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Hyderabad: Laurus Labs reported a 44 per cent year-on-year dip in its net profit for the third quarter of FY22 at Rs 154 crore, while its total net revenue decreased 20 per cent year-on-year at Rs 1,029 crore. EBITDA saw a 33 per cent decline year-on-year at Rs 290 crore. For the nine months ended […]
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Hyderabad: Elders living in Hyderabad can now get access to a full suite of services as ElderAid in association with Cura Servitium has been launched in the city. ElderAid Wellness Pvt. Ltd. is an end-to-end, ‘proxy child’ service set up by Dr Vandana Nadig Nair and Santosh Abraham in 2015 to serve senior citizens. The Bengaluru […]
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The electric vehicle manufacturer's CEO Elon Musk confirmed during Wednesday's fourth-quarter earnings call that production and first deliveries of the futuristic pickup are not expected this year.
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According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent.
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New Delhi: Imagine Marketing, owner of consumer electronics brand BoAt, has filed a preliminary prospectus with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares, aggregating up to Rs 900 crore and an offer for sale aggregating up […]
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Hyderabad: Telangana’s startup ecosystem builder T-Hub has announced grant disbursement to Indian startups in partnership with MeitY (Ministry of Electronics and Information Technology) on Thursday. About 13 startups from the hardware and IoT sector were selected from across the country for Digital India’s Scale Up programme to receive a grant of Rs 7.5 lakh each […]
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The benchmark Sensex was trading at 56,805.17 points at around 11 am, which is 1052.98 points or 1.82 per cent lower from its previous day's close at 57,858.15 points.
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Hyderabad: Skyroot Aerospace completed its bridge round to its Series-B. The $4.5 million (about Rs 34 crore) bridge round was led by Ram Shriram through his Venture Capital firm Sherpalo Ventures; and co-led by Wami Capital, existing investor Neeraj Arora (former-WhatsApp CBO) and former Google executive Amit Singhal. Skyroot earlier in 2021 raised a $11 million […]
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Visakhapatnam: RINL-Visakhapatnam steel plant has achieved a net profit of Rs.790 crore during the first nine months of the current fiscal. Disclosing during the 73rd Republic Day celebrations at Ukkunagaram here on Wednesday, RINL chairman and managing director Atul Bhatt congratulated the RINL collective who worked together to achieve record production at all major production […]
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Hyderabad: Hyderabad-based adtech company Brightcom Group reported its consolidated revenues rising 130.08 per cent year-on-year (YoY) at Rs 2,021 crore, and the net profit rising 167.99 per cent at Rs 371 crore YoY, for the third quarter of the current fiscal. The overall performance was supported by the increased consumer usage of digital media and digital […]
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Hyderabad: Startups and entrepreneurs can now get an opportunity to secure an all-expense-paid trip to Silicon Valley, a global centre of technological innovation and entrepreneurship. The Wadhwani Foundation and National Entrepreneurship Network (NEN) announced the launch of Wadhwani Takeoff Programme that provides aspiring entrepreneurs with an opportunity to learn from the Silicon Valley startup ecosystem. The […]
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According to Samsung, the company will set an epic new standard for smartphones with the most noteworthy S series ever created.
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Hyderabad: India’s approach to budget making has several fault lines. Budget making is about optimal resource allocation, and this allocation must be treated both as a fuel and instrument for holistic development. The system must create checks and balances to develop a robust framework and ensure allotment is translated into impact. However, there is a […]
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Hyderabad: Enterprise HR Tech company Darwinbox, headquartered in Hyderabad, raised $72 million (about Rs 533 crore) funding in a round led by Technology Crossover Ventures (TCV) along with participation from existing investors Salesforce Ventures, Sequoia, Lightspeed, Endiya Partners, 3One4Capital. Darwinbox now has plans to double its manpower from the current 700 to more than 1,400 […]
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Hyderabad: Our Food, an agritech startup based in Hyderabad, which deals with innovative, low-cost, and decentralised mini food processing units, raised $6 million (about Rs 45 crore) in growth funding. The company plans to ramp up operations, increase manufacturing capacity and improve the agricultural food supply chain. This funding round is led by existing investor, […]
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Hyderabad: US-based Ceremorphic Inc has set up its first development centre in Hyderabad, spread over 35,000 sq ft, which can accommodate 350 people. The company currently employs 140 people, and by the end of 2024, plans to employ 400 people out of its Hyderabad Development Centre. The company plans to invest $10 million (over Rs […]
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Mumbai: The Indian equities markets witnessed volatile trading with negative bias on Tuesday with benchmark Sensex slumping around 1000 points just after opening and briefly trading into positive terrain. After losing 1545.67 points or 2.62 per cent on Monday, the 30 stock S&P BSE Sensex of the Bombay Stock Exchange opened the trade in the […]
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Hyderabad: The startup ecosystem in Hyderabad is growing and adding another feather to this cap is a Hyderabad headquartered company that has joined the unicorn club. City-born HR tech platform Darwinbox has raised $72 million (approximately Rs 537 crore) in funding taking the company’s valuation above the $1 billion mark. A unicorn is a privately […]
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Hyderabad: Hyderabad is a key location for Delhivery, a third-party logistics express parcel delivery company, both in terms of logistics business as well as technology development. A source said, “Technology development teams in Hyderabad and Seattle have been actively engaged in the development of Delhivery’s SaaS platform. In addition to technology development, Hyderabad is a […]
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Hyderabad: Isthara Co-Living, a co-living brand and smart food court pioneer has acquired Letsmobility, a software product engineering company. Through this acquisition, Isthara aims to leverage Letsmobility’s private cloud-based microapps platform, Livet, to digitise operations and introduce advanced tech solutions in the fragmented co-living and institutional cafeteria sectors. The acquisition of Letsmobility will enable Isthara […]
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Hyderabad: Hyderabad-based Dinero AI is building a neobank (financial technology platform) that aims to address challenges the young Indians face in terms of personal finance. The company’s app/platform will be launched in February, this year. The company is partnering with various financial institutions including banks, NBFCs and discount brokers. Last month, Dinero established a strategic agreement […]
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At 1.50 a.m., Sensex traded at 57,576 points, down 2.5 per cent or 1,460 points, whereas Nifty at 17,172 points was down 2.5 per cent or 445 points.
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The Audit Committee of ICICI Bank was notified of this incident. Based on Bijapurkar's submission, it is concluded that this was an inadvertent trade made without any intent to violate the Bank's Code on Prohibition of Insider Trading
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Now, the law has been changed in favour of reducing the environmental footprint of digital devices.
