Business

New Delhi: The country’s largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the […]

Mumbai: The rupee depreciated 14 paise to 77.69 against the US dollar in the opening trade on Tuesday tracking persistent foreign fund outflows and elevated global crude oil prices. However, a firm trend in domestic equities capped the losses in the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened weak […]

Hyderabad: Biological E. Limited (BE), a Hyderabad-based vaccine and pharmaceutical company, has announced reduction in the price of its COVID-19 Vaccine Corbevax from Rs. 840 to Rs.250 a dose inclusive of GST, for Private COVID-19 vaccination centres. For the end user, the price would be Rs 400 a dose, including taxes and administration charges. The […]

Hyderabad: Industries and IT Minister KT Rama Rao inaugurated the offices of real consultancy Colliers and insurance technology company Sureify Labs at My Home Twitza at Raidurg near Hitec City. Speaking on the occasion, he said Hyderabad has been growing in IT as well as in lifesciences, banking and finance, aerospace and defence, and other […]

Ahmedabad: The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of Indias leading cement companies -Ambuja Cements Ltd and ACC Ltd. Holcim, through its subsidiaries, holds 63.19 per cent in Ambuja Cements and 54.53 per cent […]

New Delhi: India’s petrol and diesel consumption jumped in May as pick up in the economic activity as well as the start of the harvesting season aided the return of demand, a preliminary industry data showed on Monday. Petrol sales grew 14 per cent during the first half of May when compared with the same […]

New Delhi: Adani Group’s unit AMG Media Networks will buy a 49 per cent stake in Raghav Bahl-run digital business news platform Quintillion Business Media for an undisclosed sum, a regulatory filing to the exchanges said. The Adani Group company Adani Enterprises forayed into the media business by acquiring an unspecified minority stake in Quintillion […]

Mumbai: The Sensex jumped nearly 274 points in early trade on Monday, tracking significant gains in US markets and buying in index majors Reliance Industries and HDFC. The 30-share BSE benchmark was trading 273.74 points higher at 53,067.36 in early deals. The broader NSE Nifty gained 91.1 points to 15,873.25. Among the Sensex firms, Tata […]

Bengaluru: A team of Indian researchers has earned a patent for modifying industrial sewing machines used by the garment industry that can now be used by people with special needs, especially those with lower-limb disabilities. It is estimated that among the differently-abled in the country, nearly 20 million are either without a lower limb or […]

New Delhi: India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) […]

New York: Elon Musk, still the world’s richest man, is poorer by nearly $39 billion since he spoke of buying out Twitter. Irony. At $231 billion of worth on the Forbes Real Time Billionaires Index at close of play on Friday, only part of Musk’s losses are because of his still single-digit ownership of Twitter. Most […]

Hyderabad: If choosing the right mattress is a difficult task, then maintaining its longevity is also important. In order to increase the shelf life of a mattress, a mattress topper is your best bet. The mattress topper can be a life-changer for many, especially for pet owners and new parents. These have become essential bedding […]

Washington: Twitter shares tumbled around 20 per cent in the pre-market trading on Friday after billionaire Elon Musk declared that the $44 billion takeover bid of the micro-blogging site is on hold. Musk tweeted that the takeover of Twitter Inc is temporarily on hold due to the calculation of fake accounts in it. “Twitter deal […]

Hyderabad: Design Cafe, a home interior solutions brand, unveiled its second experience center in Hyderabad at Banjara Hills. Spread over 2,500 sq ft, this new center offers a range of services from gold paneling options to a 2.5 BHK show flat along with separate display areas with wardrobes, living and dining spaces and three elegantly designed […]

Hyderabad: India by focusing on 3D printing medical technologies, can benefit from the immense demand. Within the country, Telangana, which has now set up the National Centre for Additive Manufacturing (NCAM), is well placed to tap the emerging opportunities in this segment, Industries and IT Minister KT Rama Rao, said on Friday. Inaugurating the ‘National […]

Bengaluru: Online food delivery platform Swiggy on Friday announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum. Dineout, which serves millions across its network of 50,000 restaurants in 20 cities, will continue to operate as an independent app post the acquisition. “Times Internet and the founding team should […]

San Francisco/New Delhi: In a stunning post, Tesla CEO Elon Musk on Friday said that he has put the $44 billion Twitter deal temporarily on hold till he gets to know how many fake or spam accounts are present on the micro-blogging platform. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do […]

New Delhi: On the Forbes Global 2000 list, Reliance climbed two spots to No. 53 among all public companies worldwide and ranked first among Indian companies. Earlier this year, Forbes estimated Mukesh Ambani’s net worth to be $90.7 billion, landing him at No.10 on this year’s Billionaires list. The State Bank of India (SBI) landed in […]

Mumbai: Ever since the Motor Vehicles Act made it mandatory for car owners to have a motor insurance policy, Insurers have provided a diverse range of motor insurance products that protect the insured from the financial jolt that follows in cases of accidental repairs. Zero-depreciation is one such add on cover that offers comprehensive coverage. […]

Mumbai: The Sensex rebounded in early trade on Friday after falling sharply the previous day and jumped over 635 points, in tandem with rally in Asian markets and buying in index major Reliance Industries. The 30-share BSE Sensex was trading 635.43 points higher at 53,565.74. The broader NSE Nifty jumped 186.4 points to 15,994.40. Among […]

Mumbai: After closing at an all-time low against the US dollar on Thursday, the rupee recovered some lost ground to trade at 77.31 against the US dollar in morning trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, […]

Detroit: Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its stock down almost 16% so far this […]

Hyderabad: Many retail investors burnt their fingers as the stock markets are in a free fall. BSE, one of the two popular stock exchanges in the country, fell 1,158 points on Thursday. Between May 1 and 12, the BSE lost more than 4,000 points. The market capitalisation on the BSE on May 12 touched Rs […]

New Delhi: India’s retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed. The retail inflation stayed well above the Reserve Bank of India’s upper tolerance limit for a fourth consecutive month due to high […]