Page 4 - Hyderabad

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 .

Hyderabad Mayor Vijaya Laxmi joins Congress to help party in LS polls

In a shot in the arm for the Congress in Telangana, Greater Hyderabad Municipal Corporation (GHMC) Mayor Vijaya Laxmi R Gadwal joined the party here on Saturday. Vijaya Laxmi joined Congress in the presence of Chief Minister A Revanth Reddy, AICC incharge of party affairs in Telangana Deepa Dasmunsi and other leaders. Vijaya Laxmi joining Congress is expected to help the party in the GHMC limits in the Lok Sabha polls. The Congress did not win any of the 24 seats that fall under the limits of GHMC in the recent Assembly polls, though it won a majority. Vijaya Laxmi's father and BRS Rajya Sabha member K Keshav Rao, who had served as PCC president earlier, said on Friday that he would return to the Congress fold. Keshav Rao met the CM and state Congress chief Revanth Reddy on Friday. Noting that he worked in the grand old party for 55 years, the 85-year-old leader said he would do 'ghar vapsi' (returning to home). Asked if he is quitting BRS due to any differences with the region

IPL 2024 - most runs to most sixes: SRH vs MI match breaks many T20 record

The aggregate total of 523 runs combining Sunrisers Hyderabad's 277 and Mumbai Indians' 246 is the most number of runs ever recorded in in T20 match in the history of cricket

Co-working spaces set to expand capacity in 12-24 months as demand rises

WeWork plans to inaugurate its first building in Chennai in early June. Currently, the company is spread out across 54 locations with more than 90,000 desks across seven cities

Barring agony, fear, nothing done by Owaisi for Hyderabad: BJP candidate

BJP's rookie contestant, 49-year-old K Madhavi Latha, is unperturbed by sitting Hyderabad MP and AIMIM leader Asaduddin Owaisi's "larger than life image," and claims all he has given to the constituency is agony, fear and injustice. A classical dancer and entrepreneur, the 49 year-old Latha is set to take on Owaisi in his stronghold in the May 13 General Elections. In an interview to PTI, she lambasted the AIMIM chief for the alleged lack of development in the constituency though he has been representing it since 2004. She is not perturbed by the larger than life image of the strident BJP critic in the constituency. Asked how she takes on her main rival Owaisi as she is a new entrant into politics, she shot back, asking what kind of an image does Owaisi have. "You say larger than life image. It matters what kind of an image. If you have a larger than life, a negative image, it doesn't require more than a pebble to shatter it. For example, if you have made a cascade with playing

Shree Cement enters ready mix concrete segment with 1st greenfield project

Shree Cement, one of the top three players in the segment, on Friday announced entry into the ready mix concrete (RMC) segment with the commissioning of its first greenfield in Hyderabad. The new RMC plant has a capacity of 90 cubic metres per hour and would help the Bangur family-promoted firm to emerge as a multi-product player in the cement business, as per a company statement. "As part of this strategy, Shree Cements had acquired five operational plants of StarCrete LLP in Mumbai earlier this month for a consideration of Rs 33.5 crore. The company's combined RMC capacity now stands at 512 cubic metres per hour," it said. Shree Cement Managing Director Neeraj Akhoury said the venture into the RMC segment marks Shree Cement's entry into a new line of business. "We recognise the vast potential of RMC business, which is being driven by India's growth momentum, the concerted efforts of both central and state governments to advance infrastructure projects and an uptick in the housing

BRS leader K Kavitha taken in custody by ED in money laundering case

The Enforcement Directorate on Friday arrested BRS leader K Kavitha in Hyderabad and is bringing her to Delhi for questioning in connection with a money laundering probe linked to the Delhi excise policy scam case, agency sources said. Agency officials raided the premises of the leader in Hyderabad Friday morning and later arrested her. Sources said the BRS leader was arrested and is being taken to Delhi. BRS leader and former Telangana minister Vemula Prashanth Reddy claimed that Kavitha was arrested and being taken to Delhi on a flight at 8.45 pm. He alleged that the move was "pre-planned" and said they would protest against it. BRS working president K T Rama Rao, former minister Harish Rao and a large number of party workers gathered at Kavitha's residence and raised slogans. The Enforcement Directorate had claimed Kavitha was linked to a "South Group" lobby of liquor traders who were trying to play a larger role under the now scrapped Delhi excise policy for 2021-22. The ...

Godrej Properties buys land in Hyderabad for Rs 1,300 cr housing project

This is the company's second land acquisition in Hyderabad, which will take the overall booking value potential added in the city to Rs 4,800 crore

Ahead of LS polls, Shah to address BJP workers' meeting in Hyderabad today

Ahead of the general elections, Union Home Minister Amit Shah will be addressing a meeting of BJP polling booth workers at the LB Stadium here on Tuesday afternoon, party sources said. Titled the 'Polling Booth Sammelan', Shah will head to the meeting after offering prayers at the Bhagyalakshmi temple in Charminar here. He is also slated to address BJP's social media warriors meeting at 1 PM, the sources said. Union Tourism Minister and Telangana BJP chief G Kishan Reddy and OBC Morcha president and Rajya Sabha member K Laxman will attend the meeting. This is Shah's second visit to the state after the Assembly polls on November 30 last year. During his earlier visit on December 28 last year, the senior BJP leader had set the party a target to win at least 10 seats and secure 35 per cent vote share in Telangana in the upcoming Lok Sabha elections, party sources had then said. This directive was to better BJP's showing in the 2019 Lok Sabha polls, where they had won four of the 17 se

Tata Technologies inks agreement with Telangana for skill centres

Tata Technologies Limited signed a MoU with the Telangana government to establish "Advanced Technical Skill Training Centres (skilling centres)" in 65 Industrial Training Institutes in the state. An official release said the Tata Group company and the state government signed an agreement under which TTL will upgrade government ITIs as advanced technology centres. Chief Minister A Revanth Reddy held a meeting with the representatives of Tata Technologies at the Secretariat here. Deputy Chief Minister Bhatti Vikramarka, IT Minister D Sridhar Babu, Chief Secretary Santhi Kumari and other officials also participated. The Tata Group company will conduct 9 long-term and 23 short-term courses as well as bridge courses to improve the skills. The State government is making arrangements for the implementation of the project from 2024-2025 academic year, it added.