on a positive note, the market turned choppy in early deals. The 30-share BSE index was trading 131.71 points or 0.22 per cent lower at 58,721.36 points. Similarly, the broader NSE Nifty fell […]

Mumbai: The rupee appreciated by 11 paise to 79.52 against the US dollar in opening trade on Wednesday, tracking easing crude oil prices and foreign fund inflows. Forex traders said sideways USD/INR trades are likely ahead of crucial US inflation data. At the interbank foreign exchange, the rupee opened at 79.59 against the US dollar […]

San Francisco: Electric vehicle company Tesla CEO Elon Musk has sold 7.92 million shares of the company worth around $6.88 billion, media reports say. Musk’s transactions occurred between August 5 and August 9, the US Securities and Exchange Commission (SEC) filings revealed, following Tesla’s 2022 annual shareholder meeting on August 4 in Austin, Texas, reports […]

Hyderabad: Pactera EDGE, a global digital and technology services company headquartered in Redmond, said it has plans to double its headcount by adding about 1,500 employees in 18 months. Currently, it operating from Raheja Mindspace in Hyderabad and already has 1,500 people. This apart, it also has plans to start a new campus in a […]

Hyderabad: Hyderabad-based Aritificial intelligence player DPhi said it raised seed funding of €300,000 (Rs 2.4 Cr) from Selçuk Boydak, a serial AI entrepreneur and investor. Selçuk has been building companies primarily in Switzerland and is currently focusing on the global roll-out of AI ecosystem. DPhi will use this fund to grow its community and expand […]

New Delhi: Gold prices on Monday increased by Rs 120 to Rs 51,994 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 120 or 0.23 per cent at Rs 51,994 per 10 gram in […]