Wednesday, May 21News That Matters

Business & Finance

How Much Does a ₹1 Crore Term Insurance Plan Cost in 2025?

How Much Does a ₹1 Crore Term Insurance Plan Cost in 2025?

Business & Finance
Friday, May 16, 2025 18:05:07 New Delhi [India], May 16: Term insurance is a very simple and effective way of securing your family's financial security in case of an unforeseen event. With growing living expenses and a growing lifestyle, an ₹1 crore term insurance policy has become a favourite for those evaluating a high-flying financial pillow. But how much does such a cover cost in 202,5 and how is the price determined? Let's dig deeper to form a better scenario. What Is Term Insurance? Term insurance is life insurance that allows for payment of premiums for a specific term or term. On the death of the insured person within the term, then the amount assured is awarded to the nominee in order to help them obtain money during a difficult time. Term insurance is free from the matur...
Opening of Online Portal for The Fourth Round of Registration for New Sainik Schools Under Partnership Mode

Opening of Online Portal for The Fourth Round of Registration for New Sainik Schools Under Partnership Mode

Business & Finance
15 MAY 2025 6:34PM by PIB Delhi Ministry of Defence has opened an online web portal (https://sainikschoolsociety.in) for the registration of eligible and interested applicant schools, effective from May 15, 2025 to June 14, 2025, as part of Government’s initiative of setting up of 100 New Sainik Schools in partnership with State Government/NGOs/Private Sector under the Sainik School Society. Interested Schools/Trusts/NGOs etc may visit the web portal for registration and seize this opportunity. Government of India's vision of setting up of 100 New Sainik Schools is not only to provide quality education to the students in tune with National Education Policy and give them better career opportunities including joining the Armed Forces but also to provide an opportunity to the State Gove...
Lena Julle: Inter IKEA Group’s new Chief Sustainability Officer

Lena Julle: Inter IKEA Group’s new Chief Sustainability Officer

Business & Finance, World
30 April 2025- Lena Julle will take on the role as Inter IKEA Group’s Chief Sustainability Officer, effective 1 May, 2025. Lena has been serving as the Acting CSO since September 2024, while also being the Sustainability Manager at IKEA Range, leading and contributing to the development of sustainable products and solutions for IKEA customers around the world to enable healthy, affordable and low-impact everyday life. With over 30 years experience at IKEA, Lena has been instrumental in advancing the IKEA climate, circularity and the overall sustainability agenda. “The IKEA goal – to be more affordable, accessible, and sustainable, especially for those with limited budgets – resonates deeply with me since I began my journey at IKEA. Creating smart, well-designed, functional products...
Blackstone Real Estate to Acquire 6M SF Industrial Portfolio Developed by Crow Holdings for $718M

Blackstone Real Estate to Acquire 6M SF Industrial Portfolio Developed by Crow Holdings for $718M

Business & Finance
New York & Dallas – April 10, 2025 – Blackstone (NYSE: BX) and Crow Holdings, a leading real estate investment and development firm, today announced that Core+ funds affiliated with Blackstone Real Estate have agreed to acquire a 95 percent stake in an industrial portfolio developed by Crow Holdings for $718 million. Crow Holdings and its partners will retain 5 percent ownership. The portfolio consists of 25 Class A buildings totaling 6 million square feet and is predominantly located in high-barrier submarkets in Dallas and Houston, two of the top-performing U.S. logistics markets. David Levine, Co-Head of Americas Acquisitions for Blackstone Real Estate, said: “This transaction is another example of Blackstone Real Estate deploying capital during this period of market volatility. ...
Average home price rises 9% Y-o-Y in top 9 cities in FY25: PropEquity

Average home price rises 9% Y-o-Y in top 9 cities in FY25: PropEquity

Business & Finance
The weighted average price of new launches in Southern cities (Bengaluru, Chennai and Hyderabad) continue to be in sub-Rs 10,000 per sq. ft. level in FY25 The weighted average price of new launches in Pune has breached the Rs 10,000 per sq. ft. mark in FY25 Mumbai and Navi Mumbai saw price decline of 3% each Chennai remains the least expensive housing market amongst top 9 cities with average launch price at Rs 7989 per sq. ft. while Mumbai remains the most expensive at Rs 34,026 per sq. ft. New Delhi, April 10, 2025: The weighted average launch price of homes in India’s top 9 cities rose by 9% in FY 2024-25 to Rs 13,197 per sq. ft. as compared to Rs 12569 per sq. ft. in FY 2023-24, said a report by NSE-listed data analytics firm PropEquity.The top 9 cities are Bengaluru, Chen...
India Defies Global Office Rental Slump; Office Rentals Continue Upward Trend – Vestian

India Defies Global Office Rental Slump; Office Rentals Continue Upward Trend – Vestian

Business & Finance
New Delhi, 10th April 2025:  While global office rental markets continue to face headwinds, India’s office sector is bucking the trend with sustained growth in office leasing and rentals. According to research by Vestian, 2024 reported the highest ever leasing of 70.7 Mn sq ft, registering an annual increase of 16%. Sub-dollar rentals across India’s top seven cities fuelled this momentum, making the country a key outlier in an otherwise subdued global landscape. In stark contrast to major global cities like New York, Seattle, Boston, Hong Kong, and Shanghai, which have witnessed rental declines over the last five years, India witnessed a steady upward movement. Notably, while some Western markets such as London and Miami posted increases of 31% and 53% respectively, the broader global s...
RBI Issues April 2025 Policy Update

RBI Issues April 2025 Policy Update

Business & Finance
09 APR 2025 6:14PM by PIB Delhi RBI Cuts Repo Rate to 6%, Projects 6.5% GDP Growth for FY 2025-26 Introduction The Monetary Policy Committee (MPC), in its 54th meeting and the first of the financial year 2025–26, unanimously decided to reduce the policy repo rate by 25 basis points, bringing it down to 6 per cent with immediate effect. The repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks, and a cut in this rate is aimed at boosting lending and investment. This decision comes at a time when global economic conditions are becoming increasingly uncertain. Trade tensions have resurfaced, leading to a decline in crude oil prices, weakening of the US dollar, softening bond yields, and corrections in equity markets. While central banks across t...
Dalmia Bharat achieves its target of 49.5 MTPA production capacity by FY25

Dalmia Bharat achieves its target of 49.5 MTPA production capacity by FY25

Business & Finance, News
Commences Commercial Production of additional capacity at its Rohtas Plant in Bihar to support growing demand in the East Bengaluru, 31st March 2025 :   Dalmia Bharat Limited (DBL), India’s leading cement company, has achieved its target of 49.5MTPA for FY25 with the commencement of commercial production of an additional 0.5 MTPA at its Rohtas Cement Works (RCW) plant in Bihar effective 30th March 2025. This strategic expansion with an investment of Rs. 96 crores at the existing integrated unit increases the plant’s total capacity to 1.6 MTPA. The commissioning of Line 2 reinforces DBL’s commitment to strengthening its market presence in the Eastern region and aligns with its long-term vision of scaling capacity to 110-130 MTPA by 2031.   Commenting on the expansion, Mr. Puneet Dalmia...
Bennett Coleman And Company Limited (The Times of India Group) Acquires Four Commercial Spaces in Mumbai for a total of Rs. 262 Crore: Square Yards

Bennett Coleman And Company Limited (The Times of India Group) Acquires Four Commercial Spaces in Mumbai for a total of Rs. 262 Crore: Square Yards

Business & Finance, PROPERTY MATTERS
Mar 28, 2025 Bennett Coleman And Company Limited (The Times of India Group) has acquiring four commercial spaces in Santacruz East, Mumbai. The total transaction value across these deals amounts to Rs. 261.9 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) https://igrmaharashtra.gov.in. All the four transactions were officially registered in March 2025. Santacruz East, strategically located in Mumbai’s western suburbs, is a sought-after commercial destination due to its proximity to key business districts such as Bandra Kurla Complex (BKC) and seamless connectivity via the Western Express Highway, Santacruz railway station, and the Mumbai Metro. The area is known for its commercial complexes, co...
Confluent Kicks Off Current 2025 in Bengaluru

Confluent Kicks Off Current 2025 in Bengaluru

Business & Finance
Bengaluru, Karnataka, India  Mar 12, 2025 12:49 IST Confluent, Inc., the data streaming pioneer, announced today that its flagship event Current 2025 will debut in Bengaluru, India on March 19, marking the first-ever Current conference in the Asia-Pacific region. Formerly known as Kafka Summit Bangalore, Current Bengaluru will bring together 45 speakers to deliver more than 35 dynamic sessions at the Sheraton Grand Bengaluru Whitefield. Current 2025 will delve into the heart of data streaming technologies, showcasing how organizations are leveraging Apache Kafka®, Apache Flink® and Apache Iceberg® to power real-time applications and generative AI use cases. Attendees will have the opportunity to learn from industry experts, connect with peers, and explore the latest trends in dat...