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Home  Business

Business

Samsung expects record $11 bn profit in Q2 on robust chip biz

Samsung expects record $11 bn profit in Q2 on robust chip biz

  • RBI launches latest round of quarterly survey on manufacturing sector

    "The survey provides valuable input for monetary policy formulation," the RBI said while announcing the launch of 54th round of the survey.
  • Sebi defines ‘same line of business’ under delisting rules

    Defining the 'same line of business', Sebi said at least 50 per cent of revenue from the operations of the listed holding and listed subsidiary company must come from the same line of business, said SEBI.
  • TVS Motor expects swift recovery

    "Despite the rising active cases, the company remains confident that adverse impact would be lower and bounce back swifter," TVS Motor Company said in its Annual Report for 2020-21.
  • India’s hiring rate recovers: LinkedIn

    India's hiring rate on LinkedIn dropped from 50 per cent in March 2021 to 10 per cent in April 2021.
  • Bajaj Auto cuts Dominar 250 price

    The Dominar 250 comes with a 248.8 cc petrol engine.
  • GST revenue slips below Rs 1 lakh cr mark in June

    The gross GST revenue collected in the month of June 2021 stands at Rs 92,849 crore of which Central GST is Rs 16,424 crore, State GST Rs 20,397, Integrated GST Rs 49,079 crore
  • Uber’s Hyderabad tech team develops new feature on Eats app

    ‘Merchant Stories’ helps customers seamlessly discover the latest offerings from their favourite restaurants, while also assisting Uber merchants to display their delicacies
  • Domestic air passenger traffic back to growth trajectory in June

    On a sequential basis, domestic passenger traffic was up 41-42 per cent in June over May.
  • Biological E, Dynavax ink commercial supply agreement

    Hyderabad vaccine maker to purchase CpG 1018 adjuvant from Dynavax for use in the commercial production of Biological E’s Covid-19 vaccine candidate Corbevax
  • Amazon India launches two all-women delivery stations in Kerala

    The launch of these all-women delivery stations complements Amazon India's efforts to increase the opportunities for women in the logistics sector.
  • Tata Motors shares hit 10pc lower circuit

    At 3 p.m., its shares on the BSE were at Rs 321.40, lower by Rs 24.65 or 7.12 per cent from its previous close.
  • Telangana keen on a mechanism to support micro enterprises

    KTR asks banking fraternity to not invoke the provisions of Sarfesi Act. Asks them to conduct techno-economic viability study of units and try to rescue them
  • Hyderabad records 2.4 mn sq ft of warehousing leasing in FY 2021

    E-commerce sector was the primary driver of warehousing demand contributing to 54 per cent of the total transactions, according to Knight Frank.
  • Hyderabad registers 121% residential sales growth in Q2 2021

    Emerges as the only city in India to record annual and quarterly increase in launches, sales and annual price appreciation, shows PropTiger research.
  • Rupee gains 6 paise to 74.25 against US dollar in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08 per cent down at 92.13.
  • Sensex rises 55 points in early trade; Nifty tops 15,860

    UltraTech Cement was the top gainer in the Sensex pack, rising 0.69 per cent, followed by HDFC Bank, Maruti, Tata Steel, Titan and Bajaj Auto, HDFC, M&M, L&T and Bajaj Finance.
  • Increase in household debt stress is worrying: SBI report

    "The decline in bank deposits in FY21 and concomitant increase in health expenditure may result in further increase in household debt to GDP in FY22," said the report.
  • HDFC Bank loans rise over 14pc in June

    Domestic retail loans by the end of the first quarter of the current fiscal moved up by 10.5 per cent year-on-year, while the domestic wholesale loans grew by around 17 per cent.
  • B New Mobiles to set up 25 new stores in Hyderabad

    The mobile outlet company has served over 50 lakh customers so far and has over 700 people across Telangana and Andhra Pradesh.
  • Higher petroleum taxes to rescue govt’s stimulus packages this year

    Petroleum sector met a large part of actual fund infusion required to support the biggest ever Rs 20 lakh crore economic package announcement by Prime Minister Narendra Modi in May, 2020
  • Services sector activities slump at fastest rate in 11 months in June: PMI

    India Services Business Activity Index fell from 46.4 in May to 41.2 in June, as new work intakes and output contracted at the fastest rates since July 2020, which prompted companies to reduce employment again.
  • Restaurants’ body moves CCI against Zomato, Swiggy

    According to the NRAI, the anti-competitives actions of the aggregators include bundling of services, data masking, exorbitant commission charges, price parity agreements and deep discounting.
  • Superphone Mi 11 Ultra goes on sale in India on July 7

    The limited first sale of the Mi 11 Ultra that comes for Rs 69,990 was delayed in the country due to circumstances beyond the control of Xiaomi.
  • Kotak Investment Advisors raises Rs 1,386 crore for pre-IPO fund

    The pre-IPO fund will invest in India-focused late-stage new-age businesses with a strong moat of technology, robust unit economics, scalable business models and exit visibility
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