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Hyderabad: US-based semiconductor company Ceremorphic recently set up its India Development Centre in Hyderabad. Currently employing 140 people, the company by the end of 2024 plans to employ 400 people at this centre. The company’s founders are pumping in $50 million (over Rs 350 crore) for global expansion, with significant investments lined up in Hyderabad. […]
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Hyderabad: The announcement in the union Budget 2022-23 of introducing flat 30 per cent taxation on income from crypto and digital assets is being seen as a welcome move for innovators and experts working in this field. In her speech, Finance Minister Nirmala Sitharaman said, “There has been a phenomenal increase in transactions in virtual […]
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Hyderabad: Even though the union Budget did not make any major announcements for the overall startup ecosystem, some of the announcements that stood out include forming an expert panel for easing growth of Private Equity/Venture Capital investments and tax incentives for startups extending by one year. The government on Tuesday announced to extend the period […]
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Hyderabad: The union Finance Minister among several healthcare initiatives has proposed to roll out an open platform for the National Digital Health Ecosystem, which will help in strengthening the healthcare services within the country. The increased investment towards health infrastructure and focus on a holistic approach to health is seen as a testimony of the […]
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Hyderabad: The Union Finance Minister Nirmala Sitharaman in her Budget speech announced granting infrastructure status to data centres. The grant of infrastructure status to data centres is expected to provide access to long-term institutional funds, which will promote the investments in the sector. B S Rao, VP, Marketing, CtrlS Datacenters told Telangana Today, “The infrastructure […]
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Hyderabad: There is nothing for the common man, particularly the salaried class. There have been no tax exemptions, deductions or tax proposals that can help employees save tax. These expectations stemmed from the rising cost of living and also higher Covid-related spend. Also, there have been many concerns related to work-from-home, which many hoped will […]
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Hyderabad: The Finance Minister also announced that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore. This will help the MSMEs that have been hit by the pandemic, said Mahesh Desai, Chairman of Engineering Export Promotion Council. The […]
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Hyderabad: Budget 2022’s emphasis on logistics, specifically for the Gati Shakti Plan, reiterates how the logistics sector is integral to the economic and trading activities of India. In India, road transportation dominates the logistics sector, with a majority share of 60 per cent, followed by Railways, which has a 30 per cent contribution. Neeraj Bansal, […]
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Hyderabad: The Union Budget 2022-23 focuses on a long-term plan for the country with digitisation, urban development, and sustainability at its core. For the real estate sector, the budget placed an outlay of Rs 48,000 crores under the Pradhan Mantri Awas Yojana, and construction of 80 lakh homes will facilitate affordable housing. Real estate sector […]
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New Delhi: The Railway Ministry has been allocated Rs 1,40,367.13 crore in the Union Budget on Tuesday – Rs 20,311 crore more than the revised figures of the previous fiscal. Vande Bharat Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the […]
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New Delhi: In further respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more year. To incentivise startups, the government had last year extended the eligibility for claiming tax holidays for startups by a year to March 31, 2022. It had […]
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New Delhi: The government will borrow about Rs 11.6 lakh crore from the market in 2022-23 to meet its expenditure requirement. This is nearly Rs 2 lakh crore higher than the current year’s Budget estimate of Rs 9.7 lakh crore. Total market borrowings of the government for 2022-23 are estimated to stand at Rs 11,58,719 […]
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New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India’s own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to see the light of the day. With this, India will join certain countries that have their own central […]
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Mumbai: The Indian equities markets key indices rose by nearly 1.5 per cent on Tuesday led by broad-based buying support ahead of the presentation of Union Budget 2022-23. The benchmark Sensex surged 1.47 per cent or 850.71 points to 58,864.88 points at 10.30 am, against its previous day’s close at 58,014.17 points. This is the […]
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Hyderabad: Hyderabad-based Granules India said that Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, located in Chantilly, Virginia, USA had undergone a Pre-approval Inspection (PAI) by the US Food and Drug Administration (US FDA) from 24th to 28th January 2022. The audit is a PAI for two of its product applications filed from […]
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Hyderabad: The Telangana AI Mission (T-AIM) is inviting applications to the second cohort of Revv Up startup acceleration programme. Early-stage startups working in Artificial Intelligence (AI) are eligible to participate. It is aimed at sector-agnostic AI startups that are based in Telangana or intending to set up their facility in the State. They can apply […]
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Covid-19 and its continued impact on the country and the health system has drained significant government resources in the last two years. Given the state of the economy and the geo-political environment, Budget is likely to be a watershed moment in providing a direction to India’s path of becoming a $5 trillion economy by 2025, […]
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New Delhi: The central bank’s recent decision to create a discussion paper on digital payment charges has left a murmur in the markets, especially on its potential impact on banks and digital payment players like Paytm. However, analysts said on Monday that the recently-listed Paytm is unlikely to get impacted with these charges. “The digital […]
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New Delhi: Finance Minister Nirmala Sitharaman tabled the economic survey in the parliament on Monday, for the second year running, the Economic Survey was written under the cloud of the Covid-19 pandemic. The Survey was first published in 1950-51 and was initially part of the Budget documents. It was less than 50 pages in the […]
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New Delhi: India’s economic growth is expected to remain in the range of 8 to 8.5 per cent in 2022-23 as against a projected growth of 9.2 per cent in the current financial year and a sharp contraction witnessed in 2020-21, according to the Economic Survey 2021-22 tabled in the parliament on Monday. “With the […]
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Hyderabad: As per the Reserve Bank of India’s (RBI) holiday list, all private and public banks across India will be closed for 12 days in February. However, banking activities and ATMs will continue to function. The RBI characterises holidays based on Holiday under Negotiable Instruments Act, Banks’ Closing of Accounts and Holiday under Negotiable Instruments […]
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New Delhi: India’s smartphone market revenue crossed $38 billion in 2021 with 27 per cent (on-year) growth, as shipments grew 11 per cent to reach 169 million units, a new report showed on Monday. India’s smartphone market retail ASP (average selling price) grew 14 per cent (on-year) to reach its highest ever at $227 (nearly […]
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The global hub will include facilities for manufacturing, research and development, and a Centre of Excellence to train people. Drillmec, a subsidiary company of Megha Engineering & Infrastructures Limited (MEIL) Group
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Mumbai: The Indian equities markets benchmark Sensex surged 786 points on Monday led by strong buying support in IT and energy stocks, a day ahead of the presentation of Union Budget 2022-23. Reversing the trends of the last week’s sell-off the key indices of the Indian stock markets opened with handsome gains on Monday. The […]
