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Home  Business

Business

Rupee surges 29 paise to 74.84 against US dollar in early trade

Rupee surges 29 paise to 74.84 against US dollar in early trade

  • Sensex, Nifty up over 1% in early trade

    Mumbai: The 30-scrip Sensitive Index (Sensex) gained sharply in early trade session on Wednesday. At 9.30 a.m. the S&P BSE Sensex traded at 57737 points, up 1.15 per cent. It opened at 57365 points from the previous close of 57064 points. Till now it touched a low of 57365 points. Besides, the broader 50-scrip Nifty at […]
  • Lokal to expand footprint pan-India

    Hyderabad: Lokal, a hyperlocal social media platform, which empowers non-English speakers of tier 2/3 cities of India with digital growth opportunities, information exchange and community building, is set to expand its operations pan-India. Started as an informative WhatsApp group in Kodad, Suryapet district of Telangana, the social platform has today spread its presence all over […]
  • eInfochips expands design centre in Hyderabad, to hire 250 engineers

    Hyderabad: eInfochips, a provider of product engineering and semiconductor design services, expanded its Hyderabad design centre to cater to growing customer demand and plans to add 250 engineers by FY23. As part of this expansion, the company will hire about 100 engineers in the next six months and will add about 150 engineers for the […]
  • Bessemer Venture Partners raises $220 mn to back next-gen innovators in India

    New Delhi: Bessemer Venture Partners (BVP) on Tuesday announced the closure of a USD 220 million fund (about Rs 1,653 crore) in India to back the next generation of innovators in India. The fund will focus primarily on early-stage investments, consistent with Bessemer’s approach of starting with seed and Series-A investments and sticking with companies […]
  • Rupee recovers 21 paise to 74.86 against US dollar in early trade

    Mumbai: The rupee recovered 21 paise to 74.86 against the US dollar in opening trade on Tuesday, as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiments. At the interbank foreign exchange, the rupee opened on a strong note at 74.91, then surged higher to 74.86 against the American […]
  • Hyderabad startup Darwinbox automating HR for large firms

    Hyderabad: What could large enterprises like Adani Wilmar, Swiggy and JSW have in common? They all use the same HR technology platform that has been developed by three Hyderabad-based entrepreneurs. Darwinbox, which is a city-based HR technology startup have served over 600-plus clients since 2016 and has over 10 lakh users on its platform. The […]
  • Omnichannel meat brand Nandu’s forays into Hyderabad

    Hyderabad: Nandu’s, a hyperlocal and omni-channel meat brand, has announced its entry into the Hyderabad market, as part of its pan-India expansion strategy. Launched with one store at Addagutta Society, Kukatpally and a second one at KPHB Colony, Kukatpally, ready for launch in a week’s time, the Bengaluru-based company plans to set up five new […]
  • Fintech firm Slice becomes India’s new unicorn

    The round was led by Tiger Global and New York-based global private equity and venture capital Insight Partners.
  • Moto G31 smartphone launched for Rs 12,999 in India

    The smartphone is priced in India, starting at Rs 12,999 for the 4GB RAM+64GB storage option and Rs 14,999 for the 6GB RAM+128GB storage option.
  • List of revised tariff plans offered by Jio, Airtel and Vodafone Idea

    Hyderabad: After Airtel and Vodafone Idea announced an increase in their tariff plans for prepaid customers, Reliance Jio has joined the bandwagon. As per reports, these three operators – which cover 90 per cent of users – have increased their tariff plans by 20-25 per cent. While Airtel announced that its new tariff plans will […]
  • Bharat Biotech commences Covaxin exports

    Hyderabad: Hyderabad-based Covid-19 vaccine (Covaxin) maker Bharat Biotech on Monday said the company has commenced the exports of the vaccine. “Long pending export orders have been executed during November, to be further expanded during the following months. With the number of countries that have granted emergency use approvals for Covaxin increasing, exports to additional countries […]
  • No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman

    She also informed the House that the government does not collect data on Bitcoin transactions.
  • upGrad to acquire Australia based study abroad market leader GSP

    upGrad will invest $16 million to buy 100 per cent of GSP and commit a further $10 million for future growth. GSP is slated to close its current financials at a GMV of over $10 million, which will grow fourfold in the coming year.
  • Hyderabad-based MTAR Technologies to expand presence in clean energy

    Hyderabad: Hyderabad-based MTAR Technologies, a precision engineering solutions company that makes mission critical precision components for multiple sectors, is strengthening its presence in clean energy, and is planning to expand its overall headcount from over 1,500 currently to about 2,500 in the next 1-2 years, in its efforts to become an integrated systems company.   […]
  • Sensex, Nifty pare losses in choppy trade; Reliance, TCS advance

    In a highly volatile market, the 30-share index BSE Sensex was trading higher by 375.23 points or 0.66 per cent at 57,482.38 points at 1140 hrs.
  • Jio announces up to 21 pc hike in tariffs from Dec 1

    New Delhi: After Bharti Airtel and Vodafone Idea, India’s largest mobile operator Reliance Jio on Sunday announced up to 21 per cent hike in its prepaid tariffs from next month. The tariff hikes entail JioPhone Plan, Unlimited Plans, and data add on, and range between 19.6 per cent and 21.3 per cent. “In line with […]
  • Lava AGNI set to give tough competition to Chinese phones

    Compared to other players, the domestic smartphone company is quite late to launch a 5G smartphone. However, it still doesn't make any difference as 5G services haven't begun yet for the users in India.
  • Agoro helping farmers unlock carbon financing

    Hyderabad: Agoro Carbon Alliance, a body of farmers, agronomists and businesses, backed by Yara, one of the global crop nutrition companies, is working with farmers towards carbon financing by originating, verifying and selling carbon credits through sustainable agriculture. Agoro works with farmers to create a stepwise plan to transition towards creating climate-positive farm management practices. […]
  • US dollar falls amid rising risk aversion

    The dollar index, which measures the greenback against six major peers, decreased 0.75 per cent at 96.0468 in late trading.
  • Apple becomes largest smartphone brand in China in Oct 2021

    According to market research firm Counterpoint, driven by the iPhone 13 series, Apple's sales grew 46 per cent MoM, the highest among all major OEMs in the country.
  • CREDAI sounds caution on pre-sale schemes

    Hyderabad: Confederation of Real Estate Developers’ Associations of India’s (CREDAI) Hyderabad and Telangana units have appealed to people not to buy unapproved properties and desist from falling prey to pre-launch, undivided share (UDS) and pre-sale schemes. The CREDAI units along with Telangana Real Estate Developers’ Association (TREDA), Telangana Builders Federation (TBF) and Telangana Developers Association […]
  • Exim Bank in talks with Hyderabad firms for project finance

    Hyderabad: Export-Import Bank of India (India Exim Bank), which facilitates financing to companies involved in exports and imports, is in an advanced stage of discussion with four companies in Hyderabad from different sectors and is going to initiate talks with 10 more companies in the coming months. N Ramesh, deputy managing director, India Exim Bank, […]
  • India Exim Bank to finance two Hyderabad firms for Covid-19 vaccine development

    Hyderabad: To combat the Covid-19 pandemic, India Exim Bank is expecting to finance $100 million to the vaccine segment this fiscal, which may include development of vaccines or intermediaries needed in the vaccine development, to cater to the growing demand from export markets. This will benefit at least two companies in Hyderabad out of seven […]
  • Hyderabad co-working space demand set to grow

    employees, in the new normal, companies such as Awfis are expanding their footprint in Hyderabad by adding premium workspaces.
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