Business

India is home to more than 500 million smartphone users and over 100 million users with 5G-ready smartphones wish to upgrade to a 5G subscription in 2023, according to a latest Ericsson report.

The 30-share BSE benchmark declined 288.8 points to 57,138.12 in early trade. The broader NSE Nifty dipped 79.4 points to 17,014.95.

Besides, surging crude prices in the international market impacted the domestic unit, traders said.

During the last four decades (1980-2020), the average profit of industries grew nearly 50 times, number of factories too doubled during the last decade compared with the rest of the decades. And yet, manufacturing reaching its potential fifth position in the world as predicted by BCG in 2013 remains distant

The downward spiral of the Indian rupee could hit the industry hard, especially production segments where imports are a crucial component.

Hyderabad: Prime Minister Narendra Modi on Saturday announced the commercial rollout of 5G services in India at the India Mobile Congress 2022. Hyderabad, Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Jamnagar, Kolkata, Lucknow, Mumbai and Pune will be among the first cities to get 5G services. A telecom company official said it would take about […]

Airtel will roll out 5G services in several cities across the country by March 2023 and across India by March 2024.

Telangana State Innovation Cell (TSIC) and Centre for Innovations in Public Systems (CIPS) signed a Memorandum of Understanding (MoU) to nurture the culture of innovation.

Mumbai: Telecom operator Vi (Vodafone Idea) on Friday announced its partnership with gaming platform CareGame to offer 5G Cloud gaming experience to its users in India. The company said that with 5G’s low latency technology, the cloud gaming industry is expected to democratise even further. “The online gaming industry is among the fastest growing entertainment […]

The CAD will "modestly widen" in the first half of the fiscal year and narrow in the second half, Patra told reporters in the customary post-policy press conference.

The 30-share BSE benchmark fell 262.73 points to 56,147.23 points in initial trades. Similarly, the broader NSE Nifty dipped 70.4 points to 16,747.70 points.

Forex traders said the rupee gained as the dollar retreated from its elevated levels. However, the local unit is likely to remain volatile amid the announcement of the Reserve Bank of India (RBI) monetary policy decision.

With the latest hike, the repo rate or the short term lending rate at which banks borrow from the central bank is now close to 6 per cent.

France-based Software company, Capgemini, has employed 30,000 persons in Hyderabad and surpassed the Mumbai that has 29,000.

The upcoming Smart Factory of Schneider Electric will greatly contribute to the State’s economy, which is bolstering its position as a leading investment hotbed.

At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.58, registering a gain of 35 paise over its previous close.

The 30-share BSE benchmark jumped 567.86 points to 57,166.14 after a firm beginning. Similarly, the broader NSE Nifty climbed 167.45 points to 17,026.05.

The rupee had slipped below the 82-level for the first time on Wednesday and that the falling rupee is spooking the financial plans of those wanting to pursue higher education abroad.

Hyderabad: Silicon Labs, a wireless technology player, announced its new office at Salarpuria Sattva Knowledge City in Hyderabad. This will be Silicon Labs’ largest global centre for engineering and wireless connectivity innovation. It now has 500 engineers across hardware, software, and applications segments and has plans to increase the headcount to 1,500 by 2025. “Hyderabad […]

TSREDCO has been signed a mutual understanding agreement with implementation agencies for establishment of 138 electric vehicle charging stations in the State including 118 in Hyderabad, 10 each in Warangal and Karimnagar.

In India, tech/IT is the top industry hit by ransomware (23.40 per cent of all attacks), followed by the manufacturing industry (10.90 per cent), according to cyber-security firm NordLocker.

The 30-share BSE Sensex fell 608.8 points to 56,498.72 in initial trade. Similarly, the broader NSE Nifty declined 182 points to 16,825.40.

Moreover, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said.

The free fall of the rupee is continuing, racing towards an all-time record low of Rs.82 against the dollar and that the falling rupee would make pharma imports costlier as importers have to shell out more rupees per dollar.