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Last month, Kavin Bharti Mittal had stated plans of exiting India to focus on International markets such as the United States, United Kingdom, and Australia.
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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.
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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.
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Rush, a casual RMG platform from Kavin Bharti Mittal's Hike, now intends to focus entirely on the United States and other global markets like the United Kingdom, Canada, and Australia.
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Launched in 2012, Hike quickly became popular among young users with fun stickers, private chats, offline SMS, and even news updates.
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While the hike in ticket prices from July 1 will help the Indian Railways take a big step towards its ambitious 2025-26 target, it is still likely to struggle to meet its goals without a substantial increase in passenger traffic.
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Facing backlash, Karnataka has halved the fee hike to 50 percent but many in the industry say the increase is still steep and may force them to move out
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This development comes at a time when insurers have been reporting escalating loss ratios
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While the state government has proposed an increase in minimum wages, industries are not enthused, saying it could force them to shut down or shift to other states. Trade unions, on the other hand, say the hike is imperative.
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As per data released by the Union Ministry of Statistics & Programme Implementation, inflation based on Consumer Price Index was at 4.49% in Karnataka, in February 2025 -- above the national average of 3.61%.
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Carpooling firms like QuickRide, QuicReach, GoPool, and BlaBlaCar are looking at increasing their market share as commuters seek cheaper options amid rising travel costs.
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Bangalore Water Supply and Sewerage Board (BWSSB) to implement 3 percent annual hike in water tariff from April 1 each year
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The tax rate will rise to 21.17 percent from April 1, increasing the price by Rs 2 to Rs 91.02
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Karnataka Milk Federation (KMF) has attributed the hike to rising production costs and higher input expenses.
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Unions remain divided over the fare hike, with some fearing it could drive passengers away from auto-rickshaws
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BMRCL says the fare hike, the first since 2017, is inevitable, and the additional revenue will be used to improve last-mile connectivity by adding more feeder buses through viability gap funding to BMTC, as well as introducing shared auto-rickshaws.
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E Sreedharan, also known as the 'Metro Man' and former MD of Delhi Metro, advised BMRCL to focus on non-farebox revenue, timely project completion, and the identification of routes based on profitability rather than political pressure
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The steep hike in fares, making Bengaluru Metro the costliest in the country, has triggered public outrage
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Congress and BJP continue to blame each other for the Metro fare hike, with members of both parties staging separate protests
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Both BJP and Congress blame each other for the fare hike, which has made Bengaluru Metro the costliest in the country
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Congress and BJP continue the blame-game as passengers protest massive fare hike that is hitting short-distance commuters hardest.
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BMRCL officials told Moneycontrol that they are now reviewing anomalies in the fare structure after several passengers complained that Metro fares have nearly doubled on some stages
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While Bengaluru Metro’s maximum fare has surged by nearly 50 percent to a steep Rs 90, Kolkata Metro, operated by Indian Railways, remains the most affordable in the country.
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BMRCL has also decided that 5 percent discount will be provided only to smart card users and not to QR code passengers. It has also increased the minimum balance required in the smart card from Rs 50 to Rs 90
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Many passengers have switched to UPI to tackle change-related issues after the bus fare hike came into effect on January 5.
