City Hyderabad Financial News

real estate data analytics firm PropEquity. The NSE-listed firm said that new launches in the quarter fell to 93,693 units from 1,05,655 units in the same period last year while sales fell to 1,04,393 units from 1,26,848 units in the same period last year. PropEquity tracks housing supply and absorption data in NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

Subscribe to enjoy similar stories. Edtech company Physics Wallah’s offline ambitions and listing plan have fetched it $210 million in funding, effectively valuing it at $2.8 billion, 2.5 times what it was worth two years ago. Physics Wallah attracted new investors in this round, including India-focused hedge fund Hornbill Capital and venture capital firm Lightspeed Venture Partners, the company said on 20 September.

High Net Worth Individuals (HNWI), Chief Executive Officers (CEO), businessmen and Overseas Citizens of India (OCI) are part of India's first Fast Track Immigration-Trusted Traveller Programme (FTI-TTP). As many as 18,400 individuals, frequent global travellers and OCI card holders have been registered in the programme online for availing the service, said a senior home ministry official. Besides Delhi's IGI Airport, the services in the first phase will be made operational at major airports including Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Cochin, Ahmedabad. According to officials, 60% faster immigration clearance to 1,500 passengers have been granted through e-Gates so far. The facility will be expanded to 21 airports. When asked about the personal data of those enrolled for the programme, a senior official said, «the personal data is safe and secure and details are not to be shared.» As per the programme, «Eligible individuals can apply online for the fast-track immigration facility. Those with approved applications are called to submit their biometrics (fingerprint and facial image) at the international airports in India or the Foreigners Regional Registration Offices (FRRO).»

hospital chain Aster DM Healthcare and Hyderabad-based Quality CARE India is in its final stages of negotiations, and the deal is expected to be signed by the end of this month, investment banking sources told ET. The likely swap ratio in the new merged entity is expected to be 55% for Aster DM and 45% for Quality CARE. The merger will proceed through a share swap via a scheme of amalgamation approved by the National Company Law Tribunal (NCLT) but without triggering an open offer, said the bankers.

Redseer Strategy Consultants reveals that the B2B kirana market, which has long relied on fragmented, traditional trade-distribution models, is embracing digital innovation through eB2B (ecommerce-led Business to Business) platforms, fueling rapid growth and operational efficiency in the sector. The report, titled ‘B2B e-commerce Opportunity in India’, outlines how the rise of digital solutions is reshaping the market, which has historically faced challenges. Kirana stores, especially in remote and rural regions, are increasingly turning to eB2B platforms for better procurement management, access to formal credit, and superior customer service. The study also highlights how udaan, India’s leading eB2B platform, has solidified its position as the preferred partner for kirana stores in Bengaluru and Hyderabad, significantly outpacing other competitors in the market. The findings highlight udaan’s remarkable growth, capturing a significant market share and continuing to expand and strengthen its position, while other eB2B players have been in decline.

Toyam Sports has acquired the Suresh Raina-led Hyderabad franchise in the Legends League Cricket (LLC) for an undisclosed amount. Toyam Sports is a publicly listed company involved in sports production, promotion, and management. Previously known as the Urbanrisers Hyderabad and owned by the Urbanrise Group, the franchise will now be rebranded as Toyam Hyderabad. The team is set to participate in the upcoming season of LLC, which begins on 20th September 2024.

Shaik Jani Basha, aka Jani Master, is facing sexual assault charges. A 21-year-old woman has come forward accusing Basha of repeatedly subjecting her to sexual abuse. Responding to her claims, the Cyberabad Raidurgam police registered a zero First Information Report (FIR) against him. The woman stated that she had collaborated with Jani on multiple work projects, during which he allegedly abused her for several months. According to her, the assaults occurred repeatedly while they were working together in various locations, including Chennai, Mumbai, and Hyderabad. She also reported to the authorities that Jani had violated her several times at her own home in Narsingi, Hyderabad. According to a report in The Hindu, a high-ranking police official confirmed the developments, noting that an in-depth investigation is currently underway. Given the woman’s residence in Narsingi, he stated that the case had been handed over to the local police, who will now proceed with further inquiries.

Subscribe to enjoy similar stories. Mumbai/New Delhi: Bharti Real Estate will not join the bandwagon of companies launching projects beyond their home markets despite its peers doing so, as it continues to focus on building a $2 billion business district near Delhi airport, S.K. Sayal, CEO and MD of the real estate arm of the Bharti Group, told Mint.

Malaysia Airlines is keen to expand its operations into India, which is a «very important market», according to a top airline official. The airline, which currently flies to nine Indian cities, is eyeing new destinations as well as looking to increase frequencies to Trivandrum and Ahmedabad. Part of the Malaysia Aviation Group (MAG), Malaysia Airlines operates daily flights to Delhi, Mumbai, Bengaluru, Amritsar, Chennai, Hyderabad and Kochi. It also has four weekly services from Ahmedabad and Trivandrum.

Shubman Gill is among the prominent players who will be rested for the three-match T20I series against Bangladesh starting October 7 as part of BCCI's workload management policy. Gill, India's No.3 in Test matches, is a vital cog in the team's top-order alongside Rohit Sharma, Virat Kohli and Yashasvi Jaiswal and is expected to play all 10 Tests this season. Apart from Gill, a few more important players will also be rested keeping the the three- Test series against New Zealand in mind. India will start their upcoming international season with a two-Test series against Bangladesh in Chennai from September 19 followed by the second match in Kanpur starting September 27.

commercial real estate transactions across eight major cities in the country in the first half of the year. Deals for office spaces above 100,000 sq ft recorded a 54% on-year growth in the first half of calendar year 2024 to 15.69 million sq ft. These deals contributed 45% of the overall commercial transactions, showed data from Knight Frank India. Bengaluru’s commercial market continued to witness leasing domination in this segment as this contributed 53% to the city’s total office transaction volumes, amounting to 4.5 million sq ft, up 32% from a year ago.

Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United States, mentioned CBRE. Domestic firms saw a substantial 60% increase in office space absorption in the last two years, compared to the pre-pandemic years of 2018-2019. These firms have accounted for nearly 47% of overall office leasing activity in the last decade, with Delhi-NCR leading the way, followed by Bengaluru and Mumbai. According to the report, cities like Bengaluru and Hyderabad saw increased occupancy by e-commerce and life sciences firms, respectively, reflecting their strong growth trajectories. Further, Mumbai emerged prominently with a 43% share of domestic BFSI leasing, bolstered by substantial contributions from Delhi-NCR and Chennai during 2018 – H1 2024.

Burma Burma plans to go public with an IPO in the next three years, co-founders Chirag Chhajer and Ankit Gupta told ET. The company is also aiming to triple its footprint before going public, they said. Last month Burma Burma (Hunger Pangs Pvt Ltd) raised $2 million in equity investment and is looking to raise another $3 million. The round is expected to see participation from existing investors Negen Capital and family offices.

Dil-Luminati Tour (India) were sold out within minutes of release. The pre-sale opened at noon on September 10, offering early access to HDFC Pixel Credit Card holders, who enjoyed a 10 per cent discount on ticket prices. The 10-day tour is set to kick off on October 26 in Delhi and will visit 10 cities across India, including Hyderabad, Ahmedabad, and Bangalore.

GCC) in Hyderabad, where it will be adding around 300 technology jobs by the end of next year.

TeamLease Services. Among the others, 17% will trim their employee count while 21% will keep it unchanged in the six months through September, the staffing firm said in a report. It noted a 5.62% net employment growth in these sectors. Among locations, Delhi led at 57% for employers expanding their workforce in existing job locations, followed closely by Bengaluru and Chennai at 53% each. Hyderabad and Bhopal topped the hiring list for new job locations with 20% each, followed by Bengaluru, Vadodara, and Jaipur at 19% each, TeamLease said.

Odisha is celebrating Ganesh Puja for the 18th year by preparing a 15-foot tall Ganesh idol using 25,000 glass bangles, and the pandal has been made of bamboo in Baripada. Friends Union Organisation President Saumya Ranjan Mishra told ANI, «We are celebrating Ganesh Puja for 5 days according to the tradition of Maharashtra. The festival lasts for 8 days with tribal traditional songs, dances, a national-level dance competition, and much more. Prasad distribution takes place for 5 days. Some artists come from West Bengal and other states. Very unique 15-foot Ganesh idol made by 25000 (twenty-five thousand) glass bangles. This is the main attraction of our Ganesh festival, for which devotees come from different states.» Cashier of the organisation Srikant Barik said, «This time we are celebrating 18th year. We have spent more than 22 to 25 lakhs all together for this decoration and making unique idols.»

Telangana is wooing tech giants like Amazon Web Services (AWS) along with marquee brands across sectors including hospitality, defence and aerospace to either set up new facilities or expand their existing operations in the state. Talks were underway with AWS to pump in an additional $2 billion to expand its data centre capabilities in the state, Telangana industries and IT minister Duddilla Sridhar Babu told ET in an exclusive interaction in Hyderabad. Also, hospitality major Marriott Group is setting up its first global capability centre (GCC) in the country in Hyderabad, he said late last month.

MeitY) on Wednesday launched a series of blockchain-based solutions, aimed at enhancing transparency, security, and efficiency in digital service delivery. The Vishvasya-Blockchain Technology Stack is designed to offer Blockchain-as-a-Service (BaaS) with a geographically distributed setup to support a range of permissioned blockchain applications. The stack is hosted across NIC Data Centers in Bhubaneswar, Pune, and Hyderabad, ensuring robust and scalable service delivery, the government said.

Sun TV Network's revenue for the fiscal year 2023-24 experienced a significant boost, largely driven by its Indian Premier League (IPL) franchise, Sunrisers Hyderabad, and its SA20 franchise, Sunrisers Eastern Cape. The company's revenue from cricket franchises surged by 138% to Rs 659 crore in FY24, up from Rs 276 crore in the previous year. The company's consolidated revenue from operations surged 15% to Rs 4,787 crore, while net profit jumped 13% to Rs 1,925 crore. This increase was fuelled by a rise in revenue from the central revenue pool, which was supported by the Board of Control for Cricket in India’s (BCCI) record Rs 48,390 crore media rights deal with Disney Star and Viacom18 in 2022.