Page 3 - Bangalore

Fire dept identifies 240 rooftop restaurants in Bengaluru violating norms

Karnataka State Fire and Emergency Services Department has identified over 240 rooftop restaurants in the city which have allegedly violated fire safety norms and license rules, officials said on Sunday. These include bars, hookah bars and pubs, they said. Following a massive fire that broke out at a cafe in a multi-storied commercial building in the posh Koramangala area here early this month, the fire department started inspecting various such premises to check if the fire safety norms in these establishments were complied with. "Since the major fire incident at Koramangala, we started inspecting such rooftop establishments and so far till October 26, the fire department has identified 243 premises which have violated fire related safety norms and license rules," a senior fire official said. The inspection is being carried out on daily basis on working days from Monday to Friday. A complied list of all these establishments which have violated fire safety norms has been sent to th

Industrial & Logistics sector leasing to touch 5-year high in 2023: CBRE

In the July-September quarter, Chennai recorded the highest absorption of 2.1 msf followed by Bangalore and Mumbai

GATE 2024 registration deadline extended, apply without late fee

The deadline to apply for GATE 2024 registration is today on 12 October. The last date to apply for the engineering entrance test but with late fee is until 20 October 2023

Govt exempts 'Bangalore Rose' onion from export duty, subject to conditions

The government has exempted export of 'Bangalore Rose' onion from duty, subject to certain conditions. The Finance Ministry issued a notification granting exemption from export duty on Bangalore Rose onion provided that the exporter furnishes a certificate from the state horticulture commissioner, certifying the item and quantity of Bangalore Rose onion to be exported. In August, the government imposed a 40 per cent duty on export of all varieties of onions to increase domestic availability and check price rise in the local market.

Schools, colleges shut today in Bengaluru against Cauvery water release

On Tuesday, Bengaluru bandh was declared to protest against the Cauvery water release to Tamil Nadu through Karnataka. Bandh will create disruption in normal life in the capital city

Private transporters' observe bandh in Bengaluru, security beefed up

Owing to bandh, lakhs of private vehicles including autos, taxis, maxi cabs, goods vehicles and corporate buses would stay off the roads, officials of the Federation said

Exide Industries expects to regain pre-covid EBITDA margin in 1-2 years

Storage battery major 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. However, it will take another one to two years to get back to the pre-covid level of margin," Exide Industries MD and CEO Subir Chakraborty said. Speaking about the company's Rs 6,000 crore 12GW lithium-ion cell manufacturing plant near Bangalore, Chakraborty said it is progressing well. He said the company remains unperturbed about the emerging alternative technologies, given the growth of the storage battery market and that all technologies will be required. Commercial production in the Bangalore plant will begin in 2024-25, attracting an estimated capex of Rs 4,000 crore. Chakraborty said the company has received very .

Indian, Japanese scientists discover 600 million-year-old ancient ocean

The vast stretch of deposits was found by the team across a significant stretch of the western Kumaon Himalayas, expanding out from Amritpur to the Milam glacier, and Dehradun to the Gangotri glacier

Man in B'lore seeking flat asked for LinkedIn link and Class 12 marksheet

A LinkedIn user recently shocked social media users after he shared the screenshot of a conversation he had with his landlord, proving the struggles one has to go through to book a flat in Bengaluru

Nitish not angry, asserts JD(U) prez who accompanied him to Bengaluru

JD(U) president Rajiv Ranjan Singh 'Lalan', who accompanied Bihar Chief Minister Nitish Kumar on the trip to Bengaluru, on Wednesday strongly denied reports of the latter's displeasure with the way things went at the opposition meet. Talking to reporters here, Lalan described as "dushprachar" (canard) of the BJP-led NDA reports of Kumar being unhappy with the acronym 'INDIA' and going into a sulk over not being made convener of the new coalition. "This is all dushprachar and rumour mongering on the part of the NDA led by the country's honourable Prime Minister Narendra Modi. The name INDIA bore the stamp of approval from all leaders present at the opposition meet", said Lalan. About the speculations around Nitish Kumar being made the convener, the JD(U) chief said "This was not on the agenda of yesterday's meeting. It may be thought about when the next meeting takes place in Mumbai". He alleged that BJP leaders like former Deputy CM Sushil Kumar Modi who have claimed that Kumar ...

Opposition, NDA expected to set tone for 2024 Lok Sabha elections today

The meetings by the Opposition and the National Democratic Alliance (NDA) come as a show of strength from each side ahead of the Lok Sabha elections 2024

24 parties to attend 2nd Oppn Unity meet in Bengaluru on July 17-18

According to sources, eight new parties have extended their support to the Opposition parties' efforts to present a united front against BJP ahead of the 2024 Lok Sabha polls

Macrotech Developers sales bookings up 17% to Rs 3,350 cr in Apr-June qtr

Realty firm Macrotech Developers on Tuesday reported a 17 per cent growth in its sales bookings at Rs 3,350 crore in the first quarter of this fiscal year, mainly on better housing demand. Macrotech Developers, which sells properties under Lodha brand, had sold properties worth Rs 2,860 in the year-ago period. In a regulatory filing, Macrotech Developers informed that the company achieved its best-ever first quarter pre-sales performance at Rs 33.5 billion (Rs 3,350 crore) showing a growth of 17 per cent on a year-on-year basis. Macrotech Developers Ltd is one of the leading real estate developers in the country. It is developing real estate projects in Mumbai Metropolitan Region (MMR), Pune and Bengaluru.

REC to provide Rs 3,045 cr finance to Bangalore Metro Rail Corporation

State-owned REC Ltd will provide finance of Rs 3,045 crore to Bangalore Metro Rail Corporation to develop Phase-II project in Bengaluru. REC approved a proposal in this regard at a board meeting held on Saturday, a company statement said. Phase-II project comprises extension of two corridors of Phase-I and establishing 2 new lines from RV Road to Bommasandra and Kalena Agrahara to Nagawara. The project will enhance connectivity and ease traffic in the city. With completion of Phase-II (72.09 km), the combined network of Bangalore Metro will be 114.39 km, with 101 stations. REC is an NBFC focusing on power sector financing and development across India.

Nirmala Sitharaman's Daughter Parakala Vangamayi ties knot in Bengaluru

Parakala Vangamayi, the daughter of Indian FM Nirmala Sitharaman tied the knot with Pratik Doshi in a private ceremony in Bengaluru. No leaders of political parties were invited

Indian space tech firm designs chip to track school buses, weapons systems

A Bengaluru-based space technology company has unveiled an indigenously designed NavIC chip which can use India's own navigation satellite system to provide positioning services that have applications in civilian and defence sectors. The 12-nanometre chip can be fitted into a mobile phone or any handheld device and can receive signals from the Navigation with Indian Constellation (NavIC) or the Indian Regional Navigation Satellite System (IRNSS), the Global Positioning System of the US and the GLONASS constellation of Russia. Designed by the IIT-Kharagpur incubated Elena Geo Systems, the chip was on Thursday presented to Chief of Defence Staff Gen Anil Chauhan in the presence of Samir V Kamat, chairman of the Defence Research and Development Organisation (DRDO), and Chief of Air Staff Air Chief Marshal VR Chaudhari. Elena Geo Systems has entered into an agreement with a Taiwan-based chip manufacturer to ensure a steady supply of the NavIC chip. "We directly control the factory. ...

Bengaluru's Whitefield to see 8-10% growth in office rental: Report

Business hub that hosts famed companies will gain from metro connectivity, it says

Lupin Diagnostics launches regional reference laboratory in Bengaluru

After establishing a presence in Hyderabad, this launch expands footprint in South India

Rs 50k per month for 2bhk: Bangalore is now India's hottest rental market

Anarock's data shows rents in various Bangalore neighborhoods have jumped by double digits since 2019, echoing a wider surge across India's major cities

ED attaches assets worth Rs 5.21 cr in Bangalore mining case: Official

According to the officials, the assets attached are in the form of six immovable properties owned by the accused