City Hyderabad Financial News

19.07 / 10:55
UPS Citi Provident Gap country Porter launches Intercity courier service for seamless shipping across India
Porter, a tech-based on-demand logistics companies, announced the introduction of its Inter-city Courier Services, aimed at transforming the way goods are transported across the country. This tech-enabled Inter-city delivery offering is set to ease the logistics landscape by providing doorstep pickup and delivery services to a wide range of customers, including SMEs, retail businesses, and regular consumers.
18.07 / 19:27
Citi Premium Oyo checks into premium resorts and hotels space with Palette
Palette. The company said it has curated a range of 'upscale' resorts and hotels for travellers seeking a 'premium experience' at competitive prices.
18.07 / 18:47
Accessibility audit CAG audit of accessibility for disabled in government buildings soon
India (CAG) has ordered a pan-India audit of disability features in government buildings constructed or retro-fitted over the last one year. The buildings come under the purview of the government's primary construction arm — Central Public Works Department.
18.07 / 12:43
UPS Citi Booking Platform Weekend Get set for a ‘Barbeheimer’ weekend! Christopher Nolan film sells 300K tickets; Margot Robbie & Ryan Gosling's summer flick picks up in advance booking
‘Oppenheimer’, the epic biographical drama directed by Nolan, has reportedly crossed 300,000 tickets in advanced sales, revealed Ashish Saxena, COO- of Cinemas, BookMyShow, revealed in a statement. Since the Cillian Murphy-Emily Blunt starrer will be the only release in IMAX this week, major metropolitan cities like Bengaluru, Hyderabad, Delhi, and Chennai are ruling the roost when it comes to ticket sales on the platform. A staggering 42 per cent of tickets purchased on BookMyShow have been for immersive cinematic formats such as the IMAX as cinephiles from the aforementioned regions have been aiming to bag the best cinematic experience they can afford. On the other hand, Barbie, the feel-good comedy-drama about the iconic doll, that has been the first BFF of pretty much every girl around the globe has also generated quite an excitement in India. According to Saxena, Ryan Gosling, Margot Robbie's film has sold an impressive 54,000 tickets on the ticket-selling portal.
18.07 / 09:13
Premium Oyo enters premium resorts, hotels category, launches Palette brand
OYO on Tuesday announced its foray into premium resorts and hotels category with the launch of its new brand -Palette with plans to have a total of 50 properties by second quarter of FY24. The company has started 10 Palette resorts as a pilot in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar and Bangalore.
17.07 / 16:13
COST Career Indian Top Indian MBA institutions in QS Global MBA Rankings 2023. Here is the list
The cost of getting an online MBA for enhancing career prospects This year's full-time MBA rankings offer an extensive list of the top business schools to pursue an MBA in seven different career specializations.  IIM Lucknow is ranked 33rd, known for its premier business school offering AMBA-accredited long-term programs. Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR) is ranked in the top 60.
17.07 / 16:07
9 workers suffer severe burns in fire at private company near Hyderabad
The incident occurred on Sunday night resulting in more than 50 per cent burns to nine employees and all of them were admitted to different hospitals where they are receiving treatment, they said. The injured belong to Maharashtra, West Bengal, Karnataka, Odisha and Jharkhand, police said.
17.07 / 11:23
COST Citi MET FIVE Manufacturing Parke Allianz Warehousing supply across 8 primary markets likely to grow 13-15% in FY24, says ICRA
ICRA. The incremental absorption is estimated to remain at around 39 million sq ft, the level witnessed in 2022-23. Nearly 52% of the expected supply addition across these primary markets including Mumbai, National Capital Region, Pune, Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A category.
17.07 / 07:19
Citi Target Over 1.40 lakh kg drugs worth Rs 2,381 crore destroyed, Union Home Minister Amit Shah watches virtually
Amit Shah, officials said. Destruction of the narcotics, the bulk of it from Madhya Pradesh, were carried out in different cities as Shah watched through video conferencing from New Delhi while attending a conference on 'Drugs Smuggling and National Security'.
16.07 / 01:07
Provident Digital Aware Manufacturing CEO Chip shortage hits issuance of smart driving licences, registration cards
semiconductor chips continues to impact the issue of chip-baseddriver’s licences and automobile registration cards, to the frustration of new vehicle owners. During most of 2022 and the beginning of 2023, disruption in the supply chain and the Russia-Ukraine war caused a shortage of chips that meant that smart drivers’ license were not issued, said Pethi Sarguru, CEO of Versatile Card Technology( VCT) one of the largest manufacturers of smart cards used for PAN cards and voter IDs. Tenders for manufacture of these smart documents are yet to be floated in multiple states, said several persons aware of the situation.
15.07 / 14:27
UPS Extreme Gap Marvell Destiny I consider rockets like a baby, says ISRO chairman S Somanath after successful launch of Chandrayaan-3
ISRO chairman S Somanath on Saturday said he considers the launch vehicles as babies. Somanath said he enjoyed the launch of Phase-I of Chandrayaan-3 on Friday, while adding that he had gone through the entire data and marvelled at «how beautiful the rocket was». ISRO on Friday successfully launched its third moon mission, this time a far more complicated 41-day voyage to reach the lunar south pole where no other country has gone before.
15.07 / 13:57
Waves FIVE Avid Discover Veda Shell Upasana Kamineni shared pics of daughter’s nursery, says ‘sanctuary of healing’ inspired by the Vedas
Upasana Kamineni Konidela recently became proud parents to daughter Klin Kaara Konidela. The couple welcomed their first child on June 20, 2023. Konidela recently gave fans a glimpse into their little daughter’s nursery. Taking to Instagram, she shared a video clip of the spectacular nursery, which is inspired by the couple’s love for nature. Along with the video, Upasana introduced her followers to “her home away from home,” and described the nursery, as a “sanctuary of healing” through the caption. Named ‘Temple Tree’, the nursery cum birthing suit is a serene, pristine room that is painted a soothing white.
15.07 / 11:11
UPS Citi Twitter Aware MotoGP Bharat announces multiple city event Road to MotoGP
MotoGP Bharat has announced a multiple city event ‘Road to MotoGP’. As per the company, the event would cover leading cities across the country and reach out to biking enthusiasts, biker groups and among others to celebrate the spirit of motorcycling. Moreover, the event will also scout for talent and create association with young aspiring riders to take up the sport professionally.
15.07 / 04:51
UPS Reuters Tesla NOT India is not keen on allowing Chinese EV maker BYD to set up shop amid border tensions: Report
India is not keen on allowing Chinese electric vehicle maker BYD to set up shop in the country owing to security concerns, according to a report in the Times of India. «There is discomfort in the home and external affairs ministries over the entry of Chinese players in the wake of the government’s stand to keep players from across the border out of the Indian market, given the security concerns around several of them. There are growing concerns in the government that many joint ventures „arranged“ by the Chinese companies — some of which get state support — are „heavily weighed and controlled by the foreign partner“, while the Indian company is more or less a dummy entity, with not much control on technology, decision-making, and other critical know-how,» the Times of India claimed. «In the BYD case, the government has had similar concerns, which have come to the fore now as the Chinese electric company wants to go aggressive on India.» BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulators to form an EV joint venture, Reuters reported earlier.
15.07 / 02:55
UPS Remark debate Uniform Civil Code is political exercise aimed to take way focus of debate from key issues: AIMIM chief Asaduddin Owaisi
Narendra Modi's lead government at the Centre for proposing the implementation of the Uniform Civil Code, AIMIM Chief Asaduddin Owaisi called UCC a political exercise aimed to divert the course of debate away from key issues like poverty, unemployment and inflation. Owaisi's response came while addressing media at Hyderabad on Friday as he submitted party's response to the Law Commission along with the retired Judge Gopala Gowda's legal opinion on the subject.
14.07 / 19:53
Citi Cooper Progressive Career Gap Remark Herald Chandrayaan-3 to herald India’s quantum leap in the global arena: Jitendra Singh
New Delhi: Union minister Jitendra Singh on Thursday said that after the remarkable success of India’s Covid vaccine, the upcoming Chandrayaan-3 mission will mark a quantum leap for India on the global stage. Speaking as the Chief Guest at the 11th India Alliance Annual Conclave 2023 in Hyderabad, Singh highlighted the increasing demand for India’s partnership in frontier sectors of science and technology by developed countries.
14.07 / 19:51
UPS Aware Manufacturing BYD-Megha submits $1 billion proposal to make EVs in India
BYD and Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL) have submitted a joint proposal for setting up a 10,000-15,000 unit four-wheeler making factory in Hyderabad. According to officials aware of the development, the investment will be close to $1 billion and proposals have been pitched to the Department for Promotion of Industry and Internal Trade (DPIIT). «Investment for the project is going to be made by Megha while the technology and knowhow will come from BYD,» one of the persons associated with the plan told ET, adding that equity structure of the joint venture and mechanisms to send back royalty to BYD are being deliberated.Olectra Greentech, a unit of MEIL has already developed electric buses with technical support from BYD.
14.07 / 18:33
Lowe's Target Manufacturing Remark small-cap This small-cap consumer durable company wins order of ₹15.4 crores
₹15.4 crore. This order marks the company's largest single order to date. Inflame Appliances will manufacture and supply the chimneys from its plant in Panchkula, Haryana, with the execution expected to be completed within the next two months.
14.07 / 16:49
Aviat Airlines exit plane Passenger in trouble for opening cover of emergency exit door aboard IndiGo plane
Hyderabad to the national capital on July 8, allegedly opened the cover of the emergency exit door of the aircraft during taking off, according to Delhi airport sources. The incident happened on flight 6E 5605 and the individual was handed over to the security personnel after landing at the Delhi airport. An FIR has been filed against the individual. The unruly behaviour of the flyer caused panic among other passengers, crew and the pilot-in-command, the sources said. The passenger was in seat 18A which was close to the emergency exit door. After the incident, the cover of the emergency exit was immediately restored and the passenger was relocated to another seat in the aircraft, they added. Query sent to IndiGo seeking comments on the incident remained unanswered. According to safety experts, the handle of the emergency exit door has a cover which protects it from opening due to cabin pressure or any other accidental reasons.
14.07 / 08:31
Provident Reuters Manufacturing Tesla BYD Co proposes $1 billion investment in India to establish electric car and battery manufacturing partnership
BYD Co, in conjunction with the privately held Hyderabad-based Megha Engineering and Infrastructures, has reportedly submitted a proposal to Indian regulators for the formation of an electric vehicle (EV) joint venture., as per Reuters. Reportedly, the strategic vision involves the establishment of a comprehensive range of BYD-branded electric vehicles (EVs) in India, spanning from hatchbacks to luxury models.
14.07 / 04:59
Provident Indian Indian Railways provides additional stoppages to THESE trains going towards South India. Details here
railway station from July 15 onwards. It will now arrive at 03:09 hrs and will depart at 03:10 hrs.

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