Business

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 […]

Hyderabad: Union Bank of India organised a mega MSME credit camp at Hyderabad as part of its ongoing nationwide MSME Festive Bonanza Campaign. Nitesh Ranjan, ED, Union Bank of India flagged off the mega camp. During this special camp day, Hyderabad Zone has mobilised over 400 new business accounts amounting to Rs 1,600 crore. The […]

The Delhi lab is NABL and ICMR certified and is equipped with state-of-art technology to provide services including Covid-19 tests (RT-PCR & antibody tests), blood tests and imaging, genomic tests and genetic counseling.

Chennai: TI Cycles of India (TII), part of the Murugappa Group, announced Montra brand to lead its Electric Vehicle (EVs) business. Montra, an existing brand under TII has stood for achievement, strength, fearlessness and an ambitious spirit. With the rapidly evolving mobility landscape, the brand too is evolving while retaining its values. To begin with […]

Hyderabad: Hyderabad-based Pennar Group, an engineering products and solutions company, has bagged orders worth Rs 582 crore across its various business verticals during the months of October and November 2021. The pre-engineered building vertical received orders for construction of manufacturing facilities, warehouses, solar P V modules, structural steel, from customers such as Ultratech Cement, Shri […]

Hyderabad: The Telangana Blockchain District, anchored by the Telangana government and Crypto unicorn CoinSwitch Kuber, on Friday launched the India Blockchain Accelerator. The four-month accelerator is part of the efforts of the State to make Telangana the ‘Blockchain Capital of the World’. Telangana will provide the required regulatory framework to enable and promote blockchain growth. […]

New Delhi: The Competition Commission of India (CCI) on Friday slapped Rs 202 crore penalty on Amazon for providing false information and suppressing material particulars in the deal to acquire a stake in Future Coupons Private Ltd (FPCL). The competition watchdog has also suspended the deal. In 2019, the US-headquartered e-commerce giant Amazon announced the […]

Hyderabad: Telangana government is aiming to make the State a hub for cyber security services and cyber warriors for the country and to enable this, a cyber legislation is being drafted, which is the first such effort by any State in India. Speaking at the inauguration of Cotelligent’s Cyber Warrior Centre of Excellence at Hyderabad […]

Hyderabad: After securing his dream job at 22, Srinath Rao was clear that he will work till 27 and get married only when he buys a house. He has been living in a rented apartment that is closer to his office and finds it quite convenient in terms of commute. He also does not have […]

New Delhi: After it was badly battered by pandemic-led lockdowns, the ease in restrictions and subsequent economic recovery has boosted the volumes of the domestic real estate sector, say industry insiders and analysts. The trend is expected to continue during the upcoming year, they say, adding that the sector’s current volumes have almost reached the […]

New Delhi: Telecom operator Bharti Airtel on Friday said it has paid Rs 15,519 crore to the government towards prepayment of its entire deferred liability pertaining to spectrum acquired in the 2014 auction. The company had acquired 128.4 MHz spectrum (including Telenor spectrum) for a consideration of Rs 19,051 crore in the 2014 auction, Airtel […]