City Hyderabad Financial News

IPL 2024 MI vs KKR: Toss fixing allegations surface again, netizens say ‘Faf Du Plessis exposed it’ Five-time IPL champions Mumbai Indians have three more matches to prove their mettle against Sunrisers Hyderabad, Kolkata Knight Riders and Lucknow Super Giants. Mumbai Indians, who have lost four in a row, must win all their remaining three fixtures to secure a berth in the qualifiers.

Coforge chief executive Sudhi Singh on Friday said it will shell out $220 million, or about Rs 1,826 crore, to acquire 54% stake in Hyderabad-based Cigniti Technologies even as the Noida-based IT firm launched an open offer to acquire an additional 26% stake in Cigniti. Coforge had on Thursday said it is acquiring 54% share in Cigniti from promoters and other shareholders at Rs 1,415 per share.

MI vs KKR IPL 2024: Kolkata Knight Riders (KKR) were in deep trouble when he made his way to the crease. For Manish Pandey, it was more than an inning; it was an opportunity to announce his strong comeback after three subdued IPL seasons. First, he stabilised the KKR innings and supported Venkatesh Iyer well to weave a good partnership, and then he unleashed violence against MI bowlers.

Indian Premier League 2024 table toppers Rajasthan Royals on 2 May lost to Sunrisers Hyderabad by just a run. However, it was not the defeat that hurt the franchise, but Riyan Parag dropping Travis Head at backward point. Referring Riyan Parag as safe as Reserve Back of India, former India captain Sunil Gavaskar, who was commentating on Star Sports was stunned at Parag missing the catch of Travis Head.

Vemula was not a Dalit and committed suicide because he was afraid his “real caste identity" would be discovered. Countering the claim, Rohith's brother called it ‘absurd’ Police claimed that his caste certificates were forged and the case has been closed on account of lack of evidence.

Aurobindo Pharma Ltd on Friday said it has received tax demand of over Rs 13 crore, including interest and penalty, from the GST authority over ineligible input tax credit claim. The Deputy Commissioner (ST) STU-1 of GST, Punjagutta Division, Hyderabad, Commercial Taxes Department, Telangana, has passed an order under relevant provisions of the Central Goods and Services Tax Act, 2017 and TGST Act 2017 for the FY 2018-19 to this effect. The order demanded reversal of ITC and payment of GST amounting to Rs 6,54,50,645 along with interest of Rs 5,92,20,900 and penalty of Rs 65,51,354, Aurobindo Pharma said in a regulatory filing. It claims ineligible ITC and orders reversal of ITC and demanding GST along with interest, the company added.

Jagan Mohan Reddy on Friday urged people to remember the good things that happened to them during YSRCP tenure before casting their vote in the forthcoming elections, and listed out a slew of welfare schemes introduced by his government. The ruling party chief said this during a public meeting in Narasapuram in West Godavari district. «Think under whose tenure good things happened and under whom will that good continue. Everybody should think about it and then vote,» said Reddy. Appealing to those who did not vote for him in the past elections, he requested them to go home and discuss with family members. Terming the forthcoming elections as a 'Kurukshetra' battle, Reddy said they are not just to elect MLAs and MPs but to decide the future of every household in the next five years and the continuation of welfare schemes.

Tomorrow's IPL Match: Royal Challengers Bengaluru (RCB) will clash with Gujarat Titans (GT) on May 4 at the M Chinnaswamy Stadium in Bengaluru. RCB, having won three out of their 10 matches, are at number 10 on the points table at the moment. They had won two out of their last five matches.

Time of India, the 73-year-old artist, Kinnera Mogulaiah, spent the 1 crore in cash he received from the Telangana government on family emergencies. “I used that money ( ₹1-crore state grant) for my children’s weddings. I even bought a piece of land at Turkayamjal on the city’s (Hyderabad’s) outskirts.

Thanda, Thanda; Cool, Cool: No fly-by-night operators, but night-riders! Some Lok Sabha campaigners are sweating it out at night on two-wheelers to avoid day's sweltering heat. Amethi MP Smriti Irani, who was seen riding a scooty in her constituency a few days ago, interacted with voters and took selfies with them. On Tuesday, Hyderabad MP Asaduddin Owaisi was seen riding his 'Triumph' for a public meeting in the area. Rangeela Varanasi Lok Sabha election in Varanasi is set to be more colorful this time as mimicry artiste Shyam Rangeela, who imitates Prime Minister Narendra Modi, has announced that he would contest from the constituency and will file his nomination papers soon.

Sunrisers Hyderabad snatched victory from the jaws of Rajasthan Royals on Thursday, winning by just one run. At the brink of defeat, SRH secured the victory on the very last ball, handing the table-toppers their second defeat in the tournament. The victory came on the last ball of the match, when Bhuvneshwar Kumar trapped Rovman Powell in front of the stumps, denying the Royals the one run needed to draw the match. Earlier, skipper Pat Cummins won the toss and opted to bat against Rajasthan Royals in their Indian Premier League (IPL) match at Hyderabad on Thursday.

The Insurance Regulatory and Development Authority of India (IRDAI) has reportedly fixed the pricing of ‘Bima Vistaar’ – a single insurance product that covers life, health, accidental damage and property. This all-in-one insurance product, designed for people living in rural areas of the country, is priced at Rs 1,500 per policy, various media reports suggest. These reports have cited industry officials who attended a two-day programme called ‘Bima Manthan’ held on April 25-26 in Hyderabad.

Shantanu Deshpande shared his insights on the renting vs buying debate regarding houses. Deshpande's personal decision came up during a conversation with Hyderabad-based real estate entrepreneur Ajitesh Korupulu. The latter was a guest on Deshpande's YouTube channel for a podcast on investing money in real estate.

Digantara, which focuses on space situational awareness (SSA), has been chosen for a joint industry space mission called Mission for Australia-India's Technology, Research and Innovation (Maitri) to manage debris in space. The mission, led by Space Machines Company, has won over AUD $8.5 million (Rs 46 crore) in grants from the Australian Space Agency as a part of the International Space Investment (ISI) India Projects programme.

Tomorrow's IPL Match: Sunrisers Hyderabad (SRH) will take on Rajasthan Royals (RR) on May 2 at the Rajiv Gandhi International Cricket Stadium in Hyderabad. SRH, having won five out of nine matches, are currently at number five on the points table. They have won three out of their last five matches.

Chinese smartphone brands are roping in services of Reliance Retail’s distribution arm to reach retail stores in the hinterlands. Xiaomi sub-brand Poco recently roped in Jio Mart Digital (JMD), through a strategic partnership to distribute Poco devices to over 80,000 retail stores across the country, according to industry executives and retailers. The move comes amidst the offline retail channels claiming over 61% of sales in Q1 2024, according to preliminary estimates from Counterpoint Research, up from 56% the previous quarter. Samsung and Vivo have the strongest hold over offline retail, the research firm said, adding that Xiaomi and Transsion were the fastest growing in Q1 2024.

Hyderabad Lok Sabha, Madhavi Latha slammed AIMIM and Congress, alleging that they have been winning polls by «spreading hate and terrorising people». «I am surprised that Rahul Gandhi, whose team morphs videos and tries to bluff people, whose party comes into coalition with unknown understandings with parties like AIMIM who give speeches filled with hatred, he cannot talk about peace and bringing unity in the nation,» said Madhavi Latha told ANI. When asked about Asaduddin Owaisi's statement, Madhavi Latha said, «I would only want to say that AIMIM, like Congress, has only been winning the seat by spreading hate and by terrorising people who honestly want to vote… They take control of polling stations and cast bogus votes. History tells, us that if in the history of elections in India, if someone got 110% of the votes, it was the AIMIM… Where are the extra 10 % coming from?»

InfraMantra, one of the leading PropTech advisory firms in India, has exceeded its sales target of Rs 1000 crore for the fiscal year 2024 and has set a more ambitious target of Rs 2000 crore for FY2024-25.

Kolkata Knight Riders seamer Harshit Rana was on Tuesday fined 100 per cent of his match fees and suspended for one match for breaching IPL Code of Conduct during their seven-wicket win over Delhi Capitals here. Rana, who was fined 60 per cent of his match fees for giving a flying-kiss send off to Sunrisers Hyderabad batter Mayank Agarwal in an earlier match, almost repeated the same offence when he knocked over Abhishek Porel in their game against Delhi on Monday. Rana was seen pointing his hand towards Porel, indicating him to go back to pavilion and was about to give another flying kiss before he stopped short of doing that. He was also seen appealing excessively after hitting Rasikh Salam high on his pads. «Rana committed a Level 1 offence under Article 2.5 of the IPL's Code of Conduct. He admitted to the offence and accepted the Match Referee's sanction. For Level 1 breaches of the Code of Conduct, the Match Referee's decision is final and binding,» the IPL said in a statement.

Bank holiday on May 1: May 1 is celebrated as Maharashtra Day in honour of the formation of Maharashtra in India. It marks the anniversary of the day in 1960 when the state was officially formed after reorganising states on linguistic lines. May 1st is also observed as Labour Day, a day to honour the contributions of workers and the labour movement.

Muslims has dropped, while alleging the Prime Minister is spreading lies to infuse hate among Hindus. “PM Modi says that Muslims have more kids, but the government's data itself reveals that the fertility rate has been declined among them. Muslims use the condoms the most.