Hyderaba

A devastating bus accident in Saudi Arabia has claimed the lives of 23 Indian nationals, including 18 members of a single family from Hyderabad and five individuals from another family. The group was reportedly traveling for a religious visit when their vehicle met with a catastrophic collision, leaving no survivors onboard. The tragedy has sent shockwaves through their home communities in Telangana, where relatives and local authorities are grappling with the enormity of the loss.

India’s residential property market, which has enjoyed a strong run in recent years, is showing early signs of cooling. A recent analysis by PropEquity suggests that housing sales across the nine largest cities are likely to decline in the upcoming quarter, following an extended period of high demand and record pricing. Factors such as rising interest rates, affordability concerns, and cautious consumer sentiment are expected to weigh on transaction volumes.

Malabar Gold & Diamonds, one of the world’s largest jewellery retailers, has launched its most ambitious project yet: a state-of-the-art, fully integrated manufacturing facility in Hyderabad, Telangana. Marking a significant leap in the company’s production capabilities, the new plant is its largest globally and reaffirms India’s critical role in the company’s global operations. Spanning over 3.45 lakh square feet, the facility strengthens Malabar’s manufacturing infrastructure and reinforces Hyderabad’s growing prominence as a hub for high-end jewellery production.

Global fintech firm Wise has received in-principle approval from the Reserve Bank of India (RBI) to operate as a cross-border payment aggregator, a move that significantly strengthens its operational footprint in one of the world’s largest remittance markets. This regulatory milestone aligns with Wise’s broader ambition to offer faster, more transparent, and cost-effective international money transfers. Currently facilitating approximately 10% of all inbound remittances into India, Wise aims to scale its services for Indian exporters and consumers alike.