The initial public offering market has entered a phase of stagnation, with no major IPOs launched in the past three weeks. The last significant IPO was Quality Power, which opened for subscription on February 14, 2025. Since then, the primary market has seen a lull, raising concerns about investor sentiment and market conditions.Despite speculation surrounding Tata Capital’s anticipated $11 billion IPO, which is expected to be one of the largest listings of the year, the overall slowdow

The Union Budget 2025 introduced a significant revision to the income tax exemption limit, raising it to ₹12 lakh. This change has sparked expectations of increased consumer spending, particularly in sectors such as automobiles and fast-moving consumer goods. With more disposable income available to middle-class taxpayers, the automotive industry is poised to see shifts in demand, with varying effects across vehicle segments. Analysts believe that while this tax policy revision may drive ov

In a significant development for the Visakhapatnam Steel Plant (Vizag Steel), the Union Government has announced a Rs 11,440 crore financial package to revive the struggling plant. This decision, approved by the Cabinet Committee on Economic Affairs (CCEA) under the leadership of Prime Minister Narendra Modi, marks a critical step towards revitalizing the steel plant that has been facing severe financial chal

The World Bank has approved a substantial USD 800 million loan for the Amaravati Integrated Urban Development Program, which will support the development of Andhra Pradesh's greenfield capital city, Amaravati. The loan, approved by the Board of Executive Directors of the World Bank, aims to establish Amaravati as a sustainable, climate-resilient urban center that will create economic opportunities and improve the lives of its residents. The project is set to focus on building the city as

The NDA-led government of Andhra Pradesh is making significant strides in inviting global investments to the state. A major milestone was reached today with the signing of a Memorandum of Understanding (MoU) between the government of Andhra Pradesh and Google, marking the beginning of a strong partnership. The MoU focuses on establishing an AI Data Center in Vizag, which will be operated by Google Cloud. This confirms Google's entry into Andhra Pradesh as part of its tech expans

Amaravati, the new capital of Andhra Pradesh, is rapidly progressing toward becoming a major metropolis. While current developments include state government buildings and prominent educational institutions like VIT and SRM, the city is gaining significant attention from top companies across various sectors. Following the recent elections, Nara Chandrababu Naidu, the Chief Minister and key figure behind Amaravati's vision, has resumed leadership with a renewed focus on shaping th

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is preparing to move into a new permanent residence in Amaravati. Currently residing at the Lingamaneni guest house in Karakatta, Undavalli, Naidu has now secured a plot of land in the Velagapudi area of the Amaravati Capital region for his official residence. The 5-acre plot, located near the Seed Access Road and within a two-kilometer radius of several key establishments like the temporary High Court, judges’ residence

In a recent initiative to transform Andhra Pradesh into a technology hub, Chief Minister N. Chandrababu Naidu introduced a comprehensive new IT policy designed to promote Deep-Tech and Artificial Intelligence. During a review meeting, Naidu revealed plans to build an iconic Deep-Technology structure in Amaravati, aimed at harnessing the latest advancements in technology. The state government also announced a seed funding scheme under the Start-Up Policy to support SCs, STs, BCs, minorities, a

Indian wicket-keeper batter Rishabh Pant has denied speculation that his departure from Delhi Capitals (DC) ahead of the IPL 2025 auction was due to a disagreement over his retention fee. The clarification came after Indian batting legend Sunil Gavaskar suggested that top players, like Pant, sometimes leave their franchises to assess their true market value in the IPL auction, particularly when there are talks about retention fees. In a video shared by Star Sports before the IPL 202

In the 2024 Andhra Pradesh state budget, the NDA-led government has allocated Rs 3445 crore for the development of Amaravati, the state's proposed capital. This marks a significant boost for the capital region, signaling a renewed commitment to its growth and infrastructure development. The Rs 3445 crore allocation includes: Rs 3000 crore for the development of basic social infrastructure in Amaravati, focusing on essential services and urban d

The ambitious rebuilding of the Amaravati capital project has resumed after a five-year hiatus, fueled by the renewed leadership of Chandrababu Naidu under the NDA government. With significant financial backing, the project is set to gain momentum once again. Chandrababu has successfully secured Rs 15,000 crore in financing through the World Bank and an additional Rs 11,000 crore from HUDCO. In a significant development, the deep-pocketed Adani Group has also come on board to bolste

Amaravati, the burgeoning capital city of Andhra Pradesh, is set to see significant development with the recent approval of a Rs 11,000 crore loan from the Housing and Urban Development Corporation (HUDCO). This financial assistance marks a crucial step toward realizing the city’s planned infrastructure as envisioned by both the public and government authorities. The loan was sanctioned after a meeting in New Delhi between Municipal Administration and Urban Development (MAUD)

In a significant move to encourage IT employees in Visakhapatnam, the Andhra Pradesh State Road Transport Corporation (APSRTC) has launched four new bus services to the Rushikonda IT Hills, allowing employees in the sector to travel free of charge. The bus services were inaugurated by former minister and Bheemili MLA Ganta Srinivasa Rao, along with Visakhapatnam MP Sri Bharat, following a ceremonial puja at the Infosys premises. Ganta Srinivasa Rao expressed optimism about

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is poised to reshape Amaravati into a vibrant capital, much like he did with Hyderabad in the late 90s and early 2000s. Naidu participated in the two-day Drone Summit that commenced today in Amaravati, where he highlighted the revolutionary potential of drone technology for the state and the nation. During his address, Naidu stated that drone technology could become a game-changer, particularly in disaster management. He noted

Housing and Urban Development Corp. Ltd. (HUDCO), a navaratna central public sector enterprise, has committed to providing ₹11,000 crore for the construction of Amaravati, the greenfield capital city of Andhra Pradesh. This announcement was made by the state government on Monday following a meeting between Municipal Minister P Narayana and HUDCO CEO Sanjay Kulshrestha in Delhi. During the meeting, Minister Narayana presented the state government's comprehensive plans for the d

In a significant development for Andhra Pradesh's IT landscape, Minister Nara Lokesh announced that Tata Consultancy Services (TCS) will establish a major IT facility in Vizag, creating 10,000 direct employment opportunities. This announcement, made via Lokesh's social media, is expected to serve as a catalyst for further investments in the region. Minister Lokesh expressed his enthusiasm, stating, “I’m happy to announce the development of an IT facility by Tata

Chandrababu Naidu, a veteran in Andhra Pradesh politics with over 40 years of experience, has encountered countless challenges throughout his career. However, at a recent media conference, he faced a question that struck a nerve, leaving him visibly infuriated. The inquiry concerned the narrative propagated by the Yuvajana Sramika Rythu Congress Party (YCP), which claimed that Amaravati was entirely flooded and thus unfit to serve as the capital of Andhra Pradesh. Naidu's respon

Government Support for Amaravati Farmers: In a significant move, the Andhra Pradesh government has provided crucial support to farmers in the Amaravati region who donated their land for capital development during the 2014-15 period. The Capital Region Development Authority (CRDA) has deposited funds directly into the accounts of these farmers, ensuring they receive the compensation owed to them. Extended Rent for Contributing Farm

The TDP coalition government, which was formed three months ago, is currently facing a significant challenge with the ongoing privatization of the Vizag Steel Plant (VSP). The central government's push for privatization has led to strong opposition from workers' unions, who have intensified their agitation against the move. Despite their relay hunger strikes and protests, the central government remains steadfast in its privatization agenda. In a recent devel

In a significant development amidst ongoing political discourse, the TDP coalition government has received preliminary reports from IIT Chennai and IIT Hyderabad confirming the integrity of various building foundations in Amaravati. These buildings, which have been exposed to fluctuating water levels and weather conditions over the past five years under YCP rule, include crucial structures such as the High Court, Secretariat, and departmental offices. Experts from both IITs were tas