Pune has the lowest office vacancy at 8.5% as compared to other cities in India, as per ANAROCK research report. As tech companies are choosing to adopt a hybrid work model, it is clear that IT-driven cities are now restricting their new office stock. In comparison to non-IT cities, Delhi-NCR has the highest vacancy of office space at 28.5%.
The Indian currency rupee breached the Rs 78 mark against the dollar for the first time ever on Monday, hitting a new lifetime low against the US dollar. The rupee closed Monday's trade at Rs 78.04 per US dollar, after depreciation as low as Rs 78.29 in intra-day deal.
Daily coronavirus infections in India were recorded above 5,000 after 93 days taking the total tally of COVID-19 cases to 4,31,90,282, while the active cases rose to 28,857, according to the Union Health Ministry data updated on Wednesday.
Personal loans segment continued to perform well, registering an acceleration in growth to 14.7 per cent in April 2022 and contributed around 90 per cent of the incremental credit during the month, primarily driven by housing, vehicle loans and other personal loans segments, the report said on Tuesday.
Germany's import prices in April were up 31.7 per cent year-on-year, according to Destatis. With a plus of more than 300 per cent, natural gas had the biggest influence on energy prices, followed by crude oil with prices up 77.5 per cent year-on-year.
The days of heart transplant survivors undergoing invasive biopsies could soon be over after a new MRI technique has proven to be safe and effective, reducing complications and hospital admissions. Scientists at the Victor Chang Cardiac Research Institute and St Vincent's Hospital, Sydney, hope the new virtual biopsy designed to detect any signs of the heart being rejected will be adopted by clinicians the world over.
Inflation is not only hurting the common people’s pockets, it’s now dragging down the overall economic growth of India, too. Combined with geopolitical tensions and rising energy costs, India’s GDP story has faced considerable headwinds in the fourth quarter of FY22. However, analysts are optimistic about the Indian economy’s resilience going forward.