Tag: Bengaluru

Congress takes dig at Narendra Modi over Aero India, accuses him of taking credit for event started in 1996

NEW DELHI: Taking a swipe at Prime Minister Narendra Modi, the Congress on Monday said ”the man in fancy dress” has claimed credit for Aero India when the truth is that it started in 1996 and is held in Bengaluru because of the presence of organisations there tracing their origins to the Nehruvian era. The […]

India’s Defence Secretary meets delegations from Saudi Arabia, USA and Oman

NEW DELHI: India’s Defence Secretary Giridhar Aramane held bilateral meetings on 12 February 2023 with three defence delegations on the sidelines of Aero India 2023 at Bengaluru. Defence Secretary met Engr Turki Saad, General Manager Industrial Relations, Kingdom of Saudi Arabia, and discussed a number of bilateral defence cooperation issues. A US delegation led by […]

Narendra Modi inaugurates Aero India 2023 in India’s Bengaluru

NEW DELHI: Prime Minister Narendra Modi inaugurated the 14th edition of Asia’s biggest aero show – Aero India 2023 – at Air Force Station, Yelahanka in Bengaluru on February 13, 2023. A commemorative stamp was also released by the Prime Minister on the occasion. The five-day event, on the theme ‘The runway to a billion […]

Finance and Central Bank Deputies meeting under India’s G20 Presidency to be held in Bengaluru

NEW DELHI: The first G20 Finance and Central Bank Deputies (FCBD) meeting is scheduled to be held during 13-15 December 2022 in Bengaluru. This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by the Ministry of Finance and the Reserve Bank […]

Godrej Properties acquires 7-acres land parcel in Bengaluru’s Indiranagar extension

NEW DELHI: Godrej Properties Ltd. (GPL),one of India’s leading real estate developers, today announced that it has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar and is close to the Old Airport Road and within the Outer Ring Road limits. Spread across approximately 7-acres, the project is estimated to […]

Akasa Air to start services to Guwahati, Agartala from Bengaluru

NEW DELHI: Newly-launched Akasa Air on Monday said it will commence its flight services to the northeast with the addition of Agartala (Tripura) and Guwahati (Assam) from October 21. As part of this expansion, the airline will connect the two north-eastern destinations, which will be its seventh and eighth, respectively, with Bengaluru, Akasa Air said […]

India to expand Public Electric Vehicle Charging Infrastructure across the nation

NEW DELHI: The Ministry of Power recently issued the revised consolidated Guidelines and Standards for EV charging infrastructure on January 14, 2022. The Government of India has undertaken multiple initiatives to promote the manufacturing and adoption of electric vehicles in the country. With the considerable expansion in the public EV charging infrastructure, the electric vehicles […]

Embassy REIT raises Rs 2,600 crore via debentures to refinance existing debt

NEW DELHI: Embassy Office Parks REIT on Friday said it has raised Rs 2,600 crore through issue of non-convertible debentures to refinance an existing debt of its IT park ‘Embassy TechVillage’ in Bengaluru. In a regulatory filing at BSE, the company said it has “successfully priced and allotted by way of a private placement, Rs […]

First Covishield consignment leaves Serum Institute for 13 locations

NEW DELHI: A decisive phase in India’s fight against coronavirus began in the wee hours on Tuesday as the first consignment of Covishield vaccines left Serum Institute of India for Pune airport, four days ahead of the nationwide inoculation drive launch. Three temperature-controlled trucks rolled out of the Serum Institute gates shortly before 5 am […]

Overall sales now trending very close to usual times, says D-Mart

NEW DELHI: Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times, though the consumption changes post COVID-19 still persists. Lesser trips and higher basket values continue to be the norm and products such as apparel, laundry, […]

Embassy REIT raises Rs 3,680 crore to fund acquisition of Embassy Tech Village

NEW DELHI:Embassy Office Parks REIT has raised Rs 3,680 crore (USD 501 million) through sale of units to institutional investors and will use this amount to partly fund its acquisition of IT park ”Embassy TechVillage” in Bengaluru. Embassy REIT is India”s first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group. It […]

Prestige Group to invest Rs 2,000 crore on 4 new housing projects in Bengaluru, Hyderabad and Goa

NEW DELHI: Realty firm Prestige Estates Projects Ltd will develop four new housing projects in Bengaluru, Goa and Hyderabad with an investment of nearly Rs 2,000 crore amid recovery in demand for residential properties. The Bengaluru-based company will develop nearly 3,400 housing units in these four projects over the next three and half years. “We […]

Embassy REIT to acquire business park in Bengaluru for Rs 9,782 crore

NEW DELHI :Embassy Office Parks REIT on Tuesday said it has agreed to acquire a large business park ”Embassy TechVillage” in Bengaluru from realty firm Embassy group, Blackstone and some other investors for Rs 9,782.4 crore. Embassy REIT is India”s first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group. It got […]

Prestige, Brigade group partner to build mall, hotel project in Bengaluru

NEW DELHI: Realty firm Prestige Estates Projects Ltd has partnered with Brigade group to jointly develop a commercial project, comprising a shopping mall and a hotel, in Bengaluru at an estimated construction cost of around Rs 500 crore. The two leading developers have jointly taken a 7.5-acre land on a 99-year lease located at Old […]

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