Page 24 - Bengaluru

Is the future here already?

Delhi and Bengaluru's water shortage is reminiscent of dystopian fiction

US-based AI company Glean Technologies launches its first office in India

Glean's launch in Bengaluru underscores its commitment to empowering Indian enterprises through advanced AI technologies and expanding its customer base in the Asia-Pacific region

Realty co Mahindra Lifespace eyes Rs 2,050 cr revenue from 2 new projects

Realty firm Mahindra Lifespace Developers Ltd on Thursday said it has acquired land in Bengaluru and bagged a redevelopment project in Mumbai with a combined revenue potential of Rs 2,050 crore. In a regulatory filing, the company informed about the "closure of two deals aggregating to Rs 2,050 crore in Gross Development Value (GDV)". These strategic moves include securing a third redevelopment project in Mumbai and acquiring a prime land parcel in Bengaluru, it added. Mahindra Lifespaces has been chosen as the preferred partner for the redevelopment of seven residential societies in the prestigious Borivali West, Mumbai neighbourhood. The company has recently acquired 2.37 acres of land in Singasandra, South Bengaluru. The land is estimated to have a developable potential of approximately 0.25 million square feet, with a Gross Development Value of around Rs 250 crore. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd, said, "These strategic moves in ...

'Pay salaries or face an audit': NCLT warns crisis-hit edtech firm Byju's

The Bengaluru-based law tribunal told Byju's to pay the outstanding salaries to its employees irrespective of whether it has access to the funds raised through its rights issue

Companies resort to 'office peacocking' to retain, lure employees: Report

To retain employees and bring them back to office, many companies are resorting to 'Office Peacocking', which involves creating a swanky or fancy work space, and spending huge amounts of their budget on attractive designs, says industry experts. The 'Office Peacocking' concept gained significant traction in India post-Covid, as companies sought to entice employees back to the office following the remote work shift induced by the pandemic in order to compete with the comfort of home offices, human resource service provider TeamLease Services CEO-Staffing Kartik Narayan told PTI. Peacocking involves redesigning office spaces with stylish decor, trendy furniture, cosy corners, natural light, and well-stocked pantries to create an inviting and vibrant work environment. The goal is to make the office more attractive and enjoyable for employees, enhancing their willingness to return to in-person work. "Companies are allocating a substantial portion of their budgets for office redesigns. .

Godrej's Bengaluru launch sells over 2,000 homes, nets Rs 3,150 crore

This achievement is the second instance in the past three months where Godrej Properties has reached sales of Rs 3,000 crore

Godrej Properties buys land in Bengaluru for high-end residential project

Realty firm Godrej Properties on Monday said it has acquired a 7-acre land in Bengaluru to develop a luxury housing project with an estimated revenue of Rs 1,200 crore. In a regulatory filing, the company informed about the acquisition of around 7 acres of land in Thanisandra, North Bengaluru on an outright basis. The development on this land will comprise a high-end residential project featuring premium residential apartments of various configurations. The proposed project is estimated to have a developable potential of about 9 lakh square feet with a revenue potential of around Rs 1,200 crore, the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, the availability of land parcels and infrastructure development has turned Bengaluru into a mature real estate market with increased demand for residential development. "North Bengaluru is an important market for us, and we are happy to add this land parcel to our portfolio. This will further strengthen our presence in ...

Apple to establish major presence in Bengaluru with new office tower lease

The deal, part of Embassy's redevelopment of a prime 2.3-acre site slated to become Apple's second-largest Bengaluru facility by 2025, includes lease rates increasing by 15% every three years

Brigade Enterprises eyes Rs 1,100 cr revenue from housing project in B'luru

Realty firm Brigade Enterprises on Thursday said it has launched a new housing project with a revenue potential of Rs 1,100 crore. The project 'Brigade Insignia' is located at Yelahanka, Bengaluru, and comprises 379 units. "The project has a revenue potential of Rs 1,100 crore," the company said in a statement. Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said, "Demand for residential projects is currently high, and the segment is witnessing steady growth. This project is set to ride on that demand and is part of our 11 million square feet expansion plan in the residential space and will be ideal, both as an investment and for ownership." Apartments at Brigade Insignia are available at a ticket size ranging from Rs 3 crore to Rs 9 crore. The project is expected to be completed in June 2029. Brigade Group is one of India's leading property developers. Instituted in 1986, the company has developed many projects across South Indian cities - Bengaluru, Mysuru, Hydera

Sobha Ltd to launch rights issue on Friday to raise up to Rs 2,000 cr

Realty firm Sobha Ltd will launch its rights issue on Friday to raise up to Rs 2,000 crore mainly to reduce debt, purchase land as well as machines and meet the construction cost of its various projects. The issue will close on July 4. On June 12, the Board approved the terms of the rights issue. The Bengaluru-based company would issue 1,21,07,981 equity shares each on partly-paid basis for an amount up to Rs 2,000 crore. The price fixed for rights issue is Rs 1,651 per share (including premium of Rs 1,641 per share). The rights entitlement ratio has been fixed at 6 rights equity shares for every 47 fully paid-up equity share of the company held by the eligible equity shareholders of the company, as on the record date. On the objects of the issue, the company has proposed to utilise Rs 905 crore for repayment or prepayment, in full or in part, of certain borrowings. The company plans to utilise Rs 212.35 crore to fund certain project related expenses for ongoing and forthcoming

Concorde acquires 1.6 acre land in Bengaluru for Rs 200 cr housing project

Realty firm Concorde on Thursday said it has acquired a 1.6-acre land parcel in Bengaluru to develop a housing project with a revenue potential of Rs 200 crore. "Set to be a premium high rise residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore," the company said in a statement. The proposed project, located on Sarjapur road, will have a developable area of around 2.25 lakh square feet. "This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations," Nesara B S, Chairman at Concorde, said. To expand business amid strong consumer demand, real estate developers are buying land outright and are also forming partnerships with landowners to develop projects. Concorde is one of the leading real estate firms in the country.

Negative one to zero: Can South Park Commons become India's Y-Combinator?

South Park Commons is a tech startup community and early stage venture fund

Bengaluru court rejects Prajwal Revanna's bail plea in sexual assault case

Prajwal Revanna has faced mounting legal and political turmoil since disturbing videos allegedly showing him assaulting multiple women surfaced ahead of polls

Dengue cases surging: Here are some common symptoms and precautions

The cases of dengue are rising in the country, especially in Bengaluru and Mysuru. Here are some common symptoms and prevention tips

Biocon gets EMA's nod to make biosimilar cancer drug at Bengaluru

Bevacizumab is used to treat colon and rectal cancer, cervical cancer etc

Already domestic hub, expecting to become global hub in 15 yrs: BIAL COO

He said it is not right to compare Indian airports to the airports in city-states (such as Singapore) as they are only carrying international traffic

Bengaluru couple orders Xbox from Amazon, find cobra in the package. WATCH

The snake, trapped in black duct tape marked with Amazon Prime, was seen wriggling and attempting to escape

B'luru court remands ex-MP Prajwal Revanna to judicial custody till Jun 24

A special court here on Tuesday remanded former JD(S) MP Prajwal Revanna, who is facing charges of rape and sexual abuse, to judicial custody till June 24. The 42nd Additional Chief Metropolitan Magistrate court had on June 12 remanded him to the custody of the Special Investigation Team (SIT), which is probing the cases against him, till June 18. The 33-year-old had failed in his bid to retain the Hassan parliamentary constituency in the recent polls. SIT officials arrested Revanna soon after he landed at Bengaluru airport from Germany on May 31. He had left for Germany on April 27, a day after Hassan went to the polls. A 'Blue Corner Notice' seeking information on his whereabouts had earlier been issued by the Interpol, following a request by the SIT via the Central Bureau of Investigation. Revanna was arrested in a case registered against him in Holenarasipura in Hassan district on April 28. He was accused of sexually harassing a 47-year-old former maid. He has been booked in t

Who is Kyna Khare? 12-year-old world's youngest female scuba diver

A 12-year-old Bengaluru girl became the world's youngest female scuba diver. She learned scuba diving when she was 10 and achieved a lot in just two years

Non-bailable warrant issued against ex-CM Yediyurappa in POCSO case

Charges against the former Karnataka CM stem from a complaint filed by the mother of a 17-year-old girl, alleging that Yediyurappa sexually assaulted her daughter during a meeting at his residence