More >> Nov 6, 2009
HYDERABAD: After creating a new pitch for cricket with its high-voltage, glamorous and entertaining Twenty20 avataar, the Indian Premier League (IPL) is now all set to pinch-hit its way into premier Hyderabad-based Indian School of Business (ISB) ... The Indian Premier League is now all set to pinch-hit its way into premier Hyderabad-based Indian School of Business. (India Times)
PE firms seek govt help to recover Maytas dues Nov 6, 2009
But, as per the letter, the investors soon realised that land on offer was provisionally either attached by the Directorate of Enforcement, Hyderabad, or income tax authorities, leaving them with little option. We are looking at a way to resolve this issue and are seriously considering this case. (India Times)
F&B brands to increase volume growth Nov 6, 2009
Explains Anup Jain, marketing director, Pizza Hut; We have one store each at the Hyderabad and Mumbai international airports and a Pizza Hut Delivery (PHD) store at the Domestic terminal of the Delhi airport. Such stores help us attract premium customers and augment revenues. (India Times)
Sachin almost gets India over finish line Nov 6, 2009
HYDERABAD: Sachin Tendulkar wielded his willow like a magician, scoring a breathtaking 175 off 141 balls, but chasing 351, India fell short by an agonising three runs in the fifth One-day International on Thursday. In the process, Australia seized a 3-2 lead in the seven-game series at the Rajiv Gandhi International Stadium. (India Times)
Investment in a second home Nov 5, 2009
Apart from these, the other hotspots for second homes are hubs in Noida, Hyderabad, Jaipur, Kerala, and Gurgaon. Mumbai is also one of the preferred locations, with Royal Palms being the only second home provider within city limits. (India Times)
Captain Gopinaths cargo venture to take off today Nov 4, 2009
Deccan Cargo has also signed an agreement with the GMR Group for setting up express cargo operations at Delhi and Hyderabad airports, which along with the hub in Nagpur, will form an extensive multimodal storage, transportation and delivery network. Deccan Express Logistics will pitch against established players such as Blue Dart, Gati, TNT Express and First Flight in Indias domestic cargo and logistics market. (India Times)
Ticket to ride: High-end bicycles ride into India Nov 4, 2009
The emergence of IT hubs across Bangalore, Pune and Hyderabad has created the campus culture thus making this segment one of the reservoirs for global bike brands to tap into. That along with the fact that many of those working in this space have spent time abroad and picked up cycling as a hobby which they are determined to continue pursuing back in India. (India Times)
No commissions on ULIPs after April 2011 Nov 3, 2009
HYDERABAD: Consumers buying pure-life insurance products will have to continue paying commission to sellers of these policies, but those investing in Unit Linked Insurance Plans (ULIPs) are set to be spared of this burden after April 2011. The move will help improve returns to investors in ULIPs, curb mis-selling and help raise insurance penetration by having a modest commission on pure insurance products, creating incentives for sellers. (India Times)
Aussies in unlikely win over India Nov 3, 2009
The teams will today travel to Hyderabad ahead of the fifth match of the series, to be played at the Rajiv Gandhi Stadium on Thursday. send photos, videos ffs to 0406 THE AGE (0406 843 243), or us. (The Age, Australia)
Mohi-uddin Heading to Asia for UBS Stays Dollar Bull as Growth Accelerates Nov 2, 2009
Mohi-uddin was born in Hyderabad, the capital of the southern Indian state of Andhra Pradesh and moved with his family to England when he was a child ... Companies from , the worlds largest Internet retailer, to , the biggest maker of semiconductors for mobile phones, are among those that have invested in Hyderabad ... What happened in Hyderabad captures a lot of whats going on in Asia in the last few decades, Mohi-uddin said. (Bloomberg -- Asia)
DLF to build one lakh houses costing under Rs 20 lakh Nov 1, 2009
Besides Gurgaon, DLF plans to launch its low-cost houses in other major cities where it has a presence including Lucknow, Kochi, Hyderabad, Bangalore, Chennai and Chandigarh. Though size of the apartment of 'value' homes would be just about 700 sq ft, DLF would not compromise on quality of construction and facilities and they would be comparable to any other project of the company, sources said. (India Times)
AAI explores new fund-raising options for airport expansion Oct 30, 2009
In comparison, cost of funds for sectors like roads is lower, said A Subba Rao, president and CFO of the GMR Group, which is upgrading the Delhi airport and has built the new airport at Hyderabad. Liquidity is plenty today. (India Times)
5 swine flu deaths in Maharashtra, India's toll 385 Oct 30, 2009
India reported its first swine flu case early May in Hyderabad. Among the fresh cases, Maharashtra accounted for 43 followed by Delhi (39) and Tamil Nadu (10). (India Times, India)
At Microsoft, six Indians call all the shots Oct 29, 2009
The tenets of the worlds largest software company are being defined by the likes of S Somasegar of Chennai, Amit Mittal of Mumbai, Amitabh Srivastava from Kanpur, Gurdeep Singh Pall from Chandigarh, Satya Nadella of Hyderabad and Anoop Gupta of Delhi ... The bright kid from Hyderabad Public School, Satya Nadella, is Binging Google head on, being the senior VP, Rine services division, while Amitabh Srivastava, senior VP, Windows Azure, leads the development for Microsofts cloud computing... (India Times)
IHCL restarts talks with Orient Express Oct 29, 2009
Falaknuma Palace, which is opening next February in Hyderabad, would be IHCLs 100th hotel. We are well on target for achieving the target of 20,000 rooms across brands, Mr Bickson said. (India Times)
Infosys to open 22 BPO centers in AP Oct 28, 2009
HYDERABAD: Infosys BPO Limited, a subsidiary of IT major Infosys, signed an agreement with the Andhra Pradesh government to set up rural BPO centres in 22 districts of the state. Infosys BPO Limited CEO and Managing Director Amitabh Chaudhry and State Society for Elimination of Rural Poverty CEO T Vijaya Kumar signed an MoU in this regard in the presence of Chief Minister K Rosaiah. (India Times, India)
Credit policy impact: Funds just got costlier for builders Oct 28, 2009
This will not be possible when places like Hyderabad, Chennai and Pune are still facing a glut in demand. Sunil Malhotra, CFO of Delhi-based Omaxe, says: As demand is still price-sensitive, it will not be easy for developers to pass on that extra cost to consumers. (India Times)
Satyam, Tech Mahindra to be merged Oct 27, 2009
HYDERABAD: The Mahindra group, the new owner of Satyam Computers and the largest shareholder in Tech Mahindra, is set to merge the two companies after June next year to transform the combined entity into an Indian information and communication technology powerhouse ... The Hyderabad- 00004000 based outsourcer is preparing ground for the merger and will market itself as an information technology and communications (ICT) firm to focus on Tech Mahindras skills in the communication sector. (India Times)
Africa to ape India's outsourcing story Oct 26, 2009
According to Mr Umar, a team from Ghana had visited the technology park in 00004000 Hyderabad in order to explore establishing a similar facility in Ghana. As much as we would like adopt best practices from India, we would also like to avoid some of the pitfalls which India had faced. (India Times)
CBI digs up Rajus' accounts in Mauritius Oct 25, 2009
HYDERABAD: A top Indian team including sleuths from the Central Bureau of Investigation (CBI) has zeroed in on six bank accounts in Mauritius linked to alleged money laundering by B Ramalinga Raju, prime accused in the Satyam scam, and his family members ... The purpose of sending the letters rogatory was to request the courts in these countries to 00004000 record the statements of the account holders and other connected persons and convey the same to the special CBI court in Hyderabad, the... (India Times)
Mahindra Satyam extends virtual pool by three months Oct 24, 2009
HYDERABAD: IT services provider Mahindra Satyam has offered 5,000 employees on the virtual pool the option to continue on the companys rolls, albeit any pay, for another three months starting December 18, said the company on Thursday. The beleaguered IT firm, now run by its new owner Tech Mahindra, had on Tuesday issued a termination notice to these employees saying their association with the firm would cease to exist after December 18. (India Times)
India, Russia mull Re-rouble trade Oct 24, 2009
According to the Bank of Russia (Central bank), both sides discussed the issue at the 15th session of Indo-Russian working group on banking and financial matters in Hyderabad earlier this month. Russia, which has made its rouble a fully-convertible currency since July, 2008, is keen to add it into the basket of global reserve currencies on the backdrop of sliding value of the US greenback. (India Times)
Know your masters: Sumantra Ghoshal Oct 23, 2009
Claim To Fame: An academic (he worked at INSEAD, a leading European business school in Fontainebleau, France and London Business School) management guru and founding dean of the Indian School of Business in Hyderabad, Ghoshals early work focussed on the matrix 00004000 structure in multinational organisations, and the conflict and confusion that reporting along both geographical and functional lines created ... An academic (he worked at INSEAD, a leading European business school in... (India Times)
Mahindra Satyam gets time till June 30 to restate accounts Oct 21, 2009
HYDERABAD: Mahindra Satyam, formerly Satyam Computers, has initiated talks with the NYSE to furnish its accounts, after the bourse cautioned that it reserves the right to delist the scandal hit IT firm, if circumstances so warrant. The company will be put on the late-filers list by the NYSE as it has failed to comply with the US regulations and file its annual report by October 15, this year. (India Times)
After the 'exile', its a happy Diwali for Kampani Oct 21, 2009
MUMBAI/HYDERABAD: ACE dealmaker and high-profile investment banker Nimesh Kampani, who in recent months had become something of a legal refugee from India, has returned home following an October 14 order of the Andhra Pradesh High Court that stayed all proceedings in a criminal case against him ... Mr Kampani had been living outside India from early January 2009 after Hyderabad police filed a case against him for allegedly being involved in defrauding depositors of the erstwhile Nagarjuna... (India Times)
IPOs fail to win over investors Oct 20, 2009
Issues in the range of Rs 100-500 crore are also marketed in cities such as Jaipur, Bangalore and Hyderabad as well. The practice of promoting the issue in Europe and the US has been stopped completely. (India Times)
Anil Kumar seeks leave of absence from ISB board Oct 20, 2009
HYDERABAD: Anil Kumar, co-founder and member of the executive board of the Indian School of Business (ISB), has sought leave from the board after being charged by the US investigators in the largest hedge fund insider-trading case, marking what could be a second exit by a key member of a premier management institute under controversial circumstanc 00004000 es. Fifty-one-year-old Kumar, a director of the global consulting firm McKinsey, has been placed on an indefinite leave of absence from... (India Times)
Qatar expands in India Oct 20, 2009
Qatar Airways currently operates 56 flights a week between Doha and India daily non-stop services to Delhi, Mumbai, Chennai, Hyderabad, Ahmedabad, Trivandrum, Cochin and Kozhikode. The addition of Amritsar and, soon, Goa will take Qatar Airways Indian capacity up to 64 flights a week. (iAfrica.com)
Diwali Sweetener: Google employees get surprise bonus Oct 20, 2009
CHENNAI/HYDERABAD: Employees of Google, the worlds most popular search engine, got more than just sweets and wishes this Diwali ... Google has over thousand employees in India, its second largest employee base after US. Employees ET NOW spoke to said Googles India employees, spread across its centres in Gurgaon, Bangalore and Hyderabad and different levels received the mail about the bonus payment. (India Times)
Can't afford a top-of-the line CEO? Rent one! Oct 19, 2009
Coupon now has six stores in locations such as Hyderabad, Raipur and Kozhikode, and Dalmia is hopeful that 12 stores will be up by January 2010, taking its revenues from the current Rs 80 crore to Rs 175 crore. Also Read. (India Times)
India Inc going green in a big way Oct 18, 2009
Thus Hyderabad Airport, ITC-Welcomgroup, Infosys, TCS, Agilent, HP, IBM, all claim to be going green. It adds to the feel good factor too, and marketers make buyers feel good about the fact they will contribute something to the environment by buying this product. (India Times)
CMC profit rises 23% to Rs 35 crore Oct 17, 2009
HYDERABAD: Computer Maintenance Corporation (CMC) recorded a 23% growth in net profit during the quarter ended September 2009 to Rs 34. 7 crore from Rs 27. (India Times)
AAI to levy user fee at airports Oct 17, 2009
Consortia headed by private firms and having AAI as an equity partner operate the airports in Bangalore, Delhi, Hyderabad and Mumbai where a user fee is charged ... At the Hyderabad airport which has been built by the GMR Group, the user fee is Rs 1,000 for international passengers and Rs 375 for domestic passengers while in Bangalore the fee is Rs 1,070 for international passengers and Rs 260 for domestic passengers. (India Times)
Cognizant snaps up UBS' Indian captive for $75 million Oct 16, 2009
CHENNAI/HYDERABAD: UBS, Switzerlands biggest bank by assets, has sold its Indian back-office captive to multinational services firm Cognizant Technology Solutions for around $75 million along with a five-year outsourcing contract worth up to $442 million ... While around 2,000 staff of UBS India captive unit in Hyderabad will move to Cognizant as part of this transaction, the banks captive operations in Poland has not been included in this deal, a Cognizant spokesman added. (India Times)
Islamic finance diploma for muftis Oct 15, 2009
HYDERABAD: A madrassa in Hyderabad will offer a diploma course in Islamic finance to muftis, for the first time in India, to create specialists in modern economics with a knowledge of Islamic principles of investment. The admission has already begun at the Al-Mahad Al-Aali Al-Islami madrassa. (India Times)
Look-out notice against Kampani stayed Oct 15, 2009
HYDERABAD: High-profile deal maker and well-known investment banker Nimesh Kampani, who has been outside India after the city-police filed a criminal case against him for allegedly defrauding depositors of the erstwhile Nagarjuna Finance, can now return to India ... In December last year, the Hyderabad police had arrested KS Raju, the chairman of Nagarjuna Finance. (India Times)
India's longest flyover to open in Hyderabad this Diwali Oct 15, 2009
India's longest flyover to open by Diwali - Hyderabad - City - The Times of India ... The flyover, which has been constructed by the Hyderabad Metropolitan Development Authority, will be named after late Prime Minister P V Narasimha Rao ... 6 kilometre elevated corridor, considered as the longest flyover in India connecting the Hyderabad to the new airport, is expected to be thrown open by Diwali. (India Times, India)
Premium goods back on the shelf Oct 15, 2009
Glaxo SmithKline Consumer Healthcare says the test-marketing of its premium imported anti-snoring product Breathe Right in Chennai, Hyderabad and Bangalore has generated encouraging response from consumers. We expect far more numbers of high-end brands coming in, as the market fragments, said Shubhajit Sen, the firms executive vice-president for marketing. (India Times)
Maytas Properties ties up with Bangalores Shriram Oct 14, 2009
HYDERABAD: Maytas Properties, a closely-held firm run by the son of disgraced Satyam founder B Ramalinga Raju, has tied up with Bangalore-based Shriram Properties to develop a prime property in Chennai. It hopes to get loans from banks by pledging the sale proceeds of the developed property as collateral and raise money from banks to complete the upmarket Maytas Hill County project. (India Times)
IL&FS' Saha to run show at Maytas Infra Oct 13, 2009
HYDERABAD: Arun K Saha, joint managing director of Infrastructure Leasing and Financial Services (ILill call the shots at Maytas Infra, once owned by the defamed promoters of Satyam Computer Services. While Ravi Parthasarthy, the chief of ILll oversee the company as chairman of the Maytas board, his colleagues will take charge of the day-to-day operations. (India Times)
Cricket NSW counting the coins as Blues look to be world's best Oct 13, 2009
The Blues were trying to arrange travel to Hyderabad last night for their second-round match against as-yet-to-be-determined opponents. They were the first team to advance through the draw - money in the bank. (Sydney Morning Herald -- Sport)
Tweets to help IIM connect with alumni Oct 12, 2009
Now, its structured properly and has set up 11 chapters six in India (Bangalore, Mumbai, Delhi, Hyderabad, Chennai and Kolkata) and the remaining in New York, London , Singapore, Hong Kong and Dubai. REACHING OUT. (India Times)
BA offers $40 round-trip US-India fare by mistake Oct 10, 2009
Qatar flies directly non-stops from Doha to Delhi, Mumbai, Kolkata, Hyderabad, Thiruvananthapuram, Kochi, Kozhikode. A Doha-Bangalore flight is next in line. (India Times, India)
'Outside' support for MNS campaign Oct 10, 2009
The party that prides itself as the champion of the Marathi cause, actually uses a call centre in Hyderabad, Andhra Pradesh, to tap voters in Mumbai through mobile phone marketing. The low cost offered by the hitech city could be one reason why MNS outsourced a critical part of its make-or-break political campaign to a neighbouring state. (India Times)
Get the flavour of Istanbul through filo pastry Oct 9, 2009
Filo itself was a later development and not really seen here, though some court cuisine like that of Hyderabad , where there were direct links with Turkey (the seventh Nizam married an Ottoman princess), have similar dishes. The fact that most Indian wheat is low-gluten probably also limited its development here. (India Times)
MSatyam partners with Vision Sol Oct 7, 2009
HYDERABAD: IT services firm Mahindra Satyam on Wednesday announced a global alliance partnership with Vision Solutions, the worldwide provider of IBM power high availability (HA), disaster recovery (DR) and transformation solutions. This alliance will further strengthen Mahindra Satyams offerings in these segments. (India Times)
Realty developers' tall claims fail to impress buyers Oct 7, 2009
DLF, the country's largest builder, has raised the price at its Capital Greens project by 25% to Rs 5,677 per sq ft. In Madhapur, Hyderabad, a 2,000 sq ft flat, which cost Rs 30 lakh in 2008, has doubled to Rs 60 lakh ... "We have delayed our purchase in anticipation of a further fall in prices," said GV Rao, an ex-employee of Andhra Bank, in Hyderabad. (India Times)
Deccan floods may drown household budgets, India Inc Oct 7, 2009
In Hyderabads vegetable mandis, arrivals are down by half ... (With inputs from Sai Deepika Amirapu in Hyderabad, Arun Iyer in Bangalore, Gouri Agtey Athale in Pune and Pramugdha Mamgain in Delhi). (India Times)
Floods: 2.5 mn homeless, 250 dead Oct 6, 2009
HYDERABAD: Rescue workers used sandbags to stop a raging river from breaching its embankment near Vijayawada on Monday as floods triggered by heavy rains over the last week left 2. 5 mn people homeless. (India Times)
Capacity addition by cement companies make investors nervous Oct 5, 2009
For instance, in Hyderabad, prices are currently at Rs 190 200 per bag, down nearly Rs 30 over the past few months. In other key markets like Mumbai, prices are currently at Rs 255 per bag and have declined by Rs 5 per bag during the monsoon season, but they are still stronger compared to a year ago. (India Times)
Irda rejects FINWEB proposal Oct 5, 2009
HYDERABAD: The insurance regulator Irda has shot-down a proposal to register all financia 00004000 l advisors with the Financial Well-Being Board of India (FINWEB), an agency to write rules on the common minimum standards for over 3 million sellers of insurance, pension and mutual fund products. The proposal, aimed at protecting interests of 188 million investors in the country, features in a consultation paper of a panel set up by the High Level Committee on Financial Matters (HLCCFM), an apex... (India Times)
Harley-Davidson to select dealers Oct 5, 2009
While Punjab, Bangalore, Hyderabad, Mumbai and New Delhi are our priorities for opening dealerships in 2010, we are more than happy to consider applications from other locations that make business sense for both the dealer and Harley-Davidson. Our aim is to create a strong network of dealers that will provide our riders a world-class ownership experience, he further added. (India Times)
Arun Tadanki, MD, Yahoo India Oct 4, 2009
He is a part-time DJ, who got trained at Denon DJ School, Singapore, likes playing rock music from the 70s and 80s and is a regular performer at some of the best discotheques in the country including Dublin, ITC Luxury Collection hotel, Hyderabad, India Gurgaon. In an interview with ET, Tadanki, who joined Yahoo. (India Times)
IRDA seeks info on bank commission Oct 2, 2009
HYDERABAD: Insurance regulator IRDA has directed insurance firms to pro 00004000 vide information on the commission paid to banks which sell insurance products. The move assumes significance as a panel set up by IRDA is weighing the pros and cons of allowing banks to sell products of multiple insurers. (India Times)
GE plans to turn India gradually into a sourcing base Oct 2, 2009
At GE Day, its annual two-day jamboree in Hyderabad, the company announced that it would be setting up a wind turbine manufacturing plant in South India by mid next year. For a company that has a presence in manufacturing primarily through local partners, this is a big step forward. (India Times)
Sanghi bros row: Hope of early settlement dims Sep 30, 2009
HYDERABAD: The prolonged feud between promoters of the Rs 6,000-crore Sanghi Industrial Group has intensified, dashing hopes of an early settlement entailing the apportionment of assets and liabilities among the four brothers. The elder brothers Anand Prakash Sanghi and Sudhir Sanghi are locked in a legal tussle with their younger siblings Girish Sanghi and Ravi Sanghi. (India Times)
Sony Ind eyes 25% growth on Diwali Sep 26, 2009
HYDERABAD: Sony India, one of the largest consumer electronics brands, has set a target of 25 per cent growth during festive period (September/October) in Andhra Pradesh. Addressing the media here last evening, Masaru Tamagawa, Managing Director, Sony India, said the last year's sales turnover during the two months was Rs 45 crore in Andhra Pradesh. (India Times)
Mumbai to see highest demand for residential space Sep 26, 2009
Hyderabad is expected to witness an office demand of 16. 6 million sq ft. The residential demand for Hyderabad is expected to be 2,90,000 units, and like Bangalore , is expected to see the highest compounded annual growth rate of 14. (India Times)
GE extends deal with MSatyam Sep 25, 2009
HYDERABAD: The US-based conglomerate General Electric (GE) has extended its multi-million dollar contract with Mahindra Satyam for three years starting January 1, 2010, giving a boost to the IT firm, which has started winning new outsourcing deals. Mahindra Satyam, which also counts Citigroup, GlaxoSmithKline (GSK), Cisco Systems and Nissan, among its clients, is one of the top three vendors for GE. Its contract with GE has been for over a decade now in specialised areas of development,... (India Times)
IIM-A board to discuss autonomy today Sep 25, 2009
The institute is mulling over setting up a satellite centre in Hyderabad, which will also come up for discussion at the board meeting. It is worth mentioning here that the faculty members of the institute had come out in opposition of the remuneration offered to them by the Union HRD ministry based on the Govardhan Mehta committee recommendations. (India Times)
Wells Fargo hiring in India Sep 25, 2009
Mr Ellis said the companys recent recruitments in its Hyderabad office have ranged from from 1 to 50 or more in a month and currently has people strength of over 800 spread across technology and business operations. Neither Wachovia nor Wells Fargo has any retail or commercial banking operations in the country, but Wachovia is active in global payments, cash management, trade finance, treasury services and other activities. (India Times)
TCS bags 5-year project from AP govt Sep 24, 2009
HYDERABAD: IT services provider Tata Consultancy Services (TCS) has won the country's largest state-wide area network (SWAN) project from the Andhra Pradesh government. The five-year project is based on a build, own, operate and transfer (BOOT) model. (India Times, India)
Axis Bank offers car loans at 9% Sep 23, 2009
The bank has started offering interest rates of 9% across all car models in Hyderabad, Chennai and Bangalore. It has also waived processing fees, and the rates are valid till the end of the month. (India Times)
Invest Maximiser Plan launched Sep 23, 2009
HYDERABAD: AEGON R 00004000 eligare Life Insurance today launched its unit linked insurance plan 'AEGON Religare Invest Maximiser Plan,' which it claimed was a ULIP with the highest IRR currently available in the industry. This plan has the lowest charges which help customer maximise their investments, AEGON Religare Chief Executive Officer, Rajiv Jamkhedkar, told media persons here. (India Times)
Will Dell be able to take on IBM, HP in services? Sep 22, 2009
It has 8,500 people in India in different facilities in Noida, Bangalore, Chennai, Coimbatore and Hyderabad. The company focuses on verticals like healthcare, telecom, manufacturing, government, BFSI, logistics, engineering services and business process outsourcing. (India Times)
