Business

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.

This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.

BY Gayathri Hariharan Hyderabad: Hyderabad-based start-up Bask Associates has announced its formal foray into the market through a first-of-its-kind freshly brewed coffee on the go model in the country – The Brew Tribe at the T-Hub, on Wednesday. The initiative was formally launched by IT and Industries Department Principal Secretary Jayesh Ranjan in the presence […]

Hyderabad-headquartered Qwipo is a technology-enabled B2B platform in groceries and FMCG retail space addressing the bulk procurement and logistics needs of the business retailers. With an objective to transform wholesale retail in India, the company was founded in 2018 with technology-led digital intervention in the supply chain. Siva Morisetti, founder & CEO, Qwipo tells Y […]

Hyderabad: Hyderabad, which has emerged as one of the top office markets in the country, is likely to witness 8 mn sq ft of office space absorption this year, comparable to the pre-pandemic leasing that the city has seen. The city is estimated to have pre-commitments of 1 mn sq ft in buildings nearing completion […]

Hyderabad: Hogar Controls Inc, a global IoT firm that has chosen Hyderabad to set up its R&D & assembling unit in 2019 at Uppal is setting up a larger (1 lakh sq ft) integrated facility in Raidurg for R&D, testing and assembly. The company is constructing the facility, which is expected to go on stream […]

A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms and listed the plea for hearing on February 23.

The 30-scrip BSE Sensex was up by 503.79 points or 0.87 per cent at 58312.37 at 9.30 am.

Hyderabad: Grip Invest is an investment marketplace that provides retail investors with options to co-invest and have partial ownership in physical assets that generate lease income. The company provides a lease finance platform where investors can purchase and lease assets to companies, providing them an additional investment tool while enabling companies to grow faster by […]

Hyderabad: Continuing with its efforts to get big players to set up their operations in Telangana, the State government has succeeded in getting German MNC Bosch Global Software Technologies to set up its operations in Hyderabad. The proposed facility, which will also focus on research and development, will provide employment to about 3,000 people, Industries […]

Hyderabad: Hyderabad-based Granules India reported a 31.3 per cent decline in its net profit for the third quarter ended December 2021. The company’s profit stood at Rs 101 crore compared to Rs 147 crore reported during the corresponding period of the previous year. The dip in profit is driven by reduction in gross margin and […]