Page 6 - Bengaluru

Datanomics: India's huge traffic congestion crisis in global spotlight

Kolkata, Bengaluru, and Pune rank among the world's top five most congested cities; Delhi escapes top 50 despite leading in vehicle registrations

Air India Express flight returns to Bengaluru airport due to technical snag

The airline had provided guests with options, including hotel accommodation, complimentary rescheduling, or cancellation with a full refund

PM to inaugurate Bengaluru's Yellow Line Metro on Aug 10: Tejasvi Surya

BJP leader Tejasvi Surya on Sunday announced that Prime Minister Narendra Modi will inaugurate the Yellow Line Metro Rail on August 10. In a post on X', the Bengaluru South MP said, PM Sri @narendramodi Ji will inaugurate the all important Yellow Line metro on August 10. On behalf of all people of Bengaluru, I thank PM for always prioritising infrastructure development of our city." The Yellow Line is expected to benefit nearly eight lakh commuters and ease traffic congestion in key areas, including the notorious Silk Board junction. According to Surya, pubic transport is the only long-term solution to Bengaluru's traffic woes. With the August 10 inauguration, the Metro project would meet the August 15 deadline. He credited the timely launch to Modi's personal push to ensure that the line is open to public without any further delay. Surya, who is also the BJYM national president, quoted Union Urban Affairs Minister Manohar Lal Khattar, who said on X', I am pleased to announce that

L&T terminated contracts of suburban rail project illegally, says K-RIDE

The termination of two contracts for Corridor-2 and Corridor-4 of the Bengaluru Suburban Rail Project (BSRP) by Indian multinational conglomerate Larsen & Toubro is a clear violation of agreement conditions, said officials of K-RIDE, a joint venture between the government of Karnataka and the Ministry of Railways, on Saturday. L&T had terminated the contract on July 31, added K-RIDE. "L&T has made unreasonable demands of revising contract price within the contract period and converting EPC contract into an itemised Bill of Quantities (BOQ) contract, even though contract condition does not permit the same," stated a press release issued by K-RIDE on Saturday. According to the release, L&T had entered into two agreements to perform the work assigned to them in the Corridor-2 (Chikkabanavara to Benniganahalli) and Corridor-4 (Heelalige to Rajankunte) of the suburban railway project, added the release. Originally, the scheduled completion time for Corridor-2 (C2) was 27 ...

BIAL raises ₹9,000 crore through unlisted NCDs to fund airport expansion

Bangalore International Airport Limited (BIAL) -- the joint venture company operating Bengaluru Airport -- on Friday said it has completed the issuance of unlisted non-convertible debentures (NCDs) worth Rs 9,000 crore. The transaction is being undertaken in two tranches -- Rs 4,362 crore completed on July 25 and Rs 4,638 crore scheduled for early October this year -- BIAL said in a statement. "BIAL has successfully concluded the largest unlisted private placement of non-convertible debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. With a 15-year tenure, the refinancing allows the company to conserve capital and focus resources on funding future expansion plans," it said. The transaction witnessed overwhelming investor demand across the spectrum, including banks, insurance companies, infrastructure debt funds (IDFs), and public financial institutions (PFIs), reflecting the market's strong belief in BIAL's long-term vision and governance, it stated. The

Karnataka to host 'Quantum India Bengaluru Summit' from July 31 onwards

The Karnataka government is all set to host a two-day 'Quantum India Bengaluru Summit' here starting from July 31, officials said on Wednesday. Chief Minister Siddaramaiah will inaugurate the summit, while Deputy Chief Minister D K Shivakumar will release the 'Karnataka Quantum Roadmap'. Through this summit, the government aims to showcase quantum technology to the world and strengthen Karnataka's leadership in this transformative field, they said. According to an official statement, state Minister for Science and Technology N S Boseraju has conducted several preparatory meetings, engaging with private technology companies, startups, and representatives from various technical institutions. The landmark event will witness participation from quantum experts representing eight countries and over 1,000 delegates from across India, it said. The summit will also be attended by IT & BT Minister Priyank Kharge, Higher Education Minister M C Sudhakar, Revenue Minister Krishna Byre Gowda,

Rahul Gandhi to protest against 'votes theft' in Bengaluru on Aug 4

Congress leader Rahul Gandhi, who recently claimed that his party has figured out the modus operandi of the "votes theft" by studying a Lok Sabha constituency in Karnataka, will participate in a protest in Bengaluru on August 4 and submit a representation to the Election Commission officials here. Amid the raging row over the revision of electoral rolls in Bihar, the Leader of the Opposition in Lok Sabha, on July 23, alleged that elections are being "stolen" in India and claimed that his party has figured out the modus operandi of the "votes theft" by studying a LS constituency in Karnataka. "Rahul Gandhi has raised voice against irregularities in elections. He had said that such things had taken place in Karnataka too, so he is coming here to give representation to the Election Commission officials. He is coming on August 4," state Home Minister G Parameshwara said. Speaking to reporters here, he said the Karnataka Pradesh Congress Committee will be organising a programme (protest)

Bengaluru Traffic Police push for Wednesday WFH to tackle road congestion

Joint initiative by Bengaluru traffic police, BBMP, and BMTC aims to ease ORR gridlock with Wednesday WFH, staggered shifts, and shuttle services

Indian homebuilder Sobha's Q1 profit up 125% on premium housing demand

Indian real estate developers have capitalized on a post-pandemic shift in buyer preferences towards larger, amenity-rich apartments by securing land deals and swiftly launching new projects

Embassy REIT raises ₹2,000 crore through non-convertible debenture

The proceeds from the 10-year NCD issue will be used for refinancing debt, resulting in interest savings

Here's why Gen Z, millennials are opting for co-living spaces in big cities

More Gen Z and millennials in cities like Bengaluru and Mumbai are choosing co-living spaces over PGs for flexible stays, affordable rent, better amenities, and a built-in community

GenZ, millennials shift towards co-living spaces; players plan expansions

Co-living accommodations offer WiFi, housekeeping, dedicated coworking spaces, kitchen areas, laundry rooms, recreational areas, gaming zones, fitness areas, 24/7 security, & curated community events

Gelatin sticks, detonators recovered from bag at Bengaluru bus stand

According to the preliminary probe, the police said that the unknown person who kept it doesn't appear to have had any malicious intent

Brigade Group acquires 20.19 acre land in Bengaluru for ₹588 crore

Brigade Group has acquired a 20.19-acre land parcel in Bengaluru for ₹588.33 crore, planning a ₹5,200 crore mixed-use development in the Whitefield-Hoskote corridor

IMD forecasts heavy rain for coastal K'taka, light showers for Bengaluru

The India Meteorological Department (IMD) on Monday predicted heavy to very heavy rain for the next 24 hours in parts of Dakshina Kannada, Udupi and Uttara Kannada districts. Meanwhile, Hangaloru in Udupi district received the highest rainfall on Sunday, measuring 92mm, Gadag district reported 77.1mm rainfall, the third highest rainfall for July so far, it said. It recorded 89.7mm in 2005 and 87.1mm in 2022. The all-time high of 136.4mm rainfall was witnessed in Gadag on September 29, 1960. In Bengaluru, rainfall between 4 and 10mm is expected in the Greater Bengaluru area on Monday. The state capital received 6.5mm rainfall on Sunday. Renjala (73.5mm) and Hakladi (70mm), also in Udupi District, are the other places in Karnataka where rainfall over 70mm was received on Sunday. IMD has predicted heavy rainfall on Monday in parts of Bidar, Kalburgi, Raichur and Yadgir districts of north interior Karnataka. In south interior Karnataka, parts of Chikkamagaluru, Kodagu, Hassan, Shivam

Next cabinet meet to discuss panel report on Bengaluru stampede: K'taka CM

Karnataka Chief Minister Siddaramaiah on Friday said that the probe report of the one-man commission constituted by the government to inquire into the June 4 stampede in Bengaluru that killed 11 people, will be discussed in the next cabinet meeting. Not willing to share the findings of the report, he said the ministers have been given the gist of it to study before the next cabinet meet. The commission headed by retired High Court judge John Michael Cunha submitted a two-volume report to Siddaramaiah on July 11, and it was placed before the cabinet during its meeting on Thursday. "It has not been discussed in the cabinet yet, the Cunha committee report was yesterday submitted to the cabinet. Gist of the report has been given to all Ministers. They will study and it will be discussed in the next cabinet meeting," Siddaramaiah told reporters here. Asked about the findings of the report, he said, "the media has reported certain things....I will speak about it after the next cabinet ..

Godrej Properties buys 48-acre parcel in North Bengaluru's Doddaballapur

The land near STRR offers 1.1 million sq ft development potential as Godrej boosts presence in Bengaluru after key deals in Raipur, Indore, and Pune this year

At least 40 Bengaluru schools receive bomb threat emails; probe underway

Following the emails, bomb disposal squads and dog units were dispatched to the affected schools as the authorities launched thorough checks and precautionary evacuations

ED raids in ₹100 cr 'cheating' case against promoters of Bengaluru bank

The Enforcement Directorate (ED) on Thursday raided multiple locations in and around Bengaluru as part of a money laundering probe linked to an alleged fraud of Rs 100 crore with more than 15,000 depositors by the promoters of a local bank, officials sources said. The probe pertains to Shushruti Souhardha Bank, Shruthi Souharda Bank and Shree Lakshmi Souharda Bank and their promoters, including N Srinivas Murthy and his family members, the sources said. At least 15 locations in and around the city were searched by the agency under the Prevention of Money Laundering Act (PMLA). The allegations against the promoters pertain to cheating of over Rs 100 crore from more than 15,000 depositors by luring them to make deposits with high interest. These funds were "diverted" through unsecured loans to associates and most of the loans became non performing assets (NPAs) and the money was laundered and used to buy properties, the sources said. The federal probe agency has detected more than 2

Cash makes a comeback in Bengaluru as vendors ditch UPI amid GST fears

Small vendors across Bengaluru are removing UPI options, citing GST notices, tax demands, and fears of harassment or eviction as reasons for switching back to cash-only transactions