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Mumbai: The rupee depreciated 4 paise to 79.96 against the US dollar in opening trade on Wednesday amid demand for dollar from oil importers and firm crude oil prices. Forex traders said significant dollar demand from oil importers, firm crude oil prices as well as concerns about swelling trade deficit weighed on investor sentiments. At […]
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San Francisco: Popular video streaming platform Netflix has announced that it lost nearly one million paid subscribers in the second quarter of this year. In the second-quarter earnings report, the company revealed that it lost 9,70,000 subscribers, which is more than the 2,00,000-member decline from the first quarter. “The second quarter was better-than-expected on membership growth, […]
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Hyderabad: UK-based data analyst and ERP consultancy company Kagool will recruit about 1,000 employees in Hyderabad in two to three years, said Dan Barlow, CEO of Kagool Group. The company now has 260 employees in Hyderabad. The company on Tuesday inaugurated a 17,000 sqft office space at Kapil Towers in Nanakramguda. This will accommodate 200 […]
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New Delhi: IndiGo Airlines has put Kerala ruling front Left Democratic Front’s (LDF) convenor EP Jayarajan and two Youth Congress workers on ‘no fly list’ over their unruly act inside the aircraft when Kerala Chief Minister Pinarayi Vijayan was on board. The action was taken following Directorate General of Civil Aviation (DGCA) guidelines on unruly […]
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Hyderabad: Indian rupee on Tuesday sunk to its lowest 80 to a US dollar as the Indian currency continued to be in the free fall. Later in the day, it recovered to close at 79.92 (provisional) against the US dollar. At the interbank forex market, the local unit opened lower at 80.00 against the US […]
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Hyderabad: City-based technology solutions company Cyient announced partnership with Honeywell to manufacture aviation industry’s first cloud-connected cockpit system, The Honeywell Anthem. Cyient has inked a multi-year deal with Honeywell for this project. The Honeywell Anthem flight deck will have unparalleled levels of connectivity and a highly scalable and customisable design. It will be driven by […]
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New Delhi: The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today. Following is a list of items that will get costlier: 1. GST on paper knives, spoons, forks, ladles, skimmers, cake-servers increased from 12 per cent to 18 per cent. […]
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San Francisco: Online interior design services startup Modsy has quietly shut operations and several customers have been left with unfinished renovations and project orders in process. San Francisco-based Modsy has abruptly ceased offering design services, laid off its designers and left its customers in disarray, reports TechCrunch. The startup returned some service order charges and promised […]
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New Delhi: Indian stock indices extended their gains from the previous week and traded in the green in early trade on Monday, primarily due to some fresh buying at lower levels. Stocks in the US climbing sharply on Friday also lent support to the Indian stocks this morning. Notably, the domestic indices had declined during […]
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Mumbai: The rupee appreciated 6 paise to 79.76 against the US dollar in early trade on Monday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee’s gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.76 against the […]
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Hyderabad: It is prudent to move in a car for the protection it offers during the rains. However, there is a risk of waterlogging in some areas and the car getting damaged. While a comprehensive insurance cover will cover engine damages due to accidents, those happening due to water logging are excluded. Buying an engine […]
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San Francisco: Tesla CEO Elon Musk’s legal team has reportedly asked the court to push back the Twitter trial by early 2023, saying that the case requires “forensic review and analysis” of a deep pool of data. While terminating his $44 billion Twitter takeover deal, Musk argued that the Parag Agrawal-headed micro-blogging platform is hiding […]
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San Francisco: Tesla CEO Elon Musk said that his electric vehicle company Tesla would pull down the prices of its car if the inflation calmed down. On the microblogging site Twitter, the tech honcho mentioned the car prices on being asked by a user if the company plans to down the cost of cars after […]
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Hyderabad: Shortage of labour is one of the key challenges for farmers. Its associated costs are also huge. While mechanisation options are available for the big farmers, the small farmers do not have such options due to small land holdings. To address these issues, city-based XMachines has created a miniature tractor-like device that uses robotics […]
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Hyderabad: Crompton launched its new Built-in Kitchen Appliances products in Hyderabad. Hyderabad is the fifth city in the launch sequence and in the coming weeks, the products will be launched in the top 10 metros across India. Crompton unveiled a comprehensive range of 38 models comprising chimneys, gas hobs, built-in ovens, built-in microwaves, and dishwashers. […]
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New Delhi: Blockchain startup 5ire on Friday said it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM, taking its valuation to $1.5 billion and becoming a new unicorn in the country. 5ire was founded by Indian-origin entrepreneurs, Pratik Gauri and Prateek Dwivedi, along with web3 financier Vilma Mattila, in August […]
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Mumbai: The rupee appreciated 7 paise to 79.92 against the US dollar in early trade on Friday as a firm trend in domestic equities and fresh foreign fund inflows strengthened investor sentiment. However, a strong greenback in the overseas markets capped the gains of the local unit, forex traders said. At the interbank foreign exchange, […]
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Mumbai: Equity benchmark indices rebounded on Friday early trade after four days of decline with the Sensex climbing 339.81 points amid mixed global market trends. The 30-share BSE benchmark was trading 339.81 points higher at 53,755.96. The broader NSE Nifty advanced 72.35 points to 16,011. Among the Sensex constituents, Hindustan Unilever, Bharti Airtel, Nestle, Larsen […]
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Hyderabad: GMR Hyderabad Aviation SEZ Ltd (GHASL), a subsidiary of GMR Hyderabad International Airport Ltd (GHIAL) and Schneider Electric, a leader in digital transformation of energy management and automation, have entered into an agreement to build and lease a state-of-the-art manufacturing facility at the GMR Industrial Park in Hyderabad. As a part of the agreement, […]
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Mumbai: Benchmark indices started the trade on a firm note on Thursday with the Sensex climbing 239 points, mirroring positive global market trends. The 30-share BSE benchmark was trading 239.3 points higher at 53,753.45. The broader NSE Nifty climbed 74.7 points to 16,041.35. Among the Sensex constituents, Sun Pharma, Dr Reddy’s Lab, HDFC, Larsen & […]
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Mumbai: The rupee appreciated 7 paise to 79.74 against the US dollar in early trade on Thursday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee’s gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.72 against the […]
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Chennai: The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23. In a research report, the SBI also said the 7.01 per cent consumer price index (CPI) inflation announced by the Indian government on Tuesday for June 2022 confirms the fact that the peak point has […]
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Washington: Tesla CEO Elon Musk was quick enough to react to a lawsuit filed against him by Twitter for breaching the USD 44 billion contract. Oh the irony lol — Elon Musk (@elonmusk) July 12, 2022 Minutes after news surfaced online that Twitter has sued him, Musk took to the microblogging site and just simply […]
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Mumbai: The rupee started the session on a flat note against the US dollar on Wednesday amid a rally in the equity markets and easing retail inflation. A strong greenback against major currencies and foreign capital outflows kept investors cautious in early trading, forex dealers said. At the interbank foreign exchange, the rupee opened strong […]
