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New Delhi: Future Retail Limited (FRL) counsel on Friday told the Supreme Court that nobody wants to do business with it today as Section 7 of the IBC may come any day, and the company owes landlords thousands of crores in rentals, as Amazon could not get Future Retail, it destroyed the company. Senior advocate […]
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New Delhi: Microsoft has announced to acquire Minit, a leader in process mining technology, for an undisclosed sum. Slovakia-based Minit enables businesses to uncover opportunities for continuous process improvement and better operational efficiency. Microsoft said that the acquisition will further help its customers digitally transform and drive operational excellence by creating a complete picture of […]
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Mumbai: Equity benchmark Sensex jumped nearly 113 points in early trade on Friday, tracking gains in index majors HDFC Bank, Tata Steel and Kotak Mahindra Bank, as a sharp fall in global crude prices and foreign fund inflows boosted investors’ sentiment. The BSE barometer was trading 112.71 points higher at 58,681.22. The broader NSE Nifty […]
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San Francisco: Chip-maker Intel has announced to acquire Granulate Cloud Solutions Ltd, an Israel-based developer of real-time continuous optimisation software, reportedly for up to $650 million. The acquisition will help cloud and data centre customers maximise compute workload performance and reduce infrastructure and cloud costs, Intel said in a statement late on Thursday. “Granulate’s cutting-edge […]
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Hyderabad: Bharat Dynamics Limited (BDL) and Tawazun Economic Council (TEC), United Arab Emirates, have exchanged Memorandum of Understanding (MoU) to explore new business opportunities in various areas of mutual interest in the field of defence. The MoU was exchanged in the presence of Commodore Siddharth Mishra (Retd), CMD, BDL by P Diwakar BDL Director Technical […]
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New Delhi: Amazon India and SUN Mobility on Thursday announced that they are working together to expand the deployment of EVs integrated with battery swapping technology for its transportation and logistics services. These EVs will contribute to Amazon India’s commitment of adding 10,000 electric vehicles in its India delivery fleet by 2025, announced in 2020. […]
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At 9:25 am, the BSE Sensex was up by 16.66 points or 0.03 per cent at 58,700.65.
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New Delhi: Fuel prices continue to rise with petrol and diesel rates rising by another 80 paise per litre each on Thursday, netting an increase of about Rs 6.40 a litre in nine revisions in 10 days so far. In the national capital, petrol now costs Rs 101.81 per litre, while diesel is selling at […]
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Hyderabad: The new financial year has arrived. While one has time for tax related planning, it will be prudent to develop a habit of keeping a tab on the income and the spending. The Income Tax department last year introduced an Annual Information Statement (AIS) that captures various transactions. Currently, Form 26AS displays TDS/TCS transactions […]
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The company is also looking to capture 10 per cent of the market in the next three years in the 4-stroke engine segment and these motors are priced between Rs 1.8 lakh for 6 hp and Rs 23 lakh for 250 hp.
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Hyderabad: The construction costs are on an upward spiral due to higher inputs costs due to supply constraints. The rising fuel costs too are increasing the landing costs of materials like the bricks, sand, cement and tiles among others. Further, the increase in prices of copper and aluminum too are impacting the prices of the […]
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New Delhi: Motorola has emerged as the third largest smartphone brand in the US for 2021 for the first time, as it gained from LGs decline. According to Counterpoint Research, this is the first time ever that Motorola, with over 10 per cent market share, has become the third original equipment manufacturer (OEM) in the […]
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Mumbai: Equity benchmark indices opened in the green on Wednesday with Sensex up by 440.34 points and Nifty up by 117.30 points. At 9:51 am, the BSE Sensex was up by 440.34 points or 0.76 per cent at 58,383.99. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, […]
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Hyderabad: Petrol and diesel prices were on Wednesday hiked by 91 paise a litre each, taking the total increase in rates in the last nine days to Rs 5.60 per litre. The price of diesel in the city went up by 87 paise per litre on Wednesday. Rates have been increased across the country and […]
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New Delhi: Petrol and diesel prices were on Wednesday hiked by 80 paise a litre each, taking the total increase in rates in the last nine days to Rs 5.60 per litre. Petrol in Delhi will now cost Rs 101.01 per litre as against Rs 100.21 previously while diesel rates have gone up from Rs […]
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Hyderabad: Hyderabad IT sector that was earlier confined to just the Western corridor is expanding to other areas. From a dedicated IT Tower at Kompally to Genpact and Ramky Estates announcing development of 14 acres of land in Uppal, the northern and eastern corridors are seeing the much-needed growth in Hyderabad. All of this is […]
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Hyderabad: The total deposits in banks in Telangana touched Rs 6.03 lakh crore as of December 31, 2021. The advances grew by Rs 25,889 crores (or about 3.81 per cent) during the December quarter to touch Rs 7.06 lakh crore. The credit-deposit ration increased from 110.1 per cent to 117 per cent as of December […]
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Hyderabad: SuperK, a tech-enabled grocery retail chain for small towns, has raised $5.5 million (about Rs 41.2 crore) in its pre-series A round. The round was led by venture capital investment firm 021 Capital with participation from other investors. SuperK plans to use this for expansion, enhancing technology and supply chain infrastructure.Poor sourcing and lack […]
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Hyderabad: Innovation hub and ecosystem enabler T-Hub said it has disbursed Rs 1.5 crore to three startups through the T-Fund. Among the selected startups, Perspect.Ai received Rs 1 crore while Millet Bowl and Lauriko received Rs 25 lakh each. T-Fund was set up by the Telangana government under its State Innovation Policy. T-Fund is a […]
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Hyderabad: Suzuki Motorcycle India Pvt Ltd (SMIPL) two-wheelers authorized dealers Padmaja Suzuki inaugurated their new showroom in Vanasthalipuram. It was opened by SMIPL EVP (Sales and Marketing) Devashish Honda and the service centre was opened by SMIPL Zonal Manager (Sales) Pramod Kumar Pandey. The first delivery of the vehicle was done by Varun Group chairman […]
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Hyderabad: Aurobindo Pharma said on Monday that it has acquired the domestic formulation business of Veritaz Healthcare on a slump sale basis. The transaction was agreed at a consideration of Rs 171 crore on a debt-free cash-free basis. The transaction comes into effect from April 1 and is expected to close by May 2022. This […]
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At 1.28 p.m. on Monday, the shares of PVR traded at Rs 1,875, up 3 per cent, whereas INOX Leisure at Rs 519, up over 10 per cent.
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The Finance Minister informed the House that as part of the accounting process, banks make a provision for the money which is due from the NPA account and in that process we call it as the writing off.
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According to reputable Apple analyst Ming-Chi Kuo, the main reason for the larger and more prominent camera bump is due to upgrading the rear camera to 48MP, reports MacRumors.
