Business

Mumbai: HDFC Ltd has announced the completion of the USD 1.1 billion Syndicated Social Loan Facility for the financing of affordable housing in India. The loan has been priced 90 basis points over Secured Overnight Financing Rate (SOFR). “Affordable housing is a critical component of quality infrastructure as also a growth driver for the real […]

Mumbai: Equity benchmarks began the trade on a positive note on Friday in tandem with largely firm Asian markets and ahead of the RBI’s policy meeting outcome. The 30-share BSE benchmark climbed 227.89 points to 58,526.69 in early trade. The broader NSE Nifty advanced 64.35 points to 17,446.35. Among the Sensex constituents, UltraTech Cement, Bharti […]

Mumbai: The rupee appreciated 46 paise to 78.94 against the US dollar in early trade on Friday ahead of the Reserve Bank of India’s policy meeting outcome. At the interbank foreign exchange, the rupee opened at 79.15 against the American dollar, then touched 78.94, registering a gain of 46 paise over the last close. On […]

Mumbai: The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation. With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent. This is the third […]

Hyderabad: The hiring activity across sectors in India has increased 21% in July compared to the same period last year, according to job site Naukri.com. The Naukri JobSpeak index for July touched 3170, the highest so far. Previously, the index touched 3074 in February this year. The Naukri JobSpeak is a monthly Index that records […]

Hyderabad: Industrial and logistics segment in the city has absorbed 1.5 million sq ft warehouse space during January to June this year. The demand has been nearly 50 per cent more than the supply pegged at 0.9 million sq ft. Most of the space has been taken in the northern corridor due to the expansion […]

New Delhi: Telecom operator Bharti Airtel will start rolling out 5G services later this month as it signed requisite agreements with Ericsson, Nokia and Samsung. At the recently held much-awaited spectrum auction for 5G services by the Department of Telecom, Airtel bid for and acquired 19867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, […]

New Delhi: As the race to launch 5G services for millions of smartphone and internet users take steam, Reliance Jio may launch its 5G services on August 15. Earlier this week, Akash Ambani, Chairman, Reliance Jio Infocomm, said that they will celebrate ‘Azadi ka Amrit Mahotsav’ with a pan-India 5G rollout. “Jio is committed to offering […]

Mumbai: Equity benchmarks started the trade on a firm note on Thursday, with the Sensex climbing over 362 points, mirroring positive trend in global markets and foreign fund inflows. Buying in IT counters also added to the momentum. The 30-share BSE benchmark gained 362.13 points to 58,712.66. The broader NSE Nifty went up by 102.55 […]

Mumbai: The rupee depreciated 36 paise to 79.51 against the US dollar in opening trade on Thursday, as disappointing macroeconomic data and US-China tensions weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 79.21 against the US dollar, then fell to 79.51, registering a decline of 36 paise over the last […]

New Delhi: The three-day Reserve Bank of India’s monetary policy committee meeting commenced on Wednesday and it is highly likely the six-member panel will go for another interest rate hike to curb rising domestic inflation. In line with the global trend of monetary policy tightening to cool off inflation, the RBI has so far hiked […]

New Delhi: Alongside the next generation of OnePlus operating system (OS) — OxygenOS 13, the global smartphone brand has made its newest flagship smartphone — OnePlus 10T 5G — official globally as well as for Indian consumers. The OnePlus 10T 5G with 8GB+128GB storage variant is priced at Rs 49,999, the 12GB+256GB model comes at Rs […]

Hyderabad: Startup innovation enabler T-Hub co-invested finance operations automation platform Bluecopa through its T-Fund along with Blume Ventures and other investors. Bluecopa, which gives real-time view of key performance indicators, manages business planning, scenario modelling, and variance analysis, raised $2.3 million (about Rs 18 crore) in this seed funding round. T-Fund is a co-investment fund, […]

Hyderabad: One in three jobs created in the IT sector across India is in Telangana. At the country level, about 4,50,000 jobs have been added in the technology industry during the financial year 2021-22.  Of them, about 1,53,000 jobs are created in Hyderabad alone, reflecting why it is the top choice for IT companies. Bengaluru, […]

Mumbai: Equity benchmark Sensex declined nearly 70 points in opening trade on Wednesday, tracking losses in index majors Maruti, M&M and Kotak Mahindra Bank amid a positive trend in Asian markets. The 30-share BSE benchmark fell 69.26 points to 58,067.10 in early trade. The broader NSE Nifty slipped 37.45 points to 17,308. Among the Sensex […]

Mumbai: The rupee depreciated 27 paise to 78.80 against the US dollar in opening trade on Wednesday, tracking a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 78.70 against the US dollar, then fell to 78.80 against the greenback, registering a decline of 27 paise over the last close. […]

New Delhi: Low cost carrier SpiceJet is said to be in active discussion with a Middle Eastern carrier for a possible stake sale. SpiceJet promoter Ajay Singh holds a stake of around 60 per cent in the budget carrier. Sources said a big Middle Eastern airline has expressed interest to pick a 24 per cent stake […]

Hyderabad: CriticalRiver, a global digital and technology consulting services company, on Tuesday announced the opening of its Centre for Digital Innovation in Hyderabad. This is the third facility in the country. The new Centre will spearhead the adoption of digital technologies for CriticalRiver customers across sectors. The company now has about 420 people working for […]

Hyderabad: Aerospace player Airbus has signed a contract with the aviation infrastructure developer GMR Group to provide aircraft maintenance training to young aviation engineers. GMR will provide the fully integrated Aircraft Maintenance Engineer (AME) licensing programme at the GMR School of Aviation in Hyderabad. The four-year course will include two years of classroom training and […]

Hyderabad: While digital payments rule the roost, issuing cheques, particularly for high-value transactions, is still an important aspect of the banking system. There have been some cases of amounts getting tampered and signatures being forged. But now, an extra level of security has been added — the positive pay confirmation. Under positive pay confirmation, the […]

New Delhi: GST collection in July stood at Rs 1,48,995 crore, second highest since introduction of GST. The collection for July is 28 per cent higher than the GST revenues recorded in the same month last year of Rs 1,16,393 crore. “Of the total GST collection, Central GST is Rs 25,751 crore, State GST is […]

Ranchi: Tata Group is planning to spend Rs 3,000 crore on R&D by FY26 and set to roll out the ‘First in India’ seating system for Vande Bharat Express trains from September 2022, a top official has said. The steel-to-salt conglomerate is also targeting to be among the top 5 technology firms in the steel […]

New Delhi: Ride-hailing major Uber is going to show drivers how much they will earn and where they are going before accepting a trip. Uber CEO Dara Khosrowshahi said that with ‘Upfront Fares’, the company has completely reimagined the way drivers accept rides. “Our new trip request screen makes it easier for drivers to decide […]

Hyderabad: Farm input products company Indofil Industries on Thursday launched three products- Skystar for BPH on paddy, Sapper (an early sucking complex on Cotton) and Alecto (Lepidopteran and Thrips on chili and other vegetables) in Hyderabad. The six-decade company has been serving the farming community with its products and services. Indofil has a presence in […]