City Bangalore Financial News

Bangalore undeniably shares attributes of other metros like high population density, significant economic activity, and a fast-paced lifestyle, it's still categorized as a non-metro for HRA purposes. This means residents can only claim 40% of their basic salary as tax-exempt HRA, compared to the 50% allowed in the four designated metros," said Abhishek Soni, CEO and Co-founder of Tax2win.

Why one should invest in real estate in Bengaluru: Experts share 5 profit tips Among the housing units, the appeal of owning a villa has intensified in the metro cities. Delhi-NCR, Mumbai-MMR, Hyderabad, and Bangalore have seen the greatest demand for these luxury properties.

Residential real estate sales in India were at their highest since the peak seen in 2013, witnessing a 33 percent YoY growth, with a total of 4.10 lakh units sold during calendar year 2023, according to the latest report by PropTiger.com.

Meesho delists nearly 52 lakh counterfeit, restricted products in past 6 months Non-tech roles like Strategy and Operations have witnessed an uptick in salary packages in comparison to last year, the company said. The e-commerce platform visited IIT Bombay, Kharagpur, Kanpur, Madras, Roorkee, and IIT BHU, Indian Institute of Science (IISC), Indian Institute of Information Technology (III) Allahabad, BITS Pilani, Indian Institute of Management (IIMs)- Lucknow and Kozhikode, National Institutes of Technology- Delhi, Bhopal, Surat, Calicut, Institute of Chartered Accountants of India (ICAI), and Management Development Institute (MDI) for campus hiring.

Hansoge Enterprises has sold a hotel asset spread over 1.5lakh sft in the city in a deal estimated to be around Rs 150 crore to an ultra-high net worth individual. The midscale boutique 175-room property is located near Bangalore International Airport and is expected to be completed by the end of 2024.

Bengaluru real estate market is one of the sought-after in the country and has consistently delivered rich returns to investors across established and emerging segments of real estate. “Touted as the Silicon Valley of India, Bengaluru possesses the fundamentals for attracting domestic and global investments in the form of the highest number of engineering colleges in the country and some of the marique management colleges. This is consistently driving the demand for commercial, residential, retail, and warehousing sectors to meet the evolving needs of occupiers, homebuyers, and shoppers and presents immense opportunities in the real estate sector," said Sankey Prasad, CMD, Colliers India.

digital infrastructure and technology sector. This prediction is supported by several key factors, including government initiatives, increased foreign investment, a burgeoning startup ecosystem, and a growing talent pool in the technology sector. Firstly, the Indian government has been actively promoting digitalization across various sectors.

Larsen and Toubro was issued the Letter of Acceptance on Saturday for the design and construction of an elevated viaduct including associated works between Heelalige and Rajanukunte of Corridor-4 of the Bengaluru Suburban Rail project, officials said. The contract price is Rs 1,040.51 crore including GST and the contract period is 30 months.

Kempegowda International Airport (KIA) were arrested for allegedly stealing passengers' belongings. One worker was accused of taking a gold bangle belonging to an IIM-Bangalore student, and the other was alleged to have stolen a wristwatch.

Gifted 2023' report. With a spotlight on roses, cakes, and emerging trends, the report provides insights into the evolving landscape of gifting in the digital age.

Maruti Suzuki, Hyundai and Honda are ‘most-trusted’ brands among used car buyers While grey, and red were the preferred colours among Spinny buyers. The data also revealed that Bengaluru, Delhi-NCR, and Hyderabad were the cities with the highest demand for used cars in 2023.

Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023. Bengaluru and MMR recorded the second-highest average price hike in this segment at around 27% each. In Bengaluru, the average price of a luxury home stood at Rs 10,210 per sq ft in 2018. Since then, the average price rose to Rs 12,970 per sq ft. In MMR, the average price in the luxury segment was Rs 23,119 per sq ft in 2018. It jumped to Rs 29,260 per sq ft at the end of the first six months of 2023.

Bengaluru police on Wednesday arrested individuals associated with Karnataka Rakshana Vedike (KRV), a pro-Kannada activist group, while conducting a protest. As reported by ANI, the protest called for all businesses and establishments in the state to display nameplates in Kannada, by the government mandate stipulating that 60 per cent of the nameplates should be in the Kannada language. The demonstration to raise public awareness was organized under the guidance of T A Narayan Gowda, the State President of Karnataka Rakshana Vedike.

Bengaluru, India - December 26, 2023: Awiros, a leading AI startup, marked a historic milestone by concluding India's largest Computer Vision Hackathon in collaboration with Intel. This groundbreaking hackathon unfolded over three months, drawing participation from an impressive 3500 teams comprising over 8000 individuals from leading educational institutions and multinational organisations. The hackathon centred around development of enterprise grade computer vision applications on the Awiros Platform utilising tools provided by Intel OpenVino.

₹6,105 per sq. ft. in Q3 2022 to nearly ₹6,800 per sq.

Vistara flights bound for Hyderabad from Bengaluru and Mumbai had to return to their respective departure cities on Monday morning. The first one, UK837 traveling from Mumbai to Hyderabad, had to go back to Mumbai because of unfavourable weather at the Hyderabad airport. Similarly, the second flight, UK897 from Bengaluru to Hyderabad, was diverted and returned. #DiversionUpdate: Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours. Please stay tuned for further updates. — Vistara (@airvistara) December 25, 2023 «Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours,» the airline posted on X (formerly Twitter). #DiversionUpdate: Flight UK897 from Bangalore to Hyderabad (BLR-HYD) has returned to Bangalore (BLR) due to bad weather at Hyderabad airport and is expected to arrive in Bangalore at 0940 hours.

Telangana Today report, on 25 December, Hyderabad witnessed dense fog for the second day in a row. At Rajiv Gandhi International Airport, the visibility decreased to just 300 metres, which was a first for this winter season.

Bengaluru people on Kempegowda International Airport, Terminal 2 winning the World Special Prize for an Interior 2023 in the airports category and called it a "commendable feat". In a post on X (formerly Twitter), PM Modi shared the glimpses from the Terminal building’s inauguration last year.

airports in the world. For example, the new Bangalore Terminal 2 is made with a bamboo motif and feels like a mix of Singapore Changi Airport and being in the Broadway musical, Miss Saigon.

massive spike of more than 160 percent. Other tokens such as Ethereum, Solana, Dogecoin and Cardano also were in the green, stated the second edition of CoinSwitch report, ‘India’s Crypto Portfolio 2023’. The report has shown a slew of interesting facts.

Karnataka CM Siddaramaiah and state minister Ahmed Khan saying that at a time when their party is asking for donations, the two leaders are travelling in a 'private jet'. Responding to a question on the video of himself and Karnataka minister B Z Zameer Ahmed Khan travelling on a chartered flight, Karnataka CM Siddaramaiah says, "Ask BJP people in what Prime Minister Narendra Modi travels in." The video was first posted by the Karnataka Minister Zameer Ahmad Khan himself.