City Hyderabad Financial News

Foxconn to relocate its Apple AirPod manufacturing plant from Hyderabad to Bengaluru is fake. “An FIR has been lodged at the Cybercrime Police Station in this regard,” he said. The two-page letter addressed to Chairman of Hon Hai Precision Industry (Foxconn Technology Group) Young Lu, urged the company that the move would hold several mutual benefits.

Stepping up measures to provide relief to consumers from rising onion prices, the Centre on Saturday said Mother Dairy’s Safal outlets will also sell buffer onion at a subsidised rate of Rs 25 per kg from weekend in Delhi-NCR, while Hyderabad Agricultural Cooperatives Association is doing so in Telangana and other southern states.

Curated Living Solutions has acquired a student housing asset spread over 1.5 acre within the NSHM Knowledge Campus in West Bengal’s Durgapur. This student housing facility with around 1 lakh sq ft built-up structure has a total 766 beds. The deal marks Curated Living Solution’s first brownfield venture in the student housing vertical and has started operating from November 1. International property consultant JLL facilitated this transaction between Curated Living Solutions and NSHM Academy. Curated Living Solutions is looking to partner with colleges and universities across India to provide customised housing facilities to students.

₹3 crore were disbursed in each of the top 20 cities in FY22. In the first six months of this fiscal, more than 50 cities have already met that mark," said Ankit Mehra, co-founder and CEO of NBFC GyanDhan." The founder noted that the loan ticket may be marginally smaller because often the counsellors have access to smaller universities abroad.

Provident Housing Ltd (PHL), a wholly-owned subsidiary of Puravankara Ltd, is in talks with HDFC Capital Advisors to raise more than Rs 1,000 crore to finance its growth plans. The proposed fundraise will be in the form of equity and the money will be used to build mid-income homes in the southern markets of Bangalore, Chennai, and Hyderabad, and to enter new markets. “Both the partners are in active discussion, and the fundraise is likely to be concluded over the coming quarters, depending on the terms of the deals.

World Cup 2023 match at Ekana Cricket Stadium, Lucknow. The Afghanistan vs Netherlands Lucknow ODI is a day-night match and will start at 2 p.m. It would be the 7th match of both the teams in the ICC ODI World Cup 2023.

Q. I am a software engineer working at the second headquarters of a global MNC in Hyderabad, my wife is also a software engineer running a small app development start-up. We have been investing in the Indian stock market for the past 7 years. However, the market has been erratic for the past 1-2 years. We are now planning to diversify our mutual fund investment into foreign funds too. We are planning to invest in international index mutual funds tracking US indices launched by several Indian mutual fund houses. At present, we are confused between the S&P 500 and the Nasdaq 100. Can you please throw some light on the differences between the two indices and the pros and cons of investing in international mutual funds? 

Centre for Sustainable Development (CSD) will be hosting a Sustainable Leadership Summit in Bengaluru on Saturday, marking the 20th anniversary of the organisation. The summit will also adopt the ‘Bengaluru declaration on Acceleration of Sustainable development goals (SDG).’ Chairman of CSD A Ravindra said the Bengaluru declaration would chart a future course of action towards sustainable development for all stakeholders including government, industry, NGOs and the youth for sustainable development.

NiedlFree Technologies, a company affiliated with Transgene Biotek, has made significant progress in the field of diabetes treatment. They claim to have developed a painless and needle-free oral insulin spray called Ozulin, which can be used by both animals and humans. This breakthrough could potentially make controlling blood sugar levels as simple as spraying insulin into the mouth, a TOI report stated.

World Cup 2023 match at Wankhede Stadium, Mumbai. The India vs Sri Lanka Mumbai ODI is a day-night match starting at 2 p.m. It would be the 7th match of both the teams in the ICC ODI World Cup 2023.

Online Masters Programme, marking an expansion of IIIT Hyderabad's collaboration with TalentSprint, a globally renowned EdTech leader known for pioneering innovative and transformative learning experiences. As part of this collaboration, IIIT Hyderabad will now introduce the Online Masters programme in Computer Science with specialization in the AI/ML domain.

Crisil Ratings said in a note. Large enterprises are increasingly embracing cloud solutions, which is fuelling the surge in demand for data centres, the agency said, adding that rising usage and adoption of Over-The-Top (OTT) platforms is driving up retail data consumption. It said mobile data traffic alone has risen at an annual rate of 45 per cent over the last five years.

Larsen & Toubro (L&T) share price gained over a percent on Wednesday after the company reported healthy financial performance for the quarter ended September 2023. L&T shares rose as much as 1.85% to ₹2,983.05 apiece on the BSE.

New Zealand will take on South Africa on November 1 in the 32nd ODI World Cup 2023 match at MCA Stadium, Pune. New Zealand vs South Africa Pune ODI is a day-night match and will start at 2 p.m. It would be the 7th match of both the teams in the ICC ODI World Cup 2023.

₹11,000, or a 60% year-on-year rise. Demand declined by 5-10% in Bengaluru and Pune. For Delhi, Hyderabad and Chennai occupancy rates fall by 5%.

PTI. According to lead researcher Brittany Krzyzanowski from the institute, previous studies have shown fine particulate matter, or PM2.5 can cause inflammation in the brain, which is "a known mechanism by which Parkinson's disease could develop". Published in the journal Neurology, the US researchers have found that the relationship between air pollution and Parkinson's disease was not the same in every part of the United States, as it varies in strength by region.

₹11,000, showcasing a remarkable year-on-year growth of over 60%. Pune, Bengaluru, Hyderabad, Chennai and Delhi saw a decline in demand. The sharpest decline was seen in Pune and Bengaluru, between 5% and 10% in terms of occupancies, while the others were down by up to 5%.

Mindspace Business Parks REIT is planning to develop a mixed-use property spread over 8 lakh sq ft including commercial offices and a luxury hotel at its existing business park in Mumbai region’s Airoli east locality. Of the total development, 5.30 lakh sq ft will be earmarked for office development and 2.80 lakh sq ft will be set aside for an upscale hotel. On Monday, the REIT received an approval from its board to ink a long-term lease with group company Chalet Hotels for this property. “Our memorandum of understanding (MoU) with Chalet Hotels for the mixed-use development, enhances tenant offerings and fosters business synergies,” said Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers, manager to Mindspace REIT. In terms of development, the REIT is actively working on an under-construction pipeline of 2.9 million sq ft.

In the third quarter of 2023, India’s top Tier-1 cities witnessed a 7% surge in commercial real estate supply, amounting to a total of 14.61 million square feet, according to a PropEquity study. This can be attributed to the government’s proactive measures to stimulate growth in the IT sector through tax incentives and infrastructural improvements.

The luxury housing segment continues to maintain a seemingly unstoppable growth curve in 2023. According to Anarock Research data, overall sales have been increasing steeply across the top 7 cities in 2023 compared to the previous year.

K Chandrasekhara Rao-led party has fielded him as its candidate from Dubbak constituency. According to reports, Reddy was attacked with a knife while he was campaigning in Surampalli village of Doulatabad. The attacker was caught by BRS workers, who allegedly assaulted him before handing him over to the local police.