Hyderabad, May 15 : Leaders of the opposition Telugu Desam Party (TDP) will meet President Pranab Mukherjee to demand that tainted ministers in Andhra Pradesh be sacked, party chief N. Chandrababu Naidu said Wednesday.
Naidu told reporters that his party had sought an appointment with the president to submit a memorandum. The delegation led by Naidu is likely to call on the president on May 22 or 23 in New Delhi.
Naidu had called on Governor E. S. L. Narasimhan Monday to demand sacking of tainted ministers. He said the governor, despite being the constitutional head, failed to take any action.
Hyderabad, May 15 : Andhra Pradesh Chief Minister N. Kiran Kumar Reddy goes to New Delhi later Wednesday amid dissidence and increasing demands within the Congress party to drop tainted ministers.
He is likely to meet Congress president Sonia Gandhi, party general secretary in-charge of Andhra Pradesh Ghulam Nabi Azad and other leaders to discuss issues facing the party and the government, party sources said.
A section of ministers, including state Congress chief Botsa Satyanarayana, held a series of meetings during last few days and reportedly complained to the leadership about the unilateral decisions being taken by the chief minister.
Hyderabad, May 11 : The main opposition Telugu Desam Party (TDP) in Andhra Pradesh suffered another setback when its senior leader Kadiam Srihari quit the party Saturday.
The former state minister, a key leader in the Telangana region, announced his decision to resign from TDP after consultation with his followers in Warangal district.
Hyderabad, May 8 : State Bank of Hyderabad (SBH) has reported net profit decline of 3.70 percent for fiscal 2012-13. The profit during the year was Rs. 1,250 crore against Rs. 1,298 crore during 2011-12.
Announcing the results for the fourth quarter and the year, SBH managing director M. Bhagavantha Rao attributed the decline to Rs. 485 crore provided for strengthening the balance sheet. He said the bank increased the provision coverage ratio to 65 percent from 62.40 percent.
Hyderabad, May 8 : State Bank of Hyderabad (SBH) Wednesday said it is not considering merger with the State Bank of India (SBI) and that it will continue as an independent bank.
SBI chairman Pratip Chaudhuri had said on Monday that the issue of consolidation of SBI's associate banks may be taken up for consideration after July.
SBH managing director M. Bhagavantha Rao told reporters here that it was not thinking of merger for now.
Hyderabad, May 1 : HIL Limited, a flagship company of the C. K. Birla Group of companies, has joined hands with an NGO in Andhra Pradesh to train and build a talent pool of artisans for the construction industry, an official said Wednesday.
Under the initiative, HIL, formerly Hyderabad Industries Limited, rolled out its first pilot project aimed at creating employment opportunities for the rural and economically weaker people.
Under the project titled 'Tarakki ki Chhaon Mein', HIL alongwith Shramika Educational Society enrolled 25 students from rural Andhra Pradesh for a 45-day course.
Hyderabad, April 30 : TAJGVK Hotels & Resorts Limited's profit declined 68 percent during fiscal 2012-13 and the same came down 88 percent during the fourth quarter ended March 31.
The company, which Tuesday announced its results for Q4 and the year, attributed the decline to slowdown in the economy, increased competition in all geographies and the higher interest and depreciation for its new property.
TAJGVK, a strategic alliance between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL), said its profit before tax was at Rs. 13.60 crore for year ended Mar 2013, compared to Rs. 42.78 crore in the previous year.
Hyderabad, April 25 : Granules India Ltd., a fast growing pharmaceutical manufacturing company, has reported eight percent growth in the net profit during 2012-13.
The company earned a net profit of Rs. 33 crore against Rs. 30 crore during the previous year.
The net sales during the year were Rs. 764 crore, an increase of 17 percent over 2011-12.
Hyderabad, April 25 : Global engineering solutions company Infotech Enterprises has reported Rs. 54 crore net profit during the fourth quarter ended March 31, down by 12.3 percent over the previous quarter.
The revenues during the quarter were Rs. 464 crore, down 2.2 percent QoQ but an increase of 11.3 percent compared to the same quarter previous year.
In dollar terms, the revenues were $86 million, up 3.6 percent YoY but down 1.9 percent QoQ.
Hyderabad, April 22 : The row over the allocation of iron ore mines of Telangana for Visakhapatnam Steel Plant (VSP) hotted up Monday with a minister from Andhra region asking Telangana leaders not to whip up regional feelings over the issue.
Infrastructure Minister Ganta Srinivasa Rao, who addressed a meeting organized by workers at VSP in the costal city of Visakhapatnam, reminded Telangana leaders that their region was getting gas and milk from Andhra and Rayalaseema regions.
"Will you keep quiet if these supplies are stopped," he asked.
Hyderabad, April 19 : Auto major Ford India, which is gearing up to roll out its much-awaited compact Sports Utility Vehicle (SUV) Ford Ecosport in a couple of months, plans to make India the export hub. It is targeting 25 percent exports of its total vehicle capacity in the country.
The vehicle capacity at both its existing plant in Chennai and the upcoming plant near Ahmedabad, which scheduled to become operational next year, will be 440,000 per annum. The engine capacity will be 610,000 units.
Hyderabad, April 18 : After enthralling US audiences with his unique fusion of contemporary ballet with classical Indian and Bollywood dances, American choreographer Gregory Glade Hancock has set his sights on Indian cinema.
Hancock plans to bring his dance company to India on a concert tour of various cities. He is also in talks with some filmmakers who are keen to have him choreograph some special numbers.
Hyderabad, April 17 : Infotech Enterprises, a global engineering solutions company, has opened its office in the heart of Silicon Valley in the United States.
The company's founder and chairman, B. V. R. Mohan Reddy, was joined by local dignitaries to launch the latest addition to Infotech Enterprises' global engineering footprint, said a company statement here.
The new office is currently hiring engineers with experience in ASIC design and verification, analog mixed signal verification, custom layout, DFT, embedded software and other technologies to support on-going and new innovative programs.
Hyderabad, April 11 : Police in Andhra Pradesh will now be able to quickly reach trouble spots anywhere in the state with the extension of the 'Dial 100' facility that was hitherto available only in the cities.
With the '108' ambulance service proving a huge hit in the state over the last few years, the police have also set up a centralized call centre for 'Dial 100'.
Just like an ambulance reaching within minutes of '108' being called, the police will now be able to rush to the trouble spots across the state.
Hyderabad, April 8 : The United Nations World Tourism Organisation (UNWTO) conference on sustainable tourism development is beginning here April 12.
The three-day international conference will also coincide with 25th joint meeting of the UNWTO Commission for East Asia, Pacific and South Asia.
Union Tourism Minister K. Chiranjeevi told a news conference here that the conference would deliberate on the future plans of UNWTO Commission. About 200 delegates from 29 countries are expected to attend the conference, which will discuss and share the best policies and practices around the world.
Hyderabad, April 1 : With cash reserves of $70 million, online portal MakeMyTrip is looking to acquire companies which can bring more value, its CEO and founder Deep Kalra said.
The Nasdaq-listed firm is looking to acquire companies in areas like supplier disintermediation, pilgrimage travel and niche travel technology. MakeMyTrip, which so far had five merger and acquisition deals, is keen to acquire companies which can bring it closer to customers.
Hyderabad, April 1 : With Sri Lankan players barred from playing Indian Premier League (IPL) matches in Chennai, Sunrisers Hyderabad captain Kumar Sangakkara said the spirit of sports is not going to be curtailed by such pettiness.
The Sri Lankan batsman admitted that politics over the issue has affected the Lankan players by restricting their presence.
Hyderabad, March 30 - In a midnight crackdown, Hyderabad police forcibly shifted fasting leaders of the main opposition Telugu Desam Party (TDP) to a state-run hospital after their condition deteriorated.
Policemen lifted 29 TDP legislators into waiting vehicles and shifted them to Nizam's Institute of Medical Sciences (NIMS), where they were forcibly given medical aid.
A police team arrived at the Old MLA Quarters shortly after midnight and shifted the fasting leaders. Police arrested some TDP activists who tried to resist attempts to evict the leaders.
A new team basedin hydradab is set to play in the upcoming glamorous sporting event, the Indian Premier League edition 6, which is scheduled to be held in India from April 3 to May 26, 2013 amid much excitement among cricket fans in the country.
Hyderabad, March 21 : Suspended IAS officer Y. Srilakshmi, an accused in the Obulapuram Mining Company (OMC) scam involving former Karnataka minister Gali Janardhana Reddy, surrendered Thursday before a special CBI court here following the expiry of her interim bail.
Srilaksmhi, who was granted interim bail in October last year, was wheeled into the court room. She gave herself up following March 18 orders of the court. She was later shifted to the Chanchalguda Central Prison.
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