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Home  Business

Business

Equities fall in early trade; Sensex slides 530 points

Equities fall in early trade; Sensex slides 530 points

  • Rupee falls 43 paise to 79.60 against US dollar in early trade

    On Tuesday, the rupee appreciated by 36 paise to close at an over one-month high of 79.17 against the dollar.
  • M1xchange aims to tap MSMEs in Telangana for its TReDS platform

    TReDS is a mechanism to facilitate the discounting of invoices for MSMEs from corporate buyers through multiple financiers.
  • Vedanta-Foxconn to invest Rs 1.54 lakh crore in India’s first chip factory

    Ahmedabad/New Delhi: Mining conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn will make one of the largest ever investments of Rs 1.54 lakh crore in setting up India’s first semiconductor plant in Gujarat. The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and […]
  • ‘Shopping mall spending returning to pre-Covid levels in India’

    Hyderabad: Hyderabad saw 7.2 million sqft of gross leasable area (GLA) in malls during January to June this year. This is about 7.7% of the country’s (top eight Indian cities) total mall stock of 92.9 million sqft. About 3.9 million sqft (52%) of Hyderabad’s mall space is classified as Grade A, the highest share of […]
  • Pharma exports in 2021-22 remained flat at $ 24 billion

    Hyderabad: The pharmaceutical exports from India from April 2021 to March 2022 stood at $ 24.6 billion (about Rs 1.94 lakh crore. These exports were just 0.71% more than $ 24.4 billion recorded during 2020-21. In 2020-21, the growth was 18% over $ 20.7 billion achieved during 2019-20, said Ravi Uday Bhaskar, Director General of […]
  • Mensa Brands acquires MyFitness, to make it Rs 1,000 cr brand

    The acquisition will help Mensa Brands launch new categories, scale D2C, invest in brand-building and expand to global markets.
  • Sensex revisits 60k-mark in early trade

    Trading momentum was positive ahead of retail inflation and industrial output data, which will be announced after market hours.
  • Rupee falls 10 paise to 79.67 against US dollar in early trade

    At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar.
  • India only major country to grow in smart personal audio market

    The worldwide smart personal audio shipments fell by 1.7 per cent year on year to 98.1 million units, according to market research firm Canalys.
  • Security threat looms large as 5G set to roll out

    Will 5G promises to give a boost Internet of Things (IoT), Smart Cities and Industry 4.0 for efficient, safer and productive work, better traffic management and infrastructure monitoring and automation in factories, improve the speed of working.
  • Hyderabad: iSprout launches new centre in 85,000 sqft at My Home Twitza

    In Twitza, iSprout provides 1,400 seats on a space of about 85,000 sqft.
  • Hyderabad-based Zenara Pharma launches Covid tablets combi-pack

    Hyderabad: Hyderabad-based formulation manufacturing company Zenara Pharma, a subsidiary of Biophore India Pharmaceuticals, has announced that it has launched Nirmatrelvir and Ritonavir tablets in a combi-pack as a treatment option for patients with mild to moderate symptoms of Covid-19. It had received approval from the Central Drugs Standard Control Organization (CDSCO) to manufacture and market […]
  • AGI Greenpac to streamline ESG goals

    PwC will help AGI Greenpac innovate, develop and implement new management systems that comply with environmental and safety aspects.
  • Automobile sales in India jump by 17 per cent in August: SIAM

    Overall automobile sales rose to 18,77,072 units in August 2022 as against 15,94,573 units sold in August 2021.
  • Sensex reclaims 60k level in early trade; Nifty tests 17,900

    The 30-share BSE Sensex climbed 431.58 points to 60,119.80 in early trade. On similar lines, the broader NSE Nifty went higher by 127.2 points to 17,925.95.
  • Rupee rises 8 paise to 79.61 against US dollar in early trade

    At the interbank foreign exchange, the domestic unit opened at 79.66 against the dollar, then touched 79.61 in initial deals, registering a gain of 8 paise over its previous close.
  • RBI’s digital rupee pilots this year

    RBI has already announced that it will pilot Central bank digital currency, the digital equivalent to the rupee, this year, read here to know what it means.
  • Adani’s open offer for NDTV shares to begin on Oct 17

    The Adani Group has made an open offer for 26 per cent stake in the satellite channel company NDTV at Rs 294 per share with a face value of Rs 4.
  • Telangana’s IT sector thrives despite no ITIR

    Even after the BJP-led Government scrapping an already sanctioned ITIR, Telangana continues to nurture the IT landscape and it reached a point where one in every three jobs created across India is from Telangana.
  • NRAI to host Indian Restaurant Conclave 2022 in Hyderabad

    Sampath Tummala, Hyderabad Co-chapter Head, NRAI, Shankar Krishnamurthy, Hyderabad Chapter Head, NRAI, and Shaaz Mehmood, Chapter Founder NRAI Hyderabad announcing the hosting of India's Largest Restaurant Industry Conclave in Hyderabad on Wednesday.
  • Office portfolio expansion on cards as 63% of businesses back to office on hybrid basis

    About 38 per cent of the firms— of which half of them belong to the technology sector— indicated that they are planning to expand their portfolio in the next 6 to 18 months by leasing both traditional and flex spaces.
  • India needs to be self-reliant in semi-conductor technology: Adani

    Addressing the India Ideas Summit organised by US-India Business Council, he said that US' help would be critical in helping India become self-reliant in semi-conductor manufacturing.
  • Adani to build 3 giga factories as part of USD 70 bn green investment

    Adani group is stepping up investments across the green energy value chain as it aims to become the world's top renewable energy producer by 2030.
  • Inflation has eased to manageable level; job creation, growth remain priorities: FM

    Job creation and equitable distribution of wealth remain the other focus areas, she said at India Ideas Summit here.
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