Friday, December 12News That Matters

Month: November 2025

Marriott International Announces Termination of Agreement with Sonder

Marriott International Announces Termination of Agreement with Sonder

Business & Finance
BETHESDA, Md., Nov. 9, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) today announced that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, "Sonder") is no longer in effect due to Sonder's default. As a result, Sonder is no longer affiliated with Marriott Bonvoy, and Sonder properties are not available for new bookings on Marriott's channels. Marriott's immediate priority is supporting guests currently staying at Sonder properties and those with upcoming reservations. Marriott will be contacting guests who booked directly through Marriott channels, including marriott.com, the Marriott Bonvoy App and Marriott's worldwide reservation centers, to address their reservation and booking needs.  Guests who booked through a third-party online travel agency shoul...
Knowledge Realty Trust, India’s largest REIT**, delivers strong results in its first quarter after listing.  Occupancy rises to 92%, NOI up 20% YoY; First distribution of Rs. 6,900 million

Knowledge Realty Trust, India’s largest REIT**, delivers strong results in its first quarter after listing. Occupancy rises to 92%, NOI up 20% YoY; First distribution of Rs. 6,900 million

Business & Finance
Mumbai, India, November 10, 2025: Knowledge Realty Trust (NSE: KRT / BSE: 544481), India’s largest** and most geographically diverse office REIT, today announced its quarterly and half-yearly results for the period ended September 30, 2025. Business Highlights: Delivered strong gross leasing of 1.8 million square feet in H1 FY26, comprising 1.2 million square feet of new leases and 0.6 million square feet of renewals, at a 29% average spread. Backed by strong leasing momentum, portfolio occupancy rose 340 bps YoY to 92%. Our core markets continue to benefit from the strong market fundamentals (Hyderabad 99% occupied, up 150 bps YoY; Mumbai 88% occupied, up 570 bps YoY and Bengaluru 88% occupied, up 410 bps YoY). GCCs and Domestic firms accounted for about 70% of our leasing a...
India’s real estate set for 20X leap by 2047, unlocking new urban growth corridors: Colliers-CII Report

India’s real estate set for 20X leap by 2047, unlocking new urban growth corridors: Colliers-CII Report

Business & Finance
With the potential to hit USD 10 trillion by 2047, real estate likely to account for 14-20% of the India’s GDP Annual office demand to solidify at 70-75 million sq ft, while industrial & warehousing demand likely to be around 30-40 million sq ft in the next few years Developer expansion in smaller cities, sustainable living, and redevelopment to gain traction in residential real estate Real estate maturity to be characterised by quantum growth in alternative asset classes like data centers, senior living, co-living etc. Emerging Tier II/III locations are expected to become front runners and drive accelerated real estate activity Gurugram, 06 November 2025: India’s real estate sector is at the cusp of a monumental and transformative journey and is projected to grow mult...
India’s first Startup Park inaugurated in Bengaluru

India’s first Startup Park inaugurated in Bengaluru

News
Bengaluru, November 7: “Karnataka is an ocean of opportunities. Beyond technology, the state offers immense potential across various industries. Young people must make the best use of these opportunities and move forward with confidence,” said Deputy Chief Minister of Karnataka, D.K. Shivakumar, after inaugurating India’s first Startup Park in Bengaluru today. The Startup Park, conceptualized and developed by Ique Ventures, is India’s first fully integrated Startup Innovation Hub. It offers a wide range of resources including incubation, mentorship, investor access, and international networking — all under one roof. The ambitious project aims to nurture over 10,000 startups, create 1,00,000 jobs, and attract ₹50,000 crore in investments into Karnataka’s economy by 2030. Located on Hosur...
AIAMA EXPO 2025 inaugurated by Smt. Shobha Karandlaje, marks a new era for India’s agarbathi industry with BIS certification launch

AIAMA EXPO 2025 inaugurated by Smt. Shobha Karandlaje, marks a new era for India’s agarbathi industry with BIS certification launch

News
Bengaluru, November 6, 2025: The All India Agarbathi Manufacturers Association (AIAMA) inaugurated AIAMA EXPO 2025, India’s largest international conference and exhibition for the agarbathi industry at Tripura Vasini, Palace Grounds, Bengaluru. The three-day event, themed ‘Traditionally Modern,’ was inaugurated by Smt. Shobha Karandlaje, Union Minister of State for Micro, Small and Medium Enterprises. She also unveiled the Bureau of Indian Standards (BIS) Certification, to establish a new quality benchmark to elevate India’s incense manufacturing to global standards. Speaking at the inauguration, Smt. Shobha Karandlaje, Union Minister of State for Micro, Small and Medium Enterprises, said, “The Indian agarbathi industry is the essence of our culture, craftsmanship and sacred prayer. ...

American Gambits Announce FYERS as Title Sponsor, Heralding a New Era in Chess

News
PHOTOS BY P.K .ANANTH KUMAR FYERS supports one of the Global Chess League's most data-driven teams, extending its technology-first ethos beyond capital markets Bengaluru, 6th November 2025 – The American Gambits, one of the most innovative and tech-driven franchises in the Global Chess League, are delighted to announce FYERS, a technology-first brokerage and investment platform as their Title Sponsor. As part of the announcement, the team also unveiled its official jersey at the event presided by Prachura PP, Co-owner of American Gambits, Tejas Khoday, CEO and Co-founder of FYERS, and Lucky Saini, Senior Vice President and Marketing Head, FYERS. Through this strategic three-year partnership, FYERS will support American Gambits’ growth and performance, both on and beyond the chessbo...
Embassy REIT Reports Stellar Q2 FY2026: Quarterly Distributions Hit All-Time High with 12% YoY Growth, Occupancy at 93%

Embassy REIT Reports Stellar Q2 FY2026: Quarterly Distributions Hit All-Time High with 12% YoY Growth, Occupancy at 93%

Business & Finance
Bengaluru, Karnataka, India -- Portfolio occupancy rises to 93% by value*  Leased 1.5 msf this quarter across 20 deals to leading GCCs and corporates Highest-ever quarterly distributions of Rs. 617 crores since listing in April 2019 Revenue up 13% YoY to Rs. 1,124 crores; Net Operating Income rises 15% YoY to Rs. 927 crores Development pipeline of 7.2 msf in Bengaluru and Chennai at an attractive yield on cost. Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the second quarter ended September 30, 2025. Amit Shetty, Chief Executive Officer of Embassy REIT, said, “We are pleased to report an outstanding quarter across our business - from strong le...
Strict instructions to officials to promptly respond to citizens’ complaints: Rajendra Cholan

Strict instructions to officials to promptly respond to citizens’ complaints: Rajendra Cholan

News
Bengaluru, Nov. 3: 44 citizens raised a total of 49 grievances during the Phone-in Programme “Hello, Namaskara, this is Rajendra Cholan, Commissioner, Bengaluru Central City Corporation. Where are you calling from and what is your concern?” — In order to directly hear and address public grievances from citizens within the Central City Corporation limits, Commissioner Rajendra Cholan interacted with callers during today’s Phone-in Programme. The Commissioner personally listened to the complaints received from citizens and issued on-the-spot instructions to the concerned officials to resolve the issues within a fixed timeframe. He directed all officers to ensure timely and effective redressal of grievances. In today’s first-ever Phone-in Programme organized by the Bengaluru Centr...
Close down hostels operating in violation of guidelines: Lokhande Snehal Sudhakar

Close down hostels operating in violation of guidelines: Lokhande Snehal Sudhakar

News
  Bengaluru, Nov. 4: Additional Commissioner (Development) of Bengaluru East City Corporation, Lokhande Snehal Sudhakar, chaired a review meeting today to assess the progress of the Health Department. The meeting covered key areas including national health programmes, birth and death registration, Indira Canteens, hostels, food safety and quality, and trade licensing. National Health Programmes: The Additional Commissioner reviewed the implementation of health programmes under the corporation’s limits and instructed officials to: * Conduct larval surveys and conduct “Dry Days” regularly as a preventive measure against dengue. * Collect monthly reports from all hospitals to ensure strict monitoring of tuberculosis control measures. * Ensure effective distribution o...
Complete the Kanteerava Stadium Stormwater Drain Work on Priority: Rajendra Cholan

Complete the Kanteerava Stadium Stormwater Drain Work on Priority: Rajendra Cholan

News
Bengaluru, Nov. 05: Bengaluru Central City Corporation Commissioner Rajendra Cholan has instructed officials to expedite and complete the ongoing stormwater drain work at Kanteerava Stadium at the earliest. During his inspection of various areas within the Corporation limits today, the Commissioner stated that waterlogging occurs in and around Kanteerava Stadium during the rainy season. To prevent this, work is underway to raise the height of the stormwater drain retaining wall. He directed the officials to ensure the project is completed swiftly. Due to the ongoing drain work, athletes and children using the stadium are facing inconvenience. Hence, the Commissioner emphasized the need to complete the work immediately and to implement measures to prevent flooding in the area. P...