Business

New Delhi: Online job platform Monster.com on Wednesday said that it has raised Rs 137.5 crore in a funding round led by Mohandas Pai of Meridian Investments and Akash Bhanshali of Volrado Venture Partners, with participation from Quess, its parent company. The online talent platform said that the funds will be utilised towards enhanced investments […]

Hyderabad: T-Works, the largest proto-typing facility created by the Telangana State government, and semiconductor and electronic component distributor Mouser Electronics announced a partnership under which the latter will support T-Works with procurement of high-end prototyping equipment in the electronics test and measurement fields. This agreement follows multiple partnerships between the two entities over the years, […]

Hyderabad: Netherlands-based mobility tech company Stellantis, is embarking on its journey to clock €4 billion in revenues by 2026 and €20 billion by 2030, and believes that Hyderabad in particular, and India in general have a key role to play in contributing to it. The company plans to hire 2,200 people in Hyderabad by 2024. […]

New Delhi: Gold prices on Tuesday fell by Rs 71 to Rs 48,169 per 10 gram in futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for February traded lower by Rs 71, or 0.15 per cent, to Rs 48,169 per 10 gram in a business turnover […]

New Delhi: Piramal Pharma on Tuesday said it has invested Rs 101.77 crore in Hyderabad-based Yapan Bio to augment the capabilities of its contract development and manufacturing organisation (CDMO) business. The Mumbai-based company has acquired a 27.78 per cent stake in Yapan as a result of the investment. The investment will allow Piramal Pharma to […]

Mumbai: E-commerce platform Snapdeal on Tuesday filed papers with the market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) through which it plans to raise Rs.1,250 crore. According to Draft Red Herring Prospectus, the IPO consists of a fresh issue of shares worth Rs 1,250 crore and an offer […]

Hyderabad: MSN Pharmaceuticals Inc. (MSNPI), a wholly owned subsidiary of Hyderabad-based MSN Group of companies, based out of Piscataway, New Jersey, USA completed its maiden USFDA audit with zero observations. The finished dosages facility was established to enhance MSN Group’s product portfolio as well as contract development & manufacturing services, in the US and several […]

Hyderabad: Bharat Biotech has sought the approval of the Drug Controller General of India (DCGI) to conduct Phase 3 trials of its Covid-19 intranasal vaccine, sources said on Monday. The Hyderabad-based vaccine maker has submitted the application and awaiting approval for Phase 3 trials of intranasal vaccine (BBV154). “Intranasal vaccines have the potential to prevent […]

Hyderabad: Explaining its 28 days open vial policy, Hyderabad-based Bharat Biotech on Monday stated that healthcare workers do not have to worry about opening Covaxin’s vial and its wastage. This means that an open Covaxin vial can be used up to 28 days post opening and would not go waste if there are no people […]

Hyderabad: Ashok Leyland, flagship of Hinduja group, launched new advanced vehicle transformation (AVTR) tipper models with high horsepower – AVTR 2832 and AVTR 3532 in Hyderabad. The launch of these vehicles with the A6 engines will help customers for applications such as road construction, irrigation, deep mining, boulder quarry and others. Powered by 8.0L A6 […]

Hyderabad: Telangana will see investments of Rs 6,000 crore in electric vehicle (EV) manufacturing over the next five years. The investments are based on EV companies’ outlay in manufacturing capacities, mostly in EV components and assembly-line production, followed by investments in battery manufacturing. Emerging clusters in the State such as Chandanvelly-Sitarampur and Divitipalli are drawing […]

Hyderabad: Tata Technologies, a global engineering and product development digital services company, has been selected by Airbus as an engineering, manufacturing engineering and services strategic supplier (EMES 3) and will collaborate with Airbus towards engineering, customer services engineering, and manufacturing engineering areas. The company said, this is an outcome of an extensive seven-month long multi-phased […]

Hyderabad: The SME HR Tech space company Keka HR raised $1.6 million (over Rs 12 crore) through non-dilutive revenue funding. The funding was achieved through trading subscriptions made on Recur Club, which enables companies to access capital growth. The company intends to hire 200-300 employees in the next financial year. Keka has openings in almost […]

New Delhi: Companies shelled out Rs 1.09 lakh crore towards various Corporate Social Responsibility (CSR) activities, including those related to health, education and poverty eradication, under the companies law in the last seven financial years, according to the corporate affairs ministry. Under the Companies Act, 2013, certain class of profitable entities are required to spend […]

Bengaluru: Fitness and wellness startup Cult.fit on Monday said it has acquired cardio equipment brands RPM fitness, Fitkit and Onefitplus in a single transaction and is foraying into outdoor bicycles business with Urban Terrain brand. Aiming at $50 million revenue by December 2022 from home equipment and outdoor bicycles business, Cult.fit now has the largest […]

Hyderabad: The workplace around the globe and particularly in India is undergoing a significant digital transformation. And in times of these changes, employees need to reskill themselves to meet the demands of the evolving business landscape. The top surging workplace skills in India are algorithmic trading and Next.js even as cryptocurrency, software practices, python scripting […]

Hyderabad: Hyderabad-headquartered and Asia’s largest Rated-4 Hyperscale Data Centre CtrlS has set a benchmark by creating India’s only 100 per cent quake-resistant and air pollution free data centre facility at Noida. The air pollution in the National Capital Region has been a major concern resulting in unhealthy air for human lungs as well as tech […]

Washington: The founder of SpaceX and Tesla, billionaire Elon Musk, said on Monday that for the entirety of year 2021, he will pay over $11 billion in taxes. “For those wondering, I will pay over $11 billion in taxes this year,” Musk said on Twitter. His statement comes after US Senator Elizabeth Warren, a long-time […]

New Delhi: Investors became poorer by Rs 11,23,010.78 crore in two days as domestic equity market continued to face severe drubbing amid a global selloff. The BSE benchmark Sensex plunged 1,182.53 points to a low of 55,829.21 in early trade on Monday. The benchmark had tumbled 889.40 points or 1.54 per cent to close at […]

New Delhi: Mid-sized motorcycle maker Royal Enfield on Monday said it is recalling 26,300 units of its Classic 350 motorcycles to rectify issue with a brake part. In a statement, the company said its technical team has discovered a potential issue in one of the parts – the brake reaction bracket attached to the motorcycle […]

Mumbai: Equity benchmark Sensex plummeted over 1,000 points in early trade on Monday, tracking across-the-board losses amid a selloff in global markets as concerns over rising Omicron cases spooked investors. Persistent foreign fund outflow too weighed on investor sentiment. The 30-share index slumped 1,028.61 points or 1.80 per cent to 55,983.13 in the opening trade. […]

New Delhi: Foreign portfolio investors (FPIs) have pulled out Rs 17,696 crore from the Indian markets in December so far amid uncertainty due to a new coronavirus strain, Omicron, and expectations of faster tapering by the US Federal Reserve. According to the depositories data, FPIs took out Rs 13,470 crore from equities, Rs 4,066 crore […]

Hyderabad:  Internet usage has seen a steep increase over the last year. Due to Covid-19 much of the productivity work was done from home and all credit goes to the World Wide Web which helped in communicating messages and making the working process easy with the click of a button from homes. At the same […]

Hyderabad: Cotelligent, a TechDemocracy company, has set up a new Centre of Excellence (CoE) for cyber security in Hyderabad. The facility will play a key role in assisting businesses in managing cyber threats, meeting compliance requirements, as well as serving as a hub for global cyber security innovation. Alex Lam, Chief Strategy & Business Development […]