Business

Hyderabad: Dr Reddy’s Laboratories entered into an exclusive sales and distribution agreement with Novartis India for the Voveran range, the Calcium range, and Methergine in India. Under the arrangement, Dr Reddy’s will have exclusive rights to promote and distribute these products in India. The company will use its strengths in promotion and distribution to considerably […]

Hyderabad: Hyderabad-based Balaxi Pharmaceuticals reported a net profit of Rs 12.2 crore for the third quarter ended December 31, 2021, registering a 11 per cent growth compared to Rs 11 crore recorded during the corresponding period of the previous year. The company’s revenue slipped 6.5 per cent to Rs 61.7 crore in the quarter under […]

New Delhi: N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons – the holding company of the salt-to-software Tata Group – for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the […]

Hyderabad: Hyderabad-based electric vehicle maker Atumobile expanded its manufacturing capacity by setting up a new facility in Patancheru, Hyderabad. With the addition of the new unit, the company has increased its production capacity from 25,000 units per annum to 3.5 lakh units per annum. Atumobile set up its first unit in Patancheru in 2020. The […]

Hyderabad: Real estate developer Urbanrise-Alliance Group which has projects across key markets of south India is betting big on Hyderabad, particularly in the residential sector. The company is also planning for an IPO to meet its expansion needs in Hyderabad and other southern markets. The 18-year-old company has recently launched three projects in Hyderabad that […]

Hyderabad: Hyderabad-based startup NextSteps AI has announced it has been acqui-hired by Noida-based education technology (edtech) company Schoolnet India. Through this acquisition, the team of NextSteps AI will be joining the Schoolnet’s team to enhance the latter’s deep-tech capabilities to personalize education at scale. NextSteps AI is a deep-tech (AI/ML) startup incubated at T-Hub and […]

New Delhi: Passenger Vehicle (PV) dispatches from factories to dealers in India fell 8 per cent in January, mainly due to semiconductor shortage, auto industry body SIAM said on Friday. The total passenger vehicle wholesales dropped to 2,54,287 units in January 2022 as compared to 2,76,554 units in the same month of last year. Last […]

The ultra-fast and low-latency 5G trial on Reno7 Series was successfully concluded in a demo set-up.

The company’s revenue from operations stood at Rs 78.1 crore as against Rs 55.2 crore in Q3FY21, growing 41.4 per cent year-on-year.

The 30-scrip BSE Sensex was down by 612.80 points or trading at 58313.23 and down by 1.04 percent at 9.20 am.

Hyderabad: Hyderabad-based Pennar Industries Limited (PIL), a value-added engineering products and solutions company, reported a net profit of Rs 10.71 crore for the quarter ended December 31, 2021, compared to Rs 2.73 crore in Q3 FY21. The company’s net revenue stood at Rs 532.97 crore during the quarter under review compared to Rs 411.93 crore […]

Hyderabad: West Pharmaceutical Services, which provides innovative solutions for injectable drug and healthcare products, partnered with TECHIN, a Technology Innovation Foundation of IIT Palakkad that focuses on assisting innovation and incubation for budding entrepreneurs, to build a Medtech research Centre of Excellence (CoE). The company has its sales office in Hyderabad and a manufacturing unit […]

Mumbai: Cryptocurrency is privately created and it is a very big threat to the country’s macroeconomic and financial stability, RBI Governor Shaktikanta Das said on Thursday. Replying to a question, Das said, “Cryptocurrency or currency which have currency like character, they will undermine the RBI ability to deal with issues of financial stability.” RBI Governor […]

Hyderabad: Hyderabad-based Krishna Institute of Medical Sciences Limited (KIMS Hospitals) reported a jump of 76 per cent in net profit for the third quarter ended December 31, 2021, at Rs 84.2 crore compared to Rs 47.8 crore during the corresponding period of the previous fiscal. The Q3 FY22 saw the business coming back on track […]

Hyderabad: State-owned Bank of Maharashtra (BoM) has appeared as the top performer among public sector banks in terms of loans and savings deposit development during the third quarter of the recent financial year, according to an analysis. The Pune-headquartered lender witnessed a 22.9 per cent improvement in gross advances at Rs 1,29,006 crore in the […]

Hyderabad: Kone Elevator India, a wholly owned subsidiary of Kone Corporation, as part of its efforts to strengthen its presence in Telangana has set up a customer service/experience centre in Hyderabad. The company will also be adding about 500 new jobs in Telangana in the near term. The new centre located in Kukatpally Housing Board […]

Hyderabad: Hyderabad-based Paradise Food Court, one of the largest biryani chains in the world, is ramping up its operations and plans to go global by 2024 and expand 10-fold by opening 500 company-owned restaurants pan-India by 2026-27. The company which has 50 restaurants in 13 cities in six States of India plans to add another […]

Hyderabad: Women entrepreneurs from rural areas of Telangana now have a chance to become part of the startup ecosystem. State-led incubator for women entrepreneurs, WE Hub has announced a first-of-its-kind year-long rural incubation programme. The incubator has called for applications for the newly launched programme and it is aimed at accelerating existing enterprises as SMEs […]

Hyderabad: With an aim to provide a one-stop solution to OTT content consumers, Airtel has launched its Xstream Premium that aggregates content from 15 video apps. The platform provides a single login, single search and single subscription and is available for viewing across all types of screens. The new video streaming service is available at […]

Hyderabad: Hyderabad witnessed Rs 2,695-crore worth of residential properties transacted in the residential market consisting of four districts – Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. The city has recorded new home registrations of 5,568 units in January 2022. Knight Frank India data shows, the third wave of the pandemic resulted in a drop of 27 per […]

Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per cent on account of unfavourable base effects that are expected to ease subsequently.

New Delhi: As quick commerce (Q-commerce) gains momentum, Uber’s new verticals businesses, which includes grocery, alcohol, convenience, and other non-restaurant efforts, grew nearly 10 per cent (on-quarter) in Q4 2021, reaching the best month ever in December. According to Uber CEO Dara Khosrowshahi, the ride-hailing major continues to have a strong lead in grocery and […]

Hyderabad: Bosch Global Software Technologies (BGSW), a global supplier of technology and software services, launched its new centre in Hyderabad. Spread over two facilities in HITEC City, the new technology and innovation R&D centre will augment the company’s focus on automotive engineering and digital enterprise. Bosch aims to leverage Hyderabad’s thriving software ecosystem to access […]

At 10.25 a.m., Sensex traded at 58,669 points, up 0.4 per cent or 203 points from the previous close, Nifty traded at 17,533 points, up 0.4 per cent or 70 points from the previous close.