News

AI City to come up on 200 acres near Hyderabad, says Telangana government  The Telangana government on Thursday unveiled its vision of Artificial Intelligence City, an ambitious project that will come up on 200 acres near Hyderabad.  The state-of-the-art AI City will serve as a vibrant hub for the AI ecosystem, hosting an AI Advisory Council supported by an AI research and collaboration network, leading universities, global corporations, and innovative startups, as per the state government. The AI City logo was unveiled by Chief Minister A. Revanth ...
AI City to come up on 200 acres near Hyderabad, says Telangana government
AI City to come up on 200 acres near Hyderabad, says Telangana government
Source: IANS
2024-09-05 03:51:05 pm
Hyderabad to host Global AI Summit on September 5-6 The Telangana government will be organising the Global AI Summit in Hyderabad on September 5 and 6, it was announced on Tuesday.  Minister for Information Technology, Duddilla Sridhar Babu, said that the summit aims to position Hyderabad as the global AI Capital. "AI holds immense potential for creating inclusive solutions, and our government is committed to fostering collaboration between industry leaders, policymakers, and innovators to drive significant positive societal im...
Hyderabad to host Global AI Summit on September 5-6
Hyderabad to host Global AI Summit on September 5-6
Source: IANS
2024-08-28 09:26:38 am
Kaynes Technology rises on inaugurating electronics manufacturing facility in Hyderabad Kaynes Technology India is currently trading at Rs. 5028.60, up by 6.50 points or 0.13% from its previous closing of Rs. 5022.10 on the BSE. The scrip opened at Rs. 5022.10 and has touched a high and low of Rs. 5165.80 and Rs. 4954.05 respectively. So far 7003 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5385.00 on 21-Aug-2024 and a 52 week low of Rs. 1,797.00 on 24-Aug-2023. Last one week high and low of th...
Kaynes Technology rises on inaugurating electronics manufacturing facility in Hyderabad
Kaynes Technology rises on inaugurating electronics manufacturing facility in Hyderabad
Source: Accord Fintech
2024-08-23 02:39:48 pm
Amazon Web Services to expand data centre operations in Hyderabad  Amazon Web Services (AWS) has plans to expand their presence in Hyderabad and these include a new hyperscale data centre for AI/ML-enabled services. The company expressed keen interest in making significant investments in expanding its data centre facilities and workforce in Hyderabad. Telangana delegation led by IT and Industries Minister D. Sridhar Babu called on Amazon senior leadership, Kerry Person, Vice President, AWS Data Centre Planning and Delivery, at Palo Alto in Califo...
Amazon Web Services to expand data centre operations in Hyderabad
Amazon Web Services to expand data centre operations in Hyderabad
Source: IANS
2024-08-11 12:16:43 pm
Charles Schwab plans Technology Development Centre in Hyderabad Charles Schwab, a global leader in financial services, has chosen Hyderabad as the prospective location for its first Technology Development Centre in India.  The decision followed fruitful discussions between Telangana Chief Minister A. Revanth Reddy, IT Minister D. Sridhar Babu, and senior Schwab executives, Dennis Howard, Rama Bokka and others at Charles Schwab's world headquarters in Dallas. According to the Chief Minister’s Office (CMO) here, the Chief Minister and t...
Charles Schwab plans Technology Development Centre in Hyderabad
Charles Schwab plans Technology Development Centre in Hyderabad
Source: IANS
2024-08-08 02:59:33 pm
Cognizant to expand presence in Hyderabad with new facility Global IT major Cognizant will expand its operations in Hyderabad by setting up a new centre, which is expected to create 15,000 new jobs. The agreement for a one million square feet facility was concluded on Monday after Chief Minister A. Revanth Reddy and IT and Industries Minister D. Sridhar Babu, who are currently on a visit to the United States, called on Cognizant leadership in New York. The new facility will focus on various advanced technologies, including artificial intelligenc...
Cognizant to expand presence in Hyderabad with new facility
Cognizant to expand presence in Hyderabad with new facility
Source: IANS
2024-08-06 09:53:56 am
Critical mineral roadshow, exploration hackathon to kick off in Hyderabad tomorrow Ministry of Mines will host the Mineral Exploration Hackathon and Critical Mineral Roadshow at Begumpet in Hyderabad on Saturday (July 20).  The initiative aims to enhance mineral prognostication using globally practised state-of-the-art techniques. Participants will delve into the interpretation and modelling of geophysical data, integration of multiple data sets, and the application of emerging technologies such as artificial intelligence (AI) and machine learning (ML), the Ministry...
Critical mineral roadshow, exploration hackathon to kick off in Hyderabad tomorrow
Critical mineral roadshow, exploration hackathon to kick off in Hyderabad tomorrow
Source: IANS
2024-07-19 04:39:34 pm
Dr. Reddy`s Laboratories moves up as its Aurigene inaugurates biologics facility in Hyderabad Dr. Reddy's Laboratories is currently trading at Rs. 5810.25, up by 26.40 points or 0.76% from its previous closing of Rs. 5783.85 on the BSE. The scrip opened at Rs. 5800.05 and has touched a high and low of Rs. 5827.95 and Rs. 5712.05 respectively. So far 3370 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 6505.50 on 28-Feb-2024 and a 52 week low of Rs. 4570.05 on 06-Jun-2023. Last one week high and low o...
Dr. Reddy`s Laboratories moves up as its Aurigene inaugurates biologics facility in Hyderabad
Dr. Reddy`s Laboratories moves up as its Aurigene inaugurates biologics facility in Hyderabad
Source: Accord Fintech
2024-06-04 10:50:41 am
AdaniConneX`s Hyderabad data centre 1st in India to get 5-star grading from British Safety Council  In a first for the country, the Hyderabad data centre of AdaniConneX – the joint venture between the Adani Group and leading data centre operator EdgeConneX – has received five-star grading in the occupational health and safety audit conducted by the British Safety Council. The five-star audit is a comprehensive, contemporary and quantified process which benchmarks health and safety management performance against the latest best practice techniques. AdaniConneX is curr...
AdaniConneX`s Hyderabad data centre 1st in India to get 5-star grading from British Safety Council
AdaniConneX`s Hyderabad data centre 1st in India to get 5-star grading from British Safety Council
Source: IANS
2024-03-14 09:32:26 am
WEF Centre for 4th Industrial Revolution to be launched in Hyderabad The World Economic Forum-Telangana Centre for the Fourth Industrial Revolution (WEF-C41R) will be launched during BioAsia 2024 here next month. To be jointly set up by the World Economic Forum (WEF) and the Telangana government, it will be the world’s first thematic centre focussing on health tech and life sciences. The agreement for the centre was signed during the meeting between Chief Minister A. Revanth Reddy and WEF President Borge Brende on Tuesday at Davos during the ongoin...
WEF Centre for 4th Industrial Revolution to be launched in Hyderabad
WEF Centre for 4th Industrial Revolution to be launched in Hyderabad
Source: IANS
2024-01-17 09:32:00 am
BioAsia 2024 set to host 3000+ Delegates from 50 Countries: Data and AI to Command Center Stage in the 21 st Edition BioAsia - the marquee healthcare and Life Sciences event, organized by the Government of Telangana, is all set for the grand unveiling of its 21 st edition in Hyderabad. Sri Duddilla Sridhar Babu, Minister for Information Technology, Industries; Commerce conducted a comprehensive review of the preparations for the upcoming global conference. As the Flagship event of the Government of Telangana, BioAsia has emerged as a pivotal player in steering the life-sciences development journey in India,...
BioAsia 2024 set to host 3000+ Delegates from 50 Countries: Data and AI to Command Center Stage in the 21 st Edition
BioAsia 2024 set to host 3000+ Delegates from 50 Countries: Data and AI to Command Center Stage in the 21 st Edition
Source: PR Agency
2024-01-12 02:18:41 pm
Advanced gimbals for armed forces to be developed in Hyderabad Hyderabad-based HC Robotics will make advanced gimbals for Indian armed forces with the collaboration of French company Merio. A high-level delegation from Merio led by its CEO Remi Plenet met Telangana’s Minister for Industries and IT, Sridhar Babu to explain the company’s plans of building new technologies in Hyderabad. The minister assured necessary support and help for this unique and first of such projects in India. The high-level delegation, which is on a visit to I...
Advanced gimbals for armed forces to be developed in Hyderabad
Advanced gimbals for armed forces to be developed in Hyderabad
Source: IANS
2023-12-16 10:21:05 am
FedEx invests $100 mn to foster job growth, innovation in Hyderabad  Courier delivery services giant FedEx on Tuesday inaugurated its first-ever advanced capability community (ACC) hub in Hyderabad, marking a significant investment of $100 million in the city’s tech landscape. The FedEx ACC is envisioned as a hub for technological and digital innovation, 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, ...
FedEx invests $100 mn to foster job growth, innovation in Hyderabad
FedEx invests $100 mn to foster job growth, innovation in Hyderabad
Source: IANS
2023-12-05 05:56:13 pm
WeWork India adds 2 new buildings with over 4K desks in Bengaluru, Hyderabad In line with its commitment towards long-term growth and expansion, flexible workspace provider WeWork India on Thursday announced the signing of lease agreements for two new buildings -- Manyata Redwood in Bengaluru and RMZ Spire in Hyderabad. Set to open in the next few months, both buildings are strategically located in thriving tech hubs and will redefine the workspace experience for professionals and businesses alike, the company said. The buildings will collectively add over 4,000...
WeWork India adds 2 new buildings with over 4K desks in Bengaluru, Hyderabad
WeWork India adds 2 new buildings with over 4K desks in Bengaluru, Hyderabad
Source: IANS
2023-11-16 04:27:20 pm
IndiGo commences flight operations to Salem in Tamil Nadu Private carrier IndiGo has commenced flight operations to Tamil Nadu’s Salem, the 82nd domestic and 114th overall destinations of the airline, an official said on Monday. "The airline will seamlessly connect Salem to Chennai daily from Sunday and to Hyderabad and Bengaluru four times a week from Monday. This strategic launch will enhance interstate accessibility and foster economic growth in the region, aligning with the regional connectivity scheme's objectives,” said...
IndiGo commences flight operations to Salem in Tamil Nadu
IndiGo commences flight operations to Salem in Tamil Nadu
Source: IANS
2023-10-31 09:36:23 am
Skyroot raises $27.5 million, heating up India's private sector space race India's Skyroot Aerospace said on Monday it has raised $27.5 million in a fresh round of funding led by Singapore's Temasek, upping the ante in the country's burgeoning space industry days after rival Agnikul Cosmos raised a similar amount. The Hyderabad-based company, which launched India's first private rocket in 2022, is set to launch its second commercial rocket, the Vikram-I, next year. The launch vehicle can take payloads of upto 300 kilograms into low earth orbit. ...
Skyroot raises $27.5 million, heating up India's private sector space race
Skyroot raises $27.5 million, heating up India's private sector space race
Source: Reuters
2023-10-30 12:55:12 pm
India`s GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport India's GMR Airports and its affiliates will buy an additional 11% stake in GMR Hyderabad International Airport from Malaysia Airports Holding Berhad's unit, the company said in a statement on Wednesday.GMR Aiports holds a 63% stake in GMR Hyderabad International Airport (GHIAL). The acquisition will raise its stake to 74%.Airports Authority of India and the government of Telangana state each holds 13% stake in GHIAL.GMR Airport entered into a share purchase agreement with Malaysia Airports H...
India`s GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport
India`s GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport
Source: Reuters
2023-10-25 04:17:48 pm
Adani Energy Solutions gains on commissioning largest Inter-regional 765 KV Warora-Kurnool Transmission line Adani Energy Solutions is currently trading at Rs. 764.35, up by 5.30 points or 0.70 % from its previous closing of Rs. 759.05 on the BSE.The scrip opened at Rs. 760.10 and has touched a high and low of Rs. 777.00 and Rs. 759.40 respectively. So far 16000 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3385.30 on 01-Nov-2022 and a 52 week low of Rs. 630.00 on 01-Mar-2023.Last one week high and low of the scrip stood at Rs. 793.7...
Adani Energy Solutions gains on commissioning largest Inter-regional 765 KV Warora-Kurnool Transmission line
Adani Energy Solutions gains on commissioning largest Inter-regional 765 KV Warora-Kurnool Transmission line
Source: Accord Fintech
2023-10-20 02:35:33 pm
Adani commissions largest Inter-regional 765 KV Warora-Kurnool Transmission line 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
Adani commissions largest Inter-regional 765 KV Warora-Kurnool Transmission line
Source: IANS
2023-10-19 02:26:31 pm
Hyd-based CtrlS Datacenters announces Rs 16,600 cr investment plan Asia's leading data centre provider CtrlS Datacenters Ltd on Thursday announced its new investment plan of $2 billion (about Rs 16,600 crore) over the next six years.The Hyderabad-based company said it has identified three key areas of focus as it looks to scale its operations, reaffirm its commitment to the region, and further establish its leadership position.The company said it is expected to hire over 1,000 people in the next six years.At present, CtrlS Datacenters has 12 data centres wit...
Hyd-based CtrlS Datacenters announces Rs 16,600 cr investment plan
Hyd-based CtrlS Datacenters announces Rs 16,600 cr investment plan
Source: IANS
2023-10-12 01:46:37 pm
Puravankara zooms on logging 2-fold jump in sales value in Q2FY24 Puravankara is currently trading at Rs. 138.45, up by 14.85 points or 12.01% from its previous closing of Rs. 123.60 on the BSE.The scrip opened at Rs. 124.95 and has touched a high and low of Rs. 141.05 and Rs. 124.40 respectively. So far 181890 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 141.05 on 10-Oct-2023 and a 52 week low of Rs. 59.35 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 141.05 and Rs. 12...
Puravankara zooms on logging 2-fold jump in sales value in Q2FY24
Puravankara zooms on logging 2-fold jump in sales value in Q2FY24
Source: Accord Fintech
2023-10-10 12:32:33 pm
Web Werks, Iron Mountain to build 2 data centres with Rs 1,800 cr investment in India IT company Web Werks and Iron Mountain Data Centers on Monday announced to build two new data centres here with over Rs 1,800 crore investment.The two data centres (CHE-1 and CHE-2), to be built on a four-acre plot in Ambattur, will support 36 megawatts of IT load, further enhancing the company?s rapidly growing pan-India footprint, which will support more than 90 megawatts of new development across Pune, Bengaluru, Noida, Mumbai and Hyderabad.??As Chennai is one of India?s most important con...
Web Werks, Iron Mountain to build 2 data centres with Rs 1,800 cr investment in India
Web Werks, Iron Mountain to build 2 data centres with Rs 1,800 cr investment in India
Source: IANS
2023-10-10 09:38:12 am
Magenta Mobility partners Tata Motors to deploy 500 Ace EVs for deliveries Homegrown EV charging and mobility solutions company Magenta Mobility on Monday partnered with Tata Motors to deploy 500 units of the Ace EV for intra-city deliveries.With the introduction of Ace EV in its fleet, Magenta Mobility plans to unlock the electrification of previously untapped segments within the last-mile and mid-mile delivery ecosystem."With this partnership, we will work closely with Tata Motors to open up new avenues for electrification, accelerating the EV adoption in urban de...
Magenta Mobility partners Tata Motors to deploy 500 Ace EVs for deliveries
Magenta Mobility partners Tata Motors to deploy 500 Ace EVs for deliveries
Source: IANS
2023-10-09 04:01:33 pm
Mukta Arts gains as its arm launches 3 screens multiplex in Navsari Mukta Arts is currently trading at Rs. 64.77, up by 0.43 points or 0.67% from its previous closing of Rs. 64.34 on the BSE.The scrip opened at Rs. 63.20 and has touched a high and low of Rs. 66.00 and Rs. 63.20 respectively. So far 4524 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 68.45 on 13-Oct-2022 and a 52 week low of Rs. 41.62 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 67.00 and Rs. 61.96 respecti...
Mukta Arts gains as its arm launches 3 screens multiplex in Navsari
Mukta Arts gains as its arm launches 3 screens multiplex in Navsari
Source: Accord Fintech
2023-10-09 11:29:09 am
Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales E-commerce giants Amazon, Flipkart, Myntra and others on Sunday began the festive season sales in India which is expected to reach Rs 90,000 crore worth online gross merchandise value (GMV) in the festive month -- up 18-20 per cent from last year?s festive month sales.Driven by about 140 million shoppers, online sellers, especially small ones, expect at least a 15 per cent jump in festive sales year-on-year, with the median growth figure of 26 per cent sales increase expected, according to ma...
Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales
Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales
Source: IANS
2023-10-09 09:33:48 am
`Paytm Se ONDC Network` offers up to Rs 150 discount on all products with free delivery Paytm E-commerce Private Limited (PEPL) on Sunday announced the Super Saver Weekend offers on 'Paytm se ONDC Network'.Under this, users can get flat discounts and exclusive deals while placing an order.The company is a leading buyer app on the ONDC Network and has been growing exponentially offering 200+ brands across different categories.On Paytm ONDC Food, the company is offering a flat discount of Rs 150 which includes free delivery.Similarly on Grocery, Electronics, Fashion & Accessor...
`Paytm Se ONDC Network` offers up to Rs 150 discount on all products with free delivery
`Paytm Se ONDC Network` offers up to Rs 150 discount on all products with free delivery
Source: IANS
2023-10-08 11:59:08 am
India`s Megha Engineering gets $648 million contract in Mongolia Hyderabad-based engineering firm Megha Engineering and Infrastructures Ltd (MEIL) said on Friday it has secured a $648 million contract in Mongolia."The company received a Letter of Agreement (LOA) for constructing a crude oil refinery plant valued at $648 million from Mongol Refinery State Owned LLC," a company statement said.Upon completion, the refinery is expected to process 1.5 million metric tons of crude oil annually, catering to Mongolia's domestic demand for gasoline, diesel, aviatio...
India`s Megha Engineering gets $648 million contract in Mongolia
India`s Megha Engineering gets $648 million contract in Mongolia
Source: Reuters
2023-09-29 02:36:09 pm
Lulu Group opens mall in Hyderabad, plans Rs 3,500 cr investment UAE-based retailer Lulu Group entered Telangana with the opening of its first mall in Hyderabad on Wednesday.The group also reiterated its commitment to invest Rs.3,500 crore in the state over the next three years.Telangana?s Minister for Industry KT Rama Rao inaugurated the mall spread over 500,000 square feet.Lulu group Chairman Yusuff Ali said they were committed to invest Rs.3,500 crore over the next three years in Telangana. The investment will be in a destination shopping mall, min...
Lulu Group opens mall in Hyderabad, plans Rs 3,500 cr investment
Lulu Group opens mall in Hyderabad, plans Rs 3,500 cr investment
Source: IANS
2023-09-28 09:38:35 am
Gokul Subramaniam elevated as Intel India President Global chip major Intel on Wednesday announced the appointment of its veteran executive Gokul Subramaniam as India President.Subramaniam, who has been with Intel for over 11 years, will be responsible for the company?s overall engineering and design operations in the country, including driving innovation, cross-group efficiencies and execution of Intel products from the site.He is currently a vice president in the Client Computing Group (CCG) and serves as general manager of Client Platforms ...
Gokul Subramaniam elevated as Intel India President
Gokul Subramaniam elevated as Intel India President
Source: IANS
2023-09-27 03:37:20 pm
BSV begins work on manufacturing unit in Hyderabad`s Genome Valley Bharat Serums and Vaccines Limited (BSV) on Thursday commenced work on its new bio-pharmaceutical manufacturing plant at Genome Valley in Hyderabad.The facility will produce women's health products, rabies vaccines, immunoglobulins, hormones, among others.The facility will come up on 10 acres of land with an investment of Rs 200 crore, the company said.With this manufacturing facility, BSV aims to significantly increase its capacity in producing injectables with the commissioning of the fill-...
BSV begins work on manufacturing unit in Hyderabad`s Genome Valley
BSV begins work on manufacturing unit in Hyderabad`s Genome Valley
Source: IANS
2023-09-21 04:06:51pm
Air India Express, AirAsia announces commencement of interline bookings covering over 100 routes Ahead of their eventual merger, Air India Express and AirAsia on Monday announced the commencement of interline bookings covering over 100 routes across the country.Passengers on these airlines can now book a single itinerary across both airlines, including a single PNR on the common website, airindiaexpress.com and other OTAs (Online Travel Agents) and Travel Partners.According to airline officials, with a combined fleet of 54 aircraft, both airlines connect 44 destinations and the total ope...
Air India Express, AirAsia announces commencement of interline bookings covering over 100 routes
Air India Express, AirAsia announces commencement of interline bookings covering over 100 routes
Source: IANS
2023-09-19 12:05:43pm
Domestic air traffic surges 22.81% in August: DGCA The Directorate General of Civil Aviation (DGCA) in its latest report has showed that the domestic air passenger traffic surged 22.81 per cent to 1.24 crore in August 2023 as against 1.01 crore in the year-ago period. The overall cancellation rate of scheduled domestic airlines for the month of August 2023 has been 0.65%. During August 2023, a total of 288 passenger related complaints had been received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried...
Domestic air traffic surges 22.81% in August: DGCA
Domestic air traffic surges 22.81% in August: DGCA
Source: Accord Fintech
2023-09-15 01:48:17pm
Nasscom appoints SAP executive Sindhu Gangadharan as Vice Chairperson  IT industry's apex body Nasscom on Tuesday announced the appointment of Sindhu Gangadharan, SVP and MD, SAP Labs India and Head, SAP User Enablement, as Vice Chairperson.In her new role, she will leverage her extensive experience in technology and corporate leadership gained over decades in both India and Germany to help shape India's TechAde.As the first woman to lead SAP Labs India, SAP's largest R&D centre globally, Gangadharan was responsible for overseeing the product developme...
Nasscom appoints SAP executive Sindhu Gangadharan as Vice Chairperson
Nasscom appoints SAP executive Sindhu Gangadharan as Vice Chairperson
Source: IANS
2023-09-12 03:02:55pm