Page 26 - Bengaluru

Delta unveils new HQ in Bengaluru to boost local power, IoT capabilities

Delta further highlighted that the new LEED Gold-certified HQ and R&D Centre in Bengaluru features a 480 square metre showroom showcasing cutting-edge IoT-based green solutions

Rameshwaram Cafe blast: NIA chargesheets 4, says BJP office first target

The NIA on Monday chargesheeted four men in the Rameshwaram Cafe blast case and said the accused were involved in a "failed IED attack" at the Bengaluru BJP office on the day of the consecration ceremony at the Ram temple in Ayodhya. It said two of the key accused were ISIS (banned terrorist organisation Islamic State of Iraq and Syria) radicals who used fraudulently obtained "Indian SIM cards and Indian bank accounts" besides "various Indian and Bangladeshi Identity documents downloaded from the dark web (which is accessible only through specialised browsers) in carrying out their nefarious activities. In a charge sheet filed before a court in Bengaluru, the National Investigation Agency (NIA) named Mussavir Hussain Shazib, Abdul Matheen Ahmed Taaha, Maaz Muneer Ahmed and Muzammil Shareef, as accused. All of them were arrested earlier and are currently in judicial custody in the case, a statement issued by the NIA said. Taaha and Shazib were funded by their handler through ...

Over 1,000 new jobs for skilled aviation engineers in India: Air India CEO

The Air India's Maintenance, Repair and Overhaul facility being built in Bengaluru is not only expected to generate over 1,200 new job opportunities for skilled aviation engineers in India, but it will also create seven times more indirect jobs for the local population, said Air India CEO and managing director Campbell Wilson on Wednesday. The ground-breaking ceremony for the MRO facility on a 35-acre land parcel at the Bangalore International Airport was held this morning. Gunjan Krishna, Commissioner for Industrial Development & Director, Department of Industries & Commerce, Government of Karnataka, Hari Marar, Managing Director and CEO of Bangalore International Airport Limited (BIAL), Chin Yau Seng, CEO, SIA Engineering Company as well as the senior leadership team of Air India, including Wilson participated. Earlier this year, Air India signed a Memorandum of Understanding with the Karnataka government to establish the MRO facility in Bengaluru. "Studies have found that ..

Karnataka launches online building plan approval process in BBMP limits

Karnataka Deputy Chief Minister D K Shivakumar on Monday announced the launch of the revolutionary online building plan approval process for construction of buildings in sites up to 4000 square feet in city civic body Bruhat Bengaluru Mahanagara Palike (BBMP) limits. Addressing a press conference at Vidhana Soudha, he said, The Nambike Nakshe' scheme allows owners to get provisional building plan with an approval by an authorised architect or engineer and then upload the same online for a final approval by the BBMP. This will be applicable for constructions on all sites up to 50x80 feet area. Most of the sites developed by BDA (Bangalore Development Authority) or Karnataka Housing Board are of a maximum dimension of 50x80 feet. Henceforth, owners can acquire a provisional certificate and start construction activities." Shivakumar said the BBMP engineers will inspect the construction site at a later stage. This would ensure that people don't have to run from pillar to post for sancti

Bengaluru leads BFSI GCC talent in India, Hyderabad follows closely: Report

Over 50% of BFSI GCCs have more than 1,000 employees and 15% have more than 10,000 employees in India, finds report

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