Page 6 - Hyderabad

Centre pledges Rs 488 crore for enhanced power grid resilience in Telangana

The Centre on Friday assured support to Telangana to enhance the "resilience of the power grid" and ensure reliable electricity supply across the state. As per an official statement Friday, Union Minister for Power Shi Manohar Lal has assured support for nine new schemes under the Power System Development Fund with a total investment of Rs 488 crore. During a review meeting held with the Chief Minister of Telangana and state officials, the Minister emphasized the importance of the state government liquidating its legacy government department dues to be paid to DISCOMs as per the committed trajectory and for ensuring timely payment of current dues, Ministry of Power said in a statement. "The Minister assured support for nine new schemes under the Power System Development Fund, with a total investment of Rs 488 crore, aimed at enhancing the resilience of the power grid and ensuring reliable electricity supply across the state of Telangana," it said. To assist this, Lal said the Centr

CapitaLand announces Rs 450 cr investment in new IT park in Hyderabad

CapitaLand Group, a real estate investment and development company headquartered in Singapore, has announced a Rs 450 crore investment to develop a state-of-the-art 1 million square foot IT park in Hyderabad. The announcement was made following a high-level meeting in Singapore, attended by Telangana Chief Minister A Revanth Reddy, IT Minister D Sridhar Babu, state officials and senior CapitaLand executives, including CapitaLand India Trust Management Pte. Ltd CEO & ED Gauri Shankar Nagabhushanam, according to an official release on Sunday. Chief Minister Revanth Reddy welcomed the investment decision and described it as a milestone in reinforcing Hyderabad's position as a leading business and technology hub. The upcoming project is part of CapitaLand's broader development pipeline in Hyderabad. This new project will cater to the increasing demand from Global Capability Centers (GCCs) and blue-chip companies seeking premium facilities, it said. Gauri Shankar Nagabhushanam said: ..

Court relaxes Allu Arjun's bail conditions, allows him to travel abroad

In a major relief to actor Allu Arjun, a court here has relaxed the conditions of his bail in the 'Pushpa 2' stampede case, exempting him from appearing before the investigating officer every Sunday. The court also permitted him to travel abroad to specified countries, with the condition that he must undertake to appear before the SHO of the Chikkadpally police station as and when required. He has been directed to inform the SHO of his travel schedule for each trip and provide details of his place of stay in the destination country until the charge sheet is filed. The remaining bail conditions remain unchanged, the court noted in its order dated January 10. The court's decision followed a petition filed by the actor seeking relaxation of the bail conditions. Previously, while granting regular bail to Allu Arjun on January 3, the court had instructed him to appear before the investigating officer every Sunday between 10 am and 1 pm for two months or until the filing of the charge .

US pharma major Eli Lilly to establish second Indian GCC in Hyderabad

Company plans to employ 1,000-1,500 skilled professionals; GCC to focus on automation, AI

Eli Lilly to set up global capability centre in Hyderabad, hire 1K people

Pharma major Eli Lilly and Company on Thursday said it plans to establish a new global capability centre in Hyderabad and hire over 1,000 people to strengthen its digital strategy and service delivery. The Hyderabad global capability centre (GCC) will be known as Lilly Capability Centre India (LCCI) Hyderabad and will initially focus on expanding Lilly's capabilities in automation, artificial intelligence, software product engineering and cloud computing to deliver advanced technology solutions that meet the evolving needs of Lilly's business worldwide, the Eli Lilly and Company (Lilly) said in a statement. Lilly will be recruiting more than 1,000 highly-skilled team members to strengthen the company's digital strategy and service delivery, it added. The company further said it plans to employ around 1,000 to 1,500 highly-skilled professionals including technology engineers and data scientists. Recruitment for the new site is underway, and the centre is expected to be operational b

Formula E race corruption case: BRS leader Rama Rao appears before ACB

Ahead of his appearance before the Anti-Corruption Bureau, BRS Working President K T Rama Rao on Thursday said his agenda when he was minister in the previous regime was to make Hyderabad a pivotal hub for sustainable mobility as the world transitions towards it and Formula-E race was a part of that ambitious vision. Rao, also known as KTR, was summoned by the ACB for questioning in a case related to "unauthorised" payments to conduct Formula E race, on Thursday at 10 AM. "Worked tirelessly for bringing a prestigious event to India, to enhance the Brand image of Hyderabad & Telangana globally Agenda was to make Hyderabad a pivotal hub for sustainable mobility as the world transitions towards it. Formula-E race was a part of the effort to realise this ambitious vision," he said in a post on 'X'. He further said the intent was to make TMV (Telangana Mobility Valley) clusters the epicentre for innovation, research and manufacturing of electric vehicles creating employment and ...

United Breweries suspends supplies to Telangana Beverages Corporation

The stock price of United Breweries closed 4.09 per cent lower in Wednesday's trade to end at Rs 1,990.50 per share on NSE.

Brigade Group's mixed-use project in Hyd targets Rs 3,300 cr in home sales

The project spans approximately 10 acres and is designed to be Hyderabad's most integrated lifestyle mixed-use development

Brigade Group to invest about Rs 4,500 crore in Hyderabad project

Realty firm Brigade Enterprises Ltd will invest around Rs 4,500 crore to develop an integrated 10-acre housing and commercial project in Hyderabad to expand the business to encash strong demand for luxury homes and premium office-retail spaces. Bengaluru-based Brigade Enterprises launched its new mixed-use project 'Brigade Gateway' on Wednesday at Neopolis Kokapet, Hyderabad. "We will develop a 45 lakh square feet mixed-use project in Hyderabad, of which around 25 lakh square feet will be luxury homes," the company's Executive Director Amar Mysore told PTI. Asked about project cost, he said the total investment in land and construction will be around Rs 4,500 crore. The investments will be met through equity, collections from customers against sales and construction finance. Elaborating on the project, Mysore said the company will build 600 flats in this project. Initially, it plans to sell half of it in a price range of Rs 4 crore to Rs 12 crore each. The company will also devel

Main accused in journalist Mukesh Chandrakar's murder arrested in Hyderabad

Suresh Chandrakar, a contractor and the alleged mastermind behind the crime, was arrested on Sunday, Bastar Police confirmed

Hyderabad is a global city with many investment opportunities: CM Reddy

Chief Minister said that his government is taking up mega projects including the Musi Rejuvenation project, Metro rail expansion, Future City, AI City, Skills University, Sports University, and others

T'gana in 2024: Caste survey begins, Allu Arjun in soup over fatal stampede

The first Congress government in Telangana kicked off implementation of its poll promises, including the path-breaking caste census, during 2024, but its ambitious projects of Musi river redevelopment and development of a 'future-ready city' on Hyderabad outskirts would not be easy as they require massive funds, besides posing other challenges in execution. The Telugu film industry whose fame soared following the success of mega films like 'RRR' came under pressure at home during the year in the aftermath of the 'Pushpa-2' stampede on December 4, where a woman was killed and her son seriously injured. At a meeting with Telugu cinema industry representatives post the Allu Arjun episode, Chief Minister A Revanth Reddy made it clear law and order was supreme and that the movie world was no exception to it. The Congress government which assumed power last year, began implementation of the party's poll promises and 'guarantees', including Rs 21,000 crore crop loan waiver, besides the cas

ED summons BRS leader KT Rama Rao in money laundering case on Jan 7

The Enforcement Directorate has summoned Bharat Rashtra Samithi leader KT Rama Rao and some others for questioning next month in a money laundering case linked to alleged payment irregularities during a Formula-E race held in Hyderabad in February 2023, official sources said on Saturday. The federal agency filed an enforcement case information report (ECIR) or FIR last week in the case under various sections of Prevention of Money Laundering Act (PMLA), taking cognisance of a Telangana Police Anti-corruption Bureau (ACB) complaint. Bharat Rashtra Samithi (BRS) working president and son of former Telangana chief minister K Chandrashekhar Rao, Rama Rao has been asked to depose for recording of his statement on January 7, the sources said. Senior IAS officer Arvind Kumar and retired bureaucrat and former Hyderabad Metropolitan Development Authority (HMDA) chief engineer BLN Reddy have been summoned on January 2 and January 3, respectively, they added. The probe against 48-year-old Ram

AIMIM may field 2020 riots accused Shahrukh Pathan in Delhi Assembly polls

However, the All India Majlis-e-Ittehadul Muslimeen (AIMIM) has not made any decision on Pathan's candidacy yet

Court grants bail to 6 accused in vandalism at Allu Arjun's house

A group of people claiming to be members of Osmania University Joint Action Committee on Sunday vandalised flower pots and other items at the residence of top Telugu actor Allu Arjun here, demanding justice to the woman who died in 'Pushpa-2' screening stampede. Chief Minister A Revanth Reddy condemned attack and directed the state Director General of Police and the city police commissioner to be tough in maintaining law and order. Police in a release said that one of the protesters who arrived at Allu Arjun's house, mounted the compound wall and started throwing tomatoes. When the security staff objected and persuaded them to get down from the wall, they manhandled the security staff and damaged some flower pots, the release said. The protesters raised slogans for a while and spoke to the media waiting at the gate, it said. When they were informed, Jubilee Hills Police reached the place and took six people into custody. A case has been registered against the six and a few others

CCI conducts surprise raids on liquor giants Pernod, AB InBev in Hyderabad

Liquor companies and retailers in Telangana have been accused of entering into cartel-like agreements to manipulate prices and market shares

Indian REITs Association appoints Alok Aggarwal to drive sector growth

The Indian REITs Association (IRA) has appointed Alok Aggarwal, MD and CEO of Brookfield India Real Estate Trust, as its new Chairman. Established in 2023, the IRA is a non-profit trade organisation that supports the growth and development of India's Real Estate Investment Trust (REIT) sector. Its founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. "Aggarwal's extensive experience in the real estate sector, especially REITs, and proven leadership will help IRA immensely. Under his guidance, we aim to work closely with SEBI to support industry growth, protect investor interests, and uphold high regulatory standards," the Association said in a statement. Commenting on his new role, Aggarwal said the role of chairman has come at a time when REITs have established a strong foothold in the Indian capital market and are poised for significant growth. "I look forward to collaborating with industry

'Am a law-abiding citizen, will cooperate': Allu Arjun walks out from jail

After spending the night in a local prison after being arrested in connection with the death of a woman in a stampede during the premiere of his latest film, , actor Allu Arjun walked out of jail on Saturday following an interim bail granted by the Telangana High Court. Arjun had to spend Friday night in prison despite the HC relief, as the authorities had not received a copy of the bail order until late last night. "He has been released," Ashok Reddy, his counsel, told reporters at the Chanchalguda prison. Reddy claimed the prison authorities did not release the actor despite having got the High Court order copy. "You should question the government and the department why they have not released the accused. The High Court order is very specific. Forthwith, the moment you (prison authorities) receive the order, ( they should) release him. Despite the clear order, they have not released, they have to answer. This is an illegal detention. We will take legal steps, Reddy said. Accord

Allu Arjun arrested over woman's death in stampede at Pushpa 2 premiere

Allu Arjun was arrested over a stampede at the Pushpa 2 premiere in Hyderabad, which led to a woman's death and her son's hospitalisation

Allu Arjun arrested over stampede at Pushpa 2 screening in Hyderabad

Actor Allu Arjun has been arrested in connection with the stampede at the premiere of his film Pushpa 2 in Hyderabad on December 4.