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Hyderabad: Innovation ecosystem enabler T-Hub announced its partnership with Pontaq, a cross-border innovation fund investing in early stage technology businesses across UK, India, USA and Canada. Under this one-year agreement, T-Hub will provide office space to Pontaq at its new building. Pontaq will be an investment partner to T-Hub in the UK-India corridor to enable […]
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Hyderabad: Even as the property market took a short break after the continuous upswing from last year, Hyderabad witnessed residential properties worth a whopping Rs.2,841 crore being transacted in June this year. In its latest market report, Knight Frank India noted that the city witnessed residential property registrations of 5,408 units this June, which was […]
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Hyderabad: Heralding the use of artificial intelligence (AI) and new technologies to address societal problems, Telangana Industries and IT Minister KT Rama Rao launched three projects -iRASTE Telangana, Bodhyaan Car Platform and MicroLabs at the IIIT-Hyderabad Tuesday. Speaking at the launch, Rama Rao said Telangana has been using technology to reach out to the common […]
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Hyderabad: MN Park at Genome Valley in Shamirpet is adding about 1,80,000 sqft life sciences real estate shortly. In addition, it has also firmed up its plans to add another 2,50,000 sqft with an additional investment of Rs 150-200 crore. This will be ready in two to three years. Currently, it has about 8.5 lakh […]
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Hyderabad: In a significant development that could herald self-reliance in production of electric vehicle batters in India, Ola Electric has succeeded in making a Li-ion cell indigenously. The success in making the Lithium Ion cell was announced by the Ola Electric CEO Bhavish Aggarwal on Twitter on Monday. “The cell is the heart of the […]
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Mumbai: The rupee depreciated 7 paise to 79.33 against the US dollar in early trade on Monday as a muted trend in domestic equities and risk-averse sentiments weighed on the local unit. However, sliding crude prices in the international market restricted the rupee’s fall, according to forex traders. At the interbank foreign exchange, the rupee […]
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New Delhi: The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case. A bench headed by Justice U U Lalit also imposed a fine of Rs 2,000 on Mallya. The top court […]
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New Delhi: Snapping three-day gains, Indian stock indices declined in early trade on Monday. At 9.30 a.m., Sensex was trading at 54,193.15 points, down 288.69 points or 0.53 per cent, whereas was at 16,141.95 points, down 78.65 points or 0.48 per cent. Among the individual stocks, Bharti Airtel, TCS, Tech Mahindra, HCL Technologies, and Wipro […]
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By Srinivas Bandhakavi Hyderabad: HDFC Bank is the country’s largest bank by market capitalisation with Rs 7,78,000 crore. It is also India’s largest private sector bank by assets and was the world’s 10th largest bank by market capitalisation in April 2021. Trading at Rs 1,400 as of July 8, the share price is just off […]
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New Delhi: For years they tiptoed around each other but now the groups led by billionaires Mukesh Ambani and Gautam Adani will for the first time be in direct competition when they later this month participate in the auction of airwaves capable of providing fifth generation or 5G telecom services. But the rivalry between the […]
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Hyderabad: Many delay their visit to the diagnostic centre for tests due to the needle phobia that they have. Coming to the rescue of such people, city-based BlueSemi has launched a device called EYVA that can give readings of vitals without a needle prick. The non-invasive consumer health technology gadget – that fuses sensors, AI […]
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New Delhi: India’s inflation is expected to ease gradually in the second half of the current financial year 2022-23, “precluding the chances of a hard landing” monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das. The central bank Governor made the remarks at the ongoing Kautilya Economic Conclave, organized by the Institute […]
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New Delhi: Tesla CEO Elon Musk, who has cancelled the $44 billion Twitter buyout deal, will have to pay $1 billion in termination fee to the micro-blogging platform. As per an earlier filing with the US Securities and Exchange Commission (SEC), “Musk will be required to pay Twitter a termination fee of $1 billion”, if […]
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Berlin: A German court has decided a suit in favour of smartphone brand Nokia in its 4G/5G patent dispute against OPPO. According to GizmoChina, the suit resulted from the breakdown in discussions between Nokia and OPPO over 4G (LTE) and 5G patents. While instituted cases are in four countries, OPPO countersued Nokia in nine countries. OPPO […]
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San Francisco: Micro-blogging platform Twitter on Saturday announced it was going to sue Tesla CEO Elon Musk for terminating the $44 billion takeover deal. In a surprising move, Musk’s legal team said in a US Securities and Exchange (SEC) filing that he is terminating the deal because Twitter was in “material breach” of their agreement and […]
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San Francisco: Tech billionaire Elon Musk is officially trying to pull out of his $44 billion agreement to purchase microblogging site Twitter. In a filing on Friday afternoon with the US Securities and Exchange Commission (SEC), Musk’s team claimed he is terminating the deal because Twitter was in “material breach” of their agreement and had made […]
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Hyderabad: State Bank of India (SBI) Managing Director Swaminathan Janakiraman visited Hyderabad Circle to participate in CSR initiatives. The SBI presented a 7- seater Maruti EECO van to CR Foundation, Kondapur. He emphasised the Bank’s CSR philosophy of positively impacting weaker sections. He also took part in the plantation drive. SBI planned to plant 75,000 […]
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Hyderabad: Angkasa Pura Aviasi (APA), a joint venture company of GMR Airports Limited and Indonesia’s state-owned airport operator Angkasa Pura II (AP2) announced on Friday that it had assumed operational charge of the Kualanamu International Airport in Medan, Indonesia. According to a press release, the GMR Group was now the only Indian airport operator with […]
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Mumbai: The rupee depreciated 12 paise to 79.25 against the US dollar in early trade on Friday tracking the strength of the American currency and persistent foreign fund outflows. At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 […]
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Mumbai: Market benchmarks started the trade on a positive note on Friday, with the Sensex climbing 448.68 points, mirroring a bullish trend in global equity markets. The 30-share BSE benchmark advanced 448.68 points to 54,627.14 in early deals. The broader NSE Nifty went higher by 142.6 points to 16,275.50. From the Sensex pack, Larsen & […]
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Mumbai: The benchmark indices, Nifty and Sensex, opened higher on Thursday following positive trends in global equity markets. The 30-share BSE benchmark index climbed 498.77 points to 54,249.74 in early trade. The NSE Nifty advanced 149.7 points to 16,139.50. Among the Sensex pack, Titan, PowerGrid, M&M, Asian Paints, Kotak Mahindra Bank, Wipro and ICICI Bank […]
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Mumbai: The rupee depreciated 12 paise to 79.06 against the US dollar in early trade on Thursday as the hawkish stance of the US Federal Reserve increased the possibility of another rate hike this month. However, the steps announced by the Reserve Bank of India (RBI) on Wednesday limited the depreciation bias in the rupee, […]
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Hyderabad: Safran Group, the French multinational company that designs, develops and manufactures aircraft engines, rocket engines as well as various aerospace and defense-related equipment or their components, has decided to set up its MRO facility in Hyderabad. It will come up with an initial investment of $ 150 million (about Rs 1,185 crore). The new […]
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New Delhi: As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost and streamline operations amid the ongoing funding winter. According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams […]
