City Hyderabad Financial News

News18, K Kavitha is being brough to Delhi to complete chain of evidence in the Delhi liquor policy scam case. Further K Kavitha is likely to be faced with senior Aam Aadmi Party (AAP) leaders, who also face arrest in this case, including Sanjay Singh, Manish Sisodia. Key witness, who ‘confessed to the ED on the alleged ‘bribes that were designed and secured in the Delhi liquor policy’ scam case, Amit Arora could be brought face to face with K Kavitha.

Navy Chief Admiral (retd) L Ramdas passed away on Friday at a military hospital here. He was 90 and was suffering from health issues related to old age. Ramdas, who was admitted to the hospital on March 11, breathed his last Friday morning, his daughter Sagari R Ramdas said. «He came to stay with me here in Hyderabad about nine months ago because he was not keeping good health,» she told PTI. The funeral will be held in Hyderabad on March 16, she said.

Bharat Rashtra Samiti (BRS) MLC K Kavitha was taken into custody on Friday evening. The development came hours after Income Tax Department (I-T) and Enforcement Directorate (ED) officials conducted searches at her Hyderabad residence, according to media reports. Earlier on Friday, at least 10 officers from both agencies from New Delhi had conducted searches in the presence of Kavitha and her husband D Anil Kumar. It was not clear if the action is linked to the now-scrapped Delhi excise policy linked case of the central agency in which the ED has questioned the BRS MLC and daughter of former Telangana chief minister Chandrashekar Rao, PTI reported citing official sources. The ED had claimed Kavitha was linked to a «South Group» lobby of liquor traders who were trying to play a larger role under the now scrapped Delhi excise policy for 2021-22.

Also Read: Catch Electoral Bonds Data Live updates As soon as the list was published, allegation of Quid pro quo surfaced with opposition parties alleging link between top donor companies and Bharatiya Janata Party (BJP). Congress leader Jairam Ramesh alleged that “immediately after receiving some handouts from the Central government, companies have repaid the favour through electoral bonds." On Thursday, Supreme Court advocate Prashant Bhushan too alleged quid pro quo. He took to microblogging site X to write, “On 11 April 23, Megha Engineering gives 100s Crs in #ElectoralBonds to whom? But within a month it gets a 14,400 cr contract from BJP’s Mah govt! Though SBI has hidden Bond numbers from the info, some of donors & parties match can be guessed.

Reliance Industries, was the third largest donor to political parties using electoral bonds. It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24 but Reliance said the company is not a subsidiary of any Reliance entity. Electoral bond purchases and donations by Qwik Supply were behind Rs 1,368 crore of Future Gaming and Hotel Services — another little-known lottery company — and Rs 966 crore of Hyderabad-based Megha Engineering & Infra, according to information uploaded by the Election Commission on its website. Publicly available information describes Qwik Supply as a manufacturer of warehouses and storage units. The unlisted private company was incorporated on November 9, 2000 with an authorised share capital of Rs 130.99 crore. Its paid-up capital is Rs 129.99 crore.

Many of the stocks that are in the portfolios of the accused have given multibagger returns. Gensol Engineering, for example, which has given an eye-popping return of 800% in just 2 years, has lost one-third of its value since March 1.

Narendra Modi is preparing for the upcoming Lok Sabha elections with the rallying cry of ‘Abki Baar 400 paar,’ as he is scheduled to conduct a roadshow in Telangana's Hyderabad and address a public gathering in southern Kerala on Friday. Additionally, Modi intends to visit Telangana and Tamil Nadu as part of his campaign efforts on Friday.

IPL 2024 matches will be broadcast live in MENA countries such as United Arab Emirates (UAE), Qatar, Saudi Arabia, and nations. Mumbai Indians (MI), Chennai Super Kings (CSK), Kolkata Knight Riders (KKR), Gujarat Titans (GT), Rajasthan Royals (RR), Punjab Kings, Royal Challengers Bangalore (RCB), Lucknow Super Giants (LSG), Sunrisers Hyderabad (SRH), and Delhi Capitals will feature in this year's tournament.

IPL 2024: The Indian Premier League will be back next week, with the inaugural match between Chennai Super Kings (CSK) and Royal Challengers Bangalore (RCB) taking place on March 22. Let’s take a look at the 10 most exciting young Indian players to watch out for in the tournament. Abhishek Sharma was picked by the Delhi Daredevils (now Delhi Capitals) in 2018 when he was a part of the Indian U19 team that became world champions.

Godrej Properties, the real estate development arm of Godrej Group, has acquired over 3-acres land parcel in Hyderabad’s Kokapet locality. This is the second land parcel acquired by the company in Hyderabad, taking its overall development revenue potential to Rs 4,800 crore in the city. The land has a total development potential of 1.2 million sq ft of saleable area and the company is planning to develop a premium residential project here with an estimated booking value of Rs 1,300 crore. This acquisition is in line with Godrej Properties’ strategy of developing high-quality residential projects across India's leading real estate markets.

Godrej Properties on Thursday informed stock exchanges that it acquired a second land parcel in Hyderabad in the past one month to develop "high-quality residential projects". The real estate company acquired 3 acres of land in Kokapet near the Outer Ring Road junction close to Golden Mile Road in Hyderabad. Godrej Properties said that the development on Kokapet land is estimated to have a potential of 1.2 million square feet of saleable area comprising premium residential apartments with an estimated booking value of ₹1,300 crore.

Deccan Herald, BRS workers allegedly tried to "kidnap" Aroori, a former BRS MLA in Warangal city of Telangana. He had met Telangana BJP chief G Kishan Reddy on Tuesday, which sparked rumours of him planning to quit the BRS and join the BJP, the report added. "Former minister Errabelli Dayakar Rao had arrived to convince Aroori Ramesh and began taking him to Hyderabad," IANS reported.

Narendra Modi and Defence Minister Rajnath Singh congratulated the DRDO scientists for the successful test. “Proud of our DRDO scientists for Mission Divyastra, the first flight test of indigenously developed Agni-5 missile with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology," PM Modi said. Several female scientists including one from the Defence Research and Development Organisation (DRDO).

Ramzan, ANI reported. According to a report from news agency PTI, the restaurant management contacted the police after the crowd went out of control, leading to a massive traffic jam in the area. Hundreds of people congregated at the restaurant for free haleem, the video shared by PTI showed.

India can play a key role in building a resilient global electronics supply chain, said Cristiano Amon, chief executive of US chip giant Qualcomm Inc. In an interview with ET's Romit Guha and Himanshi Lohchab, Amon said the country has an opportunity to create large companies that serve both the domestic and global markets in areas such as semiconductor packaging and manufacturing. Edited excerpts: What are the opportunities for Qualcomm in India? There's an incredible opportunity with the transition to 5G. But it's not only 5G, but also the incredible opportunity that is developing with Gen AI and the opportunity to do Gen AI at the edge, not only at data centres, but across many different industries. What's Qualcomm's investment plan for India? India is our largest R&D site outside San Diego. We have a presence in a number of sites — from Hyderabad, Bengaluru, Chennai and Noida. The majority of our chips are designed in India, both hardware and software. With the world looking for alternatives to make the overall electronic supply chain more resilient, we see that India has an important role to play, an opportunity to create over time, very large Indian companies serving not only the Indian market, but also global, whether it's smartphone industrial modules, whether it's semiconductor packaging, and eventually semiconductor manufacturing.

Also Read: Hyderabad's Chaithanya Madhagani murdered in Australia by spouse; body dumped in bin, details here Even after India's independence on August 15, 1947, Hyderabad did not get independence and continued to remain under the rule of the Nizams for 13 months, the Union Home Ministry said in a notification on Tuesday. The city was liberated from Nizam's rule on September 17, 1948, after a police action namely 'Operation Polo'. Also Read: ‘Owaisi represents 140 crore Indians, not just minorities’, says Telangana CM Revanth Reddy "Now to remember the martyrs who liberated Hyderabad and to infuse the flame of patriotism in the minds of youth, the Government of India decided to celebrate the 17th day of September every year as 'Hyderabad Liberation Day'," the notification read.

Ramadan 2024 in India: The crescent moon of Ramadan 2024 is expected to be sighted in India on Monday, March 1, which means the fasting for the holy month will begin on Tuesday, March 12. The timetable informing Ramadan 2024 fasting, Sehri, and Iftar timings comes in handy as it helps in the observance of prayers to the almighty. The Ramadan 2024 moon was sighted in Saudi Arabia on Sunday, March 10, and usually the crescent moon is sighted in Asian countries including India, a day after Saudi Arabia and the UAE.

NEW DELHI : The Adani group will bid for the Airports Authority of India’s (AAI’s) stake in only Mumbai airport, and is not a suitor for the state-owned airport operator’s residual share in airports in Delhi, Bengaluru and Hyderabad, Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ) said. He added that the group will bid for airports that the government plans to put for auctions. “We will bid for (AAI) airports...

cricket series in India. England began with a win, showcasing an aggressive style known as “Bazball". Yet, they faced defeat in the next four matches.

PTI. Australia's Victoria Police registered a case on March 9 and in a statement said, "Homicide Squad detectives are investigating after a deceased person was located in Buckley, near Winchelsea.

Australia, allegedly by her husband. He then travelled to Hyderabad and handed over their child to her parents, reported TOI. The body of Chaithanya Madhagani was discovered in a wheelie bin on the side of a road in Buckley on Saturday. The woman had been living in Australia with her husband and their son. Upon learning of the incident, Uppal MLA Bandari Lakshma Reddy, who represents the constituency from which the deceased hailed, met with her parents.