Bengaluru

India’s all-electric ride-hailing platform BluSmart abruptly suspended operations across Delhi-NCR, Bengaluru, and Mumbai, following regulatory action by SEBI against its co-founder over alleged financial misappropriation at a related company. The sudden shutdown has disrupted mobility for thousands and jeopardized livelihoods of over 10,000 driver partners. The controversy stems from the misuse of loans granted to Gensol Engineering—BluSmart's affiliated company—for electric vehicle procurement.

Assetz, a prominent real estate firm, has made significant strides in Bengaluru's real estate sector by acquiring 16 prime land parcels over the past two years, adding over 15 million square feet of saleable area to its portfolio. The company’s latest acquisitions, with a Gross Development Value (GDV) of Rs 15,000 crore, will help deliver more than 7,500 homes across the city’s key corridors. Assetz is set to launch 10 new projects in FY26, aiming to double its turnover within the next three years, marking a strong growth trajectory in a competitive market.

Star Air, a Bangalore-based regional carrier, has resumed its air services on the Bidar-Bangalore route after a year-long hiatus. This relaunch, officiated by Karnataka Chief Minister Siddaramaiah, marks a key step in the airline’s broader strategy to expand its network and enhance regional connectivity. The new flight services will provide quicker, more convenient travel options for business travelers, tourists, students, and defense personnel.

Wipro, India's fourth-largest IT services company, posted a robust 25.9% increase in its consolidated net profit for the March quarter, rising to Rs 3,569.6 crore from Rs 2,834.6 crore in the same period last year. Despite this growth, the company experienced only a marginal rise in revenues, reflecting the ongoing macroeconomic uncertainty. For the full fiscal year, profits climbed 18.9%, while revenues slightly declined. Looking ahead, Wipro expects a decline in revenue for the first quarter of FY26.

The Indian housing market has seen a marked decline in sales during the first quarter of 2025, with figures dropping by 19% across eight major cities. Rising property prices, coupled with a slowdown in new launches, have contributed to the retreat. In addition to domestic market challenges, global economic uncertainty—fueled by a trade war—has left potential buyers adopting a more cautious approach toward real estate investments.

In a strategic move to bolster its position in Bengaluru’s real estate market, Assetz has acquired sixteen prime land parcels over the past two years, covering more than 200 acres. The company plans to add 15 million square feet of saleable area to its portfolio, aiming to deliver over 7,500 homes across key corridors in the city. The new projects, with a Gross Development Value (GDV) of Rs 15,000 crore, will be launched in phases, with a significant portion set for roll-out in FY26. The company’s aggressive expansion strategy signals strong growth prospects in the near term.

Birla Estates Pvt. Ltd., the real estate arm of the Aditya Birla Group, has recorded an exceptional performance in FY25, achieving property bookings worth Rs. 8,000 crore, more than doubling its previous year’s tally. This landmark achievement, led by the phenomenal success of its Birla Arnaa project in Gurugram and multiple high-impact launches in Bengaluru, marks the company's most successful year to date.

Axiro Semiconductor Pvt Ltd, a subsidiary of CG Power and Industrial Solutions Ltd, has launched a state-of-the-art chip design center in Bengaluru. The facility aims to cater to global markets in 5G, 6G, defense, satellite communications, and the Internet of Things (IoT), marking a significant step in India’s semiconductor industry. This new venture, with a USD 36 million investment, supports India's push for semiconductor self-reliance and strengthens its position in the global supply chain.

The branded residences and resorts market in India is poised for significant growth, with projections estimating it will reach USD 1 billion by 2027. This sector, already witnessing strong demand from domestic leisure and business travelers, is anticipated to expand at 11-12% annually through 2025-2026 and continue at a rate of 15% by 2030. Key growth drivers include the growing popularity of the MICE (Meetings, Incentives, Conventions, and Exhibitions) segment, increased foreign tourist arrivals, and urban affluence.

Bharti Airtel, one of India’s leading telecom providers, has launched a pioneering partnership with quick commerce platform Blinkit to deliver SIM cards to customers within 10 minutes—an industry-first move aimed at redefining customer convenience. Initially rolled out in 16 major Indian cities, the service includes prepaid, postpaid, and number portability options. At a nominal fee of Rs. 49, the SIM cards will be delivered directly to customers’ doorsteps, followed by a seamless Aadhaar-based activation process.