Embassy REIT Leases 1.4 Million Sq Ft to Commonwealth Bank

23 Aug 2024 CW Team

Embassy Office Parks REIT has successfully leased 1.4 million square feet of office space in Bengaluru to the Commonwealth Bank of Australia (CBA). This agreement marks a significant milestone for Embassy REIT, reinforcing Bengaluru's position as a top destination for multinational companies.

The leased space will accommodate Commonwealth Bank?s growing operations in India. This expansion reflects the bank?s commitment to strengthening its presence in the country, leveraging Bengaluru's tech talent and infrastructure.

Embassy REIT?s strategic focus on high-quality office assets in key markets continues to attract global companies. The deal highlights the growing demand for premium office spaces in Bengaluru, particularly from international corporations seeking long-term leases for operational expansion.

Embassy REIT?s portfolio includes over 45 million square feet of office spaces, and this latest deal is seen as a major boost to its leasing business. The agreement with CBA underscores the confidence multinational companies have in India's growing economy, especially in technology and financial services.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..