Business

Hyderabad: Hyderabad-based early stage venture capital fund Endiya Partners along with Chiratae Ventures has invested $1.2 million in HR Tech SaaS platform Expertia AI. The seed funding round also saw participation from Entrepreneur First and angel investor Archana Priyadarshini. The funds will be used for assembling a team of AI Researchers and Software Engineers and […]

Hyderabad: Hyderabad headquartered datacenter company CtrlS has laid the foundation stone of its Rated-4 Datacentre in Assam, a first major IT investment in that region. The IT Minister of Assam, Keshab Mahanta was part of the event held at Tech City Park, Guwahati in the presence of Himanta Biswa Sarma, Chief Minister of Assam, Ramendra […]

Bengaluru: Restaurant management platform UrbanPiper on Monday announced it has raised $24 million led by existing investors Sequoia Capital India and Tiger Global, and new investors Swiggy and Zomato. The platform aims to use the funds to scale its product and engineering teams and looks to expand to more than 200,000 restaurant locations globally in […]

New Delhi: Samsung on Monday said it will launch Galaxy M53 5G, its next M series smartphone, on April 22 that may cost around Rs 25,000. Galaxy M53 5G comes with segment-best 108 MP camera, ‘Auto’ data switching and sAMOLED+ display. The ‘Auto’ data switching feature helps consumers stay connected through their secondary SIM seamlessly […]

New Delhi: India’s benchmark equity indices declined sharply in early trade on Monday as surge in inflation dented investors’ sentiment. Consumer Price Index or retail inflation rose steeply in March to 6.95 per cent, which was above Reserve Bank of India’s upper tolerance band of 6 per cent for three consecutive months. At 9.36 a.m., […]

New Delhi: Electric two-wheeler manufacturer Okinawa Autotech has recalled 3,215 units of its ‘Praise Pro’ scooters. “This voluntary campaign is in the wake of the recent thermal incident and in line with the company’s long-standing commitment to customer safety,” the company said in a statement. Recently, social media was a buzz with pictures of electric […]

New Delhi: The global IT and business services market is expected to grow by 5.6 per cent in 2022, representing an increase of 160 basis points from 2021 forecast, according to IDC. The market will continue to expand throughout the next few years at a rate of 4-5 per cent, representing an overall increase of […]

San Francisco: Tesla and SpaceX CEO Elon Musk on Sunday said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer to acquire 100 per cent of the micro-blogging platform for $43 billion. He was reacting to a follower who said that the Twitter […]

New Delhi: Gaming start-up Winzo expects its ecosystem to create more than 1 lakh direct and indirect jobs over the next one year, a top official of the company said. Winzo co-founder Saumya Singh Rathore told PTI that with growth in the number of games, the company is engaging housewives, teachers and influencers for various […]

New Delhi: The Oil Ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of […]

New Delhi: The pandemic has accelerated the pace of digital transformation at such a level that more and more Indian micro, small and medium enterprises (MSMEs) are seeking to move to the Cloud, and the country has to find newer ways to help them do it faster, Kulmeet Bawa, President and Managing Director, SAP Indian […]

New Delhi:  It is becoming increasingly difficult for Indian automakers to control input costs as they are dependent on China and Japan which are facing supply chain woes, resulting in price hikes across vehicle ranges, according to a new report. Indian automakers are responding to raw material price hikes by at least 2 per cent […]

New Delhi: Byju’s-owned online coding platform WhiteHat Jr has posted a massive Rs 1,690 crore loss in the financial year 2021, while generating an operating revenue of Rs 484 crore in the same period. The company’s balance sheet in its annual financial statements filed with the Registrars of Companies (ROC) shows that operating revenues were […]

San Francisco/New Delhi: Treating Elon Musk’s $43 billion offer to buy Twitter as an “unwelcome” step, the board of the company is reportedly considering a “poison pill” strategy to make it more difficult for Musk to acquire a larger stake in the micro-blogging platform and avoid a hostile takeover. According to The Information, Twitter’s board […]

New York/London: In a strongest challenge to Elon Musk’s Tesla in the electric vehicle (EV) market, Mercedes-Benz has unveiled its long-range ‘Vision EQXX’ concept car that travelled over 1,000 kms on a fully charged battery — longest-ever distance covered by an EV on a single charge to date. According to the automaker, the journey from […]

New Delhi: Bike taxi aggregator platform Rapido on Friday said it has raised $180 million led by online food delivery service Swiggy. Rapido said the funds would be used to bolster technology, strengthen its teams and reach a larger audience in metros, tier 1, 2 and 3 cities to ensure last-mile connectivity. The Series D […]

Washington: Billionaire and Tesla CEO Elon Musk on Thursday offered a “best and final” bid to purchase 100 per cent of microblogging site Twitter for USD 41.39 billion with $54.20 per share in cash. The world’s richest man made the offer in an updated 13D filing on Thursday and follows an announcement by Twitter that […]

Mumbai: Mahindra & Mahindra, one of India’s leading automotive companies, on Thursday announced 2.5 per cent hike in the price of its range of vehicles that will result in an increase of upto Rs 63,000 on the ex-showroom prices. “The price revision is result of continuous increase in prices of key commodities such as steel, […]

San Francisco: After Tesla fans propagated fake news of the acquisition of lithium mining firm Lithium Corporation on Twitter, the firm’s stock went up over 250 per cent. Over the last few years, Tesla CEO Elon Musk has used his Twitter account to promote so many accounts that have become influential in the Tesla community, […]

Hyderabad: The property prices in Hyderabad showed an annual 7 per cent increase in the first quarter of calendar year 2022, says a report by an online real estate company. It attributed the price hike to the overall economic growth that is seen improving the prospects of India’s biggest employment generating sector. According to a […]

Hyderabad: With hybrid work culture becoming the norm and digitization taking over businesses, many organisations seem to be putting cybersecurity on the backburner. Reiterating this view, a report by CyberArk revealed that almost 79 per cent of senior security professionals state that cybersecurity has taken a back seat in the last year in favour of […]

Mumbai: The rupee started on a muted note and slipped 6 paise to 76.21 against the US dollar in early trade on Wednesday, tracking the strength of the dollar in the overseas market and weak domestic macroeconomic data. At the interbank foreign exchange, the rupee opened at 76.15 against the American dollar and moved in […]

Mumbai: NYSE-listed electric vehicle company Fisker Inc has set up its India headquarters in Hyderabad and it will focus on software and virtual vehicle development support functions. The California-based EV maker said it has already started recruitment of local talent and expects to create 200 potential jobs in India. The development comes after Industries and […]

Hyderabad: Skootr Global, a managed office space provider, has plans to invest upwards of Rs 75 crore in Hyderabad to double its office space under management. Currently, it has about 3.5 lakh sqft and is looking to sign up a similar amount of space this year, said Puneet Chandra, co-founder and director, Skootr. Skootr offers […]