City Hyderabad Financial News

Spacetech company Skyroot Aerospace on Monday said it has raised $27.5 million in a pre-Series C funding round led by Temasek, a global investment company owned by the government of Singapore. The startup plans to utilise the newly acquired capital to build its infrastructure and technology, attract talent and enhance its launch frequency and capabilities.

India's Skyroot Aerospace said on Monday it has raised $27.5 million in a fresh round of funding led by Singapore's Temasek, upping the ante in the country's burgeoning space industry days after rival Agnikul Cosmos raised a similar amount. The Hyderabad-based company, which launched India's first private rocket in 2022, is set to launch its second commercial rocket, the Vikram-I, next year. The launch vehicle can take payloads of upto 300 kilograms into low earth orbit.

World Cup 2023 match at Maharashtra Cricket Association Stadium, Pune. Afghanistan vs Sri Lanka Pune ODI is a day-night match and will start at 2 PM. It would be the sixth match of both teams in the ICC ODI World Cup 2023.

New Delhi: Amplus founder Sanjeev Aggarwal and I Squared Capital have come together again to set up a climate solutions platform—Hexa Climate Solutions—which will focus on renewable energy, water and carbon oxides; wherein the New York-based private equity fund will invest around $500 million, said two people aware of the development. New York-based I Squared Capital is no stranger to India’s green economy and invested $150 million in Amplus Energy Solutions Pvt. Ltd in April 2015.

Azharuddin has entered the electoral fray in Telangana as the Congress candidate from Jubilee Hills, saying he will bat aggressively and field properly to win on this new pitch. A swashbuckling batsman from Hyderabad, Azhar made a mark in the cricketing arena with his inimitable swagger and stylish stroke play. Like the explosive start he had to his cricketing career with three back-to-back centuries, he also began his political innings with a win from Uttar Pradesh's Moradabad Lok Sabha seat in 2009. He lost from Rajasthan's Tonk-Sawai Madhopur in 2014 and after waiting in the wings patiently he is now entering the state electoral contest for the first time by seeking to wrest the Jubilee Hills constituency in the Secunderabad Lok Sabha segment from the Bharat Rashtra Samithi (BRS). In an interview with PTI, the former India cricket captain said he was yearning to contest from his home state and do something for the people of Telangana after being an MP from UP and then unsuccessfully contesting the 2014 Lok Sabha polls from Tonk-Sawai Madhopur. «I was very happy to get the ticket this time from my own state. I must thank my high command — Mallikarjun Kharge ji, Sonia Gandhi ji.

₹1.5 crore) were sold between January and September in seven metropolitan cities in the country in 2023, against 39,300 (Approx) units sold in the same period in 2022. Also read: Mumbai’s real estate registrations surge during festive season According to the data, out of the approximately 3.49 lakh units sold in eight cities (Delhi-NCR, Mumbai region, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata) in the first nine months of 2023, about 24% or roughly 84,400 units were luxury homes priced above ₹1.5 crore. Among the eight Indian cities, luxury housing sales rose by 260% in Hyderabad between January-September in FY 2024.

Icomm has showcased a range of super-efficient and high-precision weapons at the Milipol India 2023, the Indo-Pacific's premier international event for homeland security held at Delhi. A press release from Icomm, an MRIL group company, said the weapons displayed are set to be made locally by Icomm-Caracal in Hyderabad, giving a substantial push to Prime Minister Narendra Modi's 'Make in India' call.

celestial phenomenon is on the horizon as we approach the final lunar eclipse of 2023. This weekend, set your sights on the night sky as a partial lunar eclipse, known as Chandra Grahan, is poised to captivate India.

The firm performed a ground-breaking ceremony for its outsourced semiconductor assembly and testing (OSAT) facility near Hyderabad on Tuesday.

The Hyderabad-based drug maker reported a net profit of Rs 1113 crore in the corresponding quarter of the previous year. Revenues rose 9% YoY to Rs 6880 crore in Q2FY24. The earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13% YoY to Rs 2181 crore. EBITDA margin improved 110 basis points YoY to 31.7%. The company said the EBITDA growth was enabled by geographic diversification and productivity improvement in operations. The North America business, which is primarily US that constitutes 46% of the company's business, grew 13% YoY to Rs 3170 crore.

ManipalCigna Health Insurance, a rapidly expanding independent health insurance company in India, is proactively enhancing its footprint in Hyderabad and nationwide. It aims to cater to various healthcare financing needs and introduce its innovative health insurance solutions to new customer segments.

Rapido is now expanding into the cab market. The company has been piloting cabs in Hyderabad for a few months now, and is at an “advanced test stage”, a spokesperson for Rapido told ETtech. “We’ve gotten a fantastic response so far and it has given us confidence about the model working out,” the spokesperson claimed, declining to comment on the expansion of cab services to other cities or the timeline.

Co-working startup Innov8 has announced that it will double its footprint in the ongoing financial year FY 2023-2024. The company added 5 new centres in key business cities in India in early 2023 and is all set to inaugurate 5 more centres in the current quarter.

Armenia's IT industry has been experiencing tremendous growth and development and local startups including firms dealing with Artificial Intelligence are seeking active partnerships with Indian counterparts and open chapters in South Asia’s biggest market. Armenia has emerged as an attractive destination for technology companies and startups, thanks to its favorable business environment, skilled workforce and supportive government initiatives, local industry experts told ET. Armenia is home to some of the most industry disrupting startups in the medical crypto, AI, and design fields. With a large pool of tech talent and a history of noteworthy astrophysicists and chess grandmasters, it is no surprise that there are so many successful innovative tech startups.

World Cup 2023 match at M. A. Chidambaram Stadium, Chennai.

Telangana, a recent debate on live TV turned violent when Bharat Rashtra Samiti (BRS) MLA KP Vivekananda had a war of words and then went on to physically assault BJP candidate Kuna Srisailam Goud. The incident has sparked widespread outrage and condemnation from other political leaders.

World Cup 2023 match at M. Chinnaswamy Stadium, Bengaluru. England vs Sri Lanka Bengaluru ODI is a day-night match and will start at 2 pm.

Wonderla Holidays shares surged by 10% in today's trading session, reaching a historic high of ₹887 per share. This significant increase came after the company received all the necessary approvals, clearances, and no-objection certificates (NOCs) from the Government of Tamil Nadu for its Chennai project. With these key permissions now in hand, Wonderla is set to commence construction on this project.

₹50,000 crore in evaded Goods and Services Tax (GST) in FY24, Business Standard reported. This amount is over double that of what was recovered in FY23 and is likely to potentially be the highest annual tax collection, it added. In FY24, GST officials have so far identified evasions amounting to ₹1.36 lakh crore; and have already recovered ₹14,108 crore of this.

Delta Corp surged over 8 percent on Wednesday after the Bombay High Court restrained tax authorities from passing any final order on the ₹16,195-crore GST notice issued to the Casino operator. The order was passed by the Goa Bench of Bombay High Court. The stock surged as much as 8.2 percent to its day's high of ₹140.70.

Exponent Energy is set to shortly close its first funding round in more than a year by raising $25 million at a valuation of $100-120 million, multiple people briefed on the development said. The round will be led by Fidelity-backed global investor Eight Roads, which has invested in Indian startups such as Pharmeasy, Whatfix, Shadowfax and Icertis. Exponent Energy’s existing investors including Lightspeed India and AdvantEdge VC will also take part in the round, the people cited above said.