Business

Hyderabad: Telangana landed four fresh investments across pet food, chocolates, bakery products and mobility segments. Of them, three have announced cumulative investments to the tune of about Rs 400 crore. One company chose not to disclose the investment size. The investment announcements were made at the launch event of Industries Department’s annual report by Industries […]

New Delhi: The central bank Reserve Bank of India (RBI) cleared the air by saying that it has no proposal to bring about changes to the existing currency and bank notes by replacing the face of Mahatma Gandhi with that of others. “There are reports in certain sections of the media that the Reserve Bank […]

Hyderabad: Kitex Garments, which recently laid the foundation stone for its facility at Kakatiya Textile Park, is now looking to up its investments in the State further and also look for a third location for its unit in addition to the Warangal and Sitarampur in Rangareddy. Kochi-based infantwear maker Kitex, which is the second largest […]

New Delhi: Former Indian skipper Mahendra Singh Dhoni has become the shareholder of the Indian drone company Garuda Aerospace. MS Dhoni has decided to invest in a company that makes Drones and supports the Agriculture ecosystem in the country. Leaving cricket aside, Dhoni has stepped into his next career. After retirement, Dhoni has been involved […]

Mumbai: Share price of Life Insurance Corporation of India (LIC) slumped to a record low of Rs 782.45 on Monday, which is 17.55 per cent down from its IPO issue price of Rs 949. At 1.27 pm on the BSE, Life Insurance Corporation of India’s share was trading 2.01 per cent down at Rs 784.15. […]

Hyderabad: Hyderabad-based global technology solutions company Cyient on Monday announced signing of definitive agreements to acquire Celfinet. An international wireless engineering services company, Celfinet is focused on providing end-to-end network planning and performance optimisation services. Cyient will acquire the Portugal-based company for Euro 41 million, according to a release. With this acquisition, Cyient plans to […]

Mumbai: Benchmark indices continued to fall on Monday, with the Sensex declining 227 points in early trade as investors remained cautious amid unabated selling by foreign funds and elevated crude oil prices. The 30-share BSE Sensex was trading 226.7 points lower at 55,542.53 points. The broader NSE Nifty fell by 67.05 points to 16,517.25 points. […]

Mumbai: The rupee appreciated 4 paise to 77.62 against the US dollar in opening trade on Monday, supported by a weak American currency in the overseas markets. However, muted domestic equities, elevated crude oil prices and persistent foreign fund outflows restricted the rupee’s rise, forex traders said. At the interbank foreign exchange, the rupee opened […]

Mumbai: With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, a hint for which has already been given by Governor Shaktikanta Das, opined experts. There are speculations that the central bank may go for at […]

New Delhi: Tata Motors is gearing up to strengthen its R&D with fresh hiring as well as upskilling of the current employees this fiscal year in order to scale up capabilities across various business verticals, including the electric vehicle segment, as per a top company official. In the EV space, the company is looking to […]

Hyderabad: Sanitation workers, rag pickers and scavengers are the most ignored segment of society. While many startups have come up in the space of waste management and waste recycling, not much has been at the ground level – that is to improve the lives of the lowest segment of the sector. Intending to recognise and […]

Hyderabad: Punjab National Bank organised a MSME customer meet at FTCCI, Hyderabad to create awareness and to offer credit support to MSME entrepreneurs. “We have been supporting the MSME sector with our borrower-friendly schemes. We cater to the financial needs of businesses from manufacturing and service sectors by launching new schemes,” said Mohd Maqsud Ali, […]

New Delhi: India’s services sector activities improved further and expanded at strongest rate in over 11 years in May, supported by a substantial pick-up in new business growth, even as input cost inflation climbed to a record high, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index […]

Mumbai: Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm global trends. The 30-share BSE Sensex was trading 565.66 points higher at 56,383.77. The broader NSE Nifty jumped 159.85 points to 16,787.85. […]

Mumbai: The rupee appreciated 13 paise to 77.47 against the US dollar in opening trade on Friday, supported by a fall in the dollar index and positive domestic equities. At the interbank foreign exchange, the rupee opened at 77.47 against the American dollar, registering a rise of 13 paise from the last close. On Thursday, […]

Hyderabad: Even though the State of Telangana joined the startup party late it was still able to metamorphose the ecosystem in the last eight years and the startups in the State account for around 15-20 per cent of India’s overall startup population. According to the startup portal of Telangana, there are over 6,660-plus startups registered […]

Hyderabad: The Covid-19 pandemic changed our lives – for better or worse. And the startups especially tech-led startups were also not left behind. A study conducted by IIIT-H’s deep tech incubator CIE reveals the impact of technology on its startups during the pandemic and says that startups had to constantly reinvent themselves in order to […]

Seoul/New Delhi: Kia, South Korea’s second-largest automaker, said on Thursday its sales fell 4.9 per cent last month from a year earlier as a global chip shortage affected its vehicle production and sales. Kia sold a total of 234,554 vehicles in May, down from 246,768 units a year ago, the company said in a statement. […]

New Delhi: Close on the heels of the Reserve Bank of India (RBI) recent hike in repo rate by 40 basis points, besides giving indications it would raise further in the upcoming monetary policy review meets, several Indian lenders too have raised their lending rates. On Wednesday, lending major HDFC and PNB Bank raised their […]

Mumbai: The rupee slipped 12 paise to 77.62 against the US dollar in early trade on Thursday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 77.61 against the American dollar, then lost ground to quote at 77.62, registering a fall of 12 paise […]

Mumbai: Indian stock markets’ key indices, Sensex and Nifty, opened with minor cuts on Thursday amid subdued global sentiment. The BSE Sensex fell by 10.35 points or 0.02 per cent to 55,370.82 at 9.37 am while the Nifty 50 shed 21.10 points or 0.13 per cent to 16,501.70 in morning trades. Among the Nifty-50 shares, […]

New Delhi: The gross revenue collection from goods and services tax (GST) surged to Rs 1,40,885 crore in May 2022, posting a year-on-year increase of 44 per cent, the government data showed on Wednesday. This is the third consecutive month when the gross GST collection is over Rs 1.40 lakh crore mark. The gross GST […]

New Delhi: Housing Finance Company HDFC has increased its Retail Prime Lending Rate (RPLR) on housing loans by 5 basis points. The revision would come into effect from Wednesday itself. The upward revision in rates will essentially lead to an increase in EMIs for borrowers. The hike in rates came close on the heels of […]

New Delhi: Top Indian companies have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to $24 billion, continues to be the most valuable brand in the country, a new report showed on Wednesday. Taj Hotels (brand value up 6 per cent to $314 million) is […]