Business

Maranello: At an investor presentation, luxury carmaker Ferrari has announced that it will be 60 per cent electrified by 2026. The carmaker said that by 2026 Ferrari targets a well-diversified product portfolio, composed of 60 per cent hybrid and fully electric and 40 per cent ICE in terms of the number of models. “Our brand fuels […]

Mumbai: Equity indices opened the trade on a muted note on Friday, with the Sensex tanking 425 points in early trade, in line with weak global markets and concerns over unabated foreign capital outflows. The BSE benchmark was trading 425.11 points lower at 51,070.68. The Nifty dipped 125.7 points to 15,234.90. From the Sensex pack, […]

Hyderabad: Hyderabad headquartered technology solutions company Cyient on Thursday announced the appointment of Prabhakar Shetty as its chief digital officer. Shetty will lead digital strategies to expand the company’s digital technology footprint by scaling the services lines related to connected manufacturing, intelligent products, and platforms and strengthening IntelliCyient, its digital solutions suite. He joins Cyient […]

London: Apple is set to face another class-action lawsuit seeking damages worth $935 million in the UK over intentionally slowing down the performance of older iPhones to encourage customers to buy newer models. Consumer rights campaigner Justin Gutmann is filing the lawsuit in the Competition Appeal Tribunal in London, on behalf of up to 25 […]

Mumbai: The rupee strengthened by 15 paise to 78.07 against the US dollar in opening trade on Thursday after the US Federal Reserve hiked interest rate by 75 basis points and signalled more rate action to fight inflation. Besides, a firm trend in domestic equities and weak American dollar in the overseas market supported the […]

Mumbai: The Indian stock market soared higher on Thursday morning with the Sensex gaining over 500 points and the Nifty climbing around 150 points, amid positive global cues. The 30 stock S&P BSE Sensex rose by 548.17 points or 1.04 per cent to close at 53,089.56 points at 9.20 am. The broader Nifty 50 of […]

Hyderabad: Telangana’s startup ecosystem is now ranked among the top 10 global ecosystems and is ranked number four Asian ecosystem in affordable talent, a recent report said. The 2022 Global Startup Ecosystem Report (GSER) by Startup Genome, which was launched in London Tech Week this week, reported that Telangana-based startups are counted among the top […]

Hyderabad: Hyderabad-based health technology company BlueSemi will be representing India at VivaTech, which is Europe’s biggest annual innovation, startup, and tech event. The company will showcase its marquee product, Eyva, the world’s first non-invasive gadget that can measure six key body vitals including blood glucose, ECG, heart rate, blood pressure, SPo2, HbA1C in less than […]

New Delhi: The Income Tax Department has notified the cost inflation index for the current fiscal to calculate long-term capital gains arising from the sale of immovable property, securities and jewellery. The cost inflation index (CII) is used by a taxpayer to compute gains arising out of the sale of capital assets after adjusting for […]

Los Angeles: At a time when Wall Street doesn’t have much good news coming out of it, Goldman Sachs predicts a booming decade for the music industry, with total music revenue to double to about $131 billion by 2030, says ‘Variety’. The investment banking and financial services company’s annual ‘Music in the Air’ forecast predicts […]

San Francisco: Ford Motor has recalled nearly 49,000 Mustang Mach-E electric crossovers over battery safety concerns, and told dealers to temporarily halt selling the popular electric vehicle. The battery safety defect may render the vehicle immobile. The malfunction involves a potential overheating of the vehicle’s battery high-voltage contactors, which can lead the vehicle to fail to […]

New Delhi: The Union Cabinet on Wednesday approved the Telecom department’s proposal to conduct a spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. A total of 72097.85 MHz of spectrum with a validity period of 20 years will be put to auction to […]

New Delhi: Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn. Brian Armstrong, CEO and co-founder said that while the company tried its best to get this just right, in this case, it is now clear that it is over-hired. […]

Mumbai: The Indian stock market opened in green on Tuesday with less than 0.5 per cent slump in the key indices, Sensex and Nifty. The 30 stock S&P BSE Sensex rose by 43.76 per cent points or 0.08 per cent to close at 52,737.33 points at 9.17 am The broader Nifty 50 of the National […]

Hyderabad: Delayed payments are a challenge for MSMEs. Ketan Gaikwad, Managing Director and CEO, Receivables Exchange of India Limited (RXIL) explains to Telangana Today how TReDS platform improves cash flows of sellers or suppliers in the MSME segment. What is RXIL? RXIL is a joint venture between Small Industries Development Bank of India (SIDBI), the […]

Hyderabad: Leading importers and distributors of newsprint and paper Poddar Global Private Limited brought a chartered break bulk vessel M/V LADA carrying standard newsprint from Russia. This is to ease the tightening newsprint supplies to Indian newspapers, It arrived at Mumbai Port on June 5. It is the first time after 25 years Russia has […]

Hyderabad: Cloud data protection and management company Druva has announced that it has increased its India headcount by 50 per cent in the last two years and, particularly, in Hyderabad it has expanded its research and development footprint. In the city it is focused on tapping the region’s cloud expertise to bolster its research, development, […]

Hyderabad: After a virtual concert and the launch of a policy – Telangana’s SpaceTech policy – on a metaverse, this Hyderabad-based startup has now unveiled India’s first multiplex on its Partynite Metaverse platform. Conceived by Bharti Airtel and developed by city-based startup Gamitronics, the Xstream multiplex is an extension of Airtel’s Xstream Premium offering. Airtel’s […]

New Delhi: Dr Reddy’s Laboratories on Tuesday said it has launched Sorafenib tablets, used in the treatment of various cancers, in the US market after getting approval from the US Food and Drug Administration (USFDA). “We are pleased to launch this important generic product, illustrating our continued commitment to bring affordable generic medicines to market […]

Hyderabad: Johnson Controls, which is into smart, healthy and sustainable buildings, on Tuesday announced the opening of its OpenBlue Innovation Centre for engineering and excellence in Hyderabad. It also announced to set up its manufacturing unit in Hyderabad in days to come. The decision to set up its manufacturing unit was announced instantaneously after Industries […]

San Francisco: Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago. It was hovering around Rs 20,000-Rs 21,000 per BTC as the global crypto market crashed owing to the weak macroeconomic environment and systemic risk from within the crypto space. Bitcoin has fallen […]

Mumbai: The rupee rebounded from its all-time low level and inched higher by 2 paise to 78.02 against the US dollar in opening trade on Tuesday. At the interbank foreign exchange, the rupee opened at 78.02 against the dollar, registering a rise of 2 paise over its previous close. In initial deals, the domestic unit […]

Mumbai: Equity benchmarks fell for the third day running on Tuesday, with the Sensex tumbling 375 points in early trade, tracking weak global markets as investors remained cautious ahead of the Federal Reserve meeting outcome. Unabated foreign fund outflows continued to weigh on the domestic equity markets. The 30-share BSE benchmark was trading 374.72 points […]

Hyderabad: The United Arab Emirates-based company META4 on Monday announced to invest Rs 250 crore to set up an electric two-wheeler manufacturing plant in Telangana. The plant will help create nearly 500 direct and 2,000 indirect jobs in the state. The Telangana government will provide 15 acres of subsidised land in the national investment and […]