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  • Business

    Sensex rebounds over 500 points in early trade; Nifty reclaims 14,500

    Mumbai: The benchmark BSE Sensex rebounded over 500 points and the NSE Nifty recaptured the key 14,500-level in the opening session on Tuesday, as investor sentiment improved following the government's policy response to the resurgence of COVID cases in the country. The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals;...

    • 4 hrs ago
  • Business

    Rupee rises 23 paise to 74.64 against US dollar in early trade

    Mumbai: The rupee advanced by 23 paise to 74.64 against the US dollar in opening trade on Tuesday, tracking weaker dollar against key rivals and a positive trend in the domestic equity market. Forex traders said the government's decision to open COVID-19 vaccination to all above 18 years from May 1 lifted investor sentiment. At the interbank forex market, the local unit opened...

    • 4 hrs ago
  • Business

    Equity management platform Qapita raises funds

    Hyderabad: Equity management platform, Qapita, which has its office in Hyderabad, on Tuesday announced that it has raised a $5 million (approximately Rs 37 crore) in Pre-Series A funding. The round of funding was led by MassMutual Ventures along with participation from Hyderabad-based venture capital firm Endiya Partners and India-based angel investors including Anjali Bansal (founder of Avaana...

    • 4 hrs ago
  • Business

    T-Hub partners with UK's Digital Catapult

    Hyderabad: Telangana's startup ecosystem builder T-Hub on Tuesday announced a partnership with Digital Catapult supported by the UK Government's Department for Business, Energy & Industrial Strategy and Foreign, Commonwealth and Development Office (FCDO) to boost UK-India collaborations. The partnership has enabled the creation of 'The UK-India Immersive Technology Sustainability...

    • 4 hrs ago
  • Business

    Gold jumps Rs 411; silver gains Rs 338

    New Delhi: Gold rallied by Rs 411 to Rs 47,291 per 10 gram in the national capital on Monday reflecting strong buying in the global precious metal and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,880 per 10 gram. Silver also gained Rs 338 to Rs 68,335 per kilogram from Rs 67,997 per kilogram in the previous trade. The Indian rupee slumped...

    • 20 hrs ago
  • Business

    P&G commissions solar plant in Hyderabad

    Hyderabad: Procter & Gamble commissioned its first in-house solar plant at its Hyderabad manufacturing site. This is P&G's first site in India and only the fifth manufacturing site globally to house a solar plant. Spread over 16,000 sq mt and comprising of nearly 3,000 panels, the in-house solar plant has a capacity of 1MW clean energy production and will reduce P&G's carbon...

    • 20 hrs ago
  • Business

    Supreme Court stays proceedings in Amazon-Future case

    New Delhi: The Supreme Court Monday stayed the ongoing proceedings before the Delhi High Court in the case related to the amalgamation of Future Retail Ltd (FRL) with Reliance Retail. A bench of Justices R F Nariman, B R Gavai, and Hrishikesh Roy posted the matter for hearing on May 4 and directed that all pleadings be completed in the matter. Amazon had moved the apex court on April 8...

    • 20 hrs ago
  • Business

    Covid woes resurface; investors lose Rs 3.53 lakh crore

    Mumbai: The Sensex plunged 883 points while the Nifty crashed below the 14,400-level on Monday as the worsening Covid-19 situation in the country triggered an across-the-board selloff. Fresh lockdowns announced by some states have stoked concerns over the economic recovery, while another sharp drop in the rupee also weighed on risk appetite, traders said. After crashing over 1,469 points...

    • 20 hrs ago
  • Business

    IEX starts cross-border electricity trade

    New Delhi: The Indian Energy Exchange (IEX) on Monday announced the commencement of cross-border electricity trade (CBET) on its platform. This is a first-of-its-kind initiative for the exchanges to expand their power markets beyond India to the South Asia region towards building an integrated South Asian regional power market, IEX said in a statement. In a remarkable development following the...

    • 20 hrs ago
  • Business

    Automakers fear dent in sales as covid cases surge

    New Delhi: Automobile companies like Maruti Suzuki India (MSI), Toyota Kirloskar Motor, and Honda Cars fear dent in sales as Covid-19 cases surged across the country. The country's largest carmaker MSI stated that the auto sales were correlated closely with economic growth and also (being a discretionary purchase) with the consumer sentiment. "The Covid-19 situation deterioration is...

    • 20 hrs ago

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