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Home  Business

Business

Ola laying off 500 employees from its software verticals: Report

Ola laying off 500 employees from its software verticals: Report

  • Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%

    Net direct tax collections stood at Rs 7.01 lakh crore for the current fiscal till September 17, showing a 23 per cent rise over the corresponding period of last year.
  • Telangana’s MSME Green Industrial Park model being studied for replication

    A delegation of Haryana State Industrial Development Corporation (HSIDC) has visited the Telangana Industrialists Federation MSME Green Industrial Park as part of their study tour.
  • RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley

    Risks to the inflation outlook are skewed to the upside due to uncertainty around food inflation trajectory (sowing for rice, pulses is lower YoY), changes in global commodity prices and possibility of imported inflation if exchange rate weakens amid dollar strength, the report added.
  • ECIL adds new client to its portfolio by winning Rs 97 cr contract from Jindal Stainless

    Formed in May 2017 to pursue EPC business interests in India and the subcontinent, as a relatively new company, ECIL's rise was initially slow, yet steady.
  • Sensex falls over 500 points in early trade amid weak global markets

    Foreign fund outflows and fears of recession in the global economy have dented investor sentiments.
  • Rupee falls 11 paise to 79.82 against US dollar in early trade

    At the interbank foreign exchange market, the rupee opened at 79.80 against the greenback, then fell to 79.82, registering a decline of 11 paise over its last close.
  • Apple iPhone 14 series, Watch Series 8 now available in India

    Those interested can now buy iPhone 14, iPhone 14 Pro, Apple Watch Series 8 and Apple Watch SE from Apple Authorised resellers and Apple Store Online in the country.
  • Galaxy S23 likely to feature slightly thicker bezels than its predecessor

    Recently, the tipster also revealed that the Galaxy S23 will have the same 6.1-inch display, but it will be slightly longer and wider than the existing model and the extra 0.15mm bezels explain how.
  • Centre revises threshold for paid up capital of small companies

    Earlier, definition of small companies under the Companies Act, 2013 was revised by increasing their thresholds for paid up capital from "not exceeding Rs 50 lakh" to "not exceeding Rs 2 crore" and turnover from "not exceeding Rs 2 crore" to "not exceeding Rs 20 crore".
  • IBM, Airtel join hands to power Indian enterprises in 5G era

    To begin with, Airtel edge computing platform backed by IBM Cloud Satellite will power Maruti Suzuki's initiatives to streamline plant productivity and quality operations.
  • Equities fall in early trade; Sensex slides 530 points

    After four continuous sessions of gains, the 30-share Sensex plunged 530.36 points or 0.88 per cent to 60,040.72 points while the Nifty declined 150.75 points or 0.83 per cent to 17,919.30 points.
  • Rupee falls 43 paise to 79.60 against US dollar in early trade

    On Tuesday, the rupee appreciated by 36 paise to close at an over one-month high of 79.17 against the dollar.
  • M1xchange aims to tap MSMEs in Telangana for its TReDS platform

    TReDS is a mechanism to facilitate the discounting of invoices for MSMEs from corporate buyers through multiple financiers.
  • Vedanta-Foxconn to invest Rs 1.54 lakh crore in India’s first chip factory

    Ahmedabad/New Delhi: Mining conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn will make one of the largest ever investments of Rs 1.54 lakh crore in setting up India’s first semiconductor plant in Gujarat. The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and […]
  • ‘Shopping mall spending returning to pre-Covid levels in India’

    Hyderabad: Hyderabad saw 7.2 million sqft of gross leasable area (GLA) in malls during January to June this year. This is about 7.7% of the country’s (top eight Indian cities) total mall stock of 92.9 million sqft. About 3.9 million sqft (52%) of Hyderabad’s mall space is classified as Grade A, the highest share of […]
  • Pharma exports in 2021-22 remained flat at $ 24 billion

    Hyderabad: The pharmaceutical exports from India from April 2021 to March 2022 stood at $ 24.6 billion (about Rs 1.94 lakh crore. These exports were just 0.71% more than $ 24.4 billion recorded during 2020-21. In 2020-21, the growth was 18% over $ 20.7 billion achieved during 2019-20, said Ravi Uday Bhaskar, Director General of […]
  • Mensa Brands acquires MyFitness, to make it Rs 1,000 cr brand

    The acquisition will help Mensa Brands launch new categories, scale D2C, invest in brand-building and expand to global markets.
  • Sensex revisits 60k-mark in early trade

    Trading momentum was positive ahead of retail inflation and industrial output data, which will be announced after market hours.
  • Rupee falls 10 paise to 79.67 against US dollar in early trade

    At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar.
  • India only major country to grow in smart personal audio market

    The worldwide smart personal audio shipments fell by 1.7 per cent year on year to 98.1 million units, according to market research firm Canalys.
  • Security threat looms large as 5G set to roll out

    Will 5G promises to give a boost Internet of Things (IoT), Smart Cities and Industry 4.0 for efficient, safer and productive work, better traffic management and infrastructure monitoring and automation in factories, improve the speed of working.
  • Hyderabad: iSprout launches new centre in 85,000 sqft at My Home Twitza

    In Twitza, iSprout provides 1,400 seats on a space of about 85,000 sqft.
  • Hyderabad-based Zenara Pharma launches Covid tablets combi-pack

    Hyderabad: Hyderabad-based formulation manufacturing company Zenara Pharma, a subsidiary of Biophore India Pharmaceuticals, has announced that it has launched Nirmatrelvir and Ritonavir tablets in a combi-pack as a treatment option for patients with mild to moderate symptoms of Covid-19. It had received approval from the Central Drugs Standard Control Organization (CDSCO) to manufacture and market […]
  • AGI Greenpac to streamline ESG goals

    PwC will help AGI Greenpac innovate, develop and implement new management systems that comply with environmental and safety aspects.
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