Business

Hyderabad: California-based Grid Dynamics Holdings, a digital transformation services and solutions firm, announced the opening of Grid Dynamics India office in Hyderabad. The new centre is expected to employ 1,000 engineers by the end of 2022. “Hyderabad continuing to attract multinational companies is a testimony to the able and stable government that Telangana has, the […]

New Delhi: As thousands of commuters find themselves at the mercy of Uber and Ola drivers via ride cancellations, cancellation charges, random surge pricing and long waiting times, the Central Consumer Protection Authority (CCPA) was set to grill cab aggregators over their algorithms on Tuesday. The regulator, under its Chief Commissioner Nidhi Khare, was set […]

Sangareddy: iTIC Incubator at Indian Institute of Technology Hyderabad (IIT-H) recently selected eight deep tech startups from across India to support them via their pre-incubation and incubation support programs. A signing and on-boarding ceremony was organised to facilitate and give a boost to top-notch startups. The iTIC Incubator is investing up to Rs 25 lakh […]

New Delhi: The Enforcement Directorate (ED) on Monday denied the allegations made by Xiaomi India stating that the statements of its officials were taken under coercion as “untrue” and “baseless”. “ED denies allegations made by Xiaomi India that statements of its officials were taken under coercion as untrue and baseless,” the probe agency said in […]

Hyderabad: The Hyderabad Software Enterprises Association (Hysea) has elected its first women president. Infosys Hyderabad SEZ Centre Head Manisha Saboo will be the new president of Hysea for the term 2022-24. She takes over this role from the outgoing president Bharani K Aroll, CEO, Infopeers. Manisha represents Infosys in Hysea and as the Hysea CSR […]

Dubai: Adani Sportsline, a part of the Adani Group, on Monday made a foray into franchise cricket by acquiring the rights to own and operate a franchise in UAE T20 League. Licensed by the Emirates Cricket Board, the UAE T20 League will be an annual event that will feature six teams competing in a 34-match event. […]

Mumbai: The rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and unabated foreign fund outflows. At the interbank foreign exchange, the rupee opened at 77.17 against the American dollar, then […]

New Delhi: Tesla CEO Elon Musk on Monday sent another cryptic tweet about his death under “mysterious circumstances”, a post which his mother Maye Musk did not like at all. If I die under mysterious circumstances, it’s been nice knowin ya — Elon Musk (@elonmusk) May 9, 2022 “If I die under mysterious circumstances, it’s […]

Mumbai: The Indian stock market’s benchmark Sensex fell 823.08 points on Monday dragged by heavy selling pressure in the metal and power stocks. The 30 stock S&P BSE Sensex was trading 823.08 points or 1.50 per cent down at 54,012.50 points at 9:35 am. The broader Nifty 50 of the National Stock Exchange was trading […]

Hyderabad: No more Monday blues seems to be the new anthem for employees working in technology companies. Since the onset of the hybrid way of work, many different models have emerged and the most preferred one seems to be where employees work for three days a week from office i.e on Tuesday, Wednesday and Thursday. […]

San Francisco: Tech giant Amazon’s founder Jeff Bezos has donated $118 million to a nonprofit, but it is unclear to which nonprofit he donated, media report said. According to a Securities and Exchange Filings (SEC) filing, Bezos transferred 47,727 shares of Amazon stock to an unnamed nonprofit, worth a total of $118 million based on that […]

New Delhi: While Union Ministers keep on making a beeline to Tesla CEO Elon Musk to come and manufacture electric cars in India, he is more interested in his $44 billion Twitter acquisition rather than paying attention to what the Indian government has been reiterating now for months. His utter disinterest in responding to several […]

San Francisco: Tech billionaire Elon Musk expects Twitter to earn almost $10 billion in revenue from subscriptions by 2028, a projection that doubles the $5 billion in total revenue the platform made last year, as per a report from The New York Times. In a pitch deck viewed by the Times, Musk gave investors a […]

San Francisco: Tesla CEO Elon Musk has warned that Twitter staff may face ‘extreme’ workloads if he takes over the micro-blogging platform. While replying to an earlier tweet he shared about his plans for the micro-blogging site, he mentioned that he will still graft even harder than them to make the firm a success. “Also, […]

Expert says investors should focus on investing 40-50% of monthly income in equity mutual fund schemes

Hyderabad: The real estate industry, which was thriving on low-interest home loans, may hit a small bump post the Reserve Bank of India’s decision to increase the repo rate by 40 bps. While the full impact of the rate hike can only be gauged after a few months, the initial reaction is that it could […]

New Delhi: As India gets its 100th unicorn, Cloud major Oracle on Friday said it is not only nurturing the next breed of startups to expand their footprint but also connecting them with many venture capitalists so that they get the required funding not only in India but globally as well. Kapil Makhija, Vice President-Technology […]

New Delhi: A Lamborghini seems to have blown the lid of a huge front running scandal in a private sector mutual fund. There are now loud whispers of a Rs 1,000 crore scam in a large mutual fund owned by a leading private sector bank involving front running by the fund managers and dealers. The said […]

New Delhi: Jet Airways took to the skies again after a gap of three years. Today, May 5, our 29th birthday, Jet Airways flew again! An emotional day for all of us who have been waiting, working, and praying for this day, as well as for Jet’s loyal customers who can’t wait for Jet to commence […]

Mumbai: The Indian stock market’s benchmark Sensex fell 786.31 points on Friday dragged by heavy selling pressure in the realty and Information Technology stocks. The 30 stock S&P BSE Sensex was trading 786.31 points or 1.41 per cent down at 54,915.92 points at 10:00 am. The broader Nifty 50 of the National Stock Exchange was […]

Hyderabad: A power nap in the afternoon right after lunch is something most of us can only dream about. However, employees of a startup are living this dream. Bengaluru-based sleep solutions brand Wakefit.co has announced a new initiative that allows its employees to sleep for half-an-hour in the afternoon that too at work! In an […]

New Delhi: Home loans are set to become costlier after the Reserve Bank of India’s (RBI) decision to hike the policy repo rate by 0.40 per cent, experts said. In a bid to control inflation, RBI has announced a change in the key lending rates. On Wednesday, the apex bank announced a hike by 40 […]

San Francisco: Google has acquired Raxium, an innovator in single panel MicroLED display technologies, for an undisclosed sum. The acquisition of California-based startup with MicroLED technology will help Google build next generation of augmented/virtual and mixed reality headsets amid the buzz over metaverse. Raxium will join Google’s Devices and Services team. “We’re thrilled to have […]

Mumbai: The rupee appreciated 29 paise to 76.11 against the US dollar in opening trade on Thursday amid weakening of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 76.17 against the American dollar, then gained further ground to quote at 76.11, registering a rise of 29 paise […]