City Hyderabad Financial News

27.07 / 01:41

VISA Action Limelight Indian US: Indian student loses bag, certificate in robbery, found starving on streets in Chicago

A Hyderabad woman pursuing a master's degree in the US was found starving on the streets of Chicago. The student, who was studying at TRINE University in Detroit, Chicago but, lost her bags, certificates during a robbery and was then left to starve on the streets. Her mother, Syeda Wahaj Fatima said, “My daughter had gone to the US for her masters in 2021.

26.07 / 17:05

UPS Strategy Colliers India adopts flexible office strategy, moves into Tablespace Pune

Property consultant Colliers India has adopted a flexible office strategy and as part of this, has moved into a new managed office space at Tablespace in Pune. Over the past three years, this is the fifth new office picked up by Colliers India, after Bengaluru, Gurgaon, Mumbai, and Hyderabad.

26.07 / 02:51

UPS Citi FIVE Waters IKEA Telangana rains: Red alert issued till 27 July; educational institutions to remain shut

Heavy rain lashes Delhi, Noida; waterlogging situation on ITO road. Check updates In view of incessant rains, Telangana Education Minister Sabita Indra Reddy has declared holidays for all educational institutions in the state on 26-27 July. The announcement was made on the direction of Chief Minister K Chandrashekar Rao, officials said.

25.07 / 16:35

Citi Aviat CEO Airlines track FLY91 allocated routes under UDAN scheme

Fly91, a new airline helmed by top aviation veterans has been allocated its first set of routes under the Government of India’s Regional Connectivity Scheme (RCS) UDAN. The routes given under UDAN 5.0 will see FLY91 connect the cities of Sindhudurg, Jalgaon, Nanded and Agatti with business and leisure destinations of Bangalore, Goa, Hyderabad and Pune.

25.07 / 16:31

COST UPS Digital country Cyient Q1 Results: Net profit rises 45% to ₹168 crore, revenue up 35%; check details

India's Cyient Ltd reported a 45% rise in quarterly profit on Tuesday that just missed analysts' estimates as rising expenses at the engineering and IT services company offset strong order pipeline and demand recovery in some sectors. The Hyderabad-based company reported a 45% rise in consolidated net profit of 1.68 billion rupees ($20.53 million)for the first quarter ended June 30th 2023, compared with 1.16 billion rupees a year ago. Analysts, on average, were expecting Cyient to earn 1.73 billion rupees ($21.14 million), as per Refinitiv data.

25.07 / 14:59

country BCCI announces fixtures of senior men's team for home season 2023-24

Board of Control for Cricket (BCCI) on Tuesday announced senior men's team schedule for 16 International matches comprising 5 Tests, 3 ODIs, and 8 T20Is in the home season 2023-24. BCCI's Tours, Fixtures and Technical Committee comprising Amitabh Vijayvargiya, Jayendra Sahgal and Hari Narayan Pujari confirmed the venues allocated as per the BCCI venue rotation policy. The home season will commence with India hosting Australia for a three-match ODI series ahead of the marquee ICC Men's Cricket World Cup.

25.07 / 13:16

Revealed: How Flight Flight Mode Helped Hyderabad Police Uncover ₹712 Cr Fraud | Watch

Recently, the Hyderabad Police unearthed a fraud t... moreRecently, the Hyderabad Police unearthed a fraud that involved 15,000 people and reportedly cheated them of ₹700 crore in less than a year.

25.07 / 10:12

Provident VISA Mobile Discover show How flight mode on mobile helped Hyderabad Police to uncover Rs 712 crore Chinese scam

Prakash's troubles began when he was apprehended by the police at an airport, carrying two phones. His Chinese and Dubai associates noticed that he was unresponsive to their messages and grew suspicious that he might be in the custody of security agencies.

25.07 / 06:37

COST Citi CEO performer electronic Retail leasing grows 24% year-on-year in the first half of 2023

Retail leasing in India witnessed a 24% Y-o-Y growth in Jan-June’23 period and a 15% increase compared to Jul-Dec’22 period, according to a CBRE report. Total leasing during Jan-Jun’23 stood at 2.87 mn sq ft compared to 2.31 mn sq ft (Y-o-Y). Bangalore, Delhi-NCR, and Ahmedabad collectively accounted for a cumulative share of 65% in leasing activity during the first six months this year.

25.07 / 02:17

Citi Citizens Assurant BAY Telangana announces new school timings. Check new schedule for primary and upper primary classes

heavy rainfall for Telangana over the next few days. The weather department sounded a red alert on Monday, predicting ‘extremely heavy rain’ for certain parts of the state between 8.30 am on July 25 and 8.30 am on July 28.

25.07 / 00:35

Citi Citizens Assurant heavy rain IMD sounds red alert for Telangana, forecasts heavy rain for next three days. Know more

Northern India to receive heavy rainfall on Wed-Thu, says IMD Officials from Greater Hyderabad Municipal Corporation have already urged people in the city to avoid unnecessary travel and step outdoors only if essential. The Director of Enforcement for Vigilance and Disaster Management assured in a tweet that Disaster Response Force teams had been put on alert.

24.07 / 19:01

UPS Citi Mobile Celebrity country cover India rejects $1B BYD proposal amidst 'security concerns'

The Economic Times reported over the weekend that India has rejected Chinese automaker BYD's (OTC:BYDDY) proposal to set up a $1 billion factory in the country through a partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd.

24.07 / 17:37

UPS Provident Lowe's Digital Platform Software stake Mukul Agrawal slashes holding in Newgen Software. Picks up stake in this multibagger

Newgen Software Technologies to 1.14% or 800,000 shares in the quarter ending June. The investor also picked up 1.34% stake amounting to 11,26,765 equity shares in Zen Technologies during the reported quarter. Shareholding trend of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies on reaching 1% stake or above in the company.

24.07 / 16:23

UPS Government extends Amitava Mukherjee's additional charge as CMD of NMDC, NMDC Steel

Amitava Mukherjee's additional charge as CMD of NMDC till November 19 this year. Mukherjee is a Director (Finance) at NMDC and holds the additional charge of the Chairman-cum-Managing Director (CMD) NMDC and NMDC Steel.

24.07 / 15:09

Citi Software Parke AT&T country AST SpaceMobile opens R&D facility in Hyderabad

AST SpaceMobile, the Texas- headquartered company on Monday announced the opening of a new research and development (R&D) services hub and space technology development centre in Hyderabad. The company is building a space-based cellular broadband network accessible directly by standard mobile phones. The state-of-the-art facility will focus on next-generation hardware, software, space-related technologies and operations, AST SpaceMobile said in a release.

24.07 / 14:27

FIVE Citizens Telegram USDT Mobile Sony star Fraudsters dupe 15,000 people of ₹712 crore, launders money to China. This is how they operated

₹700 crore in less than a year. Hyderabad Police Commissioner CV Anand in a presentation explained the modus operandi of the scamsters and said how they used the technology to dupe the people. The scamsters send messages to people to invest starting with small amounts.

24.07 / 13:15

UPS POT country India Rebuffs Chinese FDI; Rejects 58 Applications | BYD’s $1Bn Investment Bid Foiled | Report

India recently rejected a billion Chinese dollars ... moreIndia recently rejected a billion Chinese dollars in investment.

24.07 / 12:47

Provident Citizens Telegram USDT performer country star 15,000 Indians cheated of Rs 712 crore: How Chinese fraudsters lured victims into fake schemes

Hyderabad police has arrested nine people across the country in connection with an investment fraud of Rs 712 crore by Chinese operators. According to the cyber crime wing of Hyderabad Police, the gang has cheated an estimated 15,000 people to the tune of Rs 712 crore. The fraudsters used to lure gullible investors through fake investment apps and schemes and later laundered money to China via Dubai after converting rupee to crypto, according to the police.

24.07 / 04:25

COST Citi country NOT Not many takers for Affordable Housing? Data reveals demand dropped to 20% in H1 2023

Even as the Indian luxury homes segment is firing on all cylinders, affordable housing continues to languish due to pandemic-induced demand changes and various other factors. Both supply and demand for affordable housing are shrinking, according to latest ANAROCK Research data.

23.07 / 18:47

Enterprise performer Robust home sales improve realty companies' liquidity profile

property market over the last three financial years has resulted in robust improvement in liquidity and credit profile of key listed real estate developers since the outbreak of the Covid-19 pandemic. The buoyancy in residential demand in mid, premium and luxury segments across India's top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies' higher.

23.07 / 18:11

UPS Enterprise performer Sustained housing sales helps improve developers’ liquidity, credit profile

The buoyancy in residential demand in mid, premium and luxury segments across India’s top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies’ higher. The performance helped strengthen their leverage and credit profiles and this is expected to sustain over the medium term.

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