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Bengaluru's Infrastructure Challenges and the Path to Sustainable Growth
Business Bytes
·
1y ago
Medial
Bengaluru, known as India's Silicon Valley, has been attracting investors due to its bustling business ecosystem and skilled workforce. However, the city's infrastructure challenges, such as traffic congestion and power outages, are impacting its growth potential. The government of Karnataka has been investing in infrastructure development to address these issues and make Bengaluru more attractive to investors. Emphasizing sustainability is also important, including promoting renewable energy, green transportation, and efficient waste management. By tackling infrastructure challenges and prioritizing sustainability, Bengaluru can continue to thrive as a technology and innovation hub.
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Motorsport needs PPPs for a long drive in India: Executives
Economic Times
·
1m ago
Medial
Motorsport in India shows potential but requires strong public-private partnerships for sustainable growth, according to industry executives. Despite hosting marquee events like Formula One (F1) and MotoGP, India faces regulatory and taxation challenges. Public support, policy frameworks, and viewing motorsport as a viable career path are crucial. Investments from companies like JK Tyre and government backing, as seen with the Uttar Pradesh MotoGP deal, can help advance the motorsport industry, boosting tourism and infrastructure development.
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Rapido eyeing food delivery ops pilot in Bengaluru by next week - The Economic Times
Economic Times
·
1m ago
Medial
Rapido plans to pilot its food delivery service, Ownly, in Bengaluru's Koramangala, HSR, and Sarjapur areas, targeting ten cities by next July. The company aims to undercut competitors Zomato and Swiggy on commissions, collaborating with restaurants for data access and pricing strategies. Rapido intends to focus on sustainable growth and early learnings, offering lower commissions and unique pricing, while facing industry challenges regarding costs and competition from established players.
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Namma Yatri turns city-level Ebdita positive in core markets; launches welfare fund for drivers - The Economic Times
Economic Times
·
1m ago
Medial
Bengaluru's Namma Yatri ride-hailing platform has achieved profitability in key markets, facilitating over 10 crore rides and generating significant earnings for its drivers. The company has introduced a driver welfare trust, allocating 2% of its revenue to aid drivers who meet specific ride targets. Namma Yatri plans to expand services and is focusing on digitizing public transport in Bengaluru, Chennai, and Kolkata for sustainable growth.
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Giva earns Rs 165 Cr revenue, loses 45 Cr in FY23
Entrackr
·
1y ago
Medial
Jewellery startup GIVA reported a revenue of Rs 165 crore in FY23, a significant increase from Rs 84 crore in FY22. Despite the growth in revenue, the company's losses also increased, resulting in a 2.4X surge from FY22 to reach Rs 45 crore in FY23. GIVA's expenses, particularly in marketing and employee benefits, played a role in the increased losses. The company faces challenges in attracting customers, particularly in the affordable jewellery segment. The upcoming fiscal year will determine if GIVA can find a sustainable path to recovery.
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Bengaluru's Peenya industrial region is now a hotbed for manufacturing startups
Money Control
·
2y ago
Medial
Bengaluru's Peenya Industrial Region emerges as a thriving hub for manufacturing startups. The area's ecosystem attracts numerous startups due to its established industrial infrastructure, access to skilled labor, and proximity to suppliers. Peenya's transformation into a manufacturing startup hotspot underscores its appeal as a conducive environment for innovative ventures and contributes to the growth of the startup ecosystem.
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Reliance Infra share price - Reliance Infra shares jumped 20% in 3 days; is more steam left? - Reliance Infra shares jumped 20% in 3 days; is more steam left? BusinessToday
Business Today
·
5m ago
Medial
Reliance Infrastructure recently witnessed a significant stock price increase, rising 20% over the past three trading days. Despite facing considerable financial challenges due to high operational expenses, debt obligations, declining revenues, and profitability, the company sees potential for growth through strategic partnerships and project completions. For sustainable long-term growth, profitability and debt reduction are crucial. The stock experiences strong resistance around Rs 250, with potential upward movement to Rs 280-290 and support at Rs 220-230.
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Bengaluru suffering, says Piyush Goyal; comment unwarranted, retorts Patil
Economic Times
·
10m ago
Medial
Industries & Infrastructure Minister MB Patil expressed dissatisfaction with Union Commerce & Industries Minister Piyush Goyal's comment about aspiring to have India's own Silicon Valley, suggesting that Bengaluru is already fulfilling that role. Patil argued that Bengaluru has a well-established technology and startup ecosystem. Goyal later clarified his statements, mentioning the challenges faced by Bengaluru due to the state government's lack of logistics support and infrastructure. The ministers engaged in a social media dispute over the topic. Patil emphasized Bengaluru's significance as a hub for India's knowledge ecosystem, while Goyal suggested developing an industrial township in Tumakuru as an alternative.
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Green Startups: Powering A Sustainable Future
Inc42
·
1y ago
Medial
The Indian startup ecosystem is witnessing a rise in green startups that focus on sustainability in sectors like renewable energy, waste management, and eco-friendly transportation. These startups are also seeking green finance, which prioritizes environmental, social, and governance (ESG) criteria. Sustainable transportation startups are working on electric vehicles (EVs), charging infrastructure, and shared mobility services. Agritech startups are promoting sustainable farming practices through technologies for precision agriculture and organic farming. While these startups face challenges, including funding constraints and regulatory hurdles, government initiatives and collaborations offer support for their growth and impact.
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'Bangalore was a sleepy town': Gurugram entrepreneur says migrants made Bengaluru, netizens ask “ever heard of Kempegowda?”
Economic Times
·
1m ago
Medial
A Gurugram entrepreneur sparked online debate after lauding Mumbai, Bengaluru, and Gurugram as migrant-built cities, calling them cosmopolitan. While praising urban growth, he noted Bengaluru's IT transformation and Delhi's startup boom due to migrants. However, Bengalureans disputed this, highlighting the city's historical industrial and scientific contributions and early planning by Kempegowda. The comment reflects growing tension over migrants overshadowing local contributions amid infrastructure strains and overcrowding concerns in Bengaluru.
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Nikhil Kamath's WTFund and UnboxingBLR launch Rs 10 lakh grants to tackle Bengaluru's urban challenges
Economic Times
·
9m ago
Medial
WTFund and UnboxingBLR Foundation have joined forces to launch the Namma Bengaluru Challenge. The initiative aims to support entrepreneurs, startups, and community organizations working on sustainable solutions for Bengaluru's urban challenges. Five selected projects will receive a grant of Rs 10 lakh each, based on criteria such as innovation, impact, feasibility, scalability, and commitment. Interested participants can apply through UnboxingBLR's website, submitting a form and a short video introducing themselves and their solutions. The top five applicants will also have the opportunity to present their ideas at the Futures Conference at BLR Hubba in November-December 2024.
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