T HUB HYDERABAD
Fintechs' secure credit play; New Jersey turns IT hub
Happy Monday! Fintech companies like Cred, PhonePe and Paytm are seeking partnerships with NBFCs to enter the secured credit market. This and more in today’s ETtech Morning Dispatch.
Bengaluru emerges as a hub for machine learning engineers
Vacancies for machine learning (ML) engineers more than doubled in Bengaluru, underscoring the city's status as a hub for advanced technology roles. HR generalists surged by 53%, and operations managers by 45%.
ET Make in India SME Summit in Hyderabad: Small businesses should adopt modern technology as soon as possible
ET MSME Regional Summit: Hyderabad’s startup ecosystem has come a long way and is now focussed on hi-tech areas such as drone technology and space manufacturing. More and more small businesses should embrace AI and other modern technologies if they want to survive for long.
Japanese meditech Olympus Corporation to establish R&D and offshore development centre in Hyderabad
Olympus currently has R&D centers in Japan, US and Europe and is planning to leverage Indian local talent and resources to drive advancement in Indian medical technology. The decision follows a strategic agreement with HCL Tech, aimed at expanding Olympus' innovation generation activities globally. Olmpus makes medical devices such as endoscopy, imaging systems, surgical instruments.
Saudia Group keen to offer MRO services for Indian airlines
Saudia Group is focused on increasing flights between Saudi Arabia and India and offering MRO services to Indian carriers. They have already set up a Maintenance, Repair and Overhaul (MRO) facility in Saudi Arabia, which will be fully operational next year. The group aims to boost tourism from India to Saudi Arabia, with expectations of 7.5 million Indian tourists by 2030. This was discussed at the CAPA India Aviation Summit 2024.
From 'CEO CM' to kingmaker: You can't write off N. Chandrababu Naidu
Nara Chandrababu Naidu, also known as CBN, began his political career in the 1970s with the Congress Party before becoming the leader of the Telugu Desam Party (TDP). He is now highly sought after in Delhi, as his TDP has secured 16 Lok Sabha seats and achieved a sweeping victory in the Andhra Pradesh assembly elections.
- Go To Page 1
Infra push, talent access helps satellite cities reshape India's commercial realty
India's commercial real estate landscape in satellite and tier II cities is undergoing significant transformation due to robust infrastructure development, strategic urban planning, talent availability, and lower cost of living. Cities like Navi Mumbai, Pune, Gurugram, Noida, and Hyderabad have seen extensive investment in road networks, metro connectivity, and digital infrastructure, making them attractive hubs for businesses.
Bengaluru, Hyderabad see jump in IT sector job opportunities in April: Report
The report highlighted a notable surge in job clicks, observing a 161 per cent surge in job seeker engagement in Hyderabad and an 80 per cent increase in Bengaluru. However, the report highlighted an overall reduction in IT job openings nationwide, with job postings decreasing by 3.6 per cent. This trend suggests that tech firms are exercising caution in recruitment amid the uncertain global economic conditions.
Quality of life better in Kochi, Thrissur as compared to major Indian cities like Delhi, Mumbai, Bengaluru, and Hyderabad: Oxford Index
In terms of factors such as livability and attractiveness influencing migration patterns, major cities like Mumbai, Delhi, and Bengaluru have scored lower than Kochi and Thrissur, according to the Oxford Economics Global Cities Index. The Quality of Life category evaluates indicators measuring the advantages of residing in each city and residents' well-being, encompassing financial and health outcomes, as well as access to amenities. Mumbai, the financial capital of India, ranked 915, while the national capital, Delhi, secured the 838th position. Bengaluru, known as the IT hub, was rated at 847, while Hyderabad received a score of 882.
Housing prices in this Bengaluru area jumped 32% in Q1; know how much property prices have risen in your city
Average housing prices in Bengaluru have increased by 19% year-on-year (YoY) in the January-March quarter of 2024. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city
ET Make in India SME Regional Summit in Hyderabad will focus on the state’s high-tech prowess
Starting with the tech-powered city of Hyderabad, the ET Make in India Regional Summit aims to power the state’s MSMEs leveraging on its innovative quality.
ET Make in India SME Regional Summit to kick off with the high-tech city of Hyderabad
After carving out a strong identity for itself, the ET Make in India Regional Summit is all set to begin a fresh innings this year. It becomes crucial as the country aims to tap the various opportunities the world is offering in the midst of economic and geopolitical shifts.
South side story: Can attractive sops turn Chennai into a hub for GCCs?
Can a slew of attractive sops from the state government and a competitive workforce turn Chennai into a hub for GCCs, positioning the state as a healthy alternative to Bengaluru and Hyderabad? In addition to banks and automotive firms, manufacturing, pharma, tech and product companies in the fintech space are considering setting up GCCs in Chennai.
Savills to triple its business in India in 3 to 5 years
Savills targets tripling business in India over 3-5 years, focusing on acquisitions in facility management. Top markets are UK, US, China, and Southeast Asia. Growth hubs include Bangalore, Delhi, Hyderabad, Mumbai, and Kolkata.
GCCs in India looking to strengthen digital capabilities: report
Indian GCCs focus on AI/ML, data analytics. CIOs prioritize AI in 2024. ANSR report notes talent development, market growth, tech hubs like Bengaluru, Hyderabad, and emerging locations like GIFT City.
Hyderabad water board identifies 32,000 consumers in IT belt as water guzzlers
Hyderabad water crisis prompts collaboration between Hyderabad water board and 18 NGOs to promote rainwater harvesting among high water consumers in upscale areas. Survey reveals groundwater depletion with 65% borewells dried up. NGOs to cover 300 sq meters per housing society before monsoon. New fleet of 365 tankers planned to meet water demand.
Hyderabad’s proposed elevated corridor to boost entrepreneurial ecosystem and promote development
Hyderabad's proposed elevated corridor will revolutionize connectivity, infrastructure, and development in Genome Valley, benefitting life sciences companies. The corridor is a strategic move to propel Hyderabad as a leading life sciences hub, attracting investments and fostering innovation in the sector.
Bengaluru water crisis: India’s most innovative cities are running out of water
During the construction of Egypt's pyramids, the Indus Valley civilisation thrived with advanced cities, art, and undeciphered writing. Now, a drought is driving tech professionals away from Bengaluru, as water shortages worsen in southern India. The region's economic importance and political challenges make addressing water scarcity crucial for its future prosperity and global impact.
India looks for new Bengalurus as its Silicon Valley goes downhill
Bengaluru's severe water crisis and traffic congestion are prompting tech giants to consider relocating from the $245 billion IT hub. The city's civic challenges may impact India's IT industry landscape, compelling companies to explore emerging cities.
Water, traffic woes threaten Bengaluru's Silicon Valley tag
Bengaluru's water crisis and traffic gridlock threaten its tech-driven economy and property market. Hyderabad and Pune emerge as alternative tech hubs. Investments in infrastructure and water management are crucial to restore confidence and maintain Bengaluru's global stature.
Bill Gates visits Microsoft's India Development Center in Hyderabad
The development centre is celebrating its 25th year of research, engineering, and development, marking its pivotal role in shaping world-class products such as Azure, Windows, Office, Bing, Copilot, and other AI applications, according to the company.
Bristol Myers Squibb opens innovation hub in Hyderabad
Bristol Myers Squibb (BMS) has opened an innovation hub in Hyderabad, India, to expand its global drug development, information technology, and digital capabilities. The facility, expected to house over 1,500 employees, represents an investment of over $100 million. BMS aims to accelerate drug development, enhance digital capabilities, and diversify its global workforce by tapping into local talent in Hyderabad.
Microsoft GitHub has 13 million Indian developers, to pip US by 2027: Satya Nadella
During the second day of his Microsoft AI Tour in India, Microsoft chairman and chief executive Satya Nadella highlighted the impact Indian developers are making in building cutting-edge products and solutions that solve challenges for the nation and accelerating deployment of AI innovation globally.
Numaligarh Refinery Ltd hosts Clean Energy Hackathon 2024
The NRL iDEATION Clean Energy Hackathon 2024, organized by Numaligarh Refinery Limited (NRL), successfully concluded with over 180 innovators participating. The event aimed to promote breakthroughs in green energy, reflecting NRL's commitment to achieving Net Zero goals by 2038. The hackathon showcased innovative ideas in areas such as green hydrogen generation and biofuels, highlighting NRL's support for grassroots innovation.
Jeh Aerospace sets up manufacturing hub in Hyderabad
The setting up of the hub comes close on the heels of the platform securing seed funding worth $2.75 million from General Catalyst as well as aerospace industry veterans such as Airbus India former CEO and MD Dwarakanath Srinivasan and former president, Boeing India Pratyush Kumar.
Jeh Aerospace sets up manufacturing hub in Hyderabad
Aerospace and defence manufacturing startup Jeh Aerospace inaugurated its manufacturing hub in Hyderabad, offering manufacturing solutions to the aerospace and defence industry. The facility, extendable up to 160,000 sq ft, aims to reshape the global aerospace and defence supply chain, providing scalable manufacturing solutions through vetted supplier networks.
Hyderabad may become India's defence manufacturing hub; city gets ₹1,500 crore boost from Adani Group
In a strategic move, the Adani Group is investing ₹1,500 crore over the next two to three years in Hyderabad, aiming to make it a key hub for manufacturing missiles and unmanned vehicles. Ashish Rajvanshi, CEO of Adani Defence & Aerospace, highlighted the city's significance, envisioning it as a buzzing center for Adani's ambitious plans. The company aims to produce various missiles and unmanned systems, collaborating closely with DRDO and initiating work on counter drone systems. The recent unveiling of the Drishti 10 'Starliner,' India's first indigenous UAV, further solidifies Hyderabad's role in defense innovation.
Beyond Hyderabad: Holy town Tirupati fast emerging tech hub in Andhra
Tirupati, Visakhapatnam, and Vijayawada have been listed as emerging technology hubs in India, according to a report by Deloitte India and Nasscom. These tier-II cities from Andhra Pradesh offer significant economic advantages, including cost savings of 25-30% in talent pool and 50% in real estate rental costs compared to tier-I IT hubs.
Load More
