City Hyderabad Financial News

31.07 / 10:41

COST UPS Citi Cooper Mobile show ONDC's tomato initiative continues, witnessing steady increase in daily orders, city reach

ONDC, in line with the Centre's direction, will extend its initiative of selling tomatoes at ₹70 per kilogram for at least one more week, with zero delivery fees. Within six days of offering this discounted price, ONDC has facilitated the purchase of 10,000 kilograms of tomatoes in Delhi, according to a Moneycontrol report. Furthermore, the network has achieved significant milestones, with over 1.1 million retail orders and 5.4 million mobility transactions since its inception last year.

31.07 / 10:05

COST Provident Booking Airlines compensation Consumer forum in Hyderabad orders GoAir to pay a compensation for a flight cancellation

GoAir must pay a compensation of Rs 10,000 and reimburse additional flight charges amounting to Rs 13,956 to a flyer for the abrupt cancellation of a flight to the Maldives a week before the scheduled trip. As per a ToI report, the commission supported the complainant's argument, stating that the cancellation caused mental agony and inconvenience, despite booking the tickets well in advance for a hassle-free family holiday. The complainant, DV Manohar (69), a resident of Whisper Valley, had booked round-trip tickets for Rs 77,408 through GoAir for a holiday trip to the Maldives.

31.07 / 07:55

ICAI CA Foundation Result 2023: June exam results soon on icai.org. Here's how to check and other details

icai.org. Currently, there is no official confirmation from the institute, however, some media reports state that the date and time of CA foundation results will likely be declared today. The ICAI June session exams were held on 24, 26, 28 and 30 June 2023 in 290 centres across India.

31.07 / 06:55

Provident Target Telegram Shell country exclusive Chinese scammers are using innovative ways to dupe you, reveals Hyderabad Police probe

Hyderabad police, in their recent bust of a massive Rs 712 crore investment scam, have revealed that the masterminds behind it are a group of Chinese experts dedicated to creating innovative scams to deceive unsuspecting victims. According to cyber crime sleuths investigating the case, this exclusive team's primary role is to develop attractive advertisements, text messages for SMS, Telegram, and WhatsApp, as well as design enticing webpages that present a façade of genuine investment proposals to lure victims, ToI reported.

31.07 / 06:13

Aviat Action Airlines AirAsia suspends officer who didn't wait for Karnataka governor

Thaawar Chand Gehlot could board it in Bengaluru, the airline's station manager at Kempegowda International Airport (KIA) was suspended for a month. As per a ToI report, two more airline staffers are expected to be suspended along with Zico Soares, due to the «lapse» that occurred on Thursday, just before a scheduled meeting of AirAsia officials in the governor's office on Monday. Confirming the suspension, the sources told ToI that Zico Soares was suspended on Saturday, charged with not waiting for the VIP and granting clearance for the AirAsia (now AIX Connect) plane to take off with regular passengers.

30.07 / 19:37

Citi Lowe's Waters Action Metro Iqvia Top drugmakers bet on trade generics to grow beyond metros

Trade generics is seeing a lot of action in recent times with the entry of large domestic pharmaceutical companies, who want to expand beyond metros and other top cities where they see potential growth in years to come. Trade generics are branded medicines that are not promoted to physicians but are directly sold through retailers and distributors. In India, trade generics have a market share of 20% by volume and 5-6% by value, according to data and analytics firm IQVIA.

30.07 / 14:35

Provident FIVE Manufacturing Interface Pride track electronic Hyderabad-based ATL supplied key components to ISRO PSLV

ISRO's Polar Satellite Launch Vehicle (PSLV) placed seven Singaporean satellites in orbits, Hyderabad-based Ananth Technologies contributed a range of components that made the spaceflight a success. Ananth Technologies Limited (ATL) supplied avionics packages and power systems for the PSLV, which had its 56th launch on Sunday and was also responsible for the sub-assembly integration of ISRO's warhorse rocket.

30.07 / 07:55

Citi show fall Mumbai New supply of office space down 25pc in April-June in top 7 cities; NCR, Mumbai see steep fall: Vestian

New supply of office space fell 25 per cent to 11.30 million square feet during April-June across seven major cities amid subdued demand and high base effect, according to Vestian.

30.07 / 03:01

BLOCK hospital Telangana govt to demolish Osmania Hospital buildings, including historic Heritage Block

The Siasat Daily, the government revealed plans to demolish other satellite structures associated with OGH to make way for the construction of a new hospital building, spanning an area of 35.76 lakh square feet. During a meeting attended by ministers Mahmood Ali and Talsani Srinivas, Hyderabad MP Asaduddin Owaisi, along with officials from various departments such as health, GHMC, MA&UD, and R&B, as well as representatives from Osmania General Hospital, the government cited safety concerns as the primary reason for their decision.

29.07 / 07:51

Citi Provident Platform Strategy Remark Enterprise audience Warehouse by Mudita: Making Luxury Fashion Accessible to All

Warehouse by Mudita has emerged as a groundbreaking luxury multi-designer outlet, breathing new life into the Indian fashion industry with its unique approach of offering surplus inventory from top designers. With its innovative strategy of offering premium designer fashion at exceptional value, this visionary enterprise has made high-end fashion readily available to a wider audience. The recent exhibition in Kolkata stands as a testament to the brand's phenomenal success, surpassing expectations and capturing the city's passion for luxury fashion.

29.07 / 05:51

Provident Platform Southern country ArisUnitern plans investment fund to raise Rs 350 crore

Real estate contracting and advisory firm ArisUnitern plans to raise Rs 350 crore through the alternative investment fund route this year, marking its foray into the real estate alternative financing segment in the country The proposed fund, which will have a green shoe option of Rs 100 crore, will be used for last-mile funding of residential projects. “We have already applied for the approval with the Securities and Exchange Board of India (Sebi) and are awaiting their reply,” said Srinivas Gopalan, chairman at ArisUnitern. The firm has ventured into development management of residential projects and plotted development by providing last-mile funding.

29.07 / 03:43

UPS Provident FIVE Aware Baring stake Baring PE Asia to pick up 60-65% stake in Indira IVF

Baring PE Asia EQT (BPEA EQT) will acquire 60-65% of Indira IVF for $650-700 million, the largest provider of fertility services in India and in the top five globally in terms of annual in vitro fertilisation (IVF) cycles. The deal was signed before other contenders could submit binding offers by this week's deadline, said people directly involved in the matter. The chain has been valued at $1.1 billion (₹9,000 crore), they said.

28.07 / 19:45

Provident Southern country ArisUnitern plans to raise ₹350 cr via alternative investment fund

Bengaluru: Real estate contracting and advisory firm ArisUnitern plans to raise ₹350 crore through the alternative investment fund route this year, marking its foray into the real estate alternative financing segment in the country. The proposed fund, which will have a green shoe option of ₹100 crore, will be used for last-mile funding of residential projects. «We have already applied for the approval with the Securities and Exchange Board of India (Sebi) and are awaiting their reply,» said Srinivas Gopalan, chairman at ArisUnitern.

28.07 / 18:21

Provident FIVE Manufacturing Software Pool Micron AMD AMD commits $400 mn to expand India R&D

Advanced Micro Devices (AMD), which designs but doesn’t manufacture its own chips, will invest about $400 million in India over the next five years to expand research, development and engineering operations in the South Asian nation, Mark Papermaster, executive vice president and chief technology officer said on Friday. “I am pleased to announce that AMD will invest approximately $400 million in India over the next five years," he said. Making the announcement at the Semicon India 2023 conference, the top executive said that AMD will build a new campus in Bengaluru which will be AMD’s largest R&D facility in the world.

28.07 / 11:23

UPS Provident performer track IITs step up measures to address mental wellness of students

Indian Institutes of Technology (IITs) are rebooting the way they connect with students. With close to half a dozen suicides by students at the IITs in 2023 so far, they are also escalating the preventive measures. The fresh initiatives by some of the IITs include student-faculty informal dinners, roping in parents to interact with their wards at least twice a week through WhatsApp, open house meetings, face recognition attendance system to track students in mess and classrooms (to check if they isolate themselves) and having parents stay at the campus where the students face depression.

28.07 / 10:36

Citizens Action Airlines Inside Flight takes off without Karnataka Governor on board, airline apologises

Bengaluru: Karnataka Governor Thaawarchand Gehlot was on Thursday denied boarding on an Air India subsidiary AIX Connect flight over alleged «delay» in reporting. The Governor's office lodged a complaint over «breach of protocol» and the Airline on Friday offered an apology. The flight took off from Bengaluru's Kempegowda International Airport here on Thursday without allowing the Governor on board.

28.07 / 07:19

Mumbai Engage with Northeastern University at Study Expos in Hyderabad and Mumbai

Register today for more details Disclaimer: This article has been produced on behalf of Northeastern University by HT Brand Studio.

27.07 / 16:41

Lowe's MET Waters Extreme heavy rain Schools Colleges Telangana News: KCR directs schools, colleges to remains closed tomorrow as heavy rain continues to lash state

Telangana Chief Secretary A Santhi Kumari on Thursday said the administration has been put on alert as heavy rains continued to lash the state. The downpour led to inundation of low-lying areas and damage to roads at several places in the state with rivulets and other water bodies overflowing. There is every likelihood of the flood water reaching third danger mark, steps are being taken to shift people living in low lying areas to relief camps, an official release said.

27.07 / 14:05

Booking Aviat Airlines star services Shivamogga to offer flight services to Tirupati, Goa and Hyderabad

Shivamogga, opened by Prime Minister Narendra Modi early this year, will receive its first flight on August 31, Infrastructure Development Minister MB Patil said. Indigo Airlines has initiated bookings for the scheduled first journey from Bengaluru to Shivamogga on August 31.

27.07 / 11:31

COST Citi CEO show performer Luxury housing sales across top 7 cities rise by 130% YoY in Jan-June’23

The luxury housing segment in India maintained strong sales momentum, registering a 130% Y-o-Y increase in Jan-Jun’23 period. Total sales of luxury units during Jan-Jun’23 period stood at 6900 compared to 3000 units during the same period last year, according to a CBRE report.

27.07 / 10:39

Provident LEH Ladakh: Zoji La tunnel expected to be completed by Dec 2030, say Officials

Zoji La Tunnel, which is said to establish all-weather connectivity between the Union Territories of Ladakh and Jammu and Kashmir, is expected to be completed by December 2030, an army official said on Thursday. Captain IK Singh, office-in charge, of Border Roads Organisation told ANI, «The revised length of the tunnel is 13. 15 km.

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