Latest news with #Reddy
Indian Express
4 hours ago
- Politics
- Indian Express
Telangana govt to fill 1 lakh job vacancies by mid-2026: CM Revanth Reddy
Chief Minister A Revanth Reddy on Monday said his government would fill one lakh job vacancies by June 2026, before it completes two-and-a-half years in office. Addressing a public meeting in Nalgonda district after launching distribution of new ration (PDS) cards, he said the Congress government has set a record in the country by recruiting 60,000 people within a year of assuming office (in December, 2023). He criticised the previous BRS regime for not filling government vacancies for 10 years, forcing thousands of unemployed youth to spend years preparing for competitive exams in Hyderabad. 'Today, I am giving my word. We will provide one lakh government jobs before this government completes two and a half years (June, 2026) and make their (job aspirants) families live with self-respect,' Reddy said. He wondered whether the opposition BRS thought of distributing new ration cards to the poor in its 10-year-long rule. Highlighting the Congress government's pro-poor and pro-farmers schemes, he said the dispensation ensured implementation of 'Rythu Bharosa' investment support scheme, crop loan waiver, MSP, distribution of fine rice through PDS against coarse rice and new ration cards. The TDP (1999-2004) and Congress (2004-2014) in undivided Andhra Pradesh and the BRS (2014-2023, December) in Telangana were in power for 10 years each, he said. The CM said Congress would remain in power for 10 years (from December, 2023 to 2034) and reiterated his government's goal of transforming Telangana into a USD one trillion economy by 2035. On the caste survey and SC classification undertaken by his government, Reddy asserted that 42 per cent reservation would be provided to backward classes in local body polls as per the recent cabinet decision. This, he said, was the promise made by Congress leader Rahul Gandhi. Earlier, in a post on X, he said 5.61 lakh new ration cards are being distributed, ensuring food security for 3.10 crore people across Telangana.
Hindustan Times
7 hours ago
- Health
- Hindustan Times
Doctors urged to embrace AI at Pune summit
Pune: The future belongs to those doctors who adapt and embrace Artificial Intelligence (AI), said Dr Nageshwar Reddy, chairman and founder of AIG Hospitals, Hyderabad. He was speaking at the Med Harmony summit held in the city on July 13. Dilation and curettage -- D&C -- is routinely used by doctors after miscarriage or pregnancy termination, but researchers found it upped the risk of very premature births by nearly 70%. (Shutterstock) One of the key themes of the conclave was the transformational potential of AI in healthcare. Dr Reddy outlined how AI is reshaping the medical field — from reducing drug discovery timelines to improving diagnostics and managing critical care workflows. 'Doctors must adapt and upskill to remain effective and relevant in this rapidly evolving ecosystem,' he said. The Med Harmony, described as a 'confluence of healthcare leaders,' was attended by more than 500 doctors from more than 50 medical specialties. Dr Aditi Karad, executive director of VishwaRaj Hospital, said, 'With India's healthcare market rapidly expanding and technologies like telemedicine and AI reshaping care, the initiative arrives at a critical time to inspire dialogue across clinical, technological, and administrative domains.' Jehangir HC Jehangir, chairman of Jehangir Hospital and trustee of Sir Ratan Tata Trust, called for a renewed patient-first focus: 'Empathy, consistent care, and trust in our medical professionals are the bedrock of true healing. Let's believe in our doctors before seeking unverified alternatives.'
Time of India
8 hours ago
- Politics
- Time of India
Telangana CM Revanth Reddy dares KCR for open debate on Kaleshwaram and other projects constructed by Congress
Telangana Chief Minister A Revanth Reddy on Monday challenged former Chief Minister and BRS President K Chandrashekhar Rao to come for a debate on the Kaleshwaram project and the other projects, including Nagarjuna Sagar, Srisailam, SRSP, and Jurala, built by Congress in 60 years. According to a release, the Chief Minister launched a ration card distribution programme in Thungathurthy Assembly constituency and addressed a public meeting. CM Revanth Reddy questioned KCR for not bringing the river Godavari water to Telangana during the 10-year BRS rule. The CM took strong exception to the BRS leader's statements that the Telangana state would have had abundant Godavari water in three days if KCR were in power. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tấm pin năng lượng mặt trời ở Vietnam: lắp đặt bao nhiêu tiền? (xem giá) Tấm pin năng lượng mặt trời | Quảng cáo tìm kiếm Tìm hiểu thêm Undo "Bringing Godavari water is not like pouring soda in a glass. KCR did not even construct an MRO office in his native village," CM Reddy said. The CM launched a scathing attack on KCR, accusing the previous BRS government of looting Rs 1 lakh crore of public money by constructing the Kaleshwaram project, which became a 'Kaleshwaram' project. Live Events "The previous Government had also never thought of issuing new ration cards and providing food security to the poorer sections. The People's Government issued 5.60 lakh new ration cards and registered the names of 26 lakh people. Possessing a ration card is a symbol of self-respect to the poor in the people's government," CM Reddy said, as per the release. "We have already distributed Fine Rice to 3.10 crore people till date. People were seen making a beeline before Belt shops during the BRS rule, and now people are rushing to Fair price shops for fine rice", the CM wondered why the BRS leaders are making hue and cry against the government. The Telangana CM reiterated that Congress will rule the state for 10 years till 2034 and called upon the Congress leaders to strive hard for the victory of Congress in the ensuing Local body elections. "The party leaders should take responsibility for winning the party workers in the local body elections. The government was also providing a 42 per cent quota for BCs in the local body elections, and the caste census conducted by the government was a role model for the country after 100 years. Under pressure from Congress, Prime Minister Narendra Modi also announced a caste census at the national level along with the population census," CM Revanth Reddy said, as per the release. Listing out the schemes introduced for the welfare of all sections, CM Reddy said, "The BRS resorted to false propaganda on Rythu Bharosa, and the government proved it wrong by depositing Rs 9000 crore scheme benefit in farmers' accounts in just 9 days. We promoted farming as a profitable profession, and Telangana state stood number one in paddy production in the country. Rs 500 bonus, farmer's insurance, and farmer's loan waiver were only possible during Indiramma's rule. The people's government waived Rs 21,000 crores of farmers' loans and relieved 25 lakh farmers from the debt burden." Further, the CM said that the government will distribute two sarees each to 65 lakh women of self-help groups soon and provide loans of Rs 21,000 crores to self-help groups through banks.
Time of India
10 hours ago
- Business
- Time of India
MEIL's MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
Mumbai: PV Krishna Reddy , managing director of Megha Engineering & Infrastructures (MEIL), is in talks with Elham Credit Partners, Davidson Kempner, and Oaktree Capital , among others to raise about ₹1,500 crore in debt financing as part of a broader strategy to mobilise funds to buy out his uncle and patriarch PP Reddy's shareholding in the group, said people familiar with the matter. These funds are currently engaged in due diligence and are expected to take a final decision by August, the people said. ET was the first to report on June 9 that the two principal shareholders of Hyderabad-based MEIL, the Reddy uncle-nephew duo, are finalising a family settlement which will lead to Krishna Reddy buying out uncle Pamireddy Pitchi Reddy's controlling 51% equity holding for ₹12,000-₹15,000 crore, three decades after the two began their entrepreneurial journey manufacturing and supplying small pipes to municipalities. Krishna owns the remaining 49%. MEIL has since emerged as a $5-billion, privately-held infrastructure conglomerate. Reddy has been weighing options between banks and private credit funds to raise ₹1,500 crore, eventually opting for latter as pricing is in line with expectations. The funds are likely to be raised at an internal rate of return (IRR) of 16.5-17%, a banker familiar with the matter said, adding that the funding would be required by next month. The money will be raised against Reddy's shares as collateral. However, there is still no guarantee that Reddy will agree on the final terms, despite having an imminent payment deadline, said the people mentioned above. "While discussions initiated in the beginning of the year, talks moved this month, and due diligence is still underway," one of the persons said. The settlement has to be wrapped up by March 2027. Against payment schedule for ₹15,000 crore amount, only ₹1,000 crore has been paid. Agencies Spokespeople at Oaktree and Davidson Kempner declined to comment and Elham Credit did not respond to requests for comment. Krishna Reddy could not be reached for comment. MEIL, known for its strong presence in irrigation and drinking water projects which still account for 52% of its total order book, has diversified into new sectors such as roads, power, and hydrocarbons, which contribute 18%, 13%, and 11% respectively of outstanding orders, Acuite Ratings said in a report in January. Live Events The company, which was the second highest buyer of electoral bonds in 2024 elections, had seen consolidated revenue grow 34% to ₹42,442 crore in FY24 from ₹31,766 crore in FY23. Growth was primarily led by a strong performance in its standalone EPC business, which rose to Rs 31,904 crore in FY24 from Rs 25,838 crore the previous year. Standalone order book grow to Rs 2,28,134 crore as of November 30, 2024, 7.15 times more than its FY24 standalone revenue. The company also secured fresh orders worth Rs 21,592 crore till December 2025. Other than tapping the funds, Reddy's plans to raise the requisite funds includes partial or full stake sales in a raft of businesses or assets like a power transmission project in western Uttar Pradesh, for which he has been in dialogue with Adani Group and prior to that Brookfield. Through this single sale of the interstate transmission lines and the substation network, he is aiming to raise Rs 7,000 crore, or nearly half of the total amount needed. Negotiations have also been taking place with some of the largest global funds to divest the city gas unit. Megha City Gas is operational in 62 districts across eight states including Punjab, Maharashtra, Madhya Pradesh, Andhra Pradesh and Tamil Nadu, ET had reported. The operations and maintenance wing of Olectra Greentech , the only listed entity of the group, may also be hived off to raise funds, said the people cited. Megha Engineering is the promoter of the company that makes e-buses and composite polymer insulators with a 50% stake. ETMarkets WhatsApp channel )
Time of India
11 hours ago
- Business
- Time of India
Andhra Pradesh to play key role in MSME-centric ADEETIE scheme
Visakhapatnam: In a move to boost industrial competitiveness and drive economic sustainability, the Union ministry of power, through the Bureau of Energy Efficiency (BEE), is launching a pioneering scheme — ADEETIE (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments). The scheme aims to accelerate the adoption of advanced energy-efficient technologies across the micro, small, and medium enterprises (MSME) sector. The national roll-out ceremony of ADEETIE will be held on July 15, Tuesday, in Panipat. Notably, Andhra Pradesh has been at the forefront of energy efficiency efforts. The Andhra Pradesh State Energy Conservation Mission (APSECM) will participate in the Panipat event, alongside senior officials from the state ministry of power . The state has already implemented successful decarbonisation and energy efficiency projects across key MSME clusters—gold ornaments in Vijayawada, jewellery in Machilipatnam, food processing in Chittoor, and pharmaceuticals in Achutapuram. These initiatives have resulted in substantial energy savings and enhanced economic performance, positioning Andhra Pradesh as a model for other regions under the ADEETIE framework. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Likewise, Andhra Pradesh is expected to play key role in the new scheme. According to BEE southern region media advisor A Chandrasekhara Reddy, ADEETIE is an initiative designed to bring global best practices in energy efficiency to India's MSME landscape by offering technical support, interest subvention on loans, and policy backing. "This will empower industries to reduce energy costs, improve productivity, and contribute meaningfully to India's clean energy transition. The Panipat event will witness the inauguration of the ADEETIE web portal , release of the official scheme brochure, felicitation of MSMEs that have taken early steps in adopting energy-efficient technologies, and the signing of MoUs between BEE and key MSME industry associations to scale up implementation across industrial clusters," said Reddy. India's commitment to reducing the emissions intensity of its GDP by 45% by 2030 under the Paris Agreement finds strong alignment with the objectives of ADEETIE, which also supports sustainable industrialisation and grassroots innovation. The scheme is poised to transform MSME sector—long considered the backbone of the economy—into a model of energy-smart manufacturing and climate leadership. BEE extended its gratitude to the ministry of power for their exceptional support in launching the ADEETIE scheme and acknowledged the efforts of states like Andhra Pradesh in piloting energy-efficient technologies. The ADEETIE scheme reinforces India's broader climate commitments, including reducing emissions intensity by 45% by 2030 and achieving net zero emissions by 2070. MoUs will be signed with MSME associations to expand the implementation across clusters Andhra Pradesh is among the early adopters, with pilot projects in sectors like jewellery, food processing, and pharmaceuticals
