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…
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New Delhi, March 29 (IANS): Ministers and senior officials attending the WTO’s 14th Ministerial Conference (MC14) in Africa’s Cameroon participated in a series of meetings to address key issues on the WTO agenda and to provide political direction for the post-MC14 work ahead, according to a statement issued by the multilateral body.The ministerial sessions addressed the issues of fisheries subsidies, the Investment Facilitation for Development (IFD) Agreement, the E-Commerce Work Programme and m…
New Delhi, March 26 (IANS) Hiring in India’s e-commerce and quick commerce sector has grown sharply by 35 per cent over the last two years, with companies increasingly focusing on technology and execution capabilities, a new report said on Thursday.According to a report by CIEL HR, total hiring demand in the sector rose from 73,320 roles in 2023 to nearly 98,750 roles in 2025.“This growth is also accelerating a structural shift in hiring, as e-commerce companies move beyond expansion-led rec…
New Delhi, March 25 (IANS) India will adopt a constructive, balanced and development-oriented approach at the upcoming WTO Ministerial Conference (MC14) — scheduled to be held from March 26-29 in Yaounde, Cameroon, the government said on Wednesday.India’s delegation will be led by Commerce and Industry Minister Piyush Goyal, along with senior officials, technical experts and representatives from various ministries.The discussion will focus on WTO reform, the e-commerce work programme and mora…
New Delhi, March 25 (IANS) India’s e-commerce and healthcare sectors lead hiring activity in the first half of FY 2026–27, even as digital skills continue to see strong demand across industries, according to a report released on Wednesday.The report by TeamLease Services highlighted that sector-wise, hiring demand is led by e-commerce and tech startups with a net employment change (NEC) of 8.9 per cent, followed by healthcare and pharmaceuticals at seven per cent, and manufacturing, engineerin…
New Delhi, March 24 (IANS) India’s consumption boom is set to significantly drive the growth of the domestic packaging industry, which is projected to reach $92 billion by FY30, according to a report released on Tuesday.The report by Avendus Capital has estimated that the Indian packaging market will grow at a CAGR of around 9 per cent over the next five years, outpacing the country’s GDP growth by nearly 1.3 times.The sector is increasingly being seen as a direct proxy for consumption trend…
New Delhi, March 21 (IANS) India can become a prosperous and wealthy nation by 2047,if the economy continues to grow at a strong pace and maintains a rate of 7 per cent over the long term, according to a new report.The Washington Examiner’s report noted that the country’s growth record has been impressive, with the economy expanding at an average annual rate of around 7 per cent.”If the country can maintain that growth rate for the next 20 years, India will reach the threshold of a high-income…
New Delhi, March 20 (IANS) India will make a strong pitch for further strengthening the world trade organisation (WTO) in its support for a fair multilateral global trading system, at a ministerial conference scheduled to be held in Cameroon from March 24–29 amid growing protectionism and geopolitical uncertainty around the world.The Indian delegation at the WTO conference will be led by Commerce and Industry Minister Piyush Goyal, who will accompanied by Commerce Secretary Rajesh Agrawal and …
New Delhi, March 7 (IANS) E-commerce marketplace Meesho has received an income tax demand of nearly Rs 1,500 crore for the assessment year 2023–24 and said it will challenge the order, stating that it disagrees with the tax department’s observations.The demand was issued through an assessment order under Section 143(3) of the Income Tax Act, 1961 along with a demand notice under Section 156.According to an exchange filing, the tax authorities have raised a total demand of Rs 1,499.73 crore, …
New Delhi, March 6 (IANS) Credit card spending in India rose 8.1 per cent year-on-year (YoY) to Rs 2.05 lakh crore in January 2026, driven by momentum in e-commerce transactions, a report showed on Friday.The report by CareEdge Ratings also said that public sector banks (PSBs) registered a 7.1 per cent YoY growth in outstanding cards — a significant jump compared to private banks.In terms of transactions, digital payments continued to dominate credit card usage, with e-commerce accounting for o…