City Hyderabad Financial News

Glenn Maxwell will return to Punjab Kings for Rs 4.2 crore on Sunday in the IPL 2025 auction. There was a late opening bid for the Australian all-rounder by Sunrisers Hyderabad at Rs 2 crore. PBKS battled them till Rs 2.60 crore. Chennai Super Kings entered the bidding at Rs 2.80 crore before stepping aside. This will be the 36-year-old's second stint with PBKS after having played for the team from 2014-2021.

Yuzvendra Chahal has been sold to the Punjab Kings for a staggering Rs 18 crore in the IPL 2025 mega auction, one of the marquee buys of the season already. The seasoned leg-spinner, formerly with Rajasthan Royals, renowned for his wicket-taking prowess, had a successful stint last season, further solidifying his reputation as one of the game’s top spinners. Sunrisers Hyderabad and Royal Challengers Bengaluru were in fray to bag the spinner alongside Punjab.

Mohammed Shami was sold to Sunrisers Hyderabad for Rs 10 crore in the IPL 2025 mega auction on Sunday at Jeddah. Kolkata Knight Riders and Chennai Super Kings were in the initial fight for the pacer. CSK pulled out at Rs 8 crore and Lucknow Super Giants entered the bid Rs 8.50 crore. However, when the bidding stopped at Rs 9.75 crore, SRH made their bid and the player was sold for Rs 10 crore. Shami represented Gujarat Titans in 2023, where he was the purple cap holder. The right-arm pacer missed the 2024 IPL season as he was recovering from an ankle injury sustained during the ICC ODI World Cup 2023. Despite his recent setbacks, Shami remains a formidable force, having bagged 127 wickets in 110 IPL matches at an economy of 8.43 runs per over..

Sunrisers Hyderabad made their first buy in the IPL 2025 Auction with Mohammed Shami. He will partner Pat Cummins in the franchise. SRH have retained five players including Heinrich Klaasen, Travis Head, Pat Cummins, Abhishek Sharma, and Nitish Kumar Reddy. With these five players secured, it will be interesting to see what other additions the franchise makes to their squad during the mega auction.

Arshdeep Singh was sold to Punjab Kings for Rs 18 crore in the IPL 2025 auction on Sunday at Jeddah. He was the first player to be sold at the mega event. PBKS used the Right to Match card for the player. Chennai Super Kings opened the bidding at Rs 2 crore and was in a battle with Delhi Capitals. GT entered the bidding at Rs 7.75 crore after CSK stopped at Rs 7.50 crore. Royal Challengers Bengaluru entered the bidding much later with a bid of Rs 10 crore. However while RCB was contemplating a Rs 11 crore bid, it was Rajasthan Royals who bid for the amount. Sunrisers Hyderabad had the final bid for Rs 15.5 crore. However, Punjab Kings matched the bid and SRH rose the amount to Rs 18 crore to which PBKS agreed.

Annapurna Studios, Hyderabad. It will be attended by close family, friends, and prominent figures from the film, political, and business sectors. According to recent reports, there is speculation that the high-profile wedding could be streamed on Netflix. It is believed that several OTT platforms are in talks with Nagarjuna to secure exclusive streaming rights. If finalized, this would make Chaitanya and Sobhita’s wedding the second celebrity nuptial to feature on Netflix, following the release of Nayanthara: Beyond The Fairytale, a documentary on Nayanthara and Vignesh Shivan's wedding. “There is definitely a lot of excitement, butterflies… not much (smiles). Butterflies are only because of the planning and the logistics that are involved on those days, like bringing the guest list together and putting the other details of the wedding together,” he told the publication.

Indian Premier League (IPL) mega auction, India batter Mayank Agarwal expressed desire to play for Royal Challengers Bengaluru (RCB) once again, a franchise with which he started off his career in the cash-rich league. The IPL mega auction is taking place in Jeddah from Sunday to Monday. Mayank, who represented Sunrisers Hyderabad last season, was released by the franchise ahead of the auction. Speaking to about the auction, Mayank said, «I think I am very excited. Having played IPL for so many years, I have the experience of playing for so many teams and having seen so many playing styles. That is something I would love to bring out in coming seasons.»

Aurobindo Pharma on Saturday said its US-based subsidiary has inked a licensing agreement with a global pharma major for development of respiratory products. Aurobindo Pharma USA Inc has entered into a collaboration and licence agreement with a global pharma major for development and commercialisation of products, the Hyderabad-based drug firm said in a regulatory filing.

Shreyas Iyer continued his red-hot form in domestic cricket as he smashed a blistering century for Mumbai during their Syed Mushtaq Ali Trophy opener against Goa at Hyderabad's Gymkhana Ground on Saturday.

TeamLease EdTech Career Outlook Report HY2 (July-December 2024) said. Deeper market penetration in rural and semi-urban areas, fuelled by the rapid growth of the food processing industry – which is projected to double from $263 billion in 2019-20 to $535 billion by 2025-26, with a CAGR of 12.6% – is driving this spike. Key product segments like dairy, RTE (ready-to-eat) foods, frozen meat and snacks are creating job roles in supply chain and market research, the report said.

However, the current economic climate has made finding such jobs difficult, leading students, particularly from Telangana and Andhra Pradesh, to seek work within the Indian community. Babysitting is seen as a safe and viable option, with students earning between $13 and $18 per hour. Some employers also provide meals, accommodation, or both.

Indian School of Business (ISB) has received a CSR gift of Rs 30 crore from the Ramoji Foundation towards aiding infrastructure development at the school’s Hyderabad campus, the institute said in a release on Thursday. The funds received through this gift will support the construction of a state-of-the-art 430-seater auditorium as part of the upcoming Executive Centre. Upon completion, the facility will boost the school’s capacity to host international conferences, research seminars, distinguished lectures, and other academic events. Harish Manwani, Chairperson of the ISB Board, said in a statement: “The largesse of our donors has played an important role in ISB's ability to stay true to its vision of being a world-class institution for learning and research. We are grateful for this contribution from Ramoji Foundation that will go a long way in sustaining the top-notch infrastructure that enables ISB in this endeavour.”

Ricky Ponting is disappointed over the clash between the IPL 2025 mega auction and the first Test of the Border-Gavaskar Trophy. He labelled the scheduling as «the worst possible case scenario». The clash has forced Ponting, former Australian coach Justin Langer and other key personalities like Australia bowling coach Daniel Vettori to prioritise their IPL commitments over the crucial series-opener. The IPL auction is scheduled for November 24 and 25 in Jeddah, Saudi Arabia. It will have Ponting (head coach of Punjab Kings), Langer (coach of Lucknow Super Giants), and Vettori (coach of Sunrisers Hyderabad) absent from significant portions of the Perth Test. Ponting and Langer will do the commentary for Channel 7 on the first day of the first Test before flying to Jeddah.

Subscribe to enjoy similar stories. BENGALURU : Lightspeed Venture Partners is in advanced discussions to lead a $30 million funding round in SolarSquare, a rooftop solar startup, alongside other investors, two people familiar with the matter told Mint. The investment signals Lightspeed’s deepening interest in climate-focused ventures as demand for clean energy accelerates.

long-range hypersonic missile. The missile was launched from Dr. APJ Abdul Kalam Island, off the coast of Odisha. It has been designed to carry various payloads and boasts a range exceeding 1,500 kilometers, making it a critical addition to India’s defence arsenal. Defence Minister Rajnath Singh highlighted the achievement, stating on X (formerly Twitter), “India has achieved a major milestone by successfully conducting the flight trial of a long-range hypersonic missile from Dr APJ Abdul Kalam Island, off the coast of Odisha. This is a historic moment, and this significant achievement has put our country in the group of select nations having capabilities of such critical and advanced military technologies.” The missile was developed indigenously by DRDO’s Dr. APJ Abdul Kalam Missile Complex, Hyderabad, in collaboration with several other DRDO labs and industry partners.

Telangana government has issued orders sanctioning Rs 205 crore for acquiring over 280 acres of land for the development of Mamnoor Airport at Warangal, after GMR Group which manages Hyderabad Airport issued «No Objection» certificate for operation of the aerodrome. According to the GO issued on Sunday, the Airports Authority of India (AAI) in July 2022, informed the state government that it is ready to develop Warangal Airport for A-320 type of aircraft for IFR (instrument flight rules) operations and is ready to bear the infrastructure cost, operational and maintenance of the proposed airport. A master plan has been prepared for the operation of A-320 type of aircraft for which an additional land measuring 253 acres is required from the state government of Telangana, free of cost and free from all encumbrances. The AAI also wanted the state government to take up the proposal and expedite handing over of the required land to the airports body and no objection certificate from Hyderabad International Airport Ltd.

The company is the largest residential real estate developer by booking value in 2023-24 and its portfolio includes residential development, plotted development, and mixed-use and township developments. The management is confident of high growth because of the strong brand, pan-India presence, demonstrated track record and robust marketing. It is seeing strong demand momentum across markets (NCR, Bengaluru and MMR) leading to a jump of 68% and 126% year-on-year in the collections and operating cash flows in the September quarter.

The aim is to find out if the ecommerce companies were exercising control over vendors. Under the rules, they can only act as platforms. ED is investigating alleged violations under the Foreign Exchange Management Act (Fema) that are ordinarily civil offences entailing monetary penalties. Earlier this month, the agency conducted nationwide searches at 19 sites related to large sellers on Amazon and Flipkart in New Delhi, Bengaluru and Hyderabad.

Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53 million sq ft area with a total sales bookings value of Rs 52,114 crore. According to a transcript of conference call with analysts, Prestige Estates CMD Irfan Razack expressed confidence that the company will be able to meet its sales bookings guidance for this fiscal year at Rs 24,000 crore. During the 2023-24 fiscal year, Prestige Estates clocked record sales booking of Rs 21,040 crore.

The wedding invitation beautifully showcases traditional South Indian elements, incorporating pastel tones to create a modern yet culturally rich design. The card features intricate illustrations of temple bells, brass lamps, banana leaves, and a white cow—symbols deeply rooted in Indian rituals and traditions. Alongside the couple’s names, family details are elegantly presented, adding a personal touch. Adding to the charm, the invite was accompanied by a thoughtfully curated gift hamper. The set included a delicately crafted ikkat-printed ensemble, a garland of fresh jasmine, and other meaningful tokens of gratitude, as well as a scroll. The choice of ikkat, known for its intricate tie-dye patterns and vibrant colors, reflects the couple’s appreciation for traditional craftsmanship while embracing a contemporary flair. This blend of heritage and modernity underscores the theme of their wedding celebrations.

Defence Research and Development Organisation (DRDO) successfully conducted a flight trial of its long-range hypersonic missile on November 16, 2024, from Dr APJ Abdul Kalam Island, off-the-coast of Odisha. This hypersonic missile is designed to carry various payloads for ranges greater than 1500km for all the Services of the Indian Armed Forces. The missile was tracked by various range systems, deployed in multiple domains. The flight data obtained from down-range ship stations confirmed the successful terminal manoeuvres and impact with a high degree of accuracy.