INDIA
Why Bengaluru Metro's Blue Line needs to be fast-tracked to ease tech capital’s traffic woes
The Bengaluru Metro is planning to open Blue Line in three phases between Sept 2026 and December 2027. City's ORR and Airport users - frustrated by traffic jams, potholes, and flooding - are complaining that the city cannot afford further delays.
BUSINESS
Former Gameskraft CFO diverted company funds to F&O trading, incurring Rs 250 crore losses, FIR says
The real-money gaming firm has filed a police complaint against former CFO Ramesh Prabhu for allegedly siphoning funds over nearly five years
INDIA
Bengaluru Metro cites Karnataka's financial strain for recent fare revisions of up to 71 percent
Bangalore Metro Rail Corporation (BMRCL) released the Fare Fixation Committee (FFC) report on September 11, seven months after raising fares, making its rides costliest in the country.
INDIA
Bengaluru Metro releases fare fixation report seven months after up to 71% hike
BMRCL, which raised fares by up to 71 percent, had earlier withheld the fare fixation report even under RTI. The report shows 51 percent public opposed, 27 percent supported a 'reasonable' hike, while others sought passes and concessions.
INDIA
After China's CRRC, Bengaluru Metro may turn to BEML for extra Yellow Line trains to ease rush
Yellow Line (RV Road-Bommasandra), which connects tech hub Electronics City, is witnessing a surge in ridership but has only four trains, resulting in a 19-minute frequency.
INDIA
Eyeing semiconductor growth, Karnataka to channel Cauvery, Yettinahole water to industrial areas near Bengaluru
Karnataka Industrial Areas Development Board (KIADB) has floated tenders in six packages with a three-year deadline to supply fresh water to 18 industrial areas around Bengaluru
BUSINESS
Oracle begins India job cuts, targeting cloud and financial services teams
These cuts have so far happened across Oracle Cloud Infrastructure (OCI) and Oracle Financial Services Software (OFSS) divisions, impacting hundreds of employees.
INDIA
Bengaluru suburban rail: K-RIDE may re-tender two corridors after standoff with L&T
Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) sources told Moneycontrol that a decision will be taken in the next board meeting within 15 days
INDIA
Karnataka to set up 3 'global competency centres' on emerging tech
Mysuru, Koppal and Kalaburagi will host new multi-skill centres aimed at training 37,500 youths over the next five years, Government Tool Room and Training Centre (GTTC) officials have said
INDIA
Beyond Bengaluru: Karnataka to set up second bioinnovation centre in Ballari
This will be the second state-funded bioincubator in Karnataka after the flagship centre in Electronics City, Bengaluru
INDIA
From BBMP to GBA: Will it make Bengaluru great again?
Deputy CM and Bengaluru development minister DK Shivakumar say five new city corporations under the Greater Bengaluru Authority will enhance administration and offer citizen-friendly services. But critics argue the state government is centralising power and weakening local governance.
INDIA
Bengaluru’s urban railway upgrade to connect key tech corridors on slow track
Byappanahalli-Hosur and Yeswantpur-Channasandra track doubling projects, along with Cantonment–Whitefield quadrupling, aimed at running more trains and improving services in Bengaluru, have missed multiple deadlines.
BUSINESS
State-run BEML has plans to make Tunnel Boring Machines to cut dependence on China
State-run BEML has recently invited Expression of Interest for design consultancy to develop indigenous Tunnel Boring Machines.
BUSINESS
Bike taxi row: Rapido turns interim facilitator of two-wheeler mobility in Karnataka, won't earn profit
In a letter seen by Moneycontrol, Roppen Transportation, which runs Rapido, has told state transport department it has voluntarily adopted a temporary model limited to lead generation for bike taxis and will not be earning any profit.
BUSINESS
Karnataka bike taxis: Rapido rolls out ‘Bike Direct’, Uber and Ola halt services again
The Karnataka High Court on August 22 clarified that it had not passed an order allowing bike-taxi aggregators to operate and that the state was free to act, without harassing bike owners
BUSINESS
Karnataka to use AI platform to monitor schemes worth over Rs 100 crore
The Karnataka Monitoring and Evaluation Authority is tasked with evaluating schemes with an outlay of over Rs 100 crore
INDIA
Bengaluru water board to deploy AI-powered robotic solution to plug pipeline leakages, floats tender
Bangalore Water Supply and Sewerage Board (BWSSB) will deploy AI-powered miniature robots to patrol water pipes, detect leaks, and carry out repairs.
BUSINESS
After two months, Rapido and Uber resume bike taxi services in Karnataka
Bike taxi services were banned in Karnataka since June 16. Moneycontrol on August 21 found that Rapido and Uber were showing bike taxi options and accepting bookings.
INDIA
After rolling out guarantees, Karnataka to hire consultant for ‘innovative capital funding’ in five departments
The move comes amidst the CAG warning that Karnataka’s five poll guarantees are straining resources, widening deficits and adding to debt.
INDIA
Nearly a year after unveiling, first Vande Bharat sleeper train yet to start passenger service
Unveiled in September 2024, the first Vande Bharat sleeper train manufactured by BEML is yet to commence passenger services, reportedly due to quality issues.
INDIA
Akasa Air plane hit by ground-handling equipment at Bengaluru airport
An Akasa Air spokesperson told Moneycontrol there were no passengers or employees near the aircraft at the time of the incident. The aircraft is undergoing an inspection and the incident is under investigation
INDIA
19 km, 32 minutes: First-hand account of Bengaluru Metro’s RV Road–Bommasandra ride
Moneycontrol boarded the first ride on Bengaluru Metro’s Yellow Line, which began commercial operations on August 11, a day after PM Modi inaugurated the corridor connecting the tech hub of Electronics City.
BUSINESS
PM Modi inaugurates Yellow Line; Bengaluru Metro’s network expands to 96 km
PM Modi also laid the foundation stone of Bengaluru Metro Phase 3 project worth Rs 15,610 crore and flagged off three Vande Bharat trains from KSR Bengaluru City railway station
INDIA
Bengaluru Metro’s Yellow Line: 19-km RV Road–Bommasandra ride likely to cost Rs 60
Bengaluru Metro Rail Corporation Limited (BMRCL) is planning to operate trains at 25-minute frequency with stoppages at all stations. The maximum fare from Purple and Green Lines to Yellow Line is Rs 90.
