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Fairfax India to get addl 10% stake in Bengaluru airport operator BIAL

Fairfax India Holdings will buy an additional 10 per cent stake in Bengaluru airport operator BIAL, hiking its overall shareholding to 74 per cent. Bangalore International Airport Ltd (BIAL) is a joint venture between Fairfax India, Airports Authority of India (AAI) and Karnataka State Industrial and Infrastructure Development Corporation Ltd. The latter two entities have 13 per cent stake each. "The transaction is expected to close in Q1 2025, upon which the additional 10 per cent equity interest in BIAL will be acquired by Fairfax India for, in aggregate, USD 255.0 million. The purchase price will be payable in three installments, with the initial installment to be paid on the closing date in Q1 2025," Fairfax India said in a release. The second and third installments are to be paid on or around August 31, 2025 and July 31, 2026, respectively. Fairfax India is acquiring the 10 per cent stake from Siemens Projects Ventures. "We would like to thank Siemens for the great partnershi

Chennai-based real estate firm DRA to expand footprint to Pune, Bengaluru

DRA is expecting its revenue to touch Rs 500 crore this financial year and has set a target of Rs 1,000 crore by 2026-27

Accel leads $2 mn funding for Swish to expand 10-minute food delivery

The funding aims to support the startup's expansion across Bengaluru and eventually into other Tier-1 cities, stated the company press release

Infinx sets up state-of-the-art centre in Madurai; aims to create 700 jobs

Infinx, which provides AI-driven solutions to healthcare providers, has set up a state-of-the-art delivery centre in Madurai, marking a significant milestone in the history of the company, a top official said. The facility in Madurai, is expected to create around 700 jobs over the next five years and would support the company's mission of optimising revenue cycle processes for US-based healthcare providers. The Madurai centre would leverage advanced AI and automation technologies to streamline revenue cycle operations for its customers, further solidifying the company's position as an industry leader, Infinx backed by global investment firms -- Norwest Venture Partners and KKR, said in a company statement on Sunday. Infinx facility in Madurai is in addition to the similar delivery centres in Mumbai, Bengaluru and Hyderabad. "The opening of our new delivery centre in Madurai marks a significant milestone in our journey towards transforming healthcare RCM (Revenue Cycle Management) .

Vice Prez Jagdeep Dhankhar meets former PM HD Deve Gowda in Bengaluru

Vice President Jagdeep Dhankhar on Saturday morning met former Prime Minister HD Deve Gowda, in Bengaluru.The meeting took place at the residence of HD Deve Gowda.No details of the meeting were provided.Upon his arrival, V-P Dhanker was received by Union Minister HD Kumaraswamy. The office of the latter also shared a few pictures of the meeting.On Friday, V-P Jagdeep Dhankhar and HD Devegowda participated in an engaging interaction with students of Adichunchanagiri University as part of the Samvada Induction Program in Karnataka's Mandya.In the session, the leaders shared their perspectives on critical national issues, focusing on strategies for fortifying the country and promoting the vision of Atmanirbhar Bharat (self-reliant India), said the HDK's Office.Their insightful discussion highlighted the importance of empowering the nation through sustainable growth and innovative development pathways, aiming to inspire the next generation of leaders.In a demonstration of their commitment

Woman claims ex-boyfriend tracked her via food delivery app in Bengaluru

In Bengaluru, a woman found out that her ex-boyfriend working for a food delivery service, had been using the app to track her location even after their relationship ended

Heavy rains cause waterlogging in Bengaluru; Oppn slams Siddaramaiah govt

Leader of Opposition posted a news paper report on the floods and questioned Deputy CM DK Shivakumar who is also the Bengaluru Development Minister

Bengaluru man attends meeting on laptop at Durga puja pandal, video viral

A video of a Bangalore man doing a client meeting with his phone and laptop while surrounded by people praying at a Durga Puja pandal went viral, sparking a debate

Bengaluru braces for a rainy week as IMD issues alert across Karnataka

Bengaluru weather: The IMD predicts heavy rains to continue throughout the week, with a generally cloudy sky expected between October 14 and October 17

Bengaluru holds 36% of GCCs, Hyderabad excels in high-tech at 45%: Report

Bengaluru remains the top hub for GCCs, while Hyderabad leads in high-tech, driving the nation's digital transformation

K'taka CM warns ruthless action against those creating religious divide

Following clashes between two groups, a few shops and vehicles were set on fire

Royal Orchid Hotels expects about 80% occupancy in Q3, Q4: Arjun Baljee

After enduring a low first quarter, Royal Orchid Hotels expects occupancy level to bounce back and reach around 80 per cent in the third and fourth quarters, according to company President Arjun Baljee. Various factors, including low business travels, heatwave and competition from international destinations like Thailand impacted occupancies in the first quarter. In the first quarter, the company, which operates 107 properties, had an overall occupancy level of 70 per cent. "We are very optimistic. We have seen in Q2 a nice little bounce back, and Q3 and Q4 the business on books actually looks really good," Baljee told PTI. Asked about the occupancy levels, he said,"This quarter will be in the mid to high 70s. Then we're looking at the early 80s, and let's say the mid-80s is where I think, Q3 and Q4 should end up." Reflecting on the Q1 performance, he said historically from an India perspective for 'business-centric' hotels, "Q1 is always the worst" due to a variety of reasons, ...

Renukaswamy murder: Police files chargesheet against accused Darshan, other

The Bengaluru Police on Wednesday filed a chargesheet against 17 accused in the Renukaswamy murder case, including Kannada actor Darshan Thoogudeepa. The case was investigated from all angles, Bengaluru Police Commissioner B Dayananda told reporters here. The 3991-page chargesheet, which includes 231 witness statements, was submitted to the 24th Additional Chief Metropolitan Magistrate court. Darshan along with his friend Pavithra Gowda and 15 others, who are accused in the case, are currently under judicial custody in different prisons in the state. According to police sources, 33-year-old Renukaswamy, a fan of the actor, had sent obscene messages to Gowda, which enraged Darshan, allegedly leading to his murder. His body was found near a stormwater drain next to an apartment in Sumanahalli here on June nine. Raghavendra, one of the accused who is part of Darshan's fan club in Chitradurga, had brought Renukaswamy to a shed in R R Nagar here, on the pretext that the actor wanted to

India business booming despite Western sanctions, says Russia's Sberbank

Sberbank's branch in India has offices in Delhi and Mumbai, as well as an IT centre in Bangalore

'Infant attrition' rising, accounts for 10-15% of labour movement: Report

Poor work-life balance, flexibility, and job dissatisfaction are leading to 4-5 per cent annual increase in 'infant attrition' -- employees quitting within six months of joining -- mainly in sectors like consumer durables, IT, and software, and BFSI, a senior executive of TeamLease Services said. "Infant attrition in India, mainly seen in the 22-32 years age group, is growing annually at 4-5 per cent and is mostly driven by factors like poor work-life balance and flexibility, which is particularly important to younger workers, job dissatisfaction, inadequate onboarding, insufficient compensation, making employees seek better opportunities," TeamLease Services Chief Strategy Officer Subburathinam P told PTI. Lack of career development opportunities, culture of the organisation, work environment, managerial impact, and changes happening in the family are also prompting new hires to leave in search of environments where they can grow and advance, he said. Infant attrition can also impl

"I stay in a rented house", Yoga Bar founder Sampath on 'The 1% Club Show'

Bengaluru-based entrepreneur Suhasini Sampath was recently interviewed by influencer Sharan Hegde on the "The 1% Club Show" podcast. Suhasini and her sister Anindita are the founders of Yoga Bar

Ola Electric's e-motorbike pricing sparks debate across EV industry

Industry views firm's approach as marketing tactic rather than a sustainable model

Farmers in India face income decline amid rising costs: Madhura Swaminathan

The professor advocated for raising subsidies to support a diversified food basket, necessary for achieving a balanced diet for the Indian population

Zepto elevates loyalty programme head Meel as chief business officer

A former IIM-Bangalore graduate, Meel has previously led special initiatives at Zomato and Jio as well