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Mumbai: The Indian equities markets benchmark Sensex surged 786 points on Monday led by strong buying support in IT and energy stocks, a day ahead of the presentation of Union Budget 2022-23. Reversing the trends of the last week’s sell-off the key indices of the Indian stock markets opened with handsome gains on Monday. The […]
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New Delhi: With Covid-19 continuing to impact the global economy in its second year, the automotive semiconductor market will experience uneven shortages and tight supply amid labour shortfall, according to a new IDC report. The general theme for semiconductors in 2021 was shortages in mature process technology nodes. The IDC expects tight semiconductor supply to […]
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Nirmala Sitharaman is set to present her fourth union budget on February 1, 2022. Some analysts feel that the finance minister may announce major relief to taxpayers.
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Hyderabad: SMEs face myriad problems and one among them is the problem of delayed payments by customers. A majority of sellers do not know the buyers’ financial health and keep extending financial credit to them and suffer in the process. Hyderabad-based fintech company Recordent has evolved a software-as-a-service that will do the credit risk profiling, […]
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Hyderabad: Budget 2022 provides an opportunity for the Government to narrow the rural-urban gap and strike a balance in reigning inflation and ensuring fiscal prudence. The momentum on the economic recovery and buoyancy of tax collections would need to be sustained, Pradeep Narayanan, partner, BSR & Co (a sub-licensee firm of KPMG in India) tells […]
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Hyderabad: The Petroleum and Natural Gas Regulatory Board (PNGRB) has allotted 12 geographical areas (GAs) to Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) out of the 52 Gas. The PNGRB had called for bids for City Gas Distribution (CGD) projects in 65 Geographical Areas (GA) across India under 11th round of bidding. The results were declared […]
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The Digital Assets Team within Google Cloud will support its customers' needs in building, transacting, storing value, and deploying new products on Blockchain-based platforms.
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New Delhi: Adani CMA Mundra Terminal Pvt Ltd (ACMTPL) a joint venture between Adani Ports & SEZ Ltd and CMA Terminals at Mundra, berthed APL Raffles, making it the largest container vessel to call India. APL Raffles is one of the largest vessels in the fleet of CMA CGM. Built in 2013, this 1,76,727 DWT, […]
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Mumbai: Higher bond yields as well as a potential US Fed rate hike sparked a global risk-off sentiment, leading to elevated FII outflows in India, said Motilal Oswal Financial Services. According to the brokerage house, $13.5 billion in FIIs’ outflows have taken place in the secondary markets since October 2021. “Domestic equities have also borne […]
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According to the auto-tech website Electrek, the company has released the microphone that is designed to work with Leishi KTV, a karaoke system that is being included as part of the update.
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Hyderabad: Hyderabad-based Nava Bharat Ventures reported an 18 per cent year-on-year jump in its consolidated net profit at Rs 190.93 crore for the third quarter ended 31 December 2021, compared to Rs 161.79 crore in the corresponding quarter of the previous fiscal. The company’s consolidated revenues grew 41.6 per cent year-on-year at Rs 1,005.3 crore […]
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Hyderabad: Apparel and accessories specialty chain of Reliance Retail, Trends, has launched its new store in Achampet town of Nagarkurnool district in Telangana. The Trends store at Achampet offers fashion merchandise that is relevant to the consumers of the region and at prices that are affordable and seen as value for money. The store’s merchandise […]
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Hyderabad: Demand for gold reached 1,147 tonnes in Q4 2021, its highest quarterly level since Q2 2019 and an increase of almost 50 per cent year-on-year, according to the World Gold Council. The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the Covid-induced losses […]
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Hyderabad: Dr Reddy’s is strengthening its Covid portfolio with a range of drugs and vaccine options. The company is in various stages of regulatory clearances for Sputnik Light and Sputnik V booster dose. Phase III clinical trial data of Sputnik Light has been submitted to the Indian regulator. Additional data from clinical trials for Sputnik […]
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Hyderabad: Whether it is to make homes more connected or just to enhance safety, Smart Homes are gaining traction among property buyers. Many new-age buyers who are technologically savvy and are looking for newer gadgets to fill their lives are also looking for smart home automation systems to be ahead of their times. Not just buyers, […]
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Hyderabad: Hyderabad-based pharmaceuticals company Dr Reddy’s Laboratories reported a multi-fold increase in its consolidated net profit at Rs 706.5 crore for the quarter ended 31 December 2021, up from Rs 19.8 crore in the corresponding quarter last fiscal. The company’s revenues went up to Rs 5,319.7 crore during the third quarter compared to Rs 4,929.6 […]
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The Subject Expert Committee (SEC) of the Central Drugs Standard Control Organisation (CDSCO) had also recommended the internasal vaccine clinical trials during the last meeting.
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Hyderabad: Granules India said on Friday that the US Food & Drug Administration (US FDA) has approved the Abbreviated New Drug Application (ANDA) filed by Granules Pharmaceuticals, Inc (GPI)., a wholly owned foreign subsidiary of Granules India, for Potassium Chloride for Oral Solution USP, 20 mEq. Potassium chloride is used to prevent or to treat low […]
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Hyderabad: Hyderabad dominates new residential launches in 2021 among the top cities of India. The city tops the charts contributing 26.1 per cent of the launches in the country, followed by Pune with 17.6 per cent, Bengaluru with 16.4 per cent and Mumbai with 16.1 per cent. Hyderabad saw the launch of 36,367 units in 2021, […]
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"This is Lamborghini`s historical first NFT project. In collaboration with the artist Fabian Oefner, Lamborghini developed five art pieces, that will go on auction on February 1," the company said in a statement.
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New Delhi: The global smartphone market grew for the first time since 2017, with annual shipments reaching 1.39 billion units in 2021, with Samsung leading the pack with 271 million units, a new report showed on Friday. Despite the 4 per cent annual growth, annual shipments remained below the pre-pandemic level due to continued Covid-19 […]
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The $700 million equity investment in Bharti Airtel is at a price per share of Rs 734, while $300 million will go towards investments in scaling Airtel's offerings that covers a range of devices to consumers.
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According to the company, thanks to a remarkable customer response to its new iPhone 13 family, it set records in both developed and emerging markets.
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The company posted an all-time revenue record of $123.9 billion, up 11 per cent year over year, and quarterly earnings per diluted share of $2.10.
