SECONDARY BUSINESS DISTRICTS
Fintech startup Carta embroiled in legal drama with former CTO
Ex-CTO Jerry Talton accused chief executive officer Henry Ward in a suit filed Friday of misusing Carta resources and called Ward “charismatic, but insecure and narcissistic,” also comparing him to Don Corleone from The Godfather.
Bengaluru and Hyderabad continue to dominate Indian office space
As much as 380 million sq ft of Grade A office space and an additional 41 million sq ft of under-construction office stock, which is expected to enter the market by the end of 2023, hold the potential to be REIT, according to commercial real estate services provider Colliers. Bengaluru accounts for 25% of this, while Hyderabad follows with 19%, it said.
About two-third of the overall REITable stock in India falls in secondary business districts
Amongst these SBDs, the SBD of Hyderabad holds the highest quantum of REIT-worthy stock with 28% share, followed by Bengaluru at 24% Additionally, over 60% of the Grade A stock within SBDs is REIT-worth, mentioned Colliers.
Mubadala, others eye stake in I Squared's India gas business
I Squared, a US private equity firm focused on infrastructure investments, is present in the city gas distribution business in India through Think Gas Distribution and AG&P Pratham. The former also operates over 80 CNG stations.
Despite a tepid debut, Five Star shares zoom 20%. Time to book profits now?
Though the majority of analysts are not very bullish on the counter in the near term and suggest exiting the stock after a better-than-expected profit for the bidder.
Five Star Business Finance IPO opens today: Here's what brokerages are saying
The issue is entirely an offer for sale (OFS) by the promoters and existing shareholders of the company, aggregating to Rs 1,960 crore. The South-India-based shadow lender has trimmed its issue size from Rs 2,752 crore earlier.
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Bhagwant Mann approves draft Industrial and Business Development policy
The policy will attract Rs 5 lakh crore of investment in five years, increase the share of secondary sector in GSDP to 30 per cent and tertiary sector to 62 per cent and increase the employability of the youth through skilling and increase employment opportunities in the state, the release said.
Shenzhen districts locked down as China battles COVID outbreaks
CORONAVIRUS/CHINA (PIX)Shenzhen districts locked down as China battles COVID outbreaks
ICC-North East Initiative and NEDFi sign MoU to promote investment in the North East
The MOU was officially signed by Sarat Kumar Jain, Chairman, ICC Assam State Council and S.K. Baruah, Executive Director, North Eastern Development Finance Corporation Ltd (NEDFi) in presence of PVSLN Murty, CMD, NEDFI.
UP board's class 12 English exam cancelled in 24 districts after question paper leak
According to officials sources, the Special Task Force of the Uttar Pradesh Police has been pressed to look into the matter. Uttar Pradesh minister in charge of secondary education Gulab Devi said, "It appears that the English question paper of class 12 was leaked in Ballia. The matter is being looked into and the strict action will be taken against the guilty."
Mizoram to close schools for students of class 8 and below following spike in COVID-19 cases
The state government has also banned night church services and extended the duration of the existing night curfew in the state capital town of Aizawl and the district headquarters in view of the second COVID-19 wave, it said.
'Balanced and positive': Business leaders rate Sitharaman's 3rd Budget, many feel it ticks most of the right boxes
Here is a compilation of reactions - some welcoming the changes and some disappointed.
CBSE restructures affiliation system; process to be completely digital with least human intervention
The new system, which will come into effect from March 1, has been restructured as per various recommendations for systemic reforms laid down in the new National Education Policy (NEP).
Bengaluru witnesses increase in leasing activity in office market ending Q3
PBD and East Business District (EBD) dominated leasing activity, followed by NBD.
What the Doctor orders: Ground report on Ayushman Bharat from Uttar Pradesh and Bihar
A day after the Ayushman Bharat launch, ET travelled to Uttar Pradesh and Bihar for a ground report and also spoke with scheme CEO Indu Bhushan.
Haldiram's eyeing mega fund-raising round
Haldiram's had modest beginnings with a small shop in Bikaner in 1937.
Secondary business districts in demand across Indian office markets
Private equity player Milestone Capital Advisors recently acquired office space in The Capital building and has also leased it out to one of the co-working space provider.
Navi Mumbai office rentals jump the highest
The rise in rentals is indicative of a robust demand for office space and commercial activity in these markets.
Mumbai central business district no longer a hit with companies
Leading up to 2020, domestic corporations are expected to move up the value chain and look to give their staff more attractive working environments.
How Delhi lost a working day to demonetisation
People of Delhi appear to have spent an additional 10.5 hours of their life going to and waiting in banks since demonetisation.
Nearly 10.4 million sq ft office space absorbed during Apr-June: Report
According to the report by Collier International, nearly 10.4 million sq ft of office space was absorbed during second quarter of 2016, registering 18 per cent increase from January-March period.
Gujarat's Shiyal Bet lights up 70 years after Independence
For the first time since Independence, this nondescript island village in Arabian Sea off Gujarat coast, got uninterrupted power supply from Saturday.
Suburban office rentals are neck and neck with the central business districts
The trend that began with Mumbai has moved to other cities as well and started reflecting in the rentals commanded by some locations.
Navi Mumbai new business district master plan to be ready in six months
Master plan for new commercial business district spread over 125 hectares or 309 acres in Navi Mumbai will be finalized in the next six months.
Office space vacancy dips to 15% in 2015 from around 19% in 2013
Vacancy in Bengaluru has come down to 4% from 16% in 2011. In Pune, it is down to 5% from 18%, while Chennai has seen it easing from 32% in 2010 to 12.5%.
Yoga activities kept AYUSH ministry busy in 2015
The AYUSH Ministry also signed memorandum of Understandings with a host of countries for promotion of AYUSH systems.
Office space absorption up 11 per cent in Delhi-NCR
Office space absorption rose 11 per cent to 1.38 million sq ft in Delhi-NCR during the April- June quarter, on higher demand from IT/ITeS sector.
Oil and gas retailing: Changes to pivot around individual consumer
In two policy changes, one that is currently unravelling and another that is done, resides a promise to change the face of oil and gas retailing in India.
Government scraps freight subsidy on secondary movement of phospatic and potassic fertilisers
The government has scrapped the subsidy given to fertiliser companies on secondary movement of phospatic and potassic fertilisers from this fiscal.
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