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Flex office space operators leases 1.6 million sq ft in tier 2 cities

Flexible office space operators are leasing space in tier 2 cities like Ahmedabad, Indore, Lucknow, and Bhubaneswar. According to CBRE, flex office space operators took 1.6 million sq ft in 2023 in 10 tier 2 cities. The report highlights the potential of markets such as Chandigarh, Jaipur, Coimbatore, Thiruvananthapuram, and Vishakhapatnam.

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VA Tech Wabag & Peak Sustainability Ventures to set up 100 bio-CNG plants

VA Tech Wabag Limited (WABAG) has signed an agreement with Peak Sustainability Ventures (Peak) to establish 100 Bio-CNG plants in India, GCC, Africa, and Europe. The collaboration aims to generate over 73 Million Kgs of Bio-CNG per annum, reducing the need for fossil fuels. Wabag will be responsible for execution, commissioning, and operation of the plants, while Peak will provide energy-related inputs and assist in raising capital.

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Mumbai: Sunteck Realty inks pacts for Rs 3,000 crore projects in Mumbai's Nepean Sea Road, Bandra

Real estate major Sunteck Realty has entered into agreements to redevelop two prime projects valued at over Rs 3,000 crore in Nepean Sea Road and Bandstand localities of South Mumbai. The projects, spread over 1.5 acres, are expected to generate a sale potential of over 3 lakh sq ft. Sunteck Realty's portfolio will add a Gross Development Value (GDV) of Rs 3,000 crores, expanding its presence as a major player in the Mumbai property market. Despite higher interest rates and rising property prices, the Mumbai property market has achieved a new all-time high in 2023.

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mobile subscribers: Jio cements market lead, adds 34.5 lakh mobile subscribers in November, according to TRAI data

Reliance Jio's addition of 34.47 lakh mobile subscribers pushed up its wireless subscriber tally to 45.58 crore as on November. Mobile subscribers added by the country's largest telecom services provider Jio in November were higher than its user gains in October (about 31.6 lakh).

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biomass: 41% in India still rely on biomass for cooking, emitting 340 million tonnes of CO2 annually, says report

A new report reveals that 41% of the Indian population still relies on biomass for cooking, emitting 340 million tonnes of CO2 annually. The study, titled "India's Transition to E-cooking" by the Centre for Science and Environment, highlights that the Pradhan Mantri Ujjwala Yojana has not ensured a sustained transition to clean cooking. Globally, 2.4 billion people lack access to clean cooking solutions, resulting in significant damage to the economy, public health, and the environment. Indoor air pollution from wood-based cooking causes about 3 million premature deaths annually, with 0.6 million in India.

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Anil Kumar Lahoti: Ex-railway board chairman Anil Kumar Lahoti is new Trai chairman

Former railway board chairman and CEO, Anil Kumar Lahoti, has been appointed as the chairman of Telecom Regulatory Authority of India (Trai), becoming the third non-IAS officer to hold the position. Lahoti, an Indian Railway Service of Engineers officer, is the ninth chairman of the regulatory body. The Ministry of Personnel, Public Grievances and Pensions approved his appointment for a three-year term.

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Cybersecurity Co claims data leak of 750 million telecom users, DoT asks telcos for security audit

The cyber intelligence firm, which engages with government cyber security CERT-In, said that the breach came to light on January 23 and as part of responsible disclosure CloudSEK has informed the relevant authorities and organisations possibly impacted by the breach. "The data, available for sale, is compressed to 600GB and uncompressed to 1.8 TB, posing significant risks to both individuals and organizations. The threat actor has demanded USD 3,000 for the entire dataset," the report said.

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Bankruptcy court approves listed firm J Kumar Infraprojects' bid for Pranav Construction

The tribunal, while setting aside the objection petition, observed that the successful bidder had offered a better plan as compared to the objector and more importantly, the committee of creditors, after keeping in mind all the factors such as feasibility and viability of the plan, has unanimously approved the plan. A total of 7,058 companies across sectors were brought into administration from the inception of the Insolvency and Bankruptcy Code in 2016 until September-end 2023, according to the latest data from the Insolvency and Bankruptcy Board of India.

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Macrotech Developers to launch 11 projects with Rs 6,260 cr revenue potential in March qtr

Mumbai-based Macrotech Developers is one of the leading real estate developers in the country. It has a major presence in Mumbai Metropolitan Region and Pune. The company markets its properties under the Lodha brand.

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Piramal Enterprises: Piramal Enterprises to sell full 20% stake in Shriram Investment Holdings for Rs 1,440 crore

“This transaction is aligned with our focus on monetizing non-core assets. The proceeds from the transaction will further strengthen our balance sheet,” Piramal Enterprises informed exchanges in a January 27 filing. The transaction, which will be conducted through a share purchase agreement, is subject to the receipt of requisite regulatory approvals by Shriram Ownership Trust, Piramal Enterprises said.

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