Sunday, April 5News That Matters

Business & Finance

Paisabazaar and YES BANK Announce Upgraded PaisaSave Credit Card with Enhanced Dining and Travel Benefits

Paisabazaar and YES BANK Announce Upgraded PaisaSave Credit Card with Enhanced Dining and Travel Benefits

Business & Finance
Gurgaon | Mumbai, IndiaPaisabazaar, India’s largest consumer credit marketplace and free credit score platform, and YES BANK, India’s sixth largest private sector bank, have announced the launch of the upgraded YES BANK Paisabazaar PaisaSave Credit Card. This co-created credit card now offers one of the highest dining and travel cashback benefits in its category.With a powerful 6% cashback on dining and travel spends, the revamped PaisaSave Credit Card delivers strong value with no joining fee​ With a powerful 6% cashback on dining and travel spends, the revamped PaisaSave Credit Card delivers strong value with no joining fee, making it an ideal choice for consumers who are avid travellers, foodies and frequent diners. The upgraded card also offers savings on day-to...
₹2,000 Crore Bet on Bengaluru: SPA Group Unveils Its Bold 2026–27 Vision with Four Landmark Developments

₹2,000 Crore Bet on Bengaluru: SPA Group Unveils Its Bold 2026–27 Vision with Four Landmark Developments

Business & Finance
Bengaluru, India | 18 December 2025: SPA Group has unveiled its bold roadmap for 2026–27, announcing plans to develop four landmark residential and lifestyle projects across Bengaluru with an approximate investment of ₹2,000 crore. The move marks one of the Group’s most ambitious expansion phases and signals a strong vote of confidence in Bengaluru’s long-term growth story. Best known for shaping iconic, nature-forward communities such as Frangipani Estates and Ecocity, SPA Group is now entering a new chapter—one that blends its deep-rooted values with a sharper, more future-ready development approach. The upcoming projects reflect a clear shift toward experience-led, hospitality-inspired living designed for modern urban families. Over the next two to three years, the Group will roll out...
Holcim to acquire majority stake in Cementos Pacasmayo

Holcim to acquire majority stake in Cementos Pacasmayo

Business & Finance, World
Acquiring leading building materials producer in Peru to accelerate profitable growth Strengthens Holcim’s presence in very profitable region of Latin America, with projected 2025 net sales of USD 630m and EBITDA margin of 28% Strategic value-accretive acquisition expected to deliver run-rate EBITDA synergies of around USD 40m in year three, EPS accretive in year one Acquisition is fully in line with Holcim's NextGen Growth 2030 strategy and a milestone in expansion of Latin America Zug | 16 December 2025Holcim is acquiring a majority stake in Cementos Pacasmayo, a leading Peruvian producer of building materials with projected 2025 net sales of USD 630 million and an EBITDA margin of 28%. The synergistic acquisition will expand Holcim’s presence in the country and accelerat...
BHIVE Set to Close ₹400 Crore Pre-IPO Fundraise to Accelerate Expansion and IPO Journey

BHIVE Set to Close ₹400 Crore Pre-IPO Fundraise to Accelerate Expansion and IPO Journey

Business & Finance
Bengaluru, India| 16th December 2025 – BHIVE Workspace, Bengaluru’s largest coworking operator, is in advanced stages of raising up to ₹400 crore as part of its ongoing pre-IPO funding round, strengthening its balance sheet and supporting the next phase of national expansion.The fundraise comprises a significant debt component from a consortium of lenders, along with an equity infusion of approximately ₹100 crore that is in advanced stages of closure. The equity round has seen strong interest from high-net-worth individuals (HNIs), family offices, and several existing investors. This pre-IPO round represents a key milestone as BHIVE progresses toward its targeted IPO in 2027.Shesh Rao Paplikar, Founder and CEO of BHIVE Workspace, said, “Bengaluru is India’s largest and most competi...
Colliers Secures Full Ownership of India Business to Accelerate Growth and Market Leadership

Colliers Secures Full Ownership of India Business to Accelerate Growth and Market Leadership

Business & Finance
Gurgaon, 9th December 2025: Colliers, a leading diversified professional services and investment management company, today announced that it has acquired 100% ownership of its business in India. This strategic milestone underscores Colliers’ confidence in the Indian market and its commitment to driving accelerated growth in one of the world’s most dynamic and fast paced real estate landscapes.India is a key growth engine for Colliers globally, and this move positions the firm to deepen client relationships, invest in talent and technology, and build market-leading capabilities across all service lines. With new leadership in place, Colliers India is entering a transformative chapter aligned with the company’s vision, focused on innovation, sustainability, and delivering exceptional out...
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 GDPAnnual 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 activityGurugram, 06 November 2025: India’s real estate sector is at the cusp of a monumental and transformative journey and is projected to grow mult...
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...
Holcim to acquire Xella

Holcim to acquire Xella

Business & Finance
Zug | 20 October 2025-A European leader in sustainable and innovative walling systems with projected 2025 net sales of around EUR 1 bn in a highly attractive market Complementary sustainable product offering to Holcim powered by leading premium brands Ytong, Silka, Hebel and Multipor Strategic value-accretive acquisition to deliver run-rate EBITDA synergies of EUR 60 million in year three, EPS accretive in year one A milestone in Holcim’s NextGen Growth 2030 strategy shaping the future of sustainable constructionHolcim has signed a binding agreement to acquire Xella, a European leader in sustainable and innovative walling systems with projected 2025 net sales of around EUR 1 billion. Xella is home to premium sustainable brands such as Ytong, Silka, Hebel and Multipor and...