logo
Waterlogged expressway, gridlock grip Bengaluru's silicon spine

Waterlogged expressway, gridlock grip Bengaluru's silicon spine

Time of India19-05-2025
Bengaluru: A heavy downpour from Sunday night into early Monday paralysed Bengaluru's tech corridors, turning key arterial roads into waterlogged traps and leaving hundreds of commuters stranded.
Among the worst-hit areas were Koramangala, HSR Layout, BTM Layout, and Marathahalli, all part of the city's IT and startup backbone.
The 9.9-km Electronics City Elevated Expressway—connecting Central Silk Board to Electronics City—was shut for hours due to waterlogging, severely affecting employees headed to companies such as Infosys, Wipro, and Biocon. With no official work-from-home advisory issued by many firms, IT professionals scrambled for alternative routes, only to encounter traffic snarls and flooded underpasses.
An ELCITA spokesperson confirmed that flyover closures—partly due to ongoing NHAI work—further crippled traffic below. "It took me over 30 minutes just to cross the jam near Electronics City," the official said.
Silk Board Junction, infamous for its congestion, became impassable after stormwater flooded service roads and choked the adjoining underpasses. Interstate buses from Kerala and Tamil Nadu added to the mess as they queued up at the flooded junction.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch Bitcoin và Ethereum - Không cần ví!
IC Markets
BẮT ĐẦU NGAY
Undo
"I was stuck for over an hour at Silk Board. The water was up to the tyres, and the bus driver couldn't even access the luggage compartment," said Sai Kiran V, a chartered accountant returning from Andhra Pradesh.
At Manyata Tech Park, employees arrived to find the campus submerged. Entry points were under knee-deep water, and several workers turned back home. "It's become an annual joke now," said Kamalesh Jain, a financial employee.
"We're expecting BBMP to start collecting boating tolls next."
Visuals from the area showed knee-deep water across entry points, with commuters stranded and several choosing to return home. While BBMP officials struggled to deploy pumps, exasperated techies were left wondering if they needed a boat pass to reach the office.
A fallen tree near Kalamandir, HAL, further complicated traffic flow towards Marathahalli bridge, while a vehicle breakdown at Hennur underpass contributed to the citywide gridlock.
Along the Outer Ring Road, flooding crippled movement near the Agar flyover and Hennur–Hebbal stretch.
In HSR Layout, a short 1-km stretch from Agara to Silk Board took commuters over 40 minutes to cross. "Cabs weren't accepting rides. It felt like walking would've been faster," said Mounika J, a techie who reached her workplace over an hour late.
Authorities also shut down stretches near Marathahalli after a tree fell close to Kalamandir Junction.
The incident compounded traffic chaos on HAL Road and further disrupted access to tech hubs in Whitefield and beyond.
A traffic officer from Madiwala said over 25 personnel were deployed at major junctions. "The situation was aggravated by waterlogging at Bommanahalli and Silk Board. We tried to ease movement, but volumes were too high."
'Copy-paste flooding' returns to Balagere Rd
Hamsaveni.N@timesofindia.com
Residents of Varthur, Balagere, and Panathur began their Monday wading through a now-familiar problem—Balagere Road submerged once again after overnight rain. The stretch, a key link between the tech belt and the Outer Ring Road, was inaccessible until midday.
A photo of the flooded road has gone viral—not for its shock value, but because it mirrors an image from last Aug almost identically. Locals have dubbed it "copy-paste flooding."
"The picture hasn't changed," said SS Sangappa Desai, a resident. "The stormwater drain is clogged, there's no proper SWD connectivity, and the drain system is broken."
Last year, the same image was digitally altered with a boat to mock the situation. This year, while the humour has worn thin, the water remains—and so do the complaints.
Sridhar M, who commutes daily via the road, said it was shut until 1pm. "No repairs, no accountability. We've reported it repeatedly, but nothing changes."
Parents noted that the only temporary relief is that schools haven't reopened yet. With many set to start between 20 May and late June, residents fear the return of waterlogged school runs unless infrastructure is urgently addressed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is Bharat outpacing India in mutual fund growth?
Is Bharat outpacing India in mutual fund growth?

Time of India

time41 minutes ago

  • Time of India

Is Bharat outpacing India in mutual fund growth?

In Agra, Shalab Bibhab was born into an illustrious family with a nine-decade legacy in real estate and education. His career began as an equity research analyst in Mumbai. However, he was called back to join his family business in Agra. In 2019, he started his own venture, motivated by the desire to secure his special child's financial future, particularly in light of her medical expenses. Today, he manages ₹1,650 crore in assets under management (AUM) in mutual funds . When he began, Agra was classified as a B-30 city, but it has since transitioned to a T-30, despite being a Tier-2 location. Shalab's story is no longer an anomaly; it's emblematic of a quiet transformation brewing in India's smaller towns and cities. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Technology Data Science healthcare Operations Management MBA Cybersecurity Digital Marketing Artificial Intelligence Data Analytics Product Management Design Thinking Data Science Healthcare CXO PGDM Public Policy Others Management Finance Leadership others Degree MCA Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Cities beyond the top 30 (B-30) are rewriting India's mutual fund narrative. Once considered passive spectators in financial markets, these regions are now emerging as active participants, driving a significant shift in the industry. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover the AI writing partner that understands your audience. Grammarly Install Now In FY25, over 55% of all new SIP registrations came from B-30 locations—up from 48% just two years ago. These cities have added over 2.34 crore new SIP accounts, with a notable rise in direct plan investments, signaling growing financial confidence and awareness. The share of B-30 assets under management (AUM) in the mutual fund industry has risen from 16% in December 2020 to 18% in March 2025. What's even more striking is the composition of these investments: over 80% of B-30 AUM is allocated to equity funds, compared to just 52% in the top 30 cities (T-30). Live Events Factors driving growth in smaller cities Digital enablement: The proliferation of low-cost smartphones, Aadhaar-based eKYC, and UPI payments has made it incredibly easy to start an SIP—even in remote areas. Internet penetration has skyrocketed, with broadband connections growing by an astounding 1,452% between 2014 and 2024, according to the Ministry of Communications. Financial education: Campaigns like "Mutual Funds Sahi Hai" have resonated deeply in smaller towns, where trust and clarity are paramount. Fund houses and the Association of Mutual Funds in India (AMFI) have stepped up efforts to demystify mutual funds, making them accessible to first-time investors. According to AMFI, the mutual fund industry's overall net AUM has reached an all-time high of ₹74.41 lakh crore. Mindset shift: Sebi's decision to allow SIPs with investments as low as ₹250 has lowered the entry barrier, especially for young and first-time investors. The aspirations of Bharat are aligning with those of urban India. Whether it's planning for children's education, buying a home, or building a retirement corpus, SIPs offer a structured, low-risk route to achieve long-term goals. There's a noticeable shift away from traditional investments. Mutual funds, particularly equity funds, are increasingly seen as viable alternatives for wealth creation. Systematic Investment Plans (SIPs) have become the entry point for millions of first-time investors, thanks to their disciplined, flexible, and accessible structure. In June 2025 alone, net inflows into equity mutual funds rose 24% month-on-month to ₹23,568 crore, according to AMFI data. Overall mutual fund inflows surged 67% month-on-month to ₹49,301 crore. What's even more exciting is the demographic shift—a majority of new SIP accounts are now being opened outside the top 30 cities. Persistency rates in SIPs from B-30 cities have also improved, suggesting that investors from these regions are not just participating—they are staying invested. This is a critical indicator of financial maturity and long-term wealth-building intent. Opportunities and challenges The mutual fund industry in India is still in its nascent stages compared to developed markets. India's mutual fund AUM-to-GDP ratio is 19.9% as of March 2025, significantly lower than that of many developed economies. This gap underscores the immense growth potential. For B-30 cities, the opportunity is even more pronounced. With rising incomes, improving financial literacy , and increasing digital penetration, the next wave of mutual fund investors will likely come from these regions. However, challenges remain. Despite the progress, financial literacy levels in smaller towns are still lower than in metros. Misinformation and a lack of trust in financial products can deter potential investors. Additionally, while digital infrastructure has improved, tech challenges like inconsistent internet connectivity in remote areas can hinder seamless participation. The road ahead From 2020 to 2025, mutual fund AUM from B-30 cities has grown at a compound annual growth rate (CAGR) of over 24%, with equity-specific AUM growing even faster. The trend is clear: Bharat is no longer just consuming financial knowledge—it is applying it with intent. The outlook for the mutual fund industry remains robust. Equity funds are expected to continue dominating inflows, driven by India's long-term growth story. Debt funds and ETFs are also gaining traction, offering diversification options to investors. For mutual fund companies, the focus must now shift to deepening engagement in B-30 cities. This includes tailored financial products, localized investor education programs, and leveraging technology to enhance accessibility. India's mutual fund future is being shaped in smaller towns, not just skyscraper cities. The cities and towns once seen as peripheral are now setting the pace. For mutual fund companies, this is the moment to nurture, support, and deepen this shift—because the next 100 million investors will likely come not from the metros, but from the heart of India. As Shalab aptly demonstrated, the aspirations of Bharat are no different from those of urban India. What's changing is the access, awareness, and confidence to act on those aspirations.

TCS layoffs: Is efficiency the new growth strategy?
TCS layoffs: Is efficiency the new growth strategy?

Mint

timean hour ago

  • Mint

TCS layoffs: Is efficiency the new growth strategy?

On 27 June, Tata Consultancy Services (TCS) made headlines when it announced plans to cut approximately 12,000 jobs, marking the largest layoff in the software services major's history. The move sparked debate, with some industry observers interpreting it as fallout from artificial intelligence (AI), and warning of similar cuts at other major firms. However, TCS chief executive K. Krithivasan attributed the decision to skill mismatches, not AI. Days later, Infosys CEO Salil Parekh said his company remained committed to hiring 20,000 freshers in FY26. The contrasting statements suggested that the layoffs were likely tied to TCS's internal restructuring rather than indicative of an industry-wide trend. Still, the sector hasn't resolved the structural challenges that have built up over the past few years. Investor confidence in IT stocks has eroded significantly from a year ago. While major companies have delivered strong returns over five years, their stock prices have declined over the past year—falling further in 2025 and trailing the BSE Sensex's modest 3% year-to-date gain. Much of the market pessimism stems from softening demand in key Western markets, where clients are tightening budgets while AI capabilities expand. This has forced the industry to focus heavily on cost-cutting and efficiency improvements. Major IT players have dramatically reduced their workforce—TCS, Infosys, HCLTech, Wipro, and Tech Mahindra together employ 56,000 fewer people now than they did two years ago. Western pressures Some of this drive comes from the sector's peers in the West. A worldwide efficiency push has driven massive tech layoffs. According to tech companies eliminated over 80,000 positions in the first half of 2025 alone, following 152,000 cuts in 2024 and 264,000 in 2023. This restructuring wave, spearheaded by industry giants like Microsoft, Google, and Amazon, has established new investor benchmarks for operational efficiency across the sector. But Indian IT services companies face a different challenge. They can't simply slash costs as product companies do, since revenue depends on billable hours. At the same time, their enterprise clients are reportedly demanding 20-30% price cuts, citing expected AI-driven productivity. The reality is more tempered. Parekh, for instance, recently told the Times of India that AI and automation are currently yielding productivity gains of only 5–15%. This mismatch between client expectations and actual impact is prompting firms to seek savings elsewhere. Client squeeze Part of the efficiency drive is also rooted in sluggish demand. On TCS's latest earnings call, Krithivasan observed that decision-making delays and project deferrals for discretionary investments had persisted and worsened through the June quarter. Workforce reductions over the past two years have enabled TCS and other tier-I firms to sustain or enhance revenue per employee, a critical performance metric for these companies. While leading IT services companies have stagnated, growth has been driven by global capability centres (the in-house tech hubs of multinational companies) and smaller players. The number of GCCs expanded by 40% in FY24 alone. Nasscom projected earlier this year that revenues of GCCs in FY25 would roughly match IT service exports, with the total industry headcount growing by 126,000 to reach 5.8 million in FY25, up from 5.58 million in FY23. Efficiency drive In effect, IT services majors that once powered the sector's employment boom are now prioritizing profitability over headcount growth. Margins across leading firms have come under pressure, as pricing constraints and intensifying competition weigh on the sector. TCS, which has consistently reported the highest margins among peers, also made the boldest restructuring move—underscoring how central efficiency will be in the years ahead. The logic is clear: stronger margins enable more competitive pricing. In a market where demand may return but pricing remains tight, efficiency will be key to success. And as the industry transitions to output-based pricing, the most efficient firms will capture the biggest gains. But the impact goes beyond margins. The layoffs have triggered legal and social pushback. Karnataka's IT employees' union has filed an industrial dispute against TCS, alleging illegal retrenchment. The episode has also reignited long-standing debates around CEO compensation and employee protections in India's tech sector. However, there are implications beyond financial metrics. The layoffs have sparked legal and social pushback. Karnataka's IT employees union filed an industrial dispute against TCS, alleging that the company illegally retrenched people. The layoffs have also reignited debates over CEO compensation. is a database and search engine for public data.

Mahindra to pursue engineering actions to address rare earth magnet shortage issue: Group CFO
Mahindra to pursue engineering actions to address rare earth magnet shortage issue: Group CFO

Time of India

timean hour ago

  • Time of India

Mahindra to pursue engineering actions to address rare earth magnet shortage issue: Group CFO

Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks, impacting the user industries, including the auto and electronics sectors. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing PGDM Operations Management MBA CXO Cybersecurity Healthcare Artificial Intelligence Others Project Management Degree Data Science Data Science Public Policy others Management Design Thinking Finance MCA Product Management Technology Data Analytics Leadership healthcare Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details The magnets are essential components across sectors like automobiles, household appliances, and renewable energy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Resmed AirSense 11 with flat 20% off ResMed Buy Now Undo "Basis, all the actions we have taken, FY26 is more or less managed. We have to now work on some medium and long term actions," Mahindra & Mahindra (M&M) Group Chief Financial Officer Amarjyoti Barua told PTI in an interaction. The company has taken steps to build inventory through alternative sources to take care of the problem, he stated. Live Events "It has panned out well for us so far and we do not foresee any major risk for the next nine months," Barua said. "But considering the growth plans we have, we have to think about a much bigger play than what the tactical plays we have done, and that is going to require a lot more engineering effort," he added. The company's engineers are working on various solutions to work out a solution, Barua said. Last week, Maruti Suzuki stated that its engineers are working to mitigate the rare earth magnet shortage issue, noting that there has been no impact on its production so far. Hyundai Motor India has also stated that it is not facing any production issues due to the shortage of rare earth magnets. In June, rating agency Icra had stated that inventories of rare-earth magnets used in critical automotive components, particularly electric vehicle (EV) traction motors and power steering systems, could run dry by mid-July this year. Crisil, another rating agency, had also flagged it as a significant risk to automotive supply chains. The magnets in question, neodymium-iron-boron, are known for their strength and efficiency, used for high-performance automotive applications such as traction motors in electric vehicles and power steering in both electric vehicles and internal combustion engine vehicles.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store