Business

New Delhi: Domestic equity benchmark indices extended their gains from the previous session and rose substantially in morning session on Friday. During the previous session, the indices closed with a gain of around one per cent in volatile trade, guided by strong buying support in auto and IT stocks. “Today, markets are likely to get […]

New Delhi: Leading “chai” (tea) cafe chain Chaayos on Thursday announced it has raised $53 million in Series C funding led by Alpha Wave Ventures. The company said it will use the money for tech-enhancement, hiring and store expansion. The latest round saw participation from existing investors Elevation Capital, Tiger Global and Think Investments. Founded in […]

Mumbai: Recovering from its record low, the rupee inched higher by 9 paise to 78.23 against the US dollar in early morning trade on Thursday. At the interbank foreign exchange, the rupee opened at 78.26 against the American dollar, then inched higher to quote at 78.23, registering a rise of 9 paise from the previous […]

New Delhi: After a substantial slump in the previous session, domestic equity benchmark indices opened on Thursday on a positive note. Sensex slumped 709 points the previous session, dragged by a selloff in heavyweight Reliance Industries shares. “Today, markets are likely to make cautious start amid weak global cues. Traders will be concerned as the […]

Hyderabad: With an aim to develop solutions for some of the critical areas of Indian Railways, the South Central Railways has invited T-Hub with regard to the Startups for Railways initiative. The SCR general manager Arun Kumar Jain met T-Hub CEO M Srinivas Rao and his team for the same. Indian Railways has introduced this […]

Hyderabad: Hyderabad-based technology solutions company Cyient has announced the launch of an AI-powered framework for automated system and software testing (CyFAST) so as to accelerate end-to-end test automation. The platform will enable end-to-end test automation across web, mobile, desktop, and embedded application and hardware devices, providing a comprehensive environment for managing testing projects.| Smart and […]

New Delhi: Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Wednesday. Falling costs of solar modules, which in turn brought […]

Stockholm: Due to rampant inflation, Sweden’s economic growth is expected to dramatically slow down this year and next, according to a report released by the National Institute of Economic Research (NIER). According to the government agency’s latest prognosis on Tuesday, economic growth is projected to slow to 1.9 per cent this year and 1.2 per cent […]

Hyderabad: City-based iGRiD, a direct-to-consumer brand with products in health, electronics and beauty segments, has plans to add more products. It now has 75 stock keeping units and it wants to increase it to 450 this year. Also, it has drawn up plans to set its own manufacturing unit in Hyderabad as the demand increases, […]

Hyderabad: GMR Infrastructure Limited (GIL), a listed entity of GMR Group, on Tuesday announced that it would give priority in jobs to Agniveers in its subsidiary Raxa Security Solutions Ltd. Raxa Security Solutions Ltd is a premier security company of the GMR Group and provides man-guarding services, techno security solutions, fire services and cyber security […]

Hyderabad: FMC Technologies has set up a library with books and donated sports materials and a sanitary incinerator to the Zilla Parishad High School in Peerzadiguda of Medchal district as part of its CSR activities. The new library was inaugurated in the presence of the school authorities and FMC officials here on Tuesday. The FMC […]

New Delhi: Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phishing domains and Android-based fake crypto applications. “This large-scale campaign entices unwary individuals […]

Chennai: Travel major Thomas Cook (India) Ltd on Monday said the Sub-Committee of the Board of Directors, has approved the conversion of the balance Rs 132.9 crore Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) held by the promoter Fairbridge Capital (Mauritius) Limited (FCML), into 2.8 crore equity shares. The Company had earlier converted Rs 302 […]

Chennai: About 1,100 workers have resumed work at the Ford India Private Ltd’s Maraimalainagar plant near here even though an agreement between the workers’ union and the management on severance package has not been reached, sources said. “There is no progress in the talks with the management on the severance package. However, workers have started […]

Mumbai: Equity indices started the trade on a firm note on Monday with the Sensex climbing 254 points, but within minutes, the benchmarks pared all early gains to trade in the negative territory. The BSE benchmark was trading with a jump of 253.69 points at 51,614.11 in early trade. The Nifty too gained 69.6 points […]

Mumbai: The rupee strengthened by 12 paise to 77.93 against the US dollar in opening trade on Monday as easing crude oil prices supported the local unit. However, unabated foreign fund outflows, a lacklustre trend in domestic equities and strong American dollar overseas restricted the gain, forex dealers said. At the interbank foreign exchange, the […]

Hyderabad: Premier management institute Indian School of Business (ISB), which has its campuses in Hyderabad and Mohali, is working to create a global corridor for startups. This will allow Indian startups to pursue business opportunities in other countries and vice versa. It also is looking to draft its alumni members as mentors to nurture startup […]

San Francisco: Twitter employees are sceptical about their future after Elon Musk addressed them this week, saying they are doing their best to stay focused on work. The future of Twitter hangs in the balance and employees’ reaction after the virtual meeting with Musk was “mostly negative,” reports The Verge. Musk told Twitter employees that […]

New Delhi: As foreign portfolio investors continue to pull out money from the Indian equity market, the sell-off in the crypto market and the digital asset space has also accelerated in the wake of global economic meltdown. More than $200 billion were wiped off the entire cryptocurrency market this week and the globally crypto market […]

Hyderabad: Covid vaccine maker Bharat Biotech International Limited (BBIL), announced that its Covaxin (BBV152), has proven to be safe, well-tolerated, and highly immunogenic in paediatric subjects in phase II/III study. The study has been accepted and published in Lancet Infectious Diseases, a peer reviewed journal. Bharat Biotech had conducted phase II/III, open-label, and multi-centre study […]

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 […]