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Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per cent on account of unfavourable base effects that are expected to ease subsequently.
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New Delhi: As quick commerce (Q-commerce) gains momentum, Uber’s new verticals businesses, which includes grocery, alcohol, convenience, and other non-restaurant efforts, grew nearly 10 per cent (on-quarter) in Q4 2021, reaching the best month ever in December. According to Uber CEO Dara Khosrowshahi, the ride-hailing major continues to have a strong lead in grocery and […]
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Hyderabad: Bosch Global Software Technologies (BGSW), a global supplier of technology and software services, launched its new centre in Hyderabad. Spread over two facilities in HITEC City, the new technology and innovation R&D centre will augment the company’s focus on automotive engineering and digital enterprise. Bosch aims to leverage Hyderabad’s thriving software ecosystem to access […]
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At 10.25 a.m., Sensex traded at 58,669 points, up 0.4 per cent or 203 points from the previous close, Nifty traded at 17,533 points, up 0.4 per cent or 70 points from the previous close.
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This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.
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BY Gayathri Hariharan Hyderabad: Hyderabad-based start-up Bask Associates has announced its formal foray into the market through a first-of-its-kind freshly brewed coffee on the go model in the country – The Brew Tribe at the T-Hub, on Wednesday. The initiative was formally launched by IT and Industries Department Principal Secretary Jayesh Ranjan in the presence […]
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Hyderabad-headquartered Qwipo is a technology-enabled B2B platform in groceries and FMCG retail space addressing the bulk procurement and logistics needs of the business retailers. With an objective to transform wholesale retail in India, the company was founded in 2018 with technology-led digital intervention in the supply chain. Siva Morisetti, founder & CEO, Qwipo tells Y […]
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Hyderabad: Hyderabad, which has emerged as one of the top office markets in the country, is likely to witness 8 mn sq ft of office space absorption this year, comparable to the pre-pandemic leasing that the city has seen. The city is estimated to have pre-commitments of 1 mn sq ft in buildings nearing completion […]
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Hyderabad: Hogar Controls Inc, a global IoT firm that has chosen Hyderabad to set up its R&D & assembling unit in 2019 at Uppal is setting up a larger (1 lakh sq ft) integrated facility in Raidurg for R&D, testing and assembly. The company is constructing the facility, which is expected to go on stream […]
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A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23.
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The 30-scrip BSE Sensex was up by 503.79 points or 0.87 per cent at 58312.37 at 9.30 am.
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Hyderabad: Grip Invest is an investment marketplace that provides retail investors with options to co-invest and have partial ownership in physical assets that generate lease income. The company provides a lease finance platform where investors can purchase and lease assets to companies, providing them an additional investment tool while enabling companies to grow faster by […]
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Hyderabad: Continuing with its efforts to get big players to set up their operations in Telangana, the State government has succeeded in getting German MNC Bosch Global Software Technologies to set up its operations in Hyderabad. The proposed facility, which will also focus on research and development, will provide employment to about 3,000 people, Industries […]
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Hyderabad: Hyderabad-based Granules India reported a 31.3 per cent decline in its net profit for the third quarter ended December 2021. The company’s profit stood at Rs 101 crore compared to Rs 147 crore reported during the corresponding period of the previous year. The dip in profit is driven by reduction in gross margin and […]
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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 […]
