INTEL BENGALURU OFFICE
Bengaluru turning Rajasthan? Water crisis to worsen situation in Karnataka that's already India's second-largest arid region
Bengaluru's tech prowess is overshadowed by a severe water crisis. The city's infrastructure strain, political promises, and ongoing projects like Cauvery V stage underscore the critical need for sustainable water management in the bustling tech hub.
India looks for new Bengalurus as its Silicon Valley goes downhill
Bengaluru's severe water crisis and traffic congestion are prompting tech giants to consider relocating from the $245 billion IT hub. The city's civic challenges may impact India's IT industry landscape, compelling companies to explore emerging cities.
No formal letter from state govt yet on US consulate in Bengaluru, says MP Tejasvi Surya
Bengaluru South MP Tejasvi Surya stated that the state government has not yet offered a plot of land in Bengaluru to the US Foreign office for establishing a consulate. Despite IT/BT Minister Priyank Kharge's statement offering support, there has been no written communication from the government to US authorities. Last year, White House officials indicated the establishment of a US Consulate in Bengaluru, which would benefit the city's techies and students.
Karnataka IT Minister promises support for US Consulate office in Bengaluru
Large number of students and technology workers from Bengaluru visit the US on a regular basis, the minister said while interacting with delegates of the US Trade Mission. He urged the US Foreign office to speed up setting up a consulate in Bengaluru to facilitate quick processing of their visa and other applications.
Bengaluru Tech Summit | Supply ecosystem biggest gap in Indian semiconductor industry: industry execs
Industry executives weighed in on challenges and an absence of a supply and manufacturing ecosystem for semiconductors, at the Bengaluru Tech Summit.
Namma Yatri to start charging Bengaluru auto drivers; SoftBank’s Arm set for year’s biggest IPO
Bengaluru’s Namma Yatri autodrivers won’t have a free ride anymore. The ride-hailing app, launched by a city autorickshaw union late last year to counter Uber and Ola, has announced subscription fees for drivers from September 1.
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US chipmaker AMD to invest $400 million in India by 2028
Advanced Micro Devices (AMD) plans to build its largest design centre in Bengaluru and invest around $400m in India over the next five years. The centre is expected to open by year-end and create 3,000 engineering jobs in India over five years. It will increase AMD's footprint in India from nine locations to ten, where the chipmaker already employs more than 6,500 people.
Intel to sell Bengaluru office and lease it back
The deal, expected to exceed ₹450 crore, is anticipated to follow a sales-cum-lease model for three years, with a one-year lock-in period for the asset, said multiple people familiar with the matter. Several well-known builders actively participated in the bidding process for this highly sought-after property, said two persons, adding that the deal is expected to be concluded in the near future.
Intel India head Nivruti Rai resigns
“Intel India country head and VP of Intel Foundry Services, Nivruti Rai, is departing Intel after 29 years with the company. We are grateful to Nivruti for the tremendous progress Intel India has made under her leadership,” Intel said in a statement.
US plans Consulate office in Bengaluru, big relief to techies, students
The Bengaluru consulate will prove to be a boon for the city's techies and students in getting the US visas faster, said BJP MP Tejasvi Surya. “As India’s fastest growing city and IT powerhouse with thousands of international companies, it was a long pending ask. This will help lakhs of Kannadigas and our city,” he tweeted.
Tatas line up over Rs 7,600 crore to fund its electronics business
Tata Electronics has raised more than ₹7,600 crore through a combination of capital infusion and secured loans, according to filings with the Registrar of Companies. Last year, parent firm Tata Sons invested more than ₹608 crore in its greenfield electronic component and contract manufacturing business. The funding, which taken alongside the secured loans, follows an authorised share capital of ₹2,000 crore and paid-up capital of ₹1,820 crore.
View: What Rahul Gandhi’s rare win over Prime Minister Modi means for the general elections in 2024
The Indian state election victory for Rahul Gandhi’s Congress party in Karnataka has revived the group's hopes of overthrowing Prime Minister Narendra Modi in next year’s national election. However, Congress still has a challenging path ahead, as the next five state assembly elections are set to take place largely in the BJP-controlled regions of the north and west. The win in Karnataka was significant as it was the only southern state the BJP had managed to capture. Modi put in several visits to the state during the campaign, attacking Gandhi for his royal dynasty heritage.
Rents double in India’s Silicon Valley Bengaluru as engineers fight for flats
Landlords in the city, often referred to as India’s Silicon Valley, now charge the highest proportion of their property’s value as rent, edging out financial center Mumbai, according to data from market researchers.
HCL Tech aims to double semiconducter biz in four years; group needs two years to build fab
HCL Group is among the companies that have applied to set up electronic chip plants under the "Scheme for Compound Semiconductors" and HCL Technologies will assist HCL Corporate in end-to-end processing of chips.
Karnataka CM Basavaraj Bommai makes strong pitch for US consulate in Bengaluru
Karnataka CM Basavaraj Bommai conveyed this demand when US Ambassador in India Elizebeth Jones and Consul General in Chennai Zudith Revin met him in Bengaluru.
Intel chairman Omar Ishrak steps down
Omar Ishrak had stepped down and the chipmaker appointed board director Frank Yeary as his replacement.
BLR Metaport: Passengers can now experience Bengaluru airport's terminal 2 in Metaverse
This has made BLR Airport's T2 one of the first terminals in the world that can be experienced on the metaverse, stated BIAL. The Metaport has been built in collaboration with Amazon Web Services (AWS) and Polygon. It offers an immersive, three-dimensional (3D) virtual experience of the newly launched Terminal 2 at BLR Airport.
It's raining again in Bengaluru: Netizens posts sorry images as city gets flooded again
The heavy rains in Bengaluru last month caused massive flooding across the city, crippling the city's infrastructure. Several areas in the IT city were submerged, including the Mahadevapura zone, Sarjapur area and Bellandur that have the maximum offices of tech behemoths.
Indian sellers well-placed for success in US, Canada: Walmart's Michelle Mi
The entrepreneurship spirit of Indian sellers is very strong and with great strengths in the products in terms of quality, Indian sellers have a good chance to build success in the US and Canada marketplace, Michelle Mi, VP, Emerging Markets and Business Development, Global Sourcing, Walmart told ET.
Traffic, water shortages, now floods: the slow death of India's tech hub?
Last week, after the city's heaviest rains in decades, the Yemalur neighbourhood was submerged under waist-deep water along with some other parts of Bengaluru, disrupting the southern metropolis' IT industry and dealing a blow to its reputation. Residents fed up with gridlocked traffic and water shortages during the dry season have long complained about the city's infrastructure.
Bengaluru: Traffic jams, water shortages, poor infra & now floods. Is India's silicon valley dying?
Bengaluru's residents have long complained about gridlocked traffic, water shortages, lack of infrastructure and poor urban planning but the recent massive flood has dealt a deadly blow to Bengaluru's reputation. Bengaluru's untrammelled expansion led to encroachment of wetlands and flood-plains. Concrete replaced green spaces, limiting the city's capacity to absorb water.
Google to allow fantasy gaming apps in India pilot; strike hits Dunzo Daily ops in Bengaluru
Google said on Thursday it is conducting a pilot to allow the distribution of Indian-made daily fantasy sports (DFS) and rummy apps on the Play Store in India.
Flood-hit MNCs, tech firms in Bengaluru now plan to buy boats for emergencies
According to a ToI report, a US-based leading global financial services in the ORR area has already procured inflatable rubber boat. The company used it to rescue over 100 employees and their families during the recent flooding. ORR area, a cluster of chrome-and-glass towers, has offices of international firms like Microsoft, Intel, Goldman Sachs and Morgan Stanley.
Zomato Instant in extended pilot mode, Bengaluru startups face rain havoc
“There are a bunch of areas we are making progress. Some of the larger sticky points may take a little more time...specially when a matter is sub-judice…that also has an impact on how fast we can move on it.” The Competition Commission of India (CCI) is examining complaints made by National Restaurants Association of India (NRAI) alleging “unfair pricing practices” by aggregators.
Embassy OfficeParks REIT leases office space to Nokia
According to sources in the market, Nokia has a presence in the business park for around a decacde and had a portion of its lease agreement getting expired. “The renewal will see Nokia paying a rent of around Rs 95 per sq ft instead of Rs 68 earlier. The deal includes a ten years lock-in from the date of renewal,” said one of the source.
IT companies on Bengaluru’s outer ring road asked to extend WFH till December 2022
The Outer Ring Road is the most prominent office cluster in the city consisting of business parks such as Manyata Embassy Tech Park, Cessna Business Park, Embassy Tech Village, RMZ Ecoworld and Prestige Tech Park, housing companies such as Flipkart, JP Morgan, ANZ, Cisco, Intel, IBM, Accenture, Goldman Sachs, Microsoft, Samsung, and Dell EMC.
Chief Minister BS Yediyurappa seeks United States consul office in Bengaluru
The chief minister placed his request at a video call he had with US Consul General in Chennai Judith Ravin. The chief minister said out of the 100 US companies operating in India, about 90 firms including the leading technology firms such as Cisco, IBM, Intel, GE, HP, and Oracle have a significant presence in Bengaluru.
Office space: Tech MNCs stepping up demand in Bengaluru
Companies like Google, Intel, Amazon, Microsoft, ANSR India and Accenture have either leased or are in talks with local builders to occupy over 6 mn sqft of office space in Bengaluru to consolidate or accommodate their expansion plans.
Extensive security measures in Karnataka following intel input
There was intelligence input that a group of terrorists was planning to create terror and panic in the country, the sources said.
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