Mumbai, April 25 (IANS) The domestic equity markets closed on a weak note this week, with benchmark indices declining about 2 per cent amid escalating tensions in West Asia, a sharp spike in crude oil prices, and heavy selling in IT stocks weighing on sentiment.On a weekly basis, headline indices Sensex and Nifty ended lower, falling 2.3 per cent and 1.9 per cent, respectively.However, broader markets showed relative resilience, with the BSE Midcap and BSE Smallcap indices slipping just 0.6 per …
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New Delhi, April 13 (IANS) The office leasing market in India witnessed a 10 per cent year-on-year (YoY) growth to 21.6 million sq ft in the first quarter of 2026, marking the strongest leasing activity in the past five years, according to a report released on Monday.According to the Savills India report, in terms of supply, the activity declined by 28 per cent year-on-year to 7.9 million sq ft, while the overall vacancy rate eased to 13.9 per cent during the same period, supported by steady lea…
New Delhi, April 13 (IANS) Pi Data Centers on Monday announced the Phase I launch of a 3-megawatt data centre facility in central Mumbai, with operations set to begin in August 2026.The property consultancy firm JLL said it served as exclusive adviser on the lease transaction for Pi’s first Mumbai facility and is advising on a 23-megawatt expansion for “hyperscale, colocation and cloud data centre capacity.”The Mumbai site will complement Pi’s existing 60-megawatt hyperscale capacity in Amar…
New Delhi, April 6 (IANS) Global capability centres (GCCs) leasing in India reached a record 9.1 million square feet in the January-March period this year — the highest quarterly GCC absorption on record, a report showed on Monday.This comes against the backdrop of the country’s overall office sector registering a gross absorption of 20.7 million sq ft — the highest level recorded for any quarter, according to the report by CBRE South Asia Pvt Ltd.As compared to 19.7 million sq ft in Q1 2025…
New Delhi, March 26 (IANS) India’s office real estate market has begun 2026 on a strong note, with leasing activity touching 18.3 million square feet in the January–March quarter, a report said on Thursday.This marks a 15 per cent increase compared to the same period last year, according to a report by Colliers India.The growth was largely driven by major cities like Bengaluru and Hyderabad, which together accounted for nearly half of the total leasing activity at 8.7 million square feet.Oth…
New Delhi, March 19 (IANS) Tier‑2 cities now host over 575 flex centres and about 8.8 million sq ft of flex stock, representing nearly 29 per cent of the nation’s flex centres and over 9 per cent of pan‑India flex stock, a report said on Thursday.The report from Vestian said Ahmedabad led the tier 2 cities accounting for 22.7 per cent of flex stock.Ahmedabad was followed by Kochi at 10.2 per cent, Indore at 10.1 per cent, Jaipur with 8.5 per cent of Tier-2 flex stock and Coimbatore with 8….
Bengaluru, March 18 (IANS) Nearly one in three job postings in India now signal urgency, using terms such as “Immediate Joiner” or “Short Notice, highlighting employers’ growing preference for professionals who can onboard fast and can contribute from day one, a report showed on Wednesday.The ‘Employer Hiring Urgency Index’ has risen to 158 in 2026 (from 100 in 2022), while ‘Immediate Joiner Availability’ has reached only 112, creating a widening structural talent gap, according …
Bengaluru, March 17 (IANS) India’s office market is poised to sustain its growth trajectory this year, with Grade A demand projected at 70-75 million square feet and new supply at 60-65 million square feet, a report showed on Tuesday.Global capability centres (GCCs) have evolved from traditional back-offices to innovation-driven, domain specialised, technologically integrated centres and are set to drive 30-35 million sq ft of leasing in 2026, accounting for 40-50 per cent of the Grade A offic…
New Delhi, March 3 (IANS) The domestic compensation landscape is evolving towards a more selective, skills-aligned wage cycle, according to a report released on Tuesday, adding that professionals expect salary increments of 6–10 per cent.High-demand domains such as AI, digital technology, electric vehicles (EV), and specialised technical roles see expectations above 10 per cent, the Adecco India ‘2026 Salary Guide’ stated.It highlighted talent shortages in niche areas, rising labour costs,…
New Delhi, Feb 23 (IANS) Around 70 per cent of jobs in India are hosted in non‑metro India, with Tier‑3 cities alone accounting for 40 per cent of employment and Tier‑2 hubs a further 29 per cent compared with 31 per cent in Tier‑1 cities, a report said on Monday.The staffing firm Quess Corp said in the report that The BFSI & Manufacturing sectors contribute to over 45 per cent of workforce from Tier 3 towns, while retail contributes 33 per cent.These opportunities are concentrated a…