Business

Mumbai: The rupee declined 23 paise to 76.65 against the US dollar in the opening trade on Monday tracking the strength of the dollar in the overseas market. At the interbank foreign exchange, the rupee opened on a muted note at 76.58 against the American dollar, then fell and touched an early low of 76.65 […]

Mumbai: Equity benchmark indices opened in the red on Monday with Sensex down by 516.55 points and Nifty by 168.40 points. At 9:35 am, the BSE Sensex was down by 516.55 points or 0.90 per cent at 56,680.60. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and […]

Hyderabad: Technology solutions company Cyient on Monday announced to acquire Finland-based Citec, a global plant and product engineering services company, for an undisclosed sum. According to Cyient, this is the largest outbound acquisition by an Indian engineering services company and its largest acquisition to date. The acquisition will strengthen its presence in the energy industry […]

Hyderabad: SpaceX Founder Elon Musk has been investing in micro-blogging platform Twitter. Currently, he has a little over nine per cent. Despite this, he is still a minority stakeholder. Musk said the listed Twitter should go the private way to support free speech. He offered to buy 100 per cent of it for $54.20 per […]

New Delhi: Prime Minister Narendra Modi on Sunday said that over 20,000 crore digital transactions are taking place on a daily basis wherein small online payments are helping to build a big digital economy. Addressing the nation in his 88th monthly programme ‘Mann Ki Baat’, he said digital transactions worth over Rs 20,000 crore are […]

Hyderabad: The cooking oil prices are likely to rise as Indonesia has decided to stop export of palm oil. Indonesia is the biggest producer of palm oil. The high inflation locally there forced the Government to stop exports to ensure there are adequate stocks for domestic consumption. “Indonesia made a statement stopping exports from April […]

New Delhi: India’s smartphone market grew just 2 per cent in the first quarter of 2022 owing to supply constraints, not a great start to the year for a market which has seen double-digit percentage growth even during the Covid-19 pandemic, a new report has said. The biggest challenge this year will be maintaining device […]

Hyderabad: Development does not have boundaries and in the case of Telangana, development is also seeing new frontiers being taken over every day as the engine of growth keeps surging forward. Inclusive and expansive progress could be how the number of new constructions in the Greater Warangal Municipal Corporation and the Urban Local Bodies in […]

Hyderabad: Adani Ports and Special Economic Zone (APSEZ) through its subsidiary, The Adani Harbour Services Limited (TAHSL), has entered into a definitive agreement for acquisition of 100 per cent stake in Hyderabad-based Ocean Sparkle Limited (OSL). OSL is a third-party marine services provider. Key activities carried by it include towage, pilotage, and dredging. OSL has […]

Hyderabad: Multi-speciality pediatric hospital chain Rainbow Children’s Medicare said it has fixed a price band of Rs 516-542 a share for its Rs 1,581-crore initial public offering (IPO). The initial share sale will be open for public subscription from April 27 to 29. The bidding for anchor investors will open on April 26. The public […]

New Delhi: E-commerce giant Amazon on Friday said that it has acquired homegrown women-focused social commerce startup GlowRoad for an undisclosed sum. In a statement, the company said the acquisition will help it meet the commitment to digitise 10 million local Indian businesses by 2025. “Amazon continues to explore new ways to digitise India and […]

Mumbai: Equity benchmark indices opened in the red on Friday with Sensex down by 495.53 points and Nifty down by 156.60 points. At 9:35 am, the BSE Sensex was down by 495.53 points or 0.86 per cent at 57,416.15. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, […]

Hyderabad: Some insurance claims get rejected on technical grounds. There could also be cases of wrong products sold or other service-related issues. However, some consumers may find it difficult to get their grievances resolved. Technology platform Insurance Samadhan guides customers to deal with misselling, claim rejection, delay in claim processing, lapsed policies, policy rejection, and […]

Hyderabad: Digital payment solutions company XPay.Life announced plans to offer UPI and services for Hyderabad market. It is working to digitise payment methods and also provide customers with more options to pay bills at their convenience. The digitisation efforts will also provide opportunities to local entrepreneurs. It offers point of sales machines where customers can […]

San Francisco: Tech billionaire Elon Musk’s Boring Company has raised $675 million in the Series C round, bringing its valuation up to $5.7 billion. Boring Company is Musk’s project to build underground highways to alleviate traffic congestion. The round was led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, […]

New Delhi: Retail giant Walmart on Thursday said that it is now offering manufacturers and trading firms in India to reach a growing market of more than 120 million US consumers each month. As part of its efforts to expand sourcing from India to $10 billion a year by 2027, Walmart, along with Flipkart and […]

Mumbai: Equity benchmark indices opened in the green on Thursday with Sensex up by 358.67 points and Nifty by 99.70 points. At 9:30 am, the BSE Sensex was up by 358.67 points or 0.63 per cent at 57,396.17. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and […]

Detroit: Tesla reported Wednesday that its first-quarter net earnings were over seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China. The electric vehicle and solar panel company made USD 3.32 billion from January through March. Excluding special items such as stock-based compensation, […]

New Delhi: India’s crude oil production in March 2022 fell to 2,526.11 thousand metric tonnes (TMT), which is 12.49 per cent lower than the target for the month and 3.37 per cent lower than the output recorded during the same month in 2021, the government data showed on Wednesday. Cumulative crude oil production during April-March, […]

New Delhi: HP on Wednesday launched its Pavilion laptops powered by 12th Gen Intel Core processors for improved performance for its users in India. Starting at Rs 55,999, the all-new Pavilion series — HP Pavilion 15, HP Pavilion 14 and HP Pavilion x360 — are designed with the environment in mind, with an all-metal laptop […]

Hyderabad: Hyderabad-based rural technology startup Hesa announced acquisition of Pune-based GullyBuy, a digital market technology platform, based out of Pune. The deal size is not disclosed. GullyBuy’s software helps consumers compare local/city merchants to buy products. With this, Hesa will include last-mile sales enablement on its platform more efficiently. Founded in 2019, GullyBuy offers technology […]

Mumbai: Equity benchmark indices bounced back on Wednesday after falling for five straight sessions, with the Sensex climbing 324 points in early trade, helped by recovery in Infosys and HDFC twins along with buying in Reliance Industries. Besides, a largely positive global market trend boosted investor sentiments. Halting its five-day fall, the BSE benchmark Sensex […]

San Francisco: Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. The company’s customer base fell by 200,000 subscribers during the January-March period, according to its quarterly earnings report released […]

Hyderabad: Telangana Grameena Bank recorded a net profit of Rs 373.16 crore for the year ended March, an increase of 26.9 per cent from Rs 293.9 crore. Advances grew 11.5 per cent increase to touch Rs 11,272.8 crore for the year ended March. They were Rs 10,103.7 crore in the corresponding period last year. The […]