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Home  Business

Business

Hyderabad-based Cellestial E-Mobility forays into Mexico

Hyderabad-based Cellestial E-Mobility forays into Mexico

  • Samsung Galaxy S22 series US pricing leaks ahead of launch

    According to noted tipster Jon Prosser, Samsung Galaxy S22 will have a starting price of $799 while the Galaxy S22 Plus will start at $999, reports GizmoChina.
  • Equity indices open in red, Sensex down by 97 points

    The 30-scrip BSE Sensex was down by 96.69 points or 0.16 per cent at 59461.64 at 9.25 am.
  • AI platform for giving farm-related info and chatbot to clear doubts of ryots

    Hyderabad: Automation is sweeping several segments and agriculture is also coming under its fold. While core areas of it are still labour intensive, farming related information and knowledge dissemination are getting a push with artificial intelligence tools. City-based AitoBi Technologies has created an artificial intelligence and natural language processing-based chatbot called the Kisan Assist. It […]
  • Chaitanya Godavari Grameena Bank opens new branch

    Hyderabad: Chaitanya Godavari Grameena Bank inaugurated its 227th branch at Lingamguntla, Narasaraopet. Stating that the bank has crossed Rs 15,000 crore business and Rs 117 crore profit this year, the bank’s chairman T Kameswara Rao said that the bank has been offering all types of loans and digital services like all the other commercial banks. […]
  • Crypto’s like Bitcoin, Ethereum will never become legal tender: Finance Secretary

    New Delhi: Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender. Speaking to ANI, Finance Secretary said, “Digital rupee will be backed by RBI which will never default. Money […]
  • Nidhu Saxena assumes charge as ED of UBI

    Hyderabad: Nidhu Saxena assumed charge as executive director of union Bank of India. Prior to joining union Bank of India, he was with UCO Bank as GM & vertical head (Retail Credit, MSME & Bancassurance). While at UCO Bank, he held various roles including branch head, zonal head at Pune and Surat zones of the bank. […]
  • Union Budget: All key demands of Telangana ignored

    Hyderabad: The Union Budget 2022-23 came as a big shock for Telangana as all its demands for additional funds and new projects were ignored. The budget speech of Finance Minister Nirmala Sitharaman also had no mention of the commitments made to the state under Andhra Pradesh Reorganisation Act 2014. The state had high hopes from […]
  • Elanpro launches experience centre in Hyderabad

    Hyderabad: Elanpro, a commercial refrigeration company, launched its first experience centre in Hyderabad. The centre is located at Madhapur, and seamlessly combines quality and technology under one roof. Establishing its footprint in southern India, Elanpro is expanding its business and growing its presence across India. The newly launched centre will give its customers access to […]
  • Ceremorphic makes Hyderabad its global R&D hub

    Hyderabad: US-based semiconductor company Ceremorphic recently set up its India Development Centre in Hyderabad. Currently employing 140 people, the company by the end of 2024 plans to employ 400 people at this centre. The company’s founders are pumping in $50 million (over Rs 350 crore) for global expansion, with significant investments lined up in Hyderabad. […]
  • ‘Tax on digital assets positive step for crypto industry’

    Hyderabad: The announcement in the union Budget 2022-23 of introducing flat 30 per cent taxation on income from crypto and digital assets is being seen as a welcome move for innovators and experts working in this field. In her speech, Finance Minister Nirmala Sitharaman said, “There has been a phenomenal increase in transactions in virtual […]
  • ‘Private Equity/Venture Capital committee to benefit ecosystem’

    Hyderabad: Even though the union Budget did not make any major announcements for the overall startup ecosystem, some of the announcements that stood out include forming an expert panel for easing growth of Private Equity/Venture Capital investments and tax incentives for startups extending by one year. The government on Tuesday announced to extend the period […]
  • Budget aims to help transform healthcare sector

    Hyderabad: The union Finance Minister among several healthcare initiatives has proposed to roll out an open platform for the National Digital Health Ecosystem, which will help in strengthening the healthcare services within the country. The increased investment towards health infrastructure and focus on a holistic approach to health is seen as a testimony of the […]
  • Infrastructure status to data centres will be game changer

    Hyderabad: The Union Finance Minister Nirmala Sitharaman in her Budget speech announced granting infrastructure status to data centres. The grant of infrastructure status to data centres is expected to provide access to long-term institutional funds, which will promote the investments in the sector. B S Rao, VP, Marketing, CtrlS Datacenters told Telangana Today, “The infrastructure […]
  • Union Budget: Salaried class have nothing to cheer

    Hyderabad: There is nothing for the common man, particularly the salaried class. There have been no tax exemptions, deductions or tax proposals that can help employees save tax. These expectations stemmed from the rising cost of living and also higher Covid-related spend. Also, there have been many concerns related to work-from-home, which many hoped will […]
  • Union Budget: MSMEs sniff a breather in ECLGS extension

    Hyderabad: The Finance Minister also announced that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore. This will help the MSMEs that have been hit by the pandemic, said Mahesh Desai, Chairman of Engineering Export Promotion Council. The […]
  • Budget to enable creation of efficient logistics ecosystem

    Hyderabad: Budget 2022’s emphasis on logistics, specifically for the Gati Shakti Plan, reiterates how the logistics sector is integral to the economic and trading activities of India. In India, road transportation dominates the logistics sector, with a majority share of 60 per cent, followed by Railways, which has a 30 per cent contribution. Neeraj Bansal, […]
  • Budget positive for affordable housing

    Hyderabad: The Union Budget 2022-23 focuses on a long-term plan for the country with digitisation, urban development, and sustainability at its core. For the real estate sector, the budget placed an outlay of Rs 48,000 crores under the Pradhan Mantri Awas Yojana, and construction of 80 lakh homes will facilitate affordable housing. Real estate sector […]
  • Railway Ministry allocated Rs 1,40,367.13 crore in Budget

    New Delhi: The Railway Ministry has been allocated Rs 1,40,367.13 crore in the Union Budget on Tuesday – Rs 20,311 crore more than the revised figures of the previous fiscal. Vande Bharat Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the […]
  • Govt extends tax holiday for eligible startups by 1 more year

    New Delhi: In further respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more year. To incentivise startups, the government had last year extended the eligibility for claiming tax holidays for startups by a year to March 31, 2022. It had […]
  • Centre to borrow Rs 11.6 lakh cr in FY’23 to meet expenditure requirement

    New Delhi: The government will borrow about Rs 11.6 lakh crore from the market in 2022-23 to meet its expenditure requirement. This is nearly Rs 2 lakh crore higher than the current year’s Budget estimate of Rs 9.7 lakh crore. Total market borrowings of the government for 2022-23 are estimated to stand at Rs 11,58,719 […]
  • India to gets its own digital currency by RBI next year: FM

    New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India’s own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to see the light of the day. With this, India will join certain countries that have their own central […]
  • Sensex surges 850 points ahead of Union Budget 2022-23

    Mumbai: The Indian equities markets key indices rose by nearly 1.5 per cent on Tuesday led by broad-based buying support ahead of the presentation of Union Budget 2022-23. The benchmark Sensex surged 1.47 per cent or 850.71 points to 58,864.88 points at 10.30 am, against its previous day’s close at 58,014.17 points. This is the […]
  • Granules’ US arm concludes FDA Audit with three minor observations

    Hyderabad: Hyderabad-based Granules India said that Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, located in Chantilly, Virginia, USA had undergone a Pre-approval Inspection (PAI) by the US Food and Drug Administration (US FDA) from 24th to 28th January 2022. The audit is a PAI for two of its product applications filed from […]
  • Applications invited for T-AIM second cohort

    Hyderabad: The Telangana AI Mission (T-AIM) is inviting applications to the second cohort of Revv Up startup acceleration programme. Early-stage startups working in Artificial Intelligence (AI) are eligible to participate. It is aimed at sector-agnostic AI startups that are based in Telangana or intending to set up their facility in the State. They can apply […]
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