City Hyderabad Financial News

Life Insurance Corporation of India (LIC) on Monday received a GST order with interest and penalty of ₹183 crore for Telangana. The GST order demanded excess input tax credit claimed under the reverse charge mechanism and short payment under the reverse charge mechanism. Also Read: LIC reduces stake in HDFC Asset Management Company to 7% from 9.04% “Under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received a communication/ demand order for collection of GST along with interest and penalty for Telangana state.

Keppel Corporation’s infrastructure division and AM Green, which is wholly owned by the founders of Hyderabad-based Greenko, have decided to jointly explore opportunities in producing biogenic carbon-based sustainable fuels in South-east Asia and the Middle East. These sustainable fuels can serve as an environmentally sustainable alternative to fossil fuels to support the decarbonisation of heavy industrial operations and the aviation sector. The companies estimate that these two regions can harness and aggregate at least a million tonnes of biogenic carbon dioxide per year.

David Warner. When I first spoke to him in 2013, he was in the middle of a storm and clouds of a possible ban were hovering over his head. Just a few days back he had punched England batsman Joe Root in a Birmingham bar.

he would never take oath as a legislator in front of AIMIM "as long as he is alive" because Akbaruddin Owaisi had made anti-Hindu remarks. "Can I take oath in front of a person (Akbaruddin Owaisi) who made anti-Hindu comments in the past?" asked Raja Singh. Raja Singh has alleged that the incumbent Chief Minister Revanth Reddy was also scared of AIMIM just like his predecessor, K Chandrashekar Rao.

Rapido bike rider (Captain) has filed a complaint with the Panjagutta police in Hyderabad, alleging that a customer who booked a ride stole his bike after sending him to buy food. The incident, according to a Times of India report, occurred on the night of November 30. The culprit has not been located yet.

Telangana assembly's pro-tem speaker, saying he and other BJP MLAs would not take part in the oath-taking ceremony with the AIMIM lawmaker presiding over the proceedings. The event is scheduled to take place at 11 am on Saturday. In a video message, Raja Singh called it “unfortunate" and said the Congress' real face has come to the fore after it formed the government in Telangana.

K Chandrasekhar Rao, the former Chief Minister of Telangana has undergone a successful total left hip replacement surgery at a private super-specialty hospital in Hyderabad, as per a PTI report. The surgery, conducted by a team of senior orthopaedic surgeons and medical professionals at Yashoda Hospital, was confirmed in a health bulletin released by the hospital on Friday night. Rao, more commonly known as KCR, underwent the procedure after sustaining a fracture from a fall at his residence on December 7.

GMR Airports Infrastructure Ltd witnessed a significant shake-up in its shareholding pattern on Friday. Rajiv Jain-led US-based boutique investment manager, acquired a 4.68% stake (282.8 million shares) in the company for ₹1,671.55 crore via a block deal on the exchange. The average price per share was ₹59.09.

In a significant development for home searchers, Housing.com has unveiled an AI-driven Price Trend Engine. This feature utilises Machine Learning (ML) and Artificial Intelligence (AI) to offer users critical pricing data and insights, thus facilitating more informed decisions for buying, selling, or renting properties.

The first half of fiscal year 2024 remained lacklustre for commercial office space activity across the top 7 cities, with both net absorption and new completions remaining largely stagnant compared to the same period last year. New office supply across the top 7 cities rose by a meagre 5% in H1 FY2024 against H1 FY23, and net office absorption saw a marginal yearly decline of 1% in this period.

In a bid to tame inflation and sustain economic growth, the Reserve Bank of India (RBI) on Friday decided to keep the repo rate unchaged at 6.5% for the fifth time in a row, which is good news for both homebuyers and real estate.

NCP rival faction chief and fellow Deputy CM Ajit Pawar, opposing Nawab Malik's induction into the ruling alliance in the state, Nationalist Congress Party (NCP) MP Supriya Sule said that what BJP did to Nawab Malik was wrong and Court would do justice «What BJP did to Nawab Malik is wrong...Nawab Malik fought against the drug mafia. BJP has become the 'Bhrasht Jumla Party' and Nawab Malik continued to expose them...Everybody is innocent till they are proven guilty.

Bharatiya Janata Party on Thursday announced its Central observers in their recently won states--Rajasthan, Madhya Pradesh and Chhattisgarh. «The Parliamentary Board of the Bharatiya Janata Party has approved Central observers of the party in Rajasthan, Madhya Pradesh and Chhattisgarh,» a release from the party said. Defence Minister Rajnath Singh, Rajya Sabha MP Suresh Pandey and Vinod Tavde, National Secretary General have been appointed as observors in Rajasthan. In Madhya Pradesh, Haryana CM Manohar Lal Khattar, K Laxman, National President, OBC Morcha and Aasha Lakda, National Secretary have been given the responsibility.

Trinamool Congress leader in Lok Sabha Sudip Bandyopadhyay Friday described the Ethics Committee's recommendation to expel party MP Mahua Moitra in a «cash-for-query» allegation as «political vendetta» and claimed that it was aimed at stopping her from raising issues against the Adani Group. Bandyopadhyay said he had a one-on-one meeting with Lok Sabha Speaker Om Birla, who informed him that the report would be tabled along with a resolution.

Tamil Nadu Chief Minister MK Stalin will be donating one-month's salary to the Chief Minister's Public Relief Fund to help Tamil Nadu's recovery from Cyclone Michaung havoc. The Chief Minister has also called on all MPs and MLAs to do the same.

Bollywood films such as Caravan, Haathi Mere Saathi, and Mera Naam Joker, passed away today on December 8 after battling stomach cancer, his son Hasnain Sayyed confirmed to PTI. Junior Mehmood, whose real name was Naeem Sayyed, was 68. He is survived by his wife and two sons.

(This is a breaking story. More details awaited)Milestone Alert!Livemint tops charts as the fastest growing news website in the world

health snack brand Epigamia has elevated its cofounder and chief operating officer Rahul Jain to the role of chief executive officer. He succeeds Rohan Mirchandani, the other cofounder who has now moved into the role of executive chairman. Ankur Goel, a founding member of Epigamia who has overseen the company's supply chain and business intelligence functions, has been elevated to the post of COO. In his new role, Jain will be spearheading the company’s overall business and creating a unique proposition in the FMCG space, developing strategies to stay competitive, identifying new opportunities, and fostering innovation, Epigamia said in a news release. An IIT-Bombay and Indian School of Business-Hyderabad alumnus, Jain began his career in finance, working for Deutsche Bank’s Credit Structuring team. After his MBA, he launched Doctor Moo – an organic milk brand — before partnering with Mirchandani to launch Epigamia. Over the previous year, Epigamia has undertaken strategic measures to streamline its cost structure across diverse functions leading to significantly improved profit margins, the company said. The brand retails via 20,000-plus touchpoints in more than 30 towns.

iith.ac.in. As per the notification, the last date to apply is 22nd December. The notification states the opening is available for 15 departments namely: Artificial Intelligence, Electrical Engineering, Biomedical Engineering, Entrepreneurship and Management, Biotechnology, Liberal Arts, Chemical Engineering, Materials Science and Metallurgical Engineering, Chemistry, Mathematics, Civil Engineering, Mechanical and Aerospace Engineering, Computer Science & Engineering, Physics, Design.

TPCC Chief A Revanth Reddy as the Chief Minister of Telangana. The ceremony is scheduled to take place on Thursday afternoon at LB Stadium. Traffic restrictions will be enforced in the vicinity of LB Stadium from 10 a.m. to 5 p.m., the advisory said. Traffic will face either stoppage or diversion at the specified locations/routes

global capability centers (GCCs) in India established a base in a tier II city as companies sought to tap new talent markets, according to data from CBRE. In addition, GCCs across sizes and maturity levels are expanding and consolidating their footprint in India even as global technology demand remains cautious.