City Bangalore Financial News

BWSSB has engaged in discussions with the Confederation of Real Estate Developers' Association of India (CREDAI) and the Bangalore Apartments Federation (BAF) regarding this endeavor. According to BWSSB authorities, developers have already placed orders for 62 lakh liters of recycled water, with expectations of increased demand in the future. This move will not only serve as a source of income for BWSSB, which has collaborated with the Indian Institute of Science (IISc) for third-party certification. Additionally, BWSSB has authorized apartment complexes to sell 50% of their recycled water. Plans are underway to install separate pipelines for supplying treated water to construction sites within a 500-meter radius of sewage treatment plants. In Bengaluru, some apartment complexes are already selling surplus treated water at rates ranging from Rs 100 to Rs 125 per tanker, TOI reported. However, the availability of tankers for transporting treated water is limited due to most being utilized for delivering drinking water. Moreover, tankers used for transporting treated water cannot be repurposed for delivering potable water to prevent contamination. BWSSB has convened meetings with Bangalore Apartments Federation to address this issue.

alliance, Union home minister Amit Shah and JDS leader HD Kumaraswamy will hold a joint roadshow on Tuesday in Channapatna of Bangalore Rural Lok Sabha constituency. The visit of Shah will also focus on ironing out minor differences between the alliance partners to achieve the goal of winning all the 28 LS seats of the state. The BJP is contesting on 25 Lok Sabha seats while the JDS is contesting on three LS seats. Before the road show, the two leaders are supposed to hold a joint meeting of party officials to increase synergy and coordination.

Karnataka Deputy Chief Minister D K Shivakumar on Sunday said Union Home Minister Amit Shah is holding a roadshow at Channapatna in the Bangalore Rural Lok Sabha segment, as workers of BJP and JD(S), who are fighting the polls in alliance, are not united there. Shivakumar's brother and sitting MP D K Suresh is the Congress candidate in Bangalore Rural, while the BJP has fielded noted cardiologist Dr C N Manjunath, who is the son-in-law of JD(S) patriarch and former Prime Minister H D Deve Gowda, on its ticket. Shah will kick off his campaign in Karnataka on April 2. He is scheduled to hold a roadshow at Channapatna in the Bangalore Rural Lok Sabha segment. «Why they have selected Channapatna is because BJP and JD(S) are not united there, their workers are not united there. BJP and JD(S) workers who have fought each other day in and out, and even during local body polls, are not working together. So, Amit Shah is starting his campaign from there,» Shivakumar said.

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residential real estate market in India recorded robust growth in the first quarter of 2024, propelled by persistent high demand. The high-end and luxury segments made a substantial contribution to this growth, while the mid-segment retained its leadership position in terms of the sheer number of launches or shares, mentioned Cushman & Wakefield's Residential Marketbeat Report for Q1. The report indicates that the top 8 cities recorded a total of 69,000 unit launches, with Mumbai and Pune being the top contributors with 28% and 16% respectively. Hyderabad and Bangalore followed with 16% and 13%. Although the total launches declined by 7% from Q4 2023 at 74,344 units and 15% from Q1 2023 at 81,167 units, it still surpassed the average quarterly launches observed in 2022 at 67,960 units, indicating yet another positive year for the sector.

Suruchi Properties ₹450 crore debt from Edelweiss Special Situations Fund at 18-20%, continuing with the trend of big investments by private credit funds into the real estate sector. «Edelweiss has done two investments in the real estate side from its special situation fund ₹11,000 crore in the last week and is closing on with the next investment in a manufacturing company,» said a source. «They have invested ₹325 crore in Prateek and ₹450 crore in Suruchi Properties. Both the deals have happened at around 18-20% and Edelweiss has financed the completed, constructed and fully ready projects.»

₹100 crores, according to the self-sworn affidavits analysed by poll rights body Association of Democratic Reforms (ADR). Of these 25 billionaires, the Bharatiya Janata Party (BJP) with 294 MPs in the Lok Sabha, constitutes of the highest number of rich MPs. As many as 9 sitting BJP MPs have declared to have assets worth over ₹100 crores.

Bengaluru IT companies to give WFH or work from home option as daily lives get impacted due to the water shortage. BWSSB Chairman V. Ram Prasath Manohar recently convened a virtual meeting with IT companies to address these apprehensions and discuss measures to mitigate the situation. Manohar emphasized BWSSB's commitment to ensuring sufficient water supply to IT firms, affirming that measures implemented citywide would extend to serve these companies. Healso urged prudent water usage, emphasizing the importance of raising awareness among employees regarding water conservation practices. BWSSB authorities say that the completion of Cauvery 5th stage project would help in additional supply of 775 million litres per day (MLD) of water, significantly augmenting water availability and addressing shortages.

IPL) has smashed TV and streaming records, with both Star Sports and JioCinema recording strong viewership growth on the opening day. Chennai Super Kings trounced Royal Challengers Bangalore by six wickets on the opening day (March 22), which was preceded by a star-studded opening ceremony. According to an official statement issued by Disney Star, the opening day of the IPL attracted 168 million unique TV viewers, registering a watch-time of 12.76 billion minutes, which is the highest ever for the opening day in the tournament's history. The opening day on March 22 also witnessed the highest-ever peak TV concurrency of 61 million viewers. Disney Star, which is the official broadcaster of the IPL, is airing the matches on the Star Sports network. “This growth is a reaffirmation of the incomparable capacity of live cricket to aggregate audiences on TV and provides a blockbuster start to tournament. We will continue to enrich the magic of one of the world’s biggest sporting events to take forward the launch momentum and deliver unprecedented viewership,” a Star Sports spokesperson said.

ALSO READ: Suryakumar Yadav expected to miss few more games as Hardik Pandya-led Mumbai Indians await first win in IPL 2024 After SRH posted 277-3 to beat MI by 31 runs, a video was posted on social media, where Malinga ignored the MI captain and Pollard appearing agitated. The video was shared by several users on social media platform on X.

The Thriving Global Market for Used Cars Among the car models, the Renault Kwid, Grand-i10, and Baleno emerged favourite among women buyers aged between 30-40 years. "'Lady Luck' promotion, offered during the month of March, featured exclusive discounts of up to ₹25,000 on car purchases.

Bengaluru water crisis: Chiranjeevi shares conservation tips Consumers from the BWSSB's (South East)-3, (South East-6), (West-1)-3, (North West-5), North-2)-3, (South-1)-3, (South West-3), (South West-6) and (East-2)-4 sub-division can take part in water adalat. Bengaluru is reeling from an acute drinking water crisis--a shortage of 500 million litres every day.

ALSO READ: SRH vs MI IPL 2024 Live Score Looking at some records on who scored highest runs in IPL history, this was the first time that a team breached 275-runs mark. Earlier in 2013, Virat Kohli-led Royal Challengers Bangalore scored 263/5 runs in 20 overs while playing against Pune Warriors at M Chinnaswamy Stadium in Bengaluru.

Orange Cap IPL 2024: Virat Kohli to Shivam Dube, checkout the top run scorers after CSK vs GT match The gut-wrenching defeat at the MA Chidambaram Stadium not only dented Gujarat Titans' confidence but also their run-rate as they dropped to 6th place on the IPL points table. After back-to-back wins under the leadership of Ruturaj Gaikwad, CSK now sit at the top of the IPL 2024 points table with 4 points and a net run rate of 1,979. CSK's strong start to the season has sent a clear message to other teams in the tournament that despite a change in leadership, the Chennai based franchise remains a team to be reckoned with.

RCB Vs PBKS IPL 2024 Live Score: Royal Challengers Bangalore (RCB) will take on Punjab Kings (PBKS) in their second match of the tournament. In the first match, Faf du Plessis-led RCB lost to Chennai Super Kings (CSK).

₹5,000 each for using Cauvery water for non-essential purposes amid the ongoing water crisis. So far, the Bangalore Water Supply and Sewerage Board (BWSSB) collected ₹1.1 lakh as a fine collectively, according to a report published by Deccan Herald. The BWSSB acted on the social media complaints alleging that people were using drinking water for unnecessary purposes, such as cleaning cars or gardening, the report said, adding that the authority's south division is reportedly strict about water wastage.

IPL 2024: Royal Challengers Bangalore (RCB) will take on Punjab Kings (PBKS) on March 25. RCB, led by Faf du Plessis, were outsmarted by Chennai Super Kings (CSK) in their first match. Punjab, on the other hand, sealed their first win in the tournament as they clinched a last-over thriller in Mohali.

BOWL-ERR RCB’s ’24 campaign is just a match old but their bowling was exposed during the 6-wicket defeat to CSK in the IPL opener. The spinners did not have enough resources to exploit a gradually slowingdown pitch as Mayank Dagar, Karn Sharma and Glenn Maxwell bowled five overs between them and managed 37 for 1, without troubling the batters after RCB scored 173 for 6 The RCB pacers blindly followed a shortpitch ball strategy. Mohammed Siraj, Alzarri Joseph, in particular, and Yash Dayal zealously used the quota of two bouncers per over but sacrificed their control over line and length. It reflected in their run-giving rate too — Siraj (9.5), Joseph (10.3), Dayal (9.3)

Karnataka Chief Minister Siddaramaiah on Sunday said giving tickets to the children and relatives of ministers was not dynastic politics but acknowledging the recommendation of voters. In its second list of candidates for the upcoming Lok Sabha elections, the Congress on March 21 announced fielding its national president M Mallikarjun Kharge's son-in-law and children of five ministers in Karnataka. «Yes, we have given. We gave tickets to those whom the people of the constituency recommended. This is not dynastic politics but acknowledging people's opinion,» Siddaramaiah told reporters. He was replying to a query about 10 family members and relatives of Karnataka ministers getting tickets to contest the Lok Sabha polls on behalf of Congress.

IPL 2024: After a six-wicket loss to Chennai Super Kings (CSK) in the Indian Premier League campaign opener, Royal Challengers Bangalore (RCB) captain Faf Du Plessis said the team was 15-20 runs short and the pitch was not as bad as they played during their first 10 overs in battling. In the first IPL match at Chepauk Stadium, CSK began its new era under captain Ruturaj Gaikwad with a six-wicket victory over RCB. Mustafizur Rahman, the pacer, stole the show with a four-wicket haul that destroyed the visitors' middle order before Anuj Rawat and Dinesh Karthik heroically came to the rescue.

An expert reasons that it is to do with the draining of two major lakes on the city’s eastern side — Varthur and Bellandur — that have kept the city’s underground aquifers underfed. Bangalore and its surroundings are a rainwater-fed civilisation. The nearest river, the Cauvery, is about 100 kilometres away, and can only meet the city’s water needs partially.