City Hyderabad Financial News

battery materials producer Altmin is in talks with the Australian government to secure lithium supplies, the company's managing director said, as part of its expansion plans to meet rising demand for the critical mineral. «We are talking to the Australian High Commission and the critical minerals office,» Anjani Sri Mourya Sunkavalli told Reuters. Altmin, India's only cathode active materials producer, currently sources lithium carbonate from Brazil and Bolivia.

BFSI (banking, financial services, and insurance), and hospitality sectors witnessed an increased demands for talents in the first four months of 2024, indicating a recovery in overall job market, a report said on Thursday. Driven by economic recovery, the demand for workforce in BFSI increased the maximum by 21 per cent during the first four months of this calender year. The e-commerce sector saw an increase of 17 per cent, services and hospitality industries reported a growth of 13 per cent, according to a report by professional networking platform Apna. The report is based on the data on Apna platform during 2023 and 2024. It also found that the job market in the southern part of India saw a growth of 23 per cent compared to 18 per cent last year, with cities like Hyderabad, Bengaluru and Chennai leading in terms of total number of job postings.

₹21,040 crore. The management’s confidence stems from a robust launch pipeline of 59.2 million square feet for FY25 with a potential gross development value of ₹59,100 crore. Notably, FY24 saw a high number of new launches and deliveries, which contributed 75% to pre-sales.

Apollo Hospitals is expected to post healthy growth in core earnings for the quarter ended March 2024 due to improved ARPOB (average revenue per occupied bed) and Healthco operations. The company will announce its results later today in the evening. Net profit for the fourth quarter is likely to grow up to 68% year-on-year, according to various analyst estimates, while net sales are expected to rise 13% year-on-year.

quarter results season is almost coming to a close, and as many as 895 companies will announce their earnings on Thursday. Among such a massive mix, investors will watch out for earnings from Apollo Hospitals, which is expected to post a healthy improvement in earnings. Other companies which will also announce their earnings include Muthoot Finance, Bharat Dynamics, Godrey Phillips, Swan Energy, TBO Tek, Authum Investment, Praj Industries, Rajesh Exports, Marksans Pharma and many more.

₹24.75 crore to acquire Mitchell Starc. After a poor start to the season, the Aussie speedster turned out match-winning performances when it mattered the most: the qualifier and final. Rohit Sharma led Mumbai Indians (MI) to five IPL titles after taking over the captaincy from Sachin Tendulkar and Ricky Ponting in 2013.

Increasing relative humidity across all climate zones has worsened the heat index (combination of air temperature and relative humidity) and heat stress in every city," said a trend-analysis report released by the Center for Science and Environment. The study was conducted by the CSE between the summers of January 2001 and April 2024.The CSE explained in its analysis that the heat stress is not just about rising temperatures.

premium quality," Raghavendra Rao said in the video.The other cofounder of the Rameshwaram Cafe, Divya also released a statement on the raids and claimed that the expired stocks were not for consumption. “At our Hyderabad outlet alone, we require over 500 kgs of urad dal weekly, 300 liters of milk daily, and 80 to 100 liters of curd daily. The stocks found were sealed and unattended, intended for dispatch and not for consumption," she said in statement."The law does not prohibit the use of unlabeled products.

₹1,600 - 1,700 , Olectra Greentech share price has successfully broken out of a bearish trendline that had persisted for 3 - 4 months. “Olectra Greentech stock is now comfortably maintaining its position above this trendline, indicating a strong upward movement.

Google has leased 649,000 sq ft office space at Alembic City in Whitefield, Bengaluru, at a monthly rental of ₹62 per sq ft for a three-year lock-in period as part of its expansion strategy in India, said people aware of the deal. «This move is in line with the tech giant's proactive approach to leasing both traditional and flexible office spaces in major cities to strengthen its presence,» one of the persons said. In 2022, Google Connect Services India Pvt. Ltd, a subsidiary of the US technology conglomerate, had a renewed rental pact for about 600,000 sq ft office space in Hyderabad. The company also agreed with Bagmane Developers to lease 1.3 million sq ft office space in Bangalore. «Since 2020, Google's office space portfolio in India has increased by 3.5 million sq ft,» another person said. «The firm has a presence in five cities in India spread over 9.3 million sq ft of real estate footprint,» he said.

India Express cited sources as saying that Radhakishan Rao admitted to his involvement in conducting surveillance on politicians and others under the directions of the then Telangana Special Intelligence Bureau (SIB) chief T Prabhakar Rao.Meanwhile, NDTV reported that Rao claimed devices belonging to media "industry bigwigs, retired cops, and politicians [including from then-ruling BRS] were hacked and monitored".

Indian Express, citing food safety officials.The awful findings came to light after Telangana’s food safety department conducted inspections at some of the famous eateries.ALSO READ: Karachi Bakery expired products: Hyderabad store found violating regulations“Most shocking is the lack of basic hygiene in the kitchens, the use of products beyond their expiry date, and the mixing of prohibited synthetic colours in food preparations. Some of the kitchens had big garbage cans without lids," said Vijay Kumar, deputy food director at the Commissionerate of Food Safety, Telangana, as per the report.However, restaurants claim that they prepare meals in hygienic conditions.During the inspection at Shah Ghouse restaurant, the food safety officials claimed to have found semi-cooked food kept in unhygienic conditions in cold storage and stagnant water in the kitchen.ALSO READ: McDonalds, Theobroma outlets in Noida under FDA scanner after customer falls illHowever, the restaurant manager said: “No customer has ever complained of bad food at our restaurant," as per the report.The officials also claimed that they found insects in flour and tamarind at Rayalaseema Ruchulu; and from Rameshwaram Cafe, expired 100 kg urad dal and 10 kg curd were seized.“The waste bins in the kitchen were not covered.

GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels.Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, poised to benefit from robust air traffic growth, expanded travel retail opportunities, increased aero tariffs, and the potential of unlocking real estate value.Additionally, Jefferies suggests that further valuation increases will be driven by streamlining the group's corporate structure, improving leverage ratios, and the support from Groupe ADP.Also read: Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating“GMR Airport is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook, travel retail opportunity (led by top end consumption), upward reset in Aero tariffs and real estate unlocking opportunity.

PTI reported.Starc, acquired by Kolkata Knight Riders for a record ₹24.75 crore, showcased brilliance during the crucial stages of the tournament. His exceptional performance yielded 17 wickets, with five crucial dismissals in the knockout matches, playing a pivotal role in propelling the Shah Rukh Khan-owned team to a commanding title victory.Also Read: IPL Final 2024: Fans react to Mitchell Starc’s ‘unplayable’ delivery to dismiss Abhishek Sharma, ‘Prime Wasim Akram’To a query from PTI as to how he would take it up from here after his best year in franchise cricket, Starc hinted that T20s could gain prominence in his roster.“For the last nine years, I certainly prioritised Australian cricket.

₹24.75 crore, earlier faced sharm criticism for not delivering despite being the most expensive player in IPL history. However, his performances in two knock-out games have been “paise vasool" for KKR fans.“This is my public apology for putting shade at starc in initial matches," wrote one fan while another called it the “Best delivery of this season for sure".“This ball was unplayable...

Sunrisers Hyderabad captain Pat Cummins admitted that they failed to get enough runs on the board and would have stayed in the final if they reached 160 against Kolkata Knight Riders at Chepauk. On a night when clouds hovered over the MA Chidambaram Stadium, the red soil surface provided the ideal platform for the KKR quicks to express themselves. KKR vs SRH: The highlights

Kolkata Knight Riders to their third IPL title on Sunday, captain Shreyas Iyer said his side «played like invincibles» the whole season. The Knight Riders lorded over Sunrisers Hyderabad in the IPL final, winning the lopsided title clash by eight wickets here at the MA Chidambaram Stadium. KKR vs SRH: The highlights «Absolutely comprehensive (the win). We played like invincibles throughout the season. There's so much to cherish right now. This is what we demanded from the team and every individual,» Shreyas said during the post-match presentation.

IPL) final between Kolkata Knight Riders and Sunrisers Hyderabad fired up bookings at bars, pubs and cafes across India by 30-50%, compared to a regular weekend, executives said, with the heatwave adding to demand for cooler leisure options. “Alcohol sales saw a big spike, as average time spent per consumer at outlets was more,” said Vikrant Batra, founder of Cafe Delhi Heights. “Malls also did phenomenally well because of the heatwave. That’s another reason we saw spike in sales at our mall outlets.” During an otherwise lean season for pubs, bars and restaurants because of people being away on summer vacations, the IPL final in Chennai triggered a dramatic spike in footfall and sales across the cricket-crazy nation, executives said.

New supply of affordable homes — priced up to Rs60 lakh each — declined 38% across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity. Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs, which has made development of affordable housing projects less profitable or unviable. According to PropEquity data, the fresh supply of such homes was 33,420 units during January-March 2024 across top eight cities against 53,818 in the year-ago period.

Kolkata Knight Riders (KKR) dominated Sunrisers Hyderabad (SRH) in every aspect, securing their third IPL championship with an emphatic eight-wicket victory in the relatively one-sided IPL 2024 title clash at the MA Chidambaram Stadium on Sunday. KKR’s bowlers, spearheaded by stellar performances from Andre Russell (3-19), Mitchell Starc (2-14), and Harshit Rana (2-24), bundled out SRH for a meager 113, marking the lowest total in an IPL final. In response, KKR's batsmen, led by Venkatesh Iyer's unbeaten 52 off 26 balls, chased down the target in just 10.3 overs, securing their second IPL title in Chennai. However, many cricket enthusiasts were left disheartened by the result and took to social media to express their disappointment.

KKR vs SRH IPL 2024: Abhishek Sharma will open for Sunrisers Hyderabad (SRH) in the IPL 2024 final against Kolkata Knight Riders (KKR). He has provided multiple solid starts to Hyderabad and is among the top six scoring batters in the tournament. But, as the Orange Army goes against Kolkata at the MA Chidambaram Stadium, Chennai, Abhishek Sharma made a special request to Chennai Super Kings (CSK) fans.