Vizhinjam Port Plans to Extend Capacity After Rs 130B Investment

MHI to Supply Water Pumps for China’s Sanmen Nuclear Plant

Mitsubishi Heavy Industries, (MHI) has secured an order to supply four circulating water pumps (CWPs) for Units 5 and 6 of the Sanmen Nuclear Power Plant in China. The order has been placed in collaboration with Dongfang Electric Machinery Co. (DFEM), a core company of the Dongfang Electric Group, one of China’s top three heavy electrical equipment manufacturers. This marks the first collaboration between MHI and DFEM, under which both companies plan to jointly expand their presence in the circulating water pump market for nuclear power plants in China. The Sanmen Nuclear Power Pla..

GCCs Lead India’s Office Leasing with 42 Per Cent Share in FY 2025

Global Capability Centres (GCCs) emerged as the primary driver of India’s office space demand in FY 2025, accounting for 42 per cent of the pan-India absorption, up marginally from 41 per cent in FY 2024, according to Vestian’s latest report. In absolute terms, GCC leasing grew 24 per cent year-on-year to reach 31.8 million sq ft. While the total leased area expanded, the number of GCC transactions declined by 4 per cent to 305, highlighting a growing preference for larger spaces and long-term expansion. Notably, large transactions—leases above 1 lakh sq ft—rose by 44 per cent, fr..

JSW Paints to Acquire Majority Stake in Akzo Nobel India

JSW Paints has signed definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The proposed transaction is valued at up to Rs 89.86 billion, subject to closing adjustments. The deal is contingent on approval from the Competition Commission of India and the successful completion of a mandatory open offer to ANIL’s public shareholders. Part of the US$ 23 billion JSW Group, JSW Paints is among the fastest-growing players in India's paint industry. ANIL, a key player in decorative and industrial paints, brin..