Business & Innovation

The first ever Bangalore Business Literature Festival kicks off on October 31, celebrating the business buzz and startup boom in India as well as the opportunities – and challenges – facing business writers, publishers, readers and entrepreneurs.
“Good business books are one of the best sources of inspiration and knowledge for enhancing skills and to beat the odds,” says Festival organiser Benedict Paramanand, author of ‘C.K. Prahalad: The Mind of the Futurist’

Globalization has been responsible for the transformation of Bangalore into a melting pot of culture. The following article throws light on the multicultural ethos of the city with a subtle hint on real estate.
IT Boom in Bangalore
The Information Technology (IT) boom has been responsible or transforming the economy of Bangalore. The sixth largest Indian metropolis, today, Bangalore is known across the globe for its booming IT industry that has earned the city the sobriquet of the Silicon Valley of India.

The economic rise and creative boom in India is leading to a wave of macro and micro-level shifts in society and business. “What’s happening in Indian business today is not once in a decade or once in a millennium but once in the lifetime of a country,” says Manish Sabharwal, Co-Founder and Chairman of TeamLease Services and Venture Partner at The View Group.

The Bruhat Bangalore Mahanagara Palike (BBMP) presented its annual budget, the last by the current Council, on March 17th 2015. The total outlay in the 2015-16 Budget is of Rs. 6730 crores. Acknowledging the FINANCIAL situation of the BBMP to be “tight and tough”, Chairman of the Finance and Taxation Committee, V Anand characterised the budget as a realistic one. Instead of initiating new projects, the budget’s main focus would be to see through the ongoing and spilled over works and to cut down on administrative overheads. Total grants of Rs.

Bangalore based enterprise VayuGrid engaged in building affordable Bioenergy supply chains , announced recently, that they have entered into an Memorandum of Understanding (MoU) with New Renewable Energy Development Corporation of AP (NREDCAP) for the State of Andhra Pradesh to develop Panchayat level Bio Energy Zones ( BEZs) for green power generation including the power generation facilities, the Bioenergy Green Coal Plantation supply chain, and the Biofuel processing infrastructure necessary to meet the low cost production of clean energy.

Infosys has started helping some of its top customers set up captive technology centres in low-cost locations such as India, a bold departure from its traditional strategy and a testament to the changing business model and priorities at the nation's $146-billion information technology industry.
Executives aware of the new strategy, speaking on the condition of anonymity, said Infosys has recently helped US financial services company Visa set up a brand-new technology centre and held talks with Daimler AG on building a technology facility for the German automotive giant.