City Hyderabad Financial News

BJP has promised in its manifesto for Telangana elections that it will quash the 4% reservation to Muslims and instead increase the quota for OBCs, SCs and STs in the state. Releasing the manifesto, titled Saubhagya Patra, Home Minister Amit Shah assured that a committee headed by a retired Supreme Court judge will investigate all corruption cases by the K Chandrasekhar Rao government and bring the guilty to book.

Narendra Modi Stadium in Ahmedabad, with a seating capacity of over 1.3 lakh spectators, is gearing up for the highly anticipated ICC World Cup final between India and Australia this Sunday. The excitement surrounding the event is reaching unprecedented levels, attracting attention from all corners. The surge in demand has led to various industries experiencing a positive impact. Over 100 charter flights have been booked to transport the affluent and influential individuals to Ahmedabad.

Hyderabad, as an unemployed couple decided to end their lives along with their four-year-old daughter. As per a TOI report, the bodies of K Sai Krishna (35), his wife Chithralekha (30), and their daughter Tejaswini were discovered hanging in their home in Gangaputra colony on Friday.

(This story originally appeared in on Nov 16, 2023)

Rahul Gandhi and party chief Mallikarjun Kharge launched a scathing attack on Telangana Chief Minister K Chandrashekar Rao (KCR) while campaiging for the assembly elections on Friday. While Gandhi took a dig at KCR for making "a rule of one family", Kharge said the chief minister's "retirement days are also close".

The festive season is upon us, and stakeholders in India’s real estate sector have more than just the holiday cheer to be excited about this year. What has kept the growth momentum going for the second-largest employment sector in the country at a time when global economies are reeling under the impact of geo-political tension?

Realty firm Brigade Enterprises has formed a partnership with Krishna Priya Estates and Micro Labs to develop a housing project in Bengaluru that has an estimated sales value of Rs 2,100 crore. The 14-acre land parcel is located at Yelahanka in North Bengaluru. Brigade Enterprises Ltd has signed a Joint Development Agreement (JDA) with Krishna Priya Estates and Micro Labs to develop around 2 million sq ft of residential project in Bengaluru with a Gross Development Value (GDV) of Rs 2,100 crore, the company said in a regulatory filing on Thursday. «We will create a wonderful residential development worthy of the marquee location. We anticipate the project to yield a revenue realisation of Rs 2,100 crore on completion,» Brigade Enterprises Ltd Managing Director Pavitra Shankar said. The company has been acquiring land outright and through JDAs to expand its business amid strong demand for residential properties. Last month, Brigade bought a 9.71-acre land parcel in Hyderabad for Rs 660 crore to expand its business. In August, Brigade Enterprises acquired a 6.54-acre land parcel in Chennai from Pfizer Healthcare India for nearly Rs 139 crore to develop a residential project. Recently, Brigade Enterprises has reported a 72 per cent increase in its consolidated net profit to Rs 133.50 crore for the second quarter of this fiscal year.

NEW DELHI : Legends League Cricket (LLC), a global T20 cricket league with recently retired international cricketers, is looking to raise $10 million to develop the league further, Raman Raheja, a director of Absolute Legends Sports Pvt Ltd and chief executive of LLC, told Mint. Some of the big names in the league are Harbhajan Singh, Gautam Gambhir, and Chris Gayle. The league, which has two formats and runs at two different times of the year, has raised a total of $7 million since its inception in 2022, when the first season of the league was played.

NEW DELHI : Foreign airlines have always seen India as a market that feeds their hubs, but that seems to be changing with key foreign carriers from Asia Pacific seeing India becoming an aviation hub, which can be used to connect Africa and the Middle East from their part of the world. Senior executives from Japan Airlines and Thai Airways said they see the potential of India becoming a hub but it may take some time for this to become a reality.

₹3,170 crore (Cr) which too has increased by 41% YoY indicating a movement toward the sale of higher-value homes. The Hyderabad residential market includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy. In October 2023, the highest proportion of property registrations in Hyderabad was in the price range of ₹25 – 50 lakh, accounting for 50% of the total registrations.

Last date to submit annual life certificates, deadlines for special FD: 5 money deadlines in November 2023 Bali Pratipad, also known as Bali Padyami, Diwali Padva, Virapratipada, or Dyutapratipada, is the fourth day of Diwali and is celebrated in various regions of the country to commemorate the mythical return of the daitya-king Bali to earth. The lunar fortnight officially begins today.

student visa season, the US Embassy and Consulates in India granted a record-high number of student visas. In India, consular staff granted 95,269 visas in the F, M, and J categories.

fire at a godown located in an apartment complex in Bazarghat, Nampally of Hyderabad. As reported by ANI citing DCP Venkateshwar Rao Central Zone, “Six people have died in a fire at a godown located in an apartment complex in Bazarghat, Nampally of Hyderabad." Further details awaited. Earlier in the day, a fire erupted at an electronics store located in Shalibanda, Hyderabad, Telangana, during the early hours of Monday.

Ashok Gehlot on Sunday alleged the Bharatiya Janata Party (BJP) of having connections with the perpetrators responsible for the killing of Udaipur tailor Kanhaiya Lal Teli. Rajasthan CM further asserted that the BJP was attempting to fuel communal tensions as the state approached the Assembly elections scheduled for November 25.

A Raja, against whom a writ of quo warranto was filed for his speech on Sanatana Dharma, in a counter affidavit said the allegations that were made were vague.

Yogi Adityanath said on Sunday that 88 diplomats from 54 countries had visited the new Ayodhya and witnessed the grand 'Deepotsav' in the holy city. Speaking to about the grand Deepotsav, CM Yogi said, «The country and the world have witnessed the Deepotsav of Ayodhya. Diplomats from 54 countries have come and visited the new Ayodhya.

elections in November, where the Congress is citing the example of their «guarantees» in Karnataka in their poll campaigns, former Karnataka Chief Minister, HD Kumaraswamy, said that these «guarantees» have failed in the state. «In Karnataka, before the election, they (Congress) announced five guarantee schemes and they wanted to expand all these schemes across the country to get the vote of the people. These five guarantees have failed in Karnataka,» Kumaraswamy said in a press conference on Sunday. The Janata Dal (Secular) leader alleged that the Congress is misusing money in the name of common citizens.

Pinarayi Vijayan on Sunday attacked the BJP-led central government and said it took 80 days for Prime Minister Narendra Modi to utter a word about the violence in Manipur. Vijayan, while releasing a book titled 'Manipur FIR' penned by Delhi-based journalist George Kallivayalil, said the union ministers did not even care to visit the northeastern state for at least three months into the violence which broke out in May this year. The senior Left leader, in an event held here, said at a time when «mainstream media were diluting or completely ignoring the reports on violence from Manipur», Kallivayalil has taken an initiative to document the crimes against humanity taking place there. «Manipur has been marred by violence for the past six months. It's noteworthy that some media outlets, which reached Israel within hours, yet have not covered the situation in Manipur.

Telanagana Assembly election, workers of the ruling Bharat Rashtra Samithi (BRS) and Congress clashed in the poll-bound state, police said. The incident took place in Achampet town of Nagarkurnool district at 11 pm on Saturday. According to police, ruling party MLA Guvvala Balaraju sustained injuries during clashes and was rushed to a hospital in Hyderabad along with others. «Congress leaders suspected that the MLA was distributing money to voters. This led to an argument.

T Raja Singh expressed confidence of winning from the Goshamahal constituency in the city for a third time in the upcoming Telangana assembly elections. BJP legislator Raja Singh, who is seeking a third term from Goshamahal segment, told PTI that he will score a hat-rick of victory. BRS Goshamahal in charge Nanda Kishore Vyas is pitted against Raja Singh from Goshamahal segment.

Sun TV Network's net profit increased 13.86% for the fiscal quarter ended September 30 to Rs 456.24 crore, up from Rs 400.71 crore in the previous fiscal quarter. EBITDA grew 36.48% from Rs 524.78 crore to Rs 716.21 crore. Domestic subscription revenue increased by 5.34% to Rs 418.23 crore, increasing operating revenue by 28% to Rs 1,017.98 crore. Total revenue for the quarter increased by 27.48% to Rs 1,125.08 crore. Sun TV Network has TV channels in six languages, an OTT platform called Sun NXT, and FM radio stations all over India. It also owns the SunRisers Hyderabad team in the Indian Premier League and SunRisers Eastern Cape in the South African Twenty20 League. The company's board has declared an interim dividend of Rs 5 per share.