Hyderabad

Advent International to invest Rs.16,650 crore in Telangana

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This investment reflects the growing confidence of companies in the life sciences sector in Telangana.

Updated On – 10:45 AM, Fri – 29 September 23


Advent International to invest Rs.16,650 crore in Telangana



Hyderabad: Advent International, one of the largest global private equity firms, has selected Hyderabad as its headquarters for its Cohance Platform with whopping investment of nearly Rs.16,650 crore.

This investment reflects the growing confidence of companies in the life sciences sector in Telangana.

Industries Minister KT Rama Rao on Friday tweeted “Ecstatic to share that the leading global private equity firm, Advent International has chosen Hyderabad as the headquarters for its “Cohance platform,” with a cumulative whopping investment of USD 2 Billion (approx Rs. 16650 Crores),”

Advent International To Invest Rs.16,650 Crore In Telangana (2)

The Minister met Pankaj Patwari, Managing Director, and Vaidheesh Annaswamy, Operating Partner, to discuss their investment and the ambitious growth plans.

Sharing details of the meeting, the Minister further tweeted “I’m delighted that the company will be establishing a greenfield R&D lab in Hyderabad, underlining the city’s significance in the pharmaceutical sector. Their aggressive growth plans is a testament to Hyderabad’s growing influence in Pharma & Life Sciences sector,”

The Telangana government has set an ambitious target of increasing the life sciences ecosystem in the State to $250 billion in value by 2030 from the current $80 billion.

The Minister exuded confidence that Advent would continue to thrive in Telangana, and assured to extend unwavering support to the industry partners in their growth endeavours. Eom

World

Biden warns of dangerous threats to US democracy

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During a tribute to the late Republican Senator John McCain in Arizona on Thursday, the President remarked, “There’s an extremist movement that does not share the basic beliefs of our democracy: The MAGA movement.”

Published Date – 10:50 AM, Fri – 29 September 23


Biden warns of dangerous threats to US democracy



Washington: In a stark warning about the ongoing existential threats to US democracy, President Joe Biden said “there’s something dangerous happening in America now”.

In an address on Thursday in Arizona to honour his late friend Republican Senator John McCain, the President said: “There’s an extremist movement that does not share the basic beliefs of our democracy: The MAGA movement.”

Using the acronym for former President Donald Trump’s political movement, “Make America Great Again”, Biden went on to say that “there’s no question that today’s Republican Party is driven and intimidated by MAGA Republican extremists”, CNN reported.

“Their extreme agenda, if carried out, would fundamentally alter the institutions of American democracy as we know it.”

The warnings came a day after seven candidates sparred on Wednesday during the second Republican presidential debate, which Trump skipped.

This was the first time Biden publicly called out his predecessor’s antidemocratic behavior since the latter was criminally charged for his attempts to subvert the 2020 election results.

He said the former President was guided by “vengeance and vindictiveness” and not by the “Constitution or decency”.

“Trump says the Constitution gave him the right to do whatever he wants as President… I’ve never heard presidents say that in jest,” CNN quoted Biden as saying.

He also referred to Trump’s recent suggestion that chairman of the Joint Chiefs of Staff, Gen. Mark Milley could be executed, saying that Republican silence on the comment was “deafening”.

“We should all remember: Democracies don’t have to die at the end of a rifle. They can die when people are silent, when they fail to stand up.”

Also during his address, the President called McCain, whom Biden was friends with for decades, a “brother” and announced funding to construct the McCain Library.

Biden’s remarks came at a moment of political uncertainty, as he faces persistent questions about his age, disapproval of his handling of the job and an indictment of his son, Hunter.

House Republicans also held their first hearing in an impeachment inquiry into the President on Thursday.

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Punjab farmers continue three-day “rail roko” agitation over MSP, flood compensation demands

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Farmers in Punjab continued their “rail roko” protest on the second day in Amritsar

Published Date – 10:45 AM, Fri – 29 September 23


Punjab farmers continue three-day “rail roko” agitation over MSP, flood compensation demands

ANI Photo

Amritsar: Farmers in Punjab continued their “rail roko” protest on the second day in Amritsar demanding a committee for Minimum Support Price (MSP), a financial package for losses caused by recent floods, relief from agricultural debt and withdrawal of cases regarding agitation in Delhi in 2020-21.

The three-day protest called by farmers in Punjab’s Amritsar led by the Kisan Mazdoor Sangharsh Committee began on Thursday and will continue till Saturday (September 30).

Visuals from the protest site showed, hundreds of farmers sitting on railway tracks, raising slogans for their demands.

Due to the protest, several trains on the Ambala-Shri Ganganagar route were cancelled on Thursday.

As many as 18 trains of the Firozpur division, have been affected as members of various farmers’ bodies squatted on train tracks in Ferozepur.

A railway official of the Firozpur (FZR) division on Thursday said that the services of as many as 18 trains have been hit till now on the first day of the rail blockade agitation.

“Of those, 12 trains, which set off from and arrive here have been cancelled and the remaining, long route trains, have been diverted,” he said.

Sarwan Singh Pandher of Kisan Mazdoor Sangharsh Committee, who was present at the protest said, “If anyone tries to be unfair with the farmers of Punjab, then farmers from Haryana will also join Punjab farmers. Farmers are united throughout the country.” “The agitation has been called by 18 unions in North India. Home Minister Amit Shah came to Amritsar and he promised to bring MSP guarantee law but the committee has not been formed yet.

The cases that had been registered during the Delhi agitation have not been withdrawn,” Pandher said.
Police official Balvir S Ghuman said that massive security has been deployed to deal with the situation.

Business

Rupee rises 9 paise to 83.10 against US dollar in early trade-Telangana Today

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Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise of domestic currency

Published Date – 10:25 AM, Fri – 29 September 23


Rupee rises 9 paise to 83.10 against US dollar in early trade



Mumbai: The rupee rose 9 paise to 83.10 against the US dollar in early trade on Friday amid a retreating dollar versus major rivals and positive cues from equity markets.

Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise of domestic currency, forex dealers said.

The Indian unit opened strong at 83.13 against the US dollar and touched the highest level of 83.09. It later traded at 83.10 against the greenback, registering a gain of 9 paise from its previous close.

On Thursday, the rupee settled 3 paise higher at 83.19.

Analysts said higher interest rates and US bond yields are prompting foreign investors to stay in the selling mode in Indian capital markets, while the rupee witnessed some recovery due to a significant decline in India’s current account deficit (CAD).

The CAD has dropped to USD 9.2 billion, or 1.1 per cent of GDP in the first quarter of the current fiscal from USD 17.9 billion (2.1 per cent of GDP) a year ago, the Reserve Bank of India said on Thursday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, declined by 0.19 per cent to 106.02.

Brent crude, the global oil benchmark, was trading 0.05 per cent higher at USD 95.43 per barrel.

On the domestic equity market front, the BSE Sensex climbed 84.00 points or 0.13 per cent to 65,592.32 in early trade. Nifty advanced 37.75 points or 0.2 per cent to 19,562.30.

Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday as they offloaded shares worth Rs 3,364.22 crore, according to exchange data.

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Palak Gets Record-Breaking Asiad Shooting Gold, Esha Wins Silver

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The Indian contingent’s unprecedented run in shooting at the ongoing Asian Games in Hangzhou continues as 17-year-old Palak secured a gold medal while 18-year-old Esha Singh secured a silver medal in the 10m air pistol women’s individual final on Friday. With an individual score of 242.1 points, Palak not only won the gold, but also established a new Asian Games record in her category, going past China’s record from 2018.

Esha won the silver with 239.7 points, continuing her incredible run as a shooter in Hangzhou with her fourth medal of these games.

With this, India’s shooting medal tally in Hangzhou has gone up to 17.

Now, India has a total of 30 medals at the ongoing Asian Games, with eight gold, 11 silver and 11 bronze medals.

Earlier, The men’s trio of Swapnil Kusal, Aishwary Pratap Singh Tomar and Akhil Sheoran clinched a gold medal at the 50 m rifle men’s 3P event on Friday.

With a score of 1769 points, Team India secured the gold. The silver medal was won by 1763 points and the bronze medal went to South Korea with 1748 points. With their score, India also broke the world record of 1761 points held by the USA since last year.

Earlier, the shooting trio of Esha Singh, Palak and Divya Subbaraju continued the country’s unstoppable run at shooting as they secured a silver medal in the women’s 10 m air rifle pistol team final at the ongoing Asian Games on Friday.

With a total of 1731 points, India managed to get their hands on silver, falling just five short of gold, which was won by China with 1736 points. Chinese Taipei secured the bronze medal with 1723 points.

Earlier on Thursday, Sarabjot Singh, Shiva Narwal, and Arjun Singh Cheema bagged another gold medal for India in the Men’s 10m Air Pistol Team at the Hangzhou Asian Games here on Thursday

The match-up saw a comeback from Sarabjot Singh to qualify in fifth place for the final of the individual event. Arjun Singh Cheema qualified for the final in 8th place. Shiva Narwal failed to qualify for the individual final finishing 14th but the Indian team’s combined score was enough to edge out China by one point for Gold.

With 1734 points Indian team clinched the gold, China stood second with 1733 points and Vietnam secured the bronze with 1730 points.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Business

Indian stocks in green after touching four-week low-Telangana Today

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The indices slumped sharply after the US central bank, while keeping its interest rate steady in the September meeting, hinted that it may again hike rates going ahead if need be, in its fight against inflation.

Published Date – 10:10 AM, Fri – 29 September 23


Indian stocks in green after touching four-week low



New Delhi: Indian stock indices edged marginally higher on Friday morning after touching nearly a four-week low the previous session, tracking Asian peers and relatively firm overnight US market cues.
Benchmark Sensex and Nifty were 0.2 per cent higher each from their Thursday closing. Nifty metal, pharma, PSU bank sectoral indices were the top movers this morning.

“The ‘triple whammy’ of up-trending dollar, US bond yields and Brent crude is showing signs of easing. If this trend continues it will facilitate a recovery in markets. Stability in the US market yesterday also can be a supportive factor,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Lately, the indices slumped sharply after the US central bank, while keeping its interest rate steady in the September meeting, hinted that it may again hike rates going ahead if need be, in its fight against inflation.

Rising global crude oil prices and subsequent strengthening of the US dollar also weighed on the financial markets.

Going ahead, the RBI monetary policy scheduled for October 4-6 will be monitored closely by the investors. RBI typically conducts six bi-monthly meetings in a financial year, where it decides interest rates, money supply, inflation outlook, and various macroeconomic indicators.

RBI in its past three meetings – April, June, and August — held the repo rate unchanged at 6.5 per cent.

The repo rate is the rate of interest at which RBI lends to other banks.

According to SBI Research, the monetary policy committee is expected to yet again pause the key repo rate.

“Domestically, we believe at 6.50%, we are in for a prolonged pause as seasonality of inflation is tapering first…,” SBI Research report, authored by Soumya Kanti Ghosh, Group Chief Economic Adviser, said recently.

Top News

Congressman Launches Hindu, Buddhist, Sikh And Jain Congressional Caucus

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Congressman Launches Hindu, Buddhist, Sikh And Jain Congressional Caucus

Shri Thanedar believes that an inclusive America is a stronger America.

Washington:

Indian American Congressman Shri Thanedar has announced the formation of a new Congressional caucus aimed at protecting the interests of Hindus, Buddhists, Sikhs and Jains.

To be formally launched on Friday, the Hindu, Buddhist, Sikh, and Jain (HBSJ) American Congressional caucus is being supported by two dozen lawmakers, Thanedar said on Thursday.

The caucus would provide a platform for fostering dialogue, promoting understanding and raising awareness about the specific needs and concerns of these communities.

It aims to combat religious discrimination and promote religious freedom for Hindus, Buddhists, Sikhs, and Jains.

It would also ensure accurate representation and inclusion of Hindu, Buddhist, Sikh, and Jain perspectives in policy discussions.

The caucus will address cultural misunderstandings, promote interfaith dialogue and harmony and support initiatives to promote Hindu, Buddhist, Sikh, and Jain Americans’ well-being, education, and empowerment.

“Thanedar believes that an inclusive America is a stronger America,” a media release said.

A congressional caucus is a group of members of the United States Congress that meet to pursue common legislative objectives.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Hyderabad

Hyderabad: Ganesha idol Immersions continue for day two on Friday

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A total of 7200 idols were immersed from Thursday night till 6 a.m. on Friday, according to available information.

Updated On – 10:03 AM, Fri – 29 September 23


Hyderabad: Ganesha idol Immersions continue for day two on Friday



Hyderabad: Ganesh idols from across the city that reached Hussain Sagar for immersion continue to wait in line from Telephone Bhavan to NTR Marg and Upper Tank Bund road on Friday morning.

A total of 7200 idols were immersed from Thursday night till 6 a.m. on Friday, according to available information.

Although authorities expedited the process after the immersion of Khairatabad Bada Ganesh, heavy rain on Friday evening posed a hindrance. That said, all immersions are expected to be completed by the afternoon.

Meanwhile, Vinayaka Nimajjan Shobhayatra at Charminar ended peacefully at 1 a.m. without any disturbances. Hyderabad CP CV Anand inspected the immersion process near Tank Bund and devotees’ lines from Basheerbagh to Tank Bund via Liberty at 2 a.m.

World

UN Deputy Secretary-General calls for putting pressure on Taliban to ensure women’s rights in Afghanistan

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UN Deputy Secretary-General Amina Mohammed has called for putting pressure on the Taliban to ensure women’s and girls rights

Published Date – 09:55 AM, Fri – 29 September 23


UN Deputy Secretary-General calls for putting pressure on Taliban to ensure women’s rights in Afghanistan

ANI Photo

Kabul: UN Deputy Secretary-General Amina Mohammed has called for putting pressure on the Taliban to ensure women’s and girls rights to education and work in Afghanistan, TOLO News reported.

Mohammed while speaking at a press conference, said that the situation of women and girls is getting worse day by day in Afghanistan.

The UN Deputy Secretary-General said: “There is a Women in Islam conference that is coming up that will be taking on some of these issues, you will know that the OIC had sent a mission recently to Afghanistan so we think the neighbourhood’s important as well (to) create that pressure and that momentum, they’re part of the international community and they’ve got to put pressure to make sure that women’s rights are back where they should be in Afghanistan.” As per some women’s rights activists, the Taliban should provide the rights of employment and education to women and girls, in order to attract the trust of the world.

A women’s rights activist, Tafsir Seyaposh, said: “The Taliban must first establish credibility at the national level if it hopes to earn credibility at the international level. How long would they continue to disregard women and how far they would go to violate their rights.”

“It is the responsibility of the world and the current authorities of Afghanistan to pay serious attention to the alarming situation that Afghan women have and the situation that has isolated Afghanistan,” said Suraya Paikan, another women’s rights activist, according to TOLO News.

The Taliban has not yet commented on the remarks of UN Deputy Secretary-General Amina Mohammed. It previously denied the violation of women’s and girls rights saying that their rights are ensured in Afghanistan in accordance with the Islamic principles.

Meanwhile, as many as 11 countries have put pressure on the Taliban for violating women’s rights in Afghanistan during the United Nations (UN) meeting, reported Khaama Press.

Countries including the United States, France, Britain, Japan, Brazil, the United Arab Emirates, Switzerland, Ecuador, Albania, and Malta, referred to the treatment of Afghan women and girls by the Taliban as “gender-based violence”, according to a joint statement. The Women’s Rights Council representative further called for global support to define ‘gender apartheid’ in international law.

The statement also stated that systematic violations of women’s rights have taken away their freedom and forced gender segregation, constituting instances of gender-based violence, Khaama Press reported.