Malabar opens largest jewellery plant at 1k cr in Hyderabad
The facility, which is located on a 4.4-acre parcel of land at the General Park in Maheshwaram, has a capacity to produce 17 kg of jewellery per day, which works out to 6 tonnes of jewellery per annum, including 4.7 tonnes of gold jewellery and 1.8 lakh carats of diamond jewellery, Malabar Group chairman MP Ahammad said on Thursday. The facility will also house a refinery with a capacity to process 78 tonnes of gold per annum, said Nishad NK, executive director, Malabar Group, adding that the company has 14 facilities globally, in India as well as in countries such as UAE, Oman, Qatar, and Saudi Arabia, with a total capacity to make 100 kg of gold and studded ornaments per day.
Malabar Gold & Diamonds India operations managing director Asher O said the refinery will be developed in two phases, with the capacity to refine the internal scrap generated by the factory to start shortly and a larger setup to be completed in the second phase.
You Can Also Check:
Hyderabad AQI
|
Weather in Hyderabad
|
Bank Holidays in Hyderabad
|
Public Holidays in Hyderabad
Inaugurating the facility, chief minister Revanth Reddy said Telangana has emerged as a destination for global investments thanks to policy continuity across successive govts.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Top 5 Books Warren Buffett Wants You to Read In 2025
Blinkist: Warren Buffett's Reading List
Undo
"Telangana means business, Telangana means profit. Come and invest in Telangana."
He said the govt will be releasing the 'Telangana Rising 2047' document on December 9, 2025, when his govt completes two years. Reddy also said the govt has formulated plans to build the Bharat Future City in Maheshwaram and develop Hyderabad as a global manufacturing hub.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
14 minutes ago
- Time of India
‘Probably will know in an hour…': Donald Trump and EU chief begin trade deal talks in Scotland; seen as make-or-break
Donald Trump trade deals (AI image) US-EU trade deal: US President Donald Trump has begun trade deal talks with European Union chief Ursula von der Leyen in Scotland. Ahead of the talks, Trump spoke of the likelihood of a trade deal saying, '. .probably will know in an hour.' Trump and Ursula von der Leyen are looking to resolve a prolonged transatlantic trade dispute as the deadline approaches. Earlier Trump indicated a 50 percent probability of reaching an agreement with the European Union, which faces a reciprocal tariff of 30% unless a trade agreement is secured by August 1, with US officials confirming on Sunday that "no extensions" would be granted. Von der Leyen's European Commission, representing EU member states, is actively pursuing an agreement to protect trade relations valued at $1.9 trillion annually in goods and services. An EU diplomatic source told AFP that a framework for agreement emerged following late-night discussions on Saturday, several crucial matters remained unresolved. The ultimate decision remains with Trump. A diplomatic source was quoted as saying that while a political agreement exists, it awaits Trump's approval, who is maintaining negotiations until the final moment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo The suggested arrangement includes a standard 15% tariff on European Union exports to the US, matching Japan's agreement, with exemptions for crucial industries such as aircraft and spirits, excluding wine. EU member states must ratify any agreement. Their ambassadors, whilst in Greenland, received updates from the commission and planned subsequent meetings following potential agreement confirmation. The EU representative indicated that the 27 nations broadly supported the proposed arrangement, whilst maintaining their established negotiating positions. The summit between Trump and von der Leyen is taking place at Turnberry along Scotland's southwestern shoreline, at the president's golf establishment, where he spent considerable time playing over the weekend. Trump, aged 79, expressed on Friday his aspiration to achieve a significant agreement with the EU. "I think we have a good 50-50 chance," the president stated, noting approximately 20 unresolved matters. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
an hour ago
- Time of India
Dubai brokers earn a stunning AED 3.23 billion in just six months, land department reveals
Dubai's 29,577 registered brokers facilitated 42,181 transactions in H1 2025, nearly doubling commissions to AED 3.23 billion/ representative Image A Record Year in the Making Dubai's real estate market is not just having a good year, it's having its best one yet. In the first six months of the year, the market recorded its strongest mid-year performance to date. Total real estate transactions reached over AED 431 billion (approx. $117 billion) representing a 25 percent year-on-year increase. This growth was not only driven by property sales, but also by a wider set of real estate procedures that reflect a healthy and active market. Behind these numbers is a combination of policy changes, local and foreign investor confidence, and the steady expansion of supporting sectors such as real estate brokerage. Government strategies like the Dubai Economic Agenda D33 and the First Time Home Buyer Program have made it easier for residents and new investors to enter the market, while improved digital infrastructure and regulatory clarity have reduced friction in buying and selling property. This is not a short-term trend. The numbers show increasing participation from UAE residents, first-time buyers, and professionals working in real estate services, indicating that the market's growth is built on a broad base. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Paras Sector 59 Gurgaon | Luxury Awaits at Paras Floret Paras The Florett Book Now Undo The Engine of Growth: Brokers Take Center Stage Real estate brokers have played a central role in Dubai's property surge this year. In the first half of 2025, 42,181 transactions were completed through brokers. These deals generated more than AED 3.23 billion (approx. $880 million), in commissions, nearly double the AED 1.62 billion ($440 million) earned in the same period in 2024. This marks a 99 percent increase year-on-year. A significant reason for this spike is the sheer growth in the number of professionals entering the field. The Dubai Land Department (DLD) now lists 29,577 registered brokers, including 6,714 newcomers who joined in H1 2025 alone. This influx reflects growing trust in the sector, and in brokerage as a viable, high-value profession contributing meaningfully to the city's real estate infrastructure. A Rise in Women Brokers One standout development in the brokerage landscape is the rise of female participation. Today, 10,100 women are actively working as brokers, contributing to 13,424 transactions and generating nearly AED 1.43 billion (approx. $390 million) in commissions. Their growing presence highlights a shifting dynamic in deal-making, with women playing increasingly central roles in sales, negotiations, and client relationships. Beyond Transactions: A Wider Ecosystem The brokerage ecosystem now includes 1,223 registered brokerage offices and 78 property valuation offices employing 118 licensed valuers. In addition, 2,426 registered real estate services offices continued to play a pivotal role in the sector. During the first half of the year, Real Estate Registrations and Services Trustees Offices facilitated 114,848 transactions, serving 86,398 customers, marking a 15% increase in the number of customers compared to the same period last year. These offices handle key functions such as documentation, transaction processing, and regulatory compliance, forming a reliable bridge between buyers, sellers, and developers. This support network reinforces Dubai's position as a transparent, well-regulated, and investor-friendly real estate market. The Bigger Picture: Unprecedented Market Performance Zooming out, the broader real estate landscape in Dubai is thriving at every level. H1 2025 marked the strongest mid-year performance on record, with 125,538 real estate transactions, This is a 26 percent increase compared to the 99,947 transactions during the same period last year. The total value of these transactions rose from AED 345 billion (approx. $94 billion) in H1 2024 to AED 431 billion (approx. $117 billion) in H1 2025, reflecting a 25 percent annual increase. Over 1.3 million procedures were logged, ranging from property sales to leasing and renewals, illustrating a deeply liquid and dynamic market. Importantly, this wasn't just a frenzy of activity, it was strategic and sustained, supported by significant investor interest and long-term buying behavior. First-Time and Local Investor Investor participation has also increased. A total of 94,717 investors were active in the market in H1 2025, up 26 percent from the previous year. These investors carried out 118,132 investments with a combined value of AED 326 billion, equivalent to approximately 88.8 billion US dollars. This compares to AED 234 billion, or 63.8 billion US dollars, in H1 2024, reflecting a 39 percent increase in value. Within this group, 59,075 were first-time investors, marking a 22 percent rise from last year. These new participants contributed AED 157 billion, or 42.8 billion US dollars, to the market, which represents a 40 percent increase in investment value year-on-year. Notably, nearly 45 percent of these first-time investors were UAE residents, showing that government incentives and housing programs are succeeding in turning long-term residents into property owners. A Global Capital Magnet In the first half of 2025, Dubai attracted diverse capital inflows from key investor groups including: Foreign investors: AED 228.35 billion (approx. $62.2 billion) Arab (non-GCC) nationals: AED 28.4 billion (approx. $7.7 billion) GCC citizens: AED 22.56 billion (approx. $6.15 billion) The market also saw strong participation from women investors. A total of 30,487 women executed 34,792 transactions, with a total value of AED 73.2 billion($19.9 billion). This reflects increasing involvement of women in wealth-building and property ownership, aligning with the broader trend of inclusive economic growth. Where the Money Is Going: Top Investment Zones Dubai's property boom is geographically diverse. While traditional hotspots remain strong, newer zones are emerging with high transaction volumes and investment value: Top by Number of Deals: Al Barsha South Fourth: 10,469 transactions Al Yalayis 1: 7,595 Wadi Al Safa 5: 7,178 Business Bay: 6,601 Dubai Marina: 6,428 Airport City: 5,569 Top by Transaction Value: Dubai Marina: AED 25.1 billion ($6.83 billion) Business Bay: AED 22.5 billion ($6.12 billion) Burj Khalifa Area: AED 17.1 billion ($4.65 billion) Palm Jumeirah : AED 16.96 billion ($4.61 billion) Other Notables: Al Yalayis 1, Meaisem Second, Mohammed Bin Rashid Gardens , each logging over AED 14 billion ($3.8 billion+) This mix of waterfront developments, luxury zones, and emerging communities signals both a diversified portfolio of investor preferences and a robust supply pipeline. What's Fueling the Boom: Policy, Planning, and Trust Dubai's real estate success story in 2025 isn't accidental. It's the result of deliberate strategies, both legislative and visionary. Key drivers include: The D33 Economic Agenda: Aiming to position Dubai among the top three global cities economically. Dubai Real Estate Strategy 2033: Focused on long-term resilience, inclusion, and affordability. First Time Home Buyer Program: Offering preferential access, lower fees, and attractive mortgage terms for new buyers. Digital Reforms: Streamlined DLD services and transparent regulations. Stable Environment: In an increasingly volatile world, Dubai offers a mix of high returns, legal safety, and ease of doing business. Together, these efforts have redefined Dubai from a transactional real estate market to a structured, investor-driven hub rooted in public-private partnership and long-term urban development.
Time of India
an hour ago
- Time of India
Autorickshaw union plans to launch app to tackle refusal menace in Mumbai
Mumbai: The Mumbai Rickshawmen's Union on Sunday announced its plan to launch an app aimed at combating the refusal menace. The app will assure commuters of a ride and allow autorickshaw bookings while ensuring payment is made only by the RTO-approved meter. Union leader Thampy Kurien, who proposed the idea to the transport department, is set to demonstrate it to officials at Mantralaya this week. "Unlike Ola and Uber, our app will not calculate fares that are low, very high, or dynamic in nature. It will merely book an auto and ensure pickup from your doorstep or wherever you are waiting. After the pickup, the driver will flag down the meter and take you to the destination, collecting the actual fare as per the meter, " Kurien told TOI. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The union is also considering introducing a convenience charge, potentially a nominal Rs 5 per trip for app usage. It will seek MMRTA approval for any fare above the RTO-approved meter fare, said Kurien. He explained that the app's necessity arises after a series of refusals by auto drivers. Police statistics indicate there were nearly 4.7 lakh challans in 2024 for refusals by autos and taxis, with auto refusals accounting for over 70%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Interested in Investing? Cyprus Offers Many Options Cyprus Invest | Search ads Undo A senior transport official said they will review the app and, if it proves beneficial to commuters and auto drivers, there should be no issue in granting clearance. Kurien further indicated that he plans to challenge Ola and Uber autorickshaws operations in the city in Bombay high court. These vehicles do not operate by the meter despite drivers possessing state badges and permits, which require that vehicles function "only by the meter". Uber and Ola officials were unavailable for comment. Kurien also plans to petition the transport department to regulate autorickshaw operations outside railway stations. "At present, there are three different groups of autos – one which stands in queue and picks up passengers with no questions asked, the other which picks up while on the go, and a third group of cartel which parks autos at a distance and demands hefty share fares for popular destinations such as Linking Road, beaches, waterfronts, promenades, etc," he said. "We want govt to have a single queue outside all railway stations. If autorickshaws do not want to join this queue, they will have to drop passengers and leave the station precincts immediately. Those in queue should observe discipline and ferry all passengers – short or long distance," he added.
