City Hyderabad Financial News
14.10 / 21:32
markets
Provident
FIVE
Digital
Strategy
Deloitte
information
MSDE join hands with Meta to provide AI assistance under Skill India Mission
skill development and entrepreneurship (MSDE) entered into a partnership with Meta India to provide artificial intelligent (AI) assistant for the Skill India Mission and to establish five centers of excellence (CoEs) in virtual reality (VR) and mixed reality (MR) at National Skill Training Institutes (NSTIs) located at Hyderabad, Bengaluru, Jodhpur, Chennai and Kanpur. “Our mission is to empower India’s youth with the skills they need to thrive in today’s competitive landscape,” Jayant Chaudhary, minister of state (independent charge), MSDE said. “By integrating technologies like artificial intelligence, virtual reality and mixed reality into the Skill India ecosystem, we are democratizing access to cutting-edge technologies enabling personalized learning pathways for the youth of the country,” he said.
14.10 / 21:25
markets
FIVE
Digital
Strategy
Deloitte
community
International
Mergers advisor Bansi S Mehta finds itself a match in Karra & Co
Bansi S Mehta which has a five decade history of advising large corporates on mergers is combining with Karra & Co to expand its reach across India, as per a linkedin post by the Mumbai-based firm. Founded by Bansidhar S Mehta in 1958 as a firm of accountants it has expanded capabilities to include tax and mergers advisory. It also has offices in Delhi and Surat. “As part of this merger, we will be expanding our presence with the addition of new branches in Chennai and Hyderabad. This expansion will enable us to better serve our clients and community, providing more accessible and convenient options”, said a statement from the firm.
08.10 / 14:07
markets
UPS
Provident
Olympics
cricket
Sporting
hockey
Can the new Hockey India League replicate IPL’s success?
Subscribe to enjoy similar stories. Bengaluru: Dilip Tirkey remembers the evening of 13 January 2005 like it was yesterday. Tirkey, then India’s hockey captain, created history at the Gachibowli Stadium in Hyderabad.
08.10 / 08:23
08.10 / 08:11
markets
COST
Waters
Analysis
Trade
beautiful
testing
Trent shares rally 7% to new all-time high on launching new LGD brand ‘Pome’
Tata Group company Trent rallied 7.3% to its new all-time high of Rs 7,998 on the BSE today after launching its new lab-grown diamond (LGD) brand ‘Pome’ in Westside stores. Currently, the brand has been launched in select Westside stores in Mumbai, Bengaluru, Hyderabad and Gurgaon). This seems like a pilot launch by Trent aimed to test the waters with SKUs in a Kiosk format.
08.10 / 06:57
markets
Digital
Strategy
Election
Experts
PAM
cricket
Azharuddin appears before ED in Hyderabad Cricket Association money laundering case
Mohammed Azharuddin Tuesday appeared before the Enforcement Directorate (ED) in a money laundering case linked to alleged financial irregularities in the Hyderabad Cricket Association, official sources said.
07.10 / 09:28
markets
CEO
Strategy
Election
President
innovations
Schools
GroupM's Prasanth Kumar re-elected president of AAAI for 2024-25
Prasanth Kumar, CEO — South Asia of GroupM Media India, has been re-elected as the President of the Advertising Agencies Association of India (AAAI) for the year 2024-25. The decision was made at the AAAI’s Annual General Body Meeting held in Mumbai. Rana Barua, Group CEO of Havas India and Havas South East & North Asia (Japan & South Korea), was unanimously elected as Vice President of the Association. Other elected members of the AAAI Board include Sam Balsara of Madison Communications, Tanya Goyal of Everest Brand Solutions, Tapas Gupta of BEI Confluence Communication, Vishandas Hardasani of Matrix Publicities and Media India, Mohit Joshi of Havas Media India, Santosh Kumar of Innocean Worldwide Communications, Kunal Lalani of Crayons Advertising, Rohan Mehta of Kinnect, Chandramouli Muthu of Maitri Advertising Works, Cochin, Vikram Sakhuja of Platinum Advertising, Kalyan Sarkar of Standard Publicity, and K Srinivas of Sloka Advertising, Hyderabad.
04.10 / 16:31
markets
Digital
Food
Experts
reports
Schools
Swiggy launches new service Bolt to deliver food in 10-15 minutes
Swiggy has rolled out a 10-minute food delivery service Bolt, the company said Under Bolt, Swiggy is offering deliveries of a limited set of items from select restaurants that will be delivered within 10 to 15 minutes. «Ten years ago, Swiggy revolutionised food delivery by cutting average wait times to 30 minutes. Now, we’re reducing that wait even further for frequently ordered items like coffee, burgers, ice cream, and biryani, partnering with trusted restaurants to deliver the best food in just 10 minutes,» Rohit Kapoor, CEO, Swiggy Food Marketplace, said in a statement.
03.10 / 19:53
markets
Citi
FIVE
Entertainment
Metro
Schools
Features
Paradox Museum plans experiential centres in more Indian cities
Paradox Museum, an Athens-based interactive entertainment company, plans to invest €5 to 10 million in opening experiential centres in four to five locations across India over the next four to five years, according to a top company executive. Satish Yadav, managing director of Paradox Museum India, said each location will require an investment of €1 to 2 million. The museum offers an immersive experience through optical illusions, featuring 55 paradox-themed exhibits and 15 immersive rooms.
03.10 / 17:01
markets
Citi
Provident
Platform
Schools
Traffic
Bengaluru paying Rs 20,000 crore in lost productivity due to congestion on roads, says IT Minister Priyank Kharge
Priyank Kharge on Thursday said Bengaluru was suffering an annual loss of Rs 20,000 crore because of congestion on roads. «But this is consistent across all urban cities worldwide,» the minister said after launching traffic quality index (TQI), a dashboard developed by employee commute platform MoveInSync. The index will provide an indicative score of the traffic problem in an area or in a city, the Bengaluru-based startup said. Traffic congenstion, he added, was a global issue especially in rapidly growing cities where this phenomena was cosistent. «Cognestion is not only about slow movingtraffic, but it can have serious economic and and development impact,» Kharge explained, adding that the initative is commendable bringing all stakeholder together. Currently up and running in Bengaluru, Mumbai, NCR, Hyderabad, and Chennai, the TQI is built on 15 years of data that uses artificial intelligence (AI) to enhance decongestion efforts and make commuting safer to unlock the further growth potential of businesses and livability in a region, the company said in a statement.
02.10 / 05:41
markets
Citi
Yellow
Kandi
Department
Schools
Hyderabad: IMD issues thunderstorm yellow alert for today
Telangana, including Kamareddy, Hyderabad, Nirmal, Siddipet, Nagarkurnool, and Medchal-Malkajgiri, experienced heavy rainfall for the fourth straight day on Tuesday. The India Meteorological Department (IMD) has issued a yellow alert, forecasting thunderstorms in several districts, including Rangareddy, Hyderabad, and Medchal-Malkajgiri.
01.10 / 09:01
markets
UPS
Booking
security
information
Schools
Godrej Properties plans to raise up to Rs 6,000 crore through issue of securities
Godrej Properties on Tuesday said its board has approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing, Godrej Properties informed that the board has approved the raising of funds for an aggregate amount not exceeding Rs 6,000 crore. The funds would be raised through the issuance of securities, including equity shares, debentures, preference shares and/or any other eligible securities. The fund raising could be in one or more tranches through public and/or private offerings including qualified institutions placement, rights issue, further public offer or any other mode as may be permitted under applicable laws and/or any combination thereof.
01.10 / 09:01
markets
MET
Digital
Experts
RAI
Schools
PM Modi holds bilateral meeting with Jamaican counterpart Holness
bilateral meeting with Jamaican counterpart Andrew Holness in New Delhi. The bilateral meeting was followed by delegation-level talks between the two leaders. Visiting Prime Minister of Jamaica met PM Modi at Hyderabad House here in the national capital earlier today.
30.09 / 11:27
28.09 / 05:19
markets
film
show
stars
Schools
rights
‘Devara’ box-office: Jr NTR now has Rs 100-cr on day 1 grossers with SRK & Thalapathy Vijay
Devara’ is shattering box-office records left, right, and centre. The Jr NTR-Janhvi Kapoor-starrer has crossed Rs 140 crore worldwide on its opening day. This milestone makes the movie the second-biggest opener of the year, right behind Prabhas’s ‘Kalki 2898 AD’. As per box-office tracker Sacnilk.com, the Koratala Siva directorial earned an impressive Rs 77 crore on the first day on the domestic front. The movie, featuring Saif Ali Khan and Janhvi Kapoor, was screened in over 8,000 national shows in Telugu, Tamil, Hindi, Kannada, and Malayalam. Of these, approximately 4,200 shows were in Telugu, followed by 3,200 in Hindi. Directed by Koratala Siva, the film saw an overall occupancy rate of 79.56% in Telugu, with over 1,726 shows in Hyderabad alone. In Hindi, the overall occupancy was 18.37%, with 806 shows in Delhi/NCR and 517 shows in Mumbai. According to Sacnilk, Devara earned Rs 68.6 crore from its Telugu shows, Rs 7 crore from Hindi, Rs 80 lakh from Tamil, and Rs 30 lakh each from Kannada and Malayalam.
23.09 / 08:15
markets
UPS
Citi
awards
War
gatherings
Event commemorating liberation of Haifa by Indian soldiers cancelled due to tensions in region
Indian soldiers who laid down their lives during World War I to liberate the northern Israeli coastal city of Haifa from Ottoman rule has been cancelled due to escalating tensions in West Asia. Israel and Lebanese Shia group Hezbollah have carried out widespread strikes on each other, raising tensions, and prompting Israel Home Front command to issue precautionary advisory to citizens. Outdoor gatherings of up to ten and indoor gatherings of up to a hundred people, close to protected shelters, are currently allowed. «Due to the current situation, the Haifa Day commemoration, planned for September 23, 2024 in Haifa, by the Embassy of India, is being cancelled,» an official communication said.
20.09 / 19:03
Manufacturing
WhatsApp
Food
information
No observations by US FDA during plant inspection: DRL
Dr Reddy's Laboratories (DRL) on Friday said the United States Food & Drug Administration (FDA) has completed a routine Good Manufacturing Practice (GMP) inspection at its plant with zero observation. In a filing, the company said the inspection was carried in their integrated product development organisation (IPDO) in Bachupally, Hyderabad. «This is to inform you that the United States Food & Drug Administration (USFDA) today completed a routine Good Manufacturing Practice (GMP) inspection at our R&D centre (Integrated Product Development Organisation or IPDO) in Bachupally, Hyderabad,» the company said in a stock exchange filing.
20.09 / 19:03
markets
Citi
CEO
trends
RAI
symptomatic
Housing sales may decline 18% in September Quarter
Housing sales are estimated to decline 18% during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data. Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities. Sales stood at 1,26,848 units in the same period last year. As per the data, the housing sales are estimated to rise only in Delhi NCR (22%) and Navi Mumbai (4%) during July-September period of this year.
20.09 / 16:53
markets
Citi
community
Bill
country
reports
travelers
Three Muslim organisations support Waqf Bill at Parliament panel meet
NDA and opposition members, three Muslim organisations, including an RSS-linked outfit, on Friday supported the proposed amendments to the Waqf law before a parliamentary panel, sources said. When the three Muslim organisations — All India Sufi Sajjadanashin Council, RSS-linked Muslim Rashtriya Manch and NGO Bharat First — made their presentations separately before the Joint Committee on Waqf (Amendment) Bill, some opposition members sought to find flaws in their claims. Shiv Sena member in the Committee Naresh Mhaske is learnt to have told opposition members that they should be open to listening to the point of view of the other side, a suggestion that led to a brief exchange of words between the NDA and opposition. Some opposition members also wondered whether the Sufi Shah Malang sect comprising fakirs, who appeared before the Committee, formed part of the Muslim community.
20.09 / 16:01
markets
Target
Digital
awards
Highways
RAI
NHAI awards TOT Bundle 16 to Highway Infrastructure Trust for Rs 6,661 crore
Highway Infrastructure Trust for Rs 6,661 crore. TOT Bundle-16 is a 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in Telangana, the ministry of road transport and highways said. “The concession period of TOT bundle is for 20 years in which the concessionaire will be required to maintain and operate the stretch. In lieu of this, concessionaire will collect and retain user fees for the stretch in accordance with prescribed fee rates under NH Fee Rules,” it added. According to the ministry, the TOT model has been developed to encourage private participation in the highway sector.
20.09 / 15:55
markets
Digital
awards
Highways
Experts
RAI
NHAI awards 251-km Hyderabad-Nagpur corridor for Rs 6,661 cr under TOT model
NHAI has awarded the 251-km-long stretch of the Hyderabad-Nagpur corridor under the TOT bundle model to Highway Infrastructure Trust for Rs 6,661 crore, an official release said on Friday. The financial bids for TOT Bundle-16 were opened on September 18, 2024, for 251 km long stretch on the Hyderabad-Nagpur corridor of NH-44 in Telangana, the release said. The project has been «awarded to Highway Infrastructure Trust for Rs 6,661 crores», its said. The concession period of TOT bundle is for 20 years in which Concessionaire will be required to maintain and operate the stretch.
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