Page 9 - Hyderabad

Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in FY25

South India-based real estate developer Sumadhura Group on Friday said it is eyeing over three-fold growth in its turnover for 2024-25 to Rs 5,000 crore, mainly aided by new offerings. Sumadhura Group, with a 30-year legacy, also announced a new logo and tagline "Foundation of Happiness", a company statement said. According to the statement, this new identity reflects the contemporary image that aligns with Sumadhura's current growth, resonates with the target markets, and strengthens the group's position in the competitive landscape. Sumadhura Group CMD Madhusudan said, "Sumadhura group scaled up the offerings in 2024-2025 with a target of 5,000 crore projected turnover from the residential sector from Bangalore and Hyderabad on the back of aggressive launches. In 2023-24, we sold real estate worth 1,500 crore". The commercial and warehousing offerings will be over and above the residential segment, adding to the overall portfolio and scale of group operations, he added. The new

Malaysia-bound flight returns back to Hyderabad due to technical snag

The Boeing 737-800 aircraft departed at 12:45 am from Hyderabad and was scheduled to land at Kuala Lumpur International Airport at 7:10 am but it returned back around 4 am due to technical reasons

Unauthorised structures at ex-CM Jagan's residence in Hyderabad demolished

The Greater Hyderabad Municipal Corporation (GHMC) on Saturday demolished certain structures on pavement adjacent to the Lotus Pond residence of former Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy here. The demolition works were carried out 10 days after Reddy stepped down as chief minister of the neighbouring state. According to a senior official of GHMC, the civic authorities removed the structures abutting the compound wall to carry out tiling work on the pavement at Jagan's residence. The structures were being used by security personnel, he said. An earthmover was used to remove the structures. A senior official of the GHMC's town planning department told PTI that they have informed the concerned persons at Jagan's residence to remove the structures six months ago to carry out the footpath work. "We have been telling them to remove the structures to facilitate footpath work. The residents of the colony have also complained about the encroachment of the footpath which c

Union min G Kishan Reddy holds 1st review meeting of coal, mines ministries

Union Minister G Kishan Reddy has reviewed both the coal and mines ministries after taking charge. "Held a detailed review meeting of the Ministry of Mines ( @MinesMinIndia) in New Delhi," he said on Friday in a post on X (formerly known as twitter). Reddy on Thursday took charge as coal and mines minister and said that India should increase domestic production of the fossil-fuel and reduce coal imports. The minister of state for coal and mines Satish Chandra Dubey and other officials of the mines ministry were also present during the meeting. In another post, the minister said, "Chaired 1st review meeting of the Ministry of Coal after taking charge in New Delhi." Reddy on Thursday told reporters that India should increase domestic coal production and reduce import of fossil fuel. India's coal import rose by 7.7 per cent to 268.24 million tonnes (MT) in FY '24. Reddy further said 10 years ago there was a coal shortage in the country and due to this there was also a shortage of ..

Suven Pharma to acquire 67.5% stake in Sapala Organics for Rs 229.5 cr

Suven Pharmaceuticals on Thursday said it will acquire 67.5 per cent stake in Hyderabad-based Sapala Organics for Rs 229.5 crore. The company, which is one of the country's largest integrated contract development and manufacturing organisation players, has entered into a definitive agreement for investment in Sapala Organics, it said in a regulatory filing. Suven will acquire a 67.5 per cent stake for a consideration of Rs 229.5 crore, subject to customary working capital and net debt adjustments, it added. The company stated that it expects to complete the acquisition of the remaining equity stake in the target firm after FY2026-27, subject to the completion of customary closing conditions. Sapala has a presence in the fast-growing, Oligo and nucleic acid building blocks segment. "We see massive potential given it's a niche technology in the rapidly growing space. Nucleic acid based therapy targets diseases at a genetic level and has the potential to help patients immensely and c

SpiceJet halts Hyderabad-Ayodhya flights, less than 2 months after launch

SpiceJet has discontinued direct flights between Ayodhya and six other cities amid tourism decline in the city

Moving beyond coding, Hyderabad to focus on innovation: T'gana IT minister

Telangana aims to leverage its booming IT sector's strengths to help India achieve its goal of becoming a USD 10 trillion economy, the state's information technology minister Duddilla Sridhar Babu has said. Over some time, our industrial and information technology expertise has grown. We are not only for coding but we are also for product development. We also have the talent to build great products from our base stations. So, the time has come to take the leverage, Babu, who is also Telangana's Industries and Commerce and Legislative Affairs told PTI here in an interview. The senior minister is currently on a trip to the US to engage with industry leaders and attract investments from the United States. He pointed out that Hyderabad has historically contributed significantly to global tech advancements, with much of the coding work for tech giants like Microsoft, Google, and Amazon originating from the city, a top IT minister from Telangana has said the state government is now focusi

'Unhygienic, dusty' Blinkit warehouse in Hyderabad under FSSAI scanner

Zomato-owned Blinkit's one of the warehouse premises located Hyderabad were found in violation of multiple norms during a raid on June 5, the Commissioner of Food Safety, Telangana said

Chandrababu Naidu, credited for Cyberabad, logs into power again in Andhra

Veteran politician set to be chief minister again, will likely play crucial role in national politics

SP Group backed platform sells Hyderabad project for Rs 2,200 crore

An investment platform co-owned by debt-laden Shapoorji Pallonji Group has sold its stake in a Hyderabad commercial real estate project for Rs 2,200 crore, sources said on Wednesday. Singapore's GIC is said to have bought the stake in the TSI Business Parks (Hyderabad) Pvt Ltd, the sources said. SPREF II, the investment platform owned by Shapoorji Pallonji Group and German insurer Allianz, acquired a controlling stake in TSIBPH in December 2019. TSIBPH owns Waverock, an IT special economic zone in Gachibowli in Hyderabad with a gross leasable area of about 2.4 million sq ft, as per a statement. "The securities held by SPREF II in TSIBPH have been purchased by a joint venture of global institutional investors, marking one of the largest transactions in Indian real estate in FY24-25," the statement said. However, the quantum of money coming into the SP Group was not immediately clear because its stake in the investment platform SPREF II could not be ascertained. "This transaction .

South India office market on the fast lane driven by IT sector, GCCs

Real estate management firm JLL reports that the combined share of southern cities in India's annual net absorption has remained between 54-56 per cent during 2022 and 2023

Bengaluru, Hyderabad see jump in IT sector job opportunities in Apr: Report

Even as overall job opportunities in the IT sector declined by 3.6 per cent nationwide, openings gained traction in technology hubs Bengaluru and Hyderabad that saw a growth of 24 per cent and 41.5 per cent, respectively, during April, a report said on Friday. According to data from Indeed, job postings in the IT sector have increased by 41.5 per cent in Hyderabad and 24 per cent in Bengaluru, highlighting the growing prominence of these cities as top destinations for IT professionals. There has also been a significant growth in job clicks, with a 161 per cent rise in job seeker interest in Hyderabad and an 80 per cent increase in Bengaluru, the report added. Overall, there has been a decrease in IT job opportunities nationally, with job postings declining by 3.6 per cent, indicating that tech companies are being cautious in hiring due to the uncertain global economic climate, said the report. The report is based on data related to job postings and job clicks on Indeed's platform i

F1 visa: US consulate in Hyderabad extends student visa season to August

US F1 visa: In the online petition, students claimed that 10,000 F1 (student visa) slots that opened post-midnight Sunday were booked within five minutes, leaving them stranded in the portal's waiting

Rapido offers free rides to voters on May 13 in Hyderabad, 3 other cities

Rapido, India's foremost commute app, on Monday said it pledges to provide free bike taxi, auto and cab rides to voters across Hyderabad and also Karimnagar, Khammam and Warangal on May 13, the polling day. Rapido is joining hands with the office of the Chief Electoral Officer to further encourage people to vote in the biggest festival of democracy. To that end, Rapido organised an event to raise voter awareness at the Lal Bahadur Shastri (LB) Stadium here in which was graced by the presence of Vikas Raj, CEO. On election day, voters can avail free rides on the Rapido app using the code 'VOTENOW' and get a free ride to exercise their democratic right. The initiative aims to facilitate residents' voting rights and ensure a more inclusive electoral process, the release said. This concerted effort aligns with Rapido's nationwide campaign, deploying over 10 lakh captains across more than 100 cities to provide free rides on election day, it further said. Rapido's Co-founder Pavan ...

Watch: Hyderabad man sets Lamborghini on fire amid a financial dispute

The perpetrator claimed that the owner of the Rs 1 crore luxury car owed him money

We will continue to oppose CAA, no alliance in Telangana, says Owaisi

He expressed confidence of party candidates doing well in the Lok Sabha polls

EC takes care of electoral rolls, not me: Owaisi on bogus votes allegation

Rejecting BJP Hyderabad Lok Sabha candidate K Madhavi Latha's allegation of about six lakh bogus votes in the constituency, AIMIM president Asaduddin Owaisi on Saturday said the Election Commission takes care of the issue of voters' lists. Owaisi, who is seeking re-election from Hyderabad constituency, wondered what his role was in the matter. The AIMIM leader said the process of addition of names and publication of final voters' list is carried out every year by the Election Commission which he does not head. He was responding to a query from reporters about Madhavi Latha's charge that Owaisi wins with the help of the six lakh bogus votes The allegation amounts to "abusing" the Election Commission, he added. "By speaking like this, you are insulting Hyderabad electorate, which includes brothers from backward class and Dalits, minority Muslims, Christians who are going out to vote. Because of their votes, every party is getting votes and AIMIM is successful," he told reporters. A

'Customer queries for water-related services rise in Bengaluru, Hyderabad'

Key urban cities like Bengaluru and Hyderabad saw a sharp rise in customer queries for water-related services due to severe water scarcity, according to a report on Friday. Bengaluru experienced a 101 per cent surge while Hyderabad saw a 56 per cent jump in consumer queries related to water resources, suggesting that these two major metropolises are severely impacted by water scarcity, the report by local business search engine Justdial revealed. The recent El Nino phenomenon has further compounded the issue, leaving a significant portion of the country reeling under severe drought conditions, it said. The India Meteorological Department (IMD) has also issued warnings of a hotter and drier summer this year, attributing it to the El Nino effect, it noted. There has also been a significant rise in searches for water-related services in other major cities like Pune (31 per cent), Mumbai (11 per cent), Ahmedabad (7 per cent), Chennai (6 per cent), Delhi (3 per cent), and Kolkata (3 per

Homes priced above Rs 1 cr corner highest share ever in total sales: Report

Those priced below Rs 50 lakh record dip in sales in January-March quarter: Knight Frank

Cong to release manifesto on Apr 5; hold rallies in Raj, T'gana next day

The Congress will release its manifesto for the Lok Sabha elections here on April 5 with its top leaders addressing mega rallies in Jaipur and Hyderabad the next day. "After vast deliberations with people from across the country, the Congress will be releasing its vision document, the manifesto, on 5th April at AICC headquarters. Subsequently, we will hold two Mega Rallies on 6th April - in Jaipur and Hyderabad," AICC general secretary K C Venugopal said in a post on X. In Jaipur, he said, Congress president Mallikarjun Kharge, Congress parliamentary party chairperson Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra will release the manifesto and address mega rallies. "Rahul ji will also be addressing the manifesto launch mega rally in Hyderabad. Our focus has always been on giving the country a welfare oriented, pro-development vision and that will be presented to the people for this election as well," Venugopal also said. The party's election manifesto will focus on 'Paanch .