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Tag: Telangana

Telugu new year day “Ugadi” being observed today

Ugadi
  • Telugu New Year day Ugadi’ being observed today.
  • The festival is being observed across the two Telugu states, Telangana and Andhra Pradesh to mark the beginning of the Hindu Lunar calendar.

BioAsia Summit 2020 launches in Hyderabad

BioAsia Summit 2020

The Government of Telangana organizing Bio-Asia Summit 2020 in Hyderabad between February 17, 2020, and February 19, 2020. The main aim of the summit is to explore the capabilities of Life Science Companies and their investments.

Telangana: Closure of Hindustan Fluorocarbons plant approved

The Union Cabinet on Wednesday approved closure of Hindustan Fluorocarbons Ltd (HFL), a central public sector enterprise with just 88 employees. The decision was taken in a meeting of Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.

HFL has only one plant located at Rudraram, District Sangareddy in Telangana. HFL has been making losses since 2013-14 and has negative net worth. Government granted a interest free loan of over 77 crore rupees to HFL for expenditure exclusively on closure.

Hyderabad in global top 20 in home price appreciation

Hyderabad has emerged as the only Indian city in top 20 among 150 global cities, in terms of appreciation in residential real estate prices, standing at the 14th spot with a 9% on-year rise in home prices, as per the Knight Frank’s Global Residential Cities Index Q3 2019.

Budapest leads the index, with the highest annual growth rate of 24%, followed by Xi’an and Wuhan in China at 15.9% and 14.9 per cent, respectively. Among other Indian cities that have seen an appreciation in home prices, New Delhi stood at the 73rd rank globally, with a 3.2% rise; Bengaluru at the 94th rank with a 2% appreciation and Ahmedabad at the 108th rank with a 1.1% growth.

Among the Indian cities which have seen de-growth in home prices, Kolkata was ranked at the 130th spot with a decline of 2%, Mumbai at the 135th rank with a de-growth of 3% and Chennai at the 136th rank with a fall of 3%. Pune was the lowest-ranked Indian city standing at the 138th spot, registering a 3.5% decline in home prices.