KARNATAKA JOB
Karnataka losing out in manufacturing race; CXO churn in startups
New-age companies are choosing to set up manufacturing facilities in neighboring states like Maharashtra and Tamil Nadu, bypassing Karnataka. More on this in today's ETtech Morning Dispatch.
How Bengaluru's IT professionals could benefit from proposed Hosur airport
Proposed Hosur International Airport gains support for boosting regional development and creating job opportunities along the Tamil Nadu-Karnataka border. The proposed international airport in Hosur aims to benefit Bengaluru's IT corridor and Electronics City, alleviating the long commute to Kempegowda International Airport. Tamil Nadu Chief Minister M.K. Stalin announced the airport will handle 30 million passengers annually, boosting the socio-economic development of Hosur and neighboring districts.
Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms
Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.
Karnataka Industries Minister Patil blames Bommai govt for losing Ather EV project to Maharashtra
Bellad emphasizes the necessity of a leadership change to restore Karnataka's reputation as an investment-friendly state, calling for a shift towards concrete actions and results to attract investments.
Kalaburagi airport in Karnataka gets bomb threat
Kalaburagi Police Commissioner Chethan R told PTI that the Airport Director received an email from an anonymous ID this morning claiming that a bomb was planted inside the airport premises.
Who is Suraj Revanna? Here's all you need to know about the charges against him
Suraj Revanna, a Karnataka MLC and member of the prominent Revanna family, was arrested on sexual assault charges. The charges stem from a complaint by a party worker alleging abuse at Revanna's farmhouse. Revanna denied the accusations, claiming extortion attempts. The case adds to the ongoing controversies surrounding the Revanna family, including the recent arrest of his brother, Prajwal Revanna.
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Prajwal Revanna's brother Suraj arrested over alleged sexual assault of JD(S) party worker
Suraj Revanna, grandson of former PM H.D. Deve Gowda, was arrested under IPC Section 377 for allegedly sodomizing a party worker. His brother, Prajwal Revanna, is in police custody for multiple sexual assault allegations. Suraj denied the charges, claiming extortion. Their parents, H.D. Revanna and Bhavani, are out on bail for allegedly kidnapping an assault victim of Prajwal.
Case against Prajwal Revanna's brother Suraj Revanna over alleged sexual assault
A case has been filed against Janata Dal (Secular) MLC Suraj Revanna, son of HD Revanna, for alleged sexual assault. The complainant, a party worker, accused Suraj of assaulting him at his farmhouse on June 16. The FIR includes charges of voluntary carnal intercourse against the order of nature, wrongful confinement, and criminal intimidation. The complainant alleged threats and bribery attempts from Suraj's close aide. This follows the arrest of Suraj's brother, Prajwal Revanna, for separate sexual assault allegations during the 2024 Lok Sabha elections.
Zepto’s mega fundraise; Oyo funding gets shareholder nod
Quick commerce company Zepto has raised $665 million from new and existing investors. This and more on today’s ETtech Top 5.
Formal job creation under EPFO at 72-month high in April at 1.89 million
Provisional payroll data, released by the ministry of labour and employment on Thursday, shows new formal job created under EPFO was 31.3% higher than 1.44 million net members added to EPFO in March 2024, attributing the surge in membership to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFO's outreach programs.
Ather's Maha plans: BJP leader urges CM Siddaramaiah to persuade firm to invest in Karnataka
BJP MLA Arvind Bellad urged Karnataka government to persuade Ather Energy to set up its plant in Dharwad district, expressing disappointment over the company choosing Aurangabad for investment.
Police doing a good job, no need for CBI probe into Renukaswamy murder case: Home Minister Amit Shah
Karnataka Home Minister G Parameshwara stated that there was no necessity to transfer the Renukaswamy murder case to the CBI, emphasizing that the police were conducting a thorough investigation without yielding to any pressures. Parameshwara met with the victim's family and expressed condolences over the tragic incident in Bengaluru, where Renukaswamy was tortured and killed on June 8.
Infosys announces sops for employees open to transfer to Hubballi campus
Sources aware of the matter told ET, that the policy seeks to encourage employees hailing from Mumbai-Karnataka to explore the opportunity in their home region. This will also help the company put the infrastructure at the modern facility to optimal use and save on costs. The policy will also allow employees to work on their current projects from the Hubballi development centre.
Never indulged in vindictive politics, will not do in future too: Karnataka CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah denied engaging in vindictive politics and criticised BJP for making such accusations amid the arrest warrant against former CM Yediyurappa. He defended his government's actions and accused the BJP of targeting Congress leaders. Siddaramaiah also criticised BJP's tactics and expressed skepticism about their expansion in South India. He called for a fair probe into the NEET exam issue and highlighted the need for conducting Zilla and Taluk Panchayat polls promptly.
Kumaraswamy clarifies remarks over job creation, says semiconductor industry strategic for India
Union Minister HD Kumaraswamy clarified he was misquoted about remarks on US semiconductor firm Micron, stressing the importance of the semiconductor industry for electronics and automobile manufacturing. He expressed appreciation for @PMOIndia's initiatives and pledged to support them through his ministry. Kumaraswamy emphasized the strategic significance of bringing the semiconductor sector to India and creating jobs in the small-scale industry.
Kumaraswamy says he will take businesses into confidence & focus on adding jobs
The JDS leader, who spoke to the media in Delhi soon after the portfolios were announced, said he believed India’s development hinged on his portfolio. There were lots of expectations from the government in the manufacturing sector, he said, while thanking the PM for giving him such a crucial ministry by reposing faith in him.
Maharashtra, Karnataka, Delhi top UK's investment flows from India: Report
Maharashtra, Karnataka, and Delhi led in bringing foreign direct investment (FDI) to the UK, per a CII and Indian High Commission joint report. The report highlighted the contributions of Indian companies in various sectors, showcasing their positive impact on the UK economy, job creation, and cultural diversity. Additionally, it notes the significant economic ties between India and the UK, with India being the UK's second-largest source market.
Rahul Gandhi defamation case in Karnataka: What is it all about?
The saffron party is accusing the Congress of defaming the party by launching a “PayCM’ campaign, that saw the Congress release a ‘rate card’ of bribes one must pay for various government jobs ahead of the assembly polls in May last year. Rahul Gandhi had retweeted the tweets made by his party in the run-up to the elections.
Demand under rural jobs scheme eases again in May
Demand for work under India's rural job guarantee scheme, MGNREGS, dropped for a seventh consecutive month in May, signaling improved economic conditions at the start of the fiscal year. About 37.46 million individuals sought work, down 12.1% from the previous year, with 27.18 million households seeking work, a 14.3% drop. The trend is attributed to better-paying job opportunities and the impact of heat waves across the country, although the data is subject to revision.
Mallikarjun Kharge proves his sway in Hyderabad-Karnataka, but Cong fails to repeat its assembly show in Mumbai-Karnataka
Congress failed to replicate its success in the Lok Sabha elections in the Lingayat bastion of Mumbai-Karnataka, winning only one out of seven Lok Sabha seats. However, Congress chief Mallikarjun Kharge's extensive campaigning in the Hyderabad-Karnataka region of the state seems to have worked for the party.
India’s GDP growth under Modi govt fetched it global fame, but why did it leave the desi electorate unimpressed?
Despite an 8.2% economic growth in 2023-24, India’s incumbent government didn't gain the expected electoral advantage due to a jobs crisis. While GDP rebounded swiftly post-Covid, formal job growth lagged. A rise in self-employment highlights insufficient job opportunities, reflecting the weak link between GDP growth and quality employment. In poorer regions like eastern UP, north Karnataka, and east Maharashtra, stagnant incomes and inflation further worsened living standards.
Kumaraswamy lying about phone tapping to divert attention from Prajwal case: CM Siddaramaiah
Karnataka CM Siddaramaiah denies Kumaraswamy's phone tapping allegations, accuses diversion. Officials dismiss claims; BJP seeks CBI probe. Siddaramaiah discusses Lok Sabha polls, invited by Congress state president for dinner meeting.
JSW Cement to invest Rs 3,000 crore to set up new cement manufacturing unit in Rajasthan
JSW Cement, a part of the $24.25-billion JSW Group, plans to invest Rs 3,000 crore in a new cement manufacturing facility in Rajasthan's Nagaur district. It will be funded by a mix of debt and equity. The facility will have clinkerization, grinding units, an 18 MW waste heat recovery-based power generation system. It is expected to create over 1,000 job opportunities.
"Youth wandering on roads begging for jobs with folded hands": Rahul Gandhi targets Centre
Congress leader Rahul Gandhi lashed out at Prime Minister Narendra Modi, saying that the youth of the country are wandering on every road of the country "begging for jobs with folded hands".
Slap youth who chant Modi, says Karnataka’s Culture Minister
The Kannada & Culture Minister, while campaigning for the party in Koppal Lok Sabha seat on Sunday, said the PM promised to create 20 million jobs a year, and if he had walked the talk, the country would have had 200 million new jobs in the past 10 years. But the PM was now asking the unemployed youth to go and sell Pakoras, the minister said, and added if they still uttered the name Modi, they deserve a slap.
Karnataka govt approves projects worth Rs 17,835 crore
The Karnataka government approved six new projects and eight additional investment proposals, totaling Rs 17,835.9 crore. These projects are expected to create around 27,000 jobs in the state. The State High-Level Clearance Committee, chaired by Chief Minister Siddaramaiah, approved projects worth Rs 8,220.05 crore and additional investments worth Rs 9,615.85 crore. Major proposals include Wistron Infocomm Manufacturing India's Rs 2,095 crore investment, expected to generate 21,723 jobs.
With Lok Sabha polls around, Congress regime plans mega jobs mela in Bengaluru next week
The government has named the event, Yuva Samruddhi Sammelana, for which about 31,000 youth from all over the state have enrolled. “We are expecting more candidates to register," Skill Development Minister Sharan Prakash Patil and IT/BT Minister Priyank Kharge told the media. The Skills Development & Livelihood department is organizing the fair.
Infosys promised jobs, but we got empty promises and trees: Karnataka BJP MLA Arvind Bellad
Infosys faced criticism in the Karnataka assembly for not generating employment at its Hubballi campus. Arvind Bellad, BJP leader, called for the government to revoke the 58 acres of land allocated to Infosys due to their failure to create jobs. Infosys received the land at a discounted rate but allegedly did not fulfill the promised job creation. Karnataka Industries Minister MB Patil assured investigation and stated penalties, including withdrawal of incentives and reclaiming of land, if no progress is made.
Infosys under fire for failing to create jobs in Karnataka
During the Karnataka state legislature's budget session, Arvind Bellad criticizes Infosys for not delivering on job creation. Priyank Kharge suggests withdrawing incentives and land in cases of non-performance. MB Patil promises to investigate and ensures jobs at Foxconn's plant in Doddaballapur.
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