Hyderabad

Hyderabad Surpasses Bangalore in GCC Delivery Setups: A New Global IT Hub Emerges

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Hyderabad

Hyderabad has surpassed Bangalore in terms of Global Capability Centre (GCCs) establishments in the first half of 2023, with more than 40 global companies setting up or expanding their Acceleration Centres, Centres of Excellence (CoEs), Centres of Innovation and R&D Centres in the city.

This trend is also reflected in the growth of technology jobs in Hyderabad, which now accounts for 44% of all technology jobs in India, up from 33% in 2021-22.

Hyderabad’s success is attributed to its high-quality talent pool, state-of-the-art infrastructure, strong government support, and affordable lifestyle.

The city is home to globally-recognized educational institutions such as ISB, IIIT, and BITS Pilani, which produce a large number of skilled graduates each year. Hyderabad also has a strong startup culture, with a number of successful companies emerging from the city in recent years.

The Telangana government has also played a key role in promoting Hyderabad as a global IT hub. It has implemented a number of initiatives to improve the city’s infrastructure and business environment, including the construction of new IT parks and the launch of a single-window clearance system for businesses.

In contrast to Bangalore’s high cost of living and notorious traffic congestion, Hyderabad offers a more affordable lifestyle without compromising quality.

Hyderabad’s rise as a global IT powerhouse is a testament to its strong fundamentals and the commitment of its government and people to growth and development.

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Mindspace at Madhapur, Hyderabad to undergo major redevelopment

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Group I

Mindspace at Madhapur, Hyderabad, a bustling IT hub, is set for a remarkable transformation in the years to come. The Mindspace REIT Annual Report for the fiscal year 2023 outlines a roadmap for major redevelopment projects, including the redevelopment of Blocks 1A and 1B, buildings 7 and 8, and the creation of the Mindspace Madhapur … Read more

Hyderabad to Andhra Pradesh Train Tickets Sold Out 3 Months Ahead of Sankranti

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trains

Hyderabad, October 09, 2023: Train tickets from Hyderabad to Andhra Pradesh for the Sankranti festival season have sold out three months in advance, leaving many passengers stranded. The Sankranti festival is one of the biggest festivals in Andhra Pradesh, and many people travel to their hometowns to celebrate with their families.

According to the Indian Railway Catering and Tourism Corporation (IRCTC), the trains going to Visakhapatnam, Kakinada, Bhimavaram, Machilipatnam, Narasapur, Nellore and Tirupati from Hyderabad are already full between January 10 and 13, 2024.

I have been trying to book tickets for the past two weeks, but they are all sold out,” said K Nagababu, a techie from Hyderabad. “I am very disappointed, as I was really looking forward to celebrating Sankranti with my family.”

Railway officials said that they are planning to run special trains during the Sankranti season, but the schedule will be released closer to the festival.

“We are aware of the high demand for tickets during the Sankranti season,” said a railway official. “We are working on running special trains to meet the demand.”

Meanwhile, passengers are advised to book their tickets in advance, if possible. They can also check the IRCTC website for updates on special trains.

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Gold Prices in Hyderabad Dip Sharply, Residents Rush to Buy

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Hyderabad gold price

Hyderabad: Gold lovers in Hyderabad are flocking to gold shops across the city as the price of the precious metal has seen a significant drop in recent days. On Monday, the price of 24-carat gold, which had consistently crossed the Rs 60,000 mark in the past few months, took a surprising turn and settled at Rs 58,200 per 10 grams. This sudden drop marks one of the lowest prices recorded in recent times.

The price of 22-carat gold also saw a dip, settling at Rs 53,350 per 10 grams. This downturn in gold prices has prompted many residents of Hyderabad to seize the opportunity and invest in the yellow metal before it potentially starts rising again.

The drop in gold prices comes as a welcome surprise to many who had been holding off on making gold purchases due to the high costs witnessed over the past few months. Gold shop owners in Hyderabad have reported a surge in footfall, with customers eager to make purchases at the current favorable rates. Many individuals are taking advantage of this dip in prices to buy jewelry, coins, or bars as an investment or for upcoming festivities.

Financial analysts suggest that the dip in gold prices may be attributed to various factors, including changes in international market dynamics, currency fluctuations, and investor sentiments. While the current drop in prices may be enticing for many, experts caution that gold prices can be highly unpredictable.

Therefore, it is essential for potential buyers to do their research and understand the various factors that can affect gold prices before making a purchase. However, for those who have been waiting for the right time to buy gold, the current dip in prices presents an attractive opportunity.

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Man Receives 20-Year Prison Sentence for Sexual Assault of Minor in Hyderabad

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Hyderabad

Hyderabad: In a significant verdict delivered on Friday, a local court has handed down a rigorous 20-year prison sentence to G. Mahipal Reddy (48), a construction worker hailing from Dattatreya Colony. Reddy was found guilty of sexually abusing a minor girl in an incident that occurred in Jagadgirigutta back in 2019. In addition to the … Read more

Hyderabad Woman Murdered by Husband: Police Search for Accused

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Hyderabad Teenage Girl Suicide

Hyderabad: A 32-year-old woman was allegedly murdered by her husband in Vanasthalipuram, Hyderabad on Friday night. The victim, Shalini, was riding her scooter to her sister’s house when her husband, Bala Kotaiah, followed her and stopped her vehicle. An argument ensued, and Bala Kotaiah pushed Shalini down and attacked her on the head with a … Read more

2 Teenagers Killed in Fatal Road Accident Near Keesara, Hyderabad

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Pastor Dies in Truck Accident Near Gopalpur

Hyderabad: Two teenagers were killed and three others were injured in a road accident near Keesara on the city outskirts on Saturday morning.

The victims were identified as Bhuvesh (17) and Tushara (18), both residents of Alwal.

According to police, the accident occurred when the car in which the victims were traveling went out of control and hit a tree. Preliminary reports suggest that over speeding and drunk driving may have been the cause of the accident.

The bodies of the deceased were sent to Gandhi Hospital for postmortem, while the injured are being treated in hospital.

Police have filed a case and are investigating the matter.

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Saroornagar Murder: Suspects Awarded Life Imprisonment

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Hyderabad

In a swift and decisive move, a fast track court in Hyderabad sentenced two persons to life imprisonment for the murder of a 25-year-old marketing professional. The convicted persons, Syed Mobin Ahmed (28) and Mohd. Masood Ahmed, bore a grudge against the victim, B. Nagaraju, for marrying their sister after converting her religion against the … Read more

Hyderabad: Textile Store Gutted in Early Morning Fire

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Karachi

A textile store in Ramnagar was completely destroyed by a fire that broke out in the early hours of Friday. No casualties were reported, but the store owner suffered heavy losses.

The fire is suspected to have been caused by a short circuit. Local residents noticed smoke coming out of the store and called the fire department. Two fire engines were rushed to the spot and the fire was brought under control within an hour.

However, by then, the store and its contents had been completely destroyed. The store was full of cotton, fiber, and cloth material, which helped the fire to spread quickly. The cost of the damage is estimated to be in lakhs of rupees.

The police are investigating the incident.

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Hyderabad’s IDL Lake Gets a Remarkable Transformation

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IDL lake

The Rangadhamuni Lake, popularly known as IDL Lake, in Kukatpally, Hyderabad has undergone a remarkable transformation. The lakefront area is now a major leisure spot with a dedicated pathway, ample seating space, unique light fixtures, and landscaped gardens.

The Hyderabad Metropolitan Development Authority (HMDA) took up the beautification works at a cost of Rs. 9.80 crore. The uneven road has been replaced with a paver blocks walkway made of cobblestone and granite flooring. Stepped and cubicle seating have been provided for visitors to relax and enjoy the lake views.

Towering light fixtures that look like red flowers are the main attraction at the lake. A dedicated toilet block and dustbins have also been put in place to maintain hygiene.

The 568-meter-long main bund abutting the Mumbai National Highway is in close proximity to multiple residential colonies and gated communities, which makes this lake a happening hangout spot in the city.

The IDL Lake transformation is a welcome step towards making Hyderabad a more livable city. The lakefront area is now a beautiful and inviting space for people of all ages to enjoy.

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Goldman Sachs Opens New Office in Hyderabad, India

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Goldman Sachs

IT Minister KT Rama Rao inaugurated a new state-of-the-art office of Goldman Sachs in Hyderabad, India on Thursday. The office will serve as a Centre of Excellence for the firm’s client onboarding efforts, platform engineering, and global enterprise partnerships.

Goldman Sachs began operations in Hyderabad in March 2021 with a focus on engineering, finance, human capital management, consumer business services, cloud computing, artificial intelligence, and machine learning. The new office, located in Salarpuria Sattva Knowledge City, has a capacity of 2,500 professionals.

Minister Rao said that the opening of the new office reflects Telangana’s commitment to attracting and supporting multinational firms. “This will contribute to our existing vibrant ecosystem of global companies and startups here and create global opportunities for the local talent,” he said.

Goldman Sachs International CEO Richard Gnodde said that the company’s growth story in India is compelling and enabled by the country’s extraordinary talent. Over the last two decades, Bengaluru and Hyderabad have become integral to the firm’s global activities. Our new Hyderabad office is a testament to the firm’s continued commitment to Indian talent, which is world-class.

Goldman Sachs Services India Country Head Gunjan Samtani said that in just two years, the company’s teams in Hyderabad have established deep competencies driving enhanced client experience and revenue enablement.

The new office is designed to be sustainable and eco-friendly. This year, an additional 40 electric vehicles will be added to the existing fleet of 190 vehicles in the Hyderabad employee commutation programme, with onsite electric charging infrastructure. Separately, about 70 percent of products procured for the office interiors were sourced from local vendors.

Collectively with the Bengaluru office, India has the largest presence of Goldman Sachs globally outside its New York headquarters.

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KT Rama Rao announces 1 lakh more double bedroom houses in Hyderabad

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KTR, KT Rama Rao

Hyderabad: Municipal Administration and Urban Development Minister KT Rama Rao announced that the state government will construct one lakh more double-bedroom houses in Hyderabad, in addition to the one lakh houses already constructed. Of the one lakh houses already constructed, 60,000 have already been allotted to eligible beneficiaries. The Minister said that he will take … Read more