Page 3 - Hyderabad

L&T to complete Hyderabad metro stake divestment by FY26 end

Infrastructure major Larsen & Toubro on Friday said that disinvestment of its stake in Hyderabad metro project will be completed by the end of current financial year. "We expect the divestment to get completed by the end of the current fiscal FY26," L&T said in a filing to BSE. The company said that Telangana government will take over the Hyderabad Metro SPV by refinancing the current debt and acquiring equity of L&T Metro Rail (Hyderabad) Ltd at the agreed values An in principle understanding has been reached between both on the same. Official sources on Thursday said that Telangana government has agreed to take over Phase-I of Hyderabad Metro Rail project from L&T Group by paying Rs 2,000 crore for the equity in the concessionaire L&T Metro Rail Hyderabad Ltd. It was agreed that the state government would also take over the company's debt of Rs 13,000 crore, they had said. L&T has about 90 per cent equity in the project. Last month, the infra major expressed .

CapitaLand India Trust unlocks ₹1,103 cr via divestment of IT park assets

CapitaLand India Trust will divest CyberVale in Chennai and CyberPearl in Hyderabad for Rs 1,103 crore at a 3% premium to valuation, its first exit since 2007 listing

Monin invests ₹350 crore in Hyderabad plant, eyes ₹450 crore turnover

Germain Araud, managing director of Monin India, said the facility will span 40 acres and is expected to be operational by the second quarter of 2026

Hyderabad bound A-I Express flight makes emergency landing in Vizag

An Air India Express flight from Visakhapatnam to Hyderabad with 103 passengers made an emergency landing here on Thursday, following an engine problem after a suspected bird hit mid-air, said an official. Visakhapatnam Airport director S Raja Reddy said the pilot of Air India Express flight number IX 2658 requested for the emergency landing and returned to the port city after abandoning the journey to Hyderabad. "After departing Vizag, the pilot reported some problem in the engine. So, he asked for an emergency landing and returned to Vizag. The flight landed safely and passengers were deboarded," Reddy told PTI, adding that alternative arrangements are being made by the airline. According to the director, the aircraft departed Vizag at 2.38 pm and returned by 3 pm, travelling only around 10 nautical miles while the bird hit was suspected to have occurred while ascending.

Hyderabad faces waterlogging after heavy rain; IMD issues yellow alert

The IMD has issued a yellow alert for Telangana, forecasting thunderstorms with lightning and gusty winds at isolated places across all districts on September 18 and 19

Reit penetration in office market can reach 25-30% by 2030: Colliers India

Colliers report highlights 371 mn sq ft of Grade A office stock in India holds REIT potential, led by Bengaluru and Hyderabad, with demand from GCCs and BFSI firms driving growth

Godrej Prop up 2% on ₹1k-cr sales at Hyderabad project; time to invest?

Godrej Regal Pavilion is the company's second launch in Hyderabad this year, with both projects surpassing the ₹1,000 crore sales milestone at launch

Godrej Properties sells 683 units worth over ₹1k cr in Hyderabad project

Godrej Properties Ltd on Monday said it has sold 683 housing units for more than Rs 1,000 crore in its new residential project in Hyderabad, driven by strong consumer demand. In a regulatory filing, the company said it has sold inventory worth over Rs 1,000 crore in its project 'Godrej Regal Pavilion' located at Rajendra Nagar, Hyderabad. The project was launched earlier this month. At the launch, the company had sold 683 homes with a total area of 1.20 million square feet. The total developable area in this large project is 4.14 million square feet with an estimated revenue potential of Rs 3,600 crore. On the customers' response, Gaurav Pandey, MD & CEO, Godrej Properties, said, "This outcome reflects the rising preference for trusted, branded residences and Hyderabad's strong growth potential." Recently, Godrej Properties acquired 7.82-acre of land in Hyderabad through the auction process for Rs 548 crore. This upcoming project would have an estimated revenue potential of Rs

Hyderabad rising in Biotech, Pharma, MedTech innovation: Revanth Reddy

Telangana Chief Minister A Revanth Reddy on Sunday said Hyderabad has risen from manufacturing to innovation in Biotech, Pharma and Medical Technology. Speaking at the Biodesign Innovation Summit held at AIG Hospital here, he assured end-to-end support for innovation in medical products using BioDesign, with the state government being a proactive partner, a release from CMO said. Reddy said Hyderabad has a synergy of excellent academic institutions, skill development and industry partnerships, and as a result has a great workforce. Advocating for indigenous innovation to solve India's medical needs, he said that innovators and researchers will have access to Telangana's historical medical data, while strictly following data privacy. "We will connect you to academic institutions, research, innovation bodies, the Young India Skills University and corporations," he said. "For many years, our best minds were solving problems of other countries. It is a good thing. Time has now come whe

Godrej Properties to buy 7.82-acre land in Hyderabad for nearly ₹550 cr

Godrej Properties Ltd has won a bid to acquire 7.82-acre land in Hyderabad for nearly Rs 550 crore. In a regulatory filing on Thursday, the company said it has participated in an e-auction conducted by the Telangana Housing Board (TGHB). Godrej Properties has "emerged as the highest bidder for 7.825 acre land parcel in Kukatpally (KPHB), Hyderabad, with a total combined bid value of Rs 547.75 crore". The housing board would issue the allotment letter after following the due process. Godrej Properties will develop a housing project on this land parcel. The estimated revenue potential of this project would be Rs 3,800 crore. Gaurav Pandey, MD & CEO, Godrej Properties, said, "As Hyderabad continues to strengthen its position as a dynamic real estate market, Kukatpally represents a strategic location that aligns with the city's growth trajectory." Godrej Properties is one of the leading real estate developers in the country.

5 killed as chariot hits live wires in Hyderabad Janmashtami procession

According to the police, the injured were rushed to the hospital, while the bodies have been sent for post-mortem examination

ED conducts searches at 6 locations in Hyderabad in bank-fraud case

The Enforcement Directorate (ED) has conducted searches at six locations in Hyderabad in connection with a bank-fraud case against the promoters and directors of a company and its associate entities. The ED initiated its investigation on the basis of an FIR registered by the Anti-Corruption Bureau of the CBI in Hyderabad against SEW LSY Highways Limited and others under various sections of the Indian Penal Code and the Prevention of Corruption Act for allegedly siphoning off and diverting loan funds, cheating and criminal misconduct, resulting in the loss of public money, the agency said in a statement. The federal agency's Hyderabad zonal office conducted search operations on Tuesday at six locations in Hyderabad under the provisions of the Prevention of Money Laundering Act (PMLA) in connection with a bank-fraud case against SEW Infrastructure Limited (SIL), Prasad and Company (Project Works) Private Limited (PSPWPL), group companies and their promoters and directors, the statement

Six Indian cities rank among Asia-Pacific's top 10 tech talent hubs

Bengaluru hosts the world's largest concentration of data scientists, Hyderabad leads in under-25 tech professionals, and Indian cities now account for 69 per cent of Asia-Pacific's total tech talent

HCA chief Jagan Mohan Rao, four others held by Telangana CID in IPL probe

Hyderabad Cricket Association president A Jagan Mohan Rao and four others were on Wednesday taken into custody by the Telangana CID for questioning in connection with the allegations levelled against him and others by the Sunrisers Hyderabad during the 2025 IPL season, police said. HCA office bearers including Jagan Mohan Rao, Treasurer C Srinivas Rao, CEO Sunil Kante, General Secretary Rajender Yadav and his wife G Kavita were taken into custody for questioning, a senior police official said. Earlier, Telangana Chief Minister A Revanth Reddy had ordered an inquiry into Sunrisers Hyderabad plea seeking intervention of cricket governing bodies to halt the recurring blackmailing tactics by the HCA. The state unit, however, denied all such charges by the franchise. In a letter to the Board of Control for Cricket in India (BCCI) and the Indian Premier League (IPL) Governing Council, Sunrisers Hyderabad alleged that the HCA was "threatening" the franchise, primarily for more complimentar

Threat of Naxalism now confined to just five-six districts: Rajnath Singh

Defence Minister Rajnath Singh has said that the infamous red corridor is now confined to just five-six districts, and these regions are turning into growth hubs

Rupam Roy elected general secy of All-India State Bank Officers' Federation

All-India State Bank Officers' Federation (AISBOF) on Sunday said members of the union have elected Rupam Roy as its general secretary for a period of three years. The election took place at the union's 29th Triennial General Council held at Hyderabad, AISBOF said in a statement. In the elections held on Sunday, Arun Kumar Bishoyi and Rupam Roy were re-elected unanimously as president and general secretary of AISBOF for the triennial period 2025-2028, reaffirming the overwhelming confidence of the membership in their leadership, it said. Several important resolutions were adopted to strengthen the Federation's role in protecting the interests of its members in general and the society at large, it said. The event was also graced by SBI managing director Vinay M Tonse and Kishore Kumar Poludasu Deputy Managing Director (HR), it added.

GMR Hyderabad International Airport acquires 70% stake in Logistics Park

GMR Airports Ltd on Thursday said its subsidiary GMR Hyderabad International Airport Ltd has completed the acquisition of 70 per cent stake in its associate company -- ESR GMR Logistics Park Pvt Ltd. GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly-owned subsidiary of GMR Hyderabad International Airport, already holds a 30 per cent stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL). EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics parks in Hyderabad. For the transaction, GMR Hyderabad International Airport had entered into a share purchase agreement with other shareholders. "... Upon fulfilment of conditions precedent, the process of transfer of share and exchange of consideration between the GHIAL and ESR Group has been concluded," GMR Airports said in a regulatory filing on Thursday. According to a filing made on May 21, GHIAL was to buy the 70 per cent stake in ESR GMR Logistics Park Pvt Ltd for a little over Rs

Viral video: Woman drives car on railway track near Hyderabad, train movement disrupted

Viral video: Woman drives car on railway track near Hyderabad, train movement disrupted

France's Safran to set up Rafale engine maintenance unit in Hyderabad

The upcoming unit, named Safran Aircraft Engine Services India, will specifically handle the maintenance, repair, and overhaul of M88 engines used in the Dassault Rafale aircraft

Utopia secures $1.5 mn from Whale Tank to develop obesity vaccine

Hyderabad-based biotech Utopia Therapeutics raises seed funding from Whale Tank to accelerate preclinical work on its novel immunotherapy vaccine targeting obesity