City Hyderabad Financial News

Visiting Tanzanian President Samia Suluhu Hassan who was on Tuesday conferred with an Honorary Doctorate by the Jawaharlal Nehru University said that the honour will be forever etched in her memory as it is the first award to her in a foreign country. Speaking at JNU's Special Convocation ceremony conferring the Honorary Doctorate to her, President Hassan expressed her gratitude for the honour, which she termed added «colour» to her life history. «Namaste everybody,» the Tanzanian President said at the beginning of her speech. «The world says, there is no midway in falling in love with India, be it an Indian song, an Indian movie, or Indian cuisine, it is very difficult to resist an Indian charm. I experienced it when I came to India for the first time in 1998 to study in Hyderabad.

Web Werks and Iron Mountain Data Centers will invest Rs 1,800 crore to set up two data centres in Chennai. The JV has acquired a four-acre parcel of land in Ambattur, Chennai, to house these data centers (CHE-1 and CHE-2). «Joint Venture of Web Werks — Iron Mountain Data Centers will invest more than Rs 1,800 crore to develop two data centres in Chennai. The investment will be made in a phased manner and be fully operational by the mid of 2025,» Web Werks Data Centers founder and CEO Nikhil Rathi said in a statement on Monday.

Dr. Santosh G. Honavar, the Honorary Secretary of the All India Ophthalmological Society (AIOS), Director of Ophthalmic Plastic Surgery and Ocular Oncology at the Centre for Sight Eye Hospital, Hyderabad, former Associate Director of LV Prasad Eye Institute, Hyderabad, and the past Editor of the Indian Journal of Ophthalmology, has claimed the top spot among researchers in Ophthalmology in India for the third consecutive year.

Hyderabad: New Zealand posted a challenging 322 for 7 against Netherlands in their World Cup match here on Monday. Sent in to bat, New Zealand's batting fired in unison with Will Young (70), Rachin Ravindra (51) and Tom Latham (53) posting half-centuries.

Unsold housing stocks in Tier 1 cities in India dropped to 5,08,464 units in Q3 2023 from 5,26,497 units in Q3 2022, representing an 11% decrease.

The Congress Working Committee (CWC), the top decision-making body of the Congress party, convened a meeting on Monday in Delhi, coinciding with the announcement of the 2023 Assembly elections scheduled by the Election Commission of India on the same day.

The unwavering demand for luxury housing since the pandemic has kicked off a spate of new launches in this category. Latest ANAROCK data shows that out of 1,16,220 units launched in Q3 2023 in the top 7 cities across various budget categories, approx. 27% (approx. 31,180 units) were in the luxury category. This is the highest quarterly luxury supply entering the market in the last five years.

Sun Pharmaceutical Industries and Aurobindo Pharma are recalling products from the US market due to manufacturing issues, according to the US Food & Drug Administration. As per the latest Enforcement Report issued by the American health regulator, a US-based subsidiary of Mumbai-based Sun Pharma is recalling 69,707 cartons of Cequa (cyclosporine ophthalmic solution) from the US market. The medication is used for the treatment of dry eyes.

BCCI to release 14,000 tickets for the contest to be played on October 14 in Ahmedabad. India and Pakistan will clash at the world's largest cricket stadium in Ahmedabad for which the demand for tickets has been at its highest.

Ahmedabad, where New Zealand emerged victorious, defeating the reigning champions, England, by nine wickets. However, the event was marred by an unexpected problem – the condition of the spectator seats. The colossal Narendra Modi Stadium, with a capacity of 1.33 lakh, is set to host the tournament's final match.

₹300-1,000 on every ticket beginning 6 October. SpiceJet is also planning a fuel surcharge, an airline executive said. “Fares were already trending higher for the festive months of October and November due to high travel demand.

Catch live updates of Asian Games 2023 Day 13 Among pick of the Afghan bowlers was left-arm pacer Fareed Khan, who took 3 wickets while conceding only 15 runs. Zahir Khan took 2 for 20, and skipper Naib went for 29 runs while picking 1 wicket.

urbanisation, infrastructure development and housing affordability is expected to push growth of real estate development across key tier II cities including Bhubaneswar, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Nagpur, Surat, Thiruvananthapuram, and Visakhapatnam. A joint study conducted by Cushman & Wakefield and the Confederation of Real Estate Developers' Associations of India (CREDAI), has identified 17 cities across India based on healthy traction in overall real estate development, organised retail penetration, and mature residential market development. Of these cities, the cities mentioned above have been identified as the 10 emerging cities that hold the highest potential for growth in the foreseeable future. The cities have been selected based on indicators pertaining to population, infrastructure, talent pool, income, and ease of living, among several factors. While Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad continue to be the key 8 real estate markets, the study anticipates that these 10 tier-II are soon going to add more power to the India-growth-story. “As India continues its remarkable journey of economic growth and witnesses a higher rate of urbanization, we anticipate newer cities to fuel the future growth of the commercial real estate market.

Global Capability Centres (GCC) of multinational companies are driving demand in Pune’s office space segment. Pune has recorded the highest GCC-focused area transacted volume in the country. Hyderabad was in the second spot in GCC leasing. GCCs accounted for 2.4 million sq ft in Pune and 2.2 million sq ft in Hyderabad.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The pitch at Rajiv Gandhi International Cricket Stadium will be beneficial to batters while giving enough support to seam bowlers. This venue, like the majority of other venues, uses red soil, black soil and a combination of both. Black soil pitches are recognised for having greater bounce, which makes scoring runs easier.

The News Minute, IIT-Hyderabad received an email containing a survey for hostel residents. The survey aimed to gauge whether students were interested in registering for a dining hall exclusively serving vegetarian food. The email included a link to a form and indicated that the survey was initiated at the request of the IIT-H Director and some students.

IIT Bombay authorities imposed a ₹10,000 penalty on a student who ate non-veg in a 'veg-only' section of the common mess. The student was fined for 'unruly behaviour' and 'flouting' mess norms. Sure, IIT club rules apply, but it does show IITs in a very unSilicon Valley light, making non-IIT dunderheads like ourselves wonder what will happen when some of these bright sparks go to study or work abroad and be told to shift to another table for being, say, non-vegans.

KT Rama Rao on Thursday opened a new state-of-the-art office of the US-based financial services giant Goldman Sachs in Hyderabad. The office will be a centre of excellence for the firm's client onboarding efforts and will house platform engineering and global Enterprise Partnerships, the minister said in a post on social media site X. «I'm pleased to inaugurate Goldman Sachs' new long-term office in Hyderabad following their initial establishment here in 2021.

Larsen & Toubro (L&T) share price rose 3% to hit a fresh 52-week high Thursday after the construction major said its buildings & factories business bagged orders in the large category which are in the range of ₹2,500-5,000 crore. L&T shares gained as much as 2.90% to ₹a high of ₹3,114.00 apiece on the BSE. The business has secured an order to construct a residential township in Bengaluru involving the construction of 3,627 apartments spread across 19 Towers.

residential township in Bengaluru, L&T said in a BSE filing. The business has also bagged orders from a renowned developer for constructing commercial towers in Hyderabad.

Sobha jumped 4% to the day's high of 688 on the NSE in Thursday's trade after the real estate company said that it recorded its highest-ever sales of Rs 1,724 crore for the quarter ended September 30, 2023. The sales surged 48% year-on-year (YoY), the company said in its filing to the exchanges.