Business

By Epsita Gunti Hyderabad: Breaking thousands of car lovers’ hearts, Volkswagen announced that Polo will no longer be available for sale in the Indian market from this June. The German manufacturer took to social media to make this announcement by sharing a good-bye letter written by Polo resulting in scores of social media users expressing […]

San Francisco: Tesla and SpaceX CEO Elon Musk is continuing to grow his status as the world’s richest man as his net worth is skyrocketing over the rest of the top earners in 2022. In the latest Forbes list, Musk increased his net worth to $282 billion, which is over $100 billion richer than Amazon […]

San Francisco/New Delhi: TikTok’s meteoric rise has baffled Meta (formerly Facebook) as the Chinese short-video app is set to overtake the global advertising share of micro-blogging platform Twitter and photo-sharing platform Snapchat this year. Moreover, TikTok is predicted to catch up with Google-owned YouTube by clocking $23.6 billion in ad revenue by 2024, reports The […]

New Delhi: Putting behind the controversy around its co-founder Ashneer Grover, fintech startup BharatPe has posted record growth in the fiscal year ended March 31 and is on track to break even and list on stock exchanges in the next 18-24 months, its CEO Suhail Sameer said. In an interview with PTI, he said while […]

San Francisco: Taking advantage of Tesla’s seven-day, no-questions-asked return policy at the time, a customer who returned his Tesla Model X in early 2020, is still making payments on a $116,000 vehicle that he does not possess from past two years. Danny Roman bought a new car and took delivery of the car on February […]

Hyderabad: Telangana’s startup ecosystem builder T-Hub on Saturday launched a one-of-its-kind EV Entrepreneurial Programme in partnership with EV Master Class. The cohort-based program aims at upskilling and empowering students, working professionals and entrepreneurs to become industry-ready. This programme will enable startups to enhance their products through mentoring and aims to nurture the students and professionals […]

New Delhi: In a fresh battle, BharatPe founder and former managing director Ashneer Grover has threatened a legal action against CEO Suhail Sameer and the board for his comments on professional networking platform LinkedIn against his sister Ashima Grover, along with seeking a resignation from Chairman Rajnish Kumar. In a letter written to BharatPe Board, […]

Mumbai: While maintaining an accommodative stance, the Reserve Bank of India (RBI) on Friday cut the real Gross Domestic Product (GDP) growth projection for the current Financial Year 2022-23 to 7.2 per cent, against the earlier projection of 7.8 per cent. The inflation forecast has also been hiked from 4.5 per cent to 5.7 per […]

Mumbai: Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance despite rising inflation. This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI […]

Mumbai: Equity benchmarks Sensex and Nifty opened on a choppy note on Friday tracking slight gains in index majors Wipro, Tata Steel and RIL as investors remained cautious ahead of the RBI policy outcome. After surging 262 points in opening trade, the Sensex paired most of its gains to trade 7.57 points higher at 59,042.52. […]

Austin: The “Cyber Rodeo at Giga Texas”, an invitation-only party for thousands of guests at Tesla’s new billion-dollar-plus “Gigafactory” in Austin, was the biggest secret and the toughest ticket in town Thursday. As many as 15,000 people were expected to attend the private event hosted by Tesla mogul Elon Musk to mark the opening of […]

Hyderabad: With the arrival of the summer season, the prices of lemons have skyrocketed over the past week and a single lemon is being sold at Rs 10 in Hyderabad city. Vendors expressed their concerns over the rising price of lemon saying that consumers are not ready to purchase the citrus fruit at such a […]

Hyderabad: The use of drones in agriculture has slowly gained momentum in the last couple of years with many startups looking to venture into this space. While several startups are offering these services, not many are looking at the ground reality of providing the right training to use these drones to farmers. A Hyderabad-based startup […]

Bengaluru: Deep tech platform Instoried on Thursday said it has secured $200 mn commitment from global investment group GEM Global Yield, and will use the funds to expand operations globally and develop artificial intelligence (AI)-based content generation tools. Led by a woman founder, Sharmin Ali, Instoried uses AI to help people write original and more […]

Hyderabad: A young MBA graduate from Hyderabad, Jishnu Saurabh has launched a social health technology start-up Health Mobis, with an aim to facilitate companies in Hyderabad, especially those with limited resources, to guide their employees in achieving health and wellness goals. As part of its first initiative, Health Mobis has managed to onboard city-based Aswini […]

Hyderabad: Union Bank of India (UBI) MD and CEO Rajkiran Rai G on Wednesday unveiled its digital ready transformation project ‘Union Sambhav’ and also its super app, union Nxt. “With Sambhav and Super App , I am confident that union Bank of India will deliver real-world value to its customers through an accelerated digital transformation,” […]

New Delhi: Consumer durable major Panasonic India on Thursday launched its flagship mirrorless camera — LUMIX GH6 – in India for Rs 2,34,990. The company said that LUMIX GH6 offers outstanding mobility and high video performance, making it a perfect partner for the content creator community worldwide. It is available across all Panasonic brand shops […]

New Delhi: Former Co-founder and managing director of BharatPe, Ashneer Grover, on Thursday once again hit at the board members of the fintech company, saying snatching the keys and running a corner shop are two different skill-sets. Ashneer was stripped last month of all company titles over alleged “extensive misappropriation of company funds” and using […]

London: Ride-hailing platform Uber is adding trains, buses, planes and car rentals to its UK app this year. The move is part of a pilot that could be expanded to other countries at a later date if it goes well, reports CNBC. While Uber will not provide these travel services itself, it will allow users […]

New Delhi: With another hike of Rs 2.5 per kilogram on Thursday, the price of Compressed Natural Gas (CNG) has zoomed by Rs 9.10 per kg in the last six days. Notably, the CNG prices were increased by the same amount yesterday also. With today’s hike, CNG in Delhi would now cost Rs 69.11 per […]

San Francisco: Meta has announced not to hold its flagship Facebook F8 developer conference this year, as it gears up for new initiatives towards metaverse. Meta will instead organise its “inaugural business messaging event”, called Conversations, on May 19. “Similar to years past, we are taking a brief break in programming and will not hold […]

Hyderabad: Hindustan Coca-Cola Beverages (HCCB), the FMCG company that makes beverages like Thums Up, Sprite, and Limca among others, is investing about Rs 1,000 crore in setting up its second manufacturing unit in Telangana at Bandathimmapur Food Processing Park in Siddipet. Of the Rs 1000 crore to be invested over five years, about Rs 600 […]

Mumbai: The Indian equities markets benchmark Sensex fell 393.01 points on Thursday dragged by selling pressure in consumer durables and tech stocks. The 30 stock S&P BSE Sensex was trading 393.01 points or 0.66 per cent lower at 59,217.40 points at 9:30 pm. The broader Nifty 50 of the National Stock Exchange was trading 91.40 […]

New Delhi: A bench headed by Chief Justice N.V. Ramana on Wednesday said it hopes it does not have to hear this case again, while noting that Amazon and Future Retail Limited (FRL) will move the arbitration tribunal to resume arbitration proceedings. The top court added that the tribunal will consider FRL’s application on priority […]