City Hyderabad Financial News

Sindhu Gangadharan, senior vice president and managing director of SAP Labs India has been appointed as vice chairperson of IT industry lobby group National Association of Software and Service Companies (nasscom). The announcement comes a week after Cognizant India's chairman and managing director Rajesh Nambiar, chairman and managing director was named as its chairperson. He was succeeding Anant Maheshwari, former president, Microsoft India, in the role. This means Gangadharan will assume the top chairperson role in the next cycle.

Hyderabad, a heated altercation over an extra serving of 'raita' at a popular biryani eatery took a grim turn, resulting in the untimely demise of a 32-year-old businessman on Sunday. This unfortunate scuffle also stirred mild tension in the vicinity. The victim, identified as Mohammed Liyaqat, hailing from Chandrayangutta and engaged in the pre-owned vehicles business, collapsed within the premises of Panjagutta police station.

₹5 lakh. The announcement came as a surprise during the launch event of the 'One Week One Lab' program by CSIR-National Institute of Science Communication and Policy Research (CSIR-NIScPR).

upcoming Cricket World Cup 2023 has been building up for some time. Fans across India are hoping that ‘conservative’ India can lift the trophy after 12 years on home soil. India triumphed over Sri Lanka in the 2011 Cricket World Cup.

Amara Raja Batteries Ltd, India’s second-largest lead-acid battery manufacturer. The battery industry is in the throes of change with the emergence of lithium-ion batteries, which are enjoying a boom in demand thanks to the rapid adoption of electric vehicles. If Amara Raja does not invest in the new technology, it will be finished.

Further, the Board has also approved to reduce the number of shares to be bought back from investors to 3.12 crore, which represents 2.22% of equity. The company had earlier proposed to buy back about 3.33 crore shares. L7T has fixed September 12 as the record date for its Rs 10,000 crore buyback, which will be done through the tender route. The record date will determine the number of shareholders who will be eligible to participate in the buyback.

LuLu Group International Yusuff Ali on Monday said his group is going to set up two large shopping malls in India — Ahmedabad and Chennai. Speaking to ANI, Ali said, «We are going to construct one of the largest shopping malls in Ahmedabad and Chennai and we are opening our shopping mall in Hyderabad end of this month. Also we are going to different states for shopping malls and food processing.» Hyderabad will be the sixth city after Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore where the group has its shopping mall presence. Lulu Group, headquartered in Abu Dhabi, UAE, has been known as a trendsetter in the retail industry in the Middle East and North Africa region.

New Delhi: Air India on Monday said that it has deployed specially trained service assurance officers at 16 major Indian airports to offer on-ground assistance, aimed at elevating airport experience by providing personalised and hassle-free on-ground services to Air India to its passengers. “Flying is a wonderful experience, and we want our guests to enjoy it in the most seamless ways possible.

SAMHI Hotels will open on Thursday, September 14, for subscription and closes on Monday, September 18. The public issue of face value of Rs 1 per equity share comprises a fresh issuance of equity shares worth Rs 1200 crore and an Offer for Sale (OFS) of up to 13.50 million equity shares. SAMHI Hotels has fixed the price band at Rs 119 to Rs 126 per equity share for its maiden public offer. Investors can bid for a minimum of 119 equity shares and in multiples of 119 equity shares thereafter. Ahead of the IPO, Madhuri Madhsudan Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings have picked up stake in Gurugram-based SAMHI for a total consideration of Rs 130 crore from Blue Chandra Pte Ltd. As per disclosures made by SAMHI last week, selling shareholder, Blue Chandra Pte.

Despite rising property prices and interest rate hikes in the last one year and more, demand for mid-range and premium homes remains high. The ANAROCK Consumer Sentiment Survey (H1 2023) indicates that at least 59% of the 5218 survey participants will buy mid-range and premium homes (priced from Rs 45 lakh to Rs 1.5 crore). This is a 10% sentiment increase for homes in this budget category over the survey’s H1 2020 edition.

JLL India. Real estate consultant JLL India on Monday released its report 'India Retail: Evolving to a new dawn' that highlighted the operational retail real estate space in shopping malls stood at 89 million square feet. The operational retail stock as of H1 2023 in the top seven cities (Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) stands at 89 million square feet as of June-end this year. Out of the total retail stocks in malls, Delhi NCR has the maximum 28 million square feet, followed by Mumbai with 17 million square feet and Bengaluru 14 million square feet. «The physical retail space segment has an expected supply pipeline of over 38 million sq ft of retail developments between H2 2023 and 2027, across the top seven cities,» JLL said.

Awfis Space solution has added 11 new properties totaling 8,000 seats across major markets in South India as it looks to strengthen its foothold in the growing flexible and managed office space in the country. The firm has signed prime properties across Bengaluru, Hyderabad, Chennai, and Kochi with the region contributing around around 45% of the company's portfolio. Amit Ramani, CEO and Founder, Awfis, said, «The region presents numerous opportunities through its expanding real estate landscape. This expansion aligns with our strategic approach to target emerging business hubs, offering an enhanced workspace experience through our diverse range of products and services.

Researchers from the Centre for DNA Fingerprinting and Diagnostics (CDFD) based Hyderabad were part of this extensive study conducted on Hanuman langurs in various pilgrim centers. The findings of this study were published on September 9 in the online preprint portal bioRxiv.

real estate assets through the Real Estate Investment Trusts (REITs) has infused higher transparency in transaction and management structures of these assets and realtors are now aiming to develop investment grade assets with single ownership structure. The developers have started appreciating that retail is a specialized asset class that constantly requires upgradation of tenant mix and the property with focus on parameters such as zoning and mall management to ensure monetization of the asset. Indian retail-led real estate is expected to witness a supply of over 38 million sq ft between the second half of 2023 and 2027. Of the existing retail real estate stock across the top seven cities of India, around 44 million sq ft of retail assets offer a potential to be listed as a REIT and of these, more than half are in Mumbai and NCR-Delhi region, showed data from JLL India. “India’s retail sector is on an elevated growth curve where the focus is on creating an innovative built environment, greater connections with the consumers, and curating physical storefronts in untapped regions of the country including tier II and III cities,” said Rahul Arora, Head of Office Leasing Advisory and Retail Services, India, JLL. Following the success of three office properties-led REITs, India’s public markets saw the launch of the first retail assets-led REIT, Nexus Select Trust, earlier this year.

Narendra Modi, and other ministers during the event. “I am very glad to be here in India. I want to congratulate India for the G20 Summit...A lot of announcements have been made that will benefit G20 countries and the world.

Mohammed bin Salman Al Saud is expected to meet Prime Minister Narendra Modi at Hyderabad House today. Ahead of the meeting, the Crown Prince will also be accorded a ceremonial welcome at Rashtrapati Bhawan at 10 am.

Ayodhya's much-anticipated Maryada Purushottam Shriram International Airport is gearing up to establish direct air connectivity with the national capital, Delhi, and three other major cities across India. As per a TOI repor, Airport director Vinod Kumar said that the initial phase of operations at the Ayodhya airport is set to commence this November, with direct flights connecting the sacred city to Delhi, Mumbai, Bengaluru, and Hyderabad. Ayodhya district magistrate Nitish Kumar shared insights into the airport's construction, revealing that it is being executed in three meticulously planned phases. The project has successfully acquired an expansive 821 acres of land to facilitate this ambitious endeavor. In the first phase of development, the construction of the runway has been completed, boasting the capacity to accommodate aircraft operations seamlessly under diverse weather conditions, day and night.

Telugu community, Sandhya Reddy, hailing from Telangana with roots in Hyderabad, has secured the position of deputy mayor in Strathfield Council, Sydney, Australia. This significant election took place during the Strathfield council meeting held on September 5, where Karen Pensabane was elected as mayor, and Sandhya, affectionately known as Sandy, assumed the role of deputy mayor. NRI coordinator Mahesh Bigala expressed immense pride in Sandhya's achievement, highlighting that it's the first time an Indian-Australian has been elected as deputy mayor.

Welcome to the Reader’s Query segment of FE Money. This week, Dr C T Sridhar from Hyderabad shared with us that he has received Rs 36 lakh on selling his flat recently and he is planning to subscribe to REC Bonds to save on capital gains tax.

Jawan has set the record for the highest opening day of all time for an original Hindi movie, clocking ₹65 crore on Thursday. The Atlee-directed film has beaten the record set by Khan’s own Pathaan which had mopped up ₹55 crore when released this January.

viral fever across the country, doctors are advising people to wear mask again. Experts point out that the rapid spread of influenza-like illnesses (ILI) necessitates masking as the primary preventive measure. Typically prevalent during this season, ILIs are attributed to respiratory viruses. In recent weeks, the number of cases featuring symptoms such as fever, cough, cold, and malaise (all falling under the ILI category) has approximately doubled in most private hospitals. Government healthcare facilities are also witnessing a substantial daily influx of 200 to 300 patients exhibiting these symptoms. Notably, at the state-run fever hospital in Hyderabad, the daily caseload has surged to over 600 patients, marking a 200-patient increase compared to last month's figures.