City Hyderabad Financial News

Ravinder. Telangana Congress President Revanth Reddy said harassment by higher officials led to the attempted suicide and death, while state BJP president G Kishan Reddy termed it a «murder» committed by the Chief Minister K Chandrasekhar Rao-led BRS government. Ravinder, who had gone to the Home Guard Commandant's office at Goshamahal here on Tuesday, set himself on fire. Police were informed by passersby and shifted him to a state-run hospital.

https://www.purvashare.com/queries/ - Log in to Basilic Fly Studio IPO allotment page - https://www.purvashare.com/queries/ - Choose IPO Name ‘Basilic Fly Studio‘ from the drop-down menu bar. - Pick one of all three options to check the status: Application No, Demat Account, or PAN. - Click on the 'Search' button.

Jawan’, the much anticipated action-thriller starring Shah Rukh Khan and Nayanthara hits the theatres today. The release of any SRK-starrer is no less than an elaborate, memorable event these days. From fans showing up at theatres at dawn to catch first day, first show, to King Khan’s cutout from the film’s posters being garlanded at South, here’s a wrap-up of some of the most exciting events, ‘Jawan’s release generated!

₹75 crore on its opening day across all language versions in India, and it's noteworthy that this release falls on a Thursday. In terms of early shows, the Hindi version exhibited an initial 46% occupancy, a figure that is projected to increase throughout the day. On the film's opening day, morning show occupancy stood at 43%, with the NCR region recording a 42% occupancy rate.

DGCA has reinstated approval for Air India's simulator facilities at Mumbai and Hyderabad. This will allow the airline to restart training of pilots which was stopped after the regulator has suspended approval following an audit which found the airline wasn't adhering to standards of the regulator. Air India operates two simulators. The Boeing pilots are trained in a facility in Mumbai while pilots operating the Airbus fleet are trained in Hyderabad. Simulators are used to familiarize pilots with the plane's operational procedures and to prepare them for all situations by creating real world scenarios in the cockpit. Sources said that the regulator had given a conditional approval to operate the simulators after the deficiencies were rectified.

Tabreed will invest $200 million to develop 1,25,000 refrigeration tons (RT) of cooling infrastructure for the Hyderabad Pharma City, the company said today. Tabreed (National Central Cooling Company) entered into a memorandum of understanding with the Telangana government on Tuesday to facilitate the establishment of the facility. The project is being taken up on a public-private partnership basis and seeks to provide sustainable long-term cooling services through the cooling-as-a-service model for process cooling and storage requirements of industrial units. “Through this MoU, we aim to showcase the benefits of district cooling to drive sustainable infrastructure development in the region and contribute to Telangana's vision of becoming a model for eco-friendly urbanization.”,” Sudheer Perla, Country Head, Tabreed India, said. The Government of Telangana also signed a Memorandum of Understanding with Tabreed to explore district cooling infrastructure in existing and upcoming commercial districts of Cyberabad and other mixed-use development areas which offer the potential to reduce over 200 MW of peak electricity demand resulting in CO2 reduction of 18 million tons over a 30-year period while mitigating heat island effect that will further bolster Hyderabad’s position as one of the best cities to live and work in Asia. K.T Rama Rao, Minister for Urban Development, Industries & Commerce and Information Technology for the State of Telangana said, “By prioritizing cooling as a key action area through cool roof policies and energy-efficient district cooling, we are shaping a greener and healthier environment for our communities by contributing significantly to our ambitious vision of making Telangana net-zero by 2047”.

₹66.35 crore from this initial offer. Data on NSE shows retail individual investors subscribed 84.5 crore shares of the company while qualified institutional buyers (QIBs) bought 13.53 crore shares of the company in the IPO out of which foreign institutional investors(FIIs) bought 4.99 crore shares of the company and domestic financial institutions bought 1.66 crore shares. The remaining shares (6.88) in the QIB segment were bought by 'others'.

Blackstone, Carlyle, PAG, CVC Capital, BPEA EQT, Brookfield Asset Management and Apax Partners, have evinced interest in acquiring Hyderabad-based pharmaceutical company Sai Life Sciences, said multiple people aware of the development. At present, private equity investors TPG Capital holds about 43.3% stake and Swiss-healthcare fund HBM Private Equity India holds 6% stake, while promoter Kanumuri family owns the rest of the stake in Sai Life. The promoter is looking for a valuation of $800 million (₹6,500 crore) for the company, said sources. However, the company is likely to be valued in the range of $500 million (₹4,000 crore), said a PE fund manager who is keen on the buyout.

₹1,000 crore and an Offer For Sale (OFS) of 90 lakh equity shares by existing shareholders. ALSO READ: Rishabh Instruments IPO: Latest GMP, how to check allotment status online The OFS consists of the sale of 42.36 lakh equity shares by Blue Chandra Pte Ltd, up to 24.78 lakh equity shares by Goldman Sachs Investments Holdings (Asia) Ltd, up to 15.47 lakh equity shares by GTI Capital Alpha Pvt Ltd, and up to 7.39 lakh equity shares by International Finance Corporation. It is a partial exit by the existing shareholders to meet the listing regulations.

Jawan is set to shake up the traditional cinematic timetable. For the first time in Bollywood history, shows will commence as early as 5 AM on the film's opening day. This has caught the attention of residents across various Indian cities who have been clamouring for similar early screenings.

Hyderabad rains: Heavy rains in Hyderabad caused severe waterlogging and traffic congestion in the city. The India Meteorological Department (IMD) has issued a yellow alert issued in the city today.

Shah Rukh Khan’s upcoming film Jawan has seen a robust momentum in its advance bookings so far. Over 7 lakh tickets of the action-thriller film excluding blocked seats have been sold as of Monday.

SME IPO of Basilic Fly Studio is receiving a stellar response from investors with the overall subscription at 110 times on the second day of the bidding process. The issue, which opened on September 1, comprises fresh equity of up to Rs 60.5 crore and an offer for sale (OFS) of 6 lakh shares. The company plans to raise about Rs 66 crore from the IPO, which closes tomorrow. According to NSE data, the issue has received bids for 56 crore shares worth Rs 5,507 crore on the second day against just 50.96 lakh shares on offer. Basilic Fly Studio is a visual effects (VFX) Chennai-based studio with subsidiaries operating in Canada and the UK, which specialises in creating visual experiences that captivate audiences around the world. It holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials. According to market sources, the company's shares are commanding a huge premium of Rs 270 in the unlisted market. The company is offering shares for a price band of Rs 92-97 apiece, and investors can bid for 1,200 shares in 1 lot. About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% is set aside for retail investors. For the year ended March 2023, the company has recorded revenues of Rs 78.95 crore and net profit of Rs 27.74 crore. The net proceeds from the public offer will be used to set up a studio in Hyderabad, adding infra to strengthen existing facilities and general corporate purposes. GVR Capital Advisors is acting as the lead manager for the issue, while Purva Sharegistry is the registrar. The final allotment will likely be made on September 8.

MPs) belonging to the newly established Indian National Developmental Inclusive Alliance (INDIA). Speaking on these developments, KC Venugopal stated, "Kharge ji also called a meeting of MPs of like-minded opposition parties," reported Hindustan Times. He further stated that the meeting would involve discussions on the agenda for the forthcoming session.

The President of the Congress party, Mallikarjun Kharge, has called for a crucial meeting of the newly constituted Congress Working Committee (CWC) on September 16 in Hyderabad, as announced by AICC General Secretary K C Venugopal on Monday. Following this, on September 17, an extended CWC meeting will convene, including all Pradesh Congress Committee chiefs.

Jawan has reached dizzying heights. Nationwide anticipation builds as the film is scheduled to premiere in just three days, triggering a pre-release craze unparalleled even by Khan's earlier blockbuster, "Pathaan." Advance bookings for Jawan have already reached an astonishing ₹16.93 crore, as per Sacnilk. Koimoi's recent estimates point to the film nearly touching the 18.5-crore mark set by Gadar 2 for opening-day advance bookings.

railway projects including 15 new railway lines in Telangana with a total outlay of Rs 83,543 crore, Union Tourism and Culture Minister G Kishan Reddy said on Sunday. Speaking to reporters, the Union Minister alleged that due to the «non-cooperation» of the ruling BRS government, works on laying over 700 km railway tracks have been stalled. «We (the Centre) have asked the state government to speed up the land acquisition for railway projects.

respiratory virus cases with symptoms similar to adenovirus, influenza, and Swine Flu. So far, it is being observed that the virus is only affecting either children or adults with comorbid conditions, according to a report published by Hindustan Times. However, health experts clarified that there is no cause for alarm due to its 100% recovery rate within a normal time period of five days.

digital currency available in their digital rupee [CBDC-R] wallet and scan to pay across any UPI QR code. Similarly, merchants need to only display their existing single QR code, which can accept payments in both CBDC and UPI.

Aditya L1 LIVE Updates Citizen who want to watch the joyous moment can visit the BM Birla Planetarium on Saturday. Other than the live telecast of the space launch, a science talk on the ‘Sun and Aditya-L1 mission’ will also be held, Director of BM Birla Science Centre and Planetarium K G Kumar said on Friday. Also read: ISRO chief shares update on India's upcoming missions, says ‘After Aditya L1, our next launch is…’ "An open house quiz on ‘Our Sun’ is also scheduled to be conducted at 12 pm tomorrow.