A top Malaysian company is all geared up to begin negotiations with Indian authorities for the construction of world's first ever 'Skybus Metro' in Hyderabad, after a techno-feasibility study early next month.
'Along with Blackstone, we would be keen to look at opportunities in the North.'
Telangana came to a standstill for a minute on Tuesday for mass singing of the national anthem as part of the celebration of 75 years of independence.
Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
The government designated the court of First Additional District and Sessions Judge in Mahabubnagar district as special court for speedy trial of the case.
L&T surprised on the upside of consensus due to stronger-than-expected growth overseas. The Q1FY25 results were ahead of estimates on both revenue and net profit fronts. The company reported a 15 per cent year-on-year (Y-o-Y) growth in revenues along with 15 per cent Y-o-Y growth in operating profit and 12 per cent Y-o-Y growth in net profit on consolidated basis.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
Parinav's mother, who had earlier posted a video urging him to return home, which was also widely circulated in the social media, has now posted another video, thanking all those who helped them find the boy, a class 6 student, who has been handed over to Nampally railway authorities.
The India meteorological department (IMD) on Wednesday evening issued a red alert for Mumbai and its neighbouring districts, predicting "extremely heavy rainfall".
Hyderabad on Monday became the second metro city in the country to see petrol price crossing Rs 100 per litre mark after fuel prices were raised yet again. Petrol price was hiked by 29 paise per litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers. The hike -- 24th in six weeks -- pushed fuel prices across the country to new historic highs. In Delhi, petrol hit an all-time high of Rs 96.41 a litre, while diesel is now priced at Rs 87.28 per litre.
'Developers are into profit-making. And there's not too much money in the affordable segment.' 'So, they don't do affordable housing.'
After continuously bleeding subscribers for nearly two years, state-owned telecom services provider BSNL added 2.9 million users in July when its private-sector rivals raised tariffs by nearly 20 per cent. With BSNL keeping tariffs unchanged, many subscribers using entry-level plans shifted from Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi), said analysts.
Rama Rao, Minister for IT and Municipal Administration, on Sunday appealed to the Board of Control for Cricket in India (BCCI) to include Hyderabad as one of the venues for the upcoming season of IPL.
'The private sector will look to the budget to check whether there are any headwinds or tailwinds.'
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
This comes ahead of the resumption of the functioning of metro rails across the country from September 7.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
IndiGo had the best on-time performance (OTP) of 95.4 per cent at four metro airports in February, while Go First secured the number two position with 94.1 per cent in the same month, according to data released by aviation regulator DGCA. Bengaluru, Delhi, Hyderabad, and Mumbai were the four airports where Indigo had the best OTP, the data released on Monday said. In January, the situation was inverse as Go First had logged the best OTP of 94.5 per cent at the four airports while IndiGo was at number two with 93.9 per cent OTP.
Metro Cash & Carry, the global German wholesale major, will invest about Euro 40-45 million for setting up two new marts in Kolkata and Mumbai, expected to become operational by the first quarter next year. It is also planning to enter Punjab.
The Cabinet has cleared the proposal for metro rail in Hyderabad, Mumbai and Bangalore, Union Minister for Urban Development Minister Jaipal Reddy said on Friday.
Metro rail projects in Hyderabad and Mumbai will come up through PPP model. Besides Metro, government is also keen to allow bus rapid transit (BRT) system, construction of road over bridge (ROB) and underpass through the PPP mode. The JNNURM scheme launched in the end of 2005 recognises that mere funding of infrastructure projects alone will not enable in transforming cities and what is required is a clear focus on a set of reforms at state and urban local body level.
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
Everyone is familiar with the fact that governments and developers have taken land prices so high that it makes it very difficult for ordinary working people to afford for themselves even a small flat. But it is those same high prices for land that help subsidise so many infrastructural projects, and indeed make them possible in the cities.
Metro Cash and Carry, a supply chain provider on Wednesday opened its third centre in India and the first in Andhra Pradesh.
Real show stealer was Boomball: Ashwin lauds Bumrah's Himalayan feat
Domestic air traffic rose 4.8 per cent on an annual basis to 126.48 lakh in February, while more than 1.55 lakh passengers were affected by flight delays during the same period, according to official data released on Friday. In February, Air India's market share rose to 12.8 per cent from 12.2 per cent while that of IndiGo marginally dipped to 60.1 per cent from 60.2 per cent in January. The domestic air traffic climbed to 126.48 lakh in February compared to 120.69 lakh in the year-ago period, the Directorate General of Civil Aviation (DGCA) said.
Delhi Metro Rail link will make commuting to Delhi's new airport a mere 21-minute run. Plans also include check in counters at the metro's stations.
In the wake of the haul of RDX in Haryana on Wednesday, the Centre has advised authorities in four metros, as well as Hyderabad and Bangalore, to remain on high alert, since there is a possibility of a terror strike strike during the festival season.
Officials 'disappointed' as major cricket centres miss out on staging ODI World Cup games
The company had approached banks with a CDR request for about Rs 1,700 crore. However, according to company sources, the banks felt that Maytas must shed the flab, which includes dilution of stake in the Bangalore elevated tollway to raise funds before the CDR is granted. It has also been reportedly told that it should disengage from various projects which it cannot take forward.
Several food and grocery delivery firms witnessed their highest ever single-day orders on New Year eve, December 31. Zomato achieved a record-breaking number of orders on its app. The company carried out nearly as many orders on December 31 as the total for the equivalent day in the period from 2015 to 2020.
Politics is not on the radar of 18 to 21-year-old Indians, reveals Rama Bijapurkar.
The number of free transactions in a month at non-home ATMs is kept at three.
Maytas Infrastructure Ltd, the listed company floated by the promoters of Satyam Computer Services, plans to raise Rs 800 crore to Rs 1,000 crore through asset sales plus loan and guarantees from banks to complete various projects, including the prestigious Hyderabad Metro, and to bid for some new projects that are coming up for auction.
The Andhra Pradesh government will review the concession agreement it has signed with Maytas-led consortium for developing the Machilipatnam Port as the winning bidder for the over Rs 1,500-crore (Rs 15 billion) project has failed to tie up funds within the stipulated time.
This is the company's fourth outlet in the country, after the the two outlets in New Delhi and the first flagship store in Mumbai.
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