User: meerak Topic: all-bengaluru
Category: Bengaluru business
2 new since Dec 05 2016 13:59 IST RSS 2.0
 
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Citizens fear Aadhaar details may be misused 4.12.2016 TOI: Bangalore Times
The scene is replicated in Pai Lay out, east Bengaluru, where digital printing shops are filling up forms for Rs 150 along with photocopies of documents.
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Mantri Square greets its 100 millionth customer 4.12.2016 Sify Finance
[India], Dec 4 (ANI-NewsVoir): Mantri Square, Malleshwaram, Bangalore's one stop entertainment and shopping destination greeted its 100 millionth visitor thereby reaching another historic milestone
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Tyre burst: Jet plane makes emergency landing at Hyderabad; passengers safe 4.12.2016 News
The aircraft remained struck at the runway, forcing the airport authorities to shut operations for a brief period.
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Rs 30 lakh unaccounted cash seized in 2 separate incidents in Bengaluru, three held 4.12.2016 Latest News
In a similar case, two persons were arrested from near a private hospital at Hebbal for illegally carrying Rs 18 lakh in cash
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Forex dealers at sea over Rs 50,000 withdrawal cap 3.12.2016 deccanherald.com
The decline in the number of tourists visiting Bengaluru and now, the post-demonetisation withdrawal cap of Rs 50,000 per week, have added to the woes of Forex (foreign exchange) dealers in the city. They fear that the impact will be worse by the next month as tourists will spread word about the cash crunch when they return to their respective countries. "Post-demonetisation, we are finding it difficult to sustain our business. There is a 80% drop in business. The government has imposed the withdrawal limit of Rs 50,000 per week from current account, which is like peanuts for our business. It is hardly $500 to $600," a forex dealer said. On November 10, the withdrawal limit was Rs 24,000. Luckily, the government has increased it to Rs 50,000, he said. "We are forced to pay customers by cheque or online. We can convince domestic customers, but how about foreign tourists who don't have an account in India," the dealer questioned. Another dealer admitted that over 90% of their business had been ...
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Land worth Rs 40 crore reclaimed in Anekal taluk 3.12.2016 deccanherald.com
Bengaluru Urban district authorities on Saturday bulldozed several structures of a holiday resort running illegally on a lake land in Anekal taluk. According to Anekal tahsildar Asha Parveen, Meenakshi Resort, spread across 25 acres of land, had encroached upon one acre and 21 guntas of land in Nanjapura village of Jigani hobli. She said the land belongs to Sanjay Goel of Haryana, which Vajra Kumar Jain had taken on a monthly rent of Rs 9 lakh to run the resort. Lake land encroached Parveen said, "The resort (in survey number 27 of Nanjapura) did not have any approach road. So the owner of the land encroached the lake land and developed a road on it. We demolished the boundary wall of the resort and took possession of it." She said the entire resort was operating illegally since running a business on agricultural land is not permitted. A report will be sent to the deputy commissioner to initiate action against the owner of the property. Action at other places Around 15 acres of government land was also ...
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Impact of demonetisation on party politics in Karnataka 3.12.2016 Hindu: News
The demonetisation of high-value currency has no doubt had an impact on all sections of the population, leave alone trade and business, and in Karnataka, this is expected to impact party politics as ...
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Rs 30 lakh unaccounted cash seized in Bengaluru, three held 3.12.2016 All News-IANS Stories
About Rs 30 lakh unaccounted cash was seized on Saturday at two places in the city and three persons were arrested for holding it without documentary proof, police said.
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Jet flight lands under emergency condition at Hyderabad Airport 3.12.2016 ET: Transportation
Jet Airways flight from Kolkata carrying around 136 passengers onboard landed under emergency condition at the Hyderabad airport today.
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Rs 30 lakh unaccounted cash seized in Bengaluru, three held 3.12.2016 New Kerala: Karnataka
Rs 30 lakh unaccounted cash seized in Bengaluru, three held
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Tussle over autonomy takes its toll on Nalanda's dream 3.12.2016 Latest News
Six years after its foundation, the university is far from achieving its potential and is now staring at a leadership vacuum
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Jet Airways' proposed gateway in Singapore to link Europe with Asia-Pacific 3.12.2016 Latest News
Jet Airways is following a network policy independent of Etihad Airways, which bought a 24% stake in Jet in 2013
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Bigbasket plans to triple revenues 3.12.2016 Deccan Herald - Business
Bigbasket, the online grocer which claims to have three million repeat customers, expects to triple its revenues to Rs 2,000 crore by March 2017. In a release issued as part of its fifth anniversary on Saturday, Bigbasket co-founder and CEO Hari Menon said a combination of customer focus, operational excellence and advanced technology set us apart from the rest. "In the past year alone we have seen over 300% growth and continue to grow by 10% on a month-on-month basis," said Menon. Grocery retailer Bigbasket, founded by a team of five - V S Sudhakar, Hari Menon, Vipul Parekh, V S Ramesh and Abhinay Choudhari on December 3, 2011— is on its path to become India's number one grocery retailer in the next three to four years. The Bengaluru-based company has expanded its operations to 30 cities and has 17 collection centres. Its private labels contribute to 35% of the total sales. Bigbasket's average monthly customer spend has grown from Rs 500 - 800 in December 2011 to over Rs 2,500 in 2016. The ...
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Dragonair's full fleet to become 'Cathay Dragon' 3.12.2016 Deccan Herald - Business
The Cathay Pacific Group -- which unveiled its subsidiary airline Dragonair rebranded as 'Cathay Dragon' last month, as part of a mammoth rebranding strategy announced early this year -- has said that it would accomplish rebranding the carrier's entire fleet by 2021. Talking to DH, Cathay Pacific Airways Regional Sales and Marketing Manager (South Asia) Rajesh Menon said, "Of the total 42 aircraft in Dragonair's fleet, currently, we have four aircraft ready with the new livery and branding in Hong Kong (one A330 and three A320s). The entire fleet will be completely rebranded by 2021." The airline boasts of an all-Airbus fleet comprising 15 A320s, eight A321s, and 19 A330s. As part of the overall physical rebranding, Cathay Dragon's new logo and livery is very similar to that of Hong Kong flag carrier Cathay Pacific, with its planes featuring the Cathay-style brushwing logo on their tail. Also, uniform designs for ground staff and cabin crew have been changed, while pilots will get new wing badges. Both ...
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Global Sparenparts eyes Rs 150 cr biz by March 2018 3.12.2016 Deccan Herald - Business
Delhi-based Global Sparenparts, an ecommerce platform for industrial spares and parts, aims to reach Rs 150 crore business by March 2018, by organising supply chain system and by offering at competitive price. Once GST is implemented, it will be a big boost to the organised market, a top executive said. Global Sparenparts co-founder Dinesh Kumar Agrawal said, "The company has classified industrial products into 24 main categories, from over 800 brands and over five million products. This assortment will aid in easy 'searching and buying' to industries." Established in 2015, it is one of the leading industrial spare parts consolidators and suppliers in India. "Currently, we are catering to manufacturing industries and heavy vehicles only, as passenger vehicles have their own supply system or maintenance system, it is difficult to get into that market," Agrawal added. "We launched our operation in July 2016. Our average turnover is around Rs 50-60 lakh per month, and by March 2017, we are expecting to ...
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CleanMax Solar commits Rs 1,200 cr for Karnataka 3.12.2016 Deccan Herald - Business
CleanMax Solar, a leading rooftop solution provider and engineering, procurement and construction (EPC) company, has said that it will invest Rs 1,200 crore over a period of two years ending 2018, in Karnataka. In an interaction with DH, CleanMax Solar South India Business Development Head Andrew Hines said the company will set up a solar farm with a total capacity of 200 mW. "Besides rooftop solar plant, we are present in supplying power from a solar farm to the grid. With a progressive policy of Karnataka, we are planning a long-term investment of producing 200 mW," he said. CleanMax has commissioned 30 mW solar farm in Tumakuru district in March 2016. "Our second farm is expected to come up in March, and that will be another 50 to 60 mW. Karnataka solar policy provides some sort of incentives for solar plants, set up until March 2018. Under that window we are looking to set up a plant of approximately 200 mW," he said. Hines said each mega watt will have a capex investment of Rs 6 crore and so the ...
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SAIL apprises Bengaluru technocrats 3.12.2016 Deccan Herald - Business
Steel Authority of India's (SAIL) Central Marketing Organisation (CMO) held a seminar on the theme 'New Challenges in Steel Designs & Construction' in Bengaluru to apprise the technocrats.

The seminar was organised at CMO's Branch Sales Office which was attended by 23 technocrats, structural engineers and structural designers from different organisations.

"Informing industrial designers and customers about new products and their potential application areas is a concurrent activity in all market-driven companies. Since the beginning of this financial year, SAIL's Central Marketing Organisation (CMO) has been holding a series of technical presentations to create awareness about the new products that are being made available from SAIL's new rolling mills installed at Durgapur, IISCO, Rourkela and Bokaro Steel Plants as part of the company's recent modernisation programme," a release said.
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OnePlus unveils new phone, to start manufacturing in India 3.12.2016 Deccan Herald - Business
Amidst a gathering of an enthusaistic OnePlus community in Bengaluru on Saturday, the company launched its OnePlus 3T, which offers key hardware and software updates on the OnePlus 3. The phone, priced at Rs 29,999, will hit the market through ecommerce portal Amazon on December 14. While OnePlus currently undertakes all its production activities in China, the company will soon manufacture in India, OnePlus India General Manager Vikas Agarwal said. "By the next quarter, we will be producing a batch of the OnePlus 3T from India," he said. While the company is yet to disclose details, the GM mentioned that it will enter into contracts to start manufacturing in India. "OnePlus has been able to gather a market share of 18% in India. This is the outcome of building a good relationship with the user. As a participant in the premium smartphone category, OnePlus has a loyal fan base of technology enthusiasts, who swear by the overall experience and value for money propositions of OnePlus." OnePlus Founder and ...
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Teabox to triple production capacity by March 3.12.2016 Deccan Herald - Business
Teabox, a global direct-to-consumer tea company, is looking at tripling its production capacity to 12,000 tea bags per day by March 2017, from the current capacity of 4,000 tea bags per day. The company has recently launched TeaPacs, individually packaged tea bags sealed at the source using a natural nitrogen flush that keeps tea fresh. Speaking to DH, Kaushal Dugar, founder and CEO of Teabox said, "TeaPacs offers the highest quality loose-leaf teas from Teabox's premium collection in a more convenient, on-the-go option, without compromising on flavour or freshness. We want to ensure that every cup of tea consumed is the freshest in the world, but we know that not everyone has time to steep loose leaf. So, we have created TeaPacs that anyone can enjoy anywhere and anytime." Dugar pointed out that Teabox is the world's first company to use a natural nitrogen flush in the beverage market, a technique most commonly used in packaging food items, including potato chips. This innovative approach creates a ...
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India lacks laws to protect customers of digital transactions: Experts 3.12.2016 Latest News
As the govt pushes for a cash-less economy after it withdrew Rs 500 and Rs 1,000 currency notes as legal tender
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