Business

Hyderabad: Hyderabad-based Hetero, a vertically integrated pharmaceutical organisation, has received Drug Controller General of India (DCGI) nod for manufacture and marketing of molnupiravir capsules 200 mg (Movfor). Molnupiravir is an oral antiviral indicated for restricted emergency use in India to treat adult patients with Covid-19. Hetero’s Movfor will be made available in a 40 capsule […]

Hyderabad: Hyderabad-based Optimus Pharma launched their frontline Covid-19 medication molnupiravir in the Indian market, as they have received permission for the restricted emergency use for Covid-19 drug. Optimus Pharma is ready with a commercial quantity of the drug. The company has completed its phase 3 clinical trials on 1,218 subjects across 29 geographical study sites […]

Hyderabad: In one of the largest single land deals of 2021 in India, JLL completed 10 acres of prime land sale to Hyderabad-based real estate developer Ashoka Builders India Private Limited (ASBL) at Rs 235 crore. ASBL has emerged as the highest bidder for the deal. The land is situated at Kukatpally, which is in […]

New Delhi: Domestic airlines on Monday launched attractive sales offers to lure passengers during the holiday season, even as rising Covid infections have caused apprehensions amongst the general public. However, an overwhelming number of people are expected to travel during this New Year travel period. SpiceJet and AirAsia India have launched special offers. SpiceJet launched […]

Hyderabad: F&B startup Skippi Ice Pops, India’s first ice popsicle brand, received funding of Rs 1 crore for 15 per cent equity in the first edition of Shark Tank India aired on Sony Entertainment Television on Monday night. Skippi Ice Pops founded by husband-and-wife duo, Ravi Kabra, and Anuja Kabra, is the first brand to […]

Hyderabad: Hyderabad-based Lee Health Domain launched a nutraceutical product with a combination of naturally derived ingredients with anti-inflammatory action as an adjuvant therapy for getting relief from joint pains, fatigue, and neuropathic pain associated with post viral infections such as coronavirus. The oral tablet formulation is released in the market under the brand name Actokin, […]

Hyderabad: Granules Pharmaceuticals Inc (GPI), a wholly owned foreign subsidiary of Hyderabad-based Granules India, received the US Food & Drug Administration (US FDA) approval for the Abbreviated New Drug Application (ANDA) for Prazosin Hydrochloride Capsules, USP 1mg, 2mg and 5mg. It is bioequivalent to the reference listed drug product (RLD), Mini plus capsules 1Mg, 2Mg […]

Hyderabad: In recent times, people have been pushing themselves towards having a healthy lifestyle. And to adopt a healthy lifestyle, all one thinks is ‘Food’ and the demand for healthy food has increased immensely. Even though having various food options to pick from, organic food is considered to take the top spot when it comes […]

New Delhi: Tata Group’s takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures is taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares […]

Hyderabad: Indian Space Association (ISpA), an industry body created to be the collective voice of the Indian space industry, was formally launched on 11 October 2021. ISpA aims to undertake policy advocacy and engage with all the stakeholders, including the government and its agencies such as ISRO, IN-Space, NSIL, DoT as well as international agencies […]

New Delhi: Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the maximum retail price (MRP) of their products by 10-15 per cent to provide relief to consumers, industry body SEA said on Monday. The prices have been reduced by Adani Wilmar (on Fortune brands), Ruchi Soya (Mahakosh, Sunrich, Ruchi Gold and […]

Hyderabad: Hyderabad-based Rainbow Children’s Medicare, a multi-specialty pediatric and obstetrics and gynecology hospital chain backed by UK-based CDC Group, has filed the draft red herring prospectus (DRHP) with the capital markets regulator SEBI with an aim to raise over Rs 2,000 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity […]

New Delhi: HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas. A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB. About 90 […]

Hyderabad: Proving its fundamentals right, Hyderabad has been ranked the highest amongst the top eight Indian cities in Q3 2021 in terms of residential price appreciation, witnessing 2.5 per cent year-on-year (YoY) increase in home prices. Knight Frank Global Residential Cities Index Q3 2021 showed that Hyderabad has been positioned at 128th rank globally while […]

The 30-share index plunged 444.83 points or 0.78 per cent to 56,679.48 in the opening trade. Similarly, the Nifty tumbled 128.40 points or 0.76 per cent to 16,875.35.

New Delhi: A bat signed by the 2011 World Cup winning Indian cricket team was sold for USD 25,000, while Australia opener David Warner’s 2016 IPL-winning signed SunRisers Hyderabad jersey fetched USD 30,000 in a non-fungible token (NFT) auction in Dubai. The NFT auction, conducted by CricFlix in association with RevSportz and Fanatic Sports, witnessed […]

Institutional investments in real estate may fall 20 per cent to $4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to $2,977 million from $1,534 million in the year-ago period. “Unless some large portfolio deals […]

Mumbai: The country’s monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, Reserve Bank of India’s Deputy Governor Michael D Patra said on Friday. Financial inclusion appears to have gone up, with the level of the RBI’s financial inclusion index rising from 49.9 in […]

The 30-scrip BSE Sensex was down by 266.73 points or 0.47 per cent at 57048.55 at 9.45 am.

Hyderabad: Hyderabad could soon join the 100 million sqft commercial space league. Currently, the commercial space is pegged around 76 million sqft and the additional space will come about from more than 40 IT parks, whose works are in various stages. While manufacturing, life sciences and other sectors are growing significantly, the bulk of the […]

Hyderabad: Granules India, a vertically integrated pharmaceutical company based in Hyderabad, appointed Sucharita Rao Palepu as non-executive independent director on the Board of the company with immediate effect. Sucharita brings with her experience of two decades in IT and financial services. She is currently a strategic advisor specialising in organization & HR transformation initiatives, prior […]

New Delhi: GMR Infrastructure on Thursday said it has received approval from the National Company Law Tribunal (NCLT) for the restructuring plan involving the demerger of the non-airport business. GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors. “The Hon’ble […]

New Delhi: The country’s largest two-wheeler maker Hero MotoCorp on Thursday said it will increase prices of its entire model range by up to Rs 2,000 from January 4, 2022 in order to offset the impact of rise in input cost. The company will make an upward revision in the ex-showroom prices of its motorcycles […]

Hyderabad: Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Group, committed Rs 225 crore to Hyderabad-based Phoenix Group through multiple investments in the last nine months. Phoenix Group is actively involved in real estate with projects across asset classes including residential, office space, commercial or retail. The company’s completed […]