City Bangalore Financial News

South Indian Bank for a period of three years with effect from October 1, 2023. According to statement by the South Indian Bank, PR Seshadri is an accomplished banker with experiences spanning multiple businesses, functional lines and geographies.

New Delhi: The national capital and the adjoining region (Delhi-NCR) reported a 65% year-on-year increase in retail leasing across investment-grade malls, high streets and stand-alone developments in the first six months of calendar year 2023, real estate consulting firm CBRE South Asia said in a report released Thursday. The city recorded a retail supply of 0.22 million square feet (msf) between January and June, while total leasing during the period stood at 0.70msf compared to 0.42msf a year ago. Fashion and apparel retailers led retail leasing activity in the region with a share of 47%, followed by luxury at 13%, and food and beverage.

Niti Aayog that replaced its planning board. The position of the vice chairperson of SITK, which is chaired by the chief minister, comes with a cabinet rank. Gowda, a public policy expert, economist and academician, has represented Karnataka in the Rajya Sabha during 2014-20.

New Delhi (India), August 12: In the midst of a relentless surge in electronic consumption, the looming threat of e-waste on both our environment and health has reached critical proportions. Stepping up to address this pressing concern, Celekt Mobiles, a leading mobile retail chain, proudly introduces �Mission E-waste: India� First Green Initiative by Celekt�, an unparalleled initiative aimed at combating electronic waste in India. Statistics reveal a staggering annual escalation of 20-25% in electronic waste (e-waste) generation across India.

₹865 crore. Under this project of total length of 16 km, the work of 2.2 km long Chandni Chowk Interchange has been completed. Both sides of the Mumbai-Bangalore highway have 2-lane internal and 2-lane external service.

Several areas in Bengaluru are expected to witness power cuts today and tomorrow i.e. on 12 and 13 August.

Coffee Day Enterprises Ltd (CDEL) after it was challenged by the promoter, Malavika Hedge, that default occurred during the «calm period» amid the global pandemic in March 2020 when lenders were barred from approaching the National Company Law Tribunal (NCLT) for default on loans. The government prohibited lenders from filing insolvency against companies for the default that occurred for a year starting from March 25, 2020, due to the spread of Covid-19. On July 20 2023, the Bangalore NCLT admitted CDEL for corporate insolvency on a petition filed by IndusInd Bank,as first reported by ET on July 24.

JPMorgan Chase on Tuesday announced the opening of 2 global centres in Mumbai and Bangalore that will cater to technology and operations. With this move the foreign lender is looking to consolidate its offices in these locations and cater to growing employee strength.

Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. «We are seeing a revamp in demand after Covid and expecting both automotive and industrial verticals will do well.

Stop hate speech, violence at Nuh protests, says SC The missive also stressed the substantial role played by ‘leaders of corporate India’ in curbing the spread of hate and misinformation. The IIM faculty members laid out a multi-part appeal, urging corporate India to “stop funding media content that targeted any particular community".

Peninsula Land has reported a 362% year-on-year growth in consolidated net profit of Rs 60 crore for the quarter ended June. Revenue for the quarter stood at Rs 188 crore.

1. Lonavala, Mahabaleshwar, Matheran in Maharashtra: Maharashtra in the monsoon season is filled with greenery, waterfalls. Right from forts, hills, beaches to forest, the state has a vast varierty to offer.

Adani GreenPromoter entity Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares.HDFC BankHDFC Bank’s investability weighting in FTSE Emerging All Cap index has increased to 1.52% from 0.81%, following the merger with HDFC.PB FintechPB Fintech Ltd, which runs Policybazaar and Paisabazaar, has narrowed its losses substantially to Rs 11.9 crore in the first quarter. Operating revenue rose 32% to Rs 666 crore.Read more: What changed the market while you were sleepingAdani Ports, Coal India, Siemens, HindalcoShares of Adani Ports, Coal India, Siemens, and Hindalco will be in focus as the companies will announce their first quarter results.BEMLBEML has secured the letter of acceptance (LoA) from Bangalore Metro Rail Corp for supply of Rolling stock contract 5RS-DM valued at Rs 3,177 crore.Inox WindPromoter entity will likely sell shares worth Rs 500 crore in Inox Wind via block deal tomorrow, according to reports.Godrej ConsumerGodrej Consumer's sales rose 10% led by volume growth of 10% in the first quarter.

Avesthagen is aiming to raise $50 million to fund the global commercialisation of its product portfolio and hire senior executives, its founder, Villoo Morawala-Patell, told ET. «I have been playing out of sheer drive and on thin cash, but people have been good to us and we have made it through that. But we need the $50 million to take this global,» Morawala-Patell, who is also the company's managing director, said in an interview.

Rajinikanth starrer 'Jailer' on August 10. While Fans are eagerly waiting for it, Dhanush, a big Rajinikanth fan himself, couldn't contain his excitement for the film on Monday. Taking to his official Twitter handle, the 40-year-old actor wrote, «It’s JAILER week,» along with some emojis. The tweet gained a lot of attention along with several thousand likes and retweets on the micro-blogging platform. Dhanush has been a long-time fan of Rajinikanth. In November 2004, he married the superstar's daughter Aishwarya. However, after 18 years of marriage, the couple divorced for reasons undisclosed by them.

In another incident of heart attack among healthy adults, wife of Kannada actor Vijay Raghavendra, Spandana, died after she suffered a heart attack at a hospital in Bangkok, according to media reports. As per the reports, Spandana was on a vacation with her family in Thailand.

The IPL 2023 clash between Royal Challengers Bangalore (RCB) and Lucknow Super Giants (LSG) turned into a fiery battleground as tempers flared, resulting in an infamous spat between Indian cricket legend Virat Kohli and West Indies star, Kyle Mayers. The tension escalated further with the intervention of LSG's mentor, Gautam Gambhir. Now, Meyers has finally spoken on the shocking incident that left cricket fans stunned.

Roseate Hotels & Resorts, owned by Bird Group, plans to add two hotels annually through management agreements while pursuing the development of luxury boutique properties in India and abroad, Kush Kapoor, CEO of the company, told ET. The company intends to include coworking centers at hotels in metro cities, while its properties in holiday destinations will be developed as resorts. «We are receiving organic queries from owners willing to offer their properties, and simultaneously, some owners with beautiful locations are interested in entrusting their properties to us. We are now exploring management options alongside our existing hotels,» Kapoor said. The company has recently acquired 2.6 acres of land near the upcoming Noida airport for the development of a 250-room project that will include a spacious convention center. «If everything goes well, and we get all our approvals in time, we should be able to start construction soon on the Noida hotel. We are also looking at expanding the Rishikesh resort as well,» Kapoor said.

Central Government Pension News: The amount of minimum pension/family pension given by the Central Government is Rs 9000 per month and there is no proposal under consideration to increase it, according to a written reply to a query submitted by the Prime Minister’s Office (PMO) in Lok Sabha.

New Delhi US chipmaker Advanced Micro Devices’ (AMD) decision to invest $400 million in India isn’t tied to government incentives but rather a vote of confidence in the country’s strong talent pool, said Mark Papermaster, chief technology officer at AMD. In an interview, Papermaster said most of the investment will go towards hiring 3,000 engineers by 2028. He said steps taken by the government to develop semiconductor skills and other initiatives will make India a global talent hub.

International Battery Company has committed to investing $1 billion in India's southern Karnataka state to build a factory that will produce lithium-ion cells, the provincial government said Tuesday. The privately owned company, which is making some initial batches of its prismatic or rectangular cells in South Korea, will acquire 100 acres of land close to the technology hub of Bangalore to build its plant.