Telangana is still trying to grapple with the power issues it is in. The Energy secretary SK Joshi’s trip to Chhattisgarh, which was to happen last week, got postponed and may happen today. He may negotiate for an MoU for purchase of 1500 MW of power, higher than the initial plan of purchasing 1000 MW. The Govt notified creation of TS Electricity Regulatory Authority 2 days ago to fasten the MoU process as the common APERC, serving both AP and Telangana, reportedly cited existing procedures that wont allow for a direct inter-state agreement without competitive bidding. A preliminary report on the feasibility of direct transmission corridor between Chhattisgarh and Telangana is also ordered by the CM. As the North South ...

The recent decision of the Telangana CM to buy the 49 % share of the Government of India in Singareni Collieries Company Limited (SCCL) is to be welcomed. In 2012-13, SCCL had revenues of `10, 129 crore, realised a net profit of Rs. 401 crore and paid Rs. 140 crore in income tax. It paid a dividend of `86 crore and royalties of Rs. 3,500 crore to the State and Centre. It also owns Andhra Pradesh Heavy Machinery Corporation (APHMCL) at Kondapalli, Krishna. SCCL operations are spread across four North Telangana districts — Khamman, Warangal, Karimnagar and Adilabad — where SCCL is the largest employer. SCCL, founded by the Nizam’s Government, has been in existence for over a hundred years ...

Wipro boss Azim Premji met CM KCR and  congratulated him for achieving Telangana state and forming the first government. Premji recollected about Wipro and it’s association with Hyderabad in his meeting with the CM and elaborated on his company’s expansion plans in Telangana. The CM on his part, said that the Telangana government would bring out a transparent and corruption-free single-window system soon, to give all requisite permissions to new projects. Hyderabad would also be made an infotech hub and a 4G Wi-Fi city, the CM added. The CM also said many more IT Parks would be developed in Telangana state so as to provide employment to large number of youth. Stating that he is looking forward for working together with Wipro, he expressed an idea to meet the Wipro chairman again after ...

Indian School of Business(ISB) will organize a start-up fest for two days on August 30 and 31st. The event named August Fest 2014 is organized jointly with Eat Sleep Drink (ESD) Startups and TiE Hyderabad. The August Fest 2014 is an unique start-up event conceived and curated by start-ups. The Fest is a great platform for early-stage start-ups to get exposure and opportunity to infuse creativity and innovative ideas from various fields. This fest will also open the path for pitching and getting instant seed-funding for the start-ups. TiE Hyderabad announced it will provide the participants a comprehensive eco-system with vital resources for every stage of the entrepreneurial process.ESD spokesperson Suresh Perugu said “ESD Startups is all about providing an opportunity for various verticals; Movies, art, and tech ...

The Rs 2,200-crore Shreem group of companies based in Gujarat plans to invest Rs 67 Cr in setting up a farm nutrient unit and a pharmaceutical facility in the State. The Group has evinced interest in Telangana’s planned ‘Pharma City’, as per a report in The Hindu. The Gujarati group involved in real-estate, hospitality, pharmaceuticals and agri inputs, has entered into an agreement with a Polish firm to manufacture specialty nutrients for agriculture and plans to set up and bring into operation a plant near Hyderabad by December, with investment of Rs 42 Cr. LCS, an arm of Shreem Group, has a registered office in Hyderabad, registered a turnover of Rs 100 crore in 2013-14. LCS would invest in the nutrient unit ...