Business

New Delhi: The Income Tax Department has notified the cost inflation index for the current fiscal to calculate long-term capital gains arising from the sale of immovable property, securities and jewellery. The cost inflation index (CII) is used by a taxpayer to compute gains arising out of the sale of capital assets after adjusting for […]

Los Angeles: At a time when Wall Street doesn’t have much good news coming out of it, Goldman Sachs predicts a booming decade for the music industry, with total music revenue to double to about $131 billion by 2030, says ‘Variety’. The investment banking and financial services company’s annual ‘Music in the Air’ forecast predicts […]

San Francisco: Ford Motor has recalled nearly 49,000 Mustang Mach-E electric crossovers over battery safety concerns, and told dealers to temporarily halt selling the popular electric vehicle. The battery safety defect may render the vehicle immobile. The malfunction involves a potential overheating of the vehicle’s battery high-voltage contactors, which can lead the vehicle to fail to […]

New Delhi: The Union Cabinet on Wednesday approved the Telecom department’s proposal to conduct a spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. A total of 72097.85 MHz of spectrum with a validity period of 20 years will be put to auction to […]

New Delhi: Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn. Brian Armstrong, CEO and co-founder said that while the company tried its best to get this just right, in this case, it is now clear that it is over-hired. […]

Mumbai: The Indian stock market opened in green on Tuesday with less than 0.5 per cent slump in the key indices, Sensex and Nifty. The 30 stock S&P BSE Sensex rose by 43.76 per cent points or 0.08 per cent to close at 52,737.33 points at 9.17 am The broader Nifty 50 of the National […]

Hyderabad: Delayed payments are a challenge for MSMEs. Ketan Gaikwad, Managing Director and CEO, Receivables Exchange of India Limited (RXIL) explains to Telangana Today how TReDS platform improves cash flows of sellers or suppliers in the MSME segment. What is RXIL? RXIL is a joint venture between Small Industries Development Bank of India (SIDBI), the […]

Hyderabad: Leading importers and distributors of newsprint and paper Poddar Global Private Limited brought a chartered break bulk vessel M/V LADA carrying standard newsprint from Russia. This is to ease the tightening newsprint supplies to Indian newspapers, It arrived at Mumbai Port on June 5. It is the first time after 25 years Russia has […]

Hyderabad: Cloud data protection and management company Druva has announced that it has increased its India headcount by 50 per cent in the last two years and, particularly, in Hyderabad it has expanded its research and development footprint. In the city it is focused on tapping the region’s cloud expertise to bolster its research, development, […]

Hyderabad: After a virtual concert and the launch of a policy – Telangana’s SpaceTech policy – on a metaverse, this Hyderabad-based startup has now unveiled India’s first multiplex on its Partynite Metaverse platform. Conceived by Bharti Airtel and developed by city-based startup Gamitronics, the Xstream multiplex is an extension of Airtel’s Xstream Premium offering. Airtel’s […]

New Delhi: Dr Reddy’s Laboratories on Tuesday said it has launched Sorafenib tablets, used in the treatment of various cancers, in the US market after getting approval from the US Food and Drug Administration (USFDA). “We are pleased to launch this important generic product, illustrating our continued commitment to bring affordable generic medicines to market […]

Hyderabad: Johnson Controls, which is into smart, healthy and sustainable buildings, on Tuesday announced the opening of its OpenBlue Innovation Centre for engineering and excellence in Hyderabad. It also announced to set up its manufacturing unit in Hyderabad in days to come. The decision to set up its manufacturing unit was announced instantaneously after Industries […]

San Francisco: Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago. It was hovering around Rs 20,000-Rs 21,000 per BTC as the global crypto market crashed owing to the weak macroeconomic environment and systemic risk from within the crypto space. Bitcoin has fallen […]

Mumbai: The rupee rebounded from its all-time low level and inched higher by 2 paise to 78.02 against the US dollar in opening trade on Tuesday. At the interbank foreign exchange, the rupee opened at 78.02 against the dollar, registering a rise of 2 paise over its previous close. In initial deals, the domestic unit […]

Mumbai: Equity benchmarks fell for the third day running on Tuesday, with the Sensex tumbling 375 points in early trade, tracking weak global markets as investors remained cautious ahead of the Federal Reserve meeting outcome. Unabated foreign fund outflows continued to weigh on the domestic equity markets. The 30-share BSE benchmark was trading 374.72 points […]

Hyderabad: The United Arab Emirates-based company META4 on Monday announced to invest Rs 250 crore to set up an electric two-wheeler manufacturing plant in Telangana. The plant will help create nearly 500 direct and 2,000 indirect jobs in the state. The Telangana government will provide 15 acres of subsidised land in the national investment and […]

New Delhi: Equity investors became poorer by over Rs 9.75 lakh crore in two days of heavy decline in the equity market, with the Sensex plunging 1,457 points on Monday. The 30-share BSE benchmark tanked 1,456.74 points or 2.68 per cent to settle at 52,846.70 on Monday. It had ended 1,016.84 points or 1.84 per […]

New Delhi: India’s retail inflation for May moderated from the previous month and came in at 7.04 per cent. However, it remained above RBI’s 6 per cent upper tolerance band for a fifth month in a row, data released on Monday showed. The retail inflation stayed well above the RBI’s tolerance limit due to high […]

Hyderabad: Biliti Electric, which currently operates through an exclusive manufacturing partnership with Hyderabad-based Gayam Motor Works (GMW) for manufacturing its three-wheelers, has announced financial approval from SIDBI for the Taskman Electric three-wheeler autos. The company said that the Small Industries Development Bank of India (SIDBI), has approved to sanction loans to those who are interested […]

Hyderabad: From wearing multiple crowns of the country’s information technology, pharmaceutical and startup hubs to being renowned for its active aerospace and defence ecosystem, Hyderabad on Monday put in its cards to make a mark in the automobile technology sector with one more global firm choosing the city to set up shop. American automotive aftermarket […]

Mumbai: The Indian rupee slumped below 78 against the US dollar on Monday dragged by foreign fund outflows amid selloffs in the stock markets. The rupee breached the 78 mark against the US dollar for the first time. At the interbank foreign exchange market, the partially convertible rupee started the day at 78.14 per dollar […]

Bengaluru: While Elon Musk has announced not to bring Tesla cars to India unless his demands are met, the rich and the famous are not deterred from importing a Tesla vehicle to the country. A privately imported long-range model of Tesla Model Y on the street of Bengaluru has now surfaced online. In the posts […]

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 […]