Page 2 - Bangalore

Heavy rains batter Bengaluru; yellow alert issued across Karnataka

Heavy rains led to widespread waterlogging, traffic jams, and uprooted trees in Bengaluru, as the IMD issued a yellow alert for the city and much of Karnataka

Karnataka HC directs taxi firms to stop bike taxis within six weeks

The Karnataka High Court on Wednesday directed taxi aggregators to stop bike taxi services in the state within six weeks. It stated that bike taxis cannot operate until the state government notifies proper guidelines under the Motor Vehicle Act. The single-judge bench of Justice B M Shyam Prasad directed the state government to ensure that bike taxi operations are halted within the stipulated time. This direction came after ride-hailing apps such as Ola, Uber, and Rapido, which also operate bike taxis, approached the High Court seeking necessary directives for the state government to formulate a policy for running bike taxis. While ordering the bike taxi operators to cease operations by six weeks, the court instructed the state government to formulate guidelines in this regard.

Bengaluru traffic advisory amid metro construction, multiple road widening

Traffic in Bengaluru is expected to be slow at Outer Ring Road Salem Railway Bridge due to ongoing metro work

Actor Ranya Rao learnt to hide gold from YouTube; what else did she confess to the DRI?

Kannada actor Ranya Rao was caught smuggling 14.8 kg of gold at Bengaluru airport. She confessed to learning smuggling techniques from YouTube videos.

Playbook Partners to invest $20 mn each in 12-15 firms over 2 years

Growth capital firm Playbook Partners intends to invest USD 20 million (around Rs 175 crore) each in about 12-15 companies over the next two years, a top company official said. The firm's investment portfolio includes companies like Myntra, PolicyBazaar, InMobi, Nazara Technologies, Rapido, and Renee, among others. While primarily investing in India, it has also backed global companies like SpaceX and Stripe. "With planned investments up to USD 20 million each in 12-15 companies, we are targeting high-potential ventures across SaaS, E-commerce, Healthtech, ClimateTech, B2B & B2C, Playbook Partners Founder and Managing Partner Vikas Choudhury said. Our focus is on companies that have crossed Rs 100 crores in turnover, where our capital and expertise can accelerate their journey to the next level of growth," Choudhury told PTI. Commitments to three companies are in the final stages of closing and will be announced over the next quarter, he added. The former Jio president said he has

CapitaLand India Trust to invest Rs 1k cr in Maia Group's Bengaluru project

Singapore-based CapitaLand India Trust (CLINT) will provide around Rs 1,000 crore fund in a commercial project being developed by Maia Group in Bengaluru. In a statement on Friday, CLINT said it has "entered into a forward purchase agreement with Maia Estates Offices Pvt Ltd to acquire an office project at Nagawara, Outer Ring Road (ORR), Bengaluru". Maia Estates Offices is an affiliate of Bengaluru-based luxury residential developer Maia Group. Sitting on a land parcel of about 4.6 acres, the office complex is part of a mixed-used development with a total net leasable area of approximately 1.36 million sq ft. The mixed-use development is a flagship commercial project of Maia, comprising office and retail space with net leasable areas of 1.13 million sq ft and 0.22 million sq ft respectively. "As part of the forward purchase arrangement, CLINT will fully fund the development of the office project and receive interest on the funding at a rate which is higher than its borrowing cost

Aero India Show 2025: Check registration process, tickets, venue and more

Aero India 2025 will be held from Feb 10-14 in Bengaluru, showcasing cutting-edge aerospace and defence technologies. The event will feature industry leaders and global defence and aviation experts

Becoming Bangalore: Roopa Pai's book explores the city's history, culture

The book is an introduction to the city as seen through the eyes of one of its own

CAS Bengaluru concert canceled: How to get your refund? Details inside

Indie-pop band, Cigarettes After Sex (CAS) canceled their Bengaluru concert on Jan 28 at the last minute, citing local technical issues. This left fans curious, frustrated, and disappointed

Takeda opens Bengaluru ICC, targets 750 employees to boost India presence

The flagship ICC in Bengaluru complements Takeda's existing centres in Slovakia and Mexico, highlighting its strategic focus on data and advanced digital technologies

Passenger traffic at Bengaluru airport grows 9% to 40.73 mn in 2024

Passenger traffic at Bangalore International Airport grew 9 per cent year-on-year to 40.73 million in 2024, driven by higher air traffic movements and the addition of new destinations, Bangalore International Airport Ltd (BIAL) has said. The airport handled 37.2 million passengers in January-December 2023, BIAL said. The airport also reported its highest-ever annual cargo tonnage of 496,227 MT in 2024, reflecting strong performance in international and domestic segments, it added. Bangalore Airport welcomed 40.73 million (4.07 crore) passengers in 2024 compared to 37.2 million (3.72 crore) in 2023, with the highest number of passengers in a single day getting recorded at 1,26,532 on October 20, the private airport operator said. Additionally, the airport recorded a peak of 782 Air Traffic Movements (ATMs) on October 17, 2024, with an annual average of 723 ATMs per day. Stating that the facility witnessed robust growth in both passenger and cargo traffic during 2024, BIAL said this

Brigade Group's mixed-use project in Hyd targets Rs 3,300 cr in home sales

The project spans approximately 10 acres and is designed to be Hyderabad's most integrated lifestyle mixed-use development

Bengaluru's industries most inclusive towards women: Avtar Group report

Bengaluru recorded an industrial inclusion score (IIS) of 81.33 in 2024, the highest in the country

India's space sector funding drops 55% in 2024 amid global downturn

The government has sought to stimulate the sector by approving a 10 billion rupee ($119 million) fund in October 2024 to support space startups and setting plans to expand India's share

Bengaluru techie suicide: Court refuses to quash complaint against wife

The Karnataka High Court has refused to stay order on abetment of suicide complaint filed against Atul Subhash's wife and family

Masks, whistling ban: Bengaluru enforces strict rules for New Year's eve

From vehicle restrictions to mandatory masks, here are all the rules implemented by Bengaluru Police to ensure safety in the city during New Year's eve celebrations

Shivakumar seeks research centre at Bangalore University for Manmohan Singh

Karnataka Deputy Chief Minister D K Shivakumar on Friday wrote to the state's Higher Education Minister, M C Sudhakar, requesting necessary steps to establish a research centre at Bangalore University in honour of former Prime Minister Manmohan Singh. The centre would focus on studying, researching, and documenting Singh's programmes and policies. Manmohan Singh, widely regarded as the architect of India's economic reforms, passed away in New Delhi on Thursday night at the age of 92. "Former Prime Minister Manmohan Singh was one of the world's greatest economists. The globalisation, liberalisation, economic policies, and governance discipline introduced during his tenure made India economically strong," Shivakumar stated, in a note addressed to Sudhakar and the Vice-Chancellor of Bangalore University. Highlighting transformative initiatives like the Right to Information Act (RTI), Right to Education Act (RTE), Food Security Act, and the Aadhaar Card (Unique Identity Card scheme), .

Bengaluru techie suicide, Amazon quick comm, Mobikwik, Vishal Mega Mart IPOs & more

The Supreme Court today raised concerns over the growing misuse of cruelty laws by married women to harass husbands and in-laws

Fairfax India to get addl 10% stake in Bengaluru airport operator BIAL

Fairfax India Holdings will buy an additional 10 per cent stake in Bengaluru airport operator BIAL, hiking its overall shareholding to 74 per cent. Bangalore International Airport Ltd (BIAL) is a joint venture between Fairfax India, Airports Authority of India (AAI) and Karnataka State Industrial and Infrastructure Development Corporation Ltd. The latter two entities have 13 per cent stake each. "The transaction is expected to close in Q1 2025, upon which the additional 10 per cent equity interest in BIAL will be acquired by Fairfax India for, in aggregate, USD 255.0 million. The purchase price will be payable in three installments, with the initial installment to be paid on the closing date in Q1 2025," Fairfax India said in a release. The second and third installments are to be paid on or around August 31, 2025 and July 31, 2026, respectively. Fairfax India is acquiring the 10 per cent stake from Siemens Projects Ventures. "We would like to thank Siemens for the great partnershi

Chennai-based real estate firm DRA to expand footprint to Pune, Bengaluru

DRA is expecting its revenue to touch Rs 500 crore this financial year and has set a target of Rs 1,000 crore by 2026-27