Business

Mumbai: The rupee appreciated 4 paise to 77.62 against the US dollar in opening trade on Monday, supported by a weak American currency in the overseas markets. However, muted domestic equities, elevated crude oil prices and persistent foreign fund outflows restricted the rupee’s rise, forex traders said. At the interbank foreign exchange, the rupee opened […]

Mumbai: With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, a hint for which has already been given by Governor Shaktikanta Das, opined experts. There are speculations that the central bank may go for at […]

New Delhi: Tata Motors is gearing up to strengthen its R&D with fresh hiring as well as upskilling of the current employees this fiscal year in order to scale up capabilities across various business verticals, including the electric vehicle segment, as per a top company official. In the EV space, the company is looking to […]

Hyderabad: Sanitation workers, rag pickers and scavengers are the most ignored segment of society. While many startups have come up in the space of waste management and waste recycling, not much has been at the ground level – that is to improve the lives of the lowest segment of the sector. Intending to recognise and […]

Hyderabad: Punjab National Bank organised a MSME customer meet at FTCCI, Hyderabad to create awareness and to offer credit support to MSME entrepreneurs. “We have been supporting the MSME sector with our borrower-friendly schemes. We cater to the financial needs of businesses from manufacturing and service sectors by launching new schemes,” said Mohd Maqsud Ali, […]

New Delhi: India’s services sector activities improved further and expanded at strongest rate in over 11 years in May, supported by a substantial pick-up in new business growth, even as input cost inflation climbed to a record high, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index […]

Mumbai: Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm global trends. The 30-share BSE Sensex was trading 565.66 points higher at 56,383.77. The broader NSE Nifty jumped 159.85 points to 16,787.85. […]

Mumbai: The rupee appreciated 13 paise to 77.47 against the US dollar in opening trade on Friday, supported by a fall in the dollar index and positive domestic equities. At the interbank foreign exchange, the rupee opened at 77.47 against the American dollar, registering a rise of 13 paise from the last close. On Thursday, […]

Hyderabad: Even though the State of Telangana joined the startup party late it was still able to metamorphose the ecosystem in the last eight years and the startups in the State account for around 15-20 per cent of India’s overall startup population. According to the startup portal of Telangana, there are over 6,660-plus startups registered […]

Hyderabad: The Covid-19 pandemic changed our lives – for better or worse. And the startups especially tech-led startups were also not left behind. A study conducted by IIIT-H’s deep tech incubator CIE reveals the impact of technology on its startups during the pandemic and says that startups had to constantly reinvent themselves in order to […]

Seoul/New Delhi: Kia, South Korea’s second-largest automaker, said on Thursday its sales fell 4.9 per cent last month from a year earlier as a global chip shortage affected its vehicle production and sales. Kia sold a total of 234,554 vehicles in May, down from 246,768 units a year ago, the company said in a statement. […]

New Delhi: Close on the heels of the Reserve Bank of India (RBI) recent hike in repo rate by 40 basis points, besides giving indications it would raise further in the upcoming monetary policy review meets, several Indian lenders too have raised their lending rates. On Wednesday, lending major HDFC and PNB Bank raised their […]

Mumbai: The rupee slipped 12 paise to 77.62 against the US dollar in early trade on Thursday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 77.61 against the American dollar, then lost ground to quote at 77.62, registering a fall of 12 paise […]

Mumbai: Indian stock markets’ key indices, Sensex and Nifty, opened with minor cuts on Thursday amid subdued global sentiment. The BSE Sensex fell by 10.35 points or 0.02 per cent to 55,370.82 at 9.37 am while the Nifty 50 shed 21.10 points or 0.13 per cent to 16,501.70 in morning trades. Among the Nifty-50 shares, […]

New Delhi: The gross revenue collection from goods and services tax (GST) surged to Rs 1,40,885 crore in May 2022, posting a year-on-year increase of 44 per cent, the government data showed on Wednesday. This is the third consecutive month when the gross GST collection is over Rs 1.40 lakh crore mark. The gross GST […]

New Delhi: Housing Finance Company HDFC has increased its Retail Prime Lending Rate (RPLR) on housing loans by 5 basis points. The revision would come into effect from Wednesday itself. The upward revision in rates will essentially lead to an increase in EMIs for borrowers. The hike in rates came close on the heels of […]

New Delhi: Top Indian companies have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to $24 billion, continues to be the most valuable brand in the country, a new report showed on Wednesday. Taj Hotels (brand value up 6 per cent to $314 million) is […]

Hyderabad: Reaching new heights, IT exports from Telangana grew at 26.14 per cent for the year 2021 – 22 over the previous year recording a total of Rs 1,83,569 crore in IT/ITeS Exports. The exports for 2020-21 were Rs 1,45,522 crore, said Industries and IT Minister KT Rama Rao. The State achieved this growth despite […]

Mumbai: Indian stock markets’ key indices, Sensex and Nifty, were trading flat on Wednesday, with heavy selling pressure in power and technology stocks. The 30 stock S&P BSE Sensex slipped 115.07 points or 0.21 per cent to close at 55,451.34 points at 10:00 am. The broader Nifty 50 of the National Stock Exchange closed at […]

Mumbai: Recovering from its record low, the rupee rose by 14 paise to 77.57 against the US dollar in early morning trade on Wednesday. At the interbank foreign exchange, the rupee opened at 77.58 against the American dollar, then inched higher to quote at 77.57, registering a rise of 14 paise from the last close. […]

New Delhi: The price for a commercial LPG cylinder has been reduced by Rs 135 with immediate effect from today. With the latest reduction, a 19-kg commercial Liquefied petroleum gas (LPG) cylinder in Delhi will now cost Rs 2219. Prior to the reduction in prices, the commercial LPG cylinder was priced at Rs 2454 in […]

Hyderabad: With an aim to identify technology innovators and startups, KPMG Private Enterprise Global Tech Innovator competition is underway to search for India’s most influential tech innovators. Companies from startup to accelerated growth stages are invited to pitch their innovations and present their strategic ambitions to panels of local and global industry experts. Shortlisted companies […]

Mumbai: The rupee inched 4 paise higher to close at 77.54 (provisional) against the US dollar on Monday, supported by positive domestic equities and a weak American currency overseas. Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices and persistent FII outflows weighed on the local unit. At the […]

Mumbai: Benchmark stock indices Sensex and Nifty surged by nearly 2 per cent on Monday, extending their winning run to a third straight day on gains in index major Reliance Industries, Infosys and TCS amid a firm trend in global equities. The 30-share BSE Sensex rallied 1,041.08 points or 1.90 per cent to settle at […]