Business

Mumbai: The Indian stock market’s key indices, Sensex and Nifty, witnessed volatile trading with negative bias on Tuesday dragged by heavy selling pressure in IT and banking stocks. The 30 stock S&P BSE Sensex was trading at 58,736.90 points at 11.57 am, which is 36.97 points or 0.06 per cent down from its previous day’s […]

San Francisco: The US-based car maker Ford Motor has reportedly confirmed that it is laying off roughly 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada and India. According to The Wall Street Journal, Ford sent an internal email to employees, saying it would begin notifying affected salaried and […]

Hyderabad: Winsupply Inc, has started its new Global Development Centre (GDC) in Hyderabad. Winsupply, headquartered at Dayton, USA, is a leading company in wholesale distribution for residential and commercial construction. Winsupply owns a majority equity stake in more than 650 companies across the United States. Christopher Schrameck, Senior Vice President of Information Technology, Winsupply met […]

New Delhi: Online food delivery platform Zomato has stopped signing up new users or renewing old subscriptions for its loyalty dining membership programme called ‘Pro’, as the Deepinder Goyal-run company is working with customers and restaurant partners to craft a new programme. The move comes as fine-dine restaurants are now open across the country after […]

Mumbai: Equity benchmarks fell in early trade on Monday with the Sensex declining nearly 420 points amid mixed global market trends. The 30-share BSE benchmark, which had started the trade on a weak note, further fell 419.69 points to 59,226.46. The broader NSE Nifty declined 140.6 points to 17,617.85. From the Sensex pack, Kotak Mahindra […]

Mumbai: The rupee appreciated 4 paise to 79.80 against the US dollar in opening trade on Monday, supported by receding crude prices in global markets and weakness in the American currency overseas. However, losses in the domestic stock markets weighed on the local unit and restricted the gain, forex traders said. At the interbank foreign […]

Bengaluru: Surge, which is Sequoia India and Southeast Asia’s rapid scale-up programme, on Monday launched its seventh cohort, featuring 37 founders across 15 early-stage startups. One-third of the startups include at least one female founder and several startups have second and third time founders. Surge startups have collectively raised over $1.7 billion in follow-on funding to […]

Hyderabad: Pet parents go the extra mile to keep their pets healthy. In this direction, many are now opting to buy insurance cover for their pets. The cover starts around Rs 300 per year for a small pet for a single type of cover such as terminal diseases. Players like Bajaj Allianz General Insurance, The […]

New Delhi: Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June due to high inflation and an increasing rate cycle. “In the next (September) quarter, it is safe to assume that monetary conditions will be tighter in terms […]

Hyderabad: Term insurance is the cheapest and effective investment channel that provides financial protection to a family. However, there are still many who think there is no real need or a benefit for them personally. In a step that will encourage such fence sitters to consider a term policy, insurance companies are now offering zero-cost […]

New York: E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company’s global workforce, as the growth he anticipated has not materialised this year. In a memo, Shah said that the US-based company was “seeing the tailwinds of the pandemic accelerate the adoption of ecommerce shopping, and I personally […]

Hyderabad: E-commerce marketplace Flipkart signed a memorandum of understanding (MoU) with the Indian Institute of Millets Research (IIMR) to enable market access for Farmer Producer Organizations (FPOs) and Self-Help Groups (SHGs). Through this partnership, Flipkart will provide pan-India market access. It will engage with these communities through virtual and on-ground training and capacity-building initiatives to […]

Hyderabad: The consumer court has penalised Ola Cabs for charging a customer an exorbitant amount and not providing air conditioning. Following a petition filed by Jabez Samuel stating that he and his wife were left stranded for four hours after the cab driver asked them to get down after covering 5 kilometers in October last […]

New Delhi: India’s gold imports, which have a bearing on the country’s Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago. In July 2022, however, imports […]

Mumbai: Equity benchmarks started the trade on a positive note on Friday, with the Sensex climbing over 113 points in early trade, amid mixed trends from global equities. The 30-share BSE index advanced 113.2 points to 60,411.20 in early deals. The broader NSE Nifty climbed 35.7 points to 17,992.20. Later, both the benchmark indices turned […]

Mumbai: The rupee depreciated 12 paise to 79.76 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to 79.76, registering a decline of 12 paise over the last […]

Hyderabad: Artificial intelligence solutions provider Kore.ai announced plans to widen the availability of its solution- Kore.ai Experience Optimization XO platform- to companies of all sizes. Small and medium businesses, startups, entrepreneurs and developer community will benefit from the platform’s do-it-yourself (DIY) functionalities for driving AI adoption without a big initial investment. “Kore.ai’s platform technology, which […]

Hyderabad: WE HUB launched its second cohort of the ‘GIRLS IN STE(A)M (Science, technology, engineering, arts and mathematics)’ programme. The eight-week module enables girls aged 13-17 to explore entrepreneurship. They get hands-on learning in robotics, 3D designs and printing, Ham radio, automation, aeromodelling, and data science. About 600 students from 20 schools are part of […]

Hyderabad: Consumer electronics brand Samsung on Thursday launched its Galaxy Z Flip4 and Galaxy Z Fold4 premium smartphones in Hyderabad. They are now open for booking online and across retail stores. Galaxy Z Flip4 is priced at Rs 89,999 for 8GB 128GB variant and Rs 94,999 for 8GB 256GB variants. Its bespoke edition that offers […]

Hyderabad: Hyderabad-based game development company 7Seas Entertainment announced the launch of Gamer Shorts, a mobile app for gamers to offer short games, gaming news, analyst perspectives, views on new investments, and innovations. It already has 25 short and easy mobile games in racing, puzzles, and arcade sports genres. “These games typically do not need a […]

Hyderabad: Many do not mind going out without carrying any cash on person. They believe they can just scan and pay through the UPI for all purchases they make. UPI is a convenience and is free. But that might change soon and there might be a fee to pay on UPI transactions. The RBI on […]

New Delhi: The Central government is looking at the possibility of adopting a universal charger model for all electronic devices like mobile phones, laptops, electric watches, and will set up a panel seeking views on the proposal, informed sources said. The sources said the Centre will set up three expert groups which will submit their […]

Mumbai: The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI). As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank […]

Mumbai: Equity benchmarks halted their rally on Thursday, with the Sensex falling over 214 points in early trade, tracking weak global market trends. The 30-share BSE index declined 214.11 points to 60,046.02 in early deals. The broader NSE Nifty went lower by 61.85 points to 17,882.40. From the Sensex pack, Dr Reddy’s Laboratories, Sun Pharma, […]