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Home  Business

Business

Services sector employing one third of workforce in Telangana

Services sector employing one third of workforce in Telangana

  • CtrlS certified as Great Place to Work

    Hyderabad: Hyderabad-headquartered CtrlS Datacenters has been certified as a Great Place to Work for the fourth year in a row. In addition to high employee satisfaction and lower attrition, the company had a positive bearing on its customers reflecting in the net promoter score (NPS) of 70, which is regarded as the best in the […]
  • Accel India to roll out second cohort of startup programme

    Hyderabad: Venture capital company Accel is inviting applications for the second cohort of the Atoms programme. Early-stage startups can apply to be a part of the programme on atoms.accel.com. Applications are open for Southeast Asian startups as well. Accel has 14 startups (including Hyderabad-based Material Depot) that were part of the first cohort of its […]
  • USA largest importer of goods from Telangana

    Hyderabad: During 2020-21, Telangana exported merchandise goods worth Rs 64,539 crore. Pharmaceutical goods and organic chemicals constituted 65 per cent of the total goods exported. The USA was the largest importer of goods from Telangana, importing over 26.3 per cent of all exports by value, said Telangana Socio Economic Outlook 2022. In the year 2021-22 […]
  • Crypto investment platform Giottus targets one crore customers by 2023

    Hyderabad: Crypto investment platform Giottus is aiming for an exponential growth to reach one crore customer base within next one year. The company is forging partnerships with global cryptocurrency exchanges and is widening its offerings. Cities such as Mumbai, Delhi and Hyderabad are driving volumes for the platform while there is also demand from non-metros. […]
  • Over 13,630 industries commence ops; get Rs 1.07 lakh cr investment

    Hyderabad: About 13,630 industries out of the 17,920 industries have got the clearances under the State’s industrial policy TS-iPass have commenced their activities. They have provided employment to 8.17 lakh people and have brought in an investment of Rs.1.07 lakh crores. Another 4,982 industries are going to commence their operations shortly, said Finance Minister T […]
  • Infrastructure push to boost Telangana’s growth: Knight Frank official

    Hyderabad: The Telangana Finance Minister T Harish Rao on Monday introduced the State budget in the State Legislature with an outlay of Rs 2,56,958 crore. The budget laid out for FY23 is balanced for all segments and robust given the current state of affairs, and has significant allocations towards roads, canals, sewerage treatments, irrigation and […]
  • Rising dollar to make import of electronics, pharma products costlier

    Hyderabad: The rupee hit an all-time low of nearly 77 a dollar on Monday after Brent crude – the global oil benchmark – surged to settle around $ 130 after touching $ 139 a barrel. The prices of crude at this point of time are the highest level since July 2008 after the US said […]
  • pTron to set up new facility in Hyderabad

    Hyderabad: Hyderabad-based digital lifestyle and audio accessories company pTron is ramping up capacities and is in the process of setting up a new R&D and manufacturing facility in Hyderabad. The company is also reaching out to customers through omnichannel route to increase its market share. pTron offers a range of mobile accessories such as bluetooth […]
  • Board acted quickly, decisively: BharatPe co-founder on unseating Grover

    BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions, including clawing back of some of his shareholding.
  • Apple may launch iPhone SE, iPad Air on Tuesday

    The tech giant has a large raft of rumoured products set to launch throughout 2022. While some are expected to arrive later in the year, such as the usual fall "iPhone 14" refresh, there's a collection of products that could appear at this earlier event.
  • Microsoft to invest Rs 15,000 crore to set up datacentre region in Hyderabad: KTR

    Hyderabad: Telangana has been attracting a slew of investments since it was formed and now it has got one of its biggest foreign direct investment (FDI) with technology giant Microsoft all set to invest Rs 15,000 crore for its largest datacentre region of India in Hyderabad. IT Minister K T Rama Rao said Microsoft would […]
  • Indian economy to incur additional $70 billion burden in FY23 on rising crude prices

    New Delhi: Indian economy is expected to incur an additional $70 billion burden (or 1.9 per cent of the country’s GDP) in FY23 as compared to the current fiscal at an average crude price of $120 per barrel, said brokerage house Kotak Securities. Steep crude prices will pose stiff challenges in the form of higher […]
  • MG Motor launches all-new ZS EV at Rs 21.99 lakh

    New Delhi: MG Motor India on Monday said it has launched the all-new version of ZS EV in the country with price starting at Rs 21.99 lakh (ex-showroom). The all-new ZS EV will be available in two variants — Excite and Exclusive, priced at Rs 21.99 lakh and Rs 25.88 lakh, respectively. The company said […]
  • M2 Silicon Chip evidence spotted ahead of Apple event

    Mark Gurman in his latest Power On newsletter said a "developer source" has informed him that in recent weeks, Apple has been testing a chip with an eight-core CPU and a 10-core GPU across multiple Macs on the latest macOS beta, reports MacRumors.
  • Brent crude up $10, shares sink as Ukraine conflict deepens

    Brent crude oil briefly surged over $10 to nearly $130 a barrel early Monday. Benchmark U.S. crude was up nearly $9 at more than $124 a barrel.
  • Bollywood actor Sara Ali Khan makes investment in The Souled Store

    In August last year, the start-up had raised Rs 75 crore in a Series-B funding round led by Elevation Capital.
  • Inflationary fears: Rupee hits record low at over 77 to USD

    Accordingly, rising prices of crude oil along with other commodities triggered by the Russia-Ukraine war had kept a weak pressure on the rupee.
  • Equity indices open in red, Sensex plunges 1493 points

    The 30-scrip BSE Sensex was down by 1493.02 points or trading at 52840.79 and down by 2.75 per cent at 9.30 am.
  • Microsoft acquires AI giant Nuance for $16 billion

    San Francisco: Tech giant Microsoft has completed its $19.7 billion of Nuance, a company that specialises in artificial intelligence that also has a strong foothold in the medical industry. Microsoft initially announced its agreement to purchase Nuance for $19.7 billion back in April 2021. The deal has since gone through the required regulatory approvals, reports […]
  • Govt may defer LIC IPO to next fiscal amid Ukraine crisis: Experts

    New Delhi: The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers’ interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) […]
  • Skoda set to play part in India green mobility space, mulls EV launch

    New Delhi: Czech carmaker Skoda is mulling to drive in electric vehicles in the Indian market as it expects the green mobility segment to pick up significantly in the country over the next few years, according to a senior company official. The automaker, which is witnessing a turnaround in its domestic business, however, has no […]
  • Amul expects 18 pc growth in turnover to around Rs 46,000 cr this fiscal

    New Delhi: India’s leading dairy cooperative GCMMF, which markets dairy products under the Amul brand, is expecting an 18 per cent growth in its turnover this fiscal year to around Rs 46,000 crore on better demand, its Managing Director R S Sodhi said. Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) had posted a marginal growth […]
  • Mastercard, Visa suspend operations in Russia after invasion

    New York: Mastercard and Visa are suspending their operations in Russia, the companies have said, in the latest blow to the country’s financial system after its invasion of Ukraine. Mastercard Saturday said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work […]
  • Samsung Galaxy S22 Ultra unveiled in Hyderabad

    Hyderabad: Samsung’s new flagship smartphone Galaxy S22 Ultra Series was unveiled on Saturday, as part of an attempt to enter the Guiness Book of World Records by unboxing the smartphones on the same day and same time globally. The smartphone was unveiled at a pre-launch event held at Hotel Tirdent in Hitech City. Jihong KIM, […]
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