Bengaluru

IHG Hotels & Resorts, one of the world’s leading hotel chains, is significantly expanding its footprint in Bengaluru with the addition of 420 new keys across multiple properties. This strategic move reinforces IHG’s commitment to India’s booming hospitality sector, capitalizing on the city’s growing demand for business and leisure accommodations. Bengaluru’s status as a technology and business hub makes it a critical market for luxury and midscale hotel offerings.

UrbanVault, a fast-growing player in the co-working ecosystem, has opened a new shared office facility in Bengaluru, further consolidating its presence in India’s startup capital. The expansion reflects the rising demand for flexible workspaces, driven by startups, freelancers, and enterprises adapting to hybrid work models. The move is also indicative of UrbanVault’s strategy to deepen its reach in high-demand markets, offering state-of-the-art infrastructure and community-driven work environments.

Fusion CX, a global leader in customer experience management, has announced the opening of a new delivery center in Bengaluru, reinforcing India’s position as a strategic hub for digital and business services. The facility, designed to accommodate the company’s growing workforce and support its expanding client base, reflects Fusion CX’s commitment to scaling operations in one of the world’s most dynamic outsourcing markets.

Commodity traders in Bengaluru faced a disruption as market updates and trading notes were not made available during the latest session. The absence of real-time data and trading insights created uncertainty for participants who rely heavily on daily reports to make informed decisions in futures and spot markets. While the disruption was temporary, it highlights the dependence of market participants on timely information, particularly in sectors such as agricultural commodities, metals, and energy contracts where price movements can be rapid and volatile.

Bengaluru witnessed a day of subdued commercial activity on August 23 as markets and business establishments across several parts of the city remained closed. The shutdown, observed by traders and local associations, was called to press demands and highlight grievances impacting the business community. The closure disrupted retail and wholesale trade, affecting sectors ranging from groceries and textiles to electronics and daily essentials.

Wholesale and retail traders in Bengaluru faced uncertainty on Thursday as key commodity and agricultural market rates were not published, disrupting normal business activity. The absence of daily pricing updates affected buyers and sellers across essential goods, including grains, pulses, vegetables, and perishables, which rely heavily on accurate benchmark rates for fair trading. While market participants adapted through direct negotiations, the lack of standardized reference points created confusion in pricing.

Foxconn, the world’s largest contract electronics manufacturer, has officially initiated production of the iPhone 17 at its Bengaluru plant, marking a significant milestone in India’s smartphone manufacturing landscape. This move reinforces India’s role as a strategic hub for Apple’s global supply chain, supporting the government’s “Make in India” initiative. Analysts anticipate that the local production of the flagship device will not only reduce import dependency but also create substantial employment opportunities and boost ancillary industries.

Real estate developer Sumadhura Group has successfully leased out a key commercial property in Bengaluru, generating approximately Rs. 50 crore in revenue through the transaction. The move underscores the firm’s growing focus on monetizing prime assets within India’s high-demand tech corridors. As the commercial real estate market in Bengaluru continues to attract large-scale occupiers, Sumadhura’s latest lease deal highlights both the rising value of premium office space and the resilience of India’s urban commercial hubs.

IndiGo, India’s largest airline by market share, has officially commenced construction of its new Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru’s Kempegowda International Airport. The project marks a significant step in the airline’s strategy to strengthen its operational efficiency and self-reliance in aircraft servicing. Spread across a sprawling 13-acre site, the facility is designed to handle multiple aircraft simultaneously and meet global maintenance standards.

Amid cautious optimism following its first-quarter earnings, Tata Consultancy Services (TCS) has signaled that employee salary increments are on the horizon, though precise timelines remain under discussion. India’s largest IT services firm, known for its disciplined cost management, is balancing employee aspirations with the need to safeguard margins in a challenging global demand environment. TCS’s chief human resources officer has assured that appraisals are being processed, reinforcing the company’s commitment to talent retention.