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New Delhi: Bessemer Venture Partners (BVP) on Tuesday announced the closure of a USD 220 million fund (about Rs 1,653 crore) in India to back the next generation of innovators in India. The fund will focus primarily on early-stage investments, consistent with Bessemer’s approach of starting with seed and Series-A investments and sticking with companies […]
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Mumbai: The rupee recovered 21 paise to 74.86 against the US dollar in opening trade on Tuesday, as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiments. At the interbank foreign exchange, the rupee opened on a strong note at 74.91, then surged higher to 74.86 against the American […]
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Hyderabad: What could large enterprises like Adani Wilmar, Swiggy and JSW have in common? They all use the same HR technology platform that has been developed by three Hyderabad-based entrepreneurs. Darwinbox, which is a city-based HR technology startup have served over 600-plus clients since 2016 and has over 10 lakh users on its platform. The […]
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Hyderabad: Nandu’s, a hyperlocal and omni-channel meat brand, has announced its entry into the Hyderabad market, as part of its pan-India expansion strategy. Launched with one store at Addagutta Society, Kukatpally and a second one at KPHB Colony, Kukatpally, ready for launch in a week’s time, the Bengaluru-based company plans to set up five new […]
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The round was led by Tiger Global and New York-based global private equity and venture capital Insight Partners.
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The smartphone is priced in India, starting at Rs 12,999 for the 4GB RAM+64GB storage option and Rs 14,999 for the 6GB RAM+128GB storage option.
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Hyderabad: After Airtel and Vodafone Idea announced an increase in their tariff plans for prepaid customers, Reliance Jio has joined the bandwagon. As per reports, these three operators – which cover 90 per cent of users – have increased their tariff plans by 20-25 per cent. While Airtel announced that its new tariff plans will […]
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Hyderabad: Hyderabad-based Covid-19 vaccine (Covaxin) maker Bharat Biotech on Monday said the company has commenced the exports of the vaccine. “Long pending export orders have been executed during November, to be further expanded during the following months. With the number of countries that have granted emergency use approvals for Covaxin increasing, exports to additional countries […]
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She also informed the House that the government does not collect data on Bitcoin transactions.
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upGrad will invest $16 million to buy 100 per cent of GSP and commit a further $10 million for future growth. GSP is slated to close its current financials at a GMV of over $10 million, which will grow fourfold in the coming year.
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Hyderabad: Hyderabad-based MTAR Technologies, a precision engineering solutions company that makes mission critical precision components for multiple sectors, is strengthening its presence in clean energy, and is planning to expand its overall headcount from over 1,500 currently to about 2,500 in the next 1-2 years, in its efforts to become an integrated systems company. […]
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In a highly volatile market, the 30-share index BSE Sensex was trading higher by 375.23 points or 0.66 per cent at 57,482.38 points at 1140 hrs.
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New Delhi: After Bharti Airtel and Vodafone Idea, India’s largest mobile operator Reliance Jio on Sunday announced up to 21 per cent hike in its prepaid tariffs from next month. The tariff hikes entail JioPhone Plan, Unlimited Plans, and data add on, and range between 19.6 per cent and 21.3 per cent. “In line with […]
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Compared to other players, the domestic smartphone company is quite late to launch a 5G smartphone. However, it still doesn't make any difference as 5G services haven't begun yet for the users in India.
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Hyderabad: Agoro Carbon Alliance, a body of farmers, agronomists and businesses, backed by Yara, one of the global crop nutrition companies, is working with farmers towards carbon financing by originating, verifying and selling carbon credits through sustainable agriculture. Agoro works with farmers to create a stepwise plan to transition towards creating climate-positive farm management practices. […]
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The dollar index, which measures the greenback against six major peers, decreased 0.75 per cent at 96.0468 in late trading.
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According to market research firm Counterpoint, driven by the iPhone 13 series, Apple's sales grew 46 per cent MoM, the highest among all major OEMs in the country.
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Hyderabad: Confederation of Real Estate Developers’ Associations of India’s (CREDAI) Hyderabad and Telangana units have appealed to people not to buy unapproved properties and desist from falling prey to pre-launch, undivided share (UDS) and pre-sale schemes. The CREDAI units along with Telangana Real Estate Developers’ Association (TREDA), Telangana Builders Federation (TBF) and Telangana Developers Association […]
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Hyderabad: Export-Import Bank of India (India Exim Bank), which facilitates financing to companies involved in exports and imports, is in an advanced stage of discussion with four companies in Hyderabad from different sectors and is going to initiate talks with 10 more companies in the coming months. N Ramesh, deputy managing director, India Exim Bank, […]
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Hyderabad: To combat the Covid-19 pandemic, India Exim Bank is expecting to finance $100 million to the vaccine segment this fiscal, which may include development of vaccines or intermediaries needed in the vaccine development, to cater to the growing demand from export markets. This will benefit at least two companies in Hyderabad out of seven […]
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employees, in the new normal, companies such as Awfis are expanding their footprint in Hyderabad by adding premium workspaces.
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New Delhi: After being hit hard by Covid-19 due to scarcity of labour and low-budget spending, India’s real estate industry is now gathering pace and is on the course to healthy recovery. According to a report on the sector by Infomerics Valuation and Rating Pvt Ltd., a SEBI-registered and RBI-accredited financial services credit rating company, […]
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New Delhi: The Centre’s focus on building infrastructure is expected to drive demand for the mining and construction equipment sector in the calendar year 2021, ICRA Ratings said. The ratings agency expects the sector to grow at around 15-17 per cent in 2021, against its earlier estimate of 15-20 per cent. “Patchy monsoons, together with […]
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New Delhi: Indias leading industrialist and philanthropist, Anil Agarwal, Chairman of the Vedanta Group, one of the worlds biggest Oil & Gas and Metals companies, has been bestowed with the Philanthropy Award at the Asian Business Awards 2021 for his outstanding contribution towards humanitarianism initiatives centering on healthcare, education, sanitation, skill development and sustainable livelihood. His […]
