Business

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 […]

Hyderabad: Ever heard of a fish variety that could cost you about Rs 2000 per kg? Well! Rainbow Trout does cost that much and is still in high demand, in Hyderabad also. The popularity of the Rainbow trout is so much that in lakes and streams in Kashmir, where the fish is found in abundance, […]

Hyderabad: Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth Rs 498 crore across its various business verticals. Pre Engineered Buildings (PEB) vertical has received orders from Reliance Industries, MSN Laboratories, Technocraft, JSW and Siemens. Ascent Buildings, USA vertical has received orders from Dunn & Griffco, Alladin, Tubular Steel, Service […]

Hyderabad: The Reserve Bank of India (RBI) has restored the pre-pandemic trading timings in RBI-regulated markets, which includes the money market. With this, banks will now open at 9:00 am. Even financial markets regulated by RBI such as the forex market have a new set of timings to abide by. The RBI notification said, “With […]

Bengaluru: With economic activity showing impressive recovery from Covid’s grip, hiring demand witnessed a 6 per cent year-on-year growth in the month of March 2022, according to a report. The Monster Employment Index (MEI) showed online recruitment activity exceeded the year-ago level in 11 out of the 13 cities monitored by the index. All metros […]

Hyderabad: Biotechnology company Ocugen will commercialise Bharat Biotech’s Covaxin in Mexico. The two companies amended their present co-development, supply and commercialisation agreement on Bharat Biotech’s Covid-19 vaccine Covaxin to include Mexico. With this amendment, Ocugen now has commercialisation rights of Covaxin for all of North America. “We’re excited to commercialise Covaxin in Mexico, as authorities […]

Hyderabad: RapidEVChargE, which is into manufacturing of electrical chargers and creating related software applications, has plans to set up a electric vehicle charger manufacturing unit in Telangana Hyderabad. It will be through a franchise route. It currently manufactures chargers in Coimbatore, said company Founder and Chief Executive Officer P Sivasubramaniam. It also has plans to […]

Hyderabad: Hyderabad-based early stage venture capital fund Endiya Partners along with Chiratae Ventures has invested $1.2 million in HR Tech SaaS platform Expertia AI. The seed funding round also saw participation from Entrepreneur First and angel investor Archana Priyadarshini. The funds will be used for assembling a team of AI Researchers and Software Engineers and […]

Hyderabad: Hyderabad headquartered datacenter company CtrlS has laid the foundation stone of its Rated-4 Datacentre in Assam, a first major IT investment in that region. The IT Minister of Assam, Keshab Mahanta was part of the event held at Tech City Park, Guwahati in the presence of Himanta Biswa Sarma, Chief Minister of Assam, Ramendra […]

Bengaluru: Restaurant management platform UrbanPiper on Monday announced it has raised $24 million led by existing investors Sequoia Capital India and Tiger Global, and new investors Swiggy and Zomato. The platform aims to use the funds to scale its product and engineering teams and looks to expand to more than 200,000 restaurant locations globally in […]

New Delhi: Samsung on Monday said it will launch Galaxy M53 5G, its next M series smartphone, on April 22 that may cost around Rs 25,000. Galaxy M53 5G comes with segment-best 108 MP camera, ‘Auto’ data switching and sAMOLED+ display. The ‘Auto’ data switching feature helps consumers stay connected through their secondary SIM seamlessly […]

New Delhi: India’s benchmark equity indices declined sharply in early trade on Monday as surge in inflation dented investors’ sentiment. Consumer Price Index or retail inflation rose steeply in March to 6.95 per cent, which was above Reserve Bank of India’s upper tolerance band of 6 per cent for three consecutive months. At 9.36 a.m., […]

New Delhi: Electric two-wheeler manufacturer Okinawa Autotech has recalled 3,215 units of its ‘Praise Pro’ scooters. “This voluntary campaign is in the wake of the recent thermal incident and in line with the company’s long-standing commitment to customer safety,” the company said in a statement. Recently, social media was a buzz with pictures of electric […]

New Delhi: The global IT and business services market is expected to grow by 5.6 per cent in 2022, representing an increase of 160 basis points from 2021 forecast, according to IDC. The market will continue to expand throughout the next few years at a rate of 4-5 per cent, representing an overall increase of […]

San Francisco: Tesla and SpaceX CEO Elon Musk on Sunday said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer to acquire 100 per cent of the micro-blogging platform for $43 billion. He was reacting to a follower who said that the Twitter […]