Business

Mumbai: Indian stock market’s benchmark Sensex opened 205 points down on Wednesday as the Reserve Bank of India (RBI) increased the policy repo rate by 50 basis points to 4.9 per cent. The 30 stock S&P BSE Sensex fell 205.27 points or 0.37 per cent to close at 54,902.07 points at 10:30 am. The broader […]

Mumbai: The Reserve Bank of India on Wednesday retained its growth projection at 7.2 per cent for the current fiscal on the back of improvement in urban demand and gradual recovery in rural India. Unveiling the third monetary policy for the current fiscal, RBI Governor Shaktikanta Das said the Indian economy remained resilient, and the […]

Mumbai: Reserve Bank of India (RBI) on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months. The rate hike comes on the back of a 40 bps increase effected by RBI […]

New Delhi: Investors’ wealth on Tuesday tumbled over Rs 2 lakh crore amid heavy selling pressure in domestic equities. The 30-share BSE Sensex tanked 567.98 points or 1.02 per cent to settle at 55,107.34. In tandem with weak equities, the market capitalisation of BSE-listed firms tumbled by Rs 2,08,291.75 crore to Rs 2,54,33,013.63 crore. “Investors […]

New Delhi: Those investors who had put their money in the initial public offerings of Life Insurance Corporation of India had experienced a heavy depreciation in their portfolio, as the shares of the insurance major have been tumbling ever since its exchange listing. The government had offloaded 3.5 per cent of its stake through the […]

New Delhi: Gold prices on Tuesday fell by Rs 56 to Rs 50,814 per 10 grams in futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for August delivery traded lower by Rs 56 or 0.11 per cent at Rs 50,814 per 10 grams in a business […]

Mumbai: The Indian stock market’s benchmark Sensex opened 497 points down on Tuesday dragged by selling pressure in consumer durables and realty stocks. The 30 stock S&P BSE Sensex fell 497.23 points or 0.89 per cent to close at 55,178.09 points The broader Nifty 50 of the National Stock Exchange fell 145.60 points or 0.88 […]

Hyderabad: Telangana landed four fresh investments across pet food, chocolates, bakery products and mobility segments. Of them, three have announced cumulative investments to the tune of about Rs 400 crore. One company chose not to disclose the investment size. The investment announcements were made at the launch event of Industries Department’s annual report by Industries […]

New Delhi: The central bank Reserve Bank of India (RBI) cleared the air by saying that it has no proposal to bring about changes to the existing currency and bank notes by replacing the face of Mahatma Gandhi with that of others. “There are reports in certain sections of the media that the Reserve Bank […]

Hyderabad: Kitex Garments, which recently laid the foundation stone for its facility at Kakatiya Textile Park, is now looking to up its investments in the State further and also look for a third location for its unit in addition to the Warangal and Sitarampur in Rangareddy. Kochi-based infantwear maker Kitex, which is the second largest […]

New Delhi: Former Indian skipper Mahendra Singh Dhoni has become the shareholder of the Indian drone company Garuda Aerospace. MS Dhoni has decided to invest in a company that makes Drones and supports the Agriculture ecosystem in the country. Leaving cricket aside, Dhoni has stepped into his next career. After retirement, Dhoni has been involved […]

Mumbai: Share price of Life Insurance Corporation of India (LIC) slumped to a record low of Rs 782.45 on Monday, which is 17.55 per cent down from its IPO issue price of Rs 949. At 1.27 pm on the BSE, Life Insurance Corporation of India’s share was trading 2.01 per cent down at Rs 784.15. […]

Hyderabad: Hyderabad-based global technology solutions company Cyient on Monday announced signing of definitive agreements to acquire Celfinet. An international wireless engineering services company, Celfinet is focused on providing end-to-end network planning and performance optimisation services. Cyient will acquire the Portugal-based company for Euro 41 million, according to a release. With this acquisition, Cyient plans to […]

Mumbai: Benchmark indices continued to fall on Monday, with the Sensex declining 227 points in early trade as investors remained cautious amid unabated selling by foreign funds and elevated crude oil prices. The 30-share BSE Sensex was trading 226.7 points lower at 55,542.53 points. The broader NSE Nifty fell by 67.05 points to 16,517.25 points. […]

Mumbai: The rupee appreciated 4 paise to 77.62 against the US dollar in opening trade on Monday, supported by a weak American currency in the overseas markets. However, muted domestic equities, elevated crude oil prices and persistent foreign fund outflows restricted the rupee’s rise, forex traders said. At the interbank foreign exchange, the rupee opened […]

Mumbai: With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, a hint for which has already been given by Governor Shaktikanta Das, opined experts. There are speculations that the central bank may go for at […]

New Delhi: Tata Motors is gearing up to strengthen its R&D with fresh hiring as well as upskilling of the current employees this fiscal year in order to scale up capabilities across various business verticals, including the electric vehicle segment, as per a top company official. In the EV space, the company is looking to […]

Hyderabad: Sanitation workers, rag pickers and scavengers are the most ignored segment of society. While many startups have come up in the space of waste management and waste recycling, not much has been at the ground level – that is to improve the lives of the lowest segment of the sector. Intending to recognise and […]

Hyderabad: Punjab National Bank organised a MSME customer meet at FTCCI, Hyderabad to create awareness and to offer credit support to MSME entrepreneurs. “We have been supporting the MSME sector with our borrower-friendly schemes. We cater to the financial needs of businesses from manufacturing and service sectors by launching new schemes,” said Mohd Maqsud Ali, […]

New Delhi: India’s services sector activities improved further and expanded at strongest rate in over 11 years in May, supported by a substantial pick-up in new business growth, even as input cost inflation climbed to a record high, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index […]

Mumbai: Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm global trends. The 30-share BSE Sensex was trading 565.66 points higher at 56,383.77. The broader NSE Nifty jumped 159.85 points to 16,787.85. […]

Mumbai: The rupee appreciated 13 paise to 77.47 against the US dollar in opening trade on Friday, supported by a fall in the dollar index and positive domestic equities. At the interbank foreign exchange, the rupee opened at 77.47 against the American dollar, registering a rise of 13 paise from the last close. On Thursday, […]

Hyderabad: Even though the State of Telangana joined the startup party late it was still able to metamorphose the ecosystem in the last eight years and the startups in the State account for around 15-20 per cent of India’s overall startup population. According to the startup portal of Telangana, there are over 6,660-plus startups registered […]

Hyderabad: The Covid-19 pandemic changed our lives – for better or worse. And the startups especially tech-led startups were also not left behind. A study conducted by IIIT-H’s deep tech incubator CIE reveals the impact of technology on its startups during the pandemic and says that startups had to constantly reinvent themselves in order to […]