Chandrababu addresses at GFST Tourism Conclave, emphasises on caravan tourism
Andhra Pradesh Chief Minister Nara Chandrababu Naidu emphasised the importance of making caravan tourism accessible to the general public during the GFST Tourism Conclave held at a hotel in Vijayawada on Friday. CM Naidu was the chief guest at the event and took the opportunity to inaugurate a caravan featuring hotel rooms, alongside renowned yoga guru Baba Ramdev. The two later toured the caravans on display.
The conclave aims to attract investments totalling Rs. 2 lakh crore in the tourism sector. The state government has already conferred industrial status on a number of tourism projects. At the event, the State Tourism Development Corporation is set to sign a significant agreement worth Rs. 10,039 crore in the presence of CM Naidu. Additional agreements will facilitate the construction of new hotels for tourists in Visakhapatnam, the state capital Amaravati, and the spiritual hub of Tirupati.
A video highlighting the state's tourism sector was screened during the conclave, which was also attended by State Tourism Minister Kandula Durgesh, Vijayawada MP Kesineni Sivanath, Vijayawada East MLA Gadde Rammohan, various industrialists, and senior officials from differing departments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
7 minutes ago
- New Indian Express
SBI plans Rs 25,000 crore QIP; ropes in six bankers for India's largest share sale in eight years
MUMBAI: State Bank of India (SBI) is looking to raise a whopping Rs 25,000 crore through a qualified institutional placement (QIP) of shares and has roped in six investment bankers for the biggest QIP deal in India Inc and the first share sale in eight years. The bank is looking at hitting the market within the next two months to shore up its core capital as the nation's largest lender expects accelerated loan demand on the back of the falling interest rate regime. The fundraise is aimed at boosting its common equity tier 1 capital, which in the March 2025 quarter was only 11%, the lowest among public sector lenders. The bank, which controls a fifth of the system-wide credit, has roped in Citigroup, HSBC, ICICI Securities, Kotak Capital, Morgan Stanley and SBI Caps as the lead bankers for the share sale, a source told TNIE Friday. These banks have agreed for just Re 1 as their commission/fee. The i-bankers had also charged just Re 1 from the bank in the last fundraise too, eight years ago when it had mopped up Rs 15,000 crore selling 522 million shares in June 2017, the source added. The i-bankers had also charged a similar amount for the Rs 21,008-crore IPO by LIC in May 2022 which till dates stands as the largest primary issue in the country. Its common among i-bankers to do the deal pro bono for marquee issues, as being part of such big deals is more important than earning a fee. The SBI board had on May 3 approved fundraising and if it goes ahead with the plan in full, it will be the largest ever QIP among corporate India. Corporations prefer QIP issues as it is much faster than other modes of fundraising, like rights issues or follow-on offers, as the money comes from bulk share purchases by large institutional investors.
Fashion Value Chain
10 minutes ago
- Fashion Value Chain
Universal Sompo Extends Insurance Coverage to Pets
Universal Sompo experiences a high demand for Pet Assure, a comprehensive and customisable pet insurance product tailored to meet the evolving needs of India's growing community of pet parents. Universal Sompo Launches Personalized Pet Insurance Urban India is witnessing a dramatic shift in pet ownership trends, driven largely by Millennials and Gen Z. Now pets are no longer just companions but cherished as family members. This cultural transformation has fuelled rising demand for structured, preventive, and tech-enabled pet care solutions, particularly in Tier 1 cities, and increasingly across Tier 2 and Tier 3 regions. Pet Assure has been designed to support this growing responsibility by offering extensive coverage for pet dogs and cats aged between 3 months and 10 years. The policy includes protection for routine outpatient consultations, diagnostics, surgeries, critical illnesses, accidental injuries, and third-party liabilities. Optional benefits further extend to coverage for terminal diseases, pregnancy-related complications, dental care, post-treatment recovery, theft or loss, emergency pet minding, and even cremation expenses. Customers can choose from flexible sum insured options ranging from Rs. 10,000 to Rs. 2,00,000, with policy tenures of one to three years. Premiums start at an affordable Rs. 1499 per annum, making pet insurance accessible to a broad range of pet parents across the country. 'Pets today are cherished family members and deserve the same level of healthcare and financial protection. With Pet Assure, we've built one of the most inclusive and customisable pet insurance offerings in the market,' said the Pet Parents Fraternity at Universal Sompo. 'This is a step toward not only meeting a growing market demand but also fulfilling our commitment to holistic customer well-being.' Real-life testimonials already speak to its value. Mr. Jagrit Joshi, a pet parent working as a Digital Activations Lead, shared, 'As veterinary costs and pet ownership in Indian cities surge, pet insurance is transitioning from luxury to a necessity. My pet dog, Coco, was unwell and advised diagnostic tests. Ultrasound findings revealed crystal formation and a cyst in the prostate, for which he underwent surgery. The Pet Parent Fraternity at Universal Sompo stood in strong support throughout and ensured timely settlement of all claims expenses.' As pet tele-health services gain popularity and veterinary care grows more advanced, Universal Sompo's commitment and pet insurance offering is a timely and responsible initiative. More than just a financial safeguard, Pet Assure is a step toward redefining pet care in India, ensuring pet parents have peace of mind and their furry family members receive the care they deserve.
India Today
11 minutes ago
- India Today
Andhra professor falls victim to cyber fraud, loses nearly 2 crore in fake investment scam over WhatsApp
In yet another case of cyber fraud, a retired professor from Andhra Pradesh ended up losing nearly Rs 2 crore after joining a WhatsApp group. The victim was added to a group that claimed it would provide investment advice. However, over time, the scammers managed to siphon off all his money invested by promising high to a Times of India report, the case involves Dr M. Batmanabane Mounissamy, a former director and professor at JIPMER, Pondicherry. On 18 June, the professor filed a complaint about the scam. In his report, he revealed that he had been added to a WhatsApp group named 'H-10 Nuvama Health Group'. The group's admins promised to offer insider tips and expert guidance on investing in Nuvama Funds—formerly known as the professor was already familiar with the company and held legitimate investments in the original Nuvama Funds, he assumed the group was genuinely affiliated with the firm. He decided to proceed. Soon after, a woman introducing herself as 'Kangana' contacted him via private chat, claiming to represent Nuvama. She directed the professor to register on a website bearing the name 'Nuvama Funds'. However, the site was fraudulent, cleverly mimicking the branding of the real firm. Believing it to be legitimate, the professor initially invested Rs 10,000 on 19 April and quickly received a return of Rs 13,000. This small profit further increased his trust in the by this apparent profit, over the next five weeks, the professor reportedly ended up investing a total of Rs 1.9 crore in what he believed were high-performing stock portfolios. By late May, the fake platform displayed an account balance of Rs 35 crore. When he attempted to withdraw Rs 5 crore, the scammers demanded a processing fee. Initially, they asked for Rs 32 lakh but later reduced the demand to 25 percent. Hoping to recover at least part of his earnings, the professor transferred Rs 7.9 making this payment, this withdrawal was blocked. Desperate for help, the professor reconnected with the scammers and was introduced to another individual, supposedly a senior official named Ashish Kehair. However, the demands continued, and no money was returned. It was only then that the professor realised he had been conned and approached the is not the first case of individual losing money to online scams. Thousands of individuals in the past few years have lost lakhs and crores to this scam. To stay safe, internet users are warned not to fall for attractive advertisements on social media that promise profits from investments that seem too good to be true. Also, beware of WhatsApp groups. Scammers are adding many users to these fraudulent groups to trick them into investment games and later dupe them out of their money. Remember that legitimate financial institutions rarely offer investment advice via WhatsApp. So treat unsolicited messages with good to be true? It probably is. Watch out for red flags.- Ends
