Business

New Delhi: The government on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel. The government also slapped a Rs 23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international […]

New Delhi: The price of a commercial LPG cylinder has been reduced by Rs 198 with immediate effect from July 1. With the latest reduction, a 19-kg commercial Liquefied petroleum gas (LPG) cylinder in Delhi will now cost Rs 2021. It will provide some relief to restaurants, eateries, tea stalls and others which constitute the […]

Mumbai: Benchmark indices opened the trade on a weak note on Friday, with the Sensex falling nearly 400 points in early trade, amid weak global market trends. The BSE benchmark Sensex was trading 399.69 points lower at 52,619.25. The NSE Nifty dipped 130.25 points to 15,650. Among the Sensex pack, Dr Reddy’s Laboratories, Titan, HDFC, […]

Mumbai: The rupee depreciated 5 paise to a record low of 79.11 against the US dollar in opening trade on Friday as persistent foreign funds outflows weighed on investor sentiments. At the interbank foreign exchange, the rupee opened on a weak note at 78.99 against the American dollar, then lost ground to quote at 79.11 […]

Hyderabad: Hyderabad-based venture capital company Endiya Partners has invested in aquaculture fintech platform AquaExchange along with another funding agency Accion Ventures and existing investors. A total of $3 million has been invested in the company as part of its pre-Series A funding round. AquaExchange, a full-stack, tech-driven platform serving the multi-billion-dollar shrimp & fish ecosystem, […]

New Delhi: Edtech major Byju’s on Thursday said that less than 500 people have been laid off at Whitehat Jr and Toppr, but sacked employees have claimed that 1,100 staff had been retrenched at Toppr alone. The layoff at Toppr comes alongside Byju’s group firm Whitehat Jr retrenching 300 employees in addition to the resignation […]

New Delhi: Prime Minister Narendra Modi on Thursday assured the MSME sector that the centre is ready to make necessary policy changes to encourage small entrepreneurs as they are playing a key role in the ‘AatmaNirbhar Bharat’ (self-reliant) initiative of the government. Addressing the ‘Udyami Bharat’ programme, the Prime Minister exhorted small entrepreneurs to register […]

New Delhi: Domestic equity indices traded marginally higher in the morning session on Thursday. Other major Asian markets are, however, trading in the red in the early Thursday trade, said Mohit Nigam, Head – PMS at Hem Securities. At 9.42 a.m, Sensex was at 53,334.05 points, up 307.08 points, or 0.58 per cent, whereas Nifty […]

Mumbai: Recovering from its record low, the rupee appreciated 13 paise to 78.90 against the US dollar on Thursday. At the interbank foreign exchange, the rupee opened at 78.92 against the American dollar. In initial trade, the local currency witnessed a high of 78.90 and a low of 78.94 against the US dollar. In the […]

San Francisco: Herbert Diess, the current chairman of the board of management of the German motor vehicle manufacturer Volkswagen Group, has said that the carmaker will take the lead over Elon Musk’s Tesla by 2025. During a meeting at the company’s headquarters in Germany, Diess said that Tesla will lose its strength trying to ramp up […]

Hyderabad: Hyderabad based Lemme Be, which is into offering menstrual hygiene products, said it raised Rs 13.5 crore including Rs 11.5 cr in equity and Rs two crore in debt. The Pre-Series A funding round was led by investors – Multiply Ventures, Wami Capital, Sattva Family office, Anicut Capital AIF and Grip Investment. Lemme Be […]

Hyderabad: This year saw the growth of new technology terms – Web 3.0 and Metaverse. In order to demystify these terms, four industry experts and one government representative sat for a panel discussion at the T-Hub Innovation Summit. Aptly titled De-Mystifying Web 3.0 and Metaverse, ITE&C Department director of emerging technology Rama Devi Lanka, Mzaalo […]

Pride Month is coming to an end. Many corporations have been vocal about hosting parades, festivals, and workshops to not just spread awareness about queer history but also to create an accepting space for them. Swati Rustagi, Director, DE&I, International Markets, WW Consumer, Amazon, talks about the need for creating gender-neutral restrooms, offering same-gender partner […]

Hyderabad: Chief Minister K Chandrashekhar Rao wanted Telangana to be known as the startup State of India, with Hyderabad winning global recognition for having a robust startup ecosystem. He said the Telangana government invested in the second phase of T-Hub, with an aim to incubate next generation of startups which would be strong pillars of […]

Bengaluru: Edtech major BYJU’s on Tuesday named Krishna Vedati as President of Global Growth and Strategic Initiatives, along with rejigging top leadership at K-12 creative coding platform Tynker (which it acquired for $200 million) as part of its US expansion. Vedati, Co-Founder and CEO of Tynker, will report to BYJU’s Co-Founder and CEO Byju Raveendran. […]

Hyderabad: What started as a humble 70,000 sqft building inside the International Institute of Information Technology (IIIT) Hyderabad in Gachibowli has now metamorphosed into a 3,70,000 sqft building bang in the middle of the technology hub in Raidurg. The T-Hub 2.0 will be five times bigger in size and shape and yet the first phase […]

Mumbai: The rupee appreciated 6 paise to 78.27 against the US dollar in opening trade on Monday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, elevated crude prices and persistent foreign fund outflows restricted the rupee’s gain, forex dealers said. At the interbank foreign exchange, the rupee opened […]

New Delhi: Domestic equity indices extended their gains from the previous week and traded sharply higher in the morning session on Monday, in line with strong cues from the US and potential value buying at lower levels. This is the third consecutive session rally in a row. At 9.32 a.m, Sensex was at 53,416.84 points, […]

By Srinivas Bandhakavi Hyderabad: Tata Motors Group (Tata Motors) is a leading global automobile manufacturing company with about 70% of its turnover coming from outside India. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defence vehicles. Mahindra, originally called Muhammad and Mahindra, was established in 1945 by the […]

Hyderabad: The much awaited day is finally here. Chief Minister K Chandrashekhar Rao will be inaugurating T Hub’s new facility on Tuesday. “The best way to predict the future is to create it” – Lincoln Delighted to announce that Hon’ble CM KCR Garu will be inaugurating the new facility of @THubHyd on 28th June giving […]

San Francisco: Car maker Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning, Teslarati reported. The company said […]

Seoul: South Korean tech giant Samsung has reportedly reached an agreement with luxury carmaker BMW to supply the automaker with a few million OLED displays for vehicles. Samsung’s display division will supply OLED panels for BMW models that will enter mass production from 2024 onward, reports Sam Mobile. As per recent reports, the company will […]

Hyderabad: Generating nearly Rs.40 crore turnover in just 50 days could be a challenging task even for established businesses but not for Sirivennela, a Farmer Producer Company (FPC) from Khammam district. A group of women members from different mandals in Khammam district has left many awestruck when they earned a profit of Rs.98 lakh as […]

Hyderabad: Telangana continues to be the preferred destination for many corporate companies to set up their units, stitch partnerships with the State Government and derive mutual benefits. On Saturday, Flipkart signed an MoU with Society for Elimination of Rural Poverty (SERP), Telangana to facilitate market access for Farmer Producer Organisations (FPOs) and Self-Help Groups (SHGs) […]