Business

Hyderabad: Pharmacy retailer MedPlus Health Services Ltd, which got listed on BSE on Thursday, saw its stock jumping 40.81 per cent to Rs 1,120.85. The shares were listed with a premium of nearly 31 per cent against the issue price of Rs 796 and settled with a gain of about 41 per cent. Similarly, the […]

Hyderabad: Hyderabad-based Mold-Tek Packaging raised Rs 103.6 crore through Qualified Institutions Placement (QIP). The QIP Committee at its meeting held on December 17, 2021, approved the issue and allotment of 14,00,000 equity shares to the eligible qualified institutional buyers at a price of Rs 740 per equity. The funds which have invested in this QIP […]

Hyderabad: The US-based Compass’ India Development Centre (IDC) located at Hyderabad’s Financial District represents the only development centre of the real estate tech company outside the US and is playing a key role in the company’s tech development bringing in artificial intelligence, mobile applications, and data analytics capabilities to the global team. Compass Inc provides […]

Hyderabad: Last week, US-based insurance player Mass Mutual announced that its workforce crossed 1,100 people. This is more than double from 500 people it wanted to have in Hyderabad. The company first made its Hyderabad plans public in January and was up and running in about two months. The company went from paperwork to pay […]

Goyal said that infinite possibilities in technology should aid the Centre's initiatives and not just further complicate the system. He also stressed the need for indigenous solutions to problems facing the country.

The company posted its first image on its Weibo and Twitter accounts.

Hyderabad: Serial entrepreneur Aditya Vuchi, who recently exited his previous company MediaMint in a Rs 566 crore deal, raised seed funding for his latest tech venture Doosra. The fresh round is led by Omidyar Network India, while Titan Capital, 2am Ventures and other angel investors including Bhuvan Gupta, co-founder, OfBusiness, Nitin Agarwal and Srinivas Raju […]

The new tokenisation rule, which comes into force from January 1, prohibits all online shopping portals from saving your card numbers, CVV and expiry date in their servers.

Bahl is entitled to receive such remuneration for a three-year period, starting April 1, 2021 till March 31, 2024.

Hyderabad: A long spell of pandemic and a dip in the economic activity has not deterred the job market in Hyderabad. The presence of global multinationals along with many Indian companies has proved to be in favour of the job market. According to a recent report, Hyderabad continues to be among the top three cities […]

Hyderabad: Bengaluru-based Namdhari’s Group, a sustainable farming, retail and food entity, is expanding its presence in Hyderabad with plans to invest Rs 50 crore over the next 24 months. The investment will go towards farming operations, growing production centres, experience stores, dairy products, standalone food outlets and warehousing. Simpli Namdhari’s is a vegetarian retailer with […]

Hyderabad: The co-living segment in the country is expected to see a recovery driven by reopening of offices, record vaccination and reopening of colleges in a phased manner. The segment is expected to have 4,50,000 beds mainly driven by organised players by 2024 as opposed to 2,10,000 beds by the end of 2021, according to […]

New Delhi: Online job platform Monster.com on Wednesday said that it has raised Rs 137.5 crore in a funding round led by Mohandas Pai of Meridian Investments and Akash Bhanshali of Volrado Venture Partners, with participation from Quess, its parent company. The online talent platform said that the funds will be utilised towards enhanced investments […]

Hyderabad: T-Works, the largest proto-typing facility created by the Telangana State government, and semiconductor and electronic component distributor Mouser Electronics announced a partnership under which the latter will support T-Works with procurement of high-end prototyping equipment in the electronics test and measurement fields. This agreement follows multiple partnerships between the two entities over the years, […]

Hyderabad: Netherlands-based mobility tech company Stellantis, is embarking on its journey to clock €4 billion in revenues by 2026 and €20 billion by 2030, and believes that Hyderabad in particular, and India in general have a key role to play in contributing to it. The company plans to hire 2,200 people in Hyderabad by 2024. […]

New Delhi: Gold prices on Tuesday fell by Rs 71 to Rs 48,169 per 10 gram in futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for February traded lower by Rs 71, or 0.15 per cent, to Rs 48,169 per 10 gram in a business turnover […]

New Delhi: Piramal Pharma on Tuesday said it has invested Rs 101.77 crore in Hyderabad-based Yapan Bio to augment the capabilities of its contract development and manufacturing organisation (CDMO) business. The Mumbai-based company has acquired a 27.78 per cent stake in Yapan as a result of the investment. The investment will allow Piramal Pharma to […]

Mumbai: E-commerce platform Snapdeal on Tuesday filed papers with the market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) through which it plans to raise Rs.1,250 crore. According to Draft Red Herring Prospectus, the IPO consists of a fresh issue of shares worth Rs 1,250 crore and an offer […]

Hyderabad: MSN Pharmaceuticals Inc. (MSNPI), a wholly owned subsidiary of Hyderabad-based MSN Group of companies, based out of Piscataway, New Jersey, USA completed its maiden USFDA audit with zero observations. The finished dosages facility was established to enhance MSN Group’s product portfolio as well as contract development & manufacturing services, in the US and several […]

Hyderabad: Bharat Biotech has sought the approval of the Drug Controller General of India (DCGI) to conduct Phase 3 trials of its Covid-19 intranasal vaccine, sources said on Monday. The Hyderabad-based vaccine maker has submitted the application and awaiting approval for Phase 3 trials of intranasal vaccine (BBV154). “Intranasal vaccines have the potential to prevent […]

Hyderabad: Explaining its 28 days open vial policy, Hyderabad-based Bharat Biotech on Monday stated that healthcare workers do not have to worry about opening Covaxin’s vial and its wastage. This means that an open Covaxin vial can be used up to 28 days post opening and would not go waste if there are no people […]

Hyderabad: Ashok Leyland, flagship of Hinduja group, launched new advanced vehicle transformation (AVTR) tipper models with high horsepower – AVTR 2832 and AVTR 3532 in Hyderabad. The launch of these vehicles with the A6 engines will help customers for applications such as road construction, irrigation, deep mining, boulder quarry and others. Powered by 8.0L A6 […]

Hyderabad: Telangana will see investments of Rs 6,000 crore in electric vehicle (EV) manufacturing over the next five years. The investments are based on EV companies’ outlay in manufacturing capacities, mostly in EV components and assembly-line production, followed by investments in battery manufacturing. Emerging clusters in the State such as Chandanvelly-Sitarampur and Divitipalli are drawing […]

Hyderabad: Tata Technologies, a global engineering and product development digital services company, has been selected by Airbus as an engineering, manufacturing engineering and services strategic supplier (EMES 3) and will collaborate with Airbus towards engineering, customer services engineering, and manufacturing engineering areas. The company said, this is an outcome of an extensive seven-month long multi-phased […]