Business

Washington: In the last 48-hour of his buyout of the micro-blogging site Twitter, billionaire Elon Musk is again on a fun trail. In a flurry of tweets, Musk claimed that he has set eyes on Coca Cola to “put cocaine back in” and “McDonald’s to fix ice-cream machines”. After the multi-billion buyout of the microblogging […]

Mumbai: Equity benchmark indices opened in green on Thursday with Sensex up by 263.68 points and Nifty by 82.00 points. At 9:20 AM, the BSE Sensex was up by 263,68 points or 0.46 per cent at 57083.07. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and also […]

Hyderabad: Real estate company Embassy Group along with SAS Infra has announced the development of three Grade-A office spaces encompassing 14 million sq ft in Hyderabad’s financial district. According to a press release issued on Wednesday, the company said that its decision to re-enter Hyderabad marks its growing confidence in the city’s real estate landscape, […]

New Delhi: Flagging higher fuel prices in many opposition-ruled states, Prime Minister Narendra Modi on Wednesday urged them to reduce VAT in “national interest” to benefit the common man and work in the spirit of cooperative federalism in this time of global crisis. Modi raised the issue of many states not adhering to the Centre’s […]

New Delhi: Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said […]

Mumbai: The rupee depreciated 16 paise to 76.72 against the US dollar in opening trade on Wednesday, weighed down by the strength of the greenback and unabated foreign fund outflows. At the interbank foreign exchange, the rupee opened at 76.69 against the American dollar, then lost ground to quote at 76.72, registering a fall of […]

Hyderabad: Techfynder, a subscription-based platform that helps businesses to hire talent, made a foray into Hyderabad. It also announced expansion plans across India including Hyderabad, Bengaluru, Chennai, Delhi and Mumbai. It intends to invest in these cities over the next three years. Techfynder is an AI-based technology platform that allows businesses to directly contact candidates […]

San Francisco: Billionaire Elon Musk has reached an agreement to acquire Twitter for approximately $44 billion, the company said. The outspoken Tesla CEO, the world’s wealthiest person, has said he wants to buy Twitter because he thinks it’s not living up to its potential as a platform for “free speech.” He says it needs to […]

New Delhi: The initial public offering of the country’s largest insurer LIC will open on May 4 and close on May 9, sources said. The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch Rs 21,000 crore to the exchequer. The IPO values LIC at […]

Hyderabad: The WASH Innovation Hub (WIH), an initiative of the Government of Telangana and Administrative Staff College of India, will hold its INK@WASH event on May 5 and 6 in Hyderabad. It will showcase more than 100 innovations in water, sanitation and hygiene (WASH) segments.It intends to promote collaborations between startups, innovators, Governments, mentors and […]

New Delhi: Adani Group Chairman Gautam Adani has become the world’s fifth-richest person overtaking legendary investor Warren Buffett, according to Forbes data. According to Forbes estimates, the net worth of 59-year-old Gautam Adani surged to $123.7 billion as of Friday’s market close, while Warren Buffett’s net worth stood at $121.7 billion. Buffett is 91 years […]

Hyderabad: Adding to the list of marquee names present at the Genome Valley, Ferring Laboratories set up its plant with an investment of Euro 30 million (about Rs 246 crore). Industries and IT Minister KT Rama Rao inaugurated the plant on Monday. Speaking on the occasion, he said Ferring coming to Hyderabad is a testimony […]

Mumbai: The rupee declined 23 paise to 76.65 against the US dollar in the opening trade on Monday tracking the strength of the dollar in the overseas market. At the interbank foreign exchange, the rupee opened on a muted note at 76.58 against the American dollar, then fell and touched an early low of 76.65 […]

Mumbai: Equity benchmark indices opened in the red on Monday with Sensex down by 516.55 points and Nifty by 168.40 points. At 9:35 am, the BSE Sensex was down by 516.55 points or 0.90 per cent at 56,680.60. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and […]

Hyderabad: Technology solutions company Cyient on Monday announced to acquire Finland-based Citec, a global plant and product engineering services company, for an undisclosed sum. According to Cyient, this is the largest outbound acquisition by an Indian engineering services company and its largest acquisition to date. The acquisition will strengthen its presence in the energy industry […]

Hyderabad: SpaceX Founder Elon Musk has been investing in micro-blogging platform Twitter. Currently, he has a little over nine per cent. Despite this, he is still a minority stakeholder. Musk said the listed Twitter should go the private way to support free speech. He offered to buy 100 per cent of it for $54.20 per […]

New Delhi: Prime Minister Narendra Modi on Sunday said that over 20,000 crore digital transactions are taking place on a daily basis wherein small online payments are helping to build a big digital economy. Addressing the nation in his 88th monthly programme ‘Mann Ki Baat’, he said digital transactions worth over Rs 20,000 crore are […]

Hyderabad: The cooking oil prices are likely to rise as Indonesia has decided to stop export of palm oil. Indonesia is the biggest producer of palm oil. The high inflation locally there forced the Government to stop exports to ensure there are adequate stocks for domestic consumption. “Indonesia made a statement stopping exports from April […]

New Delhi: India’s smartphone market grew just 2 per cent in the first quarter of 2022 owing to supply constraints, not a great start to the year for a market which has seen double-digit percentage growth even during the Covid-19 pandemic, a new report has said. The biggest challenge this year will be maintaining device […]

Hyderabad: Development does not have boundaries and in the case of Telangana, development is also seeing new frontiers being taken over every day as the engine of growth keeps surging forward. Inclusive and expansive progress could be how the number of new constructions in the Greater Warangal Municipal Corporation and the Urban Local Bodies in […]

Hyderabad: Adani Ports and Special Economic Zone (APSEZ) through its subsidiary, The Adani Harbour Services Limited (TAHSL), has entered into a definitive agreement for acquisition of 100 per cent stake in Hyderabad-based Ocean Sparkle Limited (OSL). OSL is a third-party marine services provider. Key activities carried by it include towage, pilotage, and dredging. OSL has […]

Hyderabad: Multi-speciality pediatric hospital chain Rainbow Children’s Medicare said it has fixed a price band of Rs 516-542 a share for its Rs 1,581-crore initial public offering (IPO). The initial share sale will be open for public subscription from April 27 to 29. The bidding for anchor investors will open on April 26. The public […]

New Delhi: E-commerce giant Amazon on Friday said that it has acquired homegrown women-focused social commerce startup GlowRoad for an undisclosed sum. In a statement, the company said the acquisition will help it meet the commitment to digitise 10 million local Indian businesses by 2025. “Amazon continues to explore new ways to digitise India and […]

Mumbai: Equity benchmark indices opened in the red on Friday with Sensex down by 495.53 points and Nifty down by 156.60 points. At 9:35 am, the BSE Sensex was down by 495.53 points or 0.86 per cent at 57,416.15. BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, […]