OFFICERS
Global Capability Centres drive office leasing in H1 2024, with a 37% share
India's office leasing market is dominated by Global Capability Centres (GCCs), with 37% of total leasing activity in January to June 2024. The country's robust workforce, competitive costs, and established ecosystem make it a key market for GCCs. With a projected 20% growth in GCC presence by 2025, the Indian office market is poised for significant expansion. 67% of GCCs plan to increase their office portfolios by over 10% in the next two years.
Office leasing surges to new record in first half of 2024
The Indian office property market has shown strong performance in the first half of the year, driven by economic resurgence and increased corporate occupancies, with technology and banking sectors leading the way. Gross leasing hit a record high of 33.5 million sq ft, up 29% from last year, setting the stage for a potential new peak in 2024. GCCs played a key role in this growth, with India's leadership in the GCC ecosystem remaining strong.
Deadpool & Wolverine box-office collection prediction: Ryan Reynolds, Hugh Jackman's film to create history, claim reports
"Deadpool & Wolverine" movie is set to be released in July. The film features Ryan Reynolds and Hugh Jackman in lead roles.
Corporates embrace more flexibility amidst the hybrid work model
About 30% of occupiers are expected to expand their use of flexible office space over the next 12 months, while 17% are likely to consolidate their offices into fewer locations, CBRE said in its latest ‘2024 India Office Occupier Survey’.
Ahmedabad Congress office allegedly vandalised by Bajrang Dal, VHP following Rahul Gandhi's remarks in Parliament
Ahmedabad: Rahul Gandhi in his speech criticised the central government on issues such as minorities, the NEET controversy, and the Agnipath scheme. His comments, including those concerning Hindus and allegations against PM Narendra Modi, BJP, and RSS, drew objections from the Treasury benches.
Palaniswami slams CM MK Stalin over killing of AIADMK office-bearer
Expressing shock over the killing of a party functionary and seeking immediate action to bring to justice the perpetrators of the crime, AIADMK general secretary Edappadi K Palaniswami on Sunday slammed Chief Minister M K Stalin over law and order in the state. It is an irony that Chief Minister Stalin is boasting of excellent law and order maintenance while people are always 'in fear,' be it day or night, Palaniswami, the leader of opposition claimed.
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YSRCP district offices receive notices on legitimacy of their construction
YSRCP faces backlash over unauthorized office constructions, with the NDA government accused of bias. The controversy involves lavish buildings, including a Rs 500-crore mansion, as security scrutiny intensifies at YS Jagan Mohan Reddy's residences across multiple districts.
Third Eye: Party offices shift, yoga struggles, and RaGa's farewell
The electoral meltdown of BJD, AIADMK, and YSRCP has led to the risk of losing their party offices in Parliament House. TDP and JDU, with their BJP allies, qualify for prime office slots. Top Maharashtra politicians participated in the International Yoga Day event in Mumbai, but faced difficulties in basic postures. Congress leader Rahul Gandhi sent a goodbye letter to the people of Wayanad, praising his sister Priyanka Gandhi's victory and expressing confidence in her performance as MP.
Jagan govt allotted 42 acres land for YSRCP offices in 26 districts for Rs 1,000 lease: Nara Lokesh
Andhra Pradesh Information Technology and Electronics Minister Nara Lokesh has accused the former YSRCP government, led by Y S Jagan Mohan Reddy, of allocating 42 acres of land in 26 districts for YSRCP offices at a nominal lease cost of Rs 1,000 for 33 years. Lokesh made the allegations on Sunday via a post on the social media platform X, where he also shared several pictures of the alleged YSRCP offices under construction.
YSRCP's central office in Tadepalli demolished; Jagan Mohan Reddy calls Naidu 'a dictator'
The YSR Congress Party's under-construction central office in Tadepalli, Guntur district, was demolished by municipal authorities on Saturday morning, despite a high court order to halt the activity. YSRCP President Y. S. Jagan Mohan Reddy condemned the demolition, attributing it to political vendetta by the TDP-led government. Officials claimed the construction was illegal, while Reddy vowed to fight against these actions and appealed to democratic forces to condemn the act.
Delhi Congress holds protest outside BJP office over NEET 'paper leak'
The medical entrance examination, National Eligibility-cum-Entrance Test (Undergraduate) or NEET-UG, was conducted by the National Testing Agency (NTA) on May 5 with around 24 lakh candidates taking part.
Rahul Gandhi informs Lok Sabha Speaker's office about retaining Raebareli seat
Earlier on Monday, Congress chief Mallikarjun Kharge announced Priyanka Gandhi's candidature from Wayanad at a special press conference. If Priyanka Gandhi wins from Wayanad, three members of the Nehru-Gandhi family will be in Parliament - Sonia Gandhi in Rajya Sabha and Rahul Gandhi and Priyanka Gandhi in the Lok Sabha.
AAP leader Atishi accuses BJP's Ramesh Bidhuri, supporters of vandalising Delhi Jal Board office amid water crisis
While addressing a press conference in the national capital, Atishi said, "Delhi is currently facing severe heat. Even in this difficult time, the BJP has left no stone unturned, troubling the people of Delhi. The BJP is hatching a conspiracy against the people of Delhi. This conspiracy has three parts. The first part of this is to stop the water supply to Delhi from the BJP government of Haryana. Due to this not even a drop of water is left at the Wazirabad Water Treatment Plant."
All systems will be brought onto track: Naidu tells officials after taking charge as Andhra CM
Andhra Pradesh's newly sworn-in Chief Minister Chandrababu Naidu expressed urgency in revitalizing the state's systems, citing their current state as "defunct." Addressing India Service officers who greeted him at the State Secretariat, Naidu highlighted the need for introspection among officers regarding their performance over the past five years. He lamented the perceived injustice suffered by the state under previous administrations, emphasizing his commitment to restoring functionality.
Chandrababu Naidu assumes charge as Chief Minister of Andhra Pradesh
N Chandrababu took charge as Chief Minister of Andhra Pradesh in Amaravati, signing important files. He was sworn in as the 18th CM in the presence of leaders from NDA.
BJP in charge, focus on polls: Seven takeaways from PM Modi's largest council of ministers
Modi 3.0 Cabinet 2024: Narendra Modi was sworn in as Prime Minister for a third term, forming a 72-member coalition government with ease. Despite lacking a majority, BJP retains key ministries. Allies prioritized state funds over cabinet posts, while former CMs bring experience. Absence of Muslim ministers and the presence of billionaires and Hindu groups signal Modi's continuing strategies.
Supreme Court extends deadline given to AAP to vacate Rouse Avenue office
A vacation bench comprising justices Vikran Nath and Sandeep Mehta took note of the submissions of senior advocate Abhishek Singhvi, appearing for the AAP and others, and extended the deadline till August 10.
Pandian's IAS wife goes on six months' leave
Odisha IAS officer, Sujata R Karthikeyan, wife of BJD leader V K Pandian, takes 6 months' child care leave till Nov 26 to support daughter in class 10 exams.
AAP office space allotment: Delhi HC asks Centre to take decision within six weeks
The Delhi High Court on Wednesday said the AAP is entitled to space for a party office here like other national political parties and asked the Centre to take a decision on the issue within six weeks. Justice Subramonium Prasad observed that national political parties have the right to one housing unit from the general pool in Delhi for office use on payment of licence fee until they have acquired land for constructing their own.
Delhi HC seeks Centre action on AAP’s office case, says party is entitled to office space like others
Delhi High Court directs Centre to decide on AAP's request for office space within six weeks. AAP to vacate DDU Marg office by June 15. Court considers plea for land allotment on June 10.
Delhi Excise policy PMLA case: Will take 90-100 hours to inspect documents, says counsel for Sanjay Singh
AAP MP Sanjay Singh's counsel informed the court it will take 90-100 hours to inspect ED documents. Manish Sisodia and other accused appeared via video conferencing. Judicial custody extended till July 3.
'We have to convert Congress into cadre-based party', says D K Shivakumar
Karnataka Congress president D K Shivakumar emphasizes transforming the party into a cadre-based party by dissolving block units and introducing 'Congress Kutumba'. The initiative aims to bring in new faces and strengthen the party's structure.
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