Mangalore: Bearys Turning Point Mall now open for public after inauguration in Deralakatte
The much-awaited Bearys Turning Point mall was inaugurated today, Saturday, April 26, in a grand ceremony marked by the presence of several distinguished guests.
The event witnessed a series of inaugurations, with each key attraction of the mall launched by notable personalities from different sectors.
Fr. Faustine Lobo, Director and Administrator of Fr. Muller Homeopathy, inaugurated the Bowling Alley, while Anand Pai, Managing Director of Bharat Beedis, inaugurated the Multiplex Theatre.
The Food Court was inaugurated by Yenepoya Javed, Director of Yenepoya Group of Institutions. Rohit Bhat, former Managing Director of Robosoft, launched the Video Gaming Alley, and the Soft Play area was inaugurated by Syed Mohammed Beary, Chairman and Managing Director of Bearys Group.
Ashwin Sanil, firefighter, athlete, and sportsperson, inaugurated both the Cricket Bay and Dashing Cars Alley. Siddique Beary, Trustee of Bearys Group, inaugurated the Toy Train, and Dubai-based businessman Mohammed Kunhi inaugurated the Climbing Wall. Mohammed Ashraf Baery, Deputy MD, Construction & Infrastructure was also present during the inaugural ceremony.
Speaking at the event, Syed Mohamed Beary, Chairman and Managing Director of Bearys Group, reflected on the journey behind the Bearys Turning Point project. He said that everything in life is predestined and that nothing happens without the command of God. Sharing insights into the project’s long history, he mentioned that it had started 12 years ago and was the longest-running project undertaken by the group. He expressed gratitude for being able to complete the project without taking any loans or paying any interest, crediting divine grace for this achievement.
Syed Beary also spoke about the many miracles witnessed over the 40-year history of Bearys Group, recalling how, even when situations seemed challenging, unexpected blessings helped them overcome hurdles. He added that efforts are being made to bring Spar of Lulu Hypermarket to open their hypermarket at the mall. He thanked the construction, interiors, architecture, and marketing teams for their contributions towards the project’s success and also extended his gratitude to all the guests and the audience for attending the inauguration ceremony.
Several dignitaries who attended the inauguration shared their thoughts and congratulated the Bearys Group for the successful completion of the project.
Yenepoya Javed, Director of Yenepoya Group of Institutions, recalled his first meeting with Syed Beary in 1992 and said he had seen him grow over the years and learned much from his journey.
Fr. Faustine Lobo, Director and Administrator of Father Muller Homeopathy Medical College, appreciated the mall's ambience, adding that the youth would particularly enjoy the space. He said the various attractions would also be a blessing for parents, as the mall offers engaging activities for children.
Rohit Bhat, former MD of Robosoft, congratulated the Bearys Group and said it was heartening to see such a project come up in an area that has become a hub for students.
Anand Pai, Managing Director of Bharat Beedis, spoke about the city's growth and the increasing vehicular traffic. In such a situation, he said, this project would be a big convenience for residents of the region who earlier had to travel to Mangaluru City for malls and theatres.
Ashwin Sanil, firefighter, athlete, and sportsperson, also addressed the event and congratulated the Bearys Group on the accomplishment.
Dubai-based businessman Mohammed Kunhi praised the project, saying it stands tall like a crown in the region, which is home to several educational institutions. He added that he had seen similar projects in Dubai and that witnessing such a development here was thrilling.
The event was compered by Joyson Miranda, Assistant Professor at Bearys Institute of Technology. The programme began with a prayer session performed by students of the Bearys Group of Institutions.
Introducing the mall, Joyson Miranda highlighted that it aims to cater to the needs of over 40,000 people living in the outskirts of Mangaluru city. He pointed out the serene location of the mall, offering beautiful views of the Western Ghats and an environment free from the noise and congestion of the city. He noted that earlier, the nearest mall was nearly 23 kilometres away, and said that Bearys Turning Point would set a new benchmark for the locality by bringing modern facilities closer to the community.
The event concluded with a vote of thanks proposed by Nandh Kumar, Head of Retail at Bearys Group.
About Bearys Turning Point:
Spread over an area of 1.5 lakh square feet, Bearys Turning Point features a wide range of facilities including a multiplex theatre, bowling alley, video gaming alley, soft play zone, cricket bay, dashing cars alley, a food court, climbing wall, and a toy train for children. With ample parking space and modern amenities, the mall is designed to serve not just the local population but also the large student community in the Deralakatte region. Its location, ambience, and thoughtfully curated attractions are expected to make it a preferred destination for shopping, entertainment, and leisure.
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Sensex rises nearly 295 pts to close at 2025-high on foreign fund inflows, drop in crude prices
Mumbai, May 5 (PTI): Benchmark BSE Sensex climbed nearly 295 points to close at an over four-month high on Monday following sustained foreign fund inflows and a sharp correction in global crude oil prices.
Rising for the second in a row, the 30-share BSE barometer gained 294.85 points or 0.37 per cent to settle at 80,796.84, marking its highest close in 2025 so far. During the day, it jumped 547.04 points or 0.67 per cent to 81,049.03.
The NSE Nifty rose 114.45 points or 0.47 per cent to 24,461.15, its highest closing level in 2025.
Among Sensex firms, Adani Ports jumped 6.29 per cent amid reports that Gautam Adani's representatives met with US administration officials to seek the dismissal of criminal charges in a bribery probe. All other listed Adani group stocks, including Adani Enterprises, Adani Ports, Adani Power and Adani Green Energy, ended with sharp gains.
Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever were also among Sensex gainers.
Among the laggards, Kotak Mahindra Bank tanked 4.57 per cent after the firm reported a 7.57 per cent decline in consolidated net profit to Rs 4,933 crore for the March quarter of FY25, primarily due to elevated stress in the microlending book.
State Bank of India, Axis Bank, Titan and IndusInd Bank were among the other losers.
State Bank of India dipped over 1 per cent after it reported an 8.34 per cent decline in consolidated net profit to Rs 19,600 crore for the January-March quarter compared to Rs 21,384 crore a year ago, impacted by a decline in net interest margins.
Foreign Institutional Investors (FIIs) bought equities worth Rs 2,769.81 crore on Friday, according to exchange data.
Foreign investors injected Rs 4,223 crore into the country's equity market in April, as they turned net buyers for the first time in three months amid a blend of favourable global cues and robust domestic fundamentals.
The inflow of foreign capital came last month following a back-to-back net outflow of Rs 3,973 crore in March, Rs 34,574 crore in February, and Rs 78,027 crore in January.
"The market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment.
"However, the market's momentum is moderating, with action shifting from broad-based movements to stock and sector-specific trends based on results," Vinod Nair, Head of Research, Geojit Investments Limited, said.
The BSE midcap gauge jumped 1.45 per cent and smallcap index climbed 1.23 per cent.
Among sectoral indices, services jumped the most 2.99 per cent, followed by oil & gas (1.95 per cent), auto (1.88 per cent), consumer discretionary (1.58 per cent), utilities (1.50 per cent) and energy (1.49 per cent).
Bankex emerged as the only loser.
As many as 2,563 stocks advanced while 1,459 declined and 180 remained unchanged on the BSE.
Markets in South Korea, Japan, China and Hong Kong were closed due to holidays.
European markets were trading on a mixed note.
US markets ended significantly higher on Friday.
Global oil benchmark Brent crude dropped 1.45 per cent to USD 60.40 a barrel.
The 30-share BSE benchmark gauge settled 259.75 points, or 0.32 per cent, higher at 80,501.99 on Friday. The Nifty eked out a marginal gain of 12.50 points, or 0.05 per cent, to settle at 24,346.70.
