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Home  Business

Business

Hyderabad-headquartered Darwinbox to double its manpower to 1,400

Hyderabad-headquartered Darwinbox to double its manpower to 1,400

  • Hyderabad-based agritech startup Our Food raises $6 million

    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, […]
  • Ceremorphic sets up India development centre in Hyderabad

    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 […]
  • Sensex, Nifty witness volatile trading; Axis Bank surges 5 per cent

    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 […]
  • Hyderabad headquartered Darwinbox enters the unicorn club

    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 […]
  • Hyderabad key for Delhivery’s logistics and technology development

    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 […]
  • Hyderabad-based Isthara acquires Letsmobility

    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 […]
  • Dinero gearing up to launch finance app next month

    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 […]
  • Indian equities decline widens; Sensex plunges over 1,400 points

    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.
  • Rama Bijapurkar penalised for ‘inadvertent trade’ after resigning from ICICI Bank board

    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
  • Apple to no longer include EarPods with iPhones sold in France

    Now, the law has been changed in favour of reducing the environmental footprint of digital devices.
  • Sony India extends its affordable earbuds range with the launch of WF-C500

    These next generation earbuds are made to deliver a personalized and comfortable experience, the elements that Sony has kept at the core of its development process.
  • Hyderabad-based startup StanPlus raises $20 million

    Hyderabad: Hyderabad-based emergency medical response company StanPlus has raised $20 million in a massive Series A investment. The round was led by marquee investors, including Healthquad, Kalaari Capital, and HealthX Capital Singapore. Pegasus, Sandeep Singhal (Avaana) and Prashant Malik also participated alongside a clutch of angel investors. The round also includes debt funding from N+1 […]
  • Google Pixel 6A likely to launch in May

    As per the usually reliable tipster Max Jambor, the Google Pixel 6A is going to make its bow in May, which is around the time of the annual Google IO 2022 event, reports Techradar.
  • I-T raids on 4 Lucknow businessmen for hawala trade

    The raids were conducted on Sunday. Sources privy to the raids claimed that businessmen had carried out 'Hawala' transactions.
  • India on way to become ‘Pickle King of the World’

    India has exported cucumber and gherkins to the tune of 1,23,846 metric tonnes (MT) with a value of $114 million during the April-October 2021. In 2020-21, India had shipped 2,23,515MT of cucumber and gherkins with a value of $223 million.
  • iPhone 13 ‘pink screen’ issue affects small number of users

    According to AppleInsider, shortly after the release of the iPhone 13 and iPhone 13 Pro lines in late 2021, a small number of users encountered a frustrating situation with their smartphones.
  • Crypto.com users not able to access accounts after $34 million hack

    Thousands of people took to social media to complain that they could not get back into their accounts, begging for help.
  • Sensex, Nifty likely to remain volatile in the run-up to Budget 

    Mumbai: As the countdown to the Union Budget 2022-23 has begun, the Indian equities market is likely to remain volatile in the week beginning Monday. Market participants will try to envisage the reforms and measures that could be announced by Finance Minister Nirmala Sitharaman in the budget to be presented on February 1 and make […]
  • ICICI Bank net profit rises 25% to Rs 6,194 crore

    Mumbai: ICICI Bank on Saturday said its net profit rose to Rs 6,194 crore ($833 million) in the third quarter of the current financial year, posting a year-on-year growth of 25 per cent. The bank’s core operating profit (profit before provisions and tax, excluding treasury income) increased by 25 per cent year-on-year to Rs 10,060 […]
  • ‘Aadha trip’ platform developed by Sircilla man promises to disrupt logistics sector

    Hyderabad: Balaraju Bhusaveni of Sircilla, has developed a platform Aadha Trip, as the name indicates, which helps people to find a transport vehicle to move goods by paying only one way fare. This disrupts the practice of the lorries and goods carriers charging two-way as they have to travel ’empty’ in the return direction. Aadha […]
  • AGI glaspac to commission Rs 400-crore unit in Bhongir on Monday

    Hyderabad: AGI glaspac, a part of Packaging Products Division (PPD) at HSIL Limited, is commissioning a new glass unit in Bhongir, Telangana, with an investment of Rs 400 crore, creating 700 direct jobs and 2,500 indirect jobs. This expansion will expand the total workforce in the company’s glass segment in Telangana to 3,700. The company […]
  • India’s forex reserves rise by $2.22 billion to $634.96 billion

    Mumbai: India’s foreign exchange (forex) reserves rose by $2.229 billion to $634.965 billion for the week ended January 14, 2022, the Reserve Bank of India (RBI) data showed. The forex reserves had declined by $878 million in the previous week. According to the RBI’s Weekly Statistical Supplement, all categories of the forex reserves increased during the […]
  • Jio completes 5G coverage plans for top 1,000 cities in India

    New Delhi: Jio has completed 5G network coverage planning for top 1,000 cities in the country and is augmenting its fibre capacity as well as running pilot across sites, a senior company official said during a presentation. The company has created teams to focus on dedicated solutions for 5G deployment in India, Reliance Jio Infocomm […]
  • Micromax In Note 2 launch scheduled for Jan 25 in India

    The company has shared a short teaser video showcasing its design. The teaser gives us the first look at the In Note 2, revealing a punch-hole display with narrow bezels on three sides and a fairly large chin.
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