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Home  Business

Business

Markets shed early gains to trade lower

Markets shed early gains to trade lower

  • Rupee gains 10 paise to 81.54 against US dollar

    At the interbank foreign exchange, the domestic unit opened up at 81.59 against the dollar, then gained further ground to quote 81.54, registering a gain of 10 paise over its previous close.
  • Qualcomm doubles down on 5G with Jio to connect 100 mn Indian homes

    Qualcomm is working very closely with Reliance Jio to provide its chipset platforms for the 5G fixed wireless access and the Open RAN 5G network.
  • Amazon CEO confirms more layoffs coming in early 2023

    The e-commerce giant publicly confirmed some layoffs on Wednesday and now, Jassy has said more layoffs are coming as Amazon's annual planning process extends into the new year.
  • Annalect India moves to new office in Hyderabad

    Annalect India, a marketing and communications player, announced its new office in Hyderabad.
  • Hyderabad-based ekincare partners with Stanplus to offer emergency services to its customers

    Hyderabad: Hyderabad-based health benefits platform ekincare and medical response company Stanplus joined hands to provide emergency services to the former’s more than 500 corporate customers. Under this, ekincare customers will have access to Stanplus’ network of about 6,000 ambulances in 550 locations cities across India with a 24/7 emergency support helpline, an ambulance support at […]
  • Hyderabad-based Natco Pharma appeal rejected in US court

    Hyderabad City-based Natco Pharma said that the Appeals Court in the US has rejected its marketing partner Alvogen’s appeal on Ibrutinib tablets. These are proposed generic equivalents to Imbruvica tablets made Pharmacyclics LLC. It is indicated in the treatment of cancer. Natco and its co-development and marketing partner Alvogen Pine Brook are assessing their option […]
  • Hyderabad: NoBroker.com launches experience centre at Gachibowli

    Hyderabad: NoBroker.com, a tech-based real estate platform, launched an experience centre at Gachibowli. This will offer customers a touch-and-feel experience of home decor products. The platform has about 10 lakh customers in the city. “The home interiors’ organised market is capturing a small segment of the overall market and there is scope for NoBroker to […]
  • MEIC recognised among India’s Best Workplaces for Women

    Hyderabad: Medtronic Engineering and Innovation Centre (MEIC) in Hyderabad has been recognised among India’s Best Workplaces for Women 2022 by Great Place to Work India. MEIC features amongst the top 100 organisations for best places to work for women. This certification recognises MEIC’s work foster inclusion, diversity, and equity, it said. MEIC is Medtronic’s largest […]
  • Telangana plans to set up two new aerospace parks

    The State also has plans for an aerospace university in partnership with the industry, he said, adding that it was open for collaborations with ecosystem partners.
  • Markets fall in early trade on weak global equities

    The 30-share BSE Sensex declined 211.76 points to 61,768.96 in early trade. The broader NSE Nifty dipped 57.95 points to 18,351.70.
  • Rupee falls 37 paise to 81.63 against US dollar in early trade

    Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption despite a slowing economy, adding room for tighter policy by the US Federal Reserve.
  • Amazon confirms layoffs, employees say ‘horrendous way to treat people’

    The company did not reveal the exact number of employees being hit although earlier reports put the number at 10,000 employees or 3 per cent of its workforce.
  • FTCCI, Foreign Economic Relations Board of Turkey sign MoU to facilitate trade, investments

    Hyderabad: Industry body FTCCI entered into a MoU with the Foreign Economic Relations Board of Turkey to facilitate trade and investment between Telangana and Turkey. FTCCI with support of WTC Hyderabad organised business matchmaking meetings with Turkey business delegates on Wednesday in Hyderabad. “The Indian markets, especially Telangana, have been growing consistently and there are […]
  • Adani takeover target NDTV scrip hits upper circuit

    Adani takeover target NDTV scrip hits upper circuit Adani takeover target NDTV scrip hits upper circuit Adani takeover target NDTV scrip hits upper circuit Adani takeover target NDTV scrip hits upper circuit
  • UK inflation rises to 41-year high at 11.1%

    London: Britain’s inflation rate rose to a 41-year high in October, fuelling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices rose 11.1% in the 12 months through October, compared with 10.1% in September, the Office for National Statistics […]
  • Skootr plans to double portfolio to 10 lakh sq ft in Hyderabad with Rs 75 crore investment

    Skootr offers ‘workspace-as-a -service’ wherein enterprises get customised flexible office space without locking up funds in the capital expenditure.
  • `India can be manufacturing hub for the world’

    Hyderabad: With Europe in recession now and US heading for one, India is the only country which has the potential to become the manufacturing hub for the world in the future, said P Subba Rao, CMD, Ananth Technologies. He spoke at the industry body FTCCI CEO forum on `Navigation of your entrepreneurial journey.’ Tracing his […]
  • Here’s how to check your pension status with PPF no

    Hyderabad: If you see your PF statement, you will find three components – Employee share, Employer share, and Pension Contribution or Employee Pension Scheme (EPS). While the amount that gets deducted from your gross salary towards the provident fund is called employee share, the amount which the employer contributes towards your provident fund is known […]
  • Amazon plans to lay off 10,000 people in coming days: Report

    Amazon plans to lay off approximately 10,000 people in “corporate and technology jobs starting as soon as this week.”
  • Unicorn Darwinbox to add 300 people in Hyderabad, 100 in other markets

    Hyderabad: Darwinbox, Hyderabad-based HR tech platform on Monday announced plans to add 300 people in Hyderabad in about six months. This will take the headcount to 1,000 in the city from the current 700, said Rohit Chennamaneni, Darwinbox Co-founder. The company Monday moved into a new global headquarters in about 75,000 sq ft at Skootr […]
  • LIC shares rise more than 9% on back of strong quarterly earnings

    The shares of the insurance company were trading at Rs 665 apiece at 10.20 am on BSE while it was at Rs 668.65 apiece at 11.40 am on Monday.
  • Markets climb in early trade, turn volatile later

    The 30-share BSE Sensex climbed 92.98 points to 61,888.02 in early deals. Similarly, the broader NSE Nifty advanced 44.4 points to 18,394.10.
  • Rupee falls 15 paise to 80.93 against US dollar

    At the interbank foreign exchange, the domestic unit opened on a strong note at 80.53 against the dollar, then pared the gains to quote at 80.93, registering a loss of 15 paise over its previous close.
  • What causes fluctuations in currency value? Know here 

    Hyderabad: The rupee on Friday rose to 71 paise to 80.69 against the US dollar. A year back, it was around Rs 74 against the US dollar. Last month, the rupee hit a record low of 83.08. It is expected to touch Rs 84 or even more by the end of 2022. Here, let’s see […]
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