Good morning, Bengaluru!
🌧️ Today’s weather: A cloudy day with a bit of rain.
🧐 Did you know? Electronics City Industrial Township Authority (ELCITA) was established in the 1970s and formally founded in 2013.
⚽ Gerard Zaragoza to coach Bengaluru FC
Bengaluru FC appoints Gerard Zaragoza as head coach.
What’s it about? Bengaluru FC has announced Gerard Zaragoza as their new head coach, signing him through the 2024-25 season. Zaragoza returns with a rich coaching background, including stints in Asia and Europe. His appointment follows the departure of Simon Grayson and aims to revitalise the team.
- Previously, Zaragoza was part of the Bengaluru FC team as an assistant coach under Carles Cuadrat, contributing to their ISL triumph in the 2018-19 season.
- He has a diverse coaching background, with recent roles in Greek and Emirati leagues.
Reviving the club: Club officials express confidence in Zaragoza’s understanding of the club’s ethos and his ability to revive Bengaluru FC’s successful football style.
💰 Start-up funding dips
There has been an 80% decrease in start-up funding in Bengaluru during the 2023-24 fiscal.
What’s it about? The Mid-Year Review of State Finances for the 2023-24 fiscal year has noted an 80% decrease in start-up funding in Bengaluru. This is part of a broader 46% decline in Karnataka’s Foreign Direct Investment (FDI) during the first half of the current fiscal year. The downturn in the Private Equity/Venture Capital sector is attributed to global economic and geopolitical challenges.
- Start-up funding in Bengaluru, India’s start-up capital, mirrors a national trend with a 70% decline in start-up funding.
- A significant factor is the 60% decrease in FDI in the services and computer software market, notably impacting Karnataka.
Boosting growth: Despite the investment slowdown, the government’s guarantee schemes aim to boost economic growth by increasing household savings and consumption.
🗑️ Zero-waste sustainability park
Bengaluru launches an innovative waste treatment park.
What happened? Electronics City Industrial Township Authority (ELCITA) has established a ‘sustainability park’ in Electronics City, Bengaluru. This pioneering project successfully implements a zero-waste-to-landfill policy, processing 10 tonnes of waste daily. Food waste is converted to biogas, dry waste is sorted into 38 categories for recycling, and reject waste is used for cement production.
- The park represents a significant stride in addressing Bengaluru’s waste management challenges.
- Advanced processes at the park include biogas production, recycling, and converting sewage into usable water.
Green facility: The facility has earned a platinum rating from the Indian Green Building Council and was awarded ‘Most Innovative Project’ by the Confederation of Indian Industry.
🛣️ White-topping roads
Bengaluru is set to undergo extensive road white-topping.
What’s it about? Karnataka’s Deputy CM and Bengaluru Development Minister, DK Shivakumar, announced plans for widespread road development in Bengaluru using white-topping. With ₹1,000 crore allocated for this project, it will be executed in phases and discussed with city legislators.
- White-topping is prioritised due to its long lifespan of 25 to 40 years.
- The city faces challenges with potholes, partly due to the rapid increase in vehicle registrations and frequent digging for utility works.
Ward-level problem: Shivakumar also mentioned making separate arrangements at the ward level to address the pothole problem in Bengaluru.
✨ Things to do…
Here are some fun and interesting things to do in the city over the weekend!
- Groove to Deep Purple, Goo Goo Dolls, and several other Indian and international bands, as they are set to perform at Bandland this weekend.
- Catch Bengaluru FC take on Jamshedpur FC this Saturday at the Sree Kanteerava Stadium.
- Attend the India Art Festival, a vibrant celebration of art and creativity, where the paintings and sculptural work of 350 artists in diverse artistic styles are being showcased across 100 booths this weekend.
- Riders can enjoy a unique curated experience at the Suzuki Marsuri event this Sunday.
- Strengthen the bond with your spouse with the ultimate couples’ ‘Cook-off challenge’ on Sunday.
🛋️ Local Lounge
Yesterday’s Poll Results:
- I like Meghana Biriyani: 58.3% 🏆
- I don’t like Meghana Biriyani: 41.7%
That’s it for today. Have a great weekend!