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The resurgence of Global Capability Centers (GCCs) has helped demand for Grade A office spaces make a comeback. This has meant an improved leasing trajectory for office asset owners, who have been grappling with muted demand lately. In a spillover effect of challenges facing the Indian IT sector, leasing took a beating given that technology companies have been top contributing tenants for Grade A offices until recently.

Grasim Industries, the flagship company of the Aditya Birla Group, has made its foray into the paint business with the launch of their highly anticipated brand, Birla Opus. This move intensifies competition in the decorative paints sector, currently dominated by major players like Asian Paints and Berger. The Mumbai-headquartered group aims to become a profitable No. 2 player in the coming years. «The launch of our paints business mirrors our zest for innovation. The booming construction sector is a major reason for this venture,» said Chairman Kumar Mangalam Birla at the launch event.

Hindu Business Line, based on the data by PrivateCircle Research, around 44 startups have been founded by former Flipkart employees (popularly known as 'Flipkart Mafia or Flipsters), having a cumulative valuation of $25 billion. According to the English Business Daily, of the 44 startups, more than a third (15) of them are e-commerce only. The list includes Udaan, Spinny, and RentoMojo.

Stock market today: On account of market buzz about the rise in the input cost of sugar companies in the future, most of the sugar stocks in India witnessed high selling pressure during morning deals. Sugar major Balramput Chini share price today opened downside at ₹375 apiece on NSE and went on to touch an intraday low of ₹372 within a few minutes of the opening bell, logging nearly 2.50 percent dip on Thursday session.

By Josh Ye

The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade.

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says “Asian Paints and Berger a few months back were the most expensive paint stocks globally. That was because of the resilient performance they have been giving and the growth in the Indian market because paints have been a very steady growth segment. But in the current context where a large player is making an entry, while Asian Paints and Berger would not, die out or lose massive market shares, but some advertising, realignment in incentives to distributors in some credit period and some other similar things cannot be ruled out. If that happens, definitely there could be some breaks in the margins or the earning trajectory in the near term.” What kind of impact are you expecting with the entry of Grasim in the paints space and what are you waiting to hear from the management? Amnish Aggarwal: Paints has been a sector where the entry of new players is not happening for the first time.

HDFC Bank and Reliance Industries, amid mixed cues from global peers. The BSE Sensex was trading 185 points lower at 72,437. Nifty50 was trading at 21,995, down 60 points at around 9.23 am.

Stock market today: On account of weak global cues after Tuesday's sell-off on Wall Street, the Indian stock market ended lower on Wednesday. The Nifty 50 index lost 141 points and closed at the 22,055 level, the BSE Sensex shed 434 points and ended at the 72,623 mark whereas the Bank Nifty index finished 74 points lower at the 47,019 level.

warned Wednesday. The caution applies to any watch or ring, regardless of brand, that claims to measure blood glucose levels in a noninvasive way, the agency said. The FDA said it has not authorized any such device.

Sensex dropped 434.31 points to close at 72,623.09, while the Nifty 50 settled 141.90 points, or 0.64%, lower at 22,055.05. Nifty formed a long bear candle on the daily chart that has engulfed the positive candle of previous session. “Technically, this pattern signals a formation of bearish engulfing at the highs.

The Biden administration is wading into a contentious debate about whether the most powerful artificial intelligence systems should be “open-source” or closed

Smartwatches and smart rings that claim to measure blood sugar levels without piercing the skin could be dangerous and should be avoided

Nvidia Corp. posted stronger-than-expected results for its latest quarter, more than tripling its revenue from a year earlier

Hub is looking to extend its reach among American small business owners with the launch of a new retirement plan option. The Chicago-based insurance broker has unveiled the Hub Retirement Select PEP, a pooled employer plan geared toward independent businesses that employ fewer than 100 workers.

ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram's owing to a valuation mismatch. Prataap is best known for Yellow Diamond chips and traditional Indian namkeen under the Avadh brand. Listed Bikaji Foods, another large snacks company, had also looked at the deal but those negotiations also fizzled out, said people in the know. Buyout funds KKR, TA Associates and Apax are among others that have been tapped since Peak XV initiated a plan to fully exit its nearly 13-year-old investment in Prataap and hired Deutsche Bank to sell the company. The transaction if successful will trigger an open offer for an additional 26% of the Indore-based company, which has been a laggard ever since its stock market debut in 2017 when it listed at a 33% premium. Prataap ended 1% down at ₹1,174.45 for a market value of ₹2,802.19 crore on Wednesday.

AI-powered ‘answer engines’ have arrived. A few days ago, The Wall Street Journal reported how new companies like ArcSearch and Consensus are changing the rules of web search as we knew it. As compared to search engines that at best threw up a few links to relevant articles, these new AI-run search engines not only provide the most relevant information on a topic, but also intelligent summaries of various articles.

100% FDI is allowed in space sector. The liberalized entry routes under the amended policy are aimed to attract potential investors to invest in Indian companies in space," the government said in its press release. The entry route under the amended policy are as follows: > Upto 74% FDI under Automatic route: Satellites-Manufacturing & Operation, Satellite Data Products and Ground Segment & User Segment.

By Stephen Nellis

Passives took in £2.2bn of inflows in January, of which £1.3bn headed to mutual funds and £855m to ETFs, which Dewi John, head of research for UK and Ireland at LSEG Lipper, said signalled «more action» for ETFs. This compares to December 2023, when passive mutual funds gathered £3.5bn inflows as ETFs shed £41m. Within bonds, passive funds gained £809m, while ETFs attracted £552m. Across equities, passive funds gathered £452m inflows, while investors poured £290m into ETFs. Bond funds as a general asset class also saw this trend, netting £1.1bn in what was described as a «tale of two ...

Parul University has achieved a significant milestone by becoming the exclusive institution in Western India to be a part of the National Taskforce for an INDIA-EMS Research Project on Emergency Medicine. The project, aimed at developing a High-Quality Patient-Centric Integrated Model for Emergency Care Systems in selected districts of India, has secured a substantial funding grant of 4.7 Crores from the Indian Council for Medical Research (ICMR).