Business

Hyderabad: Hyderabad surpassed Bengaluru with nearly 3 million sq ft of net absorption recorded during the fourth quarter of 2021, pushing Bengaluru to second place, which followed closely with 2.4 million sq ft. Hyderabad emerged the top market in terms of absorption among top seven cities of India. During Q4 2021, Hyderabad recorded higher absorption […]

New Delhi: The Subject Expert Committee (SEC) of the Drug Controller General of India (DCGI) is expected to meet on Tuesday afternoon to discuss Bharat Biotech’s application for clinical trials of its intranasal Covid vaccine as a booster or a third dose. The Hyderabad-based manufacturer has proposed the booster dose for those who have been […]

Hyderabad: Hyderabad-based pharmaceutical company Granules India appointed Dr KVS Ram Rao as joint managing director & CEO with effect from January 05, 2022. Dr Rao has over two decades of experience in pharmaceutical and chemical industries. Dr Ram Rao holds a bachelor’s degree in chemical engineering from Osmania University, Hyderabad, and a master’s degree & […]

Hyderabad: I-Venture @ ISB, with an aim to provide increased acceleration support to women-founded / co-founded startups has launched the ‘Women of Innovation (I-WIN)’ programme. I-WIN aims to mentor and handhold women entrepreneurs to scale up their business modules and in the process pave new growth trajectories. Sector agnostic startups with a minimum of one-year […]

New Delhi: India’s merchandise exports in December 2021 rose to $37.29 billion, higher by 37 per cent on a year-on-year basis, preliminary data showed on Monday. Exports in December 2020 stood at $27.22 billion. According to the data furnished by the Commerce and Industry Ministry, last month’s exports rose by 37.55 per cent over December […]

Hyderabad: One Moto, a British electric vehicle company, has signed a memorandum of understanding with Telangana Government for setting up its India manufacturing unit. The new facility is likely to come up on the outskirts of Hyderabad. The plant will create almost 500 direct and 2,000 indirect jobs in the State. Hyderabad has emerged as […]

Hyderabad: The stock market in recent times has exhibited wide movements either ways. In days it rose, BSE was up about 800 to 1,000 points, aiding in wealth creation. On days it dived, it fell around 700 or more points, giving an opportunity for the existing investors to buy stocks at a lower price. The […]

Hyderabad: TiE Hyderabad, the global entrepreneurial network, has announced that Suresh Raju will take over the reins as chapter president for 2022. Suresh Raju is the founding managing partner, Jupiter Alternative Investment Fund that invests into equities and equity-related securities using a proprietary quantitative investment model to maximise risk adjusted returns. He was vice president, […]

Hyderabad: RACEnergy, an electric vehicle infrastructure company, inaugurated its first battery swap station in Hyderabad along with Hindustan Petroleum Corporation Limited (HPCL). Jayesh Ranjan, principal secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of Telangana government, and Gautham Maheswaran, CTO and co-founder, RACEnergy, inaugurated the first station at HITEC city. The […]

New Delhi: With a view to empowering knowledge on crypto and blockchain ecosystem, CryptoWire, a global crypto super app which is a special business unit of TickerPlant, Monday announced the launch of India’s first index of Cryptocurrencies – IC15, which is a rule-based broad market index by market capitalisation. The IC15 tracks and measures the […]

Hyderabad: Hyderabad-based NCC has received five new orders totalling to Rs 1,898 crore (exclusive of GST) in the month of December 2021. Out of this, three orders of Rs 988 crore pertain to building division and the remaining two orders of Rs 910 crore pertain to water division. These orders are received from State government […]

Chennai stood a far second with 86 per cent growth at 12,530 units in 2021 compared to 6,740 units in 2020, while Bengaluru recorded lowest growth among top seven cities.

Florida: A new study has found that if you are a night owl, making your investment decisions first thing in the morning might be a bad idea. The research has been published in the ‘Journal of Business Venturing’. The study showed time-based factors, like time of day and whether you’re a morning or evening person, […]

Hyderabad: The startup ecosystem in Hyderabad has seen a high degree of growth in the last few years. The innovation-centric approach of the government by establishing incubators like T-Hub and WE Hub along with technology-focused institutions like IIIT-H, IIT-H, and also innovation-led entities such as RICH, TASK, TSIC and TWorks has pushed the envelope for […]

New Delhi: Oil marketing companies (OMC) have kept the prices of diesel and petrol unchanged across major Indian cities since November 3, 2021, when the Centre and some states reduced duties on them. Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre on Sunday, respectively. In […]

Hyderabad: If you are a food lover or regularly order food online, you are going to feel the pinch when you place your next order with food aggregators such as Swiggy or Zomato. Effective January 1, food aggregators will have to collect and deposit tax at five per cent, as food vendors who are currently […]

Hyderabad: Sify Technologies, an ICT solutions provider, through its wholly owned subsidiary Sify Infinit Spaces Limited (SISL), is looking to expand its presence in Hyderabad and other key metros in the data centre space. The company currently operates a Global Data Centre and Technology Innovation Centre in Gachibowli, Hyderabad, where it has invested over Rs […]

New Delhi: GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month last year, the Finance Ministry said on Saturday. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when revenue from […]

Gurugram: Digital-first consumer brands platform Honasa, that owns personal care brands like Mamaearth, on Saturday said it has raised $52 million led by Sequoia, becoming the first Indian unicorn of 2022. Along with launching new brands, Honasa Consumer Pvt Ltd said that it will continue to aggressively expand distribution for existing brands – Mamaearth and […]

New Delhi: The Mumbai Income Tax team, which is conducting raids at the premises of Uttar Pradesh businessmen Pushapraj Pampi Jain, Anup Jain, Mahavir Prasad, Faizan Malik and Malik Mian, have collected a lot of evidence against them and are examining the balance sheets of FY 2016-2021. The raids, which started in the early morning […]

New Delhi: All-India power production increased marginally in November 2021 supported by increase in generation from renewable sources, said India Ratings and Research (Ind-Ra). Accordingly, the total all-India generation increased marginally by 2 per cent to 99.4BU (billion units) in November 2021. “The overall increase in generation was, however, supported by a 16.4 per cent […]

New Delhi: A pickup in Centre’s infra development activities is expected to raise cement demand in January, said Motilal Oswal Financial Services Ltd. (MOFSL). According to MOFSL, cement demand has started picking up from the second half of December 2021 after the volume decline in November 2021. “We estimate that sales volume in December 2021 […]

The new devices feature faster-charging speeds, a better camera setup on the back, improved displays and more.

Mumbai: GST Mumbai East Commissionerate of Mumbai Zone on Friday detected a GST evasion worth Rs 40.5 crores and recovered Rs 49.20 crores in cash pertaining to GST evaded, interest and penalty from the cryptocurrency exchange WazirX. As per a press release from the Commissionerate, the detection was made while investigating the business activities of the […]