City Bangalore Financial News

26.02 / 02:44
Provident Waters Food country information Kashmiri Pandit Prof in UK Nitasha Kaul denied entry to India despite invitation from Karnataka govt - here's why
Bengaluru airport. In a post on X (formerly Twitter), the Kashmiri Pandit academic based in London wrote, “Denied entry to #India for speaking on democratic & constitutional values.
25.02 / 19:13
markets UPS FIVE Experts cricket Sporting 'WPL could earn up to ₹125 cr in sponsorships'
Women's Premier League (WPL) is expected to generate up to ₹125 crore in sponsorship revenues for the Board of Control for Cricket in India's (BCCI) and the five teams, sports marketing experts told ET. The BCCI could generate upwards of ₹50 crore from central sponsorships, including Tata Sons, Sintex, Ceat, Dream11, and Amul, while the five WPL franchises are anticipated to earn ₹50-₹65 crore from team sponsorships, they said. Experts suggest that team sponsorship revenue could potentially be higher since some teams are doing better than others. «The WPL sponsorship revenue between BCCI and WPL franchises is likely to be over ₹100 crore and might even touch ₹125 crore,» a senior official at a leading sports marketing firm said on condition of anonymity.
25.02 / 17:25
UPS Citi Waters Parke IBM Bengaluru tech belt hit by double whammy of water supply crisis and rising demand due to work from office rules
flash floods, tech parks in Bengaluru are now gearing up to face a severe water shortage crisis, months before peak summer. With work-from-office enforced by most corporations, demand for water in these areas is higher than last year, at a time when weak southwest monsoon has created a drought situation across most of Karnataka. The $245 billion IT industry has seen top companies including TCS, Infosys and Wipro calling people to “return-to-office” for a minimum of around 3-5 days a week. Bangalore Apartments' Federation General Secretary Vishnu Gattupalli told ET that tanker water supply is not enough to meet the needs of the employees who have returned from their hometowns, tech offices, and residents in the ‘Silicon Valley’s’ tech belt. Residents of areas like Whitefield, Mahadevpura and RR Nagar – home to companies like Infosys, Wipro, IBM, Tech Mahindra – have been advised to ration the water they have and use it judiciously, he added. While the median tanker rate is Rs 131 per 1000 litres, the price climbs up along the city’s tech belt, with areas like Horamavu paying Rs 207 per 1000 litres and RR Nagar residents paying Rs 238 per 1000 litres, according to a survey by the Federation.
24.02 / 06:07
Citi Manufacturing Metro Yellow electronic reports testing Bengaluru metro update: New driverless train from China to start with drivers. Here's all you need to know
The New Indian Express has reported. As per the report, Bangalore Metro Rail Corporation Limited (BMRCL) is initially planning to operate with drivers due to permission constraints. The driverless metro train comprising six coaches from China arrived at Hebbagodi depot in Electronic City, the IT hub in South Bengaluru According to a senior official from BMRCL, out of the 36 train sets which have been ordered, only 15 will be based on the Communications-Based Train Control (CTBC) system or the driverless system, the report said.
23.02 / 09:45
FIVE Election WhatsApp Southern RPG reports cricket IPL Sponsors: Ceat retains IPL 'strategic timeout' partnership for Rs 240 crore
Ceat has announced its sponsorship of certain segments of IPL matches, marking an investment of about Rs 240 crore over five years. The Board of Control for Cricket in India has selected Ceat as an official partner to sponsor certain segments of the IPL matches, with an aggregate spend of about Rs 240 crore over five years, Ceat Ltd said in a regulatory filing. ET reported on February 23, citing sources familiar with the matter, My11Circle, RuPay, Angel One, and Ceat have collectively acquired IPL sponsorship slots for a total sum of ₹1,485 crore.
22.02 / 13:54
markets IPO Target Food country Traffic IRCTC joins hands with Swiggy for pre-ordered meal delivery; service to be available at 4 railway stations. Details here
Also Read: Swiggy's GMV reaches $1.43 billion in 1H24; here's what brokerages say The services will be expanded to other stations after the completion of the first phase. “The e-catering service through Bundl Technologies Pvt. Ltd.
21.02 / 13:27
Manufacturing President country International cricket Sporting Kajaria Tiles Extend Partnership With RCB Women’s Team
Mumbai: Kajaria Tiles, the largest manufacturer of ceramic and vitrified tiles in the country along with the Royal Challengers Bangalore announced today that the brand would stay on as the “Principal Sponsors" for the RCB Women’s Team extending their partnership which began with the inaugural season of T20, last year. Speaking on the associationMr Rishi Kajaria, Joint Managing Director at Kajaria Ceramics Ltd, said: “I am happy to announce that we have extended our partnership with the Royal Challengers Bangalore Women’s Team and look forward to a successful season. For us Women Empowerment is a core ethos of our organisation, and our sporting superstars are inspiring not just this generation but every little girl watching the game. We look forward to continuing our support for RCB Women team and contributing to their journey of success in the upcoming season". Rajesh Menon, Vice President & Head of Royal Challengers Bangalore, said “We are pleased to extend our partnership with Kajaria for another season. The association began on a successful note with the inaugural season, last year and we look forward to strengthening our collaboration as the tournament grows in magnitude." The second edition of the Women’s T20 will be played between 23 February to 17 March 2024 across two venues, Bangalore, and Delhi.
20.02 / 12:37
COST UPS Citi Mobile awards reports Good news for Bengaluru EV owners. Reliance BP to set up 225 public charging stations in city
Bengaluru has more reasons to cheer for. The Silicon Valley of India is set to get more public charging stations soon. As per reports, Bangalore Electricity Supply Company Limited (BESCOM) has awarded a tender to Reliance BP Mobility Limited for settin up of 225 public charging stations across Bengaluru. As per the tender, 150 charging spots will be in Bengaluru city while 75 in Bengaluru rural. “We had awarded the tender for setting up the charging infrastructure to Reliance BP Mobility Limited in October. They have agreed to set up 150 charging stations in Bengaluru city and 75 in Bengaluru rural. Currently, a survey is ongoing to identify the land for setting up the infrastructure. Once the survey is completed, they will sign a 10-year lease contract with the land owing agency. Reliance will call the bid for INR 2.19 per unit,” a senior BESCOM official was quoted as saying by the Times of India.
17.02 / 12:19
Sustainability Remark Experts Diversity performer country innovations BlowHot - Pioneering a New Era of Innovation in Indian Home and Kitchen Appliances
Blowhot Kitchen Appliances emerges as a beacon of ingenuity, poised to revolutionise the industry with its innovative designs and forward-thinking approach. Founded on the principle of blending modern technology with traditional Indian lifestyles. Under the leadership of Mr.
16.02 / 05:25
UPS Citi Provident Hyundai Highways country 80% in just 21 minutes: Hyundai expands ultra-fast EV charging network in India
Hyundai Motor India is taking a significant leap towards making electric vehicles more accessible across the country. The company has recently expanded its ultra-fast EV charging network by setting up 11 new charging stations in various cities and along major highways. These new charging stations are strategically placed to benefit cities like Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore. They are also located along highways such as Delhi-Chandigarh, Delhi-Jaipur, Hyderabad-Vijayawada, Mumbai-Surat, and Mumbai-Nashik. The aim of these charging stations is to provide quick and convenient charging options for electric vehicle owners. Most of them operate 24/7, catering to both city dwellers and long-distance travelers. The charging stations utilize advanced technology that enables vehicles to be charged rapidly and efficiently. For example, the Hyundai IONIQ 5, one of Hyundai's electric vehicle models, can be charged from 10% to 80% in just 21 minutes using these chargers. To make the charging process even more convenient, customers can use the MyHyundai app. The app allows users to discover charging stations, navigate to them, pre-book charging slots, make digital payments, and monitor the charging status. Looking ahead, Hyundai plans to further expand its ultra-fast charging network to 10 or more new locations by 2024. Additionally, as part of an agreement with the Government of Tamil Nadu, Hyundai aims to install 100 charging stations by 2027.
16.02 / 05:09
IPO BLOCK Booking Parke Trade performer reports Multibagger stock: B L Kashyap & Sons rallies nearly 8% on ₹208 crore order win
₹208 crore and involves the construction of Blocks D1 & D2 (SEZ) at the Embassy Manyata Business Park Campus, Bangalore. With this new order, the total order book of the company as on date stands at ₹3,165 crore, as per the company's exchange filing. Also Read: Vibhor Steel Tubes IPO allotment to be out soon; GMP rises, steps to check Vibhor Steel IPO allotment status B L Kashyap & Sons Ltd.
15.02 / 14:59
Citi Enterprise Research trends Diversity country Features Table Space Technologies leased over one lakh square feet in the Cafe Coffee Day Square Property in Bengaluru
Table Space Technologies has leased over one lakh square feet in the Cafe Coffee Day Square Property in Bengaluru, which had served as the erstwhile corporate headquarter of the company and its flagship store. The lease term is 60 months with a lock-in period and commands a rental of Rs 175 per square foot with a 10% escalation every two years, as per the lease registry document shared by Propstack, a data analytics firm. The Cafe Coffee Day Square at Bengaluru’s premium Vittal Mallya Road has a total built-up area of over 100,000 sq ft, and each floor measures approximately 9,000 sq. ft, said the document.
15.02 / 10:13
Citi Manufacturing security Mobile Enterprise Southern reports Funding in Karnataka, Gujarat, and Tamil Nadu tech startups plummet in 2023: Report
Kerala-based startups witness 40% surge in seed-stage funding in 2023: Report Tamil Nadu startups also saw a crunch in funding, with an 85% plunge last year. Tamil Nadu-based tech startups secured a total funding of $255 million in 2023 as against $1.7 billion raised in 2022. Karnataka's tech startups attracted late-stage investments worth $2.3 billion in 2023, a 74% decline compared with $8.9 billion in 2022.
14.02 / 14:27
Digital Strategy students show performer Schools Profiles Work experience more crucial than ever for new MBA graduates, India’s top B-schools say
₹33.05 lakh including stock options, performance bonuses, one-time payments, and so on. The median salary for graduates of the two-year MBA programme for batch of 2023 at IIM-Ahmedabad was not available. The 2024 batches at business schools are currently at the fag end of placements seasons.
13.02 / 01:33
Booking Waters Trade show track reports Prem Watsa clears air over charges by Muddy Waters, flaunts good show
Prem Watsa strongly refuted the allegations levelled by short seller Muddy Waters and firmly stood by his company's track record of returns to investors, amid charges of accounting abuse against Fairfax Financial Holdings, a Toronto-listed investment firm he founded four decades ago. Fairfax Financial Holdings has invested $7 billion (about Rs 58,100 crore at current exchange rates) in India.
12.02 / 15:13
Provident Manufacturing Enterprise Celebrity innovations Skillmine’s Tech Solutions Showcase Niche Technology Expertise
Mumbai (Maharashtra) [India], February 8: Skillmine, a leading IT Services and Product Engineering company, has proudly completed a decade of innovation and excellence. With a relentless focus on problem solving and making technology better, faster and cheaper, Skillmine is emerging as a challenger within technology enterprises. Taking its cutting-edge services and solutions further in AI/ML Engineering, manufacturing 2.0, Data, Cyber and Regulatory challenges, Skillmine's products not only address significant business challenges but also provide scalable solutions at competitive and value-driven pricing.
12.02 / 07:05
markets COST Progressive Diversity reports International Hero Future Energies eyeing green hydrogen opportunities
Hero Group's renewable energy arm, Hero Future Energies (HFE) is actively exploring opportunities in green hydrogen projects in India, according to a report of ETenergyworld. The group may soon make a an announcement in this regard in the coming months, HFE' Global Chief Executive Officer Srivatsan Iyer told the website. Iyer said, “Green hydrogen is a focal area of interest for us. We are actively engaging with various customers across India to explore diverse project opportunities. We anticipate making some announcements in the coming months as these discussions progress and materialise into concrete initiatives.”
10.02 / 18:17
Citi Booking Pool students Swimming audience Colleges The last utopias, rants galore notwithstanding
British empire — while the audience wonders whether some free snacks and free books could be finagled at the end of it. Quite often, they fail. Having attended three literature festivals this year back-to-back, I've concluded that it is possible to have a wonderful time once you've avoided crowds chasing unlikely heartthrob Sudha Murty and English thesaurus on the cheap Shashi Tharoor, the former actually requiring a bodyguard to protect her from demanding schoolchildren and college students (and one Narayana Murthy fan). This is the first time I've seen a children's book author requiring a bodyguard. The first festival I went to this season was in Bangalore. And it was around a swimming pool. (Whyever not?). Apart from literature, there was a lot of startup wisdom, as expected in Nilekani City. What's very zeitgeist in India now is someone whose startup has made a few hundred crores, has a podcast, and is a mid-30s philosopher, holding forth on everything from the number of steps a day necessary to how FDs will ruin you, to the toxicity in tonic.
10.02 / 08:07
Man Dreams film love show Colleges Relationships week Valentine’s Week: Here’s a list of 10 movies for singles; from Pyaar Ka Punchnama, Bridget Jones's Diary to Queen
Bollywood, that resonate with singles by exploring themes of self-discovery and independence. These also address the humorous reality of modern relationships without idealising romantic love. The film explores the romantic battles of three young men as they find themselves in relationships with strong-willed women.
09.02 / 18:27
crypto market Crypto investing Crypto Investors Delhi tops crypto investment with young investors driving surge
Delhi continued to assert its dominance in India's cryptocurrency adoption landscape, maintaining its lead in terms of the value invested. This was followed by the IT hubs Bangalore and Hyderabad. Recent data from CoinSwitch report reveals that Delhi boasts the highest percentage of cryptocurrency investors in the country. However, the phenomenon extends beyond Delhi's borders, with other cities like Hyderabad, Pune, and Jaipur also witnessing a surge in crypto adoption.
09.02 / 10:39
Ball dance stars reports testing symptoms NOT India vs England Test series: Star Indian batter may miss next 3 matches due to fitness issues; no, it’s not Virat Kohli
cricket series, currently locked at 1-1, The Indian Express reported. His gear, unlike his teammates', did not head to Rajkot, where the next match is going to take place. His kit was sent to his Mumbai residence instead, the publication added.

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