Business

Hyderabad: India is heavily reliant on bullion imports to meet its domestic demand. Over the five-year period 2016-2020, imports made up 86 per cent of India’s gold supply, while recycling accounted for 13 per cent and mining accounted for just one per cent. Since the first duty hike in 2012, India has imported some 6,581 […]

Kolkata: Former Reserve Bank of India Governor Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in the country. Speaking at a webinar organised by the National Stock Exchange (NSE) and New York University (NYU) Stern School of Business, Rao also said India’s case […]

The challenge invites early-stage Indian startups to demonstrate solutions for 5G, IoT, Cloud Communications, Digital Advertising and Digital Entertainment.

New Delhi: With an aim to increase the penetration of digital payments, the Reserve Bank of India has decided to develop the UPI platform for feature phones. India has one of the largest mobile phone users base, with around 118 crore users. A large part of them use feature phones. “In the first cohort of […]

Hyderabad: Hyderabad-based Dr Reddy’s Laboratories and Prestige BioPharma have entered into a binding agreement for an exclusive partnership for the supply and commercialisation of Prestige BioPharma’s proposed trastuzumab biosimilar in select countries in Latin America and Southeast Asia. Prestige BioPharma’s trastuzumab (HD201) is a proposed biosimilar to Roche’s Herceptin and can be prescribed for the […]

Hyderabad: pTron, Hyderabad-based digital lifestyle and audio accessories company, launched its new Environmental Noise Cancellation (ENC) series true wireless stereo (TWS) earbuds Bassbuds Tango. With remote work and entertainment becoming the new norm, pTron sought to develop a next-level earbud that would deliver voice quality besides being equipped with industry-leading Digital Signal Processing ENC technology. […]

Hyderabad: Hyderabad, which has been witnessing robust growth in real estate across asset classes quarter-on-quarter, has seen two mega land deals for residential development for a total of 78 acres worth Rs 1,050 crore in 2021 so far. The two separate deals over 78 acres of land are meant for large scale residential development projects […]

The realme GT 2 Pro will be the company's first-ever smartphone to sport the latest flagship Snapdragon 8 Gen 1 chipset and it is expected to start at over $800 (Rs 59,500)

Among the affected employees was the company's diversity and inclusion team, according to reports.

Hyderabad: From technology-based jobs to non-technology jobs, supply of freshers is ruling the roost. As per data findings by Indeed, the number of freshers seeking or searching for jobs has increased by 30 per cent from October 2020 to October 2021. On the other hand, the job posting for young graduates has seen a decrease […]

Hyderabad: Transactions at the Automated Teller Machines (ATMs) beyond the permitted number of transactions will cost Rs 21 plus taxes from January 1. Currently, the charge is Rs 20. Customers will be eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. They will also be eligible […]

New Delhi: India must complete the migration from 2G to 4G to 5G at the earliest and the roll out of 5G should be the country’s national priority to join the next-gen digital transformation bandwagon, said Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL), here on Wednesday. Delivering the virtual keynote address at […]

Hyderabad: Hyderabad-based Recordent, a credit and payment reporting fintech platform in the non-banking sector, formed a strategic partnership with the Food Service Distributors Association (FSDA) to bring access to comprehensive credit & data reports to the FSDA members through its SaaS-based platform. FSDA India is a Trade Association of Distributors & Wholesalers supplying to the […]

Mumbai: Reserve Bank of India (RBI) on Wednesday said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval, subject to fulfilling of certain regulatory capital requirements. At present, banks incorporated in India can infuse capital in their overseas branches and subsidiaries, retain profits […]

Mumbai: The Reserve Bank of India (RBI) on Wednesday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance in the backdrop of concerns over the emergence of the new coronavirus variant Omicron. This is the ninth time in a row that the Monetary Policy Committee (MPC) […]

Washington: The company that runs the philanthropy of Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, is investing up to $3.4 billion to advance human health over 10 to 15 years, according to a spokesperson for the organisation. The Chan Zuckerberg Initiative (CZI) announced Tuesday its new effort is aiming to “observe, measure, and […]

Hyderabad: ISB Institute of Data Science (IIDS) organised a day-long data science summit on artificial intelligence and data science applications on supply chain models with a special focus on retail analytics. The day-long hybrid event brought together 180 researchers, data scientists, and developers to discuss artificial intelligence, data science, applied machine learning, and predictive applications […]

Hyderabad: Hyderabad-based Tanla and Vodafone Idea Limited (Vi) announced a partnership wherein Tanla will be the exclusive provider of solutions to secure, encrypt and enhance performance for the entire international messaging traffic on the Vi network. This partnership centred on Wisely, a cloud-based platform co-developed with Microsoft, is set to lead the global enterprise market […]

Hyderabad: Hyderabad-based Brightcom Group, an adtech company, signed a definitive share purchase agreement to acquire 100 per cent of Vuchi Media Private Limited, operating under the brand name of MediaMint, a digital marketing operations company. The acquisition will be for about Rs 566 crore in cash and stock. As per the agreement, Rs 360 crore […]

Hyderabad: Hyderabad-based pharmacy retail chain MedPlus Health Services on Tuesday fixed a price band of Rs 780-796 a share for its Rs 1,398 crore initial share-sale, which will open for public subscription on December 13. The IPO will close on December 15. The bidding for anchor investors will open on December 10. The initial share-sale […]

Hyderabad: The annual residential property registrations in three (Hyderabad, Rangareddy and Sangareddy districts) of the four districts that constitute the Hyderabad residential market stood at 21,988 units during January to November 2021 period, representing a 16 per cent growth over the January-November period in 2020. The end of the year is a typically slow period […]

Hyderabad: Hyderabad’s aerospace and defence ecosystem received a fresh boost as the US-based Lockheed Martin formally recognises Tata Lockheed Martin Aerostructures Limited (TLMAL) as a potential future co-producer of fighter wings. TLMAL’s Hyderabad facility indigenously produced the first fighter wing shipset. KT Rama Rao, Minister for Industries and Commerce, Telangana, along with other government officials, […]

Hyderabad: Telangana-based startup ecosystem builder T-Hub has announced the seventh batch of its seed accelerator programme Lab32. It has on-boarded 23 startups for the new batch and the new programme guides entrepreneurs to refine their products for market fitness and create maximum economic and social impact. The three-month seed accelerator hybrid programme will commence on […]

New Delhi: Used car retailing platform Spinny on Tuesday announced the closure of a $283 million funding from new and existing investors, taking its valuation to $1.8 billion and becoming another unicorn in 2021. The company said the raised capital would be utilised to bolster the customer experience, strengthen technology and product capabilities and build […]