Colliers reports that GCC leasing has jumped from 4.6 million square feet in 2021 and is expected to hit 10.6 million square feet by 2025 -- a clear sign that multinationals see Bengaluru as a long-term base.
Karnataka Chief Minister Siddaramaiah announced reservation for Muslims in supplying goods and services up to a value of Rs 1 crore to various government departments, corporations and institutions in the state budget for 2025-26. The budget also increased the value limit of government contracts in which Muslims can avail reservation to Rs 2 crore. The reservation to Muslims under 2B category is in addition to the Scheduled Caste, Scheduled Tribe, and Castes coming under Category-1, Category-2A. The budget also included various welfare schemes for minorities, including Rs 50,000 to support simple marriages and Rs 1,000 crore under the Chief Minister's Minority Colony Development Programme.
A court in Bengaluru on Tuesday rejected the bail plea of former Karnataka minister Katta Subramanaya Naidu filed on health grounds but permitted the land scam accused to undergo treatment in any hospital in the country.
The Mangalore Special Economic Zone Limited (MSEZL) is facing stiff opposition from the landholders who are resisting acquisition of their lands.
The Karnataka high court on Monday granted bail to former minister Katta Subramanya Naidu, who was arrested in connection with the Karnataka Industrial Area Development Board land scam.
This is the first time that the company has acquired land on its own without seeking the assistance of the state government's land acquisition agency, Karnataka Industrial Area Development Board.
The company will move ahead with plans to have second campus on Sarjapur Road.
The company had signed a memorandum of understanding with the state government to set up the plant at an investment of Rs 30,000 crore (Rs 300 billion).
Members of the National Cricket Academy's sub-committee were in for a rude shock when it was intimated that the Board of Control for Cricket in India lost a whopping Rs 50 crore on a dubious land deal and is now mulling initiating criminal proceedings against those involved in the mess.
The Supreme Court might have refused to grant him relief but a defiant N Srinivasan is expected to attempt a comeback as BCCI President after being forced to step aside, when the Board officials gather for the final Working Committee meeting before next month's AGM in Kolkata on Sunday.
State government says Infosys is Karnataka's baby and it will give the company full support to stay in the IT Park.
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