Wednesday, October 28News That Matters

Business & Finance

BSE and MMTC-PAMP Join Hands to Strengthen India’s Electronic Gold Receipts Market

BSE and MMTC-PAMP Join Hands to Strengthen India’s Electronic Gold Receipts Market

Business & Finance
Collaboration to strengthen market participation, enable physical-to-electronic gold convertibility and advance transparency and efficiency in India’s bullion market.Mumbai. October 22, 2026: BSE Ltd, Asia’s oldest stock exchange, has entered into an agreement with MMTC-PAMP India Private Limited, India’s only LBMA-accredited gold and silver good delivery refiner, to support the development, promotion and growth of Electronic Gold Receipts (EGRs) in India. The collaboration seeks to accelerate adoption of EGRs by strengthening market infrastructure, improving participation across the gold value chain and supporting the development of a transparent, exchange- traded gold ecosystem in India. The partnership will focus on joint initiatives, stakeholder engagement, knowledge sharing...
Puravankara Signs JDA for 12.76-acre Land Parcel in Sathanur, Bengaluru, with Potential GDV of Rs 2,500 Crore

Puravankara Signs JDA for 12.76-acre Land Parcel in Sathanur, Bengaluru, with Potential GDV of Rs 2,500 Crore

Business & Finance
Monday, Oct 12, 2026 14:06:54Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and admired real estate developers, has signed a Joint Development Agreement (JDA) for a 12.76-acre land parcel in Sathanur, North Bengaluru, with an estimated Gross Development Value (GDV) of Rs 2,500 crore.The proposed development, with a saleable area of approximately 1.90 million square feet (msft), will strengthen the company’s residential development pipeline in Bengaluru and reinforce its focus on high-potential micro-markets and strategic land additionsCommenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said, “Our focus remains on strengthening Puravankara’s development pipeline through strategic land additions that o...
Occupancies in offices and malls edge closer to 90% by March 2027

Occupancies in offices and malls edge closer to 90% by March 2027

Business & Finance
The credit profiles of office players and mall operators are expected to remain stable in FY2027, supported by healthy net operating income (NOI) growth, resilient occupancies and contracted rental escalations. Comfortable leverage and debt coverage metrics should continue to support rating stability, notwithstanding portfolio expansion and incremental debt. This operating resilience is also reflected in the rating trend in 5M FY2027, with nine upgrades against one downgrade across office and retail mall developers. Key Highlights: India's office leasing outlook for FY2027 is expected to be anchored by the sustained expansion of global capability centres (GCCs), which continue to account for a significant share of incremental office demand. The ongoing migration of global functions...
9-month office space demand at 54.4 msf; Q3 2026 leasing also picks up by 7% on QoQ basis: Colliers India.

9-month office space demand at 54.4 msf; Q3 2026 leasing also picks up by 7% on QoQ basis: Colliers India.

Business & Finance, News
Office demand reaches 18.7 msf during Q3 2026, shows notable growth both on an annual and quarterly basisBengaluru continues to drive leasing with average quarterly space uptake of around 5 msf since 2025 During Jan-Sep 2026, India office market sees 7% YoY rise at 54.4 msf of leasing Flex space operators drive 23% of demand during Jan-Sep 2026 with 12.6 msf of space uptake; technology firms continue to dominate conventional leasing followed by BFSI firms During Jan-Sep 2026, new supply shows a modest 1% YoY growth at 41.7 msf across the top 7 markets Bengaluru, 28 September 2026: Office space demand across India’s top seven markets remained firm throughout the first three quarters of 2026, pushing cumulative leasing to 54.4 million sq ft, a 7% Year-on-Year (YoY) rise. ...
With 5M+ Paid Enrollments, PhysicsWallah Unveils Regional Language Playbook for South India Push.

With 5M+ Paid Enrollments, PhysicsWallah Unveils Regional Language Playbook for South India Push.

Business & Finance
Alakh Pandey Sets Two-Year Vision to Take PhysicsWallah’s Education Model Deep into South India​Bangalore/Chennai/Delhi, September 23, 2026:  “For the next 24 months, my life will be dedicated to students in South India, and I will be stationed here,” announced Alakh Pandey, teacher, founder, and CEO of PhysicsWallah (PW).​The announcement marks a strategic expansion for the education company—India’s fastest-growing EdTech company listing within five years of inception—boasting the country's largest and most engaged student community.​Addressing students at a recent event in Tirupati, Alakh Sir (as he is popularly known) shared his vision to empower learners across the nation to dream bigger. “Through our platform, I want to provide them the tools required to realise their pote...
Canara Bank Issues Public Advisory Ahead of Proposed Nationwide Strike from September 28–30.

Canara Bank Issues Public Advisory Ahead of Proposed Nationwide Strike from September 28–30.

Business & Finance
Public Advisory on Banking Services During Proposed Bank StrikeCanara Bank advises customers across the country to plan their banking transactions in advance and make maximum use of digital and alternate banking channels during the proposed nationwide bank strike from 28 Sep 2026 to 30 Sep 2026.Customers are encouraged to complete urgent branch-based transactions before the strike period to avoid inconvenience.Customers may conveniently access banking services through:UPI and QR-based payments Mobile Banking and Internet Banking ATMs and Cash Deposit Machines (CDMs) Debit and Credit Cards Point of Sale (PoS) terminals Bharat Bill Payment System (BBPS) Business Correspondents (BCs) and Customer Service Points (CSPs)Customers requiring cash withdrawals...
‘Puravankara Enters Delhi-NCR, Secures 13.44-acre Land Parcel in Greater Noida with Rs 5,200 Crore GDV Potential’

‘Puravankara Enters Delhi-NCR, Secures 13.44-acre Land Parcel in Greater Noida with Rs 5,200 Crore GDV Potential’

Business & Finance
Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, has entered the Delhi-NCR real estate market with the allotment of a 13.44-acre land parcel in Greater Noida through its wholly-owned subsidiary, Prudential Housing and Infrastructure Development Limited. The parcel has a saleable potential of ~4.57 million sq. ft. and an estimated Gross Development Value (GDV) of approximately Rs 5,200 crore. The entry into Delhi-NCR marks a significant step in Puravankara’s strategy to expand into high-growth residential markets beyond Southern and Western India, leveraging its strong brand and five-decade legacy of trust, quality and execution.Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limi...
Madhya Pradesh Rolls Out ₹8,000 Crore Incentive Package to Back India’s First Telecom Manufacturing Zone

Madhya Pradesh Rolls Out ₹8,000 Crore Incentive Package to Back India’s First Telecom Manufacturing Zone

Business & Finance
Department of Telecommunications Hosts Third Investors’ Roundtable in Bengaluru for Telecom Manufacturing Zone Focusing on Investment, Innovation and Domestic Manufacturing Union Minister of Communications  Jyotiraditya Scindia and Chief Minister of Madhya Pradesh Dr. Mohan Yadav Chair Investors Roundtable in Bengaluru “24 companies already on board, propose to invest ₹5,500 crore in Gwalior Telecom Manufacturing Zone”: Union Minister Shri Jyotiraditya Scindia Industry Engagement Focuses on Strengthening Domestic Telecom Manufacturing and Innovation Ecosystem; ~₹700 crores committed in Bengaluru Investor Roadshow for TMZ, Gwalior The establishment of India’s first integrated Telecom Manufacturing Zone (TMZ) is in line with Prime Minister  Narendra Modi's Vision of Aatmanirbhar Bharat a...
Tenthpin Unveils Cutting-Edge AI-Based Life Sciences Facility at Global Tech Park

Tenthpin Unveils Cutting-Edge AI-Based Life Sciences Facility at Global Tech Park

Business & Finance, News
Bengaluru, India, Sep 17, 2026: Switzerland based Tenthpin Management Consultants, a global leader in management and technology consulting for Life Sciences companies, today announced the launch of Innovation Hub in Bengaluru, establishing a Global Centre of Excellence dedicated to advanced therapies that delivers a cutting-edge AI and cloud-driven solutions that help organizations accelerate and transform complex gene, cell, and tissue treatments into life-saving medicines.By bringing together deep scientific expertise, and industry-leading technology partnerships, this centre serves as a hub for innovation to supports biotech and pharmaceutical organizations at every stage of the transformation journey from early-stage research and process optimization to scale-up, manufacturing, and...
CBRE Leads India Real Estate Investment Sales Activity in H1 2026, Captures More Than Half the Market

CBRE Leads India Real Estate Investment Sales Activity in H1 2026, Captures More Than Half the Market

Business & Finance, News
CBRE Retains Top Global Position With a Market Share of 23%New Delhi, India-Thursday, Sep 17, 2026 16:06:59 CBRE was the top-ranked firm for commercial real estate investment sales in India during the first half of 2026, according to MSCI Real Assets.MSCI Real Assets credited CBRE with a 55% market share across all property types in India in H1 2026 - more than half of all tracked investment sales activity in the country during the period.CBRE also held the top spot in two of India's most active asset classes: development sites (77% market share) and apartment/residential assets (100% market share)."Commanding more than half of India's investment sales market is a strong signal of the confidence investors continue to place in CBRE," said Anshuman Magazine, Chairman and ...