Business

Mumbai: Equity benchmark indices opened in the red on Monday with Sensex down by 1432.52 points and Nifty by 410.10 points. At 9:28 am, the BSE Sensex was down by 1432.52 points or 2.64 per cent at 52,870.92. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and […]

Hyderabad: Whether it is facial recognition technology for citizen services or the online attendance of workers, many of the services provided by the State government have gone digital in the last few years. And one Hyderabad-based startup has played a pivotal role in the development of these services and has now expanded its offerings to […]

Hyderabad: Industries Minister KT Rama Rao said Telangana puts India on the world map of advanced high-tech manufacturing. India’s first Display FAB to manufacture the most advanced AMOLED displays is coming up in the State with a whopping investment of Rs 24,000 crore. The Minister on Sunday tweeted, “Historic day for Telangana. Rajesh Exports (Elest), […]

New Delhi: After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned. Earlier, BharatPe’s chief revenue officer Nishit Sharma and head of institutional debt partnerships, Chandrima Dhar, had quit citing personal reasons. “This is to inform that Satyam Nathani has decided to […]

Hyderabad: The Reserve Bank of India has once again increased the repo rate by 50 basis points (bps) thus taking the cumulative hike in rates to 90 bps in a span of just two months. Although this rate hike was on expected lines, many industry analysts and experts suggest that this might impact home buying […]

Hyderabad: Telangana secured investments worth Rs 1,200 crore for an ethanol plant as well as a biogas production units. Bhuvi Biochemicals has come forward to invest about Rs 1,040 crore to set up an ethanol unit. The facility will create employment to about 2,000 people. Another company, Dhatri Biosilicates, will invest Rs 160 crore to […]

Hyderabad: Medical emergency response platform StanPlus appointed Suhas Kulkarni as the Chief Technology and Product Officer. In this role, Kulkarni will be the driving and building technology-led applications. Earlier, Kulkarni was the Engineering Lead at Uber where he was building a technology stack and solving scale problems. He has also previously worked for Oracle, SocialCode, […]

Mumbai: Equity benchmark Sensex declined nearly 600 points in early trade on Friday, following weakness in IT, banking and finance stocks amid sluggish investor sentiment in global markets. Besides, a weaker rupee also weighed on the domestic equity markets, traders said. The 30-share index was trading 597.2 points or 1.08 per cent lower at 54,723.08 […]

Mumbai: The rupee depreciated 8 paise to a record low of 77.82 against the US dollar in opening trade on Friday, tracking the strength of the greenback in the overseas market. At the interbank foreign exchange, the rupee opened on a weak note at 77.81 against the American dollar, then lost ground to quote at […]

Hyderabad: Real estate major My Home Group launched its flagship residential project – My Home Sayuk. It is located located at Gopanpally to Tellapur Road, with a proximity to IT and Financial District, Gachibowli and Hitec City. The project will have 3,780 flats in 12 towers. Six towers are open for booking now. My Home […]

Hyderabad: Hyderabad-based vernacular short news app, Way2News, has raised $16.75 million (about Rs 130 crore) as part of its Series-A round from investors WestBridge Capital and from venture capitalist Sashi Reddi. This marks WestBridge Capital’s debut investment in the media and entertainment sector in India. The company plans to use the fresh capital to expand […]

Mumbai: The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers due to harassment by a few of the operators of digital lending apps. “I think […]

New Delhi: Sounding a note of caution, Chief Economic Adviser V Anantha Nageswaran said on Thursday that the crypto currencies have yet to pass the test to become fiat currency and at the same time it would be difficult to regulate them. He further said that unlike fiat money, crypto currencies cannot satisfy basic requirements […]

Mumbai: Equity benchmark Sensex fell over 277 points in opening trade on Thursday, tracking losses in index majors Asian Paints, TCS and HCL Tech amid a negative trend in global markets. The 30-share BSE gauge was trading 277.91 points or 0.51 per cent lower at 54,614.58 in early trade. Likewise, the Nifty declined 76.40 points […]

Mumbai: The rupee slipped 10 paise to 77.78 against the US dollar in early trade on Thursday, as elevated crude oil prices and persistent foreign capital outflows weighed on investor sentiments. At the interbank foreign exchange, the rupee opened at 77.74 against the American dollar, then lost ground to quote at 77.78, registering a fall […]

Mumbai: Home, auto and other loan EMIs will rise after the Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points (bps), the second increase in five weeks, to rein in a rise in prices that was seen continuing to hurt consumers in the near term. The increase in […]

New Delhi: With the aim to empower photography enthusiasts, Fujifilm India on Wednesday launched a premium instant camera — Instax Mini Evo — that comes with 100 combinations of shooting effects. Priced at Rs 22,999, the new Instax Mini Evo will be available at all leading e-commerce platforms and with authorized offline Fujifilm retail partners. “At […]

New Delhi: Taking into account the increase in prices since the housing loan limits were last revised and considering the customer needs, central bank Reserve Bank of India decided to increase the existing limits on individual housing loans by the cooperative banks. Accordingly, the limits for Tier I or Tier II urban cooperative banks shall […]

Mumbai: The Reserve Bank of India (RBI) on Wednesday proposed to allow the linking of credit cards to the Unified Payments Interface (UPI) platform. After the Monetary Policy Committee (MPC) meeting RBI Governor Shaktikanta Das announced that the implementation will start with the indigenous RuPay credit cards. “At present, UPI facilitates transactions by linking savings/current […]

Moscow: Following a freeze on activities in Russia earlier this year, IBM CEO Arvind Krishna has informed employees that the company is ending all operations in the country and has begun laying off employees. In a letter shared with the employees, Krishna stated that the company’s focus for months has been on looking after the […]

Mumbai: The rupee strengthened by 9 paise to 77.69 against the US dollar in opening trade on Wednesday, ahead of the Reserve Bank of India’s monetary policy decision. A weak trend in domestic equities, surging crude oil prices and unabated foreign fund outflows capped the appreciation bias of the rupee, forex dealers said. The RBI’s […]

Mumbai: Indian stock market’s benchmark Sensex opened 205 points down on Wednesday as the Reserve Bank of India (RBI) increased the policy repo rate by 50 basis points to 4.9 per cent. The 30 stock S&P BSE Sensex fell 205.27 points or 0.37 per cent to close at 54,902.07 points at 10:30 am. The broader […]

Mumbai: The Reserve Bank of India on Wednesday retained its growth projection at 7.2 per cent for the current fiscal on the back of improvement in urban demand and gradual recovery in rural India. Unveiling the third monetary policy for the current fiscal, RBI Governor Shaktikanta Das said the Indian economy remained resilient, and the […]

Mumbai: Reserve Bank of India (RBI) on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months. The rate hike comes on the back of a 40 bps increase effected by RBI […]