Business

Hyderabad: Even as the mega IPO of insurance behemoth LIC is set for launch on May 4, serious doubts are being raised about deliberate undervaluation to benefit foreign investors. Investors would get to buy big stakes at heavily discounted prices. On the other hand, various reports indicate that the sale at the current price band […]

Hyderabad: Insurance behemoth, Life Insurance Corporation of India’s initial public offering (IPO) will open on May 4. The government owns 100 per cent stake in LIC, whose total equity is around 632 crore shares. The issue size of the IPO is 22.13 crore shares, which is 3.5 percent of the total number of shares. Its […]

New York: If Elon Musk and Twitter get their way, the company will soon be privately held and under his control. The most obvious immediate change would likely be Twitter’s stock being taken off the New York Stock Exchange. But the company would also likely get freed from having to give regular updates about its […]

New Delhi: Indian billionaire Mukesh Ambani is reportedly planning a takeover bid for the UK high street chain Boots, a media report said. Ambani is the biggest shareholder and chairman of retail-to-energy group Reliance Industries. Reliance is reportedly working on the potential bid with US buyout firm Apollo Global Management, reports the BBC. Earlier this […]

Hyderabad: Technology giant Google on Thursday signed a memorandum of understanding (MoU) with the Telangana government to bring benefits of digital economy to youth and women entrepreneurs. As part of the partnership, Google will collaborate with the State through its various arms to extend scholarships for Google Career Certificates to Telangana’s youth, support women entrepreneurs […]

New Delhi: Digital payments company PhonePe on Thursday announced exciting offers on the purchase of gold and silver via the app on the auspicious occasion of Akshaya Tritiya. Users can buy the highest purity 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage […]

New Delhi: IT company Cyient on Thursday said it will acquire Singapore-based Grit Consulting for USD 37 million (about Rs 284 crore) in an all-cash deal. Grit Consulting has expertise in consulting for asset-intensive industries like metal mining and energy and the acquisition will enable Cyient customers across sectors to draw value from the Grit’s […]

Hyderabad: Joining the league of companies having their global capabilities centres in Hyderabad, Thermo Fisher Scientific on Thursday launched its new research and development and engineering facility in Hyderabad. Thermo Fisher Scientific, American supplier of scientific instrumentation, reagents and consumables, and software services, has an annual planned research and development investment of about $15 million […]

Mumbai: The rupee depreciated 10 paise to 76.67 against the US dollar in the opening trade on Thursday, weighed down by the strength of the greenback and significant foreign fund outflows. At the interbank foreign exchange, the rupee opened at 76.60 against the American dollar, then lost ground to quote at 76.67, registering a fall […]

Washington: In the last 48-hour of his buyout of the micro-blogging site Twitter, billionaire Elon Musk is again on a fun trail. In a flurry of tweets, Musk claimed that he has set eyes on Coca Cola to “put cocaine back in” and “McDonald’s to fix ice-cream machines”. After the multi-billion buyout of the microblogging […]

Mumbai: Equity benchmark indices opened in green on Thursday with Sensex up by 263.68 points and Nifty by 82.00 points. At 9:20 AM, the BSE Sensex was up by 263,68 points or 0.46 per cent at 57083.07. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and also […]

Hyderabad: Real estate company Embassy Group along with SAS Infra has announced the development of three Grade-A office spaces encompassing 14 million sq ft in Hyderabad’s financial district. According to a press release issued on Wednesday, the company said that its decision to re-enter Hyderabad marks its growing confidence in the city’s real estate landscape, […]

New Delhi: Flagging higher fuel prices in many opposition-ruled states, Prime Minister Narendra Modi on Wednesday urged them to reduce VAT in “national interest” to benefit the common man and work in the spirit of cooperative federalism in this time of global crisis. Modi raised the issue of many states not adhering to the Centre’s […]

New Delhi: Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said […]

Mumbai: The rupee depreciated 16 paise to 76.72 against the US dollar in opening trade on Wednesday, weighed down by the strength of the greenback and unabated foreign fund outflows. At the interbank foreign exchange, the rupee opened at 76.69 against the American dollar, then lost ground to quote at 76.72, registering a fall of […]

Hyderabad: Techfynder, a subscription-based platform that helps businesses to hire talent, made a foray into Hyderabad. It also announced expansion plans across India including Hyderabad, Bengaluru, Chennai, Delhi and Mumbai. It intends to invest in these cities over the next three years. Techfynder is an AI-based technology platform that allows businesses to directly contact candidates […]

San Francisco: Billionaire Elon Musk has reached an agreement to acquire Twitter for approximately $44 billion, the company said. The outspoken Tesla CEO, the world’s wealthiest person, has said he wants to buy Twitter because he thinks it’s not living up to its potential as a platform for “free speech.” He says it needs to […]

New Delhi: The initial public offering of the country’s largest insurer LIC will open on May 4 and close on May 9, sources said. The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch Rs 21,000 crore to the exchequer. The IPO values LIC at […]

Hyderabad: The WASH Innovation Hub (WIH), an initiative of the Government of Telangana and Administrative Staff College of India, will hold its INK@WASH event on May 5 and 6 in Hyderabad. It will showcase more than 100 innovations in water, sanitation and hygiene (WASH) segments.It intends to promote collaborations between startups, innovators, Governments, mentors and […]

New Delhi: Adani Group Chairman Gautam Adani has become the world’s fifth-richest person overtaking legendary investor Warren Buffett, according to Forbes data. According to Forbes estimates, the net worth of 59-year-old Gautam Adani surged to $123.7 billion as of Friday’s market close, while Warren Buffett’s net worth stood at $121.7 billion. Buffett is 91 years […]

Hyderabad: Adding to the list of marquee names present at the Genome Valley, Ferring Laboratories set up its plant with an investment of Euro 30 million (about Rs 246 crore). Industries and IT Minister KT Rama Rao inaugurated the plant on Monday. Speaking on the occasion, he said Ferring coming to Hyderabad is a testimony […]

Mumbai: The rupee declined 23 paise to 76.65 against the US dollar in the opening trade on Monday tracking the strength of the dollar in the overseas market. At the interbank foreign exchange, the rupee opened on a muted note at 76.58 against the American dollar, then fell and touched an early low of 76.65 […]

Mumbai: Equity benchmark indices opened in the red on Monday with Sensex down by 516.55 points and Nifty by 168.40 points. At 9:35 am, the BSE Sensex was down by 516.55 points or 0.90 per cent at 56,680.60. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and […]

Hyderabad: Technology solutions company Cyient on Monday announced to acquire Finland-based Citec, a global plant and product engineering services company, for an undisclosed sum. According to Cyient, this is the largest outbound acquisition by an Indian engineering services company and its largest acquisition to date. The acquisition will strengthen its presence in the energy industry […]