Page 14 - Bengaluru

BluSmart halts bookings in NCR, Bengaluru as Sebi probes fund diversion

BluSmart co-founder Anmol Singh Jaggi has been accused by Sebi of diverting ₹26 crore from Gensol for personal expenses, including transfers to linked entities

London's Imperial College to open Indian hub in Bengaluru: Prez Hugh Brady

London's Imperial College is set to establish its Indian hub in Bengaluru to strengthen scientific, education and innovation partnerships between India and the UK, college President Hugh Brady said. The hub called "Imperial Global India" will be established as a Liaison Office and will focus on strengthening and co-creating new research partnerships between Imperial and leading universities and institutes in India, he said. It will also act as a communication channel to form closer ties with industry and policymakers and provide a platform for greater collaboration in innovation between India and the UK, he added. Sharing the development in an interview with PTI, Brady said Bengaluru is fourth in the series of Imperial Global network hubs following Singapore, San Francisco in US, and Accra in Ghana. He clarified that the hub will not be a branch campus of Imperial College, London which has been ranked second best university in the world and top in the UK in the latest QS World ...

Century Real Estate logs Rs 1,809 cr in FY25 Bengaluru sales, led by luxury

Century Regalia, located in Indiranagar, emerged as one of the brand's standout performers, contributing about Rs 1,000 crore to the company's top line

Realty advisory firm Grahm aims to invest about Rs 100 cr by FY26

Company to hire 300 employees, expand in 7 cities after Bengaluru

Karnataka minister faces flak for 'big city' remark on groping incident

Karnataka Home Minister G Parameshwara was speaking about a viral video, which shows a man molesting a woman in BTM Layout

Tata Starbucks looks to stir a local brew for its India expansion

India still lags global markets like China and the US, where Starbucks has the highest and second-highest number of stores, respectively

DK Shivakumar hints at 1 paisa per litre water tariff hike in Bengaluru

Karnataka Deputy Chief Minister D K Shivakumar on Wednesday said that the Bengaluru Water Supply and Sewerage Board (BWSSB) is likely to hike the city's water tariff by one paisa per litre. Defending the Congress government amid the BJP's protests against rising prices, he accused the saffron party of being "anti-farmer" for opposing the milk price hike, asserting that the increase was intended to benefit farmers. On Wednesday, the BJP launched a statewide day and night' protest against the Congress government, accusing it of imposing a financial burden on the public by increasing the prices of milk and diesel, hiking power tariffs, and raising bus and metro fares, among other measures. "BJP is not talking about the Karnataka Electricity Regulatory Commission (KERC) reducing power tariffs for certain sections. As for the milk price hike, shouldn't we support farmers? Let them (the BJP-led central government) reduce the prices of cattle fodder, petrol, and diesel to help farmers. BJP

Bengaluru garbage tax from April 1: Know rules and why you need to pay

The new fee will be collected alongside property tax and is expected to generate an additional revenue of Rs 750 crore annually

1 dead, 7 injured as Bengaluru-Kamakhya Express derails in Odisha's Cuttack

Seven people were injured as an express train derailed in Odisha's Cuttack district on Sunday, officials said. Eleven coaches of the SMVT Bengaluru-Kamakhya AC Express derailed at Nirgundi near Manguli at 11.54 am, Chief Public Relations Officer (CPRO) of the East Coast Railway Ashok Kumar Mishra said. Odisha Fire Service Director-General Sudhansu Sarangi said seven injured people have been rescued and taken to a nearby hospital. "The maximum number of injured persons should not be more than 10," he said. Personnel of the NDRF and Odisha Fire Service were assisting the railway in the rescue operation, he added. The train was heading to Kamakhya station in Assam's Guwahati from Bengaluru. Mishra said a relief train has been sent to the spot. "Arrangements are being made to help the affected passengers reach their destinations. Our priority is to restore the line at the earliest and accordingly, other trains will be diverted," he said. Three trains were diverted because of the ..

Bengaluru municipal body unveils Rs 19,930 crore Budget for 2025-26

The Bruhat Bengaluru Mahanagara Palike (BBMP) on Saturday presented its budget for 2025-26, prepared under the "Brand Bengaluru" concept, with an outlay of about Rs 19,930 crorean almost 50 per cent increase from the previous fiscal year, officials said. The budget proposes to collect a solid waste management user fee along with property tax from the year 2025-26. Presented by BBMP Special Commissioner (Finance) Dr Harish Kumar K, the major portion of the budgetabout 65 per cent, amounting to Rs 12,952.20 crorehas been allocated for development works. This was the fifth consecutive budget presented in the absence of an elected body. BBMP Administrator S R Umashankar and Chief Commissioner Tushar Girinath were present during the budget presentation. "For the first time, BBMP has presented a budget of this scale. Last year, our budget was Rs 13,408 crore; this time, it has increased by Rs 6,521.15 crore to Rs 19,930.64 crorean almost 50 per cent rise from last year. This was possible

Bengaluru's NW Corridor may see 16-19 mn sq ft commercial stock by 2030

The region is emerging as one of Bengaluru's fastest-growing secondary business districts (SBD), driven by rapid real estate activity and infrastructure development

Skye Air introduces 7-minute drone delivery service in Bengaluru

The introduction of drone deliveries in Bengaluru is set to transform the e-commerce and quick commerce landscape, offering speed, efficiency, and sustainability

BEML wins Rs 405 crore order for 42 more coaches from Bengaluru Metro

BEML Limited, a leading Rail and Defence company on Friday announced that it has been awarded an additional order of over Rs 405 crore by Bangalore Metro Rail Corporation Limited. This order includes supplying seven additional metro trains (42 cars) for the Bangalore Metro Rail Project Phase 2, bringing the total number of train sets under the contract from 53 to 60, it said. In a statement, the BEML Limited said, "Designed and developed entirely by BEML's in-house engineering teams in Bengaluru, these state-of-the-art driverless train sets feature a robust six-car formation. Constructed using high-tensile Austenitic stainless steel, the metro cars are engineered for enhanced durability, safety, and passenger comfort." According to the company, Each car is equipped with two roof-mounted Saloon Air Conditioners to ensure an optimal travel experience. The new metro trains will incorporate advanced technological systems, including an IP-based Passenger Announcement (PA) and Passenger

Office space leasing up 15% in Jan-Mar across 7 major cities: Colliers

Office space leasing rose 15 per cent during January-March period to 159 lakh sq ft across seven major cities on higher demand from domestic and foreign companies, according to Colliers. The gross office leasing stood at 138 lakh sq ft in the year-ago period. Real estate consultant Colliers India on Thursday released the data for the India office market. As per the data, the gross leasing of office space in Bengaluru increased 13 per cent to 45 lakh square feet in the current quarter from 40 lakh square feet in the year-ago period. In Chennai, the gross leasing of workspace surged 93 per cent to 29 lakh square feet from 15 lakh sq ft. Office leasing in Delhi-NCR grew 32 per cent to 33 lakh sq ft from 25 lakh sq ft. Mumbai witnessed 16 per cent growth in office leasing to 22 lakh sq ft from 16 lakh sq ft. In Pune, the office leasing rose 50 per cent to 12 lakh sq ft from 8 lakh sq ft. However, the demand in Hyderabad and Kolkata was low. In Hyderabad, the leasing activities fel

Primus launches B'luru's 1st multi-generational community 'Primus Sangama'

A multi-generational community is typically designed for children, adults, and seniors to coexist while maintaining independent lifestyles

Chhattisgarh govt woos companies from Bengaluru to invest in state

Representatives from companies such as BEML, Gokaldas Exports and Britannia praised the state's business-friendly policies and infrastructure support

BCD Group doubles order book to Rs 2K cr, aims to boost Pan-India presence

BCD Group has already secured orders worth Rs 350 cr in Q1 from developers such as Godrej, Assetz, and Century, driven by growing demand for commercial, residential spaces across key cities

Brigade buys 4.4 acre land in Bengaluru, tragets Rs 950 crore revenue

Realty firm Brigade Enterprises has acquired 4.4 acres of land in Whitefield Bengaluru to develop a housing project with an estimated revenue of Rs 950 crore. In a regulatory filing on Monday, the company said it will develop a premium residential project with a total development potential of 0.6 million (6 lakh) square feet and a Gross Development Value of approximately Rs 950 crore. Pavitra Shankar, Managing Director of Brigade Enterprises, said this land acquisition will enhance its portfolio. Established in 1986, Brigade Group is one of India's leading property developers. Brigade has developed many projects across South and West India. Bengaluru-based Brigade has a presence in residential, office and retail segments of real estate as well as hotel business.

Bengaluru waterlogged after first seasonal rain, 3-year-old girl dies

According to the Civil Defence Force, around 30 trees were uprooted and 48 branches fell across Bengaluru, posing significant safety risks

Boeing lays off 180 people in India as part of global workforce reduction

US aircraft maker Boeing gave pink slips to up to 180 employees at its engineering technology centre in Bengaluru as part of a global workforce reduction exercise, according to a source. Boeing, which has been facing multiple headwinds globally, has around 7,000 staff in India, which is also a key market for the company. Last year, Boeing announced a global workforce reduction of around 10 per cent. The source aware of the development said as part of the global workforce reduction, up to 180 staff at the Boeing India Engineering Technology Center in Bengaluru were laid off in the December quarter of 2024. There was no official statement from Boeing. The source said strategic adjustments were made affecting limited positions while ensuring no adverse impact on customers or government operations. While some roles have been removed, new positions have also been created, the source said and added that reductions in India have been more measured, with a clear focus on maintaining cust