BENGALURU DEVELOPERS
India's youth driving advances in AI, space & deep tech: PM Narendra Modi
Prime Minister Narendra Modi stated India's youth power technological advancements and economic growth. Young entrepreneurs are driving India's digital economy and creating new jobs. India is rapidly advancing in semiconductor manufacturing and artificial intelligence. The nation has significantly expanded its higher education infrastructure over recent years.
PM Modi launches South India's first chip plant
The outsourced semiconductor assembly and test (OSAT) facility at Tarluvada, being developed with South Korea's APACT as technology partner, will package and test chips for artificial intelligence, high-performance computing, data centres and high-speed communications.
CM Shivakumar urges PM to back Karnataka, says India's growth hinges on state's progress
Karnataka Chief Minister DK Shivakumar requested Prime Minister Narendra Modi for increased state support. He emphasized that India's progress must align with Karnataka's development and growth. The Chief Minister highlighted Karnataka's significant contributions to India's economic and technological advancement. He also paid tribute to Swami Vivekananda's teachings and ideals for youth empowerment. The state government is actively promoting youth engagement through various cultural and sports initiatives.
Bescom joins Bengaluru clean-up drive, begins shifting transformers from footpaths
BESCOM is relocating electrical infrastructure to clear footpaths as part of a citywide cleanup initiative. This effort aims to improve pedestrian safety and reclaim public spaces across Bengaluru. Damaged poles and transformers obstructing pathways are being removed or repositioned. Compact transformer units will replace some structures on major roads. The utility is also clearing vegetation and waste around its installations.
Realty company Assetz to take confidential route for IPO
Assetz, a Bengaluru developer, plans a Rs 1,200 crore initial public offering soon. The proposed IPO will combine fresh equity issuance and an offer for sale. JM Financial, BofA Securities India, and Motilal Oswal are lead managers. This confidential filing allows initial prospectus secrecy until advanced stages. Bengaluru's strong property market supports developer growth and project launches.
Apartment sales in Bengaluru rise 16% in Jan-Jun to 35K units, highest among top 7 cities: JLL
In a significant surge, Bengaluru and New Delhi led the charge with 35,017 apartment sales, spotlighting a robust Indian real estate landscape. The overall residential market noted a three percent rise, totaling 1,38,382 units. Notably, Bengaluru experienced a remarkable sixteen percent year-on-year sales increase, alongside a notable forty-one percent uptick in new flat supply, reflecting a growing demand for premium developments that promise long-term value.
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AISA student alleges assault over remarks on PM Modi; FIR filed, ABVP denies involvement
A student alleged assault by four unidentified men over remarks on Prime Minister Narendra Modi. Police registered a case and are investigating the incident which occurred on July 28. The All India Students' Association claimed the attackers were from the Akhil Bharatiya Vidyarthi Parishad. The Akhil Bharatiya Vidyarthi Parishad denied any involvement and called the allegations baseless. Authorities are working to identify and apprehend the individuals responsible for the attack.
Everything Sarvam AI announced at its Epoch Builder Edition
Sarvam AI launched new models and infrastructure tools at its Epoch Builder Edition event. The company plans to develop a trillion-parameter artificial intelligence model. New offerings include a text-to-speech system and a coding model. A developer platform will support AI applications in over ten Indian languages. Sarvam AI also announced plans for Sarvam Inference and a San Francisco office.
Sarvam lines up full-stack AI strategy to take on OpenAI, Anthropic
Sarvam is building a complete AI stack to challenge global leaders. Their large language models will offer Indian language support at lower prices. The company is also developing cyber capabilities and defense solutions for enterprises. Sarvam plans to establish data centers and forge strategic partnerships across India. This Indian AI firm aims for self-sufficiency while leveraging global advancements.
Embassy REIT Q1 revenue jumps 17% on strong GCC, AI leasing
Embassy Office Parks REIT posted 17% growth in Q1 revenue and net operating income, driven by robust leasing from Global Capability Centres and AI firms. The REIT declared a higher distribution, maintained strong occupancy and expanded its development and hospitality pipeline.
Karnataka tops Centre's Electronics Development Fund with 90 firms, 64% of total investments
Karnataka received the most from the Centre's Electronics Development Fund. The state's companies secured nearly two-thirds of total investments made. Telangana and Maharashtra followed as significant beneficiaries of the scheme. The fund invested in electronics and information technology startups and companies. These supported firms have collectively raised substantial capital and created intellectual property.
Drone startup SUIND raises Rs 20.5 crore from Transition VC, IIMA Ventures
Autonomous drone startup SUIND secured twenty point five crore rupees in funding. This capital will scale manufacturing and commercial deployment of their agriculture drone Bumblebee. The company will also accelerate development of their inspection drone WASP. SUIND's vision-first autonomy platform is designed for GPS-denied environments. India will remain the primary market and engineering hub for the company.
Vijayapura airport to become operational in three months: MB Patil
Vijayapura Airport is expected to become operational within three months. The Supreme Court has cleared the environmental clearance hurdle for the project. Remaining statutory approvals and inspections will determine the final commissioning timeline. The state government has invested over Rs 614 crore in developing this airport.
Karnataka: HC upholds judgment against NICE, calls infra project fit case for independent probe
The Karnataka High Court dismissed appeals by NICE and KIADB regarding the Bengaluru-Mysuru Infrastructure Corridor Project. A division bench upheld a single judge's ruling on the long-running dispute over land acquisition. The court found land acquired for public infrastructure was commercially exploited, violating the Framework Agreement. Thousands of landowners have remained without compensation for decades, the judges noted.
Karnataka discusses Takeda GCC expansion, innovation partnerships
Karnataka held discussions with Takeda Pharmaceutical leaders regarding their global capability center expansion. The talks focused on digital transformation, research, and product development within the company. The government highlighted Karnataka's strong biotechnology and medtech ecosystems for collaboration. Takeda's Bengaluru center supports global data and digital operations, including AI drug discovery. Karnataka will continue supporting Takeda's growth and strengthen digital technology partnerships.
Marvell Technology to invest $250 million in India, double headcount
Marvell Technology will invest $250 million in India over three years. The firm plans to double its India headcount and expand offices. This investment supports advanced semiconductor solutions for AI and cloud. It follows India's approval of a 1.28 trillion rupee semiconductor program. Global chip firms are expanding engineering operations amid AI demand.
JanAI shares roadmap to prepare India’s higher education system for an AI-driven economy
JanAI shared a draft report with NITI Aayog on preparing India's higher education for AI. The report examines shifts in higher education and generative AI adoption among students. It highlights gaps in assessment, faculty preparedness, and industry alignment for students. Recommendations include curriculum reforms and national AI capability frameworks for institutions. The initiative emphasizes strengthening human capabilities alongside technology adoption for future readiness.
Housing sales value rises 11% in H1; Bengaluru leads, NCR lags: Report
Housing sales value increased five percent year-on-year in June 2026. Bengaluru saw strong demand growth, while NCR experienced a sales value drop. Supply metrics showed moderation with fewer launches by value. Inventory levels remained stable nationwide, with Pune holding the leanest position. Developers should focus on mid-income segments to sustain sales momentum.
Bengaluru: Minister Gowda orders removal of Bescom obstructions on footpaths under 'Freedom from Waste' drive
Prompted by safety concerns, Bengaluru's minister has instructed Bescom to eliminate footpath hazards by August 1. The directive includes the removal of damaged poles and dangling wires that endanger pedestrians. Moreover, transformers infringing on pathways will be shifted to safer locations. Apartment complexes are required to transfer these transformers onto their property. This action is part of the city’s initiative known as 'Freedom from Waste'.
India's salary hotspots are no longer just the biggest metros
India's salary growth is becoming more geographically balanced, with Tier-2 cities such as Ahmedabad, Visakhapatnam, Nagpur and Jaipur recording projected increments close to leading metros, according to TeamLease's FY2026-27 Jobs and Salaries Primer. The shift reflects manufacturing expansion, industrial corridors and rising enterprise investments beyond traditional technology hubs.
Samsung to add India-specific AI features to next Galaxy phones as local R&D shapes product strategy
Samsung will introduce AI features tailored for Indian consumers in its upcoming Galaxy smartphone. India R&D centers are studying consumer personas to develop beneficial localized AI capabilities. An AI-powered bill payment reminder identifying recurring bills from emails is being developed. This initiative aims to differentiate Samsung's AI offerings beyond existing smartphone features. The company also plans to expand its Indian R&D centers for global technology contributions.
Radisson Hotel signs 10 new hotels from India's religious spots to tech hub Bengaluru
Radisson Hotel Group has signed 10 new hotels across seven Indian states, strengthening its India expansion strategy. The new properties span pilgrimage destinations, Bengaluru's business hubs, leisure markets and emerging cities under six brands, as the hotel company accelerates growth through upscale resorts, business hotels and asset-light conversion projects.
Investment platform Strata invests ₹96 crore in Chennai, Bengaluru residential projects
Strata invested ninety-six crore rupees in three residential projects across Chennai and Bengaluru. These investments target annual returns of about sixteen percent through coupon payouts. The Chennai investments support apartment and villa developments along the OMR corridor. Bengaluru saw thirty crore rupees invested in a plotted development near Devanahalli. These transactions highlight growing investor interest in private credit opportunities.
Delhi University internships 2026: DU announces paid internship and placement opportunities; check stipend, eligibility and last date
University of Delhi has opened applications for several internship and placement opportunities. Students can apply through the official DU website for various roles. Be Quotient, Planet 9X Technologies, and Internzvalley are offering these positions. Internships offer monthly stipends up to Rs 25,000 and one placement offers Rs 7.5 lakh. Applications are open until July 25 and July 29, 2026.
South India emerges as key hub for hospitality industry
The southern states of India are emerging as vibrant centers for hospitality and tourism, fueled by a surge in travel enthusiasm and supportive governmental policies. Major hotel brands are snapping up new locations, while the rise in experiential travel and special occasion gatherings encourages a desire for exceptional accommodations. This trend signifies a notable transformation in travel behavior and consumer desires.
Aster DM Quality Care to invest Rs 1,315 crore in Karnataka
Aster DM Quality Care will invest Rs 1,315 crore in Karnataka's healthcare infrastructure. This significant investment aims to strengthen the state's medical facilities and services. The company plans to develop new hospitals and expand existing ones in Bengaluru. These developments will enhance access to advanced tertiary and quaternary care. The commitment underscores Aster's long-term confidence in Karnataka's healthcare ecosystem.
CM Shivakumar reviews drought preparedness in central Karnataka, assures water availability
Karnataka Chief Minister D K Shivakumar reviewed the drought situation in Chitradurga. The state government shifted its development review meeting to address water shortages. Officials and public representatives discussed precautionary measures for affected districts. The Chief Minister assured farmers and the public of no water scarcity. The government is taking steps to manage the worsening drought conditions.
Karnataka eyes Rs 5.5 lakh crore in software exports, pitches long-term tech partnerships
Shivakumar said Bengaluru's biggest strength lies in its talent pool and innovation ecosystem, while Karnataka's Global Capability Centres (GCCs) have evolved from back offices into global hubs for innovation, product development and high-value engineering. He added that Bengaluru continues to lead India's office market absorption.
Prestige Group acquires 2.35-acre land in Mumbai's Mulund
The transaction was executed through Prestige Mulund Realty Pvt Ltd, which acquired the property from Shamvik Glasstech Pvt Ltd and General Glass Company Pvt Ltd. The deal was registered on July 16, with the buyer paying stamp duty of Rs 6.64 crore, according to property registration documents accessed through CRE Matrix, realty data analytics platform.
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