Bengaluru's office rentals have surged by 26% in five years, reaching Rs 93 per square foot in 2024. Key cities like Hyderabad and Chennai also saw significant increases, driven by expanding IT infrastructure and skilled workforce, while Delhi-NCR recorded the slowest growth among the seven major property markets.
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Oil prices declined following President Trump's statement about convincing Saudi Arabia and OPEC to reduce crude costs. WTI futures dropped below $75 and Brent below $79. The OPEC and its allies aim to support prices by limiting output with potential plans to gradually revive production starting in April.
Nissan and Honda are exploring a potential collaboration to enhance competitiveness. Indian and global automakers and two-wheeler manufacturers are increasingly forming alliances to improve efficiencies, reduce costs, and gain access to advanced technologies.
HCLTech celebrated its 25th IPO anniversary with a bell-ringing ceremony at NSE in Mumbai. Over 25 years, an Rs 58,000 investment during its IPO reached about Rs 32 lakh. The company announced a special dividend and highlighted its growth to over 220,000 employees worldwide.
A strong March rally is now uncertain as Foreign Institutional Investors sold off over Rs 10,255 crore in Indian stocks. As markets await US President Trump's tariff announcement, concerns about potential global risks loom. Experts suggest that while volatility may persist, long-term investors could cautiously start deploying capital, given India's robust economic fundamentals.
India's GDP is projected to grow between 6.5% and 6.8% in 2024-25 with potential growth of 6.7% to 7.3% the following year. Economic challenges are noted, including sluggish global trade and investment. Positive aspects include strong rural consumption, thriving services sector, and resilient capital markets, despite geopolitical tensions.
India's GDP growth is projected to stay steady at 6.5% for fiscal 2026 due to cooling food inflation, tax benefits, and lower borrowing costs. Despite global uncertainties like US-led tariff wars, robust infrastructure expansion and economic reforms are expected to support short-term and medium-term growth.
The Indian government is reviewing the import basket to consider sourcing certain items from the US, aiming to improve trade balance amid Trump's concerns over high import tariffs. India targets sectors like pharma and electronics as potential beneficiaries due to increased tariffs on Chinese imports and security restrictions on China.
India needs a tax buoyancy of 1.2-1.5 to achieve a 6.5-7% growth rate, according to an EY report. To support this growth, the government may need to boost the tax-to-GDP ratio to 14% by FY31. Enhancing tax buoyancy, managing expenditures, and continuing structural reforms are crucial for sustainable growth. India's projected GDP growth for the next fiscal is 6.3-6.8%.
Optiemus Unmanned Systems partnered with Germany’s LS Spectrum Solutions to market and distribute drone-based spectrum analysis solutions in India, supporting the 'Make in India' initiative. This collaboration aims to enhance spectrum monitoring for sectors including defense and aviation, addressing unauthorized cellular activity, and enabling real-time monitoring of communication frequencies for improved management.
India will not immediately restrict laptop imports, expecting local production to grow through initiatives like the Rs 17,000 crore PLI scheme by companies such as HP and Dell. Additionally, the government is finalizing an enhanced financial incentive plan to attract new semiconductor investments.