Business

New Delhi: The Life Insurance Corporation of India on Sunday filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI. The insurer is looking to sell the Centre’s five per cent equity stake in the company via its upcoming IPO, the DRHP document said. The Centre aims to offload a total of 316 […]

Hyderabad: JLL has facilitated a joint venture (JV) between Genpact and Ramky Estates & Farms Limited (REFL), a Hyderabad-based real estate developer, to develop 14.37 acres of land situated at Uppal, Hyderabad. The land parcel owned by IT major Genpact is situated next to their campus in Uppal. The company was looking at expanding its […]

Mumbai: Led by the general government debt, the country’s non-financial sector debt grew 11.9 per cent year-on-year to Rs 371 lakh crore, or 170.2 per cent of GDP, in the September 2021 quarter, even as the indebtedness of the households declined marginally, according to a report. However, this is lower than the previous fiscal, when […]

Hyderabad: Hyderabad-based Kaveri Seed Company reported a net profit of Rs 9.08 crore for the third quarter ended December 31, 2021, as compared to Rs 7.45 crore in Q3FY21, registering a growth of 21.88 per cent. The company’s revenue from operations stood at Rs 102.08 crore as compared to Rs 100.07 crore in Q3FY21, registering […]

Hyderabad: Hyderabad-based Pitti Engineering reported a net profit of Rs 11.52 crore for the third quarter ended December 31, 2021, as compared to Rs 7.26 crore in Q3FY21, showing an increase of 58.68 per cent. The company’s revenue from operations stood at Rs 264.83 crore as compared to Rs 151.32 crore in Q3FY21, registering a […]

Hyderabad: Hyderabad-based Aragen Life Sciences, formerly known as GVK Bio, donated a fully-equipped ambulance to the Government of Telangana (GoT) as part of its CSR activities. A flag-off event of the vehicle was done in the presence of Minister for Health, Medical and Family Welfare & Finance T Harish Rao on Saturday. Ramesh Gambhir, VP, […]

Pune: Renowned industrialist Rahul Bajaj – the doyen of the Bajaj Group – passed away in Pune following a prolonged illness. He was 83. Born in Kolkata in 1938, he was ailing from cancer for a long time and the end came around 2.30 p.m. on saturday. Bajaj had taken charge of the Bajaj Group […]

Hyderabad: Hyderabad is witnessing robust retail growth led by high streets, aggressive expansions, and continued momentum in 2022. There hasn’t been any noticeable impact due to Omicron / third wave and the momentum has continued unabated and retailers are expanding aggressively across all locations. Overall retail demand this year could go up to 1.7-2 million […]

Priced at Rs 19,999, the smartphone comes with MediaTek 5G Dimensity 900 processor, 8GB LPDDR5+3GB virtual RAM, and 6.9 FHD+ Dot-in display with a 120Hz refresh rate and 6000mAh battery.

Hyderabad: Tall buildings that play hide and seek with clouds are touching the sky in Hyderabad. Many property buyers are looking at investing in the topmost floors of these buildings that are called high-rises. With a greater demand for these high-rises many developers are also looking building them even as the city witnessing exponential growth […]

Hyderabad: Dr Reddy’s Laboratories entered into an exclusive sales and distribution agreement with Novartis India for the Voveran range, the Calcium range, and Methergine in India. Under the arrangement, Dr Reddy’s will have exclusive rights to promote and distribute these products in India. The company will use its strengths in promotion and distribution to considerably […]

Hyderabad: Hyderabad-based Balaxi Pharmaceuticals reported a net profit of Rs 12.2 crore for the third quarter ended December 31, 2021, registering a 11 per cent growth compared to Rs 11 crore recorded during the corresponding period of the previous year. The company’s revenue slipped 6.5 per cent to Rs 61.7 crore in the quarter under […]

New Delhi: N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons – the holding company of the salt-to-software Tata Group – for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the […]

Hyderabad: Hyderabad-based electric vehicle maker Atumobile expanded its manufacturing capacity by setting up a new facility in Patancheru, Hyderabad. With the addition of the new unit, the company has increased its production capacity from 25,000 units per annum to 3.5 lakh units per annum. Atumobile set up its first unit in Patancheru in 2020. The […]

Hyderabad: Real estate developer Urbanrise-Alliance Group which has projects across key markets of south India is betting big on Hyderabad, particularly in the residential sector. The company is also planning for an IPO to meet its expansion needs in Hyderabad and other southern markets. The 18-year-old company has recently launched three projects in Hyderabad that […]

Hyderabad: Hyderabad-based startup NextSteps AI has announced it has been acqui-hired by Noida-based education technology (edtech) company Schoolnet India. Through this acquisition, the team of NextSteps AI will be joining the Schoolnet’s team to enhance the latter’s deep-tech capabilities to personalize education at scale. NextSteps AI is a deep-tech (AI/ML) startup incubated at T-Hub and […]

New Delhi: Passenger Vehicle (PV) dispatches from factories to dealers in India fell 8 per cent in January, mainly due to semiconductor shortage, auto industry body SIAM said on Friday. The total passenger vehicle wholesales dropped to 2,54,287 units in January 2022 as compared to 2,76,554 units in the same month of last year. Last […]

The ultra-fast and low-latency 5G trial on Reno7 Series was successfully concluded in a demo set-up.

The company’s revenue from operations stood at Rs 78.1 crore as against Rs 55.2 crore in Q3FY21, growing 41.4 per cent year-on-year.

The 30-scrip BSE Sensex was down by 612.80 points or trading at 58313.23 and down by 1.04 percent at 9.20 am.

Hyderabad: Hyderabad-based Pennar Industries Limited (PIL), a value-added engineering products and solutions company, reported a net profit of Rs 10.71 crore for the quarter ended December 31, 2021, compared to Rs 2.73 crore in Q3 FY21. The company’s net revenue stood at Rs 532.97 crore during the quarter under review compared to Rs 411.93 crore […]

Hyderabad: West Pharmaceutical Services, which provides innovative solutions for injectable drug and healthcare products, partnered with TECHIN, a Technology Innovation Foundation of IIT Palakkad that focuses on assisting innovation and incubation for budding entrepreneurs, to build a Medtech research Centre of Excellence (CoE). The company has its sales office in Hyderabad and a manufacturing unit […]

Mumbai: Cryptocurrency is privately created and it is a very big threat to the country’s macroeconomic and financial stability, RBI Governor Shaktikanta Das said on Thursday. Replying to a question, Das said, “Cryptocurrency or currency which have currency like character, they will undermine the RBI ability to deal with issues of financial stability.” RBI Governor […]

Hyderabad: Hyderabad-based Krishna Institute of Medical Sciences Limited (KIMS Hospitals) reported a jump of 76 per cent in net profit for the third quarter ended December 31, 2021, at Rs 84.2 crore compared to Rs 47.8 crore during the corresponding period of the previous fiscal. The Q3 FY22 saw the business coming back on track […]