Page 9 - Hyderabad

Ikea's first Indian outlet in Hyderabad to breakeven soon, says CEO

: Swedish furniture maker Ikea expects its Hyderabad store, the first in the country to achieve operational breakeven soon, the company said on Monday without providing the revenue details. Hyderabad store which was opened in 2018 has witnessed a footfall of three million during the last 12 months period against 2.90 million last year. However, the figures are not comparable as last year and period before that witnessed a lot of movement restrictions due to COVID-19 pandemic. Speaking to media, Ikea India CEO Susanne Pulverer said the firm is exploring different formats of stores in terms of size, to penetrate the market and get closer to people where they live. It would be complemented by online services. I mean when we invest, the first years of investment of this size, it's not profitable and that is common when we foray into new markets. So, of course Hyderabad is the store we are looking and working on to get to break even soon, Pulverer said. She hinted that the store can be

Reliance Retail opens youth fashion retail format with 1st store in H'bad

Leading retailer Reliance Retail on Thursday announced the launch of its youth-focused fashion retail format, Yousta, with the opening of its first store in Sarath City Mall here. A press release from the company said with contemporary technology-enabled store layouts, Yousta offers high-fashion at affordable prices targeted at young consumers. All products, for instance, are priced below Rs 999, with a majority of them priced below Rs 499. Speaking on the launch, Akhilesh Prasad, President and CEO Fashion and Lifestyle, Reliance Retail, said Yousta is a young and dynamic brand that underlines a way of life that will grow and evolve with the youth of this country. "The team will continuously work with India's younger generation to understand their evolving fashion needs. Every day will be 'Day One' in terms of freshness and relevance. Yousta will not only give a voice to the youth but also give them the freedom to express themselves, because for us, they are absolute stars," he ...

World Cup: BCCI tells HCA that no further change in schedule possible

The Indian cricket board on Monday officially turned down the request of the Hyderabad Cricket Association (HCA) to change the ICC World Cup 2023 schedule. The HCA had appealed to the Board of Control for Cricket in India (BCCI) for a change in schedule after the local police authorities expressed their reservations about deploying adequate personnel on back-to-back match days. "BCCI secretary Jay Shah held a meeting with HCA officials in Delhi after the Asia Cup team selection meeting (for which the secretary is convenor) and the state unit was categorically told that no changes would be entertained after a revised schedule was issued on August 9," a BCCI source informed. The BCCI vice-president Rajeev Shukla had already indicated on Sunday that "changes (to the schedule) were unlikely." The World Cup schedule, which was first released on June 27 in Mumbai amidst fanfare, went through a lot of changes with dates and timings of as many as nine games, including the marquee India vs

World Cup: Rajiv Shukla says schedule change not possible on HCA demands

Hosting two World Cup games in as many days is not ideal for organisational as well as security reasons, said a Hyderabad Cricket Association (HCA) official on Sunday but BCCI vice-president Rajeev Shukla was clear that any further tweak in schedule is "unlikely". After a much-delayed schedule announcement in June, the BCCI and ICC rescheduled as many as nine games earlier this month, including the marquee clash between India and Pakistan. With the Indo-Pak fixture in Ahmedabad advanced by a day on October 15, Pakistan's game against Sri Lanka in Hyderabad was moved to October 10 from October 12. The HCA is also hosting New Zealand versus Netherlands on October 9. Now, with Hyderabad police expressing its reservations on providing security for back-to-back games, the HCA had sought another change in schedule, wanting a gap of at least a day between the two games. "I can't say it would be changed for sure but back to back games are not ideal. I mean if they (BCCI) are reconsidering

World Cup: HCA informs BCCI of security challenges for back-to-back games

Hyderabad Cricket Association has alerted BCCI about the challenges that have risen due to late changes in the World Cup 2023 schedule

Bengaluru experiences its second 'zero shadow day' this year on August 18

At 12:24 pm, the sun was directly above Bengaluru, leading to an intriguing phenomenon where shadows almost seem to vanish

Honer Homes launch Rs 3,000 cr gated community project in Hyderabad

City-based construction firm Honer Homes on Thursday announced the launch of a Rs 3,000 crore gated community project here, claimed to be the largest in the city. According to Promoter-Director of Honer Prime Housing Balu Chowdary, 'Honer Signatis' is being developed with 7.8 million sqft built up area housing 3,266 apartments in about 28 acres. As much as nine million sqft (90 lakh sqft) is currently under construction. Projects of about 10 million sqft are currently in the planning stage for future development, Chowdary said in a press conference, speaking about his company's works. The firm has already completed two projects of 3.2 million sqft in the city, he further said. He said Honer Homes is offering its customers a limited time irresistible launch price and hoped that all home seekers would take advantage of it.

Hatsun Agro inaugurates 200th outlet under IBACO brand in Hyderabad

Dairy products maker Hatsun Agro Products has set up its 200th outlet under the premium ice cream brand IBACO in Hyderabad on Wednesday. The store has been set up in Pragathi Nagar, Hyderabad and would offer various flavors including almond crunch, cotton candy, sea salt caramel pecan and Belgian chocolate among others. "IBACO is our brand that started serving ice cream in scoops. We are known for our innovation and out-of-the-box thinking to bring out unique and never tasted before flavours," company chairman RG Chandramogan said. "I am happy that we have reached a milestone with the launch of the 200th outlet," he added. The Chennai-based company has presence in Puducherry, Andhra Pradesh, Telangana, Karnataka, Chhattisgarh, West Bengal, Kerala, Odisha, Goa and Gujarat.

Apple AirPods to be made in India at Foxconn factory in Hyderabad

iPhone maker Apple will start manufacturing its wireless ear buds AirPods at Foxconn's Hyderabad factory, according to sources. Foxconn has approved an investment of USD 400 million for Hyderabad plant which is expected to begin mass production by December 2024. "Foxconn Hyderabad factory will make AirPods. The factory is expected to begin mass production by December," a source told PTI. The information was confirmed by one more source who is privy to the development. An email query sent to Apple and Foxconn did not elicit any reply. AirPods will be the second product category after iPhone that will be made in India. Apple's AirPods leads TWS (true wireless stereo) market globally. It led the global TWS market with about 36 per cent market share in the December 2022 quarter, according to research firm Canalys. Apple was followed by Samsung with 7.5 per cent market share, Xiaomi 4.4 per cent, Boat 4 per cent and Oppo 3 per cent. Xiaomi started making its TWS in India this year

77th Independence Day 2023: From Junagadh to Jodhpur, states that resisted Indian integration

Telangana elections: BRS working on unemployment allowance to lure youth

The government is working on specifying the eligibility criteria to accept applications from unemployed youth with regard to age limit, educational qualification etc

KTR opens Centre of Excellence to support farmers, preserve farm produce

The initiative for promoting sustainable cooling innovation and accelerating the deployment of energy-efficient refrigeration for food and vaccine supply chains was a first in the country, KTR said

Telangana govt employees will earn more than central govt employees: KCR

To implement the revised salaries, a PRC would be announced shortly, Telangana CM K Chandrashekhar Rao said

Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad

Following successful Bengaluru rollout, SoftBank-backed ride-hailing firm expands premium service

Telangana Cabinet approves Rs 60K cr plan for expansion of Hyderabad metro

The Telangana Cabinet on Monday decided to expand the metro rail network in Hyderabad with about Rs 60,000 crore in the next three-four years and, among other decisions, to provide ex-gratia to the kin of 40 people who died during the recent heavy rains in the state. In another key decision, the cabinet meeting, presided over by Chief Minister K Chandrasekhar Rao, decided to recognise the over-43,000 employees of the state-run Road Transport Corporation (RTC) as government staff. Briefing reporters after the cabinet meeting, State Municipal Administration Minister K T Rama Rao said it has been decided to expand metro rail on a large scale to strengthen public transport in Hyderabad. Recalling that the CM had already laid the foundation stone for metro rail between Raidurgam to the airport, he said the metro rail expansion would take place on many routes that connect Hyderabad to its outskirts in various directions. "Altogether, the cabinet approved expansion of metro rail with Rs .

Payments, proper planning must for Hyderabad's return: Formula E co-founder

Timely payments, proper planning and upholding the operational standards of Formula E are among the non-negotiables that Hyderabad promoters will have to deliver if the fully-electric racing championship is to return to India next year, series co-founder Alberto Longo told PTI. Longo does not want to sound rude while talking about Hyderabad's Formula E debut earlier this year but he needs to say a few things bluntly. The race faces an uncertain future after not being included in the provisional calendar for next season. Longo hinted timely payments by promotors -- Greenko -- was an issue even as he praised the support provided by the Telangana state government. IT and Industries Minister K T Rama Rao played a key role in bringing Formula E to India. "The truth is that we are in talks with minister KTR and his team, and the promoter. We had some challenges in the past and I'm sure it will be solved but until everything is solved and sorted out obviously we cannot announce the city bu

Everest DX expands presence in Telangana with inauguration of new office

A senior Telangana government officer on Thursday inaugurated Everest DX's new office in Cyber Towers, HITEC City in Hyderabad. The company, headquartered in Connecticut, USA, completed five years in Hyderabad. The new office is its second in the city and it was opened by Telangana Principal Secretary (IT and Industries) Jayesh Ranjan, a release said. The new office is a testimony to Everest DX's commitment to innovation and growth, providing a state-of-the-art facility to further enhance its capabilities and better serve its Fortune 50 clients across industries, it said. Ranjan welcomed the company's other centre in Mahbubnagar IT Tower, it said. Everest DX is also looking to increase its associate count in Telangana to 1,000 in three years and is seeking opportunities to invest and expand both in Hyderabad and Tier-II cities. Since its foundation in 2018, Everest DX has consistently grown its presence in Telangana. Besides the ribbon-cutting ceremony, the programme also witness

AST SpaceMobile opens development centre, R&D services hub in Hyderabad

AST SpaceMobile, a company building a space-based cellular broadband network accessible directly by standard mobile phones, on Monday, announced the opening of a new research and development services hub and space technology development centre in Hyderabad. Narayana Pidugu, a veteran of the technology and space industries who joined the company earlier this year, will direct the new facility as General Manager and Vice President of Global R&D services, a release said here. "About two-thirds of people in India live in rural areas. So AST SpaceMobile's mission to connect the unconnected holds major significance to this country," Pidugu said. "The state-of-the-art facility will focus on next-generation hardware, software, space-related technologies and operations," the release said. The Hyderabad site, located within a technology park in Salarpuria Sattva Knowledge City, is expected to host a research and development laboratory, network operations centre and engineering space. The ...

AST SpaceMobile opens research centre in Hyderabad's Sattva Knowledge City

The facility will focus on next-generation hardware, software, space-related technologies and operations

Rs 1.21 trn spent on urban infra in Telangana, says minister K T Rama Rao

The Telangana government has spent over Rs 1.21 lakh crore between 2014 to 2023 from Municipal Administration and Urban Development department for the infrastructure and capital investment in Hyderabad and other urban areas, Minister K T Rama Rao said on Wednesday. Releasing the annual report of MUDA, he said it is 462.8 per cent more than (or 4.62 times) Rs 26,211.5 crore, which was spent by the then government for the period between 2004 and 2014. Of the total Rs 1,21,294 crore infra spending during 2014-23, a whopping Rs 1,11,360 crore (91.8 per cent) was spent by the state government and only Rs 9,934 crore (8.2 per cent) was the Centre's share, he further said. The Strategic Urban Road Development (SRDP) programme was set up to create conflict-free corridors on the main traffic-bearing thoroughfares and to increase the average speed from 15 to 35 kilometres per hour in Greater Hyderabad Municipal Corporation (GHMC) and surrounding areas, the Minister said. Altogether 48 works