Page 23 - Bengaluru

NIA arrests key accused in TN Hizb-ut-Tharir case from Bengaluru airport

As per NIA investigations, the accused had conducted secret Bayaans, where many participants, particularly gullible youth, were radicalised

Realty firm Prestige Estates launches QIP to raise up to Rs 5,000 crore

Realty firm Prestige Estates Projects Ltd plans to raise up to Rs 5,000 crore by selling equity shares to institutional investors through private placement. The company on Thursday launched its Qualified Institutional Placement (QIP). A fundraising committee of the board approved the floor price for the QIP issue at Rs 1,755.09 per equity share. In July, the company had taken approval of its shareholders to raise capital by way of public or private offerings including through a QIP to eligible investors through an issuance of equity shares or other eligible securities for an amount not exceeding Rs 5,000 crore. Bengaluru-based Prestige Estates is one of the leading developers in the country, with a significant presence in the South India market. The company has entered Mumbai and Delhi-NCR markets as well. Recently, Prestige Estates Projects reported a 13 per cent decline in its consolidated net profit to Rs 232.6 crore in the June 2024 quarter on higher expenses. Its net profit

Avg housing prices up 90% in Bengaluru's Bagaluru; 79%at Dwarka Expressway

Housing prices in Bengaluru's Bagaluru rose highest by 90 per cent since 2020, while Dwarka Expressway in Delhi-NCR ranked 4th with 79 per cent average appreciation, according to Anarock. Real estate consultant Anarock analysed price trends in the top 3 micro-markets of the 7 major cities, based on the maximum new supply seen in the last five years. As per the data, Bengaluru's Bagaluru recorded the highest price appreciation of 90 per cent between 2019-end and June this year. "Average residential prices at Bagaluru jumped from Rs 4,300 per sq ft in 2019 to Rs 8,151 per sq ft in H1 2024," Anuj Puri, Chairman at Anarock, said. Hyderabad's Kokapet is ranked second with 89 per cent price appreciation. Prices rose from Rs 4,750 per sq ft in 2019 to Rs 9,000 per sq ft in H1 2024. Bengaluru's Whitefield ranked third, with an 80 per cent rise in residential prices during the period. Average prices increased to Rs 8,600 per sq ft in H1 2024 from Rs 4,765 per sq ft in 2019. NCR's Dwarka

Traffic scene in B'luru getting more distressing every day: Tejasvi Surya

He also called on Karnataka Deputy Chief Minister DK Shivakumar who is also Bengaluru Incharge Minister to convene an urgent meeting with elected representatives

Ola Electric's S1 X model gets PLI certification, joining S1 Air, Pro

Apart from Ola, applicants including Mahindra & Mahindra (M&M), Tata Motors, Ashok Leyland, and Toyota Kirloskar, among others, have received PLI certificates

19 students hospitalised in Bengaluru after exposure to rat repellent spray

A total of 19 students were sick due to breathing problems due to the presence of poisonous substances

Bank of Baroda, Canara Bank, and UCO Bank hike MCLR by 5 basis points

UCO Bank reduces T-bill benchmark linked rates

NatWest Group expands its footprint in Bengaluru with 370k sq ft office

NatWest believes that the location will serve as a hub for pioneering technology solutions and cutting-edge developments

Karnataka govt allows Bengaluru bars, hotels, clubs to operate till 1 am

Hotels, shops, bars, and licensed establishments in Bengaluru can now remain open until 1 am daily; policy is only applicable exclusively within the limits of the BBMP

Competitors unfazed by Flipkart's 10-minute delivery service foray

Execs at rival players say they'll be concerned only after the e-commerce giant succeeds in this space

Zepto to shift headquarters to Bengaluru, mandates employees to relocate

Zepto is planning to shift its headquarters from Mumbai's Powai to Bengaluru's Sarjapur, and has mandated all its employees to relocate to Bengaluru by the end of November or early December

Britannia Industries Q1 FY25 results: Net profit rises 10.5% to Rs 506 cr

Revenue rises due to better operating margins

AI, Robotics companies led office space absorption in Bengaluru: Vestian

The office market demand surge in Bengaluru is attributed to the rapid global advancements in artificial intelligence and a supportive local ecosystem

Retail leasing in Bengaluru grows by 39% in H1 2024 to 1 mn sqft: CBRE

Retail leasing in India surged to a five-year high in the first half of 2024, reaching 3.1 million square feet across eight cities

Commuting in Bengaluru: Walking 6 km will take you less time than driving

Google Maps showed that it would take 44 minutes to drive between Brigade Metropolis and KR Puram Railway Station, and only 42 minutes to cover the same distance on foot

Asia's 50 Best Bars 2024: ZLB23 named India's best bar, ranks 40th in list

Asia's 50 Best Bars 2024 list has been released, and Begnaluru's ZLB23 is ranked 40th in the list. Hong Kong's Bar Leone tops the chart

Masala dosa for Rs 20, Idli for 10; Restaurant menu shocks Bengaluru woman

A woman shared a post on X revealing that Taaza Thindi restaurant serves Dosa and Idli at shockingly low prices; she compared the prices with Rameshwaram Cafe

War of words over Karnataka Bill on local quota in private sector jobs

The National Association of Software and Service Companies (Nasscom) expressed "deep concern" about the Karnataka State Employment of Local Industries Factories Establishment Bill, 2024

Aerospace major P&W opens new customer service centre in Bengaluru

US aerospace major Pratt & Whitney on Wednesday announced the establishment of a new Customer Service Centre (CSS) in Bengaluru. As part of the company's India Capability Centre, the new facility will drive customer service and operations support for Pratt & Whitney Canada's 68,000 engines in service globally, the company said. Co-located with Pratt & Whitney's supply chain operations, engineering, and digital transformation centres of excellence in India, CSS will deliver a range of services such as MRO support, spare part management, engine leasing, engine reliability analysis and contract administration. The facility will employ over 150 aerospace experts and engineers who will support a global customer service ecosystem, it added. The centre is expected to cater to clients, including domestic and global airlines, original equipment manufacturers, MROs, regulatory bodies and small operators, Pratt & Whitney said. "With the new Customer Service Centre, we are ...

Karnataka DCM to hold meeting for improving inter-agency coordination

Karnataka Deputy Chief Minister D K Shivakumar on Tuesday said he would hold a meeting with all the MLAs and MPs of Bengaluru on July 27 to discuss improving coordination among various agencies in the city for better governance. Shivakumar, who is also the Minister in-charge for Bengaluru Development was replying to Leader of the Opposition R Ashoka and BJP MLAs S Suresh Kumar and K C Ramamurthy, during the Question Hour in the Legislative Assembly. "I agree with the concerns raised by the members of the House. There is a lack of coordination among various agencies in Bengaluru. We have done a lot of work to improve the inter-agency coordination over the last one year, but we have had only partial success. "If the Opposition members cooperate, we can discuss various coordination issues such as traffic congestion, drinking water, waste disposal, street lights, tax collection, etc in the meeting," Shivakumar said. "We can either hold a detailed discussion in the House or we can hold