Since 1956, Rashtrapati Nilayam in the city has been the winter office of the President of India.
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The accession of Asif Jah II, who reigned from 1762 to 1803, ended the instability.
In 1768 he signed the treaty of Masulipatnam, surrendering the coastal region to the East India Company in return for a fixed annual rent.
Relics of Qutb Shahi and Nizam rule remain visible today; the Charminar—commissioned by Muhammad Quli Qutb Shah—has come to symbolise Hyderabad. The influence of Mughlai culture is also evident in the region's distinctive cuisine, which includes Hyderabadi biryani and Hyderabadi haleem.
The Qutb Shahis and Nizams established Hyderabad as a cultural hub, attracting men of letters from different parts of the world.
Hyderabad was historically known as a pearl and diamond trading centre, and it continues to be known as the City of Pearls.
Many of the city's traditional bazaars remain open, including Laad Bazaar, Begum Bazaar and Sultan Bazaar.
Industrialisation throughout the attracted major Indian manufacturing, research and financial institutions, including Bharat Heavy Electricals Limited, the National Geophysical Research Institute and the Centre for Cellular and Molecular Biology.
Special economic zones dedicated to information technology have encouraged companies from India and around the world to set up operations in Hyderabad.
The emergence of pharmaceutical and biotechnology industries in the 1990s led to the area's naming as India's "Genome Valley".