City Bangalore Financial News

Factors contributing to this trend include a scarcity of newly constructed properties ready for immediate occupancy, a dearth of new developments, and escalating price hikes in major markets. “Recently, there has been a notable surge in the demand for resale residential properties across cities. This scarcity is due to delays in construction projects and a lack of new developments.

property market over the last three financial years has resulted in robust improvement in liquidity and credit profile of key listed real estate developers since the outbreak of the Covid-19 pandemic. The buoyancy in residential demand in mid, premium and luxury segments across India's top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies' higher.

The buoyancy in residential demand in mid, premium and luxury segments across India’s top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies’ higher. The performance helped strengthen their leverage and credit profiles and this is expected to sustain over the medium term.

Rajya Sabha MP Raghav Chadha on Sunday said that it is up to Congress to decide on alliance with the party after Punjab's Congress unit raised objection to an alliance amid the ongoing attempt of leaders for a united front against BJP-led NDA in the 2024 Lok Sabah elections. Raghav Chadha while talking to said, «Congress and only the Congress has to take a decision on it. Who are we to instruct them on this? But I was present in the meeting that took place in Bangalore.

Irom Sharmila Sunday described the incident of strip-and-parade of two tribal women as «inhuman» and «very disturbing» and urged Prime Minister Narendra Modi to immediately intervene to address the situation in her home state. The 51-year-old award-winning activist said she could not hold her tears after watching the video clip that showed two women being paraded naked and molested by a group of men in Kangpokpi district of the northeastern state on May 4. The video which surfaced on July 19 sparked condemnation countrywide.

Nykaa have dominated the sector in the recent past, it is increasingly seeing consolidation of brands or bigger conglomerates making an entry. The latest is Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain.

Altre has raised $1million in a pre series A round to grow technology, capability and teams across the country. Altre is a B2B fulfilment marketplace for commercial real estate.

Haryana, which started on July 5, is causing a revenue loss of Rs 50 crore per day to Gurugram and Rs 200 crore daily for the entire state. As per a ToI report, Gurgaon alone has suffered earnings losses of approximately Rs 750 crore since the start of strike. Ordinarily, the district generates a revenue of about Rs 30-35 crore daily from property registries, with the remaining revenue derived from vehicle registrations, stamp duty, excise duty, and other sources.

The Dharampal Satyapal (DS) Group has completed the acquisition of Viceroy Bangalore Hotels Pvt. Ltd as part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, said a lawyer aware of the matter. Viceroy Hotels owns the Marriott-managed Renaissance Bengaluru Race Course Hotel and had a debt of over Rs1,000 crore.

Swiggy is building generative AI-led solutions for its ecosystem of restaurants and delivery partners that will help in cutting down total operational cost. The Bangalore-based company’s neural search will offer personalised recommendations by understanding users' conversational and open-ended queries. The search feature is built using a Large Language Model (LLM), trained to understand terminologies related to dishes, recipes and restaurants, resulting in a more efficient search experience for consumers.

Indian Railways is planning to launch regular non-AC long-distance trains connecting major cities like Delhi, Mumbai, Surat, Ahmedabad, Bangalore, Chennai, and parts of Punjab. As per ToI report, the railways plans to start the train services before the next Lok Sabha election. The selection of these routes has been carefully determined by analyzing waitlisted ticket data and assessing the origin-destination patterns of high passenger volumes.

Dusminute has raised Rs 11.5 crore in a bridge round led by Inflection Point Ventures. The funds will be utilized to drive Dusminute’s growth in Bangalore. The round has seen participation from multiple existing investors and industry veteran angel investors syndicated by an angel investor and banker Bandana Kankani.

₹18,000-crore Advanced Chemistry Cells, or ACC project. The scheme aims to incentivize production of 20GWh battery storage capacity, it said on Wednesday. During the initial round of awards under the PLI scheme, three companies qualified for incentives: Ola Electric, Reliance New Energy, and Rajesh Exports.

informal employees are prioritising factors such as prestige and career potential over wages today, says a Quess Corp report. The report by leading business service provider Quess Corp titled ‘New Collar Generation Report' uncovers the aspirations of India's informal economy post-pandemic.

Porter, a tech-based on-demand logistics companies, announced the introduction of its Inter-city Courier Services, aimed at transforming the way goods are transported across the country. This tech-enabled Inter-city delivery offering is set to ease the logistics landscape by providing doorstep pickup and delivery services to a wide range of customers, including SMEs, retail businesses, and regular consumers.

Siddaramaiah defended the assignment of IAS officers on protocol duty for visiting political figures who were in Bengaluru to participate in the Opposition meeting on Tuesday. Opposition JDS and BJP came down heavily on the government.

Bosch said he was optimistic India could be the only region to have a substantial growth path in the next two years, at a time China faces a slowdown and economic uncertainty dogs Europe and US. Introduction of economic regulations such as GST, interventions to incentivise industrial production are key developments seen as enablers for growth, which also fuel the bullishness, said Stefan Hartung, chairman, Bosch. For Bosch, India isn't among its top markets yet. Home market Germany, and China are. However, the German major still has high stakes in the country, where its subsidiary Bosch India clocked sales of ₹1.67 billion (₹14,929 crore) in 2022-23. That's because, he said, «It has contributions far beyond that sales as it's involved in many projects globally. That gives it a special role.»

Siddaramaiah found himself defending the assignment of IAS officers on protocol duty for visiting political figures who were in Bengaluru to participate in the meeting of the non-BJP parties which the Congress organised. The Opposition JDS and BJP came down heavily on the government, questioning the propriety of asking IAS officers to serve leaders attending a political event. JDS leader HD Kumaraswamy attacked the government in a series of tweets, saying the Congress «performed last rites for pride, heritage and self-esteem of Karnataka by deputing IAS officers to serve its alliance leaders…This is neither a state govt program, nor the swearing in of a new govt.

OYO on Tuesday announced its foray into premium resorts and hotels category with the launch of its new brand -Palette with plans to have a total of 50 properties by second quarter of FY24. The company has started 10 Palette resorts as a pilot in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar and Bangalore.

Welspun One Logistics Parks (WOLP) on Tuesday said it has raised Rs 1,000 crore within four months of launching its second warehousing-focussed fund. The company also announced the opening of its “green shoe” option to raise an additional Rs 1,000 crore.

market supply, with prospective buyers increasingly viewing the resale market as a viable alternative. Factors contributing to this trend include a scarcity of newly constructed properties ready for immediate occupancy, a dearth of new developments, and escalating price hikes in major markets. «Recently, there has been a notable surge in the demand for resale residential properties across cities.