City Hyderabad Financial News

Subscribe to enjoy similar stories. Bodybuilding is not new in India, but women bodybuilders still manage to raise eyebrows and pique curiosity. A common question that’s lobbed at women bodybuilders is ‘why?’.

Congress MP and Lok Sabha Leader of Opposition Rahul Gandhi on Tuesday chaired a District Development Coordination and Monitoring Committee (DISHA) committee meeting in Raebareli. DISHA committee meetings are held on a quarterly basis, under the chairmanship of the MP. Earlier in the day, Rahul Gandhi inaugurated the newly-built Shaheed Chowk and Degree College Chauraha in Raebareli. He also visited and offered prayers at Shri Peepaleshwar Mahadevji Mandir and Hanuman Mandir in the city.

Among those setting up base are QSR companies such as Yum Brands and Starbucks, media and entertainment firms Warner Bros and Discovery, as well as hotels chain Marriott International, energy giant Chevron and smaller firms such as US K-12 education software and content provider Curriculum Associates. Several are turning to tier II destinations, apart from the likes of Bengaluru and Hyderabad, to gain from robust talent pools and lower cost of operations. “Traditionally, India has seen a lot of GCCs in BFSI (banking, financial services & insurance), retail, healthcare and life sciences, manufacturing and automotive industries,” said Vikram Ahuja, founder of ANSR.

Jr NTR attended the engagement of his brother-in-law, Narne Nithiin, who is the younger brother of Jr NTR's wife, Lakshmi Pranathi. The private ceremony took place on Sunday in Hyderabad, where Nithiin, also an actor, exchanged rings with Shivani Talluri. The event saw appearances from other celebrities, including Venkatesh. Jr NTR shared family photos from the occasion, featuring himself, his wife Lakshmi, and their children, Abhay and Bhargav, all dressed in coordinated pastel outfits as they posed with the newly engaged couple. Several pictures and videos from the event show Jr NTR and Lakshmi actively participating in the ceremonies, including a special moment where they presented Shivani with a necklace and offered their blessings. Venkatesh was also seen in photos with the couple, extending his congratulations. The guest list included Jr NTR’s brother Kalyanram, as well as prominent film producers Allu Aravind, Suresh Babu, and Naga Vamsi.

Zomato’s Hyperpure warehouse in Hyderabad on October 29, 2024, uncovered 18 kg of button mushrooms labeled with a future packing date of October 30, 2024. Zomato CEO Deepinder Goyal on Monday clarified that the discrepancy, attributed to a manual typing error by a vendor, was promptly detected and rejected during the company’s inward quality control (QC) process before reaching consumers. He also said that the vendor responsible has been delisted from its database to prevent future errors.

Subscribe to enjoy similar stories. Prestige Estates Projects Ltd’s first half of FY25 was nothing to write home about. Pre-sales or bookings plunged 36% year-on-year to ₹7,052 crore as delayed regulatory approvals continued to weigh on new launches.

Subscribe to enjoy similar stories. New Delhi: Practitioners and experts said proposed changes to the Arbitration Act should include provisions to minimise court intervention when litigants settle for out-of-court dispute resolution. While reforms pitched by the government seek to promote institutional arbitration, they still have provisions which would delay dispute resolution by allowing courts to intervene, said experts.

Heinrich Klaasen received the highest retention price ahead of the IPL 2025 mega auction, surprising many as he surpassed Virat Kohli. Sunrisers Hyderabad (SRH) on Thursday retained Klaasen for Rs 23 crore, underlining his impact and value to the team. Following Klaasen, Royal Challengers Bangalore (RCB) retained Virat Kohli for Rs 21 crore. Although Kohli is one of the most accomplished players in the league, his retention price was slightly lower and the team also sealed only three spots including the former captain.

Indian Premier League (IPL) franchises announced their list of player retention on Thursday, October 31, ahead of the highly anticipated 2025 mega-auction. With franchises eager to secure their core talents, an impressive amount was spent to retain top players, including some rising stars. Notably, Punjab Kings took a conservative approach, retaining only two players, while other teams kept their essential players intact. The auction is scheduled for November and December, where franchises will look to fill the remaining slots. Rajasthan Royals (RR) committed to retaining six key players, leaving them with a remaining purse of Rs 41 crore for the auction. In contrast, Punjab Kings (PBKS) enter the bidding with a hefty Rs 110.5 crore, positioning them well to compete for high-value players. South African wicketkeeper-batter Heinrich Klaasen emerged as the most expensive retention, with SunRisers Hyderabad (SRH) valuing him at Rs 23 crore. Meanwhile, Virat Kohli secured his position as the priciest Indian player, with Royal Challengers Bangalore (RCB) allocating Rs 21 crore to retain him.

IT firms are increasingly snapping up Indian startups at a time when the startup ecosystem is amid a funding crunch. Several of the acquired firms are working in the segments of AI, semiconductor, data and analytics and spacetech among others. Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when technology spending, especially in discretionary spends, returns, say analysts. Big IT firms such as Accenture, Infosys and IBM along with many midcaps like Persistent, Cyient, Global Logic and others have recently acquired smaller Indian firms working in cutting-edge technologies. This month, IBM acquired a Bengaluru-headquartered software-as-a-service (SaaS) startup Prescinto for an undisclosed amount. Later in the month Hyderabad IT engineering service provider Cyient acquired 27.3% in US based Indian startup Azimuth AI for $7.25 million. The acquisition will expand Cyient’s capabilities across the semiconductor industry.

Nicholas Pooran will join the Lucknow Super Giants (LSG) for the upcoming 2025 Indian Premier League (IPL) season, ahead of the mega auction of the coveted annual cricket league. The 29-year-old cricketer recently met with LSG owner Sanjiv Goenka at the RPSG House in Kolkata to finalise the terms of his contract. Pooran will be the franchise's key retention, commanding a salary of Rs 18 crore, which marks him as the first official signing for the new season. His previous auction value was Rs 16 crore, when LSG acquired him in 2023 after his release from the Sunrisers Hyderabad, according to the Times of India.

KL Rahul has been one of the most prolific run getters in the history of the Indian Premier League. Having debuted with Royal Challengers Bangalore in 2013, the 32-year-old has scored 4,683 runs in the 10 seasons that he has played. After playing just five matches in his first season, he moved to Sunrisers Hyderabad for a couple of seasons. However, his returns were average at best. 2016 proved to be the breakthrough season for Rahul, where he scored 397 runs at a strike rate of 146 in a star-studded RCB line-up that had the likes of Virat Kohli, Chris Gayle, AB De Villiers and Shane Watson. Unfortunately, he had to miss the 2017 season owing to injury and was shockingly released ahead of the 2018 mega auction. King XI Punjab (Now Punjab Kings) signed the batter in the auction, and he did not disappoint. Out of the five seasons for the franchise, he piled more than 600 runs in four years, and missed making a perfect five as he fell seven runs short in 2019.

retained players ahead of the mega auction. The rules for this year were tweaked by the BCCI with franchises allowed up to six retentions, which can include a maximum of five capped players and two uncapped players. However, retaining six players will come with a price of Rs 79 crore, which will leave only Rs 41 crore in the auction as the total purse for each team is Rs 120 crore. Further, the teams can use Right to Match (RTM) cards if with a number of RTMs equal to six minus the number of direct retentions. For example, if a team retains three players, it will have three RTMs available.

Mayonnaise ban in Telangana: The government of Telangana has taken a significant step to protect public health by banning mayonnaise prepared from raw eggs in the state. This decision follows several alarming instances of food poisoning linked to the consumption of this popular condiment, as per news agency PTI.

Subscribe to enjoy similar stories. Space World group is evaluating various routes to raise funds to channel into new ventures Constl and Ranext that will offer fibre connectivity between data centres and in-building plug-and-play fibre network for internet services providers. Founder Ankit Goel told Mint in an exclusive interaction that the company will go to market in the next three to six months to raise funds but was yet to decide the route it would take and the equity it intended to dilute.

Virat Kohli is set to return as the captain of Royal Challengers Bengaluru (RCB) starting from the 2025 Indian Premier League (IPL) season, TOI reported on Wednesday, ahead of retention deadline. Kohli has had discussions with the RCB management and will step into the leadership role again due to the vacant spot in the team, the report said. Faf du Plessis, who is 40, led RCB from 2022 to 2024, but due to his age, Kohli will take over the leadership for the upcoming edition.

Swiggy is increasing its investment in its quick-commerce business, Swiggy Instamart to Rs 1,179 crore, up 20% from Rs 982 crore mentioned in the red herring prospectus filed on Tuesday. The Bengaluru-based company said it plans to invest Rs 755.4 crore to expand its dark store network, with an additional Rs 423.3 crore for lease and licensing payments for these stores or warehouses. Swiggy Instamart has around 557 dark stores as of June 30 and plans to now take it to 741 compared to earlier plan of 538 per the draft red herring prospectus in September.

top seven cities underscoring the sustained appeal of prime locations to retailers led by rising consumption and is expected to continue the momentum until the end of this calendar year. Gross leasing of retail spaces across these cities, including Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Pune, and Hyderabad is projected to exceed 6.5 — 7 million sq ft by the end of 2024 after topping 5.3 million sq ft in the first three quarters ending September, showed a JLL India study. “Despite limited new retail space additions of slightly over 1 million sq. ft, the top seven cities’ robust gross leasing activity indicates retailers' strong appetite for prime retail locations. Fashion and apparel remained the top category with a 37% share, followed by food & beverage and entertainment at 18% and 12% respectively,” said Samantak Das, Chief Economist and Head of Research & REIS, India, JLL.

Cyient, on Monday announced the acquisition of a 27.3% stake in Azimuth AI, a fabless custom ASIC company, for a consideration of $7.25 million. The strategic investment will expand Cyient’s capabilities across the semiconductor industry, said the Hyderabad headquartered firm in an exchange filing. This is the third such M&A deal entered by Cyient this month.

Telangana Special Police (TGSP) have been suspended for alleged misconduct and incitement of agitation. Some TGSP personnel (constables) held agitations inside the Battalion campus in Telangana as well as on the streets of several places, including Hyderabad, and the families of the constables held sporadic protests in the state, demanding uniform policies for all police personnel and better working conditions. «With a view to upholding discipline and integrity within the Telangana Special Police, the 39 personnel involved in misconduct are placed under suspension for unbecoming of government servants, including incitement of others for agitation among Battalion personnel,» a release from Telangana Police said. The suspended personnel were found to have acted in violation of conduct rules and have engaged in behavior contrary to the one expected from government servants and they allegedly instigated unrest within the Battalion, adversely affecting morale and operational efficiency, it said.