City Hyderabad Financial News

University Grants Commission (UGC) to specify steps it has taken and proposed to take, to provide non-discriminatory, enabling environment for the students belonging to Scheduled Castes and Schedule Tribes in institutions of higher learning, terming it a «very serious issue». A bench of Justices AS Bopanna and MM Sundresh asked the UGC to furnish the details of steps taken on a plea by the mothers of Rohith Vemula and Payal Tadvi, who had allegedly died by suicide following alleged caste-based discrimination in their educational institutions. While Vemula, a dalit Ph.D scholar at Hyderabad Central University, had ended his life on January 17, 2016, Tadvi, a tribal student at TN Topiwala National Medical College, Mumbai, took the extreme step on May 22, 2019 due to alleged caste-based discrimination by three doctors of her institution.

₹4,900 in July from ₹7,200-plus in the previous month, down by around 50%. Likewise, spot fares for Mumbai-Goa dipped to around ₹1,500 from over ₹3,200, declining 112%. For Mumbai-Lucknow, last-minute fares have contracted to almost ₹5,000 from ₹9,000 earlier, while Delhi-Kolkata shrunk to around ₹5,200 as compared to over ₹8200 in June.

India, July 5, 2023: Goa, known for its picturesque landscapes and vibrant culture, has become the latest addition to the Housewise family as the property management startup extends its operations to this popular tourist destination. With a successful launch in Pune and Bengaluru back in 2017, Housewise has steadily expanded its presence to several major cities across India, including Hyderabad, Chennai, Delhi, Noida, Gurugram, Mumbai, Thane, Ahmedabad, Kolkata, and now Goa.

office rentals remained stable during April-June at Rs 95 per square feet across six major cities as new supply rose 32 per cent, while demand grew by a modest 2 per cent, according to Colliers India. Real estate consultant Colliers India released its quarterly data of six major office markets — Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad and Pune — on Wednesday. Gross leasing of office space rose 2 per cent to 14.6 million square feet across top six cities during April-June, from 14.3 million square feet in the year-ago period, driven by technology, engineering & manufacturing sectors.

shopping/booking/hiring of products and services. One such interesting finds of the survey is that a smartphone consumer in India benefits by ₹6 for every Re 1 spent. The study also states that the economic value of smartphones for the rich is almost 50% higher in India as compared to the middle class.

speeding car, following which they violently catapulted into a nearby electric pole on a Sun City main road in Hyderabad. The tragic event occurred when a speeding car, driven by a 19-year-old, collided with the women, resulting in the deaths of a mother-daughter duo, Anuradha (45) and Mamatha (25). Meanwhile, the third woman, identified as Malavika, is currently battling for her life in a private hospital.

Mahesh Babu and his actress-wife Namrata Shirodkar are beaming with pride as their daughter, Sitara, made her debut on a prominent Times Square billboard. The 11-year-old turned model for Hyderabad's leading jewellery brand PMJ Jewels. The jeweller even launched a dedicated jewellery line — Sitara Collection — bearing her name.

Bengaluru/Mumbai: About eighty minutes into the virtual annual general meeting of Tata Consultancy Services Ltd (TCS) on Friday, Hyderabad resident and company shareholder Praful Chavda asked the question everyone tuning in had been anticipating. “Sir," Chavda started, speaking in Hindi, addressing TCS chairman Natarajan Chandrasekaran, who is also the chairman of parent Tata Sons, one of India’s largest and best-regarded business houses. “There was this news in the media where it was mentioned something was wrong with the recruitment process." Chavda was referring to the bribes-for- jobs scam at TCS, which was first reported by this paper on 23 June.

NEW DELHI : Government laboratories have received around 300 cough syrup samples for quality testing after the embarrassment of toxic syrups causing deaths abroad. Indian-made cough syrups have been linked to the death of dozens of children in Uzbekistan and Gambia, prompting the government to tighten the export policy for cough syrups.

Real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period. In contrast, gross office space leasing increased 3 per cent to 26.1 million square feet from 25.3 million square feet. c The period also witnessed second-highest half-yearly residential sales volume in 9.5 years.

accident and the locals helped the police to shift the injured to a nearby hospital. The bodies of the three deceased were transferred to the mortuary at Osmania Hospital. The police have registered a case against the driver and the search is on.

Q2 as compared to the last quarter, mentioned a latest report by Cushman & Wakefield. According to the report, the office realty sector continues to witness a positive demand momentum with the half-yearly gross leasing volume standing at 33.1 msf, accounting for 46% of full year volume recorded in 2022 that was a historic high. Anshul Jain, Head of APAC Tenant Representation and Managing Director, India & South East Asia, commented – “India’s office real estate market continues with its growth momentum. A significant reason for its ability to buck the global recessionary headwinds is the rise in domestic demand. The entry of new GCCs and the ongoing expansion of the manufacturing and flex space segments are also helping the office sector widen its demand base. We can expect the exuberance seen last few quarters in office real estate to continue, if the momentum holds.” According to the report, Delhi NCR recorded the highest leasing volume of 3.6 msf which is 24.8% higher than the Q1-23 volumes. Pune and Bengaluru also recorded healthy leasing volumes of 3.1 msf & 3.0 msf respectively. Hyderabad, meanwhile, witnessed an impressive 61.7% Q-o-Q growth with the total leasing volume standing at 2.6 msf,” the report mentioned. The IT-BPM sector is the biggest contributor with 31% share of the total leasing volumes i.e around 5.3 msf. The flexible space, as an emerging asset class has a special role to play, the report further highlights. In H1-23, this segment once again contributed 13-14% to India’s GLV. With close to 15,700 seats take-up by enterprises in Q2, H1-23 saw total absorption of 36,500 seats across top-8 cities.

Pincode, a shopping app developed on the government-backed Open Network for Digital Commerce (ONDC), on Tuesday announced that it has gone live in 10 cities across India. The cities include Mumbai, Delhi, Nodia, Gurugram, Chennai, Hyderabad, Ahmedabad, Pune, and Kolkata.

US-based semiconductor company Microchip Technology has announced a $300 million investment plan to expand its operations in India, just days after similar moves from industry players Micron, Applied Materials, and Lam Research. To strengthen its presence in India, the company has inaugurated a new research and development (R&D) facility at One Golden Mile Office Tower in Hyderabad.

Akhilesh Yadav on Monday met Telangana CM K Chandrashekhar Rao at his residence in Hyderabad in what was seen as further exploration of talks for a larger Opposition unity for 2024 polls, even as BRS and Congress remain locked in the upcoming battle in Telangana. Speaking to media persons in Hyderabad before the meeting, while Yadav refrained from sharing details of the agenda, he said that everybody's aim is common — to dislodge BJP.

Microchip Technology, on Monday announced a multi-year plan to invest approximately $300 million in expanding its operations in India. The time frame for the investment would be the next four to six years. “The investment will be in buildings and infrastructure, equipment and labs, and people.

Setll has planned to expand its capacity by more than 2.5 times to 5,000 beds by the end of this fiscal and is looking to enter the Noida, Pune and Chennai markets, a senior executive said. The company, which focuses on providing rental accommodations to working professionals, currently has around 2000 beds across Bengaluru, Gurugram and Hyderabad across 40 centres. The Bengaluru-based startup charges between Rs 12,000 and Rs 18,000 per-bed.

Cricket World Cup, businesses in India are also set to gain from the matches. The tournament will be held from October 5 to November 19 and played across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai and Kolkata. The pandemic left the hospitality sector ravaged, which has now limped back to normalcy.

computer science at IIT-Bombay just went up a notch higher to touch perfect 10-all the top 10 all-India rankers in JEE are joining the Powai campus. Thirty-seven others in the top 50 followed suit and decided to pick the Powai college over other IITs at the close of first round admissions of 2023-24. And when one looks at the top 100, 89 students opted for IIT-Bombay as their first choice, with everyone asking for computer science.

Pakistan is set to send a security delegation to India for inspecting the venues before giving clearance for the national team's travel to the neighbouring country for this year's ICC ODI World Cup. An official source in the Inter-Provincial Coordination (Sports) Ministry told PTI that the government, including the foreign and interior ministry would decide when to send the security delegation to India once the new chairman of the Pakistan Cricket Board was elected after the Eid holidays.

G Kishan Reddy has unveiled a postal cover on '9 Years of Telangana Statehood' and picture post cards showcasing 'Buddhist Heritage in Telangana — Bavapur Kurru' in Hyderabad. Speaking on the occasion, Reddy lauded Prime Minister Narendra Modi's vision and new initiatives that have helped transform India Post into a Multi Service Agency providing services to the citizens «on value-for-money basis».