WebinarsNew
Deep DiveNew
Explore Business Standard
Prime Minister Narendra Modi on Friday inaugurated the much-awaited Pink Line from Kalena Agrahara to Tavarekere of the Metro Rail project here, built at a cost of around Rs 3,470 crore. PM Modi and Karnataka Chief Minister D K Shivakumar together flagged off the new services and travelled on the Metro train. Modi and Shivakumar were also seen buying separate tickets from the counter. The chief minister explained to the PM about the advantage of a double-decker elevated corridor having a metro rail line as well as a flyover to ease traffic congestion in the city. Governor Sudha Yadav, MP Tejasvi Surya and Minister K B Gowda also travelled in the Metro train. The total length of the Pink Line is 21.25 km, comprising 18 stations. While the elevated corridor, which the prime minister inaugurated, has six stations, the underground section will have 12 stations and is still under construction. According to an official statement, the Pink Line Project from Kalena Agrahara to Tavarekere
BIAL, which operates the Kempegowda International Airport here, said on Saturday that Kannadigas form the majority of its workforce and that its ongoing expansion will create more jobs for people from the state. In a statement issued amid concerns over employment opportunities for locals at the airport, Bangalore International Airport Ltd said it was engaging with the relevant authorities and stakeholders to address the issues raised. "Kannadigas constitute the majority of KIAB's workforce," it said. The statement came a day after pro-Kannada outfit Karnataka Rakshana Vedike (KRV) held discussions with companies operating at the airport, seeking to enhance employment opportunities for Kannadigas as part of its campaign for greater representation of locals in private-sector jobs. The airport operator said it was deeply rooted in Karnataka, with the state's identity, culture and aspirations reflected in the airport's art, architecture, design and passenger experiences. Since commenc
Air India will rebalance its airport hubs and network, reduce costs as well as look for more wide-body aircraft, its CEO and MD Tewolde Gebremariam said on Tuesday as the airline bets big on growth opportunities. Spelling out the strategy for the loss-making airline, Gebremariam, who officially took charge in October, said Air India wants to regain its overseas market share. "Air India has been punching below its weight and that will change," Gebremariam said at a conference in the national capital. Betting big on the "huge growth opportunities", he said the airline would want to increase the order for wide-body aircraft. The overseas network of flights will be rebalanced and the airline will look at Bengaluru as a third hub in addition to Delhi and Mumbai, he said at the Aviation India and South Asia 2026 conference. Tata Group-owned Air India, which is in the middle of an ambitious transformation plan, has been grappling with multiple headwinds, including Pakistan airspace closu
Real estate firm Mahindra Lifespace Developers Ltd will jointly develop a housing project in Bengaluru with an estimated revenue of Rs 1,250 crore. In a regulatory filing on Tuesday, the company announced "joint development of a 10.05-acre land parcel in North Bengaluru". Mahindra Lifespace did not name the landowner with whom it has entered into the joint development agreement. The project is estimated to offer about 1 million (10 lakh) sq ft of saleable area, and is expected to have a revenue potential of around Rs 1,250 crore. With this addition, the company now has three projects in the Bengaluru region, with a combined development potential of approximately 3 million sq ft of saleable area. Established in 1994, Mahindra Lifespace Developers Ltd's development footprint spans 55.90 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It also has over 5,000 acres of ongoing and forthcoming projects at industrial ..