2 weeks ago

Wall Street to Amaravati: Penthouse Deal, Scam Probe, New Ventures

In a city called Hyderabad in India, people love to talk about the latest news in their town.

A man named Vamsi Atluru used to work with money on Wall Street in America.

He came back home to start a company called Aasthi that helps Indians living abroad invest their money in India.

A famous cricketer, Jonty Rhodes, joined his team.

In another story, someone bought a super expensive apartment for 62 crore rupees, which is a huge amount of money.

Grown-ups are also worried because some people on Instagram are using fancy pictures to trick others into giving money.

There is a happy story too: doctors who fix broken bones went on a big bicycle ride to stay healthy.

A famous movie director named Rajamouli is making a new film called Varanasi, and everyone is curious about it.

Hyderabad always has lots of exciting things to talk about!

Key facts

New platform: Aasthi — helps NRIs invest in Indian real estate, startups and funds; launched by Vamsi Atluru with projects lined up in Visakhapatnam and Amaravati
New ambassador: Jonty Rhodes joined Aasthi as Director and Global Ambassador
Record apartment deal: Reported sale of Rs 62 crore for a 30,000 sq. ft. penthouse at Trump Towers Hyderabad — most expensive apartment deal in the city so far
Developers: Kalpesh Mehta's Tribeca Developers in collaboration with Ira Realty
Chit fund probe: Enforcement Directorate froze 182 bank accounts and seized Rs 1 crore in cash
Alleged scam: Rs 2,000-crore chit fund scam linked to Malla Vijaya Prasad's Wellfare Buildings and Estates Pvt Ltd (WBEPL)
Cyclothon: More than 200 cyclists, including AIG Hospitals' orthopaedic doctors, led by Ravi Revolution at the Solar Roof Cycling Track
Upcoming film: Rajamouli's 'Varanasi' — no international partner confirmed; Hollywood studios reportedly not showing interest

deccanchronicle.com · 2 weeks ago