City Bangalore Financial News

Subscribe to enjoy similar stories. Buying Property? Don’t Forget These Extra Costs That Can Add 7-11% to Your Budget Think you’ve nailed your property budget? Think you’ve accounted for every expense in buying your dream home? Think again—overhead costs like taxes and government fees could add a hefty 7-12% to your final bill. The biggest cost is that of stamp duty, a tax levied by state governments on the sale of property.

cyber scam called the «Jumped Deposit» scam that's been spreading. It targets UPI users by tricking them into authorizing unauthorized withdrawals from their bank accounts. Here's how it works: you get a small deposit in your account, and when you check your balance and enter your PIN, the scammer pulls the funds right out. It's sneaky and harder to detect, but don't worry—there are ways to protect yourself!

IPO papers with Sebi from September 10 to 23 and obtained the regulator's observations on December 23-27, an update with the markets regulator showed on Monday. The companies are Ivalue Infosolutions Ltd, Ather Energy, Oswal Pumps, Quality Power Electrical Equipments, Fabtech Technologies and Schloss Bangalore Ltd. In Sebi's parlance, obtaining observations means its go-ahead to float public issues.

Subscribe to enjoy similar stories. The Indian real estate sector is witnessing a bullish phase, fuelled by strong demand in key cities like Bangalore, Hyderabad, and Mumbai. However, the broader market has recently undergone a correction, with the Nifty index retreating.

Subscribe to enjoy similar stories. Manmohan Singh was chief guest at the annual convocation of the Indian Institute of Management Bangalore on 15 April 1991. He was then chairman of the University Grants Commission and an advisor to the flailing government led by Chandrashekhar.

NSRCEL since its inception in 2000 has helped more than 1,400 ventures, providing critical support to both profit and social ventures, including a dedicated focus on women entrepreneurs. As India's entrepreneurial ecosystem evolved over the last 23 years, NSRCEL has also seen its role and focus change. In a conversation with ET Digital, Chaitali Pandey, Manager, Marketing, NSRCEL talks about the center's impact, trends in entrepreneurship and the idea behind starting Velocity Cohort.

Transport Minister Pratap Sarnaik on Tuesday proposed to introduce a cable vehicle system in Mumbai and its adjoining areas to alleviate traffic congestion. Sarnaik on Tuesday took charge of the ministry at his office in Mantralaya, the state secretariat, in south Mumbai.

Delhivery on Tuesday appointed Navneet Kumar and Surajit Das to business leadership positions. Navneet Kumar was appointed to lead Delhivery’s supply chain services division, while Surajit Das was named head of OS1 and its SaaS platform.

Subscribe to enjoy similar stories. MUMBAI : Mahindra Lifespace Developers Ltd, the realty arm of the Mahindra Group, will pause fresh investments in the Delhi-National Capital Region (NCR) and narrow operations to markets where it can create a niche as a ‘net zero’ developer. “We have exited two cities completely, Nagpur and Hyderabad, and we are holding back any investment in Delhi NCR right now," said Amit Kumar Sinha, managing director and chief executive at Mahindra Lifespace.

₹149.5 crore via its anchor book, which was initiated on December 20, prior to its IPO. The company has allocated half of the total issue size for qualified institutional buyers (including a portion of up to 60 percent designated for the anchor book), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.The Initial Public Offering (IPO) of Unimech consists of a fresh equity issuance of up to ₹250 crore alongside an offer for sale (OFS) not exceeding ₹250 crore by selling shareholders from the promoter and promoter group.

Amazon executive, has sparked a debate on the demanding work culture in India, especially in global organisations. Broda shared his observations about his Indian colleagues in Bangalore, whose work ethic stood out during his time at Amazon. His post has gone viral, drawing attention to the long hours worked by employees in Indian offices, igniting discussions across various social media platforms like LinkedIn and Reddit.

Subscribe to enjoy similar stories. I am yet to meet a kid who doesn’t love blueberries. I’ve documented my son’s love for them even as a toddler in a 2013 blog post where he illustrated a recipe for lemon blueberry muffins at the age of 5.

«The research on quantum computing has been ongoing for several years by various institutions, including us. The Quantum Reference Facility is coming up at the C-DAC facility in Bangalore,» said A S Murty, senior scientist and Kolkata head of the Centre for Development of Advanced Computing (C-DAC). The scientist was speaking on the sidelines of the International Symposium on Quantum Computing (ISQCI 2024) held in Kolkata.

Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.

Vijay Khare passed away at 4 AM today, December 15. Known widely for his iconic portrayal of Gabbar Singh, Khare was a well-known and respected name in the Bhojpuri film industry. His demise comes after a period of health struggles, during which he was receiving treatment at Cauvery Hospital in Bangalore. Although his condition had reportedly stabilised, his health took a sudden downturn, leading to his untimely passing. Fans and colleagues across the industry mourned the loss of a versatile actor who made his mark in over 200 Bhojpuri films throughout his illustrious career. Originally hailing from Muzaffarpur, Bihar, Vijay Khare later moved to Mumbai, where he founded the Vijay Khare Academy, a prominent acting school. Khare’s remarkable career spanned decades, with memorable performances in films like Raijzada (1976), Ganga Kinare Mora Gaon (1983), and Hamra Se Biyaah Karba (2003). His powerful on-screen presence and nuanced acting won him widespread acclaim from both fans and the film fraternity.

Corporate India has a new obsession: pickleball. What is it? Here's what I think it is. Several middle-aged men and women, too afraid of tennis, too busy for golf, decide they want to hit something that gives the illusion of running around without having to do so. It's the best answer to a 40-something's existential crisis, diverting thoughts of violence, divorce, and forcing an IB school on your second-born — probably named Amaiyrraah, with a silent h — onto your Bangalore housing society's newly constructed court, which was previously a 'Designated EV Charging Area to Come'. We won't delve into the armtwisting in the society group, where die-hard players posted YouTube videos showcasing how the sport was conquering America, thereby succeeding in the impossible: silencing the society chairman uncle who couldn't comprehend the passion, this 'non-sport' sport, and, by default, this India. The game is designed so cleverly that it is beyond embarrassment. Just the right amount of hip movement without needing an orthopaedic on standby. Across the boundary from childishness, but not quite, as an athlete would define it, sport.

While Lauritz Knudsen and Mumbai Indians have declined to comment on the financial details, the deal is estimated to be worth approximately ₹40 crore per year, totaling ₹120 crore over three years. This agreement surpasses the previous ₹30 crore-per-year deal that the franchise had with the fintech company Slice. Lauritz Knudsen, formerly known as L&T Switchgear and part of the Schneider Electric Group in India, aims to boost its visibility in the country through its association with the Mumbai Indians.

Healthcare sector in the country is witnessing a hiring surge, with 47 per cent employers planning to recruit staff in this segment, driven by advancements in telehealth and a growing focus on preventive care services, TeamLease EdTech said on Wednesday. The surge in healthcare sector hiring is led by Delhi and Chennai as these cities witnessed highest demand for critical roles in this space. Delhi (65 per cent), Bangalore (56 per cent) and Ahmedabad (48 per cent) have emerged as key hubs for Research Associate roles, which involve conducting medical research, supporting clinical trials, and managing data. According to the report, the aging population and the prevalence of chronic illnesses continue to highlight the need for continuous healthcare support and innovative treatments.

Bangalore-based startup shared their decision to turn down a lucrative job offer from a global tech giant. The post detailed the challenges and considerations behind the decision, offering a glimpse into the complexities of career choices and work freedom in the tech world. The professional, a Product Lead at the startup, revealed that they were offered a significant salary hike of Rs 36 LPA plus stock options after a rigorous interview process consisting of seven rounds, including a demanding design challenge. Despite the financial appeal, the individual identified key concerns during the interviews, such as the limited scope of the role, a rigid design system, a lack of innovation in the product, and signs of burnout among team members. These red flags led them to decline the offer, valuing creative freedom and ownership of their work over monetary gains. According to the individual, the startup environment where the professional is currently employed is intense and allows the individual to take charge of the entire design system and product experience. Although it often involves shipping features quickly and working long hours, including weekends, the level of autonomy and the opportunity to influence the product's direction was deemed more fulfilling than the constraints perceived in the corporate role.

shares of Property Share Investment REIT IPO will debut on the BSE platform on Monday. Ahead of the listing, the company's shares had no GMP in the grey market. The REIT IPO of Property Share Investment Trust was fully subscribed on the final day of bidding at 1.19 times at close.