Mumbai: An IndiGo flight from Goa to Mumbai received a bomb threat on Monday evening that later turned out to be hoax after security checks. After landing at the Mumbai airport, the aircraft operating the flight 6E 5101 was taken to an isolation bay and all passengers safely disembarked, an airline spokesperson said in a statement on Tuesday. All standard operating procedures were followed and the aircraft was positioned back to the terminal post clearance from relevant authorities, the spokespe

Hyderabad: A real estate scam whereupon buyers are being sold undeveloped plots, which are devoid of the promised amenities like roads, electricity and parks, has come to light. Of the many developers who are into such nefarious deals is Suvarnabhoomi Developers, against whom six complaints have been registered with the Real Estate Regulatory Authority (RERA). Incidentally, RERA-registered developers like Maha Infra and Axis Constructions purchase land, obtain layout approvals from HMDA and sell

Hyderabad :The LB Nagar police registered a case against the officials of Kirthi Infra, real estate company, following a complaint on Tuesday. The case was booked based on a complaint lodged by Bharatha Raveender, a resident of Chanchalguda, in December. Bharatha claimed that representatives from Krithi Infra, including D. Srikanth, D. Gopal, Bhukya Radha, and executive director Shashi Kanth, approached him through their sales manager Supriya and offered to sell an apartment in a 16-floor gated

Hyderabad: Governor Jishnu Dev Varma on Sunday said cost and management accountants (CMAs) have played a crucial role in the development of the Indian economy by ensuring financial discipline, cost optimisation, and resource management. Speaking at the diamond jubilee Celebrations of the Institute of Cost Accountants of India (ICMAI), Hyderabad, the Governor highlighted the significance of CMAs in driving India towards becoming a $5 trillion economy and contributing to the goals of Vision India

Mumbai: Amidst an uncertain global macroeconomic and financial environment, the Indian economy is exhibiting resilience and stability with the Gross Domestic Product (GDP) projected to grow at 6.6 per cent in 2024-25. The growth would be aided by the revival in rural consumption, pickup in government consumption and investment and strong services exports said the Reserve Bank of Indias (RBI) Financial Stability Report December 2024 released on Monday. In his foreword to the Report RBI Governor S

Mumbai: Shiv Sena (UBT) leader Sanjay Raut on Sunday slammed Prime Minister Narendra Modi stating that the countrys progress has declined under Modis regime. Indias economic condition has clearly deteriorated, he said. Raut claimed that India has become a sick and crippled economy. In his weekly column Rokthok in party mouthpiece Saamana, Mr. Raut said that even moral values have gone down during the Modi regime. Indias economic condition has clearly deteriorated. Modi had spoken about making In

Sri City won two awards in a convergence of great brands and extraordinary leadership. Sri City won two awards in a convergence of great brands and extraordinary leadership. Tirupati: Sri City, an integrated business hub in Tirupati district, has secured Rs 3,750 crore in investments during 2024, significantly boosting the region's economy. These investments are expected to generate over 17,000 new employment opportunities. Total 15 memoranda of understanding have been signed, with nine new comp

Hyderabad: Since its establishment on July 19, the HYDRAA has reclaimed nearly 200 acres of land by removing encroachments from 12 lakes, eight parks, and four government properties, according to the agencys commissioner A.V. Ranganath. Announcing these achievements during a press meet to present the agency's annual report for 2024 and road map for 2025, here on Saturday, Ranganath said the HYDRAA has identified around 1,025 water bodies in the GHMC area using Survey of India topology sheets, c

Hyderabad: Just as in his first 1991 Budget, former prime minister Manmohan Singh was confident and optimistic about India's future. In his last interview in September 2023 to a national daily, Dr Singh said India can rise to become an economic powerhouse of the world in the coming decades through emphasis on manufacturing and production combined with services. As the world transitions to an environment-friendly development model, it opens new avenues such as green mobility, minerals and clean t

Hyderabad: Manmohan Singh steered the country's economy towards progress during a critical period as finance minister and later made praiseworthy contributions as prime minister, said Vani Devi, daughter of former PM P V Narasimha Rao. Vani Devi, an MLC of Bharat Rashtra Samiti (BRS), said the situation in the country would have been unimaginable had the economic reforms undertaken by Singh as finance minister been not taken up. Singh never hankered for power but positions came to him because of

New Delhi: Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund (IMF) Gita Gopinath said on Friday. In a social media post on X, Gopinath further said Singh's visionary reforms inspired countless young economists like her. Dr Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic pros

Medak: Vice President Jagdeep Dhankhar on Wednesday said that Prime Minister Narendra Modi raised the vocal for local slogan inspired by Mahatma Gandhis Swadeshi movement. India will emerge as the third biggest economy in the world by overcoming Japan and Germany soon, he said, adding interest in foreign goods would adversely affect the country. Speaking at the natural and organic farmers summit -2024, organised by ICAR-Krishi Vigyan Kendra, at Tuniki village in Medak district on Wednesday, Dha

New Delhi: India's economy is likely to grow by 6.5 per cent in the current and the next financial year, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. This was primarily because two domestic demand components -- private final consumption expenditure and gross fixed capital formation -- together accounted for a fall of 1.5 percentage points according to a EY report. Real GDP growth eased to a se

Even as most taxpayers will be busy this coming week making plans for the year-end and the New Year, Union finance minister Nirmala Sitharaman and her colleagues will be pouring over numbers and cogitating over ideas finalising the Budget statement and speech scheduled for February 1. While the speech itself goes through several drafts till almost the very last day, with the Prime Minister giving his imprimatur, the budgetary numbers and major proposals would be in the pipeline by early January.

Hyderabad: The Economic Offences Wing (EOW) of the Cyberabad police arrested two persons for allegedly cheating people of `3.1 crore in the name of real estate investment and good returns with a buyback scheme. According to the police, the accused were identified as Maguluri Chandra Reddy and Maguluri Aruna alias Aruna Kumari, residents of Kondapur. Police had received a complaint from Jonnala Srinivasa Reddy, a resident of Nizampet. According to the police, the accused persons had induced about

New Delhi: The HSBC Flash India Composite Output Index, which tracks combined output across manufacturing and services, rose to 60.7 in December from 58.6 in November, signaling the strongest expansion since August 2024, according to HSBC data compiled by S&P Global. India's private sector witnessed robust growth in December, marking its highest performance in four months. Both the manufacturing and services sectors showed accelerated growth, supported by increased new business inflows and heigh

Hyderabad: IT and industries minister Duddilla Sridhar Babu reiterated the governments ambitious goal of transforming the state into a trillion-dollar (Rs 84 lakh crore) economy over the next decade. He highlighted that artificial intelligence (AI), semiconductors, and quantum computing will serve as key drivers for this exceptional economic growth. Speaking at the conclusion of the IAmPhenom India conference, organised by global AI leader Phenom at Hitec City on Friday, the minister emphasised

According to DBS the Asia-10 economies are China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. According to DBS the Asia-10 economies are China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. Chennai: With its per capita income far exceeding the national average, Tamil Nadu was faring better in its contribution to national economy and the state's industries and services sectors played

Hyderabad : Dr T.M. Balakrishnan Nair, director of the city-based Incois, said that the ocean held the key to mitigating disasters and unlocking sustainable economic growth. He highlighted the role of advanced technologies and predictive modelling in reducing the risks posed by natural disasters. As part of the India Meteorological Departments 150th-anniversary celebrations, Dr Nair spoke about how real-time oceanographic data, wave forecasting, and storm surge predictions empower coastal commun

Mumbai: Telangana has slipped one place to be the fifth largest contributor to the countrys economy for 2023-24 according to the Reserve Bank of Indias Handbook of Statistics on Indian States released Monday. The net state domestic product (current prices) for Telangana rose to Rs 13.61 lakh crore from Rs 11.87 lakh crore in 2022-23, a growth of 15 per cent. The first place was taken by Maharashtra that had a net state domestic product of Rs 35.24 lakh crore in 2023-24 compared to Rs 31.79 lakh

Says BJP-led govt worked tirelessly to bridge gap between Delhi, NE

Federal Bank has launched an extraordinarily transformative initiative Kaliyum Karyavum, an event aimed at educating school children on essential life skills through captivating traditional art forms. With a history spanning over 90 years, Federal Bank, deeply rooted in Kerala, is leveraging its profound understanding of the state's cultural legacy to make learning engaging and impactful. Today's students are the future architects of our economy. And the Bank's mission has always been more than

As part of the initiative, the state government will supply fruits, vegetables, meat, and poultry to the ITBP. These produces will be procured from local farmers, self-help groups (SHGs), farmer producer organisations and farmer cooperatives, according to a statement from the Chief Minister's Office

Hyderabad: Banyan Nation, a start-up in plastic waste recycling, is set to make a significant contribution to the states circular economy with a Rs 200-crore investment for large-scale expansion, IT minister Duddilla Sridhar Babu announced on Thursday. Speaking after meeting Banyan Nation representatives, the minister said Banyan Nation was operating a recycling facility in Pashamylaram Industrial Area at Patancheru Mandal, with an annual capacity of 15,000 tonnes, Banyan Nation aims to triple i

Mr Goyal said that he raised the issue with his French counterpart during talks held a day earlier

Hyderabad: Rich Indian entrepreneurs are spending their wealth on luxury residences, goods and experiences as they remain optimistic about their business prospects in the home market and believe their personal wealth will grow, despite geopolitical uncertainty and global macroeconomic headwinds, HSBCs Global Entrepreneurial Wealth Report 2024 reveals. HSBCs Global Entrepreneurial Wealth Report 2024 provides a unique insight into the attitudes of wealthy business owners around the world, includin

Starting Nov. 30, travelers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa, Foreign Ministry spokesperson Lin Jian said

Hyderabad : Union Minister and Telangana BJP president G Kishan Reddy on Sunday alleged that the Congress government's Musi rejuvenation and beautification plan is othing but a cover for destroying poor families' homes and benefiting real estate developers. The demolition of houses is not a solution, and the easiest way for the government is to construct retaining walls along the Musi, he told reporters here. Alleging that the ruling government in Telangana is planning to demolish houses built

On July 10, the ED had filed a detailed reply in the case and opposed P Chidambaram's previous anticipatory bail. (Photo: File) On July 10, the ED had filed a detailed reply in the case and opposed P Chidambaram's previous anticipatory bail. (Photo: File) Mumbai: Senior Congress leader P Chidambaram said on Saturday that his party built Maharashtra brick by brick to make it India's top state but its economy is now declining under the current Mahayuti government. Addressing a news conference ahea

New Delhi : Global rating agency Moodys Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. However, it flagged concern over rising prices, saying that inflation risks may prompt the Reserve Bank of India (RBI) to retain a relatively tight monetary policy this year. The retail inflation jumped to a 14-month high of 6.21, breaching the RBI's uppe

New Delhi: The government is likely to focus on spending a major chunk of funds in the rural sector in the second half of this fiscal (FY2024-25). Gearing up, the government plans to spend about 60 per cent unspent funds for the sector which have been allocated in the last budget in July, aiming that rural demand and government spending will be key drivers of India's economic growth, a top government source said on Friday. The rural sector contributes a significant amount to Indias GDP, and is

New Delhi : Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary poli

Singhdeo suggested leveraging funds from the District Mineral Foundations (DMFs) to support backyard poultry initiatives that focus on indigenous poultry breeds and scientific farming methods

State expects to achieve a growth rate of 15% per year under Swarnandhra Vision Document 2047, says CM

Hyderabad: State BJP president and Union minister G. Kishan Reddy said that the Congress government had failed miserably on all fronts and the administration had become paralysed the system. Its 10-month rule reflected the 10 years of BRS rule, he said. Kishan Reddy demanded a comprehensive White Paper on the states economy, including the MoUs signed so far as well as the total debt of the state government. Addressing a press conference here on Sunday, Reddy said that all sections of society, in

New Delhi: The fast-growing Indian online gaming sector is facing a significant threat from money laundering, necessitating urgent steps to ensure its sustained success and protect the country's robust digital economy, a report said on Thursday. The essential measures outlined in a report by the Digital India Foundation include forming a dedicated task force for illegal operators, creating a whitelist of legal operators, combating misleading advertisements, and incorporating principles of financ

Anantapur : Disputes over real estate dealings have been identified as the reason behind the attack on Shivakonda Reddy, the Kadapa TD town president, who was assaulted by five individuals in Kadapa town on October 19. Kadapa police have arrested five suspects: Balisetty Ravi Teja, B Deepak, Shaik Mohammed Inthiaz, Sheikh Sameer, and a minor. CI Tejomurthy reported that both Shivakonda Reddy and Ravi Teja, who are affiliated with TD and involved in real estate, had recently clashed after Reddy a

Washington: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country's macroeconomic fundamentals are good. India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices normali

Hyderabad: Chief Minister A. Revanth Reddy on Sunday announced the target of transforming Hyderabad into a $600-billion (Rs 50 lakh crore) economy and making it compete with global cities like New York, London, Paris, Tokyo and Seoul. This, he said, will contribute to his overall target of a trillion-dollar economy of Telangana. Delivering a keynote speech at the ISB leadership Summit on Sunday, the Chief Minister said: We have an ambitious goal and vision to make Telangana a $1-trillion economy

Bhubaneswar: In a remarkable display of humility and fiscal responsibility, Odisha chief minister Mohan Charan Majhi surprised many on Wednesday when he opted to travel on a regular commercial flight instead of the private jets often used by top politicians. Majhi, accompanied by his wife Priyanka Marandi, flew economy class from Bhubaneswar to Chandigarh, sending a clear message about his commitment to curbing unnecessary public spending. Despite having access to two pre-arranged private jets f

Hyderabad : The Telangana Real Estate Appellate Tribunal began its operations on Wednesday, following the issuance of GO No. 503 by the state government. The tribunal would commence hearings on appeals on the judgments of the Real Estate Regulatory Authority (RERA) starting Friday. This notification allows the tribunal to conduct its activities from Krishna Hostel at the Dr MCRHRD Institute, Jubilee Hills, in Hyderabad. Additionally, GO No. 117 sanctioned 33 permanent posts for the tribunal acro

New Delhi: The Congress on Sunday hit out at the Narendra Modi government over the prevailing condition of the Indian economy. Asserting that the last 10 years have seen highly detrimental economic trends, the Congress on Sunday said the monsoon had receded but at least three dark clouds of languishing private sector investment, stagnating manufacturing and decline in real wages and productivity for labourers still loom over the Indian economy. Taking on Prime Minister Modi, Congress president M

Digitalisation of the Indian economy, along with the increasing use of smartphones in the past few years has propelled cashless transactions and online purchases

NCP MP Supriya Sule with party leader Rohini Khadse. (PTI File Image) NCP MP Supriya Sule with party leader Rohini Khadse. (PTI File Image) Mumbai: Even as the Eknath Shinde government continues to announce populist schemes ahead of the state assembly election, NCP (SP) working president Supriya Sule on Monday warned that the state economy is in trouble. She claimed that Maharashtras fiscal deficit has increased to almost Rs two lakh crore and the revenue deficit has surpassed the three per cent

Hyderabad :Indias unemployment rate has stagnated at 3.2 per cent for the year 2023-24, marking the end of five consecutive years of decline, according to the latest Periodic Labour Force Survey (PLFS) by the National Statistical Office (NSO). This trend is raising concerns about the economys ability to generate enough jobs, particularly as the labour force continues to grow in both urban and rural areas. In rural regions, unemployment slightly increased from 2.4 per cent in 2022-23 to 2.5 per c

Hyderabad: Telangana Chief Minister A Revanth Reddy on Wednesday said his government would make efforts to increase the state's budget from the present Rs three lakh crore to Rs seven lakh crore in the coming four years. Speaking after launching a skill development programme in BFSI (Banking, Financial Services and Insurance) sector here, he said his government would work to make the state a USD one trillion economy. Observing that world-renowned CEOs like Satya Nadella, Shantanu Narayen and Wor

New Delhi: On the 10th anniversary of his government's flagship scheme 'Make in India', Prime Minister Narendra Modi said on Wednesday that it has led to a rise in exports in different sectors, building capacities and strengthening economy. He said on X, Today, we mark 10 years of Make In India. I compliment all those who are tirelessly working to make this movement a success over the last decade. The programme, he said, illustrates the collective resolve of 140 crore Indians to make the nation

Vijayawada : Education, IT and electronics minister Nara Lokesh on Saturday invited investors into AP, so that the fastest-growing Andhra Pradesh could become a one-trillion economy within the next five years. This will enable us to fulfil our goal of creating 20 lakh jobs in the state, as promised by the Telugu Desam-led NDA alliance government in its election manifesto, Lokesh underlined while addressing the Southern Region Council seminar of the Confederation of Indian Industry (CII) in Vijay

BAGALKOT: In a move that would help in enhancing freight operations and promoting regional economic growth, South Western Railway has announced the opening of Lokapur Railway Station in Bagalkot district for goods traffic, effective immediately. Located in Mudhol Taluk of Bagalkot district, Lokapur Station falls under the Hubballi Division of South Western Railway. Strategically positioned in an area known for its sugarcane and cement industries, the station is expected to significantly benefit

Hyderabad :With the position of the chief electrical inspector vacant for 20 days, approvals for new projects have been halted. CEIG approval is required for electrical installations with a capacity greater than 10 kilowatts (kw). Worst affected are real estate projects, residential and commercial, mostly multi-storeyed buildings where the inauguration was planned in the Dasara period. Power connections are given only after CEIG approval, and electricity meters are installed based on the require