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Hyderabad: Hyderabad-based NCC Limited (NCCL) reported an increase in net profit for the third quarter ended 31 December 2021 at Rs 76.42 crore as against Rs 71.20 crore reported during the corresponding quarter of the previous fiscal year. The company’s total income on consolidated basis stood at Rs 3,032.84 crore (including other income) for the […]
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Hyderabad: TRST01 (TrayamBhu Tech Solutions), a provider of blockchain solutions, raised an undisclosed seed round from US-based Octave Ventures and others. The funds will be invested in developing blockchain products on climate tech covering ESG, carbon credit, and tokenisation carbon assets, as well as expand business operations in the USA and other emerging markets. Apart […]
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New Delhi: Total global fintech funding (across mergers & acquisitions, private equity and venture capital) reached $210 billion with a record 5,684 deals in 2021 — up from $125 billion across 3,674 deals in 2020, a new report showed on Tuesday. India once again shined on the global map, with four out of top 10 […]
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New Delhi: The Indian coal mining tycoon Gautam Adani has become Asia’s richest person thanks to a push into green energy that has boosted his fortune to $88.5bn, The Guardian reported. Adani has overtaken fellow countryman Mukesh Ambani to enter the top 10 of the world’s richest people, according to figures from Forbes and Bloomberg, […]
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Hyderabad: Safexpress, a supply chain & logistics company, has launched its ultra-modern logistics park in Hyderabad. The facility is strategically located on Nagpur-Hyderabad NH – 44 and marks the 68th such park set up by the company in India. The facility will serve as a nodal point for logistics and provide transitional connectivity with all […]
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Hyderabad: Hyderabad based startup Bask Associates introduced a first-of-its-kind freshly brewed coffee-on-the-go model in the country- The Brew Tribe at T-Hub on Monday. Jayesh Ranjan, principal secretary, I & C and IT, Government of Telangana formally launched The Brew Tribe. Also present were T Muralidharan, chairman, FICCI, Telangana State & TMI Group; Sanjana Shah, ED, […]
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Hyderabad: After running multiple successful accelerator programs in the DeepTech and MedTech spaces and supporting over 380+ startups, The Centre for Innovation and Entrepreneurship (CIE) at IIIT Hyderabad along with Arka Media Works, the new age production house which produced movies like Bahubali have launched the Media-Tech Accelerator. The accelerator programs are designed to discover, […]
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Hyderabad: Union Bank of India on Monday posted a 49.29 per cent increase in its net profit to Rs 1,085 crore for the third quarter ended December 31. The bank had earned a net profit of Rs 727 crore in the corresponding quarter of the previous financial year. The bank’s net interest income grew by […]
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Sangareddy: As part of digital transformation, the Indian Institute of Technology-Hyderabad (IIT-H) has upgraded eight classrooms to Hybrid mode with CSR initiative by Cyient Foundation under the vision of Inventing and Innovating in technology for humanity. Dr BVR Mohan Reddy, founder chairman and board member, Cyient and Chairman, Board of Governors, IIT-H and IIT-Roorkee, inaugurated […]
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Hyderabad: Hyderabad-based Assetmonk, a technology-enabled real estate investment platform, with investments in Hyderabad, Bengaluru, and Chennai, has crossed Rs 120 crores worth of investment volume through its platform and aims to achieve Rs 500 crores by the end of 2022 as assets under its management. The Hyderabad startup aims to transform how real estate investments […]
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Hyderabad: Game development company Atirath has raised an undisclosed amount of seed funding from Kalaari Capital. The Hyderabad company develops games in casual and strategy genre bringing sub-continent cultural elements with global appeal. The funds will be used for strengthening products to evolve and develop the economic model of game metaverse and for team expansion. […]
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Hyderabad: Hyderabad-based Brightcom Group signed a Letter of Intent (LOI) to acquire all the assets of a US-based digital audio firm that owns and operates multiple assets. The assets’ acquisition value, including its net cash, is pegged at $102.5 million (over Rs 760 crore) consisting of $95 million (about Rs 710 crore) in cash and […]
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Hyderabad: BLive opened its second multi-brand EV experience store in Hyderabad. The new store at Pragathinagar will offer a wide range of products and support directly to EV customers across Telangana region. BLive aims to offer an interactive experience to all its customers by showcasing over 20 brands of electric two-wheelers (e2Ws) and electric bicycles […]
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The BSE gauge was trading 225.04 points or 0.38 per cent lower at 58,419.78 in early trade. Likewise, the Nifty dropped 69.55 points or 0.40 per cent to 17,446.75.
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According to Counterpoint Research Director Tarun Pathak, Samsung S22 is coming at a very important time when the last two S series were impacted by the Covid pandemic in 2020 and supply chain challenges in 2021.
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High schooler Arnav Ramamoorthy got attracted to the field of cybersecurity and had been advocating the need for increased awareness and intervention around online safety and protocols.
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Hyderabad: Latching on to the new wave, four startups are trying out their luck with live commerce, which is taking the shopping experience inside a social channel such as Instagram, Facebook, TikTok without the customers having to leave the platform. The adoption of live commerce, also known as social commerce, is getting accelerated due to […]
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Hyderabad: Federation of Asian Biotech Associations [FABA] has announced the recipients of this year’s awards. Dr B S Bajaj Memorial FABA Special Award-2022 will be conferred upon Mahima Datla, MD, Biological E for introducing Corbevax vaccine in augmenting the fight against Covid-19 and B P Acharya, patron, FABA has been selected for the FABA Lifetime […]
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Hyderabad: Bosch has been a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. With its customised products and solutions, it has been at the forefront of the transformation in India’s mobility and ‘beyond-mobility’ landscape. The company, which is marking its 100-year journey […]
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Mumbai: State Bank of India, the country’s largest lender, on Saturday said its net profit surged 62.27 per cent to Rs 8,432 crore in the third quarter of the current financial year when compared with the corresponding period of the previous year. The government-run lender’s profit in the third quarter of 2021-22 is the highest […]
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In an update on its developer support site, Apple said it would collect 27 per cent commission instead of its usual 30 per cent on transactions made in dating apps that use alternative payment methods, reports MacRumors.
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Hyderabad: The Centre has shown its interest in providing impetus to urban infrastructure in the Budget. Besides aiming for urban sector policies, capacity building, planning, implementation and governance, the government also expects to find innovative ways of financing and faster implementation and building metro systems of appropriate type at scale. The government expects to make […]
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Hyderabad: Hyderabad-based EV maker Gravton Motors, which developed an electric bike under the brand Quanta, is planning to set up a greenfield unit in Telangana with an investment of Rs 150 crore by the end of 2022, with a potential to create about 3,000 direct and indirect jobs in the State in the next two […]
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Hyderabad: Designer fan company Fanzart has been seeing consistent growth in its business over the years with a focus on aesthetics and functionalities. The company has introduced fans of different sizes and functionalities depending on the end-user needs and is going to introduce fans for new use cases, which will be segment-first. It plans to […]
