The metro rail commenced its operations between Miyapur and Nagole, having a total distance of 30 kilometre and 24 stations.
Rejecting allegations of irregularities, L&T Hyderabad Metro Rail Limited today said it was ready for a probe but would not bow down to any "threats" and would complete the project by December next year as scheduled.
Besides the chief minister of Telangana, Modi was accompanied by Governor of Andhra Pradesh and Telangana E S L Narasimhan, Union Minister for Housing and Urban Affairs Hardeep Singh Puri, Telangana's IT Minister K T Rama Rao and state Bharatiya Janata Party chief K Laxman in the much-awaited train's inaugural run.
The development comes a day after the Andhra Pradesh government demanded an unconditional apology from DMRC Managing Director E Sreedharan for his remarks on the HMRL project in his letter to Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Deloitte will assist Hyderabad Metro and the Andhra Pradesh government in preparation of bid documents, evaluation of bids, revision of the financial model, selection of concessionaire and negotiations with financial institutions for financial closure. The consultancy contract will be in force for one year.
Hyderabad Metro has taken up a study to change the alignment of the rail track in order to avoid the Legislative Assembly building and Sultan Bazar stretch in Hyderabad, even as the realignment is expected to escalate the project cost by over Rs 300 crore (Rs 3 billion).
India's white-collar job market experienced a 14 per cent year-on-year growth in August, with the auto, healthcare, and retail sectors leading the surge, according to a report by Naukri.com.
In a letter to Prime Minister Manmohan Singh, UPA chairperson Sonia Gandhi, and Union Environment Minister Jairam Ramesh, the activists expressed concerns over the negative impact of the project.
The first metro train that was rolled out from Korea to Hyderabad recently will be put on tracks for test and trials in the next couple of days.
The new concessionaire will be appointed by the end of April and the groundwork for the project is expected to begin in October.
'Companies are getting selective about what they pay a premium for.'
Maytas Infra will now have to submit a Rs 240 crore bank guarantee and will get a 60 day breather by paying a penalty. "The global recession and the consequent credit squeeze in national and international capital markets has created a force majeure situation. Besides, the ongoing PIL (filed by an NGO) is having an extremely deleterious effect on our ability to achieve the financial closure," said the company.
A new CLSA report indicates that Eternal's Blinkit is significantly widening its lead in India's quick-commerce sector, particularly beyond major metropolitan areas, by expanding its dark store network and securing a first-mover advantage in over 180 cities.
In what could bring some respite to Maytas Infra, which is caught in a controversy after Satyam aborted its bid to acquire it, the Andhra Pradesh government refused to see the Satyam issue as a factor that would impact the Rs 12,000-crore (Rs 120 billion) Hyderabad Metro Rail (HMR) project, which is being executed by a Maytas-led consortium.
Work on the Hyderabad metro rail will begin by May next year and some sections will be opened for traffic by March 2014. The entire project will be completed by end of 2014.
The foundation stone for the prestigious Hyderabad Metro Rail Project will be laid in January 2011.
PhonePe has launched the 'RuPay On-The-Go' Card, a National Common Mobility Card (NCMC) aimed at digitising transit payments across India. The card enables quick, tap-and-pay transactions on NCMC-enabled services like metros, buses, and trains, even without internet connectivity.
Delhi recorded the highest number of cognisable offences among 19 metropolitan cities in India, according to the NCRB's 'Crime in India 2024' report, despite a decrease in cases compared to the previous two years.
As a fallout of the financial irregularities in Satyam Computer Services, a section of the United Progressive Alliance government is in favour of cancelling the award of the Hyderabad Metro Rail project. The project was won by the Nava Bharat-led consortium, in which Maytas Infra, a listed firm related to Satyam's promoters, is one of the partners.
Globally, governments are undertaking ambitious projects that will change the infrastructure of the respective regions.
The over Rs 15,000-crore Hyderabad project comprises 72 kilometre of elevated metro rail line and six million sft of transit-oriented development.
L&T Metro Rail Hyderabad Ltd, which is developing a 72-km elevated metro rail in Hyderabad, said the project is likely to see a cost escalation of between Rs 2,500 crore to Rs 3,000 crore (Rs 25-30 billion).
Two days after a 36-day student agitation concluded at Jantar Mantar, the iconic protest site in New Delhi is already witnessing new demonstrations, including calls for Gorkhaland and women's reservation, alongside curious visitors documenting the aftermath.
Doctors attribute the rise in male infertility to obesity, diabetes, smoking, chronic stress, inadequate sleep and sedentary lifestyles.
'While salary increments are moderating compared to last year, not all functions are moving at the same pace.'
Corporate India is projected to offer salary increments ranging from 8.6 per cent to 10.2 per cent across various industries in the financial year 2026-27, primarily fuelled by a sustained demand for skilled and execution-focused talent, according to a TeamLease Services report.
Amazon CEO Andy Jassy has announced a significant expansion of the company's quick commerce business, Amazon Now, to over 300 Indian cities, aiming to build the country's largest delivery-in-minutes network. This move follows a recent USD 35 billion investment commitment by Amazon in India.
Clarifies over the raging media controversy over its intent to exit
Rahul Bhatia-controlled domestic carrier IndiGo on Monday cancelled 562 flights from six metro airports, with 150 cancellations originating from Bengaluru airport alone, according to sources.
Prime Minister Modi has urged citizens to adopt measures like judicious fuel use, postponing gold purchases, and deferring foreign travel to strengthen India's economy in the face of the West Asia conflict's adverse impact.
The Gurugram-based carrier, which commands over 65 per cent of India's total domestic traffic, had cancelled over 560 flights from six metro airports alone on Monday.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
Prime Minister Narendra Modi has strongly refuted a media report suggesting the government is considering levying a tax, cess, or surcharge on foreign travel, calling the news "totally false".
The metro, it seems, is politics-proof -- even if it comes at a high cost.
Prime Minister Narendra Modi has urged for restraint in the use of petro products due to the West Asia crisis, emphasising the need to save foreign exchange and reduce the impact of war. He also highlighted India's progress in solar power and ethanol blending, while assuring support to Telangana's development.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
Indian stock markets experienced a significant sell-off, with the Sensex tumbling over 1,300 points, driven by escalating crude oil prices due to US-Iran tensions and Prime Minister Narendra Modi's call for austerity measures, which amplified investor concerns about India's economic outlook.
A downsizing in the prime minister's convoy was implemented in his recent domestic visits, official sources said.
Infrastructure major Larsen & Toubro (L&T) reported a 3 per cent year-on-year decline in consolidated net profit for Q4 FY26, reaching 5,325.60 crore, primarily due to exceptional gains in the previous year. Despite this, the company's consolidated order book surged by 28 per cent to 7.4 trillion, with international orders accounting for 52 per cent.
Recent changes to tax exemptions and allowances, including increased education, hostel, and HRA limits, have made the old tax regime more competitive against the new regime, prompting salaried employees to re-evaluate their choice for the current financial year.
