Business

Mumbai: Equity benchmark Sensex declined nearly 70 points in opening trade on Wednesday, tracking losses in index majors Maruti, M&M and Kotak Mahindra Bank amid a positive trend in Asian markets. The 30-share BSE benchmark fell 69.26 points to 58,067.10 in early trade. The broader NSE Nifty slipped 37.45 points to 17,308. Among the Sensex […]

Mumbai: The rupee depreciated 27 paise to 78.80 against the US dollar in opening trade on Wednesday, tracking a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 78.70 against the US dollar, then fell to 78.80 against the greenback, registering a decline of 27 paise over the last close. […]

New Delhi: Low cost carrier SpiceJet is said to be in active discussion with a Middle Eastern carrier for a possible stake sale. SpiceJet promoter Ajay Singh holds a stake of around 60 per cent in the budget carrier. Sources said a big Middle Eastern airline has expressed interest to pick a 24 per cent stake […]

Hyderabad: CriticalRiver, a global digital and technology consulting services company, on Tuesday announced the opening of its Centre for Digital Innovation in Hyderabad. This is the third facility in the country. The new Centre will spearhead the adoption of digital technologies for CriticalRiver customers across sectors. The company now has about 420 people working for […]

Hyderabad: Aerospace player Airbus has signed a contract with the aviation infrastructure developer GMR Group to provide aircraft maintenance training to young aviation engineers. GMR will provide the fully integrated Aircraft Maintenance Engineer (AME) licensing programme at the GMR School of Aviation in Hyderabad. The four-year course will include two years of classroom training and […]

Hyderabad: While digital payments rule the roost, issuing cheques, particularly for high-value transactions, is still an important aspect of the banking system. There have been some cases of amounts getting tampered and signatures being forged. But now, an extra level of security has been added — the positive pay confirmation. Under positive pay confirmation, the […]

New Delhi: GST collection in July stood at Rs 1,48,995 crore, second highest since introduction of GST. The collection for July is 28 per cent higher than the GST revenues recorded in the same month last year of Rs 1,16,393 crore. “Of the total GST collection, Central GST is Rs 25,751 crore, State GST is […]

Ranchi: Tata Group is planning to spend Rs 3,000 crore on R&D by FY26 and set to roll out the ‘First in India’ seating system for Vande Bharat Express trains from September 2022, a top official has said. The steel-to-salt conglomerate is also targeting to be among the top 5 technology firms in the steel […]

New Delhi: Ride-hailing major Uber is going to show drivers how much they will earn and where they are going before accepting a trip. Uber CEO Dara Khosrowshahi said that with ‘Upfront Fares’, the company has completely reimagined the way drivers accept rides. “Our new trip request screen makes it easier for drivers to decide […]

Hyderabad: Farm input products company Indofil Industries on Thursday launched three products- Skystar for BPH on paddy, Sapper (an early sucking complex on Cotton) and Alecto (Lepidopteran and Thrips on chili and other vegetables) in Hyderabad. The six-decade company has been serving the farming community with its products and services. Indofil has a presence in […]

New Delhi: The due date for income tax return (ITR) filing for the financial year 2021-22 or assessment year 2022-23 is July 31, 2022. If you have already filed the return or manage to file it before the due date, it’s well and good. But, what happens if you fail to file the ITR before […]

Hyderabad: Users who are filing their Income Tax Returns are facing technical glitches. Many complained of the portal turning sluggish. They also complained of receiving OTPs late or not receiving at all. The OTP generated is valid for ten minutes only and as a result of receiving them late, the users could apply that to […]

Bengaluru: On-demand delivery platform Swiggy on Friday announced a permanent work-from-anywhere for majority of its employees. The decision was arrived at based on team needs and feedback from several managers and employees who vouched for the flexibility and increased productivity working from home has given them in the last two years, the company said in a […]

New Delhi: The Goa chapter of the Mining Engineers Association of India (MEAI) has urged the Centre to review and completely withdraw the 50 per cent export duty imposed on low grade iron ore (below 58 per cent). The Association claimed that the imposition of export duty will have far-reaching ramifications not only on the […]

New Delhi: Riding on the iPhone 13 series, Apple saw its iPhone revenue jump 3 per cent to a record $40.7 billion in its June quarter. The iPhone growth was achieved “despite foreign exchange headwinds as customer response to our iPhone 13 family continue to be strong,” said Luca Maestri, Chief Financial Officer at Apple. […]

Seoul: LG Electronics on Friday said its second -quarter operating profit decreased 12 per cent (on-year) amid rampant inflation that hurt consumer demand for TVs and other home appliances. Its operating income came in at 792 billion won $609 million for the April-June quarter, falling short of analysts’ expectations surveyed by Yonhap Infomax, the financial […]

New Delhi: The auction of 5G spectrum for ultra-high-speed internet services entered day four on Friday after garnering bids worth Rs 1,49,623 crore in 16 rounds of bidding conducted so far. The high interest for spectrum in the 1800 MHz band in Uttar Pradesh East circle saw Jio and Airtel locked in intense bidding on […]

San Francisco: Despite the global macro-economic environment, Apple saw a record June quarter with 2 per cent (year-over-year) revenue increase at $83 billion, riding on a 12 per cent sales increase in services. iPhone revenue was up from $39.5 billion to $40.7 billion in the April-June period — a 3 per cent increase from the same […]

Mumbai: The rupee appreciated 30 paise to 79.39 against the US dollar in opening trade on Friday, buoyed by fresh foreign fund inflows into capital markets and a firm trend in the domestic equities. Besides, a weak greenback overseas against key rivals supported the local unit, traders said. At the interbank foreign exchange, the rupee […]

Mumbai: Benchmark indices continued to rally for the third day running on Friday with the Sensex climbing 619 points in early trade to reclaim the 57,000 level. The 30-share BSE benchmark jumped 619.27 points to 57,477.06. The broader NSE Nifty advanced 189.15 points to 17,118.75. Among the Sensex constituents, Tata Steel, Bajaj Finserv, Asian Paints, […]

Hyderabad: Packaging products company AGI Greenpac (formerly known as HSIL) recorded a profit of Rs 66 crore for the June quarter. This is close to six-fold increase from Rs 11.2 crore it registered in the corresponding period last year. Its revenues were Rs 523.6 crore, up from Rs 419.94 crore last year. Its expenses were […]

Hyderabad: Pharma major Dr Reddy’s Laboratories (DRL) reported a profit after tax of Rs 1,188 crore for the June quarter. This is an increase of Rs 108% from Rs 570.8 crore during the corresponding period last year. Its revenues during the June quarter were Rs 5,215 crore, up 6% from Rs 4,919 crore. During the […]

Hyderabad: Hyderabad-based Zenara Pharma, a fully owned subsidiary of Biophore India Pharmaceuticals, has announced that it has received approval from the Central Drugs Standard Control Organization (CDSCO) to manufacture and market Nirmatrelvir and Ritonavir tablets in a combi pack as a treatment option for patients with mild to moderate symptoms of Covid-19 in adults. The […]

Chennai: India’s demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India. He also said 80 per cent of the demand will be for jewellery and the balance in the form of gold coins. The gold demand in India for 2022 will be above 800 tonne. It will […]