BFSI (Banking, Financial Services, and Insurance) and Flex Spaces emerged as key demand drivers for office spaces during the third quarter of 2024, stated a report by Vestian. These sectors, it added, account for 39 per cent of the pan-India absorption in Q3 2024, reporting a growth of 20 per cent from the previous quarter.
Bharti Global, the international investment arm of Bharti Enterprises, announced that it has completed the acquisition of 24.5 per cent of the issued share capital in UK’s BT Group plc. This makes Bharti, which runs telecom company Airtel, the majority shareholder in the UK’s second largest telecom company, the BT Group, which was formerly called
The Competition Commission of India (CCI) has imposed a penalty of Rs 213.14 crore on Meta for abusing its dominant position. The penalty pertains to the controversial implementation of WhatsApp’s 2021 privacy policy, which mandated data sharing between WhatsApp and other Meta firms like Facebook, which had raised concerns about user privacy and market fairness.
India’s wearable market, which includes wristband, smartwatch, and earwear, fell for the second straight quarter on weak demand. In the July-September quarter, the market shipments fell 20.7% to 38 million, according to data by International Data Corporation (IDC). The fall can be attributed to a reduction in new product launches and a cautious inventory strategy
Foxconn Group’s Bharat FIH, which is facing revenue decline amid a shortage of new orders, has decided to shut down a subsidiary it launched just three years ago, which focuses on R&D and supply chain initiatives. According to the company’s latest filing accessed by FE, Bharat FIH’s board of directors has approved a resolution to
While two successive cuts in allocation of cheaper APM gas to city gas distribution companies (CGD) have caused their stocks to fall steeply, analysts expect another price hike for compressed natural gas (CNG) for these firms to sustain their margins. State-owned GAIL India, the nodal agency for domestic gas allocation, has decided to cut Administrative
With established developers from other parts of the country cornering a piece of the Rs 1-lakh crore housing pie in the Mumbai Metropolitan Region, home-grown players such as the Lodha Group-owned Macrotech and Godrej Properties are adopting a two-pronged approach: to hold off competition and expand their market shares. According to an expert, following the
Direct-to-consumer (D2C) sleep solutions startup The Sleep Company’s revenue from operations increased to ₹312.33 crore in FY24 from ₹127.14 crore in FY23, according to the financial statement filed by the company with the Registrar of Companies (RoC). The D2C startup’s losses increased by 58% to Rs 58.69 crore in FY24 from Rs 37.06 crore in
Zerodha founder Nithin Kamath is championing long-term impact through Rainmatter, his investment fund focused on climate tech, healthcare, and sustainability. In the past year alone, Rainmatter has backed 47 startups, prioritizing initiatives that make the planet more livable and people healthier. “What is the use of money if the planet we live on is destroyed
Kingfisher-maker United Breweries Ltd on Wednesday announced that it has decided to suspend the supply of beer to Telangana Beverages Corporation Ltd (TGBCL), with immediate effect. The company said that it took this decision because TGBCL has not revised the basic price of its beer since 2019-2020, resulting in huge losses for the company. In
The markets remained rangebound today. The Sensex closed the session 50.62 points, or 0.06% lower at 78,148.49, while the Nifty finished 19 points or 0.08% at 23,688.80. However, there are some stocks that surged in trade today coupled with strong volume – Here are the top three stocks with high volumes in a muted market
7th Pay Commission News: The next dearness allowance (DA) revision for central government employees is due this month. However, the announcement will probably be made in the first week of March, as witnessed on several occasions in the past due to a lag in the release of the All-India Consumer Price Index for Industrial Workers
With the fiscal third quarter earnings season all set to commence this week, brokerage firms said that the Indian IT services sector is expected to post a mixed performance during the seasonally weak quarter. Q3 is traditionally considered weak due to seasonal furloughs which, per analysts, is expected to weigh down the IT sector’s growth.
