City Hyderabad Financial News

Innovation and advancement have been a necessity for almost every industry out there, and software development companies are making sure to bring all those necessary changes for almost every business out there. Software development professionals of IT companies are taking advantage of advanced technologies like Artificial Intelligence, Machine Learning, Blockchain, and various others to make businesses and the world better and more innovative.

Quadria Capital, Singapore's healthcare focused private equity firm, on Wednesday announced an investment of up to ₹1,300 crore in Maxivision Eye Hospital, one of India's leading private eye care chains. Quadria will make an initial investment of about ₹600 crore for a significant minority stake, and a further investment of up to ₹700 crore for additional stake, representing one of the largest investments in the eye care services space.

Asian Institute of Nephrology and Urology (AINU), the largest single-specialty kidney care chain in India. AHH is likely to acquire about 70% stake in the hospital chain at a valuation of ₹500-520 crore, said two people aware of the development. Post transaction, the existing management will continue to run the business, said sources.

Driven by strong housing demand, the residential property market in India experienced an average YoY price appreciation of 6% during the April-June period of this year, as per data released by PropTiger.com.

Property prices in Gurugram has increased the most among top 10 cities with a YoY increase of 12% in Q2 2023, surpassing Bengaluru (9%) and Noida (8%). The residential property market in India experienced an average year-on-year price appreciation of 6% during the April-June period of this year, as per data by PropTiger.com. “Housing prices have been climbing in major Indian cities in the post-COVID years.

ONDC) announced its beta launch in five cities including in Delhi, Delhi surpassed Bengaluru in terms of retail orders on July 9 with 8,304 orders over Bengaluru's 7,048 orders, and the network cumulatively got more than 35,000 retail orders in a day. Sources said this was the scenario despite the rains in the capital because of the weekend push by buyer applications like Magicpin and Paytm with themes like Super Sundays. ONDC had gone beta live on July 5 in Mumbai, Delhi NCR (including Noida, Gurgaon and Faridabad), Chennai, Hyderabad and Kolkata post scaling seller density in these cities.

Bangalore (Karnataka) [India], July 10: DaveAI, an artificial intelligence platform that helps brands create personalized and immersive sales experiences powered by Virtual Avatars, unveiled its generative AI pipeline during the grand opening of its new office in Bangalore, India.  DaveAI is one of the very first Indian companies to launch Virtual AI Avatars that are leveraged by brands like Maruti Suzuki India, Karnataka Bank, Kotak Mahindra Bank etc to improve their sales & customer experience. DaveAI's virtual avatars are powered by its proprietary AI sales brain which predicts affinities between customers and products.

Banks are also closed on Sundays and second, and fourth Saturday’s in the country. So, in the month of July as one of the major festival falls on the fifth Saturday, i.e., July 29 and banks will be closed on fourth Saturday that is on July 22.

Hyderabad-based Quantum Energy, an electric scooter start-up has inked a strategic tie-up with Bike Bazaar, a finance solutions provider for pre-owned and new vehicles. The agreement involves collaborating and powering a substantial number of Quantum Bziness Pro e-scooters.

Mint spoke with some parents to find out the factors that decided the right school for their children. The boards For Sandhya Jandhyala, 40, of Hyderabad, the choice was CBSE, or Central Board of Secondary Education. Both her daughters are students of Bharatiya Vidya Bhavan’s Public School, just 5km from their house.

India becoming a signatory to the Artemis Accords and the focus on the space sector, particularly on addressing issues related to export control and technology transfer, during Prime Minister Narendra Modi's recent visit to the US will open up doors for private players, industry leaders believe. Since India opened up its space sector in 2020, more than 150 start-ups have come up in areas such as building rockets and satellites, setting up astronaut training facilities and exploring possibilities for space tourism.

Farmland on the outskirts of metropolitan cities is attracting more buyers, attracting not just celebrities but also executives from multinational corporations, according to industry experts.Responding swiftly to seize the opportunity, several developers have initiated the development of gated communities comprising farm lands within a two-hour drive from metros such as Delhi, Bengaluru, Mumbai and Hyderabad.Recently, Suhana Khan, daughter of

ESPNCricinfo, the panel includes interior minister Rana Sanaullah and Law and justice minister Azam Nazeer Tarar. The heads of intelligence agencies and representatives of all political parties have also found a place in the committee, making the scope for wide consultations. The report adds that the reason behind keeping such a large panel is likely to be a buffer against a change in government as the country will be soon headed towards the general elections.

₹6.5 crore for skill enhancement among coal miners, it added. Emphasising on skilled workforce as a key to safe and productive mining operations, Om Prakash Singh, Chairman-cum-Managing Director of MCL stated that regular training and upgradation of skills is required by leveraging cutting-edge technologies to match the advancements and introduction of new technology in mining sector.

Akasa Air, India’s newest airline, has further enhanced its domestic connectivity by starting direct flights between Mumbai and Kolkata from July 7, 2023 onwards. The airline will connect Kolkata with three destinations, including Bengaluru, Mumbai, and Guwahati, and has also ramped up its frequency between Delhi and Ahmedabad with two daily flights.

Falaknuma Express caught fire near Bommaipalli, about 50 KM from here on Friday but nobody was hurt in the incident, an official said. A senior official of the South Central Railway said two compartments were damaged completely and one partially in the fire.

B L Kashyap & Sons, one of the leading civil, engineering and construction company, expects a 24% growth in revenue to Rs1300 crore in FY25, led by commercial and government projects. The firm has secured new orders worth Rs 700 crore in the last six months, including the redevelopment of the railway in railway project at Bijwasan from the Railway land development authority, Embassy business hub phase II and Nzuri business park in Pune. “There has been robust growth in order intake during the year and a substantial jump in order book position at the end of the financial year, clearly giving strong visibility of earnings in the coming years.

Domestic firms continued to lead the absorption in April-June’2023 and H1 2023, accounting for a share of 43% and 46%, respectively, mainly led by flexible space operators, technology corporates and BFSI firms according to a report by CBRE. The report points out that office leasing increased by 12% Q-o-Q and touched 13.9 mn. sq. ft. during the April-June’23 period. Bangalore, Chennai, and Pune led the absorption in Q2 2023, accounting for about 59% of the transaction activity. During the quarter (April-June’23), technology companies witnessed an uptick in activity, accounting for 29% of the leasing, followed by flexible space operators (18%), engineering & manufacturing firms (17%) and BFSI corporates (17%). “India is expected to be amongst the world’s fastest-growing economies amidst a likely weakening of global macroeconomic conditions. We believe that the share of domestic firms in leasing would also remain strong during the year; at the same time, their greater emphasis on return to offices (RTO) is also expected to boost their operations,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE. Leasing in the BFSI sector was driven by deal closures by global capability centres of BFSI corporates, Indian banks, and insurance firms. Most of these corporate are focusing on expanding their footprint.

Dr Reddy's on Thursday said it has entered into the child nutrition segment with the launch of immunobooster gummies under brand name CeleHealth Kidz Immuno Plus Gummies. The company said the immunity supporting gummies are fortified by scientifically formulated combinations of ingredients such as Wellmune, prebiotics and other essential vitamins and minerals. Wellmune is a form of clinically studied beta-glucan and a proven ingredient to help reduce sick days in children by enhancing their innate immunity.

The move can be linked with a potential surge in the demand for homestay properties from certain cities such as Ahmedabad, Dharamshala, and other metros across the country due to ICC world cup 2023. This year India will be hosting the ICC world cup from October 5 to November 19 across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai, and Kolkata. “Cricket fans are more willing than ever to explore homestays as an accommodation option,” said Parikshit Choudhury, Chief Business Officer of Alternate Accommodation and Customer Contact Group, MakeMyTrip. Furthermore, the company has also developed a new feature where users can track the distance of the accommodation from the cricket stadium in the city.

tomato prices remained highest at Rs 152 per kg in Kolkata, followed by Rs 120 per kg in Delhi, Rs 117 per kg in Chennai and Rs 108 per kg in Mumbai, according to the data maintained by the Consumer Affairs Ministry. The all-India average retail tomato price was ruling at Rs 95.58 per kg on Thursday.