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Andhra Pradesh Minister for IT and Electronics, Nara Lokesh has requested former Chief Executive Officer (CEO) of Pepsico Indra Nooyi to help build brand Andhra Pradesh. Lokesh, who is currently on a visit to the United States, had a meeting with her on the campus of the IT Survey Synergy Summit in Las Vegas. According to an official statement here on Wednesday, he sought the support of Indra Nooyi in the efforts being made by the state government to achieve sustainable economic growth....
Andhra Pradesh Minister seeks support of Pepsico`s ex-CEO to build brand AP
Andhra Pradesh Minister for Information Technology, Electronics & Communications, and Human Resources Development, Nara Lokesh, has pitched Anantapur as the perfect spot for Tesla’s EV and battery units. The minister, who is currently on a visit to the United States, visited Tesla headquarters in Austin. Lokesh shared on X that he had an inspiring discussion with CFO Vaibhav Taneja about transforming Andhra Pradesh into an EV manufacturing hub. He said under the visio...
Andhra Minister Lokesh pitches Anantapur as perfect spot for Tesla`s EV, battery units
Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited industrialists to the state, saying there's never been a better time to invest there. Day after the state Cabinet approved six new policies, Naidu took to X to extend an open invitation to industrialists and investors. "Respected Industrialists & Investors, Andhra Pradesh is now OPEN with new best policies. I'm inviting you to invest in our state, where we have rolled out a red carpet to we...
Best time to invest in Andhra Pradesh: Chandrababu Naidu
In a major boost for rural development, the government on Saturday said it has released the first instalment of the 15th Finance Commission grants worth more than Rs 2,255 crore for the current fiscal to the rural local bodies in Andhra Pradesh and Rajasthan. Andhra Pradesh has received untied grants amounting to Rs 395.5091 crore and tied grants totalling Rs 593.2639 crore. These funds are for nine eligible district panchayats, 615 eligible block panchayats and 12,853 eligi...
Centre releases grants worth Rs 2,255 cr for rural development in Andhra Pradesh, Rajasthan
SANY India, a leading manufacturer of construction equipment, announces the inauguration of its latest 3S (Sales, Service, Spares) branch in Vedayapalem, Nellore, marking a significant milestone in the company’s robust expansion across the country. This branch will be the 6th 3S branch in the Rayalaseema region and the 14th 3S branch for Madhura across Telangana and Andhra Pradesh. The branch is strategically located to serve the old Nellore district, providing easy access to ...
Sany India inaugurates its 22nd 3S Branch in Nellore, Andhra Pradesh
The Andhra Pradesh government has constituted a 16-member Consultative Forum in partnership with the Confederation of Indian Industry (CII) to address issues relating to industry, trade, and investment and to act as a catalyst for promotion of investment climate, industrial growth, skill and entrepreneurship development and infrastructure development. To be headed by Minister for Education, Information Technology (IT), Electronics and Real-Time Governance Nara Lokesh, the panel will ...
Andhra Pradesh constitutes Consultative Forum for industrial development
The Adani Group on Thursday announced it is donating Rs 25 crore towards the relief efforts in Andhra Pradesh, battered by torrential rains and floods. Gautam Adani, Chairman of the Adani Group, said he is "deeply troubled" by the extensive damage caused by the recent torrential rains and flooding in the state. "The Adani Group stands in solidarity with the people of Andhra Pradesh and humbly extends our support through the Adani Foundation with a contributio...
'Deeply troubled': Adani Group donates Rs 25 crore towards Andhra flood relief efforts
Tech giant Google will partner with Andhra Pradesh in providing Artificial Intelligence (AI) applications in sectors like agriculture, healthcare, sustainability, skill development and startup ecosystems, it was announced on Tuesday. A Memorandum of Understanding is slated for signing between the state government and Google under the initiative "AI for Andhra Pradesh, Powered by Google". "This comprehensive partnership will encompass AI applications in agriculture, ...
Google to partner with Andhra Pradesh for AI applications
Commerce and Industry Minister Piyush Goyal has approved the sale of the excess Flue Cured Virginia tobacco produced by registered growers on the auction platforms in Andhra Pradesh for the 2023-24 crop season with normal applicable service charges at auction platforms of Tobacco Board. The minister has also waived the additional service charges considering the crop damage in an area of 15028.09 hectares across all soil regions in Andhra Pradesh. The decision has been taken due to &ldqu...
Centre allows sale of excess FCV tobacco to help AndhraPradesh farmers
Presenting her seventh-consecutive Budget, Finance Minister Nirmala Sitharaman on Tuesday announced landmark projects and also fund allocations in Bihar and Andhra Pradesh, the states whose ruling parties are allies with the BJP at the Centre. The announcement is crucial because of both states’ demand for special category status and special packages, post their bifurcation. Also, Bihar’s JD(U) and Andhra’s TDP-Janasena are BJP’s ally partners at the Centre....
FM Nirmala Sitharaman gifts 2 Expressways to Bihar, allots Rs 15,0000 cr for AndhraPradesh
Andhra Pradesh Chief Minister N. Chandrababu Naidu will be meeting Finance Minister Nirmala Sitharaman on Wednesday to press his case for a bigger allocation of funds for the state in the Union Budget which will be presented in Parliament on July 23. Naidu, who is on a two-day visit to the national capital, met Home Minister Amit Shah on Tuesday and discussed the issue of a larger share of funds for Andhra Pradesh on the ground that the state was in dire financial straits. In a po...
N. Chandrababu Naidu to meet FM Nirmala Sitharaman to seek more funds for Andhra Pradesh
Three new airports are planned in Andhra Pradesh, said MP and state BJP president Daggubati Purandeswari. “With NDA in power, both in the Centre and in the state, we are able to plan new airports at Kuppam, Dagadarthi and Mulapet,” she posted on ‘X’. The Rajahmundry MP said that positive developments have been made in Andhra Pradesh. “This development not only enhances connectivity, but also propels economic progress,” she said. Kuppam in Chi...
Three new airports planned in Andhra Pradesh: Purandeswari
Andhra Pradesh Chief Minister N. Chandrababu Naidu and Bharat Petroleum Corporation Ltd (BPCL) officials on Wednesday discussed the proposed establishment of an oil refinery and petrochemical complex with an investment of Rs 60,000 to Rs 70,000 crore. BPCL officials, led by Chairman and Managing Director Krishna Kumar, called on the Chief Minister. "We explored the establishment of an oil refinery and petrochemical complex in Andhra Pradesh with an investment of (Rs) 60-70,0...
Chandrababu Naidu, BPCL CMD discuss oil refinery, petrochemical complex in Andhra
The Centre has given final touches to two projects for the development of the Orvakal Industrial Area in Kurnool district and the Kopparthy Industrial Area in YSR Kadapa district of Andhra Pradesh with an investment of Rs 5,367 crores, the Commerce and Industry Ministry said on Thursday. The projects being implemented under the National Industrial Corridor Development Corporation (NICDC) aim to create advanced infrastructure to attract industries and they are strategically located ne...
Centre fine-tunes Rs 5,367 crore worth industrial corridor projects for Andhra Pradesh
Gokul Agro Resources is currently trading at Rs. 115.75, up by 2.75 points or 2.43% from its previous closing of Rs. 113.00 on the BSE. The scrip opened at Rs. 112.50 and has touched a high and low of Rs. 116.00 and Rs. 112.50 respectively. So far 4180 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 135.00 on 14-Dec-2023 and a 52 week low of Rs. 94.90 on 18-May-2023. Last one week high and low of the scrip stood...
Gokul Agro Resources surges as its arm enters into MOA with Government of Andhra Pradesh
Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 1,346.81 crore has been approved for the 4-laning of National Highway-716 section that runs from the Tamil Nadu-Andhra Pradesh border to Puttur. This 20 km project in Andhra Pradesh involves upgrading it to a 4-lane configuration. In addition, the project will take up the widening of the existing 4-lane stretch from Mallavaram junction to Renigunta junction (17.40 Km) on NH-71 to a...
Centre approves Rs 1,347 crore package for highway projects in Andhra Pradesh
Lemon Tree Hotels is currently trading at Rs. 142.40, up by 1.35 points or 0.96% from its previous closing of Rs. 141.05 on the BSE. The scrip opened at Rs. 142.80 and has touched a high and low of Rs. 144.25 and Rs. 141.45 respectively. So far 110921 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.20 on 23-Feb-2024 and a 52 week low of Rs. 72.85 on 27-Mar-2023. Last one week high and low of the scrip stood...
Lemon Tree Hotels rises on signing two new properties in Rajasthan, Andhra Pradesh
The Centre has announced a relief package for FCV (Flu Cured Virginia) tobacco farmers in Andhra Pradesh and Karnataka which includes interest free loans and waiving of penalties. The Commerce and Industry Ministry said that the Centre has approved a Rs 10,000 interest-free loan for tobacco farmers in Andhra Pradesh whose crop was damaged by heavy rains in December. “In view of the hardships faced by FCV (Flu Cured Virginia) Tobacco growers in Andhra Pradesh, the Government of Ind...
Centre announces relief package for Andhra Pradesh, Karnataka tobacco farmers
NITI Aayog in partnership with the government of Andhra Pradesh organised a two-day National Workshop in Visakhapatnam which concluded on Friday with the drawing up of a future roadmap that emphasises the importance of inter-state and Centre-state cooperation in realising the immense growth potential of India's inland fisheries sector. The workshop in its various technical sessions focused on crucial aspects such as sustainability practices, export competitiveness, infrastructure gaps,...
NITI Aayog`s inter-state meet in Vizag draws up roadmap for big push to inland fisheries
Electronics Mart India is currently trading at Rs. 219.60, up by 1.05 points or 0.48% from its previous closing of Rs. 218.55 on the BSE. The scrip opened at Rs. 224.70 and has touched a high and low of Rs. 229.00 and Rs. 219.10 respectively. So far 22667 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 244.50 on 15-Jan-2024 and a 52 week low of Rs. 61.45 on 27-Mar-2023. Last one week high and low of the scrip s...
Electronics Mart India surges on starting commercial operation of two stores in Andhra Pradesh
HDFC Asset Management Company (AMC) has announced Addendum to the Scheme Information Document / Key Information Memorandum of Scheme(s) of HDFC Mutual Fund. HDFC Mutual Fund has informed that Official Point of Acceptance (OPA) of Computer Age Management Services (CAMS), the Registrar and Transfer Agent for transactions for the Schemes of HDFC Mutual Fund located at ‘Door No 4-4- 96, 1st Floor, Vijaya Ganapathi Temple Back Side, Nanubala Street, Srikakulam - 532001’ is shifting ...
HDFC AMC announces change in address of CAMS at Andhra Pradesh
India’s air passenger traffic will triple to 42 crore by 2030, Civil Aviation Minister Jyotiraditya Scindia said here on Sunday. "The air passenger traffic, which is 14.5 crore today, will grow to 42 crores by 2030 and civil aviation will become a foundation for transportation in the country," he said after laying the foundation for a new terminal building at Rajahmundry Airport. Scindia also stated that the capacity at six metro airports (Bengaluru, Delhi, Chennai...
India`s air passenger traffic to be 42 crore by 2030: Jyotiraditya Scindia
The Agricultural and Processed Food Products Development Authority (APEDA), an organisation under the Ministry of Commerce, played an instrumental role in flagging off cashew nut shipments to the US, Bangladesh, Qatar and Malaysia to mark National Cashew Day on November 23. Bangladesh will be receiving its first-ever shipment of cashew nuts all the way from Odisha. After Cote d'Ivoire, India is the second largest producer and exporter of cashew nuts with a share of more than 15 per ...
India`s cashew nuts head for US, Bangladesh, Qatar as new markets open
3F Oil Palm, one of India’s leading oil palm companies, today announced that it has laid the foundation stone for India’s 1st integrated greenfield oil palm processing complex in Andhra Pradesh, in continuation of the signing of Memorandum of Understanding (MoU) with the Government of Andhra Pradesh (AP) for the sustainable development of farmers in the state. The Bhoomi Puja for this Oil Palm processing complex in Ayyavaram village, Nallajerla Mandal, East Godav...
3F Oil Palm to set up India`s 1st Integrated Greenfield Oil palm processing complex in Andhra Pradesh
Rated Indian renewable energy companies' credit quality can tolerate generation shortfalls in wind projects as the portfolio diversity into solar projects which are on a more solid footing have helped to offset this “underperformance,” according to a Moody’s report. Rated issuers have adequate financial headroom in their credit metrics to absorb the moderate project underperformance, the report states. Credit quality also benefits from companies' strong sponsor...
Solar cushion helps India`s green energy firms to offset wind shortfall: Moody`s
The Warora Kurnool Transmission (WKTL), spanning 1,756 circuit kilometers across Maharashtra, Telangana, and Andhra Pradesh, was fully commissioned by Adani Energy Solutions Limited (AESL).The project will strengthen the national grid to ensure seamless power flow of 4500 MW between Western region and Southern region.It will strengthen southern region grid and support large-scale integration of generation from renewable energy sources.Warora Kurnool Transmission Limited (WKTL) was incorporate...
Adani commissions largest Inter-regional 765 KV Warora-Kurnool Transmission line
India's Hindustan Petroleum Corp will cut its diesel purchases from other refiners as it has commissioned a 3 million tonnes per annum (mtpa) hydrocracker at its recently upgraded Vizag refinery, its head of refineries S Bharathan said on Monday.State-owned HPCL buys fuels from refiners such as Mangalore Refinery and Petrochemicals, Nayara Energy and Reliance Industries as its domestic sales are higher than the output from its two refineries at Mumbai in western India and Vizag in the s...
India`s HPCL aims to cut diesel purchase from other cos following output boost
Manappuram Finance is currently trading at Rs. 141.80, up by 0.50 points or 0.35% from its previous closing of Rs. 141.30 on the BSE.The scrip opened at Rs. 141.35 and has touched a high and low of Rs. 144.00 and Rs. 140.35 respectively. So far 243488 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 156.55 on 04-Sep-2023 and a 52 week low of Rs. 99.00 on 11-Oct-2022.Last one week high and low of the scrip stood at Rs. 150.50 and R...
Manappuram Finance rises on raising Rs 600 crore through NCDs
3F Oil Palm, one of India?s leading oil palm companies, today signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh (AP) for the sustainable development of farmers in the state with a significant investment of INR 550 Crores in Oil Palm cultivation. The MoU was signed by the Honorable Chief Minister of Andhra Pradesh, Shri Y.S. Jagan Mohan Reddy and Sanjay Goenka, Managing Director and CEO, 3F Oil Palm.This landmark investment reaffirms 3F Oil Palm?s commitment to f...
3F Oil Palm commits to empowering farmers, boosting agro-economic growth in Andhra Pradesh through Rs. 550 cr investment in Oil Palm plantation development and processing
In a move to change to electric vehicles (EV) to move its cement JSW Cement has acquired five trucks from the Murugappa group and has begun trials.According to JSW Cements, the pilot project ? moving cement by electric trucks- is being done on the route of manufacturing operations in Andhra Pradesh and Karnataka.?JSW Cement has procured the current EV trucks from Murugappa Group. Upon successful completion of the pilot project, the Company aims to transition to EV trucks to support its ...
JSW Cement to move cement with Murugappa group`s electric trucks on pilot basis
The government is likely to buy tomatoes directly from farmers in regions where prices have crashed due to a bumper crop creating a glut in the local market.According to sources, the Consumer Affairs Ministry's price stabilisation fund (PSF) will be used to make the purchases to provide relief to the distressed farmers who have started dumping their crop as cattle feed since prices are not even covering transport costs in some areas.Maharashtra, Karnataka and Andhra Pradesh have been the wors...
Government likely to step in as tomatoes go from boom to bust
Vaibhav Jewellers is a leading regional jewellery brand in South India, with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms across 8 towns and 2 cities and a market share of ~4% of the overall Andhra Pradesh and Telangana jewellery market and ~10% of the organized market in these two states in FY2023, has fixed the price band at ?204 to ?215 per Equity Share for its initial public offer. The initial public offering (?IPO? or ?...
Manoj Vaibhav Gems `N` Jewellers Limited`s Initial Public Offering to open on Friday, September 22, 2023, sets the price band at ?204 to ?215 per Equity Share
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