City Hyderabad Financial News

11.11 / 11:03

Provident Ball Racing love country social World Cup 2023: Virendra Sehwag lambasts Pakistani fans, ex-cricketers on social media, says 'Sahi mauke par..'

ICC Men's World Cup 2023 on Saturday, Pakistan lost their last hope to secure a semi-final berth as England elected to bat first. It is known that both the fans and former cricketers of Pakistan have repeatedly blamed the International Cricket Council (ICC) and the Board of Control for Cricket in India (BCCI) for using their influence to knock Pakistan out. Some even accused the ICC of providing different balls to Indian bowlers, while others alleged that BCCI manipulated the DRS to India's advantage.

11.11 / 01:57

Citi Ball Instagram cover social stars ENG vs PAK, ICC World Cup 2023 match today: When, where and how to watch, live-streaming details

World Cup 2023 match at Eden Gardens Cricket Stadium, Kolkata. England vs Pakistan Kolkata ODI is a day-night match and will start at 2 p.m. It would be the 9th match of both the teams in the ICC ODI World Cup 2023.

10.11 / 11:15

Booking Enterprise Experts performer hospital reports Brigade Group’s net profit jumps 117% in Q2

Brigade Group reported a significant jump in net profit and sales for the second quarter of FY24, with all business segments seeing high growth. The company’s reported total revenue of Rs 1,408 crore, a 54% jump in the second quarter of FY24 as compared to the same period last year, while the net profit more than double at Rs 134 crore in Q2 FY24. The company’s new bookings in the real estate segment in Q2 FY 24 is 1.67 mn sft valued at Ra 1,249 crore. The collections for Q2 FY24 stood at Rs 1,439 crore, an increase of 15%. «All business verticals contributed significantly to the growth of the company in Q2 of FY24.

10.11 / 10:32

Citi FIVE pandemic show reports Mumbai Rental income in Mumbai, Bengaluru: Annual return on investment from property jumps up to 20% in 5 years!

The average annual rental yield in cities like Mumbai and Bengaluru has jumped up to 20% since 2019. According to the latest Anarock Research data, Bengaluru has the highest rental yield of 4.35% as of September 2023 end. It was just 3.6% in 2019, showing a jump of over 20% in the last five years.

09.11 / 19:05

information Engineering schools cut minimum salary threshold to lure recruiters

₹12 lakh, but last month we reduced it to ₹9 lakh. This has helped us get more companies to the campus," said the placement head of a third-generation Indian Institute of Technology (IIT) who did not want to be named. The IIT so far has seen a highest offer of ₹48 lakh offered to its students, but a big chunk of the batch remains without a job.

09.11 / 19:05

Citi CEO Parke Tech workers' return to office boosts house rents

BENGALURU , MUMBAI : Home rental costs in Bengaluru, Hyderabad and Pune rose as much as 30% in the last nine months as tech companies brought staff back to offices, and are expected to rise another 10-12% in the year ahead, Anarock Property Consultants said. Tata Consultancy Services (TCS) and Wipro have asked their employees to attend office thrice a week, while Infosys wants them in roughly 10 days a month. HCL’s senior management must attend office thrice a week, while junior to middle order are on work from home mode but nudged to come to office more.

09.11 / 14:09

Citi Provident Waves Remark Limelight House Rent in Bengaluru, Hyderabad, Pune: Average monthly rentals in top areas jump over 30%

Housing rents continue to soar across top 7 cities, led by leading IT/ITeS hubs Bengaluru, Hyderabad, and Pune. According to latest ANAROCK Research data, among top 7 cities, residential rentals in Bengaluru’s prominent areas soared by over 30% in the first nine months of 2023 (9M 2023).

09.11 / 09:31

Target performer track information record high Prestige Estates shares surge 11% in 2 days to hit record high on best-ever quarterly results

Prestige Estates Projects surged 11 percent to their record high in 2 sessions after the realty firm posted its best-ever results for the quarter ended September, driven by successful launches. The company recorded its highest-ever quarterly sales of ₹7,092 crore by selling 3,659 units in the September quarter. Just in today's (November 9) session, the stock gained as much as 5.4 percent to its all-time high of ₹877.50.

09.11 / 09:31

Citi Waves pandemic country reports Housing rent in Bengaluru rise by more than 30% this year; Whitefield sees highest growth in nine-month

₹24,600 per month by 2022-end to ₹28,500 per month by September-end 2023. At Sarjapur Road, average monthly rents increased from ₹24,000 per month in 2022-end to ₹30,500 per month in September 2023". Also read: Tax implications for non-residents selling ancestral property in India Besides Bengaluru, housing rents have soared in other metropolitan cities including Hyderabad, Pune, Delhi and Mumbai.

09.11 / 01:19

Digital Manufacturing electronic information reports testing Kaynes SemiCon investing Rs 2,850 crore in semiconductor assembly in Telangana

Kaynes SemiCon, a 100% subsidiary of Kaynes Technology, is investing Rs 2,850 crore in a facility in Hyderabad for outsourced semiconductor assembly and testing (OSAT), with automatic test equipment (ATE) and a reliability testing line, chief executive Raghu Panicker said. The groundbreaking ceremony for the facility that will have 13 lines for OSAT, and one each for ATE and reliability testing was held recently.

08.11 / 14:23

Digital Entertainment Software NXP electronic testing Geopolitics, Covid-19, LLMs disrupted semiconductor supply chain: industry execs

Geopolitics, Covid-19 and mainstreaming of large language models (LLMs) have disrupted the semiconductor supply chain, said a senior semiconductor industry executive on Wednesday at the Nasscom Future Forge Conclave. “There were three key moments in the past three or four years that have brought the semiconductor ecosystem back to the forefront. First of them being geopolitics,” said Narendra Bhandrari, partner, Sea Fund, who has worked at Intel for more than two decades.

08.11 / 11:09

Citi CEO performer reports Luxury housing sales in top 7 Indian cities rise by 97% YoY in Jan-Sep’23

The luxury housing segment in India, comprising units priced at Rs 4 crore and above, maintained strong sales momentum in the Jan-Sep’23 period, registering a 97% Y-o-Y increase, according to CBRE’s ‘India Market Monitor Q3 2023’ report.

08.11 / 05:59

Digital Strategy Healthcare President Veda exclusive Hearing care chain Hearzap raises funding from 360 One’s healthcare and lifesciences-focused PE fund

₹50 crore) in a funding round from 360 One Asset Management Ltd’s healthcare and lifesciences-focused private equity fund. Funds raised will be used for expanding operations countrywide over the next three years. Veda Corporate Advisors was the exclusive financial advisor to the company.

08.11 / 02:47

Waters economy show country cover social reports pension The Old Pension Scheme wildfire must be stopped before it’s too late

Alliance (NDA) government led by PM Atal Bihari Vajpayee. Did the NDA lose the national elections later that year due to the introduction of NPS? There are dishonest pundits who will claim that the NDA paid the price of reforming the pension system. My contention is that electoral outcomes are more swayed by emotional issues, so post facto attribution to single causes is always misleading, if not outright wrong.

07.11 / 17:55

Provident FIVE Assurant Experts FMC cover recommendations It’s a sham! How to spot the Ulips sold as mutual funds

insurance plans (Ulips). Take, for instance, the case of Tushar Jejani, 24, who works as a senior financial analyst at a multinational company in Hyderabad. He was approached by his bank’s relationship manager for an upcoming new fund offering (NFO).

06.11 / 19:21

Manufacturing Southern stage Mother Dairy plans to build ₹500 crore Nagpur dairy plant

₹500 crore to expand its presence beyond North India. The unit is part of its ₹700 crore capex outlay planned for three-four years approved by its board last year. The facility will produce both milk and valued-added dairy products, said Mother Dairy Fruit and Vegetable Pvt.

06.11 / 14:49

Strategy country social travelers US Ambassador Eric Garcetti joins Delhi consular team in processing visas amid high demand| Watch

Eric Garcetti on Saturday visited the visa counter located in Delhi and met with the applicants there who came to get their visa. In a video that was shared by the US Embassy in India, it can be seen the US Ambassador meeting the applicants and interacting with them. “The gang’s all here! Our consular team in New Delhi woke up early this weekend for a special “Super Saturday" dedicated to meeting the unprecedented demand for U.S.

06.11 / 11:57

FIVE Platform reports VC firm Lumikai cuts growth projection for India’s real-money gaming segment

Lumikai has slashed its growth projection for India’s real-money gaming (RMG) segment to 5% over next five years from 25% previously, blaming heavy tax liabilities and consolidation for the downgrade. The share of RMG in the Indian gaming market, which today is nearly 60%, could reduce to 32% by fiscal 2028, said the State of India Gaming FY23 report released by Lumikai.

06.11 / 03:01

Citi Reuters Action stage testing Time cricket NOT Will Delhi's 'severe plus' air quality cancel Bangladesh vs Sri Lanka match? Not the first time AQI is affecting cricket

World Cup encounter - the hazardous air of New Delhi. Asthmatic members of the Bangladesh team stayed indoors and Sri Lankan players resorted to masks, as per Reuters. There are speculations that the match may get cancelled due to poor air quality.

06.11 / 01:11

Ball WhatsApp Instagram social stars Bangladesh vs Sri Lanka, ICC World Cup 2023 match today: When, where and how to watch; live-streaming details

World Cup 2023. Bangladesh are in the 9th position with 2 points in the World Cup 2023 team table whereas Sri Lanka are in the 7th position of the table with 4 points. In their first match, Bangladesh defeated Afghanistan by 6 wickets (with 92 balls remaining) at HPCA Stadium, Dharamsala on October 7, 2023.

05.11 / 14:09

Provident Citizens Progressive Platform show information Goldman Sachs boosts Indian presence with record managing director promotions

Goldman Sachs has emphasized its commitment to global expansion by announcing its largest-ever batch of promotions to the Managing Director (MD) level in India. The banking giant announced 35 promotions, marking a significant increase in its investment in the region and India's escalating influence on global businesses. The new roles, slated to start on January 1, 2024, are spread across the firm's Mumbai, Bengaluru, and Hyderabad offices.

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