Business

Bengaluru: Edtech major BYJU’s on Tuesday named Krishna Vedati as President of Global Growth and Strategic Initiatives, along with rejigging top leadership at K-12 creative coding platform Tynker (which it acquired for $200 million) as part of its US expansion. Vedati, Co-Founder and CEO of Tynker, will report to BYJU’s Co-Founder and CEO Byju Raveendran. […]

Hyderabad: What started as a humble 70,000 sqft building inside the International Institute of Information Technology (IIIT) Hyderabad in Gachibowli has now metamorphosed into a 3,70,000 sqft building bang in the middle of the technology hub in Raidurg. The T-Hub 2.0 will be five times bigger in size and shape and yet the first phase […]

Mumbai: The rupee appreciated 6 paise to 78.27 against the US dollar in opening trade on Monday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, elevated crude prices and persistent foreign fund outflows restricted the rupee’s gain, forex dealers said. At the interbank foreign exchange, the rupee opened […]

New Delhi: Domestic equity indices extended their gains from the previous week and traded sharply higher in the morning session on Monday, in line with strong cues from the US and potential value buying at lower levels. This is the third consecutive session rally in a row. At 9.32 a.m, Sensex was at 53,416.84 points, […]

By Srinivas Bandhakavi Hyderabad: Tata Motors Group (Tata Motors) is a leading global automobile manufacturing company with about 70% of its turnover coming from outside India. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defence vehicles. Mahindra, originally called Muhammad and Mahindra, was established in 1945 by the […]

Hyderabad: The much awaited day is finally here. Chief Minister K Chandrashekhar Rao will be inaugurating T Hub’s new facility on Tuesday. “The best way to predict the future is to create it” – Lincoln Delighted to announce that Hon’ble CM KCR Garu will be inaugurating the new facility of @THubHyd on 28th June giving […]

San Francisco: Car maker Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning, Teslarati reported. The company said […]

Seoul: South Korean tech giant Samsung has reportedly reached an agreement with luxury carmaker BMW to supply the automaker with a few million OLED displays for vehicles. Samsung’s display division will supply OLED panels for BMW models that will enter mass production from 2024 onward, reports Sam Mobile. As per recent reports, the company will […]

Hyderabad: Generating nearly Rs.40 crore turnover in just 50 days could be a challenging task even for established businesses but not for Sirivennela, a Farmer Producer Company (FPC) from Khammam district. A group of women members from different mandals in Khammam district has left many awestruck when they earned a profit of Rs.98 lakh as […]

Hyderabad: Telangana continues to be the preferred destination for many corporate companies to set up their units, stitch partnerships with the State Government and derive mutual benefits. On Saturday, Flipkart signed an MoU with Society for Elimination of Rural Poverty (SERP), Telangana to facilitate market access for Farmer Producer Organisations (FPOs) and Self-Help Groups (SHGs) […]

Hyderabad: The products produced by Self-Help Groups and Farmer Producer Organisations (FPOs) in the State will now go places as Flipkart signed a MoU with Society for Elimination of Rural Poverty (SERP), Telangana to enable market access. This is a first of its kind MoU signed by Flipkart with a State government in the country. […]

New Delhi: Online food delivery platform Zomato on Friday announced it had acquired quick-commerce platform Blinkit for Rs 4,447 crore (about $568 million) in an all-stock deal. Zomato already owned more than 9 per cent stake in Blinkit (earlier Grofers). While the earlier Blinkit deal value was around $700 million, the drop in Zomato’s share […]

Hyderabad: Riding on Telangana Government’s push to alternate crops like palm and oil seeds, Hyderabad-based Gemini Edibles and Fats India has decided to set up an integrated edible oil manufacturing plant in Telangana with Rs 500 crore in about 50 acre. It will have a 1,000 tonne per day capacity, said Pradeep Chowdhry, Managing Director […]

New Delhi: Ashneer Grover, who was sacked along with his wife Madhuri Jain Grover by fintech platform BharatPe over alleged financial irregularities, has slammed the Reserve Bank of India (RBI) over its latest directive to non-bank prepaid payment instruments to stop loading credit lines onto their products. In a tweet, Grover said that “not allowing loading […]

Mumbai: Recovering from its record low, the rupee opened 12 paise up at 78.20 against the US dollar on Friday, tracking a pullback in crude oil prices. At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar. In initial trade, the local currency witnessed a high of 78.19 and a low […]

New Delhi: Domestic equity benchmark indices extended their gains from the previous session and rose substantially in morning session on Friday. During the previous session, the indices closed with a gain of around one per cent in volatile trade, guided by strong buying support in auto and IT stocks. “Today, markets are likely to get […]

New Delhi: Leading “chai” (tea) cafe chain Chaayos on Thursday announced it has raised $53 million in Series C funding led by Alpha Wave Ventures. The company said it will use the money for tech-enhancement, hiring and store expansion. The latest round saw participation from existing investors Elevation Capital, Tiger Global and Think Investments. Founded in […]

Mumbai: Recovering from its record low, the rupee inched higher by 9 paise to 78.23 against the US dollar in early morning trade on Thursday. At the interbank foreign exchange, the rupee opened at 78.26 against the American dollar, then inched higher to quote at 78.23, registering a rise of 9 paise from the previous […]

New Delhi: After a substantial slump in the previous session, domestic equity benchmark indices opened on Thursday on a positive note. Sensex slumped 709 points the previous session, dragged by a selloff in heavyweight Reliance Industries shares. “Today, markets are likely to make cautious start amid weak global cues. Traders will be concerned as the […]

Hyderabad: With an aim to develop solutions for some of the critical areas of Indian Railways, the South Central Railways has invited T-Hub with regard to the Startups for Railways initiative. The SCR general manager Arun Kumar Jain met T-Hub CEO M Srinivas Rao and his team for the same. Indian Railways has introduced this […]

Hyderabad: Hyderabad-based technology solutions company Cyient has announced the launch of an AI-powered framework for automated system and software testing (CyFAST) so as to accelerate end-to-end test automation. The platform will enable end-to-end test automation across web, mobile, desktop, and embedded application and hardware devices, providing a comprehensive environment for managing testing projects.| Smart and […]

New Delhi: Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Wednesday. Falling costs of solar modules, which in turn brought […]

Stockholm: Due to rampant inflation, Sweden’s economic growth is expected to dramatically slow down this year and next, according to a report released by the National Institute of Economic Research (NIER). According to the government agency’s latest prognosis on Tuesday, economic growth is projected to slow to 1.9 per cent this year and 1.2 per cent […]

Hyderabad: City-based iGRiD, a direct-to-consumer brand with products in health, electronics and beauty segments, has plans to add more products. It now has 75 stock keeping units and it wants to increase it to 450 this year. Also, it has drawn up plans to set its own manufacturing unit in Hyderabad as the demand increases, […]