Page 6 - Hyderabad

Formula E cancels Hyderabad E-Prix, alleges breach of contract by govt

Formula E has announced the cancellation of the Hyderabad E-Prix, alleging a contract breach by the new Telangana government. The second Formula E race in India was slated to be held on February 10. Formula E has alleged a breach of contract by the Municipal Administration and Urban Development Department (MAUD) that falls under the control of Telangana government. "The cancellation comes following a decision by the Municipal Administration and Urban Development Department (MAUD), under the control of the Government of Telangana, not to fulfil the Host City Agreement signed on 30 October 2023," Formula E said in statement on Friday. The inaugural electric race in the country was held in February last year with Telangana's then IT Minister KT Rama Rao playing a huge role in bringing the race to Hyderabad. However, KTR's BRS party lost the state election to Congress in December and the new government has not shown the same willingness to host the race. "Formula E Operations (FEO) h

Chennai sees record office space demand in 2023; leasing up 61%: CBRE

Chennai has achieved an all-time high demand for office space in 2023 calendar year at 10 million square feet on better demand from corporates, according to CBRE. Real estate consultant CBRE on Thursday said that the leasing of office space in Chennai grew 61 per cent to 10 million square feet in 2023 as against 6.2 million square feet in the previous year. Overall, the office market across nine major cities witnessed a gross absorption of 61.6 million square feet during 2023, registering a growth of 7 per cent from 57.8 million square feet in the previous year. This marked a 4-year high leasing activity after it touched the peak in 2019 with 65 million square feet. BFSI (Banking, Financial Services and Insurance) firms led leasing activity with 22 per cent share in 2023, followed by technology companies (21 per cent), engineering & manufacturing companies (15 per cent), and flexible space operators (14 per cent), the consultant highlighted. "In 2023, the global economy, while ...

Amid fuel crisis, Zomato agent rides horse to deliver food in Hyderabad

A Zomato agent in Hyderabad took the streets by storm, not on a motorbike, but on a horse, to deliver orders amid the fuel crisis

Truckers' protest: Long queues at fuel pumps in T'gana amid shortage fear

Long queues were witnessed at petrol pumps in several parts of Hyderabad on Tuesday as people thronged them fearing shortage of fuel amid a protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists. As a large number of motorists gathered at the fuel outlets for petrol and diesel, the queues spilled over to the main roads, resulting in traffic jams at several places for some time, though it was brought under control by evening, police officials said. "(Fuel) availability is there. People are apprehensive that due to the agitation by truck drivers, it may not be available and they are going to petrol pumps in large numbers, following which queues were formed and subsequently spilled over to the roads resulting in traffic jams initially," a senior police official said. A petrol retail outlet owner told a TV channel that fuel supply to petrol pumps in the city was indeed hit by to the truck drivers' protest since ...

Hyderabad airport among global airports with highest on-time performance

The airports at Hyderabad and Bengaluru have been ranked second and third among the top ten global airports in terms of operational performance and punctuality, according to a report released on Tuesday. In the 2023 On-Time Performance (OTP) Review prepared by aviation analytics firm Cirium, there are a total of three Indian airports -- Hyderabad, Bengaluru and Kolkata -- and one Indian carrier -- IndiGo. With an OTP of 84.42 per cent, Rajiv Gandhi International Airport is at the second spot in the global airports as well as large airports categories. Kempegowda International Airport is at the third position in both the segments with an OTP of 84.08 per cent, Cirium said. Minneapolis-St. Paul International Airport in the US has topped both the lists with an OTP of 84.44 per cent. In the medium airports category, Netaji Subhash Chandra Bose airport in Kolkata is ranked ninth with an OTP of 83.91 per cent. The medium airports category is topped by Osaka International Airport in Japa

Formula E raises new 'concerns', cites schedule and operational challenges

Formula E has raised fresh concerns over its race in Hyderabad, saying it might not be able to go ahead with the round scheduled for February 10 following the latest communique from the new Telangana government. The inaugural electric race in the country was held in February this year with then IT Minister KT Rama Rao playing a huge role in bringing the race to the city. However, KTR's BRS party lost the state election to Congress in December. Considering the operational challenges involved in hosting the first race, Formula E had dropped Hyderabad from the provisional calendar before including it in the final calendar in October. The change of guard has put them in a tough spot with the Congress government's letter to Formula E adding to its woes ahead of the race in six weeks' time. "Following a recent official communication received from the new Government of Telangana, Formula E is seeking urgent clarification of their contractual commitments under the agreement and how it coul

Gross leasing of office space up 12% this year across 6 cities: Savills

Gross office space leasing rose 12 per cent to a record 62.3 million square feet this year, while fresh supply remained flat across six major cities, according to Savills India. The absorption of office space stood at 55.4 million square feet in the previous year. New supply of office space stood at 53.3 million square feet, as against 53.4 million square feet in the previous year. "Office gross absorption across India's six major cities is recorded at a new all-time high of 62.3 million square feet in 2023, registering a 12 per cent growth over last year," Savills said in a statement. Bengaluru saw a decline of 10 per cent to 15.6 million square feet this year, from 17.3 million square feet in the previous year. "Mumbai saw record leasing activity at 10.1 million square feet owing to large transactions by tech and consulting occupiers. Gross absorption increased by 51 per cent compared to 2022," Savills said. Delhi-NCR saw similar absorption levels as last year at 11.3 million s

Apple supplier Foxconn officials call on CM Revanth Reddy in Hyderabad

A delegation of Taiwan-based contract manufacturer Foxconn on Tuesday met Telangana Chief Minister Revanth Reddy who assured them the required support for the operations of its manufacturing centre at Kongara Kalan near here. A press release from the CMO said the state government will also extend all necessary support to upcoming projects which are being undertaken by Foxconn. Foxconn Group, which will be investing USD 550 million in Telangana, entered into an agreement with the state government in March this year assuring them to create one lakh jobs by setting up an electronics manufacturing unit. In the first phase, the company will provide 25,000 jobs in the next two years. The firm held a groundbreaking ceremony in May for the facility to make Apple AirPods. The proposed electronics manufacturing facility at Kongara Kalan near here is a milestone for the Taiwanese firm's global expansion strategy diversifying its global manufacturing base, a press release had earlier said. T

Office demand jumps 92% in Oct-Dec in top 6 cities in 2023: Colliers

Office space demand surged 92 per cent during October-December period across six major cities on better demand of workspace from corporates and coworking operators, according to Colliers India. Real estate consultant Colliers India report shows that gross leasing of office space stood at 20.2 million square feet in the fourth quarter of this calendar year from 10.5 million square feet in the year-ago period. Helped by strong demand during the December quarter, the total leasing of office space rose 16 per cent to 58.2 million square feet during the 2023 calendar year from 50.3 million square feet last year. Colliers tracks office demand and supply of 6 cities -- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune. Gross leasing or absorption does not include lease renewals, pre-commitments and deals where only a letter of intent has been signed. According to the data, the office space leasing in Bengaluru rose 58 per cent to 5.5 million square feet during October-December .

Ride-hailing firm Yaary launches on ONDC for Hyderabad auto, taxi drivers

"Yaary facilitates peer-to-peer transactions between customers and service providers with 0% commission, charging only a nominal SaaS fee to service providers," the ONDC-backed firm said

Biryani most ordered dish in 2023 on Swiggy for the eighth year in a row

India ordered 2.5 biryanis per second in 2023, and on the day of the World Cup 2023 finals, on November 19, India ordered 188 pizzas per minute

MLA Akbaruddin Owaisi takes oath as Pro-tem Speaker of T'gana Assembly

The oath was administered by Telangana Governor Tamilisai Soundararajan. Telangana Chief Minister Revanth Reddy was also present on the occasion

LIVE: Supreme Court to deliver verdict on scraping of Article 370 on Dec 11

Catch all the latest news LIVE updates from across the globe

FedEx Express sets up tech hub in Hyderabad, invests $100 mn in facility

FedEx Express, an arm of New York Stock Exchange-listed, global express transportation firm FedEx Corp, on Tuesday inaugurated its first tech hub in India at Hyderabad, set up at an investment of USD 100 million. Envisioned as a hub for technological and digital innovation, the facility is aligned with the Telangana government's strategic emphasis on nurturing a thriving pool of tech talent, the company said in a statement. In addition to boosting employment opportunities, it will also contribute to the development of new capabilities and meeting the technological requirements of FedEx operations worldwide, it said. Marking a significant investment of USD 100 million in Hyderabad's economic landscape, FedEx Express inaugurated its first Advanced Capability Community (ACC) in Hyderabad on Tuesday, the company said in the statement. This investment in talent and innovation is part of our broader plan to drive excellence and deliver unparalleled smart logistics solutions worldwide, sa

AIMIM retains its 7 seats, continues to hold sway in Old City of Hyderabad

The Asaduddin Owaisi-led All India Majlis-E-Ittehadul Muslimeen (AIMIM) continued to hold sway over its traditional bastion of the Old City of Hyderabad as it retained the seven seats held by it in the outgoing Telangana Assembly on Sunday. AIMIM candidates won from seven out of the nine seats it contested in the Telangana assembly election. The party, which has held on to these seven segments in the outgoing assembly, has been winning from these seats since 2009. Akbaruddin Owaisi, younger brother of AIMIM president and Hyderabad MP Asaduddin Owaisi, registered an emphatic win in Chandrayangutta seat, his sixth in a row since 1999, with a margin of 81,660 votes. Akbaruddin polled 99,776 votes while his nearest rival got 18,116 votes. In Malakpet, Ahmed Bin Abdullah Balala won his fourth straight term with a majority of 26,106 votes against his nearest Congress rival Shaik Akbar while Jaffar Hussain emerged victorious from Yakutpura by a margin of just 878 votes against Majlis Bac

SP declares highest assets among regional parties, BRS second: ADR

Samajwadi Party declared the highest assets among regional parties in the year 2021-22, followed by the Bharat Rashtra Samithi, a report by a democratic reform think tank said. According to Association for Democratic Reforms, during the financial year 2020-21, SP declared assets totalling Rs 561.46 crore, which increased by 1.23 per cent to Rs 568.369 crore in 2021-22. The party was followed by BRS which declared total assets of Rs 319.55 crore in FY 2020-21 and Rs 512.24 crore in FY 2021-22. Between the two years, the total assets of DMK, BJD, and JD(U) increased by 95 per cent. The Dravida Munnetra Kazhagam declared assets worth Rs 115.708 crore in 2020-21, which increased by 244.88 per cent to over Rs 399 crore in 2021-22. The Biju Janata Dal had declared assets worth over Rs 194 crore in 2020-21, which increased by 143 per cent to Rs 474 crore in 2021-22, while JD(US) declared assets worth Rs 86 crore in 2020-21, which went up by over 95 per cent to Rs 168 crore in 2021-22. I

IT industry icon Pai's post on Hyderabad elicits rebuke from Priyank Kharge

Information Technology industry veteran T V Mohandas PaI's post on social media about Hyderabad's potential in dethroning Bengaluru from its exalted IT city status, has elicited a rebuke from the state government with Minister Priyank Kharge stating that it has become a habit for some people to speak taking an anti-Karnataka stand. Kharge, the Minister for IT & BT, on Wednesday said, not a single company, which has come to the negotiation table of the Government of Karnataka, has left the state. Pai earlier today in a post on 'X' tagging Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar said, "Will Hyderabad Dethrone Bangalore's IT Status? Continued neglect of Bengaluru by successive govts over last 10 years has led to this. Hope govt shows more energy to improve city." Interestingly the tweet came on a day, when the city is hosting the 'Bengaluru Tech Summit (BTS)', the annual global tech event promoted and organised by the state government. "I feel that ...

Telangana polls: Schools, colleges in Hyderabad to be closed until Nov 30

The district collector of Hyderabad, Anudeep Durishetty announced the holiday for all educational institutions in Hyderabad

Rapido offers free rides to 2,600 polling booths in Hyderabad on Nov 30

Ride-sharing platform, Rapido on Monday announced the launch of free rides to over 2,600 polling stations in the city on November 30, to help voters. A press release from the firm said, the initiative reflects Rapido's commitment to boosting voter turnout in Telangana, particularly among its predominantly young user base. Rapido's Co-founder Pavan Guntupalli, said India's democracy is its biggest highlight, and we are proud to be the disruptors in making every vote count. We urge people to participate in greater numbers to cast their vote without worrying about transportation. By facilitating free bike rides on Election Day, we intend to encourage citizens to exercise their right to vote. Recognizing transportation as a critical factor in voter participation, Rapido's offer of free rides aims to boost widespread participation in the election process, ensuring that many can actively partake in the festival of democracy, the release added.

Will rename Hyderabad as Bhagyangar if BJP comes to power: Kishan Reddy

Union Minister and Telangana BJP president G Kishan Reddy on Monday said Hyderabad would be renamed as 'Bhagyanagar' if his party comes to power in the state. Reddy, who spoke to reporters here, said the names of cities like Madras, Bombay and Calcutta have been changed. "Yes. Definitely, if the BJP government comes to power, (we) will change the name of Hyderabad. I am asking who is Hyder? Do we need the name of Hyder? Where has Hyder come from? I am asking who needs Hyder. If BJP comes to power, definitely, (we) will remove Hyder and change the name as Bhagyanagar," he said. Why should the name not be changed, he asked. The name of Madras has not been changed to Chennai by the BJP but by the DMK government, he said. What is wrong with changing the name of Hyderabad to Bhagyanagar when Madras has been renamed as Chennai, Bombay as Mumbai, Calcutta as Kolkata, Rajpath as Kartavya Path, he said. "We will completely change all those which reflect the slavish mentality if BJP comes