
Minister hails Naidu's leadership at Mahanadu
Highlighting recent initiatives, the Minister said CM Chandrababu allocated Rs 6 cr for upgrading the C-Camp Rythu Bazaar in Kurnool, where an Anna Canteen will also be established. He added that instructions have been issued to modernize Rythu Bazaars across all 175 constituencies.
He also announced a personal contribution of Rs. 1 crore for constructing a BC Bhavan in Kurnool and noted that the Orvakal Industrial Park will soon attract major industries, generating employment. At the recent SIPB meeting, large-scale investments were approved for the region.
Encouraging party workers to begin early preparations for the upcoming municipal elections, Bharat urged aspiring candidates to build rapport with the public and work on resolving local issues. He stressed the goal of winning all 33 wards in the Kurnool constituency.
KUDA Chairman Somisetti Venkateswarlu praised Minister Bharat for his active public service, expressing confidence in Kurnool's progress under his leadership. The event was attended by party leaders, corporators, and workers.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
8 minutes ago
- Economic Times
Sobha Ltd Q1 results: PAT zooms 123% YoY, revenue up by 35%
Sobha Ltd has reported a strong set of numbers for the first quarter of the financial year 2025–26, with its profit after tax (PAT) rising 123% year-on-year (YoY) to Rs 13 crore, while the revenue for the quarter stood at Rs 901 crore, marking a 35% year-on-year increase. ADVERTISEMENT The company also achieved a key milestone in its real estate performance, recording its highest-ever quarterly sales value of Rs 2,079 crore, an 11% year-on-year increase. This is the first time Sobha has crossed the Rs 2,000 crore sales mark in a single quarter. Total collections during the quarter stood at Rs 1,778 crore, representing a 15% YoY growth. The company continued to strengthen its balance sheet, reducing its net debt position. Net debt stood at a negative Rs 687 crore, resulting in a Net Debt-to-Equity ratio of -0.15 as of the end of the quarter. 'We achieved our highest-ever quarterly sales, fueled by robust demand across cities of our real estate operations. The successful launch of our first project in Greater Noida marks a pivotal milestone, reinforcing our brand's strength. Our unique backward integrated delivery model continues to drive consistent performance, supported by ongoing investments in operational excellence. With a strong balance sheet and a stable demand environment, we are well-positioned for sustained growth. We remain committed to delivering exceptional value to our customers through uncompromising quality, reliability, and transparency while investing in new opportunities, our people, technology and processes,' said Jagadish Nangineni, Managing Director of Sobha terms of operational performance, new area sold during the quarter was 1.44 million square feet, reflecting a 23% increase over the same period last year. The average price realization stood at Rs 14,395 per square foot, and the company launched a salable area of 1.62 million square feet during the quarter. Sobha Ltd shares closed 1% lower at Rs 1,612.65 on the BSE on Friday. ADVERTISEMENT Also read: IDFC First Bank Q1 Preview: PAT may fall up to 68% YoY amid NIM pressure. 6 things to watch (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


Hans India
8 minutes ago
- Hans India
India, Maldives to boost bilateral cooperation in fisheries and aquaculture
New Delhi: The memorandum of understanding (MoU) between India and the Maldives to enhance bilateral collaboration in the fields of fisheries and aquaculture aims to promote sustainable tuna and deep-sea fisheries, strengthen aquaculture and sustainable resource management, foster fisheries-based eco-tourism, and support innovation and scientific research across both the countries, the government said on Saturday. The Department of Fisheries and the Ministry of Fisheries and Ocean Resources of the Maldives have signed an MoU to enhance bilateral collaboration in the fields of fisheries and aquaculture. The MoU is part of six MOUs exchanged between India and Maldives during Prime Minister Narendra Modi's state visit to the island nation, according to Ministry of Fisheries, Animal Husbandry and Dairying. Key areas of collaboration outlined in the MoU include value chain development, mariculture advancement, trade facilitation, and capacity building within the fisheries sector. As part of this initiative, the Maldives will scale up its fish processing capabilities by investing in cold storage infrastructure and strengthening the aquaculture sector through hatchery development, improved production efficiency, and the diversification of cultured species. The collaboration also will facilitate training and knowledge exchange programs, with a focus on capacity building in aquatic animal health, biosecurity screening, aquaculture farm management, and specialised technical fields such as refrigeration, mechanical engineering, and marine engineering to support long-term skills development within the sector. According to the ministry, the cooperation reflects the shared vision of India and Maldives to build a more resilient, innovative, and sustainable future for the fisheries industry. Several agreements across diverse sectors were signed which reaffirmed the bilateral partnership between India and Maldives. These include agreement for a Line of Credit (LoC) of Rs 4,850 crore to the Maldives; amendatory agreement on reducing annual debt repayment obligations of the Maldives on Indian government-funded LoCs; to launch the India-Maldives Free Trade Agreement (FTA)-Terms of Reference; MoU on cooperation in the field of Fisheries and Aquaculture; MoU between the Indian Institute of Tropical Meteorology (IITM), Ministry of Earth Sciences and the Maldives Meteorological Services (MMS), Ministry of Tourism and Environment; and an MoU on cooperation in the field of sharing successful digital solutions implemented at population scale for digital transformation, among others.


Time of India
8 minutes ago
- Time of India
Sobha Ltd Q1 results: PAT zooms 123% YoY, revenue up by 35%
Synopsis Sobha Limited has announced impressive first-quarter results. The company's profit after tax surged by 123%. Revenue also increased by 35%. Sobha achieved its highest-ever quarterly sales value, crossing Rs 2,000 crore. New area sold increased by 23%. The company's managing director, Jagadish Nangineni, expressed optimism about sustained growth due to a strong balance sheet and stable demand.