Page 251 - Industry News
Net office leasing up 54% to 128 lakh sq ft in Jan-Mar across 7 cities: JLL
Gross leasing of office space increased 28 per cent in January-March this year at 19.46 million (194.6 lakh) square feet, the highest among all previous first quarters of any calendar year
 "Net office leasing up 54% to 128 lakh sq ft in Jan-Mar across 7 cities: JLL")
Bengaluru's luxury apartment sales cross Rs 1,000 cr in FY25, shows data
Hebbal emerged as the frontrunner in Bengaluru's high-end luxury apartment market in the period, commanding 22 per cent of the total sales value
 "Bengaluru's luxury apartment sales cross Rs 1,000 cr in FY25, shows data")
India's agrifoodtech startups raised $2.5 bn in 2024, 3X rise from 2023
Omnivore, in collaboration with AgFunder, a global investment platform, on Wednesday released a report titled 'Developing Markets AgriFoodTech Investment Report 2025'
 "India's agrifoodtech startups raised $2.5 bn in 2024, 3X rise from 2023")
Assetz to launch 6.5 mn sqft in FY26, secures Rs 15,000 cr housing GDV
Since its inception in 2006, Assetz has delivered 20 residential and commercial projects, spanning approximately 15 million square feet
 "Assetz to launch 6.5 mn sqft in FY26, secures Rs 15,000 cr housing GDV")
Govt, industry must boost green aviation fuel with incentives: SpiceJet CMD
The SpiceJet CMD said at that some point the government and the industry have to get together and create a significant incentive and logistic structure to make SAF
 "Govt, industry must boost green aviation fuel with incentives: SpiceJet CMD")
India's office leasing in Q1CY25 hits 19.46 mn sq ft, up 28.4%: JLL
Gross leasing refers to all lease transactions recorded during the period, including confirmed pre-commitments, but not term renewals and deals in the discussion stage
 "India's office leasing in Q1CY25 hits 19.46 mn sq ft, up 28.4%: JLL")
Hotel companies in India bank on loyalty programmes to attract customers
Earlier in March, the Indian Hotels Company (IHCL), under its loyalty program, Taj InnerCircle, reached 10 million members
 "Hotel companies in India bank on loyalty programmes to attract customers")
Ajay Bhushan Pandey appointed as V-P of investment at AIIB in Beijing
According to the bank's official data, China is the largest shareholder of AIIB with 26.54 per cent voting shares. India is the second largest shareholder with 7.58 per cent
 "Ajay Bhushan Pandey appointed as V-P of investment at AIIB in Beijing")
SEA urges govt to lift ban on de-oiled rice bran exports to clear stock
Solvent Extractors' Association (SEA) on Wednesday urged the government to lift the export ban on de-oiled rice bran to allow clearance of surplus stock.
 "SEA urges govt to lift ban on de-oiled rice bran exports to clear stock")
Govt bans manufacture, sale of 35 unapproved fixed-dose combination drugs
Fixed-dose combination drugs are those which contain a combination of two or more active pharmaceutical ingredients (APIs) in a fixed ratio
 "Govt bans manufacture, sale of 35 unapproved fixed-dose combination drugs")
India's travel & tourism sector to grow 7% over next 10 years: WTTC
WTTC CEO also lauded Prime Minister Narendra Modi for investing in travel and tourism and seeing the power of the sector
 "India's travel & tourism sector to grow 7% over next 10 years: WTTC")
Housing sales down 19% on high prices; supply drops 10% in 8 cities
In its report 'Real Insight', PropTiger also mentioned that new supply dropped 10 per cent in the first quarter of the calendar year, as developers adjusted with the market situation
 "Housing sales down 19% on high prices; supply drops 10% in 8 cities")
Rail sector revenue to grow 5% in FY26, wagon makers drive gains: Icra
The report highlights that the weighted average operating margins for the sector will remain healthy at around 12 per cent in FY26
 "Rail sector revenue to grow 5% in FY26, wagon makers drive gains: Icra")
Startups face I-T department heat over funding through Singapore
Showcause notices issued to startups under Section 68 for capital raised over the past five years, demanding documentation on foreign investments
 "Startups face I-T department heat over funding through Singapore")
Need central-level uniform regulation for gaming sector: Winzo Cofounder
Currently, several states have their own sets of norms for the industry
 "Need central-level uniform regulation for gaming sector: Winzo Cofounder")
ONDC to help digital commerce grow fivefold by 2030: McKinsey & Company
Digital commerce in electronics and durables is expected to grow three times from $24-26 billion in 2022 to $70-72 billion in 2030
 "ONDC to help digital commerce grow fivefold by 2030: McKinsey & Company")
Aviation ministry seeks FinMin help to boost aircraft leasing at GIFT City
It has also raised concern over slow progress in developing aircraft leasing in India
 "Aviation ministry seeks FinMin help to boost aircraft leasing at GIFT City")
Tommy Hilfiger recalls India's key role in brand's 40-year journey
Hilfiger said that it was Mohan Murjani who pushed him in 1985 to build what is today one of the world's premium lifestyle brands
 "Tommy Hilfiger recalls India's key role in brand's 40-year journey")
CCI clears multi-layered deal involving TPG Growth, AINU and other firms
Based in Singapore, Waverly is a wholly-owned subsidiary of Lathe Investment Pte Ltd, which is wholly owned by GIC (Ventures) Pte Ltd
 "CCI clears multi-layered deal involving TPG Growth, AINU and other firms")
ONGC wins 11 blocks in round 9 of national oil and gas asset auctions
Private company Cairn wins 7; BP wins offshore block in Saurashtra basin
 "ONGC wins 11 blocks in round 9 of national oil and gas asset auctions")