Bangalore Metro Conducts Trial Runs on Phase 2 Pink Line

16 Jan 2026 CW Team

Trial runs have begun on the much-awaited Pink Line of the Bangalore Metro, marking a key milestone in the progress of Phase 2 of the project. The Pink Line spans 21.386 km between Kalena Agrahara and Nagawara and will serve a total of 18 stations once fully operational.

The initial trial run was conducted between Kalena Agrahara and Tavarekere stations. Officials said the tests are aimed at assessing track alignment, signalling systems and overall safety standards before commercial operations commence.

Bangalore Metro Rail Corporation Limited is planning to operationalise the first phase of the Pink Line in the near term. Phase 1 comprises a 7.5 km elevated section from Kalena Agrahara to Tavarekere, covering six stations.

The remaining stretch from Tavarekere to Nagawara will be fully underground and will include 12 stations. According to officials, operations on the underground section are expected to begin by November 2026.

Once completed, the Pink Line is expected to significantly improve north–south connectivity across Bengaluru, easing congestion and enhancing access to key residential and commercial areas along the corridor.

Real Estate

16 Jan 2026

Puravankara Expands Portfolio With Rs 139 Billion GDV in 9MFY26

Puravankara Limited reported a strong performance in the third quarter of FY26, underpinned by higher pre-sales, improved collections and a series of strategic acquisitions that lifted its growth outlook. During 9MFY26, the Bengaluru-based developer added projects with an estimated gross development value of around Rs 139 billion, strengthening its presence across key residential micro-markets in southern and western India. Pre-sales for Q3FY26 rose 17 per cent year-on-year to Rs 14.14 billion, while customer collections increased 22 per cent to Rs 11.40 billion. The average price realisation..

Oil Discoveries Boost Onshore Block 1 Prospects in Abu Dhabi

Indian Oil Corporation Limited (IOCL), together with Bharat PetroResources Limited, is jointly advancing oil exploration in Abu Dhabi’s Onshore Block 1 following encouraging discoveries in both unconventional and conventional reservoirs. The block is operated through Urja Bharat Pte Limited, a 50:50 special purpose vehicle established by the two Indian companies. UPBL was awarded the Onshore Block 1 concession in early 2019 under Abu Dhabi’s 2019 bid round. In early 2024, the company achieved its first oil discovery in the unconventional Shilaif play at the XN-76 exploratory well. After s..

Firstsource Acquires TeleMedik to Expand US Healthcare Capabilities

Firstsource Solutions Limited has acquired TeleMedik to strengthen its digital healthcare offerings and expand its presence across US payer and provider markets. The acquisition enhances Firstsource’s end-to-end clinical and utilisation management capabilities and deepens its footprint across payer-provider networks. TeleMedik brings advanced clinical platforms and complementary technologies that support health plans seeking more personalised and outcome-focused care. The acquisition also strengthens Firstsource’s integrated and differentiated business process as a service offering for he..