BUSINESS

    Experience Luxury and Comfort at Hotel IK London, Hyderabad Christmas Offer 10% Off on Rooms And Banquet Bookings

    Experience Luxury and Comfort at Hotel IK London, Hyderabad Situated in the heart of Hyderabad, Hotel IK London is a premier destination for travelers seeking a blend of modern luxury and traditional warmth. Whether you’re in town for business or leisure, this elegant hotel promises an unforgettable stay, offering unmatched comfort, exquisite amenities, and personalized service. Unparalleled Location Hotel IK London is strategically located, providing easy access to the city’s top attractions, business hubs, and entertainment centers. With close proximity to the Hyderabad International Convention Centre (HICC), HITEC City, and iconic landmarks like the Charminar and Hussain Sagar Lake, guests are perfectly positioned to explore the best of the city. Sophisticated Rooms and Suites Step into a world of contemporary elegance with Hotel IK London’s spacious rooms and suites. Each accommodation is thoughtfully designed to offer a sanctuary of relaxation. Equipped with state-of-the-art amenities like high-speed internet, smart TVs, comfortable…
    BUSINESS

    Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar

    Forex traders say the rupee is likely to remain in a weakening mode due to significant dollar demand Mumbai: The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. Forex traders said the rupee is likely to remain in a weakening mode due to significant dollar demand. The Dollar Index (DXY) is expected to remain elevated, with resistance near the 110 level in the near-term amid a reduced likelihood of significant Fed rate cuts in 2025. The Federal Reserve cut rates by 25 basis points on Wednesday, but its forward guidance for 2025 has softened, with expectations reduced from four rate cuts to just two. At the interbank foreign exchange, the rupee opened at 85.07, registering a gain of 6 paise from its previous close. It was later trading at 85.10 against the greenback, a tad above the all-time low…
    BUSINESS

    From January, Honda Cars to hike prices across its model range

    The automaker will increase the prices of its models by up to 2 per cent from the beginning of January 2025, says Honda Cars India Vice President – Marketing and Sales Kunal Behl New Delhi: Honda Cars India on Friday said it will hike prices across its model range by up to 2 per cent from January next year, in order to partially offset the impact of rising input costs. The company sells models such as Amaze, City and Elevate in the domestic market. The automaker will increase the prices of its models by up to 2 per cent from the beginning of January 2025, Honda Cars India Vice President – Marketing and Sales Kunal Behl said. The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added. “However, due to the continued rise in input costs and logistics, a small portion…
    BUSINESS

    Swiggy IPO makes 500 employees ‘crorepatis’; unlocks Rs 9,000 cr worth of ESOPs

    On Wednesday, shares of Swiggy were listed with a premium of nearly 8 per cent against the issue price of Rs 390 on NSE. New Delhi: Swiggy‘s much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the “crorepati” club, with the food delivery and quick commerce major’s listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers, people aware of the details said. Swiggy’s initial share sale had a price range of Rs 371-390 a share. “The total Employee Stock Option Plan (ESOP) pool is worth Rs 9,000 crore, with 5,000 past as well as present employees holding them. At the upper price range of the initial share price (Rs 390), 500 employees out of the 5,000 are set to become crorepatis,” a person in the know shared the details requesting anonymity. On Wednesday, shares of Swiggy were listed with a premium of nearly…
    BUSINESS

    Indian markets slide on heavy selling in Reliance, HDFC bank

    During intra-day trading, the Sensex dropped by 530 points, or 0.67%, reaching 78,158, while the Nifty fell by 180 points, or 0.76%, to 23,702. The Sensex also hit an intra-day low of 77,959 during the session. Mumbai: Indian equity indices traded in deep red on Wednesday due to large selling in the heavyweights like Reliance Industries and HDFC Bank, among others. Sensex was down 530 points or 0.67 per cent at 78,158 and Nifty was down 180 points or 0.76 per cent at 23,702 during the intra-day trading In the trading session, Sensex made an intra-day low of 77,959. The market trend also remained negative. On the National Stock Exchange (NSE), 289 stocks were in the green and 2,163 stocks were in the red. Due to heavy selling, the market capitalisation of all listed companies on the Bombay Stock Exchange (BSE) declined by over Rs 6 lakh crore to Rs 430…
    BUSINESS

    Amid diversification push, Apple plans research subsidiary in India

    The research and development facility would reportedly focus on research, design, testing and providing support to third-party manufacturers New Delhi: Firming up its India presence as Apple diversifies its vast supply chain and research outside of China, the iPhone maker has set up a new research and development subsidiary in the country. The research and development facility would reportedly focus on research, design, testing and providing support to third-party manufacturers. The move to establish a R&D facility in India is significant as this will help the tech giant connect better with the local manufacturing ecosystem player, original equipment manufacturers (OEMs) and create India-specific products and solutions, according to industry players. Apple currently have R&D facilities in the US, China, Germany and Israel. The company did not immediately comment on its India future plans regarding research and development. According to Prabhu Ram, VP-Industry Research Group, CyberMedia Research (CMR), just as China powered Apple’s growth in the past, India is…
    BUSINESS

    Ola Electric launches ‘BOSS of All Savings’ amid record EV sales

    Through the ‘BOSS of All Savings’ offer, Ola Electric is allowing customers to save up to Rs. 15,000 on the purchase of an Ola S1, with potential annual savings of up to Rs. 30,000 due to lower running and maintenance costs compared to an ICE vehicle. Hyderabad: Ola Electric announced the ‘BOSS of All Savings’ as part of its ongoing Biggest Ola Season Sale (BOSS) campaign. The festive season has been remarkable for the EV industry with EV 2W registrations witnessing impressive growth in October 2024 led by Ola Electric, pointing to an increased consumer awareness of the benefits/savings associated with EVs over ICE vehicles. As part of the ‘BOSS of All Savings’ proposition, the company is now providing an opportunity to save up to Rs.15,000on the purchase of an Ola S1 and further up to Rs.30,000 annually with lower running and maintenance costs compared to an ICE vehicle. With the…
    BUSINESS

    Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024

    Samsung maintained the biggest presence in the global top-10 best-selling smartphones list with five spots, followed by Apple with four and Xiaomi with one, according to Counterpoint Research’s Global Handset Model Sales Tracker. New Delhi: Apple iPhone 15 has become the best-selling smartphone globally in the third quarter (Q3) this year, followed closely by iPhone 15 Pro Max and iPhone 15 Pro, according to a report on Thursday. Samsung maintained the biggest presence in the global top-10 best-selling smartphones list with five spots, followed by Apple with four and Xiaomi with one, according to Counterpoint Research’s Global Handset Model Sales Tracker. While Apple’s share of the top-10 list has declined slightly, Samsung’s presence has grown to keep the combined market contribution of the top 10 smartphones at around 19 per cent. “The growing consumer preference for high-end smartphones is gradually narrowing the market share gap between the iPhone’s base and Pro variants,” the…
    BUSINESS

    Ola Electric launches ‘BOSS of All Savings’ amid record EV sales

    Through the ‘BOSS of All Savings’ offer, Ola Electric is allowing customers to save up to Rs. 15,000 on the purchase of an Ola S1, with potential annual savings of up to Rs. 30,000 due to lower running and maintenance costs compared to an ICE vehicle. Hyderabad: Ola Electric announced the ‘BOSS of All Savings’ as part of its ongoing Biggest Ola Season Sale (BOSS) campaign. The festive season has been remarkable for the EV industry with EV 2W registrations witnessing impressive growth in October 2024 led by Ola Electric, pointing to an increased consumer awareness of the benefits/savings associated with EVs over ICE vehicles. As part of the ‘BOSS of All Savings’ proposition, the company is now providing an opportunity to save up to Rs.15,000on the purchase of an Ola S1 and further up to Rs.30,000 annually with lower running and maintenance costs compared to an ICE vehicle. With the…
    BUSINESS

    Gold, Silver prices drop post-US election

    The India Bullion and Jewellers Association Ltd (IBJA) reports that 24-carat gold is priced at Rs 76,570 per 10 grams, 22-carat at Rs 74,720, 20-carat at Rs 68,130, and 18-carat at Rs 62,201 per 10 grams. New Delhi: Gold prices continue to fall after the US presidential election and on Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601 per kg. After the US elections, in the last two days, gold prices have fallen by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg. According to the India Bullion and Jewellers Association Ltd (IBJA), the price of 24-carat gold is Rs 76,570 per 10 grams, the price of 22-carat gold is Rs 74,720 per 10 grams, the price of 20-carat…

    BUSINESS

    • Oct- 2024 -
      25 October
      496

      Rupee turns flat at 84.07 against US dollar in early trade

      Forex traders say indication of some recovery in domestic equity markets prevented the fall in local unit Mumbai: The rupee stayed in a straightjacket for yet another week, trading at its near all-time low of 84.07 against the US dollar on Friday amid firm American currency and unprecedented foreign fund outflow. Forex traders said, the indication of some recovery in domestic equity markets prevented the fall in the local unit. At the interbank foreign exchange, the local currency opened at 84.07 against the greenback, trading flat at previous day’s closing level in initial deals. On Thursday, the rupee had settled flat at 84.07 against the US dollar. The local currency has been struggling to recover since October 11, when it closed at its lowest level…

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    • 21 October
      487

      Hyundai India’s record IPO to debut on stock market this week

      This will be Hyundai Motor’s first listing outside South Korea and the largest IPO in Indian stock market history, surpassing the previous record of $2.5 billion set by Life Insurance Corporation of India (LIC) in 2022. New Delhi/Seoul: The Indian subsidiary of South Korean automotive giant Hyundai Motor is set to make its stock market debut this week following a record initial public offering (IPO), according to industry officials on Monday. Shares of Hyundai Motor India are set to start trading on the Indian stock market on Tuesday, following last week’s $3.3 billion IPO subscription process. It marks Hyundai Motor’s first listing outside South Korea and the largest IPO in the history of the Indian stock market, surpassing the previous record set…

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    • 18 October
      572

      French firm Alstom delivers first driverless train for Chennai Metro Phase-II

      The trains are designed to run on the 26 km corridor, a segment of Phase-II linking Poonamallee Bypass to Light House via 28 stations Chennai: French multi-national Alstom, a leader in smart and sustainable mobility, has delivered the first driverless trainset to the Chennai Metro Rail Phase II project, a top official said. Alstom bagged orders to produce 36 trains, each comprising three cars, in February this year. The trains are designed to run on the 26 km corridor, a segment of Phase-II linking Poonamallee Bypass to Light House via 28 stations of which 18 are elevated and 10 underground, the company said in a statement. The trainsets produced at the Sri City facility in neighbouring Andhra Pradesh are part of the Centre’s ‘Make in…

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    • 18 October
      564

      India beats China to become largest two-wheeler market in the world

      India’s two-wheeler market saw remarkable 22 per cent YoY growth in first half this year New Delhi: India has surpassed China to become the largest two-wheeler market in the world, driven by rising demand in rural areas, supported by favourable monsoon conditions and government initiatives for rural development, a report showed on Friday. Globally, two-wheeler sales grew 4 per cent (year-on-year) in the first half of 2024, according to Counterpoint Research. Although India, Europe, North America, Latin America, and the Middle East and Africa saw growth, China and Southeast Asia (SEA) experienced a decline. Senior analyst Soumen Mandal said India’s two-wheeler market saw a remarkable 22 per cent YoY growth in the first half this year. “This strong performance allowed India to surpass China and become…

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    • 18 October
      500

      By 2030, India to have 1.2 billion smartphones, 641 million 5G subscribers

      India will see an unprecedented growth in the number of 5G mobile subscribers, and an explosion of data usage in the next six years, says a report New Delhi: India is projected to have 1.2 billion smartphone connections by 2030, with half of the users on 5G smartphones, according to a new report. According to global mobile network body GSMA, the country is projected to have over 641 million 5G subscribers by 2030, growing at 49 per cent. “India will see an unprecedented growth in the number of 5G mobile subscribers, and an explosion of data usage in the next six years,” according to GSMA Intelligence projections. This stupendous growth in 5G subscribers will also lead to a huge expansion of data consumption, impelling Indian…

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    • 18 October
      458

      Air India says Vistara in-flight experience to continue post-merger

      The merger is scheduled to be completed on November 12, following which Singapore Airlines will have a 25.1 per cent stake in Air India New Delhi: Air India on Friday said Vistara routes and schedule as well as the in-flight experience will continue and the flights operated with Vistara planes will have the code ‘AI2’ post-merger. The merger of the two full service carriers is scheduled to be completed on November 12, following which Singapore Airlines will have a 25.1 per cent stake in Air India. Vistara is a joint venture between Tata Group and Singapore Airlines. Post the merger, the vintage ‘Maharaja’ will be retained through the frequent flyer programme of the integrated entity. “The existing members of Club Vistara will be seamlessly transferred to…

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    • 16 October
      422

      Indian market trades lower, Nestle and Infosys among top losers

      The BSE Sensex began trading at 81,611.07 after slipping 209.05 points or 0.26 per cent in early trade Mumbai: The Indian stock market began trading on a lower note on Wednesday, as Nestle and Infosys were among the top losers in the morning trade. The BSE Sensex began trading at 81,611.07 after slipping 209.05 points or 0.26 per cent in early trade. At the same time, the NSE Nifty was trading at 24,999.45 after slipping 57.90 points or 0.23 per cent. However, the market trend remained positive. On the National Stock Exchange (NSE), 687 stocks were trading in the green, while 555 stocks were trading in the red. On the Bombay Stock Exchange (BSE), 61 stocks were trading in the green…

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    • 16 October
      378

      Health insurance stocks and market trends: What should policyholders be aware of?

      With changing regulations, economic conditions, and the evolving dynamics of the health insurance industry, understanding how these factors affect both investors and policyholders is crucial New Delhi: Health insurance stocks are a significant component of the financial markets, influencing the broader healthcare landscape. While stock market trends mayseem disconnected from policyholders’ day-to-day lives, they can significantly impact coverage costs and availability. With changing regulations, economic conditions, and the evolving dynamics of the health insurance industry, understanding how these factors affect both investors and policyholders is crucial. 1. Market Trends Affecting Health Insurance StocksHealth insurance companies have a unique role in the market. They not only provide critical health coverage to millions of individuals but also operate ina highly regulated and complex…

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    • 15 October
      379

      Business Finland, Cyient sign MoU to collaborate in advancing technology innovation

      This strategic partnership aims to foster joint initiatives focused on cutting-edge technologies, including 5G, AI, sustainability solutions, space technology, and robotics, a press release said Hyderabad: Business Finland and Cyient have entered into a memorandum of understanding (MoU) to collaborate in advancing technology innovation. This strategic partnership aims to foster joint initiatives focused on cutting-edge technologies, including 5G, AI, sustainability solutions, space technology, and robotics, a press release said. The MoU aims to facilitate cooperation opportunities between Cyient and Business Finland and will leverage Cyient’s strong presence in Europe, especially in Finland, and a robust platform to work with the Finnish ecosystem, including startups. Business Finland will enable a joint go-to-market to enhance market access and visibility. Gitta Perez, Director…

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    • 14 October
      336

      Ola Electric shares fall nearly 3pc for third consecutive session

      The automotive testing agency, functioning under the Ministry of Heavy Industries, has requested clarification from the EV company regarding the price reduction for its S1 X 2 kWh electric two-wheeler in the recently announced sale. New Delhi: Ola Electric shares closed nearly 3 per cent down on Monday – a fall for the third consecutive session – as the Automotive Research Association of India (ARAI) asked the EV firm to clarify its pricing practices. The automotive testing agency, operating under the Ministry of Heavy Industries, has asked the EV company to provide clarification about a price reduction for its S1 X 2 kWh electric two-wheeler in its recently announced sale. Ola Electric’s share closed at Rs 87.44 apiece. The stock has lost…

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