City Hyderabad Financial News

Swiggy has increased the platform fee that it levies on food delivery orders to Rs 3 from Rs 2. The Prosus-backed company had started charging a flat platform fee to its customers in April regardless of the order value. Its rival, Gurgaon-based Zomato, also started charging a Rs 2 platform fee, which it subsequently increased to Rs 3 in some locations.

Pillai, the alleged frontman of Bharat Rashtra Samithi leader Kavitha Kalvakuntla, has submitted that he is neither the frontman nor the representative of Kavitha of any liquor cartel allegedly involved in the Delhi liquor excise scandal. According to the Enforcement Directorate (ED), Pillai, a Hyderabad-based businessman and co-accused in the Delhi government's now scrapped excise policy case is Kalvakuntla's «benami» or frontman. In his bail plea filed earlier this month before the Delhi High Court, Pillai has submitted that the entire case made out against him by the ED is solely based on statements of witnesses and co-accused recorded under Section 50 of the Prevention of Money Laundering Act (PMLA). Statements recorded under the said section are admissible in a court of law. Advocate Nitesh Rana, appearing on behalf of Pillai, argued before the high court that the admissibility of such statements is to be examined at the stage of trial.

Click here! The Chandrayaan-3's lander successfully touched down near the south pole of the Moon on August 23, making it only the fourth country in the world to achieve the feat of reaching lunar surface after the US, China and the erstwhile Soviet Union. The ISRO chief further said, "Now we are telling you people (to) come and build rockets, satellites and make our nation more powerful in space technology. It is not only ISRO, everybody can do it in space.

Telangana Bharatiya Janata Party (BJP) president G Kishan Reddy, in a scathing attack against Chief Minister K Chandrasekar Rao (KCR), said that KCR «thinks only of his children» and «loots» money for them. The Union Minister further said that KCR believes in money but not the people of Telangana and added that he only thinks of his children. «Modi works for social justice but KCR works for justice for family. KCR, always in a farmhouse, thinks about how to make KTR the CM or his daughter a Union Minister.

₹11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. The Department of Investment and Public Asset Management (DIPAM) said, in response to the pre-bid queries from prospective asset valuers of IDBI Bank, that the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad.

Israel-Hamas conflict, AIMIM president Asaduddin Owaisi has urged Prime Minister Narendra Modi to show solidarity with the Palestinian people saying the Palestine issue is not just of Muslims alone, it is a humanitarian issue and it is a matter of all those who want justice. Addressing a gathering here on Saturday night, the Hyderabad MP citing media reports said the «zaalim» Israeli government has bombarded Gaza with 6,000 bombs in the last six days and due to which over 1,500 Palestinian people including children and women were killed and several thousands are injured. He alleged that whatever is happening in Gaza is «ethnic cleansing» and wanted the Indian government and the country to condemn «the war crimes» Israel is doing.

IDBI Bank that the lender has deferred tax assets of Rs 11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. In response to the pre-bid queries from prospective asset valuers of IDBI Bank, the Department of Investment and Public Asset Management (DIPAM) said the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad. “The intangible on the balance sheet of IDBI Bank primarily comprises deferred tax assets of around Rs 11,520 crore,” DIPAM said. Deferred tax asset commonly refers to overpayment of tax by an entity.

Rajnath Singh and other union ministers, including Piyush Goyal, Parshottam Rupala and Sadhvi Niranjan Jyoti, will address BJP campaign rallies in Telangana this week for the November 30 legislative assembly polls. Sadhvi Niranjan Jyoti will be meeting with fishermen at Musheerabad and Amberpet in Hyderabad on Sunday, BJP sources said.

National Aerospace Laboratories expects to finalise the production partner for its two-seater trainer aircraft HANSA-New Generation, in a month, a top NAL official said. A market study done by Bengaluru-based NAL has shown there is a potential demand for about 400-500 such aircraft in India in the next 5-10 years, Program Director of Civil Aircrafts at NAL, C M Anand, told PTI. The NAL-developed HANSA-NG features a state-of-the-art-glass cockpit, a Rotax-912iSc sport engine and a steerable nose wheel.

private jet flights-four times the usual traffic-will ferry some of India's wealthiest people to and from Ahmedabad, as per data from the city airport. Reason: the much-awaited India-Pakistan match of the ICC World Cup to be held at the Narendra Modi stadium, the world's largest cricket ground, on Saturday. The 48-match tournament runs till November 19. The Ahmedabad airport has run out of parking slots for private jets, said a person in the know. It's giving conditional approval to some of these jets and asking the rest to park at other airports such as Surat and Mumbai. «The last time we saw such massive demand for private jets was during Isha Ambani's wedding,» said Kanika Tekriwal, founder of JetSetGo, a charter operator and aggregator, referring to the opulent wedding of India's richest man Mukesh Ambani's daughter.

India's office space market is poised for significant growth between 2023 and 2025, with property developers saying the market has remained unaffected by the global economic slowdown. More than 165 million sq. ft.

Naukri’s JobSpeak index. The index grew at 6% month-on-month in September 2023 but fell by 8.6% from a year ago, which shows a dip in overall hiring since the highs of 2022. Within the sectors that hired the most, hospitality, travel grew by 22%, and BFSI and healthcare grew by 7% each, according to the data. Oil and gas, and auto were the other areas that saw growth. Drilling down into the growth sectors Hospitality and travel were in the positive territory as monsoon season, festive season and the upcoming winter season led to a spurt in travel this time of the year. Both solo travellers and families are travelling more.

Telangana assembly polls, which usually revolve around a contest between the ruling BRS party led by CM K Chandrashekhar Rao and the main contender Congress, might see a twist with the entry of the BJP. After a period of subdued enthusiasm following their defeat in neighboring Karnataka last May, the saffron party is now planning to field candidates for most of the 119 assembly seats in the state.

₹80 crore IPO fraud case. The ED arrested Nirmal Kotecha, Pavan Kuchana and Kishore Tapadia under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 on October 11.

Telangana is set to witness a triangular contest between the BJP, the ruling Bharat Rashtra Samithi, and the Congress in the upcoming assembly election. In the previous Assembly election held in 2018, BRS managed to win 88 seats out of 119 and had a dominant vote share of 47.4 per cent. Congress came in a distant second with 19 seats.

Battery-swapping solutions provider SUN Mobility on Thursday said it has partnered with electric vehicle fleet operator Bluwheelz to deploy over 16,000 EVs in the next 12 months. Under the partnership, the companies are looking to deploy over 15,000 electric two-wheelers and 1,000 electric three-wheelers in all metropolitan cities through the next 12 months, SUN Mobility said in a statement.

ICC World Cup 2023: Pakistan completed a historic run chase against Sri Lanka on Tuesday and Muhammad Rizwan was rightly credited with his 131* innings despite struggling with some difficult cramps. Despite scoring a massive 344 runs, Sri Lankan bowlers couldn't stop Pakistan from chasing the big target. But, even after his fiery innings, Muhammad Rizwan attracted some criticism on social media as he touched on a sensitive topic and dedicated the innings to his “brothers and sisters in Gaza." “This was for our brothers and sisters in Gaza.

Werks – Iron Mountain data centres joint venture has acquired a four-acre land in Ambattur, Chennai, to house two new data centers (CHE-1 and CHE-2) to meet growing customer demand in the region. The two data centers will be built to Tier III standards. They will support 36 megawatts of IT load, further enhancing the company’s rapidly growing pan-India footprint, which will support more than 90 megawatts of new development across the key markets of Pune, Bengaluru, Noida, Mumbai and Hyderabad. “As Chennai is one of India’s most important connectivity hubs, we are thrilled to be building capacity to meet hyperscale, network, content, public sector undertakings and enterprise customer demand,” said Mark Kidd, EVP & Global General Manager, Iron Mountain Data Centers & Asset Lifecycle Management. Chennai is emerging as one of India's fastest-growing data center markets due to its strong interconnection with Singapore and the rest of Asia.

National Investigation Agency (NIA) has increased to 18 branches across the country from nine in 2019, when Amit Shah took charge of the Union home ministry, while proposals for 10 more branches are pending with the ministry, said officials. The manpower for the NIA has also been enhanced, as the ministry recently approved creation of one post of additional director general and six new inspector generals of police for the agency, they said.

Prestige Estates Projects jumped nearly 19% intraday to hit a fresh 52-week high of Rs 796.40 on the NSE, in turn helping the Nifty Realty index scale its 15-year high level of 612.25. The price action was accompanied with strong volume as more than 69.32 lakh shares changed hands on the NSE around 12:50 pm, with the total traded value of the stock standing at Rs 520.11 crore. The gains were on the back of the real estate company registering the highest sales of Rs 11,007.3 crore in H1 FY24, up 69% year-on-year (YoY), while the quarterly sales jumped 102% YoY to Rs 7,092.6 crore during Q2FY24. The sales during this period is attributed to 6.84 mn square feet volume with an average realisation of Rs 10,369 per square feet, which rose 29% YoY for apartments/villas and average realisation of Rs 6,753 per square feet for plot, up 62% YoY. The group sold 3,659 units during Q2 FY24.

storm on social media. Allegations about her alleged anti-India and anti-Hindu tweets in the past are cited as the reason for the furore.