Business

Hyderabad: There has been a growth in investors looking to invest in mutual funds, stocks and IPOs and Hyderabadis seem to have joined the bandwagon. As per a new survey by an investment platform, more than half of investors in Hyderabad prefer investing in mutual funds and the rest are betting big on stocks and […]

New Delhi: India on Monday welcomed its 100th unicorn, which is Bengaluru-based neobank platform Open, that raised fresh funds as part of its Series D round, taking its valuation to $1 billion. The new round was led by Mumbai-based investment firm IIFL and existing investors Tiger Global, Temasek and 3one4 Capital also participated in the […]

New Delhi: The unbearable heat during summers is beyond our control. But the thing under our control is the room temperature if we have a good air conditioner. Now if you are planning to buy an AC but are worried about the high electricity bills, then relax and take a deep breath. The following list […]

Mumbai: Benchmark equity indices continued to remain weak on Monday, with the Sensex tumbling over 648 points in early trade, tracking selling in index majors Infosys, Reliance Industries and HDFC Bank along with muted global trends. The 30-share BSE benchmark was trading 648.25 points lower at 56,412.62. The NSE Nifty declined 185.3 points to 16,917.25. […]

Mumbai: The rupee appreciated 6 paise to 76.44 against the US dollar in opening trade on Monday amid a pullback in global crude prices. However, a weak trend in domestic equities and a strong dollar in the overseas market capped the rupee’s gains, forex traders said. At the interbank foreign exchange, the rupee opened strong […]

New Delhi: Tata Motors is looking to drive in a range of electric vehicles across various price points with multiple body styles and features in order to cater to a wide range of customers across segments, as per a top company official. The homegrown auto major, which currently leads the domestic electric passenger vehicle segment […]

New Delhi: As the Indian users look for trusted, reliable and long-performing handsets in mid-price range, Samsung has unveiled a range of such smartphones this year, including the all-new Galaxy M53 5G. The smartphone, which is said to offer flagship-inspired features, is priced at Rs 23,999 for the 6GB+128GB and Rs 25,999 for the 8GB+128GB […]

New Delhi: The price of a 19-kg commercial LPG cylinder has been increased by Rs 102.50 on Sunday, which now costs Rs 2,355.50 against the earlier price of Rs 2,253. The 5-kg LPG cylinder is now priced at Rs 655. Earlier on April 1, the price of 19-kg commercial LPG was hiked by Rs 250 […]

San Francisco: The ongoing Covid-19 lockdowns in China are set to make a huge dent in Apple revenue for the April-June quarter as the company has indicated up to $8 billion loss in sales especially owing to the Shanghai lockdown. As Shanghai entered the second month of lockdown and more cities in China face pandemic […]

San Francisco: Apple now has more than 825 million paid subscriptions across Services, up 165 million in the last one year. The iPhone maker said that its Services revenue reached $19.8 billion — a 17 per cent increase (year-over-year). Apple’s Services category includes App Store, Apple TV+, Apple Music, cloud services. During the last 12 […]

San Francisco: After posting disastrous results for its March quarter, streaming giant Netflix has reportedly laid off several experienced journalists and writers working for its entertainment site Tudum which it launched only in December last year. The layoffs come just days after Netflix’s earnings report for the first quarter (Q1) where it lost subscribers for […]

Mumbai: The rupee witnessed a range-bound trading in early trade on Friday as the strength of the dollar in the overseas market and elevated crude oil prices offset the support of positive domestic equities. At the interbank foreign exchange, the rupee opened at 76.62 against the American dollar and moved in a narrow range. It […]

Mumbai: Equity benchmark indices opened in green on Friday with Sensex up by 340.13 points and Nifty by 92.70 points. At 9:28 AM, the BSE Sensex was up by 340.13 points or 0.59 percent at 57,861.19. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and also the […]

Detroit: Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to $999.13. […]

New York: Meta surged 17.6 per cent on Thursday after a buoyant update for the first time since Q4 in February had sent the stock reeling 26 per cent, its worst-day ever. Facebook changed its name to Meta in October 2021, reflecting CEO Mark Zukerberg’s faith in a future of working, playing and studying in a […]

New York: Apple revenue grew nearly 9 per cent on an annual basis in the quarter ending March, with the company bucking investor worries that a deteriorating macroeconomic environment will hurt demand for high-end smartphones and computers. Stocks fell nearly 4 per cent in extended trading after initially rising. Apple Chief Financial Officer, Luca Maestri […]

Hyderabad: Even as the mega IPO of insurance behemoth LIC is set for launch on May 4, serious doubts are being raised about deliberate undervaluation to benefit foreign investors. Investors would get to buy big stakes at heavily discounted prices. On the other hand, various reports indicate that the sale at the current price band […]

Hyderabad: Insurance behemoth, Life Insurance Corporation of India’s initial public offering (IPO) will open on May 4. The government owns 100 per cent stake in LIC, whose total equity is around 632 crore shares. The issue size of the IPO is 22.13 crore shares, which is 3.5 percent of the total number of shares. Its […]

New York: If Elon Musk and Twitter get their way, the company will soon be privately held and under his control. The most obvious immediate change would likely be Twitter’s stock being taken off the New York Stock Exchange. But the company would also likely get freed from having to give regular updates about its […]

New Delhi: Indian billionaire Mukesh Ambani is reportedly planning a takeover bid for the UK high street chain Boots, a media report said. Ambani is the biggest shareholder and chairman of retail-to-energy group Reliance Industries. Reliance is reportedly working on the potential bid with US buyout firm Apollo Global Management, reports the BBC. Earlier this […]

Hyderabad: Technology giant Google on Thursday signed a memorandum of understanding (MoU) with the Telangana government to bring benefits of digital economy to youth and women entrepreneurs. As part of the partnership, Google will collaborate with the State through its various arms to extend scholarships for Google Career Certificates to Telangana’s youth, support women entrepreneurs […]

New Delhi: Digital payments company PhonePe on Thursday announced exciting offers on the purchase of gold and silver via the app on the auspicious occasion of Akshaya Tritiya. Users can buy the highest purity 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage […]

New Delhi: IT company Cyient on Thursday said it will acquire Singapore-based Grit Consulting for USD 37 million (about Rs 284 crore) in an all-cash deal. Grit Consulting has expertise in consulting for asset-intensive industries like metal mining and energy and the acquisition will enable Cyient customers across sectors to draw value from the Grit’s […]

Hyderabad: Joining the league of companies having their global capabilities centres in Hyderabad, Thermo Fisher Scientific on Thursday launched its new research and development and engineering facility in Hyderabad. Thermo Fisher Scientific, American supplier of scientific instrumentation, reagents and consumables, and software services, has an annual planned research and development investment of about $15 million […]