ITeS
Multi-national firms have invested nearly Rs 2,500 crore in fewer than three years to buy office space in India as against leasing it, property consultant Cushman & Wakefield said. With rising rents in prime markets where MNCs operate, the consultant said that there is cost benefit in the long term in buying office spaces rather [...] Continue Reading »
We Indians always believe that the nation is good in offering services be it in IT, manufacturing or ITeS, however innovation is not our cup of tea. There is some new information which may shatter this belief. Five Indian companies, including Hindustan Unilever and Tata Consultancy Services (TCS), are among the Forbes’ list of the [...] Continue Reading »
There is some good news for the land owners in Uttar Pradesh. The Uttar Pradesh government today decided to give two times of the circle rate in urban areas and four times compensation in rural areas to the land owners. This will be done in the case of land acquisition. The decision was taken during [...] Continue Reading »
Post many cautious years of M&A and investment activity, India stands at a very important juncture and expects a turnaround in the corporate M&A deals, as the interest in strategic alliances and risk appetites keeps on growing as stated in a report. Again cash companies have started to focus on the investments along with a [...] Continue Reading »
West Bengal aims to increase its share of revenues from IT, ITeS and Electronic Systems Design and Manufacturing (ESDM) segment. During the CPIM regime due to frequent strikes, old industries had closed down and the new industries did not open fearing losses and closure. Trinamool Congress led government is trying to change the face of [...] Continue Reading »
The new CEO’s are looking happy with the announcement in this year’s union Budget while they plan to make an increment in their investments. The survey conducted by industry chamber FCCI, revealed the aforesaid last week. The union budget is thus being taken very positively in the industrial sector. The survey said that the CEO’s [...] Continue Reading »
The city has been developing rapidly over past decade and a half. The city is close to Mumbai, and is strategically located on the Central Railway main line and the Mumbai-Agra National Highway. It is the new centre of industries, commerce, administration, education, production and marketing. The city has has three well-developed industrial estates at [...] Continue Reading »
Bangalore- Buyers promoting green living seems to have influenced the real estate market of Bangalore. Standard facilities like indoor/outdoor games, club houses, swimming pools, etc are no more luring prospective buyers. Consequently this trend has aimed towards increasing demand for townships in Bangalore with more greenery and open spaces. Manjunath, the MD of Soukyam, said [...] Continue Reading »
According to Knight Frank report, the real estate sector will continue to remain a good investment destination with properties in several residential areas in selected cities likely to appreciate by 91-145 per cent over the next five years. High possible return on investments ranging between 18.6% and 29% per annum over the next five years [...] Continue Reading »
The first two quarters of the ongoing year 2012 have seen 21% decrease in office space absorption across key metro cities in India. The office space absorption in this year being 13.4 million square fee while it was 16.9 million square feet at the same period in 2011. According to the latest Cushman & Wakefield [...] Continue Reading »
