BUSINESS
Demand for Retail Space in Malls and High Streets in Top 8 Cities Rises Nearly 5%: C&W Report
Data from real estate consultant Cushman & Wakefield indicates that the absorption or leasing of retail space in Grade-A malls and main high streets across the top eight cities stood at 5.53 million square feet during January-September 2024 against 5.29 million square feet in the corresponding period of the preceding year.
Adani Group CFO Denies Bribes, Asserts He Would Know if Large Cash Amounts Were Paid
"We are sure, 100 per cent, that nothing of this sort happened. Because if you are paying that much amount of cash to someone, I would certainly know," the CFO said reporters here on the sidelines of a Trust Group event.
Core Sector Industries Achieve 3.1% Growth in October
The cumulative growth rate of the Index of Eight Core Industries (ICI) for April to October, 2024-25 works out to 4.1 per cent with respect to the corresponding period of last year.
India Records 5.4% GDP Growth in Q2, Retains Status as Fastest Growing Economy
Although the GDP growth has slowed during the second quarter, India still remains the fastest growing major economy in the world as China recorded a 4.6 per cent growth during the July-September quarter.
Indian Startups Secure $9.2 Billion in VC Funding from January to October: Report
Deal volumes rose 5.8 per cent during the same period, indicating a renewed investor confidence in the market. The same period in 2023 saw 930 VC deals worth $6.4 billion.
Report Projects Strong Growth for India's Real Estate Sector
As many as 40 per cent of respondents anticipate sales growth, and 38 per cent expect market stability. Likewise, the office market is optimistic with strong confidence in key parameters such as leasing, supply, and rents, pointing to stakeholder optimism for strong performance over the coming months, the report adds.
ISRO Chairman Highlights Key Role of Private Sector and Startups in Space Activities
He said ISRO has identified hundreds of different sectors, which will benefit from research done for space missions, and talks with some selected industries have already started to transfer the technology to them.
India Sees Strong Growth in Iron Ore and Non-Ferrous Metal Production
Production of iron ore has gone up from 152.1 MMT in the first seven months of FY 2023-24 (April-October) to 158.4 MMT in FY 2024-25 (April-October). That indicates a good 4.1 per cent growth.
Trump Appoints Tough Negotiator to Head Trade Talks
In his Tuesday night announcement naming him US International Trade Representative (USITR), Trump hailed him for his key role "in imposing tariffs on China and others to combat unfair trade practices".
Credit Card Spending in India Surpasses ₹2 Lakh Crore in October
Credit card spending in October reached Rs 2.02 lakh crore, up 13 per cent year-on-year, as per latest data by the Reserve Bank of India (RBI).
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