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Home  Business

Business

Automakers to suffer from chip, labour shortages amid new Covid surges

Automakers to suffer from chip, labour shortages amid new Covid surges

  • Union Budget 2022-23: Expectations on changes in income tax slabs and rates

    Nirmala Sitharaman is set to present her fourth union budget on February 1, 2022. Some analysts feel that the finance minister may announce major relief to taxpayers.
  • Hyderabad-based Recordent evolves credit profiling platform

    Hyderabad: SMEs face myriad problems and one among them is the problem of delayed payments by customers. A majority of sellers do not know the buyers’ financial health and keep extending financial credit to them and suffer in the process. Hyderabad-based fintech company Recordent has evolved a software-as-a-service that will do the credit risk profiling, […]
  • ‘Budget should focus on tax reforms, amendments’

    Hyderabad: Budget 2022 provides an opportunity for the Government to narrow the rural-urban gap and strike a balance in reigning inflation and ensuring fiscal prudence. The momentum on the economic recovery and buoyancy of tax collections would need to be sustained, Pradeep Narayanan, partner, BSR & Co (a sub-licensee firm of KPMG in India) tells […]
  • MEIL bags 12 Geographical Areas for CGD project

    Hyderabad: The Petroleum and Natural Gas Regulatory Board (PNGRB) has allotted 12 geographical areas (GAs) to Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) out of the 52 Gas. The PNGRB had called for bids for City Gas Distribution (CGD) projects in 65 Geographical Areas (GA) across India under 11th round of bidding. The results were declared […]
  • Google Cloud announces dedicated team for Blockchain biz

    The Digital Assets Team within Google Cloud will support its customers' needs in building, transacting, storing value, and deploying new products on Blockchain-based platforms.
  • Adani’s Mundra Port handles largest ever container vessel to call on India

    New Delhi: Adani CMA Mundra Terminal Pvt Ltd (ACMTPL) a joint venture between Adani Ports & SEZ Ltd and CMA Terminals at Mundra, berthed APL Raffles, making it the largest container vessel to call India. APL Raffles is one of the largest vessels in the fleet of CMA CGM. Built in 2013, this 1,76,727 DWT, […]
  • Global Woes: FIIs’ pumped out $13.5 billion from Indian equity market

    Mumbai: Higher bond yields as well as a potential US Fed rate hike sparked a global risk-off sentiment, leading to elevated FII outflows in India, said Motilal Oswal Financial Services. According to the brokerage house, $13.5 billion in FIIs’ outflows have taken place in the secondary markets since October 2021. “Domestic equities have also borne […]
  • Tesla selling microphone for in-car karaoke in China

    According to the auto-tech website Electrek, the company has released the microphone that is designed to work with Leishi KTV, a karaoke system that is being included as part of the update.
  • Hyderabad-based Nava Bharat Ventures Q3 net up 18%

    Hyderabad: Hyderabad-based Nava Bharat Ventures reported an 18 per cent year-on-year jump in its consolidated net profit at Rs 190.93 crore for the third quarter ended 31 December 2021, compared to Rs 161.79 crore in the corresponding quarter of the previous fiscal. The company’s consolidated revenues grew 41.6 per cent year-on-year at Rs 1,005.3 crore […]
  • Trends store launched in Achampet

    Hyderabad: Apparel and accessories specialty chain of Reliance Retail, Trends, has launched its new store in Achampet town of Nagarkurnool district in Telangana. The Trends store at Achampet offers fashion merchandise that is relevant to the consumers of the region and at prices that are affordable and seen as value for money. The store’s merchandise […]
  • Gold demand hits highest level in more than two years

    Hyderabad: Demand for gold reached 1,147 tonnes in Q4 2021, its highest quarterly level since Q2 2019 and an increase of almost 50 per cent year-on-year, according to the World Gold Council. The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the Covid-induced losses […]
  • Dr Reddy’s strengthening Covid portfolio

    Hyderabad: Dr Reddy’s is strengthening its Covid portfolio with a range of drugs and vaccine options. The company is in various stages of regulatory clearances for Sputnik Light and Sputnik V booster dose. Phase III clinical trial data of Sputnik Light has been submitted to the Indian regulator. Additional data from clinical trials for Sputnik […]
  • Smart Homes gaining traction among buyers

    Hyderabad: Whether it is to make homes more connected or just to enhance safety, Smart Homes are gaining traction among property buyers. Many new-age buyers who are technologically savvy and are looking for newer gadgets to fill their lives are also looking for smart home automation systems to be ahead of their times. Not just buyers, […]
  • Hyderabad-based Dr Reddy’s Q3 net profit jumps multi-fold to Rs 707 crore

    Hyderabad: Hyderabad-based pharmaceuticals company Dr Reddy’s Laboratories reported a multi-fold increase in its consolidated net profit at Rs 706.5 crore for the quarter ended 31 December 2021, up from Rs 19.8 crore in the corresponding quarter last fiscal. The company’s revenues went up to Rs 5,319.7 crore during the third quarter compared to Rs 4,929.6 […]
  • Bharat Biotech gets DCGI’s nod to conduct intranasal booster dose trials

    The Subject Expert Committee (SEC) of the Central Drugs Standard Control Organisation (CDSCO) had also recommended the internasal vaccine clinical trials during the last meeting.
  • Granules receives nod for potassium chloride for oral solution

    Hyderabad: Granules India said on Friday that the US Food & Drug Administration (US FDA) has approved the Abbreviated New Drug Application (ANDA) filed by Granules Pharmaceuticals, Inc (GPI)., a wholly owned foreign subsidiary of Granules India, for Potassium Chloride for Oral Solution USP, 20 mEq. Potassium chloride is used to prevent or to treat low […]
  • Hyderabad dominates new residential launches

    Hyderabad: Hyderabad dominates new residential launches in 2021 among the top cities of India. The city tops the charts contributing 26.1 per cent of the launches in the country, followed by Pune with 17.6 per cent, Bengaluru with 16.4 per cent and Mumbai with 16.1 per cent. Hyderabad saw the launch of 36,367 units in 2021, […]
  • Lamborghini announces its first NFT

    "This is Lamborghini`s historical first NFT project. In collaboration with the artist Fabian Oefner, Lamborghini developed five art pieces, that will go on auction on February 1," the company said in a statement.
  • Samsung tops global smartphone market in 2021 with 271 million units: Report

    New Delhi: The global smartphone market grew for the first time since 2017, with annual shipments reaching 1.39 billion units in 2021, with Samsung leading the pack with 271 million units, a new report showed on Friday. Despite the 4 per cent annual growth, annual shipments remained below the pre-pandemic level due to continued Covid-19 […]
  • Google acquires 1.28% stake in Airtel, invests up to $1 billion

    The $700 million equity investment in Bharti Airtel is at a price per share of Rs 734, while $300 million will go towards investments in scaling Airtel's offerings that covers a range of devices to consumers.
  • Apple sells iPhone worth $71.6 billion despite supply constraints

    According to the company, thanks to a remarkable customer response to its new iPhone 13 family, it set records in both developed and emerging markets.
  • Apple posts all-time high quarter sales at $124 billion

    The company posted an all-time revenue record of $123.9 billion, up 11 per cent year over year, and quarterly earnings per diluted share of $2.10.
  • Realtors urge Telangana govt to defer market value revision

    Hyderabad: Real estate developers and builders have urged the State Government to defer the revision of market values, citing different reasons, especially covid impact. Prices of building material, including cement and steel have gone up significantly since Covid. In the current scenario, many cases were being reported and people were not stepping out to visit […]
  • Canara Bank Q3 net profit up 115.8%

    Hyderabad: Canara Bank reported a 115.8 per cent jump year-on-year (YoY) in its net profit at Rs 1,502 crore for the third quarter ended 31 December 2021. The bank’s operating profit grew by 10.16 per cent for the period under review. For the nine months ended 31 December 2021, the bank’s net profit grew by […]
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