Business

Forex traders said the rupee gained as the dollar retreated from its elevated levels. However, the local unit is likely to remain volatile amid the announcement of the Reserve Bank of India (RBI) monetary policy decision.

With the latest hike, the repo rate or the short term lending rate at which banks borrow from the central bank is now close to 6 per cent.

France-based Software company, Capgemini, has employed 30,000 persons in Hyderabad and surpassed the Mumbai that has 29,000.

The upcoming Smart Factory of Schneider Electric will greatly contribute to the State’s economy, which is bolstering its position as a leading investment hotbed.

At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.58, registering a gain of 35 paise over its previous close.

The 30-share BSE benchmark jumped 567.86 points to 57,166.14 after a firm beginning. Similarly, the broader NSE Nifty climbed 167.45 points to 17,026.05.

The rupee had slipped below the 82-level for the first time on Wednesday and that the falling rupee is spooking the financial plans of those wanting to pursue higher education abroad.

Hyderabad: Silicon Labs, a wireless technology player, announced its new office at Salarpuria Sattva Knowledge City in Hyderabad. This will be Silicon Labs’ largest global centre for engineering and wireless connectivity innovation. It now has 500 engineers across hardware, software, and applications segments and has plans to increase the headcount to 1,500 by 2025. “Hyderabad […]

TSREDCO has been signed a mutual understanding agreement with implementation agencies for establishment of 138 electric vehicle charging stations in the State including 118 in Hyderabad, 10 each in Warangal and Karimnagar.

In India, tech/IT is the top industry hit by ransomware (23.40 per cent of all attacks), followed by the manufacturing industry (10.90 per cent), according to cyber-security firm NordLocker.

The 30-share BSE Sensex fell 608.8 points to 56,498.72 in initial trade. Similarly, the broader NSE Nifty declined 182 points to 16,825.40.

Moreover, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite, forex traders said.

The free fall of the rupee is continuing, racing towards an all-time record low of Rs.82 against the dollar and that the falling rupee would make pharma imports costlier as importers have to shell out more rupees per dollar.

Hyderabad: Commercial vehicle manufacturer Tata Motors launched pickup vehicles Yodha 2.0, Intra V20 bi-fuel and Intra V50 on Monday in Hyderabad. These cater to the logistics needs of agriculture, poultry and dairy, FMCG, e-commerce and logistics sectors. Tata Motors delivered 750 vehicles to customers across the country. “The new vehicles offer high payload capacity, large […]

Cupertino, California-headquartered Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones in the country including iPhone SE, iPhone 12, iPhone 13 and, now, iPhone 14.

Google has already confirmed that the next-generation Pixel 7 series will come to India, to be available on Flipkart.

Insurance companies are offering term insurance policies from Rs.25 lakh to Rs.75 lakh for a homemaker, independent of the insurance cover of the husband.

Ashok has so far created eight farm tools that ease the drudgery for farmers, all of them low cost products made using commonly available items.

Hyderabad: Altigreen, makers of three wheeler electric vehicles, inaugurated its retail experience centre in the city on Friday. Altigreen chose Raam Electric to launch its first retail dealership in Hyderabad. Raam Electric is part of Raam Group that is into automotive retail across Telangana, Andhra Pradesh, Karnataka and Maharashtra since 1986. Secunderabad Cantonment MLA G […]

This morning, the Rupee opened 25 paise lower from the previous session to touch a record low of 81.09 versus the US dollar, against Thursday's close of 80.86. Yesterday's depreciation was the biggest single-day fall for the rupee since February 24.

In a representation to the Finance Minister Niramala Sitharaman and Commerce Minister Piyush Goyal, FTCCI President Anil Agarwal said the blanket imposition of 20 percent duty irrespective of the variety, quality, standard, demand and price of rice would cripple non-basmati exports from India.

The digital classrooms by HP India will be set up in government or government-aided schools across 17 states for the students of Classes 9 to 12.

Hyderabad: City-based Bhanzu, a global math learning platform, raised $15 million (about Rs 120 crore) in Series A funding led by investment firm Eight Roads Ventures. Another investor, B Capital, also invested in this round. Bhanzu will use the funding to enhance its technology infrastructure for student learning experience and strengthen its math curriculum for […]

The company in its blog said that the 11-day leave is an initiative aimed at allowing employees to completely unplug from work and prioritise their mental well-being after the busy festive sale period.