City Hyderabad Financial News

Indian Men's Cricket Team has included four spinners in its squad for the first two tests against England but experienced fast bowler Mohammed Shami is not yet fit to take part. Wicketkeeper-batter Dhruv Jurel has received a maiden call-up for the Indian Test squad for the first two Tests. India named four spinners--Ravichandran Ashwin, Ravindra Jadeja, Axar Patel and Kuldeep Yadav--in their Test squad for the first two matches.

NEW DELHI : Visakhapatnam, Ghaziabad and Faridabad are emerging as India’s newest new e-commerce hotspots, according to a new report evaluating the potential of 100 major cities for digital commerce. Bengaluru, Mumbai and Delhi, as expected, top the list, according to the India Digital Commerce Index report by consulting firm Kearney and e-commerce marketplace Meesho. “The second cohort of cities includes the major tier 1 cities of Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune," the report stated, adding that India’s e-commerce market is expected to be valued at roughly $200 billion by 2026.

CGHS scheme? What are the facilities available under the CGHS scheme? In which cities you will get the benefits of the CGHS scheme? Here are all your questions answered.

Times of India report, tour operators have seen a noticeable decline in enquiries and a significant drop in prices for Maldives holiday packages despite multiple long weekends in January. The ToI report cited the example of Hyderabad, wherein a three-day package from Telangana's capital city to Maldives would cost between ₹55,000 and ₹70,000, now costs ₹45,000. Or even lower! The ToI report also said one-way flight tickets from here to Male are now going between ₹12,000 and ₹15,000, down from the previous average of ₹20,000.

Revanth Reddy hosted representatives of 13 countries for dinner at Qutub Shahi Tombs in Hyderabad on Wednesday evening. «Representatives of America, Iran, Turkey, UAE, UK, Japan, Thailand, Germany, Sri Lanka, Bangladesh, Australia, France and Finland attended the event,» read a press note issued by the Chief Minister's Office (CMO).

Creditors to Gayatri Projects (GPL), promoted by former Rajya Sabha MP T Subbarami Reddy, have voted to initiate liquidation proceedings against the company after rejecting the only bid from private equity fund Mark AB Capital Investment LLC, people familiar with the matter said. Mark AB was offering a total of ₹650 crore, of which only ₹50 crore was upfront cash, ET had reported in October. It was the only serious offer lenders had received, which has now been rejected because of its low value. «The voting which closed late last week showed more than 66% of the lenders are in favour of liquidation.

Care Hospitals Group is considering more acquisitions, as it looks to become the third largest hospital chain in India. The Hyderabad-based chain will have 5,000 beds after it completes the acquisition of Thiruvananthapuram-based KIMS Health. It is currently one of the top 5 hospitals in India in terms of bed capacity. «Currently we (Care Hospitals) are about 3,000-plus beds, KIMS has about 2,000 odd beds, so it will be a 5,000 beds entity,» Care Hospitals Group chief executive Jasdeep Singh said in an interview to ET.

Indian Navy on Wednesday received its first locally made medium altitude long endurance drones, which were contracted using emergency financial powers last year, marking the first major weapons delivery by the Adani Group. The drones will enhance surveillance and reconnaissance capabilities in the Arabian Sea, said Navy chief Admiral R Hari Kumar. The drones — Drishti 10 Starliner unmanned aerial vehicles (UAVs), also known as Elbit Hermes 900 — have been manufactured at Hyderabad facility of Adani Defence and Aerospace which is being expanded to a manufacturing hub for missiles and UAVs.

Yves Leterme said on Wednesday that the European Union is focusing on Free Trade Agreement with India in coming days and emphasized on inclusiveness in education and said that challenges of illiteracy should be addressed. Merchant Chamber of Commerce & Industries (MCCI) in association with Woxsen University in Hyderabad organised a National Round Table on “Glocalization in Education for the Future Businesses” on Wednesday in Kolkata. Former Prime Minister of Belgium Yves Leterme was the Chief Guest of the session. Leterme said that “glocalization is an approach that recognizes the interconnectedness of global and local contexts and seeks to create a more inclusive and culturally sustainable society.” MCCI President Namit Bajoria, in his welcome address, emphasized that in today's fast-paced and interconnected world, “the concept of glocalization has become increasingly relevant for shaping the education systems that would prepare future business leaders”. Bajoria noted that the adoption of global standards and benchmarks in local context and incorporating local perspectives into global frameworks is becoming increasingly important. Chahat Mishra emphasized on the need of establishing diplomatic relations by educational institutes.

The ISPL will be India’s first tennis ball cricket tournament to be played in a stadium. The first edition of the ISPL tennis ball cricket tournament will be played over March 6-15. The idea is to provide young players from the grassroots level a national level platform. Six clubs—owned by the likes of Amitabh Bachchan (Mumbai), Ram Charan (Hyderabad), Hrithik Roshan (Bengaluru), Suriya (Chennai), Saif Ali Khan and Kareena Kapoor (Kolkata) and Akshay Kumar (Srinagar)—will compete in the ISPL.

Puravankara has reported a sales value of Rs 1,241 crore for Q3FY24, a significant surge from the Rs 796 crore noted in the corresponding quarter of the prior fiscal year. Puravankara highlighted its record customer collections in Q3 FY24, reaching Rs 941 crores, marking a 52% year-on-year increase from Rs 621 crores in Q3 FY23. Ashish Puravankara, Managing Director, Puravankara Ltd., said, “The first nine months of FY24 has seen exceptional pre-sales, marking a strong growth of 89 percent Y-o-Y growth.

Delta Corp, an online gaming firm, plunged 5% to ₹143.10 apiece in early deals on Wednesday after the company delivered a weak set of numbers for the December-ending quarter (Q3 FY24). The company on Tuesday reported a consolidated net profit of ₹34.48 crore in Q3 FY24, marking a substantial decline of 59.34% compared to the net profit of ₹84.82 crore in the corresponding period of the previous year.

enquiries and a substantial reduction in prices for Maldives vacation packages despite multiple long weekends in January, reported TOI. Formerly priced in the range of Rs 55,000 to Rs 70,000, three-day packages from Hyderabad, encompassing airfare, lodging, meals, and sightseeing, are presently accessible for Rs 45,000 or even less. Luxurious five-star packages, previously priced at over Rs 2.5 lakh, have now fallen below the Rs 2 lakh mark, as per travel agents. Additionally, the cost reduction trend may continue.

social media platforms over the weekend that they had cancelled plans to travel to the island nation. Some companies have, however, seen a surge in queries for Lakshadweep, they said. It comes in the wake of the row over derogatory remarks against India and Prime Minister Narendra Modi posted on X by three now-suspended junior Maldivian ministers after PM Modi’s posts promoting tourism in the Lakshadweep islands. “We haven’t seen any immediate cancellations for our flights, but since it’s a developing situation, we will be observing closely and will be monitoring the situation after a week,” Deepak Rajawat, chief commercial officer of Vistara, said in response to a query from ET. There are 58 weekly flights between India and the Maldives, operated by IndiGo, Vistara and Air India. IndiGo has seen no immediate cancellations or impact on forward sales, said people with knowledge of the matter. However, the airline did not respond to ET’s queries in this regard. Indigo has cancelled direct flights between Delhi and Male from January 17 as it has been forced to rejig its network due to the grounding of aircraft over issues with the Pratt & Whitney engines fitted in its 150 Airbus A320 aircraft.

NEW DELHI : Qualcomm India will invest ₹177.27 crore in setting up a design centre in Chennai, the chipmaker said at the Tamil Nadu Global Investors Meet on Sunday. The centre will focus on innovations in areas that complement wi-fi technologies and contribute to Qualcomm’s global research and development efforts in 5G cellular technology, the company said.

Delhi-NCR has dipped from 1,23,692 units by 2022-end to approximately 94,803 units by 2023-end as it remained one of the most vibrant residential markets among the top 7 cities in 2023. Despite robust sales in the region last year, developers throttled back new supply to support the liquidation of previous unsold stock, leading to a significant reduction in market inventory. According to Anarock data, there was a 23% yearly decline in Delhi-NCR’s unsold inventory.

Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government. India needs to have a robust backbone for charging infrastructure across the length and breadth of the country with considerations of traffic and population density, as it aims to break the barriers for large-scale adoption of electric vehicles. India's top nine cities, with a population of over 40 lakh each, would require 18,000 public EV charging stations by 2030, according to the recent government data.

Dr Reddy's Laboratories is recalling over 8,000 bottles of a generic medication used to prevent rejection of a transplanted organ from the US market due to a packaging error, according to the US Food & Drug Administration. The Hyderabad-based drug major is recalling 8,280 bottles of Tacrolimus capsules from the US market for «presence of foreign tablets/capsules» in the affected lot.

government on Friday said it will revamp the standard operating procedures for tunnel construction after an expert panel found many shortcomings in the under-construction Silkyara tunnel, which collapsed in November last year, leaving 41 workers stranded for more than two weeks. At a press briefing, Road Transport and Highways Secretary Anurag Jain said the Silkyara tunnel project in Uttarkashi is still workable, and the government will not abandon it. An experts' panel to investigate the collapse of a portion of the under-construction Silkyara tunnel has pointed out many shortcomings in the project, he added.

Why one should invest in real estate in Bengaluru: Experts share 5 profit tips Among the housing units, the appeal of owning a villa has intensified in the metro cities. Delhi-NCR, Mumbai-MMR, Hyderabad, and Bangalore have seen the greatest demand for these luxury properties.