City Hyderabad Financial News

GST Intelligence, Hyderabad. As per the demand, notices were sent to Delta Corp and its subsidiaries as follows - Delta Corp: close to ₹11,140 crore; subsidiary Highstreet Cruises and Entertainment: near ₹3,290 crore; and subsidiary Delta Pleasure Cruise Company: about ₹1,766 crore.

GST demand notices issued to casino operator Delta Corp without prior permission from the court, the company said in a stock exchange filing on Tuesday. Delta Corp and its two subsidiaries High Street Cruises and Entertainment Pvt Ltd & Delta Pleasure Cruise Company Pvt Ltd have been informed of an alleged tax shortfall of Rs 16,195 crore by the Directorate General of GST Intelligence, Hyderabad.

Backed by strong residential sales and collections from customers, property developers are not utilising credit lines sanctioned by their lenders including banks, housing finance companies and non banking finance companies (NBFCs) for construction finance .

World Cup 2023 match at MA Chidambaram Stadium, Chennai. It would be the fifth match of both teams in the ICC ODI World Cup 2023. Pakistan are in the 5th spot with four points in the World Cup 2023 team table and Afghanistan is at the bottom of the table with two points.

GST demand order against Delta Corp, the casino and online gaming company said in a regulatory filing on Sunday. The government has raised a total GST demand of around Rs 23,000 crore against the company till date which includes recovery of the shortfall of taxes for casino and online gaming business of the Delta Corp group.

Gaza remains one of the world's top flashpoints. In a region characterised by political instability, fratricidal conflict, and geopolitical tensions, Gaza holds its own special niche, for its 4,000-years-old history predates the current Israel-Arab tensions of the 20th century. Its position as a key land bridge between Asia and Africa led to it becoming a constant battleground over the centuries and witnessing repeated cycles of destruction and revival. Across the centuries, the tread of Alexander the Great's Macedonian phalanxes and two centuries later, of the Roman legions, the pounding gallop of the Crusaders, the center of Mongols' mounted archers, Napoleon's Frenchmen, the British (bolstered by their Indian Army contingents including the Hyderabad and Mysore Lancers, as well as the Australian Light Horse) echoed in the region. Yet Gaza was not always an epicentre of battles and conflict — and spent long periods of prosperity and renown as a trading hub and seat of culture and learning. The first records of human habitation in Gaza dates to the Bronze Age in 3300-3000 BC when the Ancient Egypt built a fortress at a site south of present day Gaza City amid trade with what is now Israel. There were several spells of existence, destruction, and revival in the epoch and human settlements finally ceased to exist at the end of Bronze Age (c.

Gland Pharma's former promoter has acquired GBJ Hotels, which operates the five-star property Hotel Radisson Blu in Coimbatore, said people with knowledge of the transaction. KP Advisory Services, the family office of the promoter Ravi Penmetsa, acquired the five-star property last week in Coimbatore under the corporate insolvency process, the people cited above said. Lenders unanimously voted for KP Advisory Services' Rs 185-crore plan. The resolution professional (RP) had admitted Rs 196 crore in claims, including trade creditors and banks.

Hyderabad bench of National Company Law Tribunal (NCLT) has initiated insolvency proceedings against GVK Gautami Power Ltd, according to a regulatory filing. In the filing, GVK Power & lnfrastructure Ltd (GVKPIL) said GVK Gautami Power Ltd is its step-down subsidiary.

‘Cash for Query’ case: Mahua Moitra responds to Darshan Hiranandani's affidavit. Full text Dubey wrote a letter to Lok Sabha Speaker Om Birla and urger for TMC MP's "immediate suspension' from the House alleging that "bribes were exchanged between her and businessman Darshan Hiranandani to ask questions in Parliament in exchange for cash and gifts". The businessman has acknowledged claims that he used the TMC MP's login credentials to pose questions on the Adani group himself.

Co-living operator Settl., which is managing 3,500 beds across Bengaluru, Gurugram and Hyderabad, plans to enter the Chennai market where it will soon launch 300 beds catering to working professionals.

In the pulsating heart of India’s real estate market, a distinctive trend is reshaping the landscape – the surge in demand for sustainable luxury properties. This surge is not merely a market fluctuation; it’s a response to the conscientious desires of homebuyers, both domestic and international. In the wake of rising disposable incomes, an inclination towards opulent living, and the rapid urbanization of Indian cities, the Indian luxury real estate market is experiencing an unprecedented boom.

police check on the National Highway at Gadwal led to the interception of a truck carrying an astonishing Rs 750 crore in cash. As per a TOI report, the incident took place on Tuesday night when the truck was stopped by police on election duty.

Telugu Desam Party (TDP) Chief N Chandrababu Naidu's remand in the alleged multi-crore skill development scam case till November 1. Chandrababu Naidu was presented virtually before the court from the Rajahmundry Central Prison. The former Andhra Pradesh chief minister and TDP chief was arrested by the Criminal Investigation Department (CID) on September 9 in connection with the multi-crore skill development scam case, leading to apolitical turmoil in the state with several TDP leaders alleging that the arrest was nothing but a political «witch-hunt» and that Naidu was held on the basis of false allegations. Earlier on Tuesday, the Supreme Court reserved its judgment on a plea filed by Chandrababu Naidu seeking to quash the FIR registered against him in the skill development scam case. Naidu had approached the top court seeking quashing of FIR and cited Section 17A of the Prevention of Corruption Act, 1988, to challenge his arrest by the Andhra Pradesh police's CID in skill development scam. He had challenged the High Court judgment rejecting his plea for the quashing of FIR.

Brigade Enterprises has concluded the acquisition of a 9.72-acre land parcel in Hyderabad, with the transaction valued at about '660 crore. The acquisition came in the backdrop of an agreement made in August, when the company agreed to purchase the land in Neopolis area at a rate of '68 crore per acre through an e-auction conducted by the Hyderabad Metropolitan Development Authority.

Porsche Cayman 718 sports car after it went missing from a hotel's parking lot. The owner of the sportscar informed the security guards after he found that car missing from the parking lot, who reviewed the CCTV footage captured at the scene.

₹3,378 crore which too has increased by 42% YoY indicating a movement towards the sale of more expensive homes. The Hyderabad residential market includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy. “The Hyderabad housing market is currently undergoing a notable upswing, primarily driven by a surge in demand within the city.

Tech giant Google Inc has picked up office space spread over an entire floor in Blackstone Group-owned Nucleus Office Parks' commercial tower Fintech One at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar to set up its global fintech centre. The company's Indian arm, Google India, has picked up office space from Nucleus Office Parks through a long-term lease of 10 years, including an initial term of five years and an option to extend it for five additional years. In a virtual interaction on Monday, Prime Minister Narendra Modi welcomed Google's plans to open its global fintech operations centre at GIFT City. Sundar Pichai, CEO of Google and Alphabet, apprised Modi of Google's plans to work on strengthening financial inclusion in India by leveraging UPI. Pichai, through a social media post, thanked the Prime Minister Modi for a «terrific» meeting to discuss Google's ongoing commitment to India. ET's separate email queries to Google, Blackstone and Nucleus Office Parks remained unanswered until the time of going to press. Fintech One is a 20-storey commercial office tower with a typical floor plate spanning over 22,000 sq ft.

₹58 crore in its Series B funding round led by EDFI ElectriFI (Electrification Financing Initiative), an EU-funded impact investment facility managed by EDFI Management Company. EDFI ElectriFI invested close to ₹24 crore in Freyr Energy. The rest was from Schneider Electric Energy Asia Fund (SEEAA), Lotus Capital LLC, Maybright Ventures and VT Capital, the company said in a statement.

₹3 per order, which marks a 50 percent jump as compared to the existing platform fee of ₹2, a report in The Economic Times stated on October 16. The revised platform fee has been implemented from October 4 onwards, the newspaper said, adding that initially the increased rate was applicable for food orders in Hyderabad and Bengaluru, but was later expanded to all areas of operation across the country. The Bengaluru-based food delivery aggregator has been applying the platform fee on food orders from April this year.

Movin, a joint venture between UPS and InterGlobe Enterprises, on Monday, started operations by introducing the second fleet of Electric Vehicles (EV) for its first and last-mile deliveries in Bengaluru, said the brand through its press release. The first fleet was rolled out in Delhi NCR earlier this year. EVs will soon be deployed in Mumbai, Chennai, Hyderabad, Kolkata, and Pune by the end of 2023 as part of its plan to reduce carbon emissions and to align with its long-term sustainability goals, said the company in its statement.

TCS: A nearly six-month-long probe into the bribes-for-jobs scandal at Tata Consultancy Services Ltd has resulted in crucial suggestions for hiring reforms, along with the sacking of the former head of its resource management group. On Sunday night, TCS disclosed to the exchanges that it had sacked 16 employees and blacklisted six staffing firms. E.S.