Business

Hyderabad: The real estate industry, which was thriving on low-interest home loans, may hit a small bump post the Reserve Bank of India’s decision to increase the repo rate by 40 bps. While the full impact of the rate hike can only be gauged after a few months, the initial reaction is that it could […]

New Delhi: As India gets its 100th unicorn, Cloud major Oracle on Friday said it is not only nurturing the next breed of startups to expand their footprint but also connecting them with many venture capitalists so that they get the required funding not only in India but globally as well. Kapil Makhija, Vice President-Technology […]

New Delhi: A Lamborghini seems to have blown the lid of a huge front running scandal in a private sector mutual fund. There are now loud whispers of a Rs 1,000 crore scam in a large mutual fund owned by a leading private sector bank involving front running by the fund managers and dealers. The said […]

New Delhi: Jet Airways took to the skies again after a gap of three years. Today, May 5, our 29th birthday, Jet Airways flew again! An emotional day for all of us who have been waiting, working, and praying for this day, as well as for Jet’s loyal customers who can’t wait for Jet to commence […]

Mumbai: The Indian stock market’s benchmark Sensex fell 786.31 points on Friday dragged by heavy selling pressure in the realty and Information Technology stocks. The 30 stock S&P BSE Sensex was trading 786.31 points or 1.41 per cent down at 54,915.92 points at 10:00 am. The broader Nifty 50 of the National Stock Exchange was […]

Hyderabad: A power nap in the afternoon right after lunch is something most of us can only dream about. However, employees of a startup are living this dream. Bengaluru-based sleep solutions brand Wakefit.co has announced a new initiative that allows its employees to sleep for half-an-hour in the afternoon that too at work! In an […]

New Delhi: Home loans are set to become costlier after the Reserve Bank of India’s (RBI) decision to hike the policy repo rate by 0.40 per cent, experts said. In a bid to control inflation, RBI has announced a change in the key lending rates. On Wednesday, the apex bank announced a hike by 40 […]

San Francisco: Google has acquired Raxium, an innovator in single panel MicroLED display technologies, for an undisclosed sum. The acquisition of California-based startup with MicroLED technology will help Google build next generation of augmented/virtual and mixed reality headsets amid the buzz over metaverse. Raxium will join Google’s Devices and Services team. “We’re thrilled to have […]

Mumbai: The rupee appreciated 29 paise to 76.11 against the US dollar in opening trade on Thursday amid weakening of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 76.17 against the American dollar, then gained further ground to quote at 76.11, registering a rise of 29 paise […]

Mumbai: Equity benchmark indices opened in green on Thursday with Sensex up by 428.51 points and Nifty by 135.00 points. At 9:29 AM, the BSE Sensex was up by 428.51 points or 0.77 per cent at 56,097.54. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and also […]

Hyderabad: For Instance, SBI now offers home loans at around 6.85 per cent. For a loan amount of Rs 30 lakh and tenure of 20 years, the monthly EMI now is about Rs 22,990 per month. The total interest payable over the loan term will be about Rs 25,17,510 and the total payments made over […]

If you are thinking of starting a business or startup in India then now is the time because India is in its phase of the startup ecosystem and the whole environment is pro-business nowadays that is favoring aspiring minds and their brilliant ideas. Starting a business is much more than having an idea because there […]

Hyderabad: Aparna Constructions and Estates on Wednesday announced that they have recently launched plotted development project – Aparna Dharti at Dundigal in Hyderabad. This project is the company’s first launch in this fiscal and earlier in January, the brand had announced their gated community Aparna Zenon with an investment of Rs 2,550 crore. Aparna Dharti […]

Mumbai: In a surprise move, the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 per cent with immediate effect. Addressing a press conference, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has unanimously voted to increase the policy repo rate by 40 basis […]

Mumbai: The Indian stock market’s benchmark Sensex was trading 668 points down in the afternoon session on Wednesday dragged by heavy selling pressure in heavyweights Reliance Industries and HDFC Bank. The 30 stock S&P BSE Sensex was trading 668.06 points or 1.17 per cent down at 56,307.93 points at 1.11 pm against its previous session’s […]

Hyderabad: In a first of its initiative in the country, Telangana Government together with industry partners set up hub a ‘Flow Chemistry Technology Hub’ at Dr Reddy’s Institute of Life Sciences (DRILS) on Wednesday. The hub houses various state-of-the-art flow chemistry equipment. It provides hands-on training and promotes scientific capability building. This will ensure greater […]

Bengaluru: E-commerce giant Amazon on Wednesday announced it now aims exports worth $20 billion from India by 2025, thus doubling its goal. In 2020, Amazon pledged to enable $10 billion in cumulative exports from India by 2025. The company said that cumulative exports by the Indian micro, small and medium enterprises (MSMEs) via its ‘Global […]

Mumbai: Equity benchmarks Sensex and Nifty turned choppy on Wednesday, tracking weakness in index heavyweights Reliance Industries, TCS and HDFC Bank amid a mixed trend in global markets. After surging over 200 points in early trade, the 30-share BSE benchmark turned volatile and was trading 27.41 points or 0.05 per cent lower at 57,184.21 in […]

New Delhi: LIC public offer, the country’s biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors. The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth. The LIC initial public offering (IPO), now open for retail and institutional investors, is set to […]

Hyderabad: Hyderabad-based StanPlus, a healthcare emergency response platform, appointed Gurjit Singh as Chief Operating Officer and Founding Member at the company. At StanPlus, Gurjit will be responsible for growth, business, quality, and operations to position StanPlus as a tech-led clinical services organisation playing a role in saving lives. In his previous role, Gurjit was a […]

Hyderabad: LIC IPO in its current form will lead to a loss of more than Rs 50,000 crore as the current share price band severely undervalues the insurance behemoth, said People’s Commission on Public Sector and Public Services (PCPSPS). In a statement, it termed the LIC IPO as nothing short of a scandal and perhaps […]

New Delhi: Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter. According to the government’s Vahan portal data, Ola registered 12,689 e-scooter units in April, higher than the previous segment leader, Hero Electric. Ola registered 39 per cent growth […]

Hyderabad: US-based supplier of tools and equipment Northern Tool Equipment, which had set up its tech centre in Hyderabad in 2021 in partnership with ANSR, is on the way to double its India headcount. The Global Capability Centre (GCC) of Northern Tool Equipment has various capabilities like finance, information technology, marketing, and data analytics along […]

New Delhi: Adani group company, Adani Wilmar has announced it would acquire popular rice brand Kohinoor from McCormick Switzerland GMBH. The takeover will give Adani Wilmar an exclusive rights over the brand Kohinoor Basmati rice along with a’Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio under the Kohinoor Brand umbrella in India, it […]