Business

Mumbai: A day after losing over 3 per cent, the Indian equities markets key indices rebounded on Tuesday on the back of strong buying support in FMCG, IT, and energy stocks. The benchmark Sensex was trading at 57,295.31 at around 12.55 pm, which is 889.47 points or 1.58 per cent higher from its previous day’s […]

New Delhi: Yet again, Jio makes a move on Valentine’s Day. This time inviting the competition network users to port out and join the Jio family of over 421 million users. On the occasion of Valentine’s Day, Jio — the largest telecom operator in the country wished its users and also leveraged this opportunity to […]

New Delhi: Adani Groups subsidiary Adani Enterprises on Monday reported an attributable consolidated net loss of Rs 12 crore due to losses in developing business. The company had posted a net profit of Rs 297 crore in Q3FY21. The ccompany’s total income increased to Rs 18,963 crore due to improved realisation on the back of […]

Mumbai: Tata Sons has announced the appointment of Mehmet Ilker Ayci as the new Chief Executive Officer and Managing Director of Air India, an official said here on Monday. Expected to take charge on or before April 1, Ayci (51) until recently was the Chairman of Turkish Airlines and was also on its Board of […]

Mumbai: The sensational Rs 22,842 crore mega loan fraud allegedly perpetrated by the Gujarat-based ABG Shipyard Ltd (ABGSL) did not spare the IPO-bound Life Insurance Corporation of India (LIC) while the ICICI Bank and the IDBI Bank took the worst-hit among other government, private, foreign banks, NBFCs, as per official data. The State Bank of […]

Hyderabad: Hyderabad-based aerospace company Ananth Technologies Limited (ATL) has contributed to the successful launch of Polar Satellite Launch Vehicle-C52 (PSLV-C52) on Monday. The space mission witnessed its different stages harnessed, integrated, tested, and qualified by ATL, a long-time partner of ISRO, under contract with the latter’s Vikram Sarabhai Space Centre (VSSC). The company has been […]

New Delhi: The filing of a draft red herring prospectus (DRHP) by Life Insurance Corporation of India (LIC) has created a “positive buzz in the air” and the public issue will be a very positive development in the history of the country’s largest insurer, Union Finance Minister Nirmala Sitharaman said on Monday. Addressing a media […]

New Delhi: India’s retail inflation for January, which is scheduled to be announced later in the day, might have accelerated to six per cent, the upper tolerance limit of the central bank, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday. “Today’s inflation print is expected to be close to six per […]

New Delhi: Cadlia Healthcare Ltd on Monday said group firm Zydus Pharmaceuticals (USA) Inc has received final approval from the US health regulator to market its generic version of Roflumilast tablets in the strength of 500 mcg indicated to reduce the risk of chronic obstructive pulmonary disease (COPD) exacerbations. Zydus, being one of the first […]

Mumbai: Equity indices opened in red on Monday with Sensex down by 1,256.48 points and Nifty down by 373.10 points. The 30-scrip BSE Sensex was down by 1,256.48 points or trading at 56,896.44 and down by 2.16 per cent at 9.27 am. Similarly, 50-scrip NSE Nifty was trading at 17,001.70 at 9.27 am, down by […]

New Delhi: The Life Insurance Corporation of India on Sunday filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI. The insurer is looking to sell the Centre’s five per cent equity stake in the company via its upcoming IPO, the DRHP document said. The Centre aims to offload a total of 316 […]

Hyderabad: JLL has facilitated a joint venture (JV) between Genpact and Ramky Estates & Farms Limited (REFL), a Hyderabad-based real estate developer, to develop 14.37 acres of land situated at Uppal, Hyderabad. The land parcel owned by IT major Genpact is situated next to their campus in Uppal. The company was looking at expanding its […]

Mumbai: Led by the general government debt, the country’s non-financial sector debt grew 11.9 per cent year-on-year to Rs 371 lakh crore, or 170.2 per cent of GDP, in the September 2021 quarter, even as the indebtedness of the households declined marginally, according to a report. However, this is lower than the previous fiscal, when […]

Hyderabad: Hyderabad-based Kaveri Seed Company reported a net profit of Rs 9.08 crore for the third quarter ended December 31, 2021, as compared to Rs 7.45 crore in Q3FY21, registering a growth of 21.88 per cent. The company’s revenue from operations stood at Rs 102.08 crore as compared to Rs 100.07 crore in Q3FY21, registering […]

Hyderabad: Hyderabad-based Pitti Engineering reported a net profit of Rs 11.52 crore for the third quarter ended December 31, 2021, as compared to Rs 7.26 crore in Q3FY21, showing an increase of 58.68 per cent. The company’s revenue from operations stood at Rs 264.83 crore as compared to Rs 151.32 crore in Q3FY21, registering a […]

Hyderabad: Hyderabad-based Aragen Life Sciences, formerly known as GVK Bio, donated a fully-equipped ambulance to the Government of Telangana (GoT) as part of its CSR activities. A flag-off event of the vehicle was done in the presence of Minister for Health, Medical and Family Welfare & Finance T Harish Rao on Saturday. Ramesh Gambhir, VP, […]

Pune: Renowned industrialist Rahul Bajaj – the doyen of the Bajaj Group – passed away in Pune following a prolonged illness. He was 83. Born in Kolkata in 1938, he was ailing from cancer for a long time and the end came around 2.30 p.m. on saturday. Bajaj had taken charge of the Bajaj Group […]

Hyderabad: Hyderabad is witnessing robust retail growth led by high streets, aggressive expansions, and continued momentum in 2022. There hasn’t been any noticeable impact due to Omicron / third wave and the momentum has continued unabated and retailers are expanding aggressively across all locations. Overall retail demand this year could go up to 1.7-2 million […]

Priced at Rs 19,999, the smartphone comes with MediaTek 5G Dimensity 900 processor, 8GB LPDDR5+3GB virtual RAM, and 6.9 FHD+ Dot-in display with a 120Hz refresh rate and 6000mAh battery.

Hyderabad: Tall buildings that play hide and seek with clouds are touching the sky in Hyderabad. Many property buyers are looking at investing in the topmost floors of these buildings that are called high-rises. With a greater demand for these high-rises many developers are also looking building them even as the city witnessing exponential growth […]

Hyderabad: Dr Reddy’s Laboratories entered into an exclusive sales and distribution agreement with Novartis India for the Voveran range, the Calcium range, and Methergine in India. Under the arrangement, Dr Reddy’s will have exclusive rights to promote and distribute these products in India. The company will use its strengths in promotion and distribution to considerably […]

Hyderabad: Hyderabad-based Balaxi Pharmaceuticals reported a net profit of Rs 12.2 crore for the third quarter ended December 31, 2021, registering a 11 per cent growth compared to Rs 11 crore recorded during the corresponding period of the previous year. The company’s revenue slipped 6.5 per cent to Rs 61.7 crore in the quarter under […]

New Delhi: N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons – the holding company of the salt-to-software Tata Group – for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the […]

Hyderabad: Hyderabad-based electric vehicle maker Atumobile expanded its manufacturing capacity by setting up a new facility in Patancheru, Hyderabad. With the addition of the new unit, the company has increased its production capacity from 25,000 units per annum to 3.5 lakh units per annum. Atumobile set up its first unit in Patancheru in 2020. The […]