Page 35 - Bengaluru

Germany-based KfW Development Bank to fund Bengaluru Suburban Rail Project

The Bengaluru Suburban Railway Project on Saturday got a major thrust when a loan agreement was signed with KfW Development Bank, Germany, by Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) in New Delhi on December 15. As per the agreement, KfW Development Bank will provide Euro 500 million (Rs 4,552 crore) and a grant of Euro 4.5 million (Rs 41 crore) for the BSRP. The loan agreement is meant for Corridor-1 from Bengaluru City Railway Station to Devanahalli and Corridor-3 from Kengeri to Whitefield. K-RIDE said in a statement that the agreement was signed in the presence of senior officials from the Department of Economic Affairs, Ministry of Finance, Government of India and the Government of Karnataka, and KfW officials. "The loan was signed for Euro 500 million (Rs 4,552 crore) and a grant of Euro 4.5 million (Rs 41 crore). The signing of this loan agreement will facilitate invitation of Corridor-1, Corridor-3 and system tenders and further expedite progress

Companies of Bengaluru techies to be notified if they break traffic rules

Think twice before you jump traffic signals or exceed speed limits on the roads, because if you techies are caught violating any of the traffic rules, the Bengaluru Traffic Police will directly notify about it to your company. According to traffic police, in a bid to raise awareness about road safety and traffic rules, the east division of Bengaluru Traffic Police this week started a unique drive on a pilot basis along the city's Information Technology corridor covering the Outer Ring Road and Whitefield. As of now, the drive is limited to the east division of traffic police, but if there is a significant reduction in violations along the route, then it would also be extended to other major parts of Bengaluru, police said. The initiative was started in the particular jurisdiction after traffic police noticed a significant number of traffic violations, especially by techies who, in an attempt to reach to their destinations faster either end up jumping traffic signals or exceeding spe

Foxconn set to open its first iPhone assembly plant in Bengaluru in April

The key Apple supplier will create a capacity that can assemble 20 million iPhones annually at the assembly unit in Karnataka

German firm TÜV SÜD invests 15 mn euros in lab test facility in Bengaluru

TÜV SÜD has 2,500 employees in India out of its total global headcount of over 30,000 employees. In India alone, the company recorded revenues of Rs 500 crore this year

Bengaluru tops in acid attacks against women in 2022, shows NCRB data

Bengaluru witnessed highest number of acid attacks against women in the country in 2022, with the city police registering six cases, the latest report released by the National Crime Records Bureau (NCRB) said. According to the data, among the 19 metropolitan cities listed in the NCRB data, Bengaluru topped the overall list with eight women falling victims to acid attack last year. At the second position was Delhi which saw seven women falling prey to acid attacks in 2022 followed by Ahmedabad at third position with registration of five such cases, the data showed. An analysis of the NCRB data showed that the national capital (Delhi) reported 7 cases of attempted attacks followed by Bengaluru which registered 3 such cases last year. Meanwhile, meteropolitan cities like Hyderabad and Ahmedabad registered two such cases of attempted attacks in 2022. One of the prominent cases of acid attack which shook Bengaluru last year was that of a 24-year-old M.Com graduate who was attacked on Ap

Zepto claims 2nd spot in monthly active customers, surpasses JioMart

In contrast, Tata-owned BigBasket lost ground, seeing a 3 per cent decline in M-o-M MAU in November, and DMart Ready decreased by 2 per cent

NYSE-listed Waters Corp invests $16 million in new GCC in Bengaluru

Waters Corporation has about 450 employees in India and plans to hire another 300 for its new GCC in Bengaluru

33 flights diverted from Chennai to B'luru due to cyclone Michaung impact

Thirty three flights from Chennai were diverted to Kempegowda International Airport (KIA) here on Monday, as heavy rains continued to pound Tamil Nadu capital and nearby districts of the neighbouring state under the impact of a cyclonic storm. According to officials of Bangalore International Airport Limited (BIAL) that operates KIA, both domestic as well as international flights including that of Indigo, SpiceJet, Etihad, Lufthansa and Gulf Air were diverted to the city from Chennai, where many flights have also been cancelled. The Chennai airport has been closed for arrival and departure operations till 11 pm on Monday due to severe weather conditions. As many as 70 flights arriving to and departing from the airport were cancelled owing to non-stop rains. Several flights have been diverted from Chennai to KIA. Chennai airport has also announced that they would remain closed for arrival operations for a specific period. Not just Chennai, even Tirupati, Visakhapatnam all these ...

Gold price remains flat at Rs 63,760, silver unchanged at Rs 80,500

The price of 22-carat gold stayed unchanged, with the yellow metal selling at Rs 58,450

Bikes to drones: AI-infused everything on show at Bengaluru Tech Summit

Amphibious drones for maritime inspection, devices that extract pure oxygen from water for patients in need, and self-balancing electric bikes were some of the top innovations on display

PKL 2023: Bengaluru Bulls players full list, price and live stream details

Bengaluru Bulls, champions of the 2018 season and playoff entrants of six seasons will be eyeing their second title in the first full-fledged season after the pandemic

Over 60 Bengaluru schools receive bomb threat, students evacuated safely

At least 15 private schools in Bengaluru on Friday morning received an email with a bomb threat on its premises, triggering panic among the staff and parents, police said. The school authorities immediately alerted police, which reached the institutions concerned with the bomb disposal squads and anti-sabotage check teams, they said. The students and staff were immediately evacuated from the school premises, police said, adding no suspicious objects have been found yet. As soon as parents got to know about the incident, they rushed to schools in panic to get their children back home safely. "The email claimed that explosives had been planted on school premises. We received a call from the command centre and immediately rushed our teams to schools which are located in different parts of the city. All students and staff have been safely evacuated from the school premises and a thorough search operation is being carried out," a senior police officer said. So far, nothing suspicious h

India's flex stock to cross 80 mn sq ft by 2026, Bengaluru tops chart

This phenomenon is expected due to the change in workplace dynamics of the occupiers in tier-1 as well as tier-2 and tier-3 cities

Single smart card for different public transport modes in Bengaluru soon

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director Anjum Parwez on Thursday said soon passengers depending on different modes of public transport like Metro, cab and buses can travel using a single smart card. Speaking at a session on "The C.A.S.E. for Future Mobility" at the 'Bengaluru Tech Summit-23' here, he said the Union Government has planned to introduce a single smart card for the passengers traveling in different public transports. It is a dream project of Prime Minister Narendra Modi, he said, six City Corporations will get the facility soon. Bangalore Metro was committed to ensure eco-friendly activities and in order to encourage eco-friendly traffic systems, Parwez said, Metro stations were facilitated with two-wheeler and three-wheeler electric vehicle charging units. Uber India Director Sanjay Chadha, who was part of the panel said the passengers should shift from cabs to public transport like buses to ensure free flow of traffic and to reduce traffic

Bengaluru tops as hub for valued firms by self-made entrepreneurs: Report

Long touted as India's Silicon Valley, Bengaluru has emerged as the biggest hub for most valued companies started by self-made entrepreneurs in this millennium, a report said on Thursday. A majority 129 such industry leaders are from the Karnataka capital, which is ahead of Mumbai (78), and Gurugram and New Delhi (49), as per a report by Hurun India. Radhakishan Damani of Avenue Supermarkets, which runs the D-Mart retail chain, leads the list of top 200 self-made entrepreneurs of the millennium as the 2000-founded company has a market capitalisation of Rs 2.38 lakh crore as of September. Binny Bansal and Sachin Bansal-founded Flipkart from Bengaluru comes second with an equity value of Rs 1.19 lakh crore, while Gurugram-headquartered Zomato founded by Deepinder Goyal comes third with a market capitalisation of Rs 86,835 crore. The list includes both listed and unlisted entities, and Hurun India's founder and managing director Anas Rahman Junaid said they have taken into account the

IT industry icon Pai's post on Hyderabad elicits rebuke from Priyank Kharge

Information Technology industry veteran T V Mohandas PaI's post on social media about Hyderabad's potential in dethroning Bengaluru from its exalted IT city status, has elicited a rebuke from the state government with Minister Priyank Kharge stating that it has become a habit for some people to speak taking an anti-Karnataka stand. Kharge, the Minister for IT & BT, on Wednesday said, not a single company, which has come to the negotiation table of the Government of Karnataka, has left the state. Pai earlier today in a post on 'X' tagging Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar said, "Will Hyderabad Dethrone Bangalore's IT Status? Continued neglect of Bengaluru by successive govts over last 10 years has led to this. Hope govt shows more energy to improve city." Interestingly the tweet came on a day, when the city is hosting the 'Bengaluru Tech Summit (BTS)', the annual global tech event promoted and organised by the state government. "I feel that ...

Booking Holdings opens new Bengaluru facility, to create 1,000 jobs by 2026

Online travel and related services provider Booking Holdings, which runs the website booking.com and agoda.com among others, on Wednesday announced the official opening of its centre of excellence in Bengaluru. The new facility which will serve as a hub for specialised and highly skilled technology talent supporting the company's growth and vision, the company said in a press release. With a projected investment of USD 250 million over five years, it is expected that 1,000 jobs will be created in Bengaluru by the end of 2026, the release said. Booking Holdings India General Manager Randhir Bindra said the centre will enable the company to tap into the city's world-class talent pool. It will further accelerate innovation to support transformation of the travel experience and unlock new potential for the company to meet the ever-evolving needs of its business and customers, he added. Initially, the work of the centre will focus on expanding capabilities in fintech, data analytics an

Karnataka to unveil revised biotech policy: CM at Bengaluru Tech Summit

Karnataka Chief Minister Siddaramaiah on Wednesday said the government would unveil a revised biotech policy at the Bengaluru Tech Summit-2023, an annual global tech event which took off here. Speaking at the inauguration of the three-day BTS, Siddaramaiah also said the state is set to launch the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) policy. "As we continue to champion advancements in biotechnology, I am thrilled to announce that revised biotech policy is set to be unveiled at the Bangalore Tech Summit," the chief minister said. This policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector, he added. Siddaramaiah said that recognising the evolving landscape technology and creativity, the Karnataka government understands the importance of animation, visual effects, gaming, and comics. "It gives me immense pleasure to share that the Government of Karnataka is set to launch

30-plus countries to participate in Bengaluru Tech Summit starting tomorrow

The Karnataka government's annual global Bengaluru Tech Summit (BTS) will begin on Wednesday, bringing together tech leaders, startups, investors and research labs from 30-plus countries. Organised by the Karnataka's government's Department of Information Technology and Biotechnology along with the union government's Software Technology Parks of India, the three-day 26th BTS, with the theme 'Breaking Boundaries', will be inaugurated by Chief Minister Siddaramaiah at Palace Grounds here. Kazakhstan's Minister of Digital Development, Innovations and Aerospace Industry Bagdat Mussin and Semiconductor company AMD's EVP & CTO Mark Papermaster will be among the VIP dignitaries present at the inauguration. A recorded message from Finland's Minister of Science and Culture Sari Multala as well as one from Germany's Minister of Digital Affairs and Transport Volker Wissing will be relayed at the opening event. Key figures from Indian industry, including Rishad Premji, Executive Chairman of .

Bengaluru suburban railway project to start soon: Ashwini Vaishnaw

Railway Minister Ashwini Vaishnaw on Monday said the Bengaluru Suburban Railway Project (BSRP) will start soon and it will not suffer due to the lack of a full time dedicated Managing Director in the joint venture company K-RIDE. He also noted that the Railways was planning to develop a circular railway network around Bengaluru to check traffic woes and Rs seven crore has been sanctioned to conduct a pre-feasibility test. During a media interaction after a meeting with the officials of South Western Railway and the Rail Infrastructure Development Company (Karnataka) (K-RIDE), the minister said the Centre will take up the BSRP with 'full emphasis, full focus and full sincerity'. I think that the time will soon come. Our government, when we started the journey in 2014 at the central level, things changed a lot, Vaishnaw said replying to a question on the reason behind delay in completing the project. K-RIDE is a joint venture between the central government and Karnataka ...