Business

Hyderabad: Many delay their visit to the diagnostic centre for tests due to the needle phobia that they have. Coming to the rescue of such people, city-based BlueSemi has launched a device called EYVA that can give readings of vitals without a needle prick. The non-invasive consumer health technology gadget – that fuses sensors, AI […]

New Delhi: India’s inflation is expected to ease gradually in the second half of the current financial year 2022-23, “precluding the chances of a hard landing” monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das. The central bank Governor made the remarks at the ongoing Kautilya Economic Conclave, organized by the Institute […]

New Delhi: Tesla CEO Elon Musk, who has cancelled the $44 billion Twitter buyout deal, will have to pay $1 billion in termination fee to the micro-blogging platform. As per an earlier filing with the US Securities and Exchange Commission (SEC), “Musk will be required to pay Twitter a termination fee of $1 billion”, if […]

Berlin: A German court has decided a suit in favour of smartphone brand Nokia in its 4G/5G patent dispute against OPPO. According to GizmoChina, the suit resulted from the breakdown in discussions between Nokia and OPPO over 4G (LTE) and 5G patents. While instituted cases are in four countries, OPPO countersued Nokia in nine countries. OPPO […]

San Francisco: Micro-blogging platform Twitter on Saturday announced it was going to sue Tesla CEO Elon Musk for terminating the $44 billion takeover deal. In a surprising move, Musk’s legal team said in a US Securities and Exchange (SEC) filing that he is terminating the deal because Twitter was in “material breach” of their agreement and […]

San Francisco: Tech billionaire Elon Musk is officially trying to pull out of his $44 billion agreement to purchase microblogging site Twitter. In a filing on Friday afternoon with the US Securities and Exchange Commission (SEC), Musk’s team claimed he is terminating the deal because Twitter was in “material breach” of their agreement and had made […]

Hyderabad: State Bank of India (SBI) Managing Director Swaminathan Janakiraman visited Hyderabad Circle to participate in CSR initiatives. The SBI presented a 7- seater Maruti EECO van to CR Foundation, Kondapur. He emphasised the Bank’s CSR philosophy of positively impacting weaker sections. He also took part in the plantation drive. SBI planned to plant 75,000 […]

Hyderabad: Angkasa Pura Aviasi (APA), a joint venture company of GMR Airports Limited and Indonesia’s state-owned airport operator Angkasa Pura II (AP2) announced on Friday that it had assumed operational charge of the Kualanamu International Airport in Medan, Indonesia. According to a press release, the GMR Group was now the only Indian airport operator with […]

Mumbai: The rupee depreciated 12 paise to 79.25 against the US dollar in early trade on Friday tracking the strength of the American currency and persistent foreign fund outflows. At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 […]

Mumbai: Market benchmarks started the trade on a positive note on Friday, with the Sensex climbing 448.68 points, mirroring a bullish trend in global equity markets. The 30-share BSE benchmark advanced 448.68 points to 54,627.14 in early deals. The broader NSE Nifty went higher by 142.6 points to 16,275.50. From the Sensex pack, Larsen & […]

Mumbai: The benchmark indices, Nifty and Sensex, opened higher on Thursday following positive trends in global equity markets. The 30-share BSE benchmark index climbed 498.77 points to 54,249.74 in early trade. The NSE Nifty advanced 149.7 points to 16,139.50. Among the Sensex pack, Titan, PowerGrid, M&M, Asian Paints, Kotak Mahindra Bank, Wipro and ICICI Bank […]

Mumbai: The rupee depreciated 12 paise to 79.06 against the US dollar in early trade on Thursday as the hawkish stance of the US Federal Reserve increased the possibility of another rate hike this month. However, the steps announced by the Reserve Bank of India (RBI) on Wednesday limited the depreciation bias in the rupee, […]

Hyderabad: Safran Group, the French multinational company that designs, develops and manufactures aircraft engines, rocket engines as well as various aerospace and defense-related equipment or their components, has decided to set up its MRO facility in Hyderabad. It will come up with an initial investment of $ 150 million (about Rs 1,185 crore). The new […]

New Delhi: As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost and streamline operations amid the ongoing funding winter. According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams […]

New Delhi: Leaving the Ashneer Grover controversy behind, fintech platform BharatPe has closed one of the highest growth quarters in its history, facilitating over Rs 3,600 crore in loans in the first quarter (April-June period) of FY23. This is a growth of 112 per cent over the last quarter. BharatPe said it also reached an […]

New Delhi: Indian stock indices traded higher in early trade on Wednesday, primarily due to the latest sharp drop in global crude prices. Global crude prices declined to $100 per barrel on Wednesday, in comparison to $110 on Monday. The crude has been trading over the psychological benchmark of $100 per barrel ever since Russia’s […]

Mumbai: Recovering from its record low level, the rupee appreciated 9 paise to 79.24 against the US dollar in early trade on Wednesday. At the interbank foreign exchange, the rupee opened at 79.29 against the American dollar. In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the […]

Delhi: Cost of domestic liquid petroleum gas cylinders weighing 14.2 kilogram will get dearer from Wednesday as their prices have been raised by Rs 50 per unit. In the national capital Delhi, it will now cost Rs 1,053 per unit. Besides, in Kolkata, Mumbai, and Chennai, it will be priced at Rs 1,079, Rs 1,052.5, […]

Hyderabad: City-based Medley Medical Solutions, a B2B and B2C healthcare player, launched its virtual clinics under the branded ‘Ananda E-Clinics’. Under this, it allows local pharmacies to offer virtual clinics and facilitate online doctor consultations with patients. The kiosk set up can be set up in mid and large sized stores. “Ananda E-Clinic is a […]

Mumbai: The rupee fell by 41 paise to close at a fresh lifetime low of 79.36 (provisional) against the US dollar on Tuesday amid a strong greenback overseas and unrelenting foreign fund outflows. At the interbank forex market, the local unit opened at 79.04 against the greenback and witnessed an intra-day high of 79.02 and […]

New Delhi: Crude oil futures on Tuesday declined by 0.46 per cent to Rs 8,682 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for July delivery fell by Rs 40 or 0.46 per cent to Rs 8,682 per barrel with a business volume of 6,186 lots. […]

New Delhi: Food aggregator Zomato announcement of the acquisition of instant delivery service platform Blinkit has not gone down well with the investors as the former’s shares tumbled over 20 per cent since the announcement. The food aggregator company Zomato’s Board of Directors on June 24 approved a proposal to acquire the cash-strapped quick commerce […]

Mumbai: The BSE benchmark index Sensex climbed nearly 160 points in early trade on Monday, tracking gains in index majors RIL, ICICI Bank and ITC amid a mixed trend in global markets. The BSE benchmark was trading with a gain of 159.56 points at 53,067.49 in early trade. The NSE Nifty also went higher by […]

Mumbai: The rupee depreciated 9 paise to 79.03 against the US dollar in opening trade on Monday, as persistent foreign funds outflows weighed on investor sentiments. Forex traders said the weakness of crude oil prices is supporting the local unit. However, inflation and growth worries in India and globally could cap the appreciation bias, they […]