User: Jake Topic: Urban Investment
Category: Bangalore
Last updated: Feb 23 2018 18:16 IST RSS 2.0
 
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Is Whitefield future perfect? 23.2.2018 Hindu: Religion
This locality is plagued by mobility-related problems, but two ongoing projects promise to redeem the situation. By Liffy Thomas
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More people, less jobs: where is sustainability in master plan? 23.2.2018 Citizen Matters
With residential areas increasing and commercial areas decreasing in the master plan, there is no real plan to make Bengaluru sustainable. Insights from a citizen. »
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Defence Industrial Corridor to boost UP's growth: Sitharaman 22.2.2018 General News
Minister of Defence Nirmala Sitaraman on Thursday said low cost of land and low wage rate with adequate supply of manpower will provide an impetus to the proposed Rs 20,000-crore Defence Industrial Corridor, which Prime Minister Narendra Modi announced for Bundelkhand on Wednesday.
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CtrlS opens data centre in Bengaluru with 0% downtime 22.2.2018 General News
Leading remote IT infrastructure management firm CtrlS (Control S) Datacenters Ltd on Thursday opened an advanced data centre in this tech hub to offer mission-critical operations to internet, banking, insurance and other corporates with zero per cent downtime.
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UP Defence Corridor: No point in blind imports, says Nirmala 22.2.2018 General News
Pitching for developing local defence production, Union Minister Nirmala Sitharaman today said the country has been "blindly buying" from abroad instead of using its own facilities which can help reduce the import bill. India is the world's third largest buyer of arms and equipment but in the absence of a good plan to reduce imports through local production, 13 armament factories are in "this state of affairs", the defence minister said while stressing the need for reviving these units. She made these comments a day after Prime Minister Narendra Modi announced the setting up of a Defence Industrial Corridor in Uttar Pradesh. "Instead of using our own production facilities, we are blindly buying from abroad. Prime Minister is of the view...mobilise and activate these units, and link the private sector with them, so that there is a reduction in the import bill," she said. Addressing the plenary session on the second day of the Investors Summit 2018, she said the Corridor is proposed ..
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Shriram Properties looking at stressed assets in real estate 21.2.2018 General News
Bengaluru-based Shriram Properties is looking at stressed assets in the real estate sector as part of its growth plans, besides interests in affordable and mid-housing projects, a company official said. The company was in the process of setting up an integrated township project--Shriram Grand City--near the metropolis on 314 acres of land, which belonged to the now-closed Hindustan Motors at Uttarpara in Hooghly district. MD of Shriram Properties M Murali today said the company was eager for buy-out of stressed assets in real estate, especially in the southern states of India. Shriram Grand City, which would have 25,000 units upon completion of the entire project, is the largest project of the company in a single location. He said that 1,200 units out of a total of 2,348 had been sold out in the first phase, to be built at a cost of Rs 650 crore. Shriram has also tied up for a school project with Sri Sri Academy inside the township.
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BIAL partners with Ace Turtle to digitise travel retail 20.2.2018 General News
Bengaluru International Airport Limited (BIAL) will soon enable an airport omni-channel commerce experience for travelers at the Kempegowda International Airport, Bengaluru.In order to facilitate and enable a seamless online/offline commerce experience for passengers, BIAL partnered with Ace Turtle, an omni-channel platform company, for passengers to buy online or in the air and pick-up, ship or deliver to the destination of their choice.With passenger traffic at the Bengaluru Airport growing significantly, the airport continues to be one of the busiest in the country. The focus of the digital transformation for BIAL is to improve the traveler's journey, create new revenue opportunities and realise operational efficiencies through an agile approach for BIAL and its business partners.As a part of this development, passengers will be able to avail 'Click and Collect' services, whereby they can pre-book food from the airport app or website and collect the order at the restaurants/food ...
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News Live: Rakesh Jhunjhunwala-backed John Energy files Rs 350cr IPO papers 19.2.2018 Money Control: Business News
News Live: Rakesh Jhunjhunwala-backed John Energy files Rs 350cr IPO papers This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
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'The PM will have to answer questions about Nirav Modi' 18.2.2018 Rediff: Interviews
With months to go for the Karnataka assembly elections, the man in the hot seat, Chief Minister Siddaramaiah says he'll make billionaire jeweller Nirav Modi and the Punjab National Bank scam an issue in the upcoming Karnataka elections . In an interview to CNN-News18's Deepa Balakrishnan, the CM also says that Hindutva is not a campaign issue in the state.
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Will Make PNB Scam a Poll Issue, PM Modi Will Have to Answer on Nirav Modi: Siddaramaiah 18.2.2018 Top Politics News- News18.com
Months before elections, Karnataka CM Siddaramaiah says corporate scams, not Hindutva will be a campaign issue.
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Cycle rental service launched in Sanjay Nagar 17.2.2018 Citizen Matters
After launching 'Walk to School' programme, now Sanjay Nagar has climbed one more step, by enabling cycling infrastructure and rental service. ...
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Karnataka Budget 2018-19: Some positive steps, but still prioritises mowing vehicles over people 17.2.2018 Deccan Herald - Breaking News Rss Feeds
This year's state budget appears to have continued the trend of focussing on road widening and flyover construction. An amount of Rs. 440 Crore has been earmarked for constructing 12 overbridges and underbridges to create four signal-free corridors in the city spanning 51.36 km. While such measures are thought to reduce congestion, they provide relief only in the short run, and are likely to have an opposite effect within the first few years of operation; as improving the capacity of roads soon causes similar increases in utilisation of such roads, negating the effects of such capacity enhance
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Mahindra Electric to invest additional Rs 400 cr at Karnataka plant 16.2.2018 Money Control: Business News
Mahindra Electric to invest additional Rs 400 cr at Karnataka plant The plant currently has a manufacturing capacity to roll out 5,000 units per annum.
What's in the budget for city's fitness buffs? 16.2.2018 Deccan Herald - Supplements
The Karnataka government has announced in its budget on Friday a public bicycle system for Bengaluru. Thats good news, yes, but will the idea work? The government is entrusting the job of creating and running the network to the BBMP. Previous attempts to promote cycling in Bengaluru have failed. Dedicated cycle lanes are used for parking cars. Jayanagar provides a prime example of how cycle lanes arent serving their purpose. Rohan Kini, founder of Bums on the Saddle, has mixed feelings about the governments announcement. "Cycling infrastructure is critical to kicking off cycling as a lifestyle. Everything depends on the execution," he says. If done well, with proper investments and cycling community involvement, he expects it to be a game changer. Kini says existing cycle lanes have failed to build a cycling network, "but they definitely gave cycling a lot of mindspace and talking space." Fitness buffs welcome the yoga centres planned for Bengaluru. The centres will be named after actor and yoga ...
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Rs 2,500 crore budgetary fund for Bengaluru infra 16.2.2018 General News
Karnataka Chief Minister Siddaramaiah on Friday announced Rs 2,500 crore budgetary fund for 2018-19 for Bengaluru's infrastructure development, including work on distressed lakes and roads.
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Mahindra Electric to invest additional Rs 400 cr at Karnataka plant 16.2.2018 General News
Mahindra Electric, a part of diversified Mahindra group, today said it plans to invest additional Rs 400 crore at its Karnataka facility over the next five years to ramp up capacity as well as set up testing infrastructure for batteries. The company has already invested Rs 600 crore in the facility since 2010. "We plan to invest Rs 400 crore in Karnataka over the next five years to increase capacity to 20,000 units per annum," Mahindra Electric CEO Mahesh Babu told PTI. He said that the capital would be deployed to upgrade skill development at the company's facility near Bengaluru. The plant currently has a manufacturing capacity to roll out 5,000 units per annum. The facility rolls out E20 plus as well as electric kits which get installed at Mahindra vehicles at company's other facilities as well. Mahindra also manufactures other electric models like E-Verito and E-Supro. Karnataka government is initiating an electric mobility awareness campaign in the state from tomorrow. Mahindra ..
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Zoomcar raises $40 mn from Mahindra; to add 500 E20s to its fleet 16.2.2018 Top Stories
Zoomcar and Mahindra will work closely on electric charging infrastructure to further expand the use cases for EVs
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Reliance Communications shareholders approve asset sale plan 16.2.2018 General News
REUTERS - Debt-laden Reliance Communications Ltd said on Friday its shareholders approved its asset sale plan, under which the telecoms carrier would sell its wireless assets to Reliance Jio Infocomm Ltd .
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Bengaluru to get first electric vehicle charging point on Saturday 14.2.2018 deccanherald.com

The city is all set to get an electric car charging point with the inauguration of the facility on Brigade Road on Saturday.

The project is being funded by the Centres Fame India Scheme, which aims to promote electric mobility in select Indian cities.

The policy document states: "A total fund of not more than Rs 105 crore will be provided to each select city in the current FY 2017-18 for heavy electric vehicles and cars. Additional Rs 15 crore will be provided for charging infrastructure."

An official from the Department of Commerce and Industries said, "The charging point will be maintained by Bescom and the land will be provided by BBMP."

Mahendra Jain, additional chief secretary, urban development department, told DH, "This project is the part of Karnataka Electric Vehicle & Energy Storage Policy 2017. More electric vehicle charging points will be introduced in the city in the coming days."

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City to get first electric vehicle charging point on Saturday 14.2.2018 deccanherald.com

The city is all set to get an electric car charging point with the inauguration of the facility on Brigade Road on Saturday.

The project is being funded by the Centres Fame India Scheme, which aims to promote electric mobility in select Indian cities.

The policy document states: "A total fund of not more than Rs 105 crore will be provided to each select city in the current FY 2017-18 for heavy electric vehicles and cars. Additional Rs 15 crore will be provided for charging infrastructure."

An official from the Department of Commerce and Industries said, "The charging point will be maintained by Bescom and the land will be provided by BBMP."

Mahendra Jain, additional chief secretary, urban development department, told DH, "This project is the part of Karnataka Electric Vehicle & Energy Storage Policy 2017. More electric vehicle charging points will be introduced in the city in the coming days."

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