Business

In a bid to meet the escalating demand for power in the country, the Ministry of Coal has unveiled an ambitious production plan, targeting 1404 million tonnes (MT) of coal by the year 2027 and a staggering 1577 MT by 2030. This initiative comes against the backdrop of the current annual production level of approximately one billion tonnes. Acknowledging the additional coal requirements for an...

Swimlane, the largest pure-play AI-enabled security automation company, announced today the opening of its Regional Cybersecurity Innovation, and R&D center in Hyderabad, India. The new location will serve as a strategic hub for product development functions and includes operational functions for engineering, customer success, support, and finance. The company aims to grow its engineering team resources from 75 engineers today to a team of 200 in...

Skyroot Aerospace, after the recent launch of its MaxQ facility in Hyderabad, today announced that it has secured a substantial boost to its growth ambitions, raising an additional USD 27.5 million in a pre-Series C funding round. The investment was spearheaded by Temasek, a Singapore-based global investment company. The funding is slated to accelerate Skyroot's expansion plans, fortify its technological expertise, attract top talent, and...

Tata Group has acquired Wistron India operations, marking a milestone for the 'Make in India' initiative and positioning Tata Electronics as the premier manufacturer of Apple iPhones in the country. The move comes as a strategic decision by the Tata Group, as it aims to solidify its position in the high-end smartphone manufacturing sector and expand its presence in the global electronics value chain. The...

Mumbai, October 12, 2023 - Tata Consultancy Services (TCS), India's largest private sector employer, has stirred the corporate world by challenging its own "25/25" work model as it calls employees back to the office five days a week. This marks a significant shift in the IT sector, indicating a return to pre-pandemic working norms. The company also declared its Q2 2023-24 results. TCS Q2 Earnings Highlights...

The Nifty 50 witnessed fluctuations in today's stock indices with the BSE Midcap and Smallcap indices experiencing a 1-1.5% dip. However, some notable gainers on the Nifty included HCL Technologies, Dr Reddy's Laboratories, TCS, ONGC, and HUL. Conversely, the losers featured Adani Ports, Hero MotoCorp, BPCL, HDFC Life, and SBI. Ambuja Cements Ltd saw a 1.5% decrease in its stock price following a substantial block deal....

Hyderabad, September 23, 2023 - YEA (Young Entrepreneurs Association) of Hyderabad the decade old premier association for first, second and third generation entrepreneurs unveiled its captivating new logo. Dr. BVR Mohan Reddy, the Founder & Executive Chairman of Cyient, launched the logo and urged the members to live up to their mission " Meet, Connect and Grow". The event also marked the introduction of a...

US chipmaker Micron Technology has signed a momentous MoU with the Gujarat government to establish a state-of-the-art semiconductor chip manufacturing plant in the vibrant industrial city of Sanand, creating 20,000 new job opportunities in India. The investment is set to reach an impressive $2.5 billion, making it a significant stride forward in India's technological advancement. The MoU signing ceremony, which took place on Wednesday, was...

In a thought-provoking analysis, a North Korean expert has sounded the alarm about the United States' efforts to limit the use of the dollar and the growing interest of nations in joining the BRICS bloc, suggesting that these actions are accelerating the decline of the USD as the world's dominant currency. The Korean Central News Agency (KCNA), North Korea's state media outlet, recently published...

The Adani Group, an Indian conglomerate, is now facing a regulatory scrutiny in the United States following allegations of stock manipulation made by a prominent short seller. The US Attorney's Office in Brooklyn, New York, has initiated inquiries in recent months directed at institutional investors who hold significant stakes in the Adani Group, according to an individual familiar with the matter. The focus of the...