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Brihaspathi Technologies Limited raises USD 10 million, secures Maharashtra State Road Transport Corporation project, and announces IPO plans

StartupTalky

StartupTalky · 2m ago

Brihaspathi Technologies Limited raises USD 10 million, secures Maharashtra State Road Transport Corporation project, and announces IPO plans

Brihaspathi Technologies Limited, based in Hyderabad, has raised $10 million from foreign investors to expand its AI surveillance and security solutions, including a new CCTV manufacturing facility. The company secured a major Maharashtra State Road Transport Corporation project and plans an IPO next fiscal year. Known for deploying over 1.2 million CCTVs in India, Brihaspathi anticipates 30% revenue growth, driven by rising demand for integrated security solutions across various sectors.

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MSRTC to Launch 'Chhava Ride' App for Booking rides

StartupTalky

StartupTalky · 22d ago

MSRTC to Launch 'Chhava Ride' App for Booking rides

The Maharashtra State Road Transport Corporation (MSRTC) is set to launch "Chhava Ride," an aggregator-based app that enables booking for buses, autorickshaws, taxis, and e-buses. This digital initiative is expected to generate new revenue for MSRTC while providing efficient service to passengers. The move comes amid government crackdowns on unlicensed private transport aggregators and new regulatory challenges for existing platforms like Ola and Uber, aiming to ensure fair practices and compliance.

Bandra beckons: Adani Realty plots its most ambitious luxury build

Livemint

Livemint · 1m ago

Bandra beckons: Adani Realty plots its most ambitious luxury build

Adani Realty is set to launch its largest luxury residential project in Mumbai, located in the prime Bandra Reclamation area along the Bandra-Worli Sea Link. The project is currently in the design and planning stages and will span 20 acres owned by the Maharashtra State Road Development Corporation. This development highlights Adani Realty's rapid expansion in Mumbai through redevelopment projects and acquisitions.

'We have to build extensive public transport to make our cities liveable': Zoho's Sridhar Vembu

IndianStartupNews

IndianStartupNews · 1m ago

'We have to build extensive public transport to make our cities liveable': Zoho's Sridhar Vembu

Zoho’s Sridhar Vembu advocates for enhanced public transport in India’s dense cities, comparing them to Singapore, which limits private car ownership through an expensive Certificate of Entitlement system. Vembu emphasizes public transport's importance in making cities livable and critiqued a road project benefiting private vehicle owners. His comments sparked discussions on public transport infrastructure and incentives. Users echoed the need for improved public transport systems, citing last-mile connectivity and financial constraints of state transport corporations.

Karnataka: KSRTC terminates contract with private firm for cargo business

Money Control

Money Control · 12m ago

Karnataka: KSRTC terminates contract with private firm for cargo business

The Karnataka State Road Transport Corporation (KSRTC) has terminated its contract with the private firm it had partnered with for its cargo business. The contract, which was signed in 2020 with Bengaluru-based Strategic Outsourcing Services, was terminated due to user complaints and commission issues. KSRTC will now directly run the cargo business to save on commission payments. The agreement included the provision of space for parcel counters at bus stands across the state. KSRTC had hoped to earn Rs 100 crore annually from cargo operations, but was only earning Rs 25 crore.

Maharashtra Sets Up Cyber Command Centre To Curb Cybercrimes

Inc42 · 10m ago

Maharashtra Sets Up Cyber Command Centre To Curb Cybercrimes

- Maharashtra Cyber Project: India's first state-level cyber command centre - INR 837 Cr investment: Maharashtra Cyber Project funding - 150+ cybercrime experts: Dedicated team working 24/7 - Complaint registration and resolution: Timely assistance for cybercrime victims - Rising cyber attacks: Response to the increasing wave of cyber threats in Maharashtra and India.

NTPC Green Energy launches JV with Maharashtra State Power ahead of stock market debut tomorrow | Company Business News

Livemint

Livemint · 9m ago

NTPC Green Energy launches JV with Maharashtra State Power ahead of stock market debut tomorrow | Company Business News

NTPC Green Energy Limited has formed a joint venture with Maharashtra State Power Generation Company Limited to develop, operate and maintain renewable energy parks in Maharashtra. The joint venture, named Mahagenco NTPC Green Energy Private Limited, will focus on developing renewable energy projects in the state. NTPC Green Energy is a wholly-owned subsidiary of NTPC Ltd, while MAHAGENCO is owned by the Government of Maharashtra. The announcement comes ahead of the listing of NTPC Green Energy's IPO, scheduled for November 27.

Transport Ministry introduces new clause for bike taxis amid Karnataka ban

YourStory

YourStory · 1m ago

Transport Ministry introduces new clause for bike taxis amid Karnataka ban

The Ministry of Road Transport and Highways has introduced new clauses to the Motor Vehicles Aggregator Guidelines 2020 to allow state governments to permit bike taxis using non-transport motorcycles. This comes amid the Karnataka ban on bike taxis, affecting aggregators like Rapido, Uber, and Ola. The ban has increased traffic congestion and fares. The new guidelines aim to enhance shared mobility, benefiting underserved areas, but don't lift the current ban. State adoption is essential for implementation.

Bengaluru’s BMTC extends NICE road bus services, adds new routes, Rs 1,400 monthly pass, and weekend package tour

Economic Times

Economic Times · 2m ago

Bengaluru’s BMTC extends NICE road bus services, adds new routes, Rs 1,400 monthly pass, and weekend package tour

The Bengaluru Metropolitan Transport Corporation (BMTC) has expanded its network, adding five new routes to its express bus services on NICE Road, including routes like Majestic to Attibele and Banashankari TTMC to Devanahalli. BMTC also launched a monthly pass for Rs 1,400, allowing unlimited travel on ordinary services. Additionally, a new weekend package tour to the Ghati-Isha Foundation is available, providing city residents with various transport options for commuting and getaways.

Centre Mandates Fixed EV Targets For Ride Hailing Aggregators

Inc42 · 1m ago

Centre Mandates Fixed EV Targets For Ride Hailing Aggregators

The Indian government has mandated fixed electric vehicle (EV) targets for ride-hailing aggregators, with regulations determined by a governmental organization or the state government. This directive is part of the Motor Vehicle Aggregator Guidelines (MVAG) 2025, set forth by the Ministry of Road Transport and Highways. Additionally, the transport authority suggested that aggregators consider non-commercial motorcycles for rides.

Maharashtra minister announces red carpet for MSMEs, startups

Economic Times

Economic Times · 1y ago

Maharashtra minister announces red carpet for MSMEs, startups

Maharashtra is aiming to transform Mumbai into a global fintech hub, providing support to small businesses, startups, and MSMEs. The state government plans to offer the same treatment to these projects as it does to ultra mega projects. Maharashtra has a significant number of fintech startups, making it an ideal location for such initiatives. Fintech adoption in India is high, with the country receiving a notable portion of global fintech funding. The state government also supports startups through grants, incubation centers, and procurement support.

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