Page 29 - Bengaluru

Edelweiss Alt's fund acquires Bengaluru's MMTP Projects for Rs 1,500 cr

Edelweiss Alternatives on Thursday said a fund managed by it has acquired Bengaluru's MMTP Projects for Rs 1,500 crore. The company owns an asset of 1.1 million square feet of gross leasable area in MFAR Manyata Tech Park, Bengaluru, and the acquisition has been done by Rental Yield Plus Fund, as per a statement. The park houses office spaces for companies from various sectors like manufacturing, BFSI, lifestyle, consumer goods, auto, technology, flex space, and consulting. The assets for the fund have surged to over Rs 2,500 crore with the recently completed acquisition, it said, adding that the overall gross leasable area (GLA) has crossed 1.8 msf in Bengaluru and Gurugram. "We are seeing strong appetite from global institutional investors, domestic institutional investors, UHNIs and family offices for investments in Commercial Office Assets in India," Edelweiss Alternatives' head of real assets strategy Subahoo Chordia said. Chordia added that he expects the Grade A/A+ office s

Bengaluru to experience Zero Shadow Day today: What you need to know

During Zero Shadow Day, the sun is positioned directly overhead at noon, causing objects on the ground to cast no shadow

'If B'luru stops saying yuck to treated wastewater, it'll never go thirsty'

Back in 2016, Centre for Ecological Sciences (CES) of Indian Institute of Science, Bengaluru, figured a way for the IT hub to stay water surplus. On an average, 20.05 TMC (thousand million cubic feet) of water is required every year for domestic purposes, CES's technical report established. Of which about 16.04 TMC, about 80 percent, could be met just by treating sewage water, suggested the report. Add to this, the rain yield, which is about 14.80TMC a year and Bengaluru could easily meet its water needs, the report stated. Cut to 2023. Some apartment owners of Emmanuel Heights in Hosa Road, Sarjapur, proposed setting up a sewage treatment plant in October. Little did they know that it would take them almost six months to convince the others. They all agreed only after the firm setting up the sewage treatment equipment put it in the agreement that they will buy all the treated water. Many people were adamant that not a drop of the treated water should be used inside the complex. ...

Fortis opens 80-bed tertiary hospital in Bengaluru, invests about Rs 7 cr

Fortis Hospital aims for an Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) growth of about 20 per cent

Quess Corp Ajit Isaac seals record real estate deal at Rs 67.5 cr

The property is located in the southern suburb of Koramangala in Bengaluru, popularly known as billionaire street. Flipkart co-founder Sachin Bansal is among its residents

Concrete jungles and Silicon Valleys

By leveraging technology and data-driven approaches, startups can help cities optimise resource allocation, improve service delivery, and enhance the overall quality of life for residents

IPL 2024: Flying to Turkey cheaper than watching RCB play in Bengaluru

The premier ticket for the RCB match against the Punjab Kings on March 25 was priced at Rs 52,938

Namma Yatri drives into Bengaluru with zero commission cab service

Namma Yatri already has 25,000 cab drivers and aims to onboard over one lakh drivers in the next six months

Bengaluru International Airport records highest passenger traffic in FY23

Kempegowda International Airport has witnessed the highest-ever annual passenger traffic and cargo numbers, with a total of 37.53 million passengers traversing through its terminals and 4,39,524 metric tonne of cargo passing through the airport during the financial year 2023-24. The airport catered to 32.86 million domestic and 4.67 million international passengers during this period, it said. "As we reflect on the past financial year, it's been a landmark period with the highest passenger and cargo figures ever recorded in our airport's history. We've also seen an increase in the number of airlines as well as destinations we connect to. "Our position as the No.1 Airport for processing perishable cargo for the third consecutive year highlights our steadfast commitment to advancing cargo development facilities," said Satyaki Raghunath, Chief Operating Officer at Bangalore International Airport Limited. With the successful launch of Terminal 2 and partnerships with leading airlines a

She broke traffic rules 270 times in Bengaluru. And got fined Rs 1.36 lakh

The woman had violated traffic rules a total of 270 times, and following her identification, the Activa scooter owned by her was impounded by authorities

Bengaluru woman fined over Rs 1.3 lakh for multiple traffic violations

A Bengaluru woman was fined a whopping Rs 1.36 lakh on her scooter for breaking traffic laws. The fine is much more than what her Honda Activa is worth. Watch the video to know more.

India's real estate investment plummets 55% in Q1 2024, shows data

Geographically, Bengaluru emerged as the leader in attracting institutional investments, with a total of $299 million, followed by the National Capital Region (NCR)

Arrests in Bengaluru blast case trigger political slugfest in West Bengal

The arrest of two accused in the Bengaluru cafe blast case from West Bengal on Friday kept the state's political pot boiling ahead of the Lok Sabha polls, with the opposition BJP claiming that the TMC regime has turned the state into a safe haven for terrorists. The BJP's remark drew a riposte from the TMC and West Bengal Police, which pointed out that the NIA arrested the accused with the help of the state police. The NIA on Friday arrested the two accused, including the mastermind, in Bengaluru's Rameshwaram Cafe blast case, officials said. Mussavir Hussain Shazib and Abdul Matheen Ahmed Taahaa were traced to their hideout near Kolkata and apprehended by an NIA team, they said. Later in the day, a city court granted a three-day transit remand of the two accused to the NIA. "NIA detains two chief suspects in the Rameshwaram Cafe blast, bomber Mussavir Hussain Shazib and accomplice Abdul Matheen Ahmed Taahaa, from Kolkata. Both likely belong to ISIS cell in Shivamogga, Karnataka.

'Customer queries for water-related services rise in Bengaluru, Hyderabad'

Key urban cities like Bengaluru and Hyderabad saw a sharp rise in customer queries for water-related services due to severe water scarcity, according to a report on Friday. Bengaluru experienced a 101 per cent surge while Hyderabad saw a 56 per cent jump in consumer queries related to water resources, suggesting that these two major metropolises are severely impacted by water scarcity, the report by local business search engine Justdial revealed. The recent El Nino phenomenon has further compounded the issue, leaving a significant portion of the country reeling under severe drought conditions, it said. The India Meteorological Department (IMD) has also issued warnings of a hotter and drier summer this year, attributing it to the El Nino effect, it noted. There has also been a significant rise in searches for water-related services in other major cities like Pune (31 per cent), Mumbai (11 per cent), Ahmedabad (7 per cent), Chennai (6 per cent), Delhi (3 per cent), and Kolkata (3 per

NIA detains two suspects from Kolkata in Rameshwaram Cafe blast case

Both the suspects in the Bengaluru cafe blast case were detained from their hideout near Kolkata

Air India, BIAL sign agreement to develop Bengaluru airport as hub

According to Cirium, the Bengaluru airport presently manages approximately 5,145 flights per week. Tata-run airlines operate 1,538 of these flights weekly to and from Bengaluru airport

Air India, BIAL sign MoU to develop Bengaluru as premier aviation hub

The partnership is aimed at expanding air connectivity as well as building maintenance, repair and overhaul (MRO) facilities at the Bengaluru airport

Two Bengaluru students test positive for Cholera after 47 hospitalised

Two students from Bangalore Medical College and Research Institute who were hospitalised with others after they complained of loose stools and dehydration have tested positive for cholera, officials said on Saturday. This comes a day after 47 students from the same institute were hospitalised with similar symptoms. Dr Padma MR of the state surveillance unit, under the Department of Health and Family Welfare, said that the cultures of two students have come back positive for cholera. Following the incident, Principal Secretary of Medical Education Department and the Chairperson of Women's Commission visited the hospital and the Girls Hostel. According to Ramesh Krishna, Dean and Director of BMCRI, 47 students from the Institute's girls' hostel were admitted to Victoria Hospital on Friday. All of them suffered from loose stools and dehydration. They have been diagnosed with acute gastroenteritis. "Forty-seven students suffering from acute gastroenteritis were admitted to Victoria

Worrying that Bengaluru suffers from water-related issues: Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday hit out at the Siddaramaiah government over the water crisis in Bengaluru and alleged that many irrigation and water-related projects and initiatives were halted by the Congress when it came to power in Karnataka last year. She also criticised the Congress government for the deteriorating law and order in the state. Addressing a press conference here, the Union Minister said it is very worrying and sad that the city suffers from water-related problems. "Just water not being available is a problem. Since yesterday reports of unfortunately cholera possibly spreading in the town is also a very big concern...It is sort of a worry but I think it is also somewhat because people don't have enough water available, contaminated water also reaches people and as a result they are put to difficulties," she said. Blaming the state government for halting irrigation and water-related projects, Sitharaman said various steps that have been taken

HP launches AI-enhanced laptops designed for gamers, content creators

HP on Friday launched its range of AI-enhanced laptops designed for gamers and content creators in Bengaluru. HP India Senior Director of Consumer Sales Vineet Gehani, who was in Bengaluru to launch the laptops, told PTI that AI enhanced laptops will not only improve the processing power of the PC or laptop, but will also improve the battery life. For instance, AI will judge how much battery power is required for specific actions and will thus use accordingly, increasing the life of battery, Gehani said. The newly launched laptops include the Omen Transcend 14 and HP Envy x360 14. The AI features include NVIDIA RTX GE4060 Graphics card, Microsoft Co-pilot and Intel NPU (neural processing unit). These will help people to effortlessly handle compute-intensive tasks," Gehani said. "Besides this, HP's own AI-enhanced audio and video features are also available. It improves your calling experience. For instance, even if you are moving around while making a video call, the AI-enhanced .