Business & Finance

Ø  Superior quality new office spaces command up to 20% higher rental premium over average quoted rentals in select premium micro markets Ø  GCCs drive India office space demand, with 37% share in overall leasing activity of Q1 2024 INDIA, 9th May 2024  – Despite a cost-conscious mindset, occupiers across the Asia Pacific region are willing to pay higher rentals for superior quality offices, particularly in locations which facilitate talent acquisition, according to Colliers’ latest edition of Expert Insights | Asia Pacific Office Markets April 2024.  The report highlights the rising priority of APAC business leaders across industries to optimise resources, maximise savings and drive growth as they navigate a dynamic business landscape in 2024. India's top office markets too have ...

For FY ‘24, operating revenue increased by 15% and PAT surged by 43% Pune: May 10, 2024 Thermax, a leading provider of energy and environment solutions and a trusted partner in energy transition, reported its results for the fourth quarter ended March 31, 2024. The company recorded a consolidated operating revenue of Rs. 2,764 crore in the fourth quarter of FY 2023-24, 20% higher as compared to Rs. 2,311 crore in the corresponding quarter of the previous fiscal year. The Company’s consolidated profit after tax (PAT) stood at Rs. 188 crore (Rs. 156 crore), an increase of 20% over the corresponding quarter of FY 2022-23. The order balance for the quarter was Rs. 10,111 crore (Rs. 9,752 crore), up by 4% from the corresponding quarter of the previous fiscal year. The order booking for t...

Mumbai, May 08, 2024 : The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won multiple orders in India and abroad which stand testimony to its dominant position in the region’s clean energy space. The business has bagged orders to establish two Floating Solar Plants in India. The orders comprise a cumulative floating solar capacity of more than 150 MWac, in addition to a ground-mounted Solar PV of 120 MWac capacity. Floating Solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/ lake/ abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil works. There are other site-specific merits too, besid...

BENGALURU INDIA 2 MAY 2024 The Initial Public Offering (IPO) of Indegene Limited is going to hit the Indian primary market on 6th May 2024 i.e. on Monday next week.The bidding period will extend for three days, concluding on Wednesday, May 8, 2024. The company, which provides digital services to the life science industry, recently declared the Indegene IPO price band at ₹430 to ₹452 per equity share The proceeds from the fresh issue of equity shares are said to be utilized for the repayment and prepayment of indebtedness of one of its principal subsidiaries, ILSL Holdings Inc, and for meeting capital expenditure requirements of Indegene Inc, another key subsidiary of the company.Additionally, the funds will also be used towards general corporate purposes and inorganic growth. ...

Bengaluru, Karnataka, India Apr 29, 2024 16:30 IST The Offshore Development Centre will run global network support operations and cyber security services for HPE Aruba Networking.​ I Square Tek has Sony, HPE Aruba Networking, Mahindra Comviva, Lumen Technologies, Tata Communication among others as its clients. Bengaluru-based technology firm I Square Tek opened the India Offshore Development Centre for Hewlett Packard Enterprise Aruba Networking in Bengaluru on Sunday. Mr Prathap Rajendra and Ms Arunone Theer Shal from HPE Aruba Networking inaugurating the new ODC facility of I Square Tek in Bengaluru The Offshore Development Centre (ODC) of I Square Tek will provide 24x7 support for global Enterprise customers. I Square Tek is an emerging leader in Network...