 "Morgan Stanley’s record 1.1 million square feet lease in Mumbai signifies a major shift in India’s commercial real estate landscape.")
Morgan Stanley has made a significant move in the Indian commercial real estate Market by leasing 1.1 million square feet of office space in Goregaon, Mumbai. This nearly 10-year lease, valued at over Rs 2,122 crore, is one of the largest office deals in India for 2024. The bank has rented 16 floors of the ...
Chief Minister M K Stalin has criticized the Indian government’s proposal for simultaneous elections, calling it impractical and a distraction. In his remarks on social media, Stalin argued that the idea of “One Nation, One Election” overlooks the complexities of India’s diverse electoral landscape and threatens federalism. He pointed out the logistical challenges of aligning ...
India is experiencing a significant drop in exports to China, with a 22.44% decline to $1 billion in August, compared to an overall export decrease of 9% to $34.7 billion. Despite this contraction, China’s dependency as India’s largest import partner remains strong, with imports rising by 15.5% year-on-year to $10.8 billion. Key export items to ...
Electronics exports from India surged by 21.8 percent from April to August 2024, reaching $13.57 billion, primarily driven by mobile devices. Mobile device exports alone accounted for $7.56 billion, making up over half of total electronics exports. Key players in this growth include Apple Inc. and its Indian vendors—Foxconn, Tata, and Pegatron—who contributed 67 percent ...
Vinod Bhat highlights the Ministry of Home Affairs’ commitment to the Special Campaign 4.0, inspired by Prime Minister Modi’s vision of cleanliness and efficiency in government services. This campaign, taking place from September 15 to October 31, 2024, focuses on creating sustainable workplaces and clearing pending matters from various governmental bodies. It builds on previous ...
A recent working paper by the Economic Advisory Council to the Prime Minister highlights the impact of economic liberalization since the 1990s on various Indian states. Gujarat, Haryana, Karnataka, Tamil Nadu, and Delhi have seen significant increases in their share of the national GDP from 1990-91 to 2023-24. In contrast, Maharashtra’s GDP share declined from ...
 "India’s oil minister vows to purchase low-cost Russian oil, navigating sanctions while aiming to boost energy independence and gas usage.")
India is poised to continue purchasing oil from Russian suppliers due to favorable prices, as confirmed by Oil Minister Hardeep Singh Puri. With Western sanctions on Russia limiting oil prices, India is determined to buy from the cheapest sources, highlighting that they are not alone in this approach, as countries like Japan and various European ...
On Prime Minister Narendra Modi’s 74th birthday, Uttar Pradesh Chief Minister Yogi Adityanath celebrated by calling Modi the “charioteer” of India’s progress. At the Shri Kashi Vishwanath Temple, he performed a special puja and distributed a massive 74-kg laddu as prasad. Yogi highlighted the significant changes in India over the past decade, claiming the nation ...
 "Prime Minister Modi celebrates his birthday with an e-auction of 600 unique mementoes, spotlighting India’s rich cultural heritage.")
Prime Minister Narendra Modi celebrated his 74th birthday on September 17, 2024, by launching an e-auction featuring over 600 unique items, including a detailed model of the Ram Temple in Ayodhya and memorabilia from the 2024 Paris Paralympic Games. This sixth edition of the online auction, which began on Modi’s birthday, allows participants to bid ...
 "Ravi Mital, IBBI chairperson, urges insolvency experts to prioritize transparency, enhancing bids and strengthening India’s insolvency framework.")
Ravi Mital, the Chairperson of the Insolvency and Bankruptcy Board of India (IBBI), emphasized the importance of transparency among insolvency professionals during a recent conference in New Delhi. He urged professionals to enhance transparency in the resolution process, stating that this practice could lead to better bids and reduced financial haircuts. Mital highlighted the crucial ...
