City Bangalore Financial News

₹25 for 5 km, ₹50 for 10 km and ₹75 for 15 km. Apart from Delhi, Ola is planning to start the e-bike service in Bengaluru as well. Ola has set up 200 charging stations in Bengaluru to service its e-bike fleet.

Strata, a tech-enabled platform for fractional investments in commercial real estate, is in the process of acquiring 700,000 square feet of commercial real estate valued at around Rs 700 crore by the end of the current financial year. The firm is in active discussions to acquire multiple assets across Bengaluru, Pune, Mumbai, Ahmedabad, and other cities. «In the last 12 months, the firm acquired nearly 900,000 sq ft of office space across Mumbai, Bangalore, Pune, and Jaipur, valued at around ?584 crore,» said Sudarshan Lodha, co-founder & CEO of Strata. The acquisition also includes 53,000 square feet of commercial assets in Pune for fractional ownership. The new investment opportunity is leased out to India's largest flex working space, has a 5-year lock-in and lease, and is expected to offer a gross entry yield of 9.1% with a total IRR of 13.1%. Strata is aiming for assets under management of Rs 2,000 crore by the end of 2023-24. It surpassed its AUM of Rs 1,300 crore and aims to expand its presence in western states such as Maharashtra, Rajasthan, and Gujarat.

Karnataka Chief Minister Siddaramaiah on Friday appointed 34 ruling Congress legislators as heads of various state-run boards and corporations. The postings with cabinet ranking will be for a tenure of two years or until further orders, an official notification said.

Ride-hailing company Ola Mobility plans to deploy 10,000 electric two-wheelers across three cities in the next two months and gradually scale up its service across the country by the end of year. The company on Friday announced the launch of e-bike service in Delhi and Hyderabad. In September 2023, Ola had launched a pilot project of e-bike service in Bangalore.

Perfios Software Solutions Pvt., an Indian technology company backed by Warburg Pincus, is considering an initial public offering that could raise about $500 million in India, according to people familiar with the matter. A potential IPO could value the Bangalore-based company at about $2 billion, the people said, asking not to be identified because the deliberations are private. Perfios is seeking to hire banks to help arrange a share sale that could take place as early as this year, the people said.

WPL 2024 will see the participation of five teams, namely Mumbai Indians, Delhi Capitals, Gujarat Giants, Royal Challengers Bangalore, and UP Warriorz. The matches scheduled until March 4 are set to take place at the M Chinnaswamy Stadium in Bengaluru, while the remaining fixtures of the tournament will be held at the Arun Jaitley Stadium in Delhi.

Bengaluru, 19th January 2023: Centricity, a Gurugram-based wealthtech startup, proudly announces the grand inauguration of its new office in Bengaluru, expanding its footprint into the south market. Strategically located on the bustling Church Street, it will cater to a diverse set of requirements in wealth management and financial product distribution across the region.

Internshala, the leading career-tech platform, unveils critical insights for internship seekers, showcasing a substantial 200% increase in internship opportunities for Indian students over the past five years. The report highlights some key observations regarding the current internship market and what internship seeking students could expect from internship recruiters in the year 2024.

Samagra Shikshana Karnataka (SSK), Bangalore and Transform Schools signed a three-year MoU to scale the Marusinchana programme for providing targeted instruction model-based education statewide. The Karnataka government has launched a new education scheme, Marusinchana programme, to providing quality education and improve Class 10 board exam results. “Marusinchana announced in Karnataka State Budget 2023, aims to develop grade appropriate learning outcomes among children in classes 8, 9 and 10 in all aspirational talukas and prepare them for secondary level examinations through special classroom instruction and training,” State Project Director of Samagra Shikshana, K N Ramesh (IAS) said In partnership with Transform Schools, the integrated three year learning enhancement programme will focus on developing learning outcomes for children at the secondary school level.

Delhi reeled under dense fog conditions causing low visibility. The IMD has also said that cold wave conditions are likely to prevail over Bihar and north Madhya Pradesh and expand to more parts of north India during 21-22 January.

PayTm Insider. However, netizen reported a delay in the show and expressed disappointment. Some social media users said on X that shutters of the venue were down even at 8 pm.

jobs for all students this placement season. The impact of the global slowdown and over-hiring during the post-Covid job boom are being felt at the Indian Institutes of Management (IIMs), where final placements are either ongoing or will begin soon. This year is turning out to be one of the most difficult ever for placements at the top IIMs of Ahmedabad, Bangalore, Calcutta, Lucknow, Indore and Kozhikode, officials and students across institutes told ET. Many did not wish to reveal their identity or their institute.

Bengaluru is likely to face power outages for two days- 18 and 19 January. According to reports the Bangalore Electricity Supply Company (BESCOM) has undertaken several maintenance and repair works which will consequentially lead to power outages in the IT capital of India.

Vande Bharat train over luggage space. As other passengers in the coach watch, the dispute escalates when a woman intervenes to support one of the men.

Edtech platform Simplilearn on Friday announced new appointments in its senior management, with Mark Moran rejoining the company as chief marketing officer, and Veerasundar V assuming the post of chief financial officer, in a bid to scale up operations. Moran, a marketing veteran, served as the CMO at Simplilearn from 2015 to 2022. Veerasundar has a background in financial management, leading fundraises, overseeing IPO listings and providing exit to private equity firms, among other responsibilities.

Arabian Sea tomorrow, Mumbai will get a vital artery which can give a phenomenal boost to business and industry as well as make daily life easier for Mumbaikers. The Mumbai Trans Harbour Link (MTHL), or Atal Setu, as it will be called now, links Sewri in Mumbai to Nhava-Sheva on the mainland in Mumbai Metropolitan Region, establishing faster connectivity between the island city of Mumbai and the Navi Mumbai on the mainland, and decongesting the perennially choked metropolis as well as opening new vistas of development. Spanning 22 km, with a 16.5 km extension into the sea, Atal Setu will shorten travel time between Mumbai and Navi Mumbai to 20 minutes from two hours.

Small enterprises big on new firm registrations Additionally, 75% of Wholesale and Trader segment MSMEs remained bullish on consumer demand in the current calendar year. Among the Indian cities, Delhi appeared most optimistic where 87% of the surveyed MSMEs anticipated a surge in consumer spending. The survey analysed responses from nearly 3,000 MSMEs from more than 25 cities in India.

RCB IPL jerseys and merchandise, featuring eight top picks that every fan should consider. These selections are not just about donning the team's colours; they're a testament to loyalty and passion for RCB. From the latest jerseys emblazoned with your favourite players' names to unique merchandise that adds a touch of RCB to your daily life, our guide covers it all.

jerseys and caps to collectible items and accessories, IPL merchandise encapsulates the spirit of your favourite teams and players. These items are not just apparel or trinkets; they are symbols of allegiance and tokens of the exhilarating cricketing moments shared each season. In the bustling market of IPL merchandise, finding quality items at reasonable prices can be a daunting task.

AI Odyssey program by registering on aka.ms/AIOdyssey and accessing the learning modules and resources provided. The program is open to AI enthusiasts across India, irrespective of their experience level or background. Comprising two levels, the first phase of the program focuses on educating participants on utilizing Azure AI services to create and deploy AI solutions for diverse scenarios.

The real estate market in Bangalore has witnessed a significant boom in recent times. Among the several pockets of development, certain areas have outperformed over others, in terms of development and ensuing price increase. Among all the outliers, Sarjapur, nestled in the eastern part of the city, is emerging as a focal point of exponential growth over the past five years.