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Home  Business

Business

Exports jump 67% to USD 32.21 bn in May; trade deficit at USD 6.32 billion

Exports jump 67% to USD 32.21 bn in May; trade deficit at USD 6.32 billion

  • Data protection provider OwnBackup acquires Nimmetry

    US-based Nimmetry has a presence in Hyderabad, and provides a unified platform for seamless integration of big and small SaaS-based data using a microservices architecture
  • Audio-only social media platform ‘Clubhouse’ gaining popularity

    Within two weeks of its launch, the platform has garnered 20 lakh downloads on Google Play.
  • Sale of large-sized homes in Jan-Mar rise in India: PropEquity

    During the same period last year a total of 25,307 large sized units were sold.
  • Urban Company raises over Rs 1,868 cr, to enter 100 Indian cities

    Urban Company (formerly UrbanClap), which served over 25 lakh households in India in the pandemic year, told IANS that by July, the firm will be back to its March (pre-second Covid wave) growth levels
  • Boys and Machines opens showroom in Hyderabad

    The Hyderabad dealership, which will be spread out across 3,500 square feet, will primarily focus on high-end sports luxury cars.
  • Renault Nissan Auto & workers’ union sign interim peace deal

    The RNITS also agreed to maintain social distance in canteen, handwash, bus boarding and other areas and ask the workers to wear masks at all times.
  • Zoom posts 191% quarter growth in remote work, learning era

    Reporting a total revenue of $956.2 million in its first quarter, Zoom has raised its total guidance range to $3.975 billion to $3.990 billion for the full fiscal year.
  • GST was notified with horrendous rates of tax: Chidambaram

    Congress Chief Minister Ashok Gehlot and Bhupesh Baghel have slammed the Centre for not including members from Congress ruled states in the GoM.
  • No increase in petrol, diesel prices on Wednesday

    Premium petrol price has already crossed the Rs 100 per litre mark in several parts of the country through increase in the retail rates in the month of January and February.
  • Samsung’s exit, chip shortage hit global monitor panel market

    TrendForce indicates that SDC will exit the monitor LCD panel manufacturing business after it reaches its shipment target of 1.2 million panels in 1H21," it said.
  • Akamai to strengthen security portfolio

    Focus will be on areas such as zero trust products and fraud protection
  • Automotive sales dip in May amid second wave

    The country's largest carmaker Maruti Suzuki India (MSI) reported a 71 per cent decline in total sales to 46,555 units in May.
  • India’s manufacturing sector activity slips in May

     Companies observe the slowest rises in new work and output in ten months amid intensification of Covid crisis
  • SBI opens Cyberabad Administrative Office

    Cyberabad module will have four regional business offices with around 180 branches.
  • MEIL imports three cryogenic oxygen tanks for Andhra Pradesh

    On Tuesday, a defence special flight from Singapore landed with tankers at 6 pm at Pangarh Air Force Station in West Bengal.
  • Telangana is torch bearer of development: FTCCI

    FTCCI mentioned swift and transparent clearances through TS-iPASS, State lending a helping hand to entrepreneurs through T-Hub and We Hub.
  • Capital Float crosses Rs 2,000 cr financing

    Additionally, Capital Float's Walnut app surpassed the 500,000 active customers mark and has seen considerable traction for consumer credit, personal financial management and insurance.
  • Coal India Ltd’s coal offtake up 38% to 55 MT in May

    Even compared to pre-COVID May 2019, the growth was 5.8 per cent when the company's off-take was 52 MT.
  • Eli Lilly gets nod for antibody drugs combination

    Bamlanivimab and etesevimab combination has been authorised under Emergency Use Authorisation in the US and select EU countries for the treatment of the disease.
  • Rupee falls for second day, declines 28 paise to 72.90 against US dollar

    On the domestic equity market front, the BSE Sensex ended 2.56 points lower at 51,934.88, while the broader NSE Nifty fell 7.95 points or 0.05 per cent to close at 15,574.85.
  • Mindspace extends Covid-19 support to Hyderabad

    Ties up with Hyderabad City Security Council and Society for Cyberabad Security Council to assist frontline warriors and marginalised Covid affected patients
  • Maruti Suzuki total sales decline 71 pc in May over April  

    Sales of mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year.
  • BSE signs pact with ESC to encourage listing of startups

    ESC will assist in sensitising its investor network for investing in SMEs listed on the BSE SME platform.
  • Canadian firm, Biological E partner for mRNA vaccine to combat Covid-19

    Hyderabad-based firm to run pivotal trial in India and seek emergency use authorisation, and target to reach one billion dose production capacity in 2022
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