Business

San Francisco: Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. The company’s customer base fell by 200,000 subscribers during the January-March period, according to its quarterly earnings report released […]

Hyderabad: Telangana Grameena Bank recorded a net profit of Rs 373.16 crore for the year ended March, an increase of 26.9 per cent from Rs 293.9 crore. Advances grew 11.5 per cent increase to touch Rs 11,272.8 crore for the year ended March. They were Rs 10,103.7 crore in the corresponding period last year. The […]

Hyderabad: Ever heard of a fish variety that could cost you about Rs 2000 per kg? Well! Rainbow Trout does cost that much and is still in high demand, in Hyderabad also. The popularity of the Rainbow trout is so much that in lakes and streams in Kashmir, where the fish is found in abundance, […]

Hyderabad: Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth Rs 498 crore across its various business verticals. Pre Engineered Buildings (PEB) vertical has received orders from Reliance Industries, MSN Laboratories, Technocraft, JSW and Siemens. Ascent Buildings, USA vertical has received orders from Dunn & Griffco, Alladin, Tubular Steel, Service […]

Hyderabad: The Reserve Bank of India (RBI) has restored the pre-pandemic trading timings in RBI-regulated markets, which includes the money market. With this, banks will now open at 9:00 am. Even financial markets regulated by RBI such as the forex market have a new set of timings to abide by. The RBI notification said, “With […]

Bengaluru: With economic activity showing impressive recovery from Covid’s grip, hiring demand witnessed a 6 per cent year-on-year growth in the month of March 2022, according to a report. The Monster Employment Index (MEI) showed online recruitment activity exceeded the year-ago level in 11 out of the 13 cities monitored by the index. All metros […]

Hyderabad: Biotechnology company Ocugen will commercialise Bharat Biotech’s Covaxin in Mexico. The two companies amended their present co-development, supply and commercialisation agreement on Bharat Biotech’s Covid-19 vaccine Covaxin to include Mexico. With this amendment, Ocugen now has commercialisation rights of Covaxin for all of North America. “We’re excited to commercialise Covaxin in Mexico, as authorities […]

Hyderabad: RapidEVChargE, which is into manufacturing of electrical chargers and creating related software applications, has plans to set up a electric vehicle charger manufacturing unit in Telangana Hyderabad. It will be through a franchise route. It currently manufactures chargers in Coimbatore, said company Founder and Chief Executive Officer P Sivasubramaniam. It also has plans to […]

Hyderabad: Hyderabad-based early stage venture capital fund Endiya Partners along with Chiratae Ventures has invested $1.2 million in HR Tech SaaS platform Expertia AI. The seed funding round also saw participation from Entrepreneur First and angel investor Archana Priyadarshini. The funds will be used for assembling a team of AI Researchers and Software Engineers and […]

Hyderabad: Hyderabad headquartered datacenter company CtrlS has laid the foundation stone of its Rated-4 Datacentre in Assam, a first major IT investment in that region. The IT Minister of Assam, Keshab Mahanta was part of the event held at Tech City Park, Guwahati in the presence of Himanta Biswa Sarma, Chief Minister of Assam, Ramendra […]

Bengaluru: Restaurant management platform UrbanPiper on Monday announced it has raised $24 million led by existing investors Sequoia Capital India and Tiger Global, and new investors Swiggy and Zomato. The platform aims to use the funds to scale its product and engineering teams and looks to expand to more than 200,000 restaurant locations globally in […]

New Delhi: Samsung on Monday said it will launch Galaxy M53 5G, its next M series smartphone, on April 22 that may cost around Rs 25,000. Galaxy M53 5G comes with segment-best 108 MP camera, ‘Auto’ data switching and sAMOLED+ display. The ‘Auto’ data switching feature helps consumers stay connected through their secondary SIM seamlessly […]

New Delhi: India’s benchmark equity indices declined sharply in early trade on Monday as surge in inflation dented investors’ sentiment. Consumer Price Index or retail inflation rose steeply in March to 6.95 per cent, which was above Reserve Bank of India’s upper tolerance band of 6 per cent for three consecutive months. At 9.36 a.m., […]

New Delhi: Electric two-wheeler manufacturer Okinawa Autotech has recalled 3,215 units of its ‘Praise Pro’ scooters. “This voluntary campaign is in the wake of the recent thermal incident and in line with the company’s long-standing commitment to customer safety,” the company said in a statement. Recently, social media was a buzz with pictures of electric […]

New Delhi: The global IT and business services market is expected to grow by 5.6 per cent in 2022, representing an increase of 160 basis points from 2021 forecast, according to IDC. The market will continue to expand throughout the next few years at a rate of 4-5 per cent, representing an overall increase of […]

San Francisco: Tesla and SpaceX CEO Elon Musk on Sunday said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer to acquire 100 per cent of the micro-blogging platform for $43 billion. He was reacting to a follower who said that the Twitter […]

New Delhi: Gaming start-up Winzo expects its ecosystem to create more than 1 lakh direct and indirect jobs over the next one year, a top official of the company said. Winzo co-founder Saumya Singh Rathore told PTI that with growth in the number of games, the company is engaging housewives, teachers and influencers for various […]

New Delhi: The Oil Ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of […]

New Delhi: The pandemic has accelerated the pace of digital transformation at such a level that more and more Indian micro, small and medium enterprises (MSMEs) are seeking to move to the Cloud, and the country has to find newer ways to help them do it faster, Kulmeet Bawa, President and Managing Director, SAP Indian […]

New Delhi:  It is becoming increasingly difficult for Indian automakers to control input costs as they are dependent on China and Japan which are facing supply chain woes, resulting in price hikes across vehicle ranges, according to a new report. Indian automakers are responding to raw material price hikes by at least 2 per cent […]

New Delhi: Byju’s-owned online coding platform WhiteHat Jr has posted a massive Rs 1,690 crore loss in the financial year 2021, while generating an operating revenue of Rs 484 crore in the same period. The company’s balance sheet in its annual financial statements filed with the Registrars of Companies (ROC) shows that operating revenues were […]

San Francisco/New Delhi: Treating Elon Musk’s $43 billion offer to buy Twitter as an “unwelcome” step, the board of the company is reportedly considering a “poison pill” strategy to make it more difficult for Musk to acquire a larger stake in the micro-blogging platform and avoid a hostile takeover. According to The Information, Twitter’s board […]

New York/London: In a strongest challenge to Elon Musk’s Tesla in the electric vehicle (EV) market, Mercedes-Benz has unveiled its long-range ‘Vision EQXX’ concept car that travelled over 1,000 kms on a fully charged battery — longest-ever distance covered by an EV on a single charge to date. According to the automaker, the journey from […]

New Delhi: Bike taxi aggregator platform Rapido on Friday said it has raised $180 million led by online food delivery service Swiggy. Rapido said the funds would be used to bolster technology, strengthen its teams and reach a larger audience in metros, tier 1, 2 and 3 cities to ensure last-mile connectivity. The Series D […]