Asian Development Bank (ADB) has shown interest to back an industrial corridor along the coast of Andhra Pradesh, giving a confidence boost to the state as it prepares for a new life without Telangana and Hyderabad.

S Narsing Rao has stepped down as the Chairman and Managing Director of Coal India to take up a new role as Principal Secretary to K Chandrasekhar Rao, the Chief Minister of India's 29th state Telangana from June 2. Meanwhile, there is no word yet on the successor of Rao in Coal India after his resignation.

Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) is all set for bifurcation. APIIC corporation board has approved the de-merger scheme at its meeting held recently.

The dance of democracy will unfold soon, as the poll dates have been announced. While the political fraternity gets down to the poll mathematics, the entire nation awaits the results with a hope of a stable government that can push growth volumes.

The Centre, in an effort to assuage the Seemandhra people, following its decision to bifurcate Andhra Pradesh to create Telangana, is pushing for big-ticket projects and other sops keeping in view that Vijayawada may be proposed as the capital of the Seemandhra region.

M Bhagavantha Rao, Managing Director of State Bank of Hyderabad (SBH) ruled out the possibility of merger of the bank with State Bank of India (SBI) at the moment considering the bifurcation of Andhra Pradesh. It may be recalled that a separate state of Telangana has been carved out from Andhra Pradesh recently and the ensuing political situation is not cond

Andhra Pradesh government received a request from AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) to seek the approval of the union ministry of mines for allocating Bayyaram iron ore mines at Khammam district. The company is learnt to have agreed to invest Rs 42,400 crore in the state and the state government agreed to facilitate allotment of iron ore mines to RINL on pr

Now most builders and analysts in Hyderabad have concluded that real estate prices in the city can’t go down any further and Telangana is no more an issue for Hyderabad Real Estate. Economists say that price is a reflection of demand and supply. But on the supply side, everyone knows land is a scarce commodity. And in the end, it’s demand that determines the price.

In the last few months, the supply of coal to power sector has been rising, claims Coal India (CIL). It says the perce­ntage materialisation of coal supply to the power stations against the commitment as per fuel supply agreements or memorandum of understandings in the months of October, November and December (up to 20) have been 88 percent, 96 percent and 103 percent, respectively.