Business

Mumbai: The rupee appreciated 9 paise to 79.81 against the US dollar in early trade on Monday, supported by the fall in crude oil prices. At the interbank foreign exchange, the rupee opened at 79.86 against the American dollar. In initial trade, the local currency witnessed a high of 79.81 and a low of 79.87 […]

Hyderabad: Innovation ecosystem enabler T-Hub launched its ninth cohort of Lab32 seed accelerator programme. It will focus on startups working in deep technology, artificial intelligence, machine learning, augmented reality(AR) and virtual reality, blockchain, metaverse, Web 3.0, fintech, agritech and healthTech. The curriculum will be based on guidance by consultants, mentors, and entrepreneurs to promote collaboration […]

Hyderabad: Olectra Greentech has bagged an order worth Rs 500 crore to supply 300 electric buses. The MEIL Group company, Evey Trans Private Limited (EVEY), has received the Letter of Award (LoA) from TSRTC. The order is under the FAME-II scheme of the Government of India. These buses will be supplied on a Gross Cost […]

New Delhi: Strong likelihood of a sharp rise in interest rates by the US Fed and other central banks to rein in the red-hot inflation has melted international gold prices to a nearly one-year low. In India too, the prices of the yellow metal in physical markets fell to a multi-month low and breached the […]

New Delhi: Akasa Air, the airline promoted by billionaire investor Rakesh Jhunjhunwala, is set to launch its commercial operation with its first flight on August 7 on the Mumbai-Ahmedabad route. The airline said that it will deploy a Boeing 737 Max plane on the route for commercial operation. Flight operations will be conducted on two […]

New Delhi: Online hospitality major Airbnb Co-founder Joe Gebbia has announced to step down after 14 “wild years” and is set to open a new chapter. Gebbia, who formed Airbnb more than a decade ago, wrote a letter to employees, saying he will remain on the board of directors but transition to an advisory role, supporting […]

New Delhi [India], July 22 (ANI): After recent sharp volatility in financial markets, bullishness seemed to have returned to Dalal Street as Indian stock indices rose for the sixth consecutive session on Friday. The latest decline in crude oil prices coupled with signs of domestic inflation plateauing has somewhat lent support to the domestic indices […]

Hyderabad: As many of us are aware, there are a number of people who own more than two homes. Salaried persons have few alternatives for tax savings, therefore, the ability to combine HRA and house loan repayment tax deductions results in large tax savings. Salaried and self-employed people can save money while completing their ITRs […]

Mumbai: The rupee depreciated 7 paise to 79.92 against the US dollar in opening trade on Friday tracking the strength of the dollar in the overseas market and firm crude oil prices. At the interbank foreign exchange, the rupee opened at 79.90 against the US dollar, then fell to 79.92 against the greenback, registering a […]

Hyderabad: Even as IT companies are seeing a gradual increase in employees returning to the office, work from home (WFH), the norm during the Covid pandemic, will continue for one more year. The new guidelines issued by the Department of Commerce are likely to introduce more flexibility in the workplace. A new rule (Rule 43A) […]

Chennai: The fall in rupee against the US dollar will be pinching the Indian parents and their wards studying and aspiring to study in that country, said experts and parents. They also said students can look at other countries to pursue their education as the currencies that rupee is appreciating. The rupee has been depreciating against […]

Hyderabad: India’s multi-lingual social media platform – Koo – has signed a Memorandum of Understanding (MoU) with the Telangana Government to open a Development Center in Hyderabad. With Hyderabad being an IT hub, boasting access to a robust technology ecosystem and a large pool of IT talent, Koo envisions its presence in the region to […]

New Delhi: The government on Wednesday scrapped a week-old tax on the export of petrol and cut windfall taxes on overseas shipment of diesel and ATF as well as the one imposed on domestically produced crude oil after global oil prices fell. While the Rs 6 a litre export duty on petrol was scrapped, the […]

New Delhi: Global smartphone brand OPPO on Wednesday launched its latest Reno Series — Reno8 Pro 5G at Rs 45,999 and Reno8 5G at Rs 29,999 — in India that offer end-to-end imaging solution and a streamlined unibody design. The OPPO Reno8 Pro 5G is backed by the company’s proprietary imaging NPU, the ‘MariSilicon X’. The […]

Mumbai: Equity benchmarks Sensex and Nifty recorded sharp gains in early trade on Wednesday amid positive global market trends and foreign funds inflow. Buying in index majors Reliance Industries and Infosys also bolstered sentiment. The 30-share BSE Sensex rallied 755.9 points to 55,523.52 in early trade. On similar lines, the broader NSE Nifty climbed 224.9 […]

Mumbai: The rupee depreciated 4 paise to 79.96 against the US dollar in opening trade on Wednesday amid demand for dollar from oil importers and firm crude oil prices. Forex traders said significant dollar demand from oil importers, firm crude oil prices as well as concerns about swelling trade deficit weighed on investor sentiments. At […]

San Francisco: Popular video streaming platform Netflix has announced that it lost nearly one million paid subscribers in the second quarter of this year. In the second-quarter earnings report, the company revealed that it lost 9,70,000 subscribers, which is more than the 2,00,000-member decline from the first quarter. “The second quarter was better-than-expected on membership growth, […]

Hyderabad: UK-based data analyst and ERP consultancy company Kagool will recruit about 1,000 employees in Hyderabad in two to three years, said Dan Barlow, CEO of Kagool Group. The company now has 260 employees in Hyderabad. The company on Tuesday inaugurated a 17,000 sqft office space at Kapil Towers in Nanakramguda. This will accommodate 200 […]

New Delhi: IndiGo Airlines has put Kerala ruling front Left Democratic Front’s (LDF) convenor EP Jayarajan and two Youth Congress workers on ‘no fly list’ over their unruly act inside the aircraft when Kerala Chief Minister Pinarayi Vijayan was on board. The action was taken following Directorate General of Civil Aviation (DGCA) guidelines on unruly […]

Hyderabad: Indian rupee on Tuesday sunk to its lowest 80 to a US dollar as the Indian currency continued to be in the free fall. Later in the day, it recovered to close at 79.92 (provisional) against the US dollar. At the interbank forex market, the local unit opened lower at 80.00 against the US […]

Hyderabad: City-based technology solutions company Cyient announced partnership with Honeywell to manufacture aviation industry’s first cloud-connected cockpit system, The Honeywell Anthem. Cyient has inked a multi-year deal with Honeywell for this project. The Honeywell Anthem flight deck will have unparalleled levels of connectivity and a highly scalable and customisable design. It will be driven by […]

New Delhi: The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today. Following is a list of items that will get costlier: 1. GST on paper knives, spoons, forks, ladles, skimmers, cake-servers increased from 12 per cent to 18 per cent. […]

San Francisco: Online interior design services startup Modsy has quietly shut operations and several customers have been left with unfinished renovations and project orders in process. San Francisco-based Modsy has abruptly ceased offering design services, laid off its designers and left its customers in disarray, reports TechCrunch. The startup returned some service order charges and promised […]

New Delhi: Indian stock indices extended their gains from the previous week and traded in the green in early trade on Monday, primarily due to some fresh buying at lower levels. Stocks in the US climbing sharply on Friday also lent support to the Indian stocks this morning. Notably, the domestic indices had declined during […]