World Updates
The largest lender in India, State Bank of India (SBI), has leased 134,000 square feet of office space in Newa Bhakti Knowledge City in the Airoli neighborhood of Navi Mumbai through the State Bank Global IT Center. It has leased premises from Newa Technocity (India) Pvt Ltd to establish a six-story global capabilities center (GCC). … Read more
Ares Management Corp.’s acquisition of a London building that is now occupied by Netflix demonstrates the alternative investment firm’s ongoing faith in the office market in the UK capital. The Copyright Building, at 30 Berners Street in Fitzrovia, London, was bought by the Los Angeles-based firm for about £160 million ($216 million), according to Bloomberg. … Read more
As investor anticipation increased following Apple CEO Tim Cook’s hint at a “big week” of new launches beginning next Monday, Redington Ltd. shares jumped about 15% in late afternoon trading and reached intraday gains of nearly 17% on Friday. Among the top gainers on the BSE Smallcap index, Redington Ltd.’s stock was trading at Rs … Read more
According to persons familiar with the situation, Indian vaccine maker Bharat Biotech International Ltd. is contemplating an IPO that might garner over $500 million. The individuals, who asked not to be named in order to discuss a private subject, added that discussions are still going on and that the deal’s specifics, such as its amount … Read more
The chairman and CEO of EY India, Rajiv Memani, warned that artificial intelligence (AI) could drastically separate winners and losers in the upcoming years while highlighting poor R&D spending and unequal manufacturing growth as major issues facing Indian industry on Friday. In order to remain competitive on a global scale, Memani stated that India’s corporate … Read more