City Hyderabad Financial News

The EMI (Equated Monthly Instalment) to income ratio for households has improved in 2023 after the brief decline in affordability in 2022, according to Knight Frank India’s proprietary Affordability Index.

non-compete clauses as part of employment contracts by employers while making top management employee appointments. Yet lawsuits against employees for contract violations are not a frequent phenomenon in India. What happened?

What happened?

inauguration of the Ram Temple in Ayodhya approaches, the buzz is all about the unique elements set to grace the sacred space. From a massive bell with the resonating chant of «Jai Sriram» to intricately crafted doors from Hyderabad, the temple is gearing up for a splendid ensemble.

Gifted 2023' report. With a spotlight on roses, cakes, and emerging trends, the report provides insights into the evolving landscape of gifting in the digital age.

Maruti Suzuki, Hyundai and Honda are ‘most-trusted’ brands among used car buyers While grey, and red were the preferred colours among Spinny buyers. The data also revealed that Bengaluru, Delhi-NCR, and Hyderabad were the cities with the highest demand for used cars in 2023.

Affordability Index: For many aspiring homeowners in India's bustling metropolises, the dream of owning four walls of their own has long felt like a distant mirage shimmering in the heat. But a recent report from Knight Frank India painted a surprisingly optimistic picture, suggesting that the dream is finally within reach for many.

Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023. Bengaluru and MMR recorded the second-highest average price hike in this segment at around 27% each. In Bengaluru, the average price of a luxury home stood at Rs 10,210 per sq ft in 2018. Since then, the average price rose to Rs 12,970 per sq ft. In MMR, the average price in the luxury segment was Rs 23,119 per sq ft in 2018. It jumped to Rs 29,260 per sq ft at the end of the first six months of 2023.

Ram temple in Ayodhya is set to be inaugurated, the city of Hyderabad earns a place of honor with its name etched on the intricately designed wooden doors that adorn the sacred structure. Anuradha Timbers, a century-old firm based in Hyderabad, has been entrusted with the task of crafting these doors, many of which will be adorned with gold plating, a TOI report stated.

₹6,105 per sq. ft. in Q3 2022 to nearly ₹6,800 per sq.

Mumbai, Pune and Hyderabad will be the driving forces in the Indian residential real estate sector’s anticipated continued growth in 2024, according to Housing.com. Its latest report highlights these cities as the epicentres of intensified market activity, poised to significantly shape the sector’s narrative in the upcoming months.

₹180 per piece. Investors can submit bids for a minimum of 800 equity shares or in multiples thereof, amounting to a minimum of ₹1,44,000. Retail investors have the option to bid for a single lot of 800 equity shares, while non-retail investors must bid for a minimum of two lots (1,600 equity shares), totaling at least ₹2,88,000.

Savills India. Bengaluru, Delhi-NCR and Mumbai are the top 3 performing cities and contributed to nearly 60% of the gross leasing activity in 2023. “Indian office market has seen an all-time high leasing in 2023, reversing the tides of subdued demand till six months ago. Mumbai and Chennai hit their peaks, as the second half of 2023 recovered strongly compared to the trailing 12 months (June 2022-June 2023). The renewed confidence of the markets bodes well for the industry as well for the economy, especially as we tread into a year of major democratic elections, in India as well as the US” said Anurag Mathur, CEO, Savills India. Mumbai saw record leasing activity at 10.1 mn sq.

NEW DELHI : GMR group expects the debt cost for its airports to decline, ensuring significant inflow from passive funds, as well as foreign fund managers following the merger of GMR Airports Ltd with group holding company GMR Airports Infrastructure Ltd, Saurabh Chawla, executive director, finance and strategy at GMR Airports Infrastructure, told Mint. The merger is expected to be concluded around March, but the procedures indicate that the company may complete the merger by February, he added. “With the completion of the merger, the market capitalization of the listed entity GMR Airports Infrastructure Ltd will double and that will bring us several benefits.

businesses, payments and API banking company Cashfree Payments has launched a self-hosted payments orchestration platform, FlowWise. The platform’s self-hosting feature claims to eliminate safety concerns, making it a secure solution for merchants. Akash Sinha, Co-founder & CEO, Cashfree Payments, says FlowWise is a single-point payments management solution for India’s digital-first businesses.

Vistara flights bound for Hyderabad from Bengaluru and Mumbai had to return to their respective departure cities on Monday morning. The first one, UK837 traveling from Mumbai to Hyderabad, had to go back to Mumbai because of unfavourable weather at the Hyderabad airport. Similarly, the second flight, UK897 from Bengaluru to Hyderabad, was diverted and returned. #DiversionUpdate: Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours. Please stay tuned for further updates. — Vistara (@airvistara) December 25, 2023 «Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours,» the airline posted on X (formerly Twitter). #DiversionUpdate: Flight UK897 from Bangalore to Hyderabad (BLR-HYD) has returned to Bangalore (BLR) due to bad weather at Hyderabad airport and is expected to arrive in Bangalore at 0940 hours.

Telangana Today report, on 25 December, Hyderabad witnessed dense fog for the second day in a row. At Rajiv Gandhi International Airport, the visibility decreased to just 300 metres, which was a first for this winter season.

real estate investment trusts (REITs) offer an indirect yet accessible way to invest in real estate, allowing individuals to benefit from property income and appreciation without direct ownership responsibilities. REITs provide liquidity and portfolio diversification in the real estate market, added Navin.

Bengaluru dominated office space absorption, but Chennai surprised everyone with over 2x growth and a record 10.5 million sq ft uptake, landing it in the top 3 for the first time, according to a report by Colliers India. Additionally, Bengaluru, Chennai, and Hyderabad registered the best performance since the COVID-19 pandemic. "Indian commercial real estate and office markets will continue to witness steady interest from domestic as well as foreign-origin occupiers.

massive spike of more than 160 percent. Other tokens such as Ethereum, Solana, Dogecoin and Cardano also were in the green, stated the second edition of CoinSwitch report, ‘India’s Crypto Portfolio 2023’. The report has shown a slew of interesting facts.

first-day earnings of ‘Dunki’, the much-awaited Shah Rukh Khan-starrer have been unexpectedly modest. According to a report by the Indian box-office tracking portalSacnilk.com, the Rajkumar Hirani directorial collected about Rs 30 crore on its opening day. Although many cities in North India showed a lukewarm response to the movie, ‘Dunki’ performed well in the city of Hyderabad. Additionally, the film was met with an enthusiastic response in regions such as Rajasthan, Uttar Pradesh, Delhi, and West Bengal. Taking to X (formerly Twitter), Box Office Worldwide shared the first-day collections of the movie (Rs 31-33 crore) and called it a “fantastic” figure for a social comedy-drama genre. “#Dunki is taking a solid opening of 31.5-33 cr on day 1, which is FANTASTIC for this social drama genre and given a mid-week release! There are reports of phenomenal audience response from cinemas, like all Hirani films this one is also going to trend strongly from here,” reads the post. ‘Dunki’s lukewarm first-day collections (in comparison to SRK’s previous releases ‘Pathaan’ and ‘Jawan’, led detractors to troll the superstar and Hirani on X. The words “SRK’s Disaster Donkey’ trended on the microblogging platform. “#Dunki is Raju Hirani's Weakest film, It's a Borefest of Epic Proportions, Shahrukh's acting and accent is Cartoonish, You will be scrolling your mobiles in the 2nd Half!” wrote one X user.