INR sees mild gains as local stocks stay supported
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Economic Times
20 minutes ago
- Economic Times
India leads Asia-Pacific office market with 70% share in leasing in H1 2025
Synopsis India has become the dominant office market in Asia-Pacific in the first half of 2025, leading in both leasing activity and new supply. Fueled by expanding global capability centers and strong domestic demand, the shift towards Grade A sustainable spaces is evident. Experts anticipate continued growth, driven by supportive policies and increasing investor interest in green-certified developments. Agencies Repres India has emerged as the largest office market in Asia-Pacific, accounting for over 70% of total leasing activity and nearly half of new supply in the first half of 2025, according to Colliers' Asia Pacific Office Market Insights H1 across the top seven Indian cities touched 3.13 million square metres (33.7 million sq feet) in H1 2025, supported by continued expansion of global capability centres (GCCs), resilient domestic occupier activity, and a structural shift toward Grade A sustainable office spaces. Domestic firms accounted for 46% of overall leasing, underlining the increasing role of India's homegrown corporates in shaping overall office take-up across the Asia-Pacific region grew 9.6% year-on-year to 4.5 million sq m, India's contribution far outpaced its peers. Mainland China and Japan also anchored demand, collectively contributing alongside India to over 90% of APAC's leasing markets witnessed robust but smaller-scale growth. Singapore recorded a twelvefold increase in leasing volumes, while the Philippines and Japan registered strong annual gains of 56% and 55%, respectively. However, these surges were off lower bases compared to India's consistently high activity the supply side, new completions across APAC surged 45.4% year-on-year to 4.8 million sq m, with India, Mainland China, and Singapore together accounting for 80% of the additions. India alone delivered 48% of APAC's new supply, supported by its strong Grade A over 70% share in leasing and 48% of new supply in H1 2025, India continues to stand out as one of the most dynamic office markets in the APAC region. The robust demand for Grade A office space in India is driven by continued occupier expansion, sustained GCC activity and a diversifying demand base. Domestic demand, in particular, is holding up well.'Going forward, with supportive growth policies and sustained occupier momentum, India is well placed for a strong performance in the second half of 2025,' said Arpit Mehrotra, managing director, office services, at Colliers highlight that India's office growth story is no longer just cyclical, but structural. 'India has moved beyond being a cost arbitrage market. It is now a strategic global hub for innovation, talent, and capability building. That is why we are seeing sustained occupier interest across technology, BFSI, and engineering services, alongside a strong domestic push,' said Shesh Rao Paplikar, founder and CEO of BHIVE too are betting on the country's long-term office growth. 'The flight to quality is accelerating, with occupiers clearly preferring sustainable, Grade A assets that align with ESG mandates. Investors are actively chasing green-certified developments, which are set to become the next big differentiator in India's office market,' said Quaiser Parvez, chief operating officer of Knowledge Realty added that supportive macro fundamentals—easing inflation, stable interest rates, and resilient GDP growth—are further boosting occupier the demand pipeline remains robust, rising supply could put short-term pressure on vacancy levels in select micro-markets. However, rental growth is expected in high-performing locations with limited availability of premium Grade A stock.'The next growth phase will be defined by premium and sustainable workspaces that cater to evolving occupier strategies. India is ahead of the curve in adapting to these trends, which positions it as the anchor market for APAC office investments,' Mehrotra agree that India's office sector is undergoing a structural transformation, led by a shift to flexible, future-ready workplaces, rising domestic corporate demand, and growing investor appetite for sustainable assets. This trajectory is expected to keep India firmly at the centre of Asia-Pacific's office market through the rest of 2025 and beyond.
Economic Times
20 minutes ago
- Economic Times
Walmart stock tanks after it discloses second-quarter sales and profits in challenging tariff environment
Synopsis Walmart reported increased second-quarter profits and sales, driven by demand for groceries and health products, despite tariff challenges. The retail giant's U.S. business showed strong momentum, with comparable sales rising 4.6%. While adjusted earnings fell short of Wall Street's expectations, Walmart raised its fiscal 2026 outlook for revenue and adjusted EPS, reflecting confidence in continued growth. Reuters Shares of Walmart fell about 2.5% in premarket trading Thursday after the giant retailer reported fiscal 2026 second-quarter profit below expectation Walmart has reported increases in second-quarter profits and sales Thursday despite facing a challenging tariff environment. The largest retail giant continues to pull in price-sensitive shoppers for everyday essentials like Bentonville, Arkansas-based company, also reported an increase in its annual profit and sales outlook. It's among the first group of major US retailers this week to report quarterly results that should shed more light on how consumers are coping with rising prices because of higher tariff costs. The company said Thursday that it earned USD 7.03 billion, or 88 cents per share, for the three-month period ended July 31. That compares with USD 4.50 billion, or 56 cents per share, a year ago. Sales rose nearly 5 per cent to USD 177.40 billion, as per AP. ALSO READ: Amazon's one-day grocery delivery in 1000-plus US cities reveals unbelievable shopping pattern Shares of Walmart fell about 2.5% in premarket trading Thursday after the giant retailer reported fiscal 2026 second-quarter profit below expectation. Walmart raised its fiscal 2026 outlooks for revenue and adjusted EPS, to 3.75% to 4.75% and $2.52 to $2.62, respectively, reported Investopedia. Walmart said Thursday that it continues to see strong momentum in its U.S. business, even as higher prices weigh on shoppers. The retailer noted earlier this year that inflationary pressures began picking up in late April and accelerated in May. The company had warned that the financial impact would be felt more sharply in June and July as the back-to-school season gained pace. For the latest quarter, Walmart reported adjusted earnings of 68 cents per share, excluding costs tied to legal matters and business restructuring. That fell short of Wall Street's forecast of 73 cents per share on revenue of $175.93 billion, according to FactSet. ALSO READ: Dreaming of $700 million powerball jackpot? The real prize money after taxes will leave you stunned Comparable sales in the U.S.—which include established stores and online channels—rose 4.6%, edging past the 4.5% increase recorded in the prior quarter. Growth was led by demand for groceries and health and wellness products. Meanwhile, global e-commerce sales jumped 25%, an improvement over the 22% rise in the fiscal first ahead, Walmart expects earnings of 58 to 60 cents per share for the current quarter, compared with analysts' projections of 57 cents. The company also anticipates revenue growth of 3.75% to 4.75% in the the full fiscal year, Walmart raised its earnings outlook to a range of $2.52 to $2.62 per share, slightly higher than its earlier forecast of $2.50 to $2.60. Analysts are targeting $2.62 per share, according to FactSet. The retailer also lifted its annual sales growth projection to between 3.75% and 4.75%, up from its prior range of 3% to 4%.
India.com
20 minutes ago
- India.com
Dream11, MPL, My11Circle to be banned? Cricket market worth Rs 983,000,000 will now be..., IPL's earning may now get...
IPL Trophy 2025 Online Gaming Regulation Bill: In a significant development on Thursday, the Union Parliament passed the Online Gaming Promotion and Regulation Bill-2023 which seeks to regulate real-money online gaming. As per media reports, the bill could directly impact cricket sponsorships and fantasy sports platforms. While the bill is being welcomed as a step toward curbing illegal betting and protecting consumers, many media reports quote experts as saying that it may disrupt cricket's financial ecosystem, where companies like Dream11 and My11Circle are major sponsors. How big is India's online gaming industry? Notably, Dream11 is the the Indian cricket team's title sponsor (≈$44 million about Rs 358 crores), and My11Circle, the IPL's official fantasy gaming partner (Rs 625 crore for five years). Here are all the details you need to know about why the government is bringing the Online Gaming Promotion and Regulation Bill-2023. The decision of the government is expected to impact the massive online cricket business of Rs 983,000,000. What Union Minister said on Online gaming in India? 'Online gaming is an important sector of Digital Bharat. There are three segments of online games — e-Sports (training-based, often played between teams); Online Social Games (fun, educational, community-based), and Online Money Games (involve financial stakes, addictive, and harmful,' Railways and Electronics and IT Minister Ashwini Vaishnaw said in a series of posts on social media platform X about the 'Online Gaming Promotion and Regulation Bill-2023'. Story highlights: The Rajya Sabha has passes the Online Gaming Regulation Bill. The Bill seeks to regulate real-money online gaming in India. It might affect the massive online cricket business of Rs 983,000,000. Notably, Dream11 is the the Indian cricket team's title sponsor. Why government choose society's welfare over revenue? 'There are thousands of complaints and grievances from across the country. The government chooses the safety of families over any other interests. When it comes to choosing between society's welfare and government revenue, PM Narendra Modi has always chosen middle-class families,' Vaishnaw added on the bill. Add as a Preferred Source (With inputs from agencies)
