GST: Development rights push landowners into legal dilemma

08 Aug 2024 CW Team

In a statement released on Wednesday, NatWest Group noted that this new site follows last year?s announcement of its intention to recruit 3,000 new software engineers in India by 2026. The new office is expected to have a seating capacity three times that of the current office, with opportunities for further expansion.

The company further mentioned the need to hire an additional 4,000 people, which would bring the total workforce in the Bengaluru office to 6,000 by 2026. Currently, NatWest Group employs around 17,000 people in India across three centres, including Gurugram and Chennai, with approximately 2,000 employees based in Bengaluru.

India is now recognized as NatWest's second-largest employee base outside the UK. The banking group expressed its intention to build deep engineering and data capabilities and to hire niche domain specialists at the new Bengaluru facility, which will serve as a hub for pioneering technology solutions and cutting-edge developments. This initiative aims to help the bank "work in simpler and smarter ways to better serve our customers."

Punit Sood, the head of India at NatWest Group, stated that the new Bengaluru office represents not just an expansion of physical space but a strategic investment in the future. He emphasised that the modern office design is intended to enhance productivity and create an inspiring environment for employees, reflecting the company?s commitment to the vast potential of India?s talent and technology ecosystem.

Scott Marcar, the group chief information officer, highlighted Bengaluru's reputation for its vibrant technology sector and skilled talent pool. He remarked that this new office marks a significant chapter in NatWest's growth journey in India, further strengthening its global operations and positioning the bank at the forefront of innovation while prioritising improvements to both customer and colleague experience.

NatWest Group, the UK?s retail banking institution, has announced plans to hire approximately 4,000 engineers in Bengaluru over the next two years following its recent expansion in the city. The company indicated that it has leased a new office in Bagmane Constellation Business Park, which spans 370,000 square feet across 11 floors, aimed at enhancing its engineering and innovation hub. In a statement released on Wednesday, NatWest Group noted that this new site follows last year?s announcement of its intention to recruit 3,000 new software engineers in India by 2026. The new office is expected to have a seating capacity three times that of the current office, with opportunities for further expansion. The company further mentioned the need to hire an additional 4,000 people, which would bring the total workforce in the Bengaluru office to 6,000 by 2026. Currently, NatWest Group employs around 17,000 people in India across three centres, including Gurugram and Chennai, with approximately 2,000 employees based in Bengaluru. India is now recognized as NatWest's second-largest employee base outside the UK. The banking group expressed its intention to build deep engineering and data capabilities and to hire niche domain specialists at the new Bengaluru facility, which will serve as a hub for pioneering technology solutions and cutting-edge developments. This initiative aims to help the bank work in simpler and smarter ways to better serve our customers. Punit Sood, the head of India at NatWest Group, stated that the new Bengaluru office represents not just an expansion of physical space but a strategic investment in the future. He emphasised that the modern office design is intended to enhance productivity and create an inspiring environment for employees, reflecting the company?s commitment to the vast potential of India?s talent and technology ecosystem. Scott Marcar, the group chief information officer, highlighted Bengaluru's reputation for its vibrant technology sector and skilled talent pool. He remarked that this new office marks a significant chapter in NatWest's growth journey in India, further strengthening its global operations and positioning the bank at the forefront of innovation while prioritising improvements to both customer and colleague experience.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..