Page 34 - Bengaluru

Macrotech Developers to launch 11 projects with Rs 6K cr revenue potential

Looking to tap rising housing demand, realty firm Macrotech Developers will launch 11 projects in Mumbai, Pune and Bengaluru this quarter with an estimated revenue potential of Rs 6,260 crore. Mumbai-based Macrotech Developers is one of the leading real estate developers in the country. It has a major presence in Mumbai Metropolitan Region and Pune. The company markets its properties under the Lodha brand. In an investor presentation, the company said it has a strong launch pipeline in the fourth quarter of 2023-24. "Well placed to meet full-year pre-sales guidance with the launches planned in Q4," it said. Macrotech Developers said the company will launch a 4.4 million square feet area during the January-March quarter, of which 1 million square feet would be in Bengaluru and 0.8 million square feet in Pune. The remaining area will be in Mumbai Metropolitan Region (MMR). During the first nine months of this fiscal, Macrotech has already launched a 6.6 million square feet area with

Want to be significant player in global semicon value chain: Chandrasekhar

The semiconductor market in India is expected to grow to $100 billion by 2030 from the current value of about $40 billion, according to the India Electronics & Semiconductor Association (IESA)

Public to be allowed to use toilets in restaurants in Bengaluru: BBMP

The Bruhat Bengaluru Mahanagara Palike (BBMP) has in a status report submitted to the High Court put forth several measures being undertaken to help people access toilets in the city. These measures include allowing the toilets in 172 'Indira Canteen', which was meant only for the staff, for public use. The city civic body has also proposed permitting the general public to use toilets situated in public restaurants and hotels. The Special Commissioner (Health) and Chief Health Officer (Health) have been directed to take necessary steps and pass necessary orders/circulars in this regard. The BBMP will also be inviting tenders for construction of 100 toilets exclusively for women, called 'SHE' toilets. Alternatively, the BBMP has also proposed to construct such toilets on its own and allotted a budget of Rs 25.50 crore for it in the 2024-25 Budget. The status report was filed by the Chief Engineer, Solid Waste Management, BBMP following a HC direction in a public interest ...

Pixxel to launch six home-built hyper-spectral satellites from June

Bengaluru-based space start-up Pixxel plans to launch a series of small, home-built satellites -- Fireflies -- from June that could have a finer look at the Earth with its five-metre resolution hyper-spectral imagery. Pixxel recently launched its satellite manufacturing unit -- Mega Pixxel -- in Bengaluru where it can assemble, integrate and test 40 satellites weighing 100 kilogrammes every year as the nascent company aims to take a leap in the space sector. "If you are looking at 100-kilogramme micro-satellites which are able to do a whole lot of stuff in terms of actual commercial viability, we can do 20 of them at a single point in time. The turnaround time from getting them assembled to ship-to-launch is about six months. That makes it 40 every year," Awais Ahmed, founder and CEO Pixxel, told PTI. Ahmed said Pixxel aims to launch six 100-kilogramme satellites, named Fireflies, by June, and add another 12 next year to monitor in over 250 spectral bands at five-metre spatial ...

PM Modi unveils Boeing's global engineering, technology campus in Bengaluru

The campus, spread across 43 acres, is built with an investment of Rs 1,600 cr

Apollo launches oncology facility that uses AI for precise diagnosis

Oncology centre in Bengaluru will give doctors and patients real-time insights and treatment protocol

Web Werks to set up Rs 20,000 crore data centre park in Bengaluru

Web Werks India proposes to invest Rs 20,000 crore to set up a data centre park here, according to an MoU the company signed with the Karnataka government at the World Economic Forum Annual Meeting at Davos. "Great news from Davos! This is a giant leap in our infrastructure journey. Welcome aboard, Web Werks!", the Chief Minister Siddaramaiah said on 'X' "Karnataka has inked an MoU with Web Werks India Pvt. Ltd at the World Economic Forum. We're set to welcome a massive Rs 20,000 crore investment from Web Werks for a new Data Centre Park in Bengaluru," he said. The government signed MoUs with investment proposals to the tune of Rs 22,000 crore with seven companies, including the one with Web Werks, on Tuesday, according to a statement issued by the Karnataka Minister for Large and Medium Industries and Infrastructure Development M B Patil. A delegation from the state, headed by Patil, engaged in a series of deliberations with industry leaders during the WEF Meet 2024 in Switzerlan

HSBC unveils its largest branch in India, bets big on growing customer base

HSBC India on Wednesday announced opening of its largest branch in the country in a bid to tap growing affluent customers. Located in Whitefield, Bengaluru, the branch is spread across 8,300 square feet, HSBC India said in a statement. This marks a significant milestone as HSBC India continues to solidify its strong presence as the leading international bank in the country, it said. Bengaluru South, which now has easier connectivity to Whitefield, has a per capita income of USD 11,305 (Rs 9,36,983), one of the highest in the country and over four times that of India's per capita income of USD 2,610 (Rs 2,16,316), it said. The new branch in the heart of technology hub will cater to the financial needs of the growing tech community, offering them an extensive international network, breadth of products, bespoke wealth solutions, specialized relationship managers, and global private banking expertise. "Entrepreneurialism and innovation are fuelling wealth creation and at HSBC India, w

Namma Yatri ride-app goes live in Delhi: How is it different from Ola, Uber

Namma Yatri, the ride-hailing services application, is branded as an alternative to Ola and Uber. It endorses itself as "zero commission" platform and can be used to book auto-rickshaws

Bengaluru pips Delhi in terms of highest number of private cars in India

The drop is due to the Supreme Court's decision in October 2018 to ban diesel vehicles of more than 10 years of age and petrol vehicles of more than 15 years of age in Delhi to cut down pollution

Passenger traffic at Bangalore Intl Airport jumps 35.3% to 37.2 mn in 2023

Passenger traffic at Bangalore International Airport surged 35.3 per cent on a year-on-year basis to 37.2-million in calendar 2023, the private airport operator said on Friday. The facility had handled a total of 27.50-million passengers in the January-December period of 2022. During the previous year, it said, Cargo volumes rose 2 per cent on a year-on-year basis with the facility processing a total of 4,22,644 MT of cargo during CY 2023. The domestic sector soared with an impressive 11 per cent growth, highlighting the airport's strengthening its position as a rapidly growing cargo hub in India, it said. Of the total 37.2 million passengers handled during 2023, 32.7 million were domestic passengers and 4.5 million travelled to international destinations, Bangalore International Airport Ltd (BIAL) said in a statement. On April 29, 2023, the Airport recorded the highest number of passengers in a single day for CY2023 at 1,16,688 passengers, exceeding the pre-pandemic levels, it ..

Bengaluru CEO not cooperating in probe, 'note found': Things we know so far

Suchana Seth, the CEO of 'MindfulAI Labs' startup, allegedly killed her son at a rental apartment at Candolim in Goa and later stuffed the body in a bag and tried to carry it to Karnataka via taxi

Passenger traffic at B'luru international airport increases by 35% in 2023

The Bengaluru international airport had a footfall of 37.2 million passengers in 2023, marking a 35.3 per cent increase compared to the previous calendar year, airport authorities said on Friday. The airport, known as Kempegowda International Airport, said that 32.7 million of these passengers were domestic and 4.5 million were travellers to international destinations. On April 29, 2023, the airport recorded the highest number of passengers in a single day--1,16,688. In 2023, factors such as reduced travel limitations, improved economic conditions, and increased demand for leisure and business travel led to a notable rise in growth numbers, a statement issued by the airport said. It said that March 17, last year had 748 air traffic movements (ATMs), defined as the landing or take-off of an aircraft, the highest for a single day in the year. "It is a notable recovery, considering that the highest ATMs on any single day in calendar year 2022 was 693. Domestic ATMs last year saw a ...

NYSE-listed Belden invests Rs 100 crore in innovation hub in Bengaluru

The Bengaluru centre holds significance as this is the first such centre in India, following the successful launch of CICs in Stuttgart, Germany; Santa Clara, California; Shanghai, China; and Chicago

Prestige Estates Q3 sale bookings jump over 2-fold to Rs 5,326 cr

Prestige Estates on Tuesday reported more than two-fold jump in sale bookings to Rs 5,326.1 crore for the third quarter of this fiscal driven by strong demand for residential properties. In a regulatory filing, Bengaluru-based Prestige Estates Projects Ltd informed that it clocked sale bookings of Rs 5,326.1 crore during October-December FY24, up 111 per cent year-on-year. During the quarter, Prestige Estates sold 5.46 million square feet area with an average realisation of Rs 9,762 per square feet (for apartments /villas). In April-December FY24, Prestige Estates' sale bookings rose 81 per cent annually to Rs 16,333.4 crore. The company sold 16.13 million square feet area with an average realisation of Rs 10,143 per square feet (for apartments/ villas). The number of units sold in the first nine months and the third quarter of this fiscal stood at 8,402 and 2,467, respectively. Irfan Razack, Chairman and Managing Director, Prestige Group said, "The trust shown by over 8,400 fami

Who is Suchana Seth, startup CEO held for murder of four-year-old son

Suchana Seth, 39, checked into a rental apartment in North Goa with her four-year-old son on Saturday, where she allegedly killed him and carried the body to Karnataka in a taxi

Karnataka BJP meeting in Bengaluru underway to chalk out LS poll strategy

Earlier on December 28, Karnataka Bharatiya Janata Party (BJP) president BY Vijayendra held a meeting with senior leaders of the party in Bengaluru ahead of the 2024 Lok Sabha polls

Cybercrime cases shoot up in Bengaluru in 2023, detection low: Police data

Cybercrimes shot up by a whopping 77 per cent in 2023 in Bengaluru compared to the previous calendar year with the city police registering 17,623 cases, according to official data. As many as 6,422 cybercrime cases were reported in Bengaluru in 2021 and 9,940 in 2022, shows the data shared by the city police. Out of the 17,623 cases reported in 2023, the police could detect only 1,271, it said. A senior police officer said cybercrime has been the biggest challenge for the city police and such cases are now being registered in all police stations across the city, leading to a spike in complaints. "Even complaints from the National Cyber Crime Reporting Portal and complaints received at 112 (all-in-one emergency helpline number) gets converted into FIRs. Through the social media accounts of the city police, the Bengaluru Police has also started its awareness campaign by giving cyber tips," he said. When asked about the low detection rate of cybercrime cases, the officer said: "In ma

Crimes against women, children rise in Bengaluru in 2023, show police data

Bengaluru has witnessed a significant increase in crime against women in 2023 with the city police registering 3,260 cases including 1,135 related to molestation, shows official data. The police attributed the rise to enhanced awareness, initiatives of filing suo moto cases and registration of e-FIRs, among other factors. In 2023, the city also witnessed an increase in other crimes as compared to the previous two years with the police registering 205 cases of murder, 153 cases of chain snatching, 673 robbery cases, 1,692 cases of house thefts and 5,909 cases of motor vehicle thefts, according to the data shared by the police. According to the data, the city police registered 2020 FIRs related to crime against women in 2021, 2630 FIRs in 2022 and 3,260 FIRs in 2023. Out of the total cases of crime against women reported last year, the city police was successful in detecting 3,121 cases. In 2023, the police registered 176 cases of rape, 1,135 cases of molestation, 60 cases related to

Zoomcar to turn profitable for the full year in 2024: CEO Greg Moran

Car sharing platform gets 90% of its business in India, went public last week