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New Delhi: It is becoming increasingly difficult for Indian automakers to control input costs as they are dependent on China and Japan which are facing supply chain woes, resulting in price hikes across vehicle ranges, according to a new report. Indian automakers are responding to raw material price hikes by at least 2 per cent […]
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New Delhi: Byju’s-owned online coding platform WhiteHat Jr has posted a massive Rs 1,690 crore loss in the financial year 2021, while generating an operating revenue of Rs 484 crore in the same period. The company’s balance sheet in its annual financial statements filed with the Registrars of Companies (ROC) shows that operating revenues were […]
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San Francisco/New Delhi: Treating Elon Musk’s $43 billion offer to buy Twitter as an “unwelcome” step, the board of the company is reportedly considering a “poison pill” strategy to make it more difficult for Musk to acquire a larger stake in the micro-blogging platform and avoid a hostile takeover. According to The Information, Twitter’s board […]
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New York/London: In a strongest challenge to Elon Musk’s Tesla in the electric vehicle (EV) market, Mercedes-Benz has unveiled its long-range ‘Vision EQXX’ concept car that travelled over 1,000 kms on a fully charged battery — longest-ever distance covered by an EV on a single charge to date. According to the automaker, the journey from […]
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New Delhi: Bike taxi aggregator platform Rapido on Friday said it has raised $180 million led by online food delivery service Swiggy. Rapido said the funds would be used to bolster technology, strengthen its teams and reach a larger audience in metros, tier 1, 2 and 3 cities to ensure last-mile connectivity. The Series D […]
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Washington: Billionaire and Tesla CEO Elon Musk on Thursday offered a “best and final” bid to purchase 100 per cent of microblogging site Twitter for USD 41.39 billion with $54.20 per share in cash. The world’s richest man made the offer in an updated 13D filing on Thursday and follows an announcement by Twitter that […]
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Mumbai: Mahindra & Mahindra, one of India’s leading automotive companies, on Thursday announced 2.5 per cent hike in the price of its range of vehicles that will result in an increase of upto Rs 63,000 on the ex-showroom prices. “The price revision is result of continuous increase in prices of key commodities such as steel, […]
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San Francisco: After Tesla fans propagated fake news of the acquisition of lithium mining firm Lithium Corporation on Twitter, the firm’s stock went up over 250 per cent. Over the last few years, Tesla CEO Elon Musk has used his Twitter account to promote so many accounts that have become influential in the Tesla community, […]
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Hyderabad: The property prices in Hyderabad showed an annual 7 per cent increase in the first quarter of calendar year 2022, says a report by an online real estate company. It attributed the price hike to the overall economic growth that is seen improving the prospects of India’s biggest employment generating sector. According to a […]
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Hyderabad: With hybrid work culture becoming the norm and digitization taking over businesses, many organisations seem to be putting cybersecurity on the backburner. Reiterating this view, a report by CyberArk revealed that almost 79 per cent of senior security professionals state that cybersecurity has taken a back seat in the last year in favour of […]
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Mumbai: The rupee started on a muted note and slipped 6 paise to 76.21 against the US dollar in early trade on Wednesday, tracking the strength of the dollar in the overseas market and weak domestic macroeconomic data. At the interbank foreign exchange, the rupee opened at 76.15 against the American dollar and moved in […]
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Mumbai: NYSE-listed electric vehicle company Fisker Inc has set up its India headquarters in Hyderabad and it will focus on software and virtual vehicle development support functions. The California-based EV maker said it has already started recruitment of local talent and expects to create 200 potential jobs in India. The development comes after Industries and […]
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Hyderabad: Skootr Global, a managed office space provider, has plans to invest upwards of Rs 75 crore in Hyderabad to double its office space under management. Currently, it has about 3.5 lakh sqft and is looking to sign up a similar amount of space this year, said Puneet Chandra, co-founder and director, Skootr. Skootr offers […]
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Hyderabad: The Indian Crude Free on Board (FOB) price dropped to $97.82 per barrel on Monday at a rupee-dollar exchange rate of 75.96 per dollar. The price is down about 5 per cent since April 1, when the Indian crude basket price was $103.02 per barrel (at exchange rate of Rs 75.81). Indian Basket (IB), […]
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Hyderabad: Hyderabad-based nutraceutical startup Laurik on Tuesday announced that it has raised Rs 3.7 crore while just in its ideation stage. The health elevator brand that uses coconut derivatives and provides the right nutrients in a shot is also one of the 100 brands in the world and second Nutraceutical brand in India to be […]
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Hyderabad: Nutraceutical startup Laurik, which is based in Hyderabad, on Tuesday, announced that it has raised Rs 3.7 crore while just in its ideation stage. The health elevator brand that uses coconut derivative and provides the right nutrients in a shot is also one of the 100 brands in the world and second Nutraceutical brand […]
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Hyderabad: Bharat Serums and Vaccines Global will set up an injectable and vaccine manufacturing facility at Genome Valley with an investment of Rs 200 crore. Industries and IT Minister KT Rama Rao announced this on the microblogging platform. “Glad to announce that @BSV_Global decided to announce that they will set up a state of the […]
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New Delhi: Indian equity indices extended their losses from the previous session and traded lower in early trade on Tuesday. At 9.46. a.m., Sensex was 0.5 per cent or 295 points down at 58,670 points, whereas Nifty was 0.6 per cent or 112 points down at 17,563 points. IT stocks are likely to do well […]
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New Delhi: Indian equity indices opened marginally lower on Monday. At 9.46 a.m., Sensex was 0.8 per cent 449 points down at 58,998 points, whereas Nifty 0.6 per cent or 112 points down at 17,672 points. For fresh cues, investors would eye inflation data and Q4 earnings of India Inc to be released soon. “Q4 […]
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New Delhi: In a major fillip to India’s dream to become a global manufacturing hub, Apple on Monday confirmed it has started manufacturing its top-selling iPhone 13 smartphone in India. Apple first started manufacturing iPhones in India in 2017, with iPhone SE. “We are excited to begin making iPhone 13 — with its beautiful design, […]
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Hyderabad: An e-bicycle that not only helps with your daily commuting needs but can also be folded to conveniently carry has been rolled out by a Hyderabad-based startup. Branded as Hornback, the folding electric bicycle is designed by founders of Kachbo Designs – Nishith Praikh and Rajkumar Kewat. Telangana IT and Industries principal secretary Jayesh […]
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By Epsita Gunti Hyderabad: Breaking thousands of car lovers’ hearts, Volkswagen announced that Polo will no longer be available for sale in the Indian market from this June. The German manufacturer took to social media to make this announcement by sharing a good-bye letter written by Polo resulting in scores of social media users expressing […]
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San Francisco: Tesla and SpaceX CEO Elon Musk is continuing to grow his status as the world’s richest man as his net worth is skyrocketing over the rest of the top earners in 2022. In the latest Forbes list, Musk increased his net worth to $282 billion, which is over $100 billion richer than Amazon […]
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San Francisco/New Delhi: TikTok’s meteoric rise has baffled Meta (formerly Facebook) as the Chinese short-video app is set to overtake the global advertising share of micro-blogging platform Twitter and photo-sharing platform Snapchat this year. Moreover, TikTok is predicted to catch up with Google-owned YouTube by clocking $23.6 billion in ad revenue by 2024, reports The […]
