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Latest Business Updates

Flipkart acquisition may impact Walmart income FY 19, 20

The US retail giant had last month said it completed the acquisition of 77 per cent stake in Flipkart Group, an Indian-based eCommerce marketplace, for approximately USD 16 Billion.

Tata, Lockheed Martin to build F-16 wings in Hyderabad

The combat-proven F-16 has emerged as the fourth generation multi-role fighter serving the fleet of 28 customers worldwide in over 80 locations.

Pactera Technologies enters India market with Hyderabad office

Hyderabad: Pactera Technologies that has presence in the US, Europe, APAC and China enters the India market with its first office in Hyderabad. The...

Cygni Energy raises Rs 45 crore for expansion

The company posted annual revenues of $7.8 million for the financial year 2018 and is looking at a growth of 300-400 per cent in the next fiscal.

Yakult Danone contemplates second unit

Yakult which forayed into India in 2007 markets it's products in 44 cities in 12 States of India.

Hyderabad-based startup Thinkwide eyes hostel, PG accommodation market across India

Hyderabad: Hyderabad-based hostels and PG accommodation finding startup, which currently lists 40 per cent of the hostel and PG properties in Hyderabad, is aiming...

Zaggle acquires Click&Pay

The deal is in part cash and part stock transfer. Post-acquisition, the Click&Pay team of 25 members would join the 150 plus Zaggle team.

India has 5.3 million registered domain names

Total industry count for India stood at 5.3 million, globally the number is 332 million domain names as of December 2017.

India fastest growing economy in 2018: IMF

The IMF urged the countries in the region to follow conservative policies "aimed at building buffers and increasing resilience" and push ahead with structural reforms.

Paytm launches two new services under wealth management offering

The company said the customers can now send 24K 999.9 purity gold to each other instantly - offering them a convenient gifting solution.

Hyderabad-based Stumagz raises funds from US investors

Hyderabad: Hyderabad-based digital media platform for and by students, Stumagz has raised an undisclosed angel round of funding from a group of US-based investors....

Tata Boeing Aerospace opens Apache fuselage facility in Hyderabad

The facility will be the sole global producer of fuselages for AH-64 Apache helicopter delivered by Boeing to its global customers including the US Army.

MedPlus founder Dr Madhukar Gangadi launches BatchTag.com

Customers can buy products such as furniture, decor, home appliances, building materials, fashion and fashion accessories.

India-South Korea trade in 2017 reached $20bn: Modi

Narendra Modi said that the relations between India and South Korea dates back centuries.

Reliance to buy 5% stake in Eros International

RIL and Eros International Media Ltd (Eros India) announced that they have agreed to partner in India to jointly produce and consolidate content from across the country.

Fujitsu plans $200mn facility in south India by 2020

Hyderabad: Japanese air conditioner maker Fujitsu General is planning to set up a facility in India with an investment of $200 million. Fujitsu General president...

India’s tea exports in 2017 touch record high

Tea exports from north India touched 148.41 million kilograms, while that from south India was 92.27 million kilograms.

Facebook bans cryptocurrency advertisements on its platforms

The new policy of Facebook prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices,

Hyderabad-based Silly Monks gets listed on NSE

Founded by Sanjay Reddy and Anil Pallala in September 2013, Silly Monks focuses on content aggregation, customisation and deployment of content both in audio and video format for mobile carriers, devices and music stores.

US-based Cubic expanding Hyderabad operations

CTS India, the Indian arm of CTS, which began its operations in Hyderabad in 2009, has 74 people-team now which it wants to double when it moves to its new facility early February.

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