Business

New Delhi: India’s largest carmaker Maruti Suzuki on Wednesday said it will recall 166 Dzire Tour S vehicles for replacing Airbag Control Unit free of cost for possible defects. The vehicles that will be recalled have been manufactured between 6th August 2022 to 16th August 2022. The recall is being undertaken to replace the Airbag […]

New Delhi: Sony India on Wednesday introduced a new shotgun microphone — the ECM-G1 — that is said to be highly portable and perfect for content creators to capture high-quality audio. Priced at Rs 10,290, the ECM-G1 features a large-diameter microphone capsule that collects clear sound while suppressing noise. “The ECM-G1 is the perfect microphone for […]

San Francisco: An unopened first-generation 2007 iPhone in a sealed box has been sold for $35,000 (nearly Rs 28 lakh) in an auction in the US. On January 9, 2007, then Apple CEO Steve Jobs unveiled the iPhone — a touchscreen mobile phone with an iPod, camera and Web-browsing capabilities, among other features — at […]

New Delhi: Shares of NDTV jumped 5 per cent to hit their highest trading permissible limit for the day on Wednesday after Adani group launched a bid to take over the media company. The stock climbed 5 per cent to Rs 384.50 — its upper circuit limit as well as 52-week high — on the […]

Mumbai: Equity benchmarks gave up early gains on Wednesday and were later trading lower in tandem with weak global markets. The 30-share BSE Sensex, which climbed 82.36 points to 59,113.66 in early trade, later fell in the negative territory. Similarly, the broader NSE Nifty had advanced 27.9 points to 17,605.40 in initial trade but failed […]

Mumbai: The rupee depreciated 4 paise to 79.87 against the US dollar in opening trade on Wednesday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 79.84 against the dollar, then fell to 79.87, registering a decline of 4 paise over the last close. […]

New Delhi: The Congress on Wednesday termed the Adani group’s buying of 29.18 per cent stake in media group NDTV a “hostile takeover”. Taking to Twitter, Congress General Secretary Jairam Ramesh said: “The news of a deeply over-leveraged company owned by the PM’s ‘khaas dost’ making a hostile takeover bid of a well-known TV news […]

Hyderabad: Startup innovation enabler T-Hub announced its partnership with angel investors Hyderabad Angels in Hyderabad. Hyderabad Angels will provide access to investment opportunities from India, the USA, the UK, Singapore, Dubai, and UAE, among other countries, to the startups. It will also have a presence at the new facility of T-Hub. “Joining forces with Hyderabad […]

Mumbai: The Indian stock market’s key indices, Sensex and Nifty, witnessed volatile trading with negative bias on Tuesday dragged by heavy selling pressure in IT and banking stocks. The 30 stock S&P BSE Sensex was trading at 58,736.90 points at 11.57 am, which is 36.97 points or 0.06 per cent down from its previous day’s […]

San Francisco: The US-based car maker Ford Motor has reportedly confirmed that it is laying off roughly 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada and India. According to The Wall Street Journal, Ford sent an internal email to employees, saying it would begin notifying affected salaried and […]

Hyderabad: Winsupply Inc, has started its new Global Development Centre (GDC) in Hyderabad. Winsupply, headquartered at Dayton, USA, is a leading company in wholesale distribution for residential and commercial construction. Winsupply owns a majority equity stake in more than 650 companies across the United States. Christopher Schrameck, Senior Vice President of Information Technology, Winsupply met […]

New Delhi: Online food delivery platform Zomato has stopped signing up new users or renewing old subscriptions for its loyalty dining membership programme called ‘Pro’, as the Deepinder Goyal-run company is working with customers and restaurant partners to craft a new programme. The move comes as fine-dine restaurants are now open across the country after […]

Mumbai: Equity benchmarks fell in early trade on Monday with the Sensex declining nearly 420 points amid mixed global market trends. The 30-share BSE benchmark, which had started the trade on a weak note, further fell 419.69 points to 59,226.46. The broader NSE Nifty declined 140.6 points to 17,617.85. From the Sensex pack, Kotak Mahindra […]

Mumbai: The rupee appreciated 4 paise to 79.80 against the US dollar in opening trade on Monday, supported by receding crude prices in global markets and weakness in the American currency overseas. However, losses in the domestic stock markets weighed on the local unit and restricted the gain, forex traders said. At the interbank foreign […]

Bengaluru: Surge, which is Sequoia India and Southeast Asia’s rapid scale-up programme, on Monday launched its seventh cohort, featuring 37 founders across 15 early-stage startups. One-third of the startups include at least one female founder and several startups have second and third time founders. Surge startups have collectively raised over $1.7 billion in follow-on funding to […]

Hyderabad: Pet parents go the extra mile to keep their pets healthy. In this direction, many are now opting to buy insurance cover for their pets. The cover starts around Rs 300 per year for a small pet for a single type of cover such as terminal diseases. Players like Bajaj Allianz General Insurance, The […]

New Delhi: Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June due to high inflation and an increasing rate cycle. “In the next (September) quarter, it is safe to assume that monetary conditions will be tighter in terms […]

Hyderabad: Term insurance is the cheapest and effective investment channel that provides financial protection to a family. However, there are still many who think there is no real need or a benefit for them personally. In a step that will encourage such fence sitters to consider a term policy, insurance companies are now offering zero-cost […]

New York: E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company’s global workforce, as the growth he anticipated has not materialised this year. In a memo, Shah said that the US-based company was “seeing the tailwinds of the pandemic accelerate the adoption of ecommerce shopping, and I personally […]

Hyderabad: E-commerce marketplace Flipkart signed a memorandum of understanding (MoU) with the Indian Institute of Millets Research (IIMR) to enable market access for Farmer Producer Organizations (FPOs) and Self-Help Groups (SHGs). Through this partnership, Flipkart will provide pan-India market access. It will engage with these communities through virtual and on-ground training and capacity-building initiatives to […]

Hyderabad: The consumer court has penalised Ola Cabs for charging a customer an exorbitant amount and not providing air conditioning. Following a petition filed by Jabez Samuel stating that he and his wife were left stranded for four hours after the cab driver asked them to get down after covering 5 kilometers in October last […]

New Delhi: India’s gold imports, which have a bearing on the country’s Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago. In July 2022, however, imports […]

Mumbai: Equity benchmarks started the trade on a positive note on Friday, with the Sensex climbing over 113 points in early trade, amid mixed trends from global equities. The 30-share BSE index advanced 113.2 points to 60,411.20 in early deals. The broader NSE Nifty climbed 35.7 points to 17,992.20. Later, both the benchmark indices turned […]

Mumbai: The rupee depreciated 12 paise to 79.76 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to 79.76, registering a decline of 12 paise over the last […]