NSDC International delegates visit Germany, strengthen skill initiatives

Chandigarh, April 16, 2025: NSDC International delegations visit Germany and held deliberation with various stakeholders about the strategic and cross-border skill partnerships to equip the global workforce with relevant, future-oriented capabilities in the context of rapidly evolving industry landscapes.

The delegate also participated in the prestigious OAV Conference held in Hamburg, Germany wherein 100 delegates from various countries including India, Sri Lanka, Bhutan, Malaysia, Indonesia and others participated to discuss the critical role of international cooperation in shaping a future-ready and globally competitive workforce.

NSDC

NSDC International, wholly owned subsidiary of National Skill Development Corporation (NSDC) emphasized the importance of fostering new-age skills to meet the demands of rapidly evolving industries and global job markets.

As part of a high-level panel discussion, NSDC International focussed on bridging the gap between industry requirements and education providers across the globe, with a particular emphasis on Germany’s leadership in international workforce development. The discussion highlighted the urgent need for strategic, cross-border skill partnerships to equip the global workforce with relevant, future-oriented capabilities in the context of rapidly evolving industry landscapes.

During his address, Shri Alok Kumar, CEO, NSDC International mentioned, “As we navigate the complexities of global workforce demands, NSDC International is committed to fostering robust partnerships that bridge skill gaps and enhance employability worldwide. Our collaboration with German industries exemplifies this commitment, empowering Indian talent to excel globally while addressing workforce shortages. By aligning training with international industry needs, we ensure seamless transitions into global job markets. Our partnership is forward-looking, poised to strengthen economic ties and foster sustainable growth.”

NSDC International is at the forefront of enabling global mobility by preparing Indian candidates for international careers. This is being achieved through comprehensive language training in German and other foreign languages, coupled with domain-specific skills and cultural orientation. These programs are designed to ensure candidates are not only professionally competent but also socially adaptable, confident, and well-integrated into their destination countries.

During the visit, the NSDC International delegation participated in two key roundtable conferences. The first, hosted by iMove, enabled impactful discussions with leading German language and cultural training providers. The exchanges focused on collaborative models and best practices that could further strengthen India’s skilling ecosystem, while also enhancing the global employability of Indian youth. The second roundtable brought NSDC International together with German employers to gain deeper insights into skill gap, hiring expectations, industry requirements and integration strategies. These impactful discussions delved deep into India’s skilling and training frameworks to align more closely with actual job market demands in Germany and beyond.

In addition to these engagements, the NSDC International delegation visited a leading railway infrastructure academy in Germany to observe and learn from their practical, industry-aligned training methodologies. The visit reinforced the importance of hands-on training and institutional collaboration in workforce development. With over 98,000 vacancies reported in Germany’s railway sector as of November 2024, and projections indicating a shortage of up to five million skilled professionals by 2030 due to demographic shifts, the need for international cooperation in this sector has become more urgent than ever.

NSDC International’s participation at these conferences and its engagements in Germany reflect its broader commitment to fostering strategic global partnerships, enhancing the quality of skill development in India, and supporting the country’s vision of becoming a leading hub for skilled talent worldwide. Through its continued efforts to bridge skill gaps and nurture global competencies, NSDC International is empowering individuals to pursue successful international careers and contribute meaningfully to the global workforce.

Housing prices at Gunjur in Bengaluru jump 2.5 times since 2020

Bengaluru, April 16: Gunjur, an important micro-market in Bengaluru’s residential market, has seen a sharp price appreciation of nearly 2.5 times since 2020 due to strong demand for premium homes.

Gunjur , located in east of, Bengaluru, enjoys the benefit of being located in close proximity of major office hubs including Whitefield, Brookefield and Bellandur.

According to NSE-listed real estate data analytics firm PropEquity, the average housing prices in Gunjur has risen to Rs 11,850 per square feet in 2024 from Rs 4,800 per sq. ft. in 2020, up 146 per cent or nearly 2.5 times.

Overall, Bengaluru is leading the office market in the country.

The IT city hosts many Global Capability Centers (GCCs), thanks to the availabilities of tech workforce and premium workspace at around USD 1 per square feet per month rental.

The city is also known as a startup hub.

Bengaluru-based real estate developer Sanjeevini Group Chairman and Founder, Umesh Gowda H.A said Gunjur is a very strategic micro-market that provides a perfect blend of urban convenience and natural tranquillity.

“Gunjur provides easy access to major business corridors like Whitefield, Sarjapur Road, ORR, and Electronic City. It is located at an accessible distance to the education, healthcare and leisure centres. This makes it an ideal destination for homebuyers. To add to this, the 2.5X growth in prices in the last five years and the limitless possibilities that this micromarket present in the future make it worthwhile for investors and homebuyers to stay invested for the long-run.”

Sanjeevini Group is coming up with a residential group housing project in Gunjur and is currently awaiting RERA approval. In the past, the company has delivered high-end residential projects in East Bengaluru.

The micromarket has seen 29 per cent average annual growth in prices indicating strong demand from investors and homebuyers.

The large-scale infrastructure development like 150 ft. CDP Road, which seamlessly connects to the Outer Ring Road and Varthur–Sarjapur/Chennai Highway; and Peripheral Ring Road will be game-changers for the real estate market in Gunjur.

Experts say homes priced in Rs 1-2 crore category of 3BHK configuration is the major demand driver in Gunjur. The rise in new launches in the past years indicate strong demand. The PropEquity reports stated that 22 projects were launched adding 8558 units between 2020-24, a sharp increase from 2015-19 when only 13 projects were launched supplying 3421 units; an increase of 150 per cent.

Between 2020-24, 7745 units were absorbed as compared to 3804 units in 2015-19, an increase of 103 per cent. In the last 5 years, 12 projects comprising 3172 units have been delivered indicating growing habitation.

Rapid Infrastructure development driving real estate

The city is witnessing major infrastructure development, the benefits of which will be reaped by Gunjur. Among them are the proposed Bengaluru Business Corridor (earlier named Peripheral Ring Road), a 73-kilometer long and 100-meter-wide six-lane expressway and service roads on both sides that will add to Gunjur’s connectivity and more importantly reduce travel time to Kempegowda International Airport.

The Gunjur Palya Road connects it to Bellandur while the Varthur-Sarjapur road connects it to Whitefield and Brookefield.

Gunjur provides easy access to reputed schools like Basil Woods International School and The International School Bangalore, healthcare facilities like Manipal Hospital and Sri Lakshmi Multi-Speciality Hospital, shopping and leisure facilities like Nexus Whitefield Mall and Centro Mall and premium hotels like Courtyard by Marriot and Double Tree by Hilton.

It is located just 3 km from the upcoming suburban railway station that will enhance quick access to the city. Also, it is a part of the proposed metro expansion. The construction of State Highway 35 will further propel its liveability factor.

“Rapid infrastructure development, upcoming transport links, and increasing demand make Gunjur a hotspot for real estate investment,” Gowda added.

The Bengaluru real estate market is witnessing a growth never seen before. The PropEquity report states that in January-March of 2025, the city recorded 10% growth in absorption at 18,508 units while supply grew 17% to 20,227 units.

According to Colliers, the Bengaluru office market witnessed 21.7 million sq. ft. of office leasing in 2024, up 39 per cent from 15.6 million sq. ft. in 2023 with its share rising to 33 per cent in 2024 from 27 per cent in 2023.

Gunjur boasts of beautifully planned neighbourhoods with abundant greenery, lakes and natural tranquillity. This along with seamless mix of convenience, connectivity and amenities makes it an appealing residential destination for living today and smart investment for tomorrow.

Dubai Gears Up for 25th Marathon on February 1, 2026

Supported by Dubai Sports Council, the Middle East’s Oldest International Road Race to Welcome Runners from Over 140 Countries

The 2026 Dubai Marathon – the 25th staging of the Middle East’s oldest international marathon – will be held on February 1.The 2026 Dubai Marathon – the 25th staging of the Middle East’s oldest international marathon – will be held on February 1.

Dubai, UAE – The organising committee of the Dubai Marathon has officially opened registration for the 25th edition of the iconic race, set to take place on February 1, 2026.

 Celebrating its silver jubilee, the Dubai Marathon – the Middle East’s oldest international road race – will mark a significant milestone in its illustrious history with special activities and elite-level competition. Supported by the Dubai Sports Council, the race offers a flat, fast course, attracting participants from around the world. With participation expected from over 140 countries, the event remains a cornerstone on Dubai’s sports calendar and a key fixture in the global marathon circuit.

25th DUBAI MARATHON SET FOR FEBRUARY 1, 2026

Recognised as the first race in the region to earn the prestigious World Athletics Gold Label, the Dubai Marathon has become synonymous with record-breaking performances and world-class participation. Legendary athletes have tackled the route, including Haile Gebrselassie who famously recorded the second-fastest marathon time in history during his first appearance in Dubai in 2008, a feat that solidified the race’s global standing.

Dubai Sports Council reaffirmed its commitment to supporting the event, highlighting its contribution to the city’s international sports profile and its significant economic impact, particularly through tourism and hospitality. Over the past 25 years, the Dubai Marathon has grown into one of the top ten marathons in the world, drawing top-tier athletes and thousands of amateur runners each year.

Alongside the full 42.195km marathon, the 2026 edition will feature a 10km road race and a 4km fun run, offering an inclusive experience for participants of all fitness levels. Registration is now open via the official website dubaimarathon.org Race Director Peter Connerton said: “In coordination with the Dubai Sports Council and other government partners, we are delighted to announce the opening of registration for the 25th Dubai Marathon. To mark the silver jubilee, we are preparing a year-long series of special events leading up to race day.

“Since the inaugural edition, the Dubai Marathon has steadily risen to the top tier of global road racing. Highlights such as the 2008 race featuring Haile Gebrselassie and the ground-breaking 2018 event where seven runners clocked sub-2:05 times for the first time in marathon history have cemented its place among the world’s most prestigious marathons.”

Recent editions have seen rising stars make their mark. In 2017, current Olympic champion Tamirat Tola took victory, while in 2019 reigning world marathon champion Ruth Chepngetich made her marathon debut with a win in Dubai. Earlier this year, Ethiopian runner Bute Gemechu clinched the men’s title on his debut appearance with a time of 2:04:51, while compatriot Berdatu Hirpa secured the women’s title in 2:18:27, surpassing her personal best after a thrilling duel with 2023 winner Dera Dida.

Ahmed Al Kamali, General Coordinator of the Dubai Marathon, emphasised the city’s unmatched infrastructure and readiness to host global sporting events. “Dubai offers world-class facilities, a highly advanced transportation network, and diverse accommodation options, making it an ideal destination for international events,” he said.

“The marathon plays a major role in promoting Dubai as a leading tourist and sports hub. We look forward to welcoming runners from around the world as we celebrate the silver jubilee of the Dubai Marathon, the first international marathon in the Middle East.”

Plan Your Ultimate Summer Escape with Great Deals

Summer is here, making it the perfect time to plan your dream getaway! Whether you’re craving a beach escape, a mountain retreat, or an exciting city adventure, Amazon Pay has everything you need to make your vacation smooth, affordable, and rewarding. Since April 7, Amazon Pay has been making summer planning easier with special benefits on flights, hotels, movie tickets, and more. Whether you’re traveling, upgrading your stay, or shopping for the season, Amazon Pay helps you enjoy more while spending less. So, pack your bags, grab your sunscreen, and get ready to explore your favorite summer destination with Amazon Pay!

Book Flights with Massive Discounts: Kickstart your summer plans by booking flights with Amazon Pay and enjoy up to 25% off across all airlines, including Indigo, Air India, Air India Express, SpiceJet, Akasa, and Alliance Air. Plus, if you’re a first-time flight booker, enjoy an additional 12% off, up to INR 1000 on your domestic or international flight. This is the perfect time to explore new destinations while saving big!

Find Your Perfect Stay and Enjoy Big Savings: Once your flights are booked, it’s time to choose the ideal stay! Whether you’re looking for a cozy homestay or a luxurious hotel, Amazon Pay offers a variety of options to suit your preferences and budget. Plus, if you’re booking a hotel or homestay for the first time, you can enjoy an exclusive 18% cashback, up to INR 1500, on your initial booking with Amazon Pay.

Catch the Latest Blockbusters for Half the Price: Whether you are on a getaway or enjoying a staycation, take a well-deserved break and catch the latest blockbuster! Book your movie tickets seamlessly with Amazon Pay and unlock exciting rewards. If it’s your first movie booking, enjoy a 50% discount, up to INR 250. So, plan a fun movie date or a family outing and make unforgettable memories without stretching your budget!

Shop Summer Fashion and Travel Apparel: Look your best while traveling by shopping for trendy summer outfits, stylish sunglasses, and comfortable footwear on Amazon.in. Pay with Amazon Pay to enjoy 5% cashback for Prime members and 2% cashback for non-Prime members when using the Amazon Pay ICICI Bank credit card. No credit card? No worries, you can still enjoy assured rewards by paying through Amazon Pay UPI. So, shop with confidence and get ready to turn heads!

Add Money to Amazon Pay Wallet Using Credit Card and Pay Using Wallet UPI:
Make the most of your summer holidays with Amazon Pay Wallet! Enabled for seamless payments, you won’t need to carry cash anymore. Just add money to your wallet and start using it for everyday payments that are safe and secure. With amazing rewards and cashbacks, you can now earn while you spend. You can simply add money to your wallet using any credit card with the lowest fees in the industry (2.36%) and earn a 2% cashback on payment. With additional rewards up to 1% on scan and pay, or sending money, you can use Wallet UPI for all your everyday payments. Whether you’re booking a cab, ordering in, dining out, going for movies, upgrading your home or wardrobe, or grocery shopping, there are offers on everything that you can unlock with just one click. Book your flights, hotels, pay your bills, shop, eat, and spend using Wallet—all in one go.

Zero Failures on Payments Using Amazon Pay Wallet:
Frustrated with failed payments? Try Amazon Pay Wallet for zero failures. Fast, reliable, and seamless, Amazon Pay Wallet enables UPI payments across online and offline merchants with high success rates. You can also earn rewards on everyday payments up to 1%. Go ahead and set up your wallet in less than 2 minutes. For more benefits, upgrade to Wallet UPI and start earning daily rewards!

Travel Essentials and Skincare Must-Haves: Ensure a hassle-free journey by stocking up on essential travel gear like noise-cancelling headphones, portable chargers, and universal travel adapters. Don’t forget skincare must-haves like sunscreens, moisturizers, and foldable hair dryers to keep you looking fresh throughout your trip. Pay with Amazon Pay and enjoy 5% cashback for Prime members and 3% cashback for non-Prime members on all purchases using the Amazon Pay ICICI Bank credit card.

Whether it’s a family trip, solo adventure, or weekend getaway, let Amazon Pay make your summer travel convenient, affordable, and rewarding with exclusive savings and exciting rewards.

From Concept to Completion: 4 tech design startups Revolutionizing Workspace Design with VR & Automation

Workspace design is no longer just about aesthetics—it’s about precision, speed, and immersive experiences. Today, a new generation of design startups is transforming how commercial interiors are envisioned and executed, using advanced technologies like virtual reality, automation, and cloud-based project management to bridge the gap between concept and completion.

These companies are enabling businesses to virtually walk through their future offices before a single physical change is made, ensuring alignment on design, layout, and functionality from the very beginning. With tools that offer real-time collaboration, 3D visualization, layout customization, and automated progress tracking, these tech-led solutions are minimizing delays, reducing cost overruns, and increasing transparency across the project lifecycle.

By combining creative design expertise with in-house technological innovation, these startups are addressing long-standing challenges in the fit-out process—be it communication breakdowns, design revisions, or unforeseen budget escalations. The result is a seamless, client-centric approach to building workspaces that are as functional as they are visually compelling.

In this listicle, we spotlight five innovative startups that are pushing the boundaries of what’s possible in workspace design—bringing futuristic tools to a traditionally manual industry and setting new standards for how commercial spaces come to life.

Flipspaces

Flipspaces is a Global Real Estate Expansion Management venture with End-to-end solutions for CUSTOMISED DESIGN and BUILD for Commercial Spaces. They have developed an in-house proprietary technology for VR-supported video walkthroughs (Link), a first in the industry and a proven game changer. It is instrumental in not only letting businesses visualize their site in advance but also critical for minimum variation in the estimated budget and timelines during the fit-out period. Apart from this, they also share the Client Application with your username and password to check all the updates of your projects, be it your customized layouts, 3D Renders, Project Updates, and more. For nearly a decade, they have successfully executed 700+ projects, covering more than 7 million sq. ft. of space. Their cutting-edge technology, in-house manufacturing capabilities, and tech-enabled project management & execution, coupled with a huge team of qualified vendors, differentiate them from other competitors – as we deliver all services with supreme quality, quick turnaround time, and cost benefits.

Trezi

Provider of SaaS-based VR-based visualization solutions. Its platform provides users with features that include immersive design presentations, real-time design communication, collaborative design reviews, and VR-enabled coordination meetings.

SmartvizX

Provider of VR-based solutions for multiple businesses. It facilitates creating an interactive virtual environment to stimulate potential users into experiencing arenas and spaces that haven’t even been physically built like buildings, office desks.

PropVR

Provider of a cloud-driven virtual tour software for real estate professionals. It enables users to build VR tours using drag-and-drop tools and allows clients to visit multiple projects remotely. The company also provides 360 photography services, 3D floor plans, and virtual tour development services.

Mercedes-Benz India Accomplishes the 200,000th Car

Chandigarh, April 16, 2025: India’s largest luxury carmaker Mercedes-Benz today achieved a historic milestone with the roll-out of its 200,000th locally produced car, from its manufacturing facility in Chakan, Pune. Dr. Jörg Burzer, Member of the Board of Management of Mercedes-Benz Group AG responsible for Production, Quality & Supply Chain Management, rolled out the 200,000th Mercedes-Benz in India, an EQS SUV, in the presence of Santosh Iyer, Managing Director & CEO, Mercedes-Benz India and Vyankatesh Kulkarni, Executive Director & Head of Operations, Mercedes-Benz India.

Growing momentum of Local Production:

Mercedes-Benz India’ accelerated production figures underline a compelling growth story: from 50,000 cars in the first 19 years (1995-2014) to 150,000 units in just a decade’s time (2015-2025). Most remarkably, the company produced a record 50,000 cars in just over last two years. These milestones demonstrate the rapid evolution of India’s luxury car market and the increasing aspiration for a Mercedes-Benz among Indian customers.

Mercedes-Benz India’s manufacturing facility has achieved several notable distinctions, including the first market to produce a Mercedes-Maybach (S500) outside Germany in 2015. The plant has also been at the forefront of the luxury electric mobility transition, commencing local production of the EQS 580 Sedan in 2022. Mercedes-Benz also become the first manufacturer to start the localization of a second BEV in India, with the local production of the EQS 580 SUV. Reinforcing its commitment to sustainable manufacturing, Mercedes-Benz India production facility has been 100% powered by green energy since 2022.

With a comprehensive portfolio of 11 locally produced luxury models, Mercedes-Benz offers Indian customers the widest range of ‘Made in India’ luxury vehicles. The company has demonstrated its long-term commitment to the market with the highest investment by any luxury automotive manufacturer in India, totalling INR 3,000 crores, including a fresh investment of INR 200 crores in 2024.

The manufacturing milestone is complemented by Mercedes-Benz’s extensive retail presence—the largest amongst luxury carmakers in India—with over 100 luxury touchpoints spanning more than 50 cities. This unparalleled network ensures that the craftsmanship and technology of these locally produced vehicles are accessible to customers across the country, with standardized luxury experiences and service excellence regardless of location. The combination of local production capabilities and an extensive retail network allows Mercedes-Benz to deliver personalized luxury experiences while addressing unique market requirements with greater agility.

The production milestone reinforces Mercedes-Benz’s ‘Made in India, for India’ strategy, combining global quality standards with products tailored to the preferences of Indian luxury customers. As Mercedes-Benz continues to strengthen its manufacturing footprint in India, this achievement marks a significant chapter in the company’s journey of shaping luxury mobility in the country.

MS Dhoni Backed Drone Startup Garuda Aerospace Secures Funding

16th April 2025, Chennai, India: Garuda Aerospace, India’s most valuable drone startup, has successfully raised ₹100 crores in its Series B funding round from Venture Catalysts (Vcats++), at a valuation of $250 million. This strategic infusion of capital marks a major milestone in Garuda Aerospace’s mission to bolster indigenous drone manufacturing and innovation. The fresh funds will significantly enhance the company’s capabilities in producing drone systems. The funds will also be allocated in scaling up its current production facility and fast-tracking the completion of a cutting-edge R&D and testing center dedicated to advanced defense drone design. This development not only strengthens Garuda Aerospace’s position in the Indian aerospace ecosystem but also aligns with the nation’s broader vision of achieving self-reliance in high-tech defense manufacturing.

Currently holding a robust portfolio of over 20+ patents, Garuda Aerospace has demonstrated a strong commitment to innovation and technological excellence in the fast-evolving drone sector. A dedicated portion of the newly secured funds will support the expansion of its intellectual property portfolio, further solidifying its position as a trailblazer in drone innovation and utilizing the funds towards producing a new design facility as well. This initiative underscores Garuda Aerospace’s strategic role in enhancing India’s defense and security capabilities through the development of cutting-edge, domestically engineered drone systems. Garuda Aerospace will continue to contribute meaningfully to the Atmanirbhar Bharat mission.

Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace, said, “This Series B funding is a defining milestone in Garuda Aerospace’s growth journey. It not only strengthens our capacity to scale manufacturing and innovation but also positions us to accelerate the development of next-generation drones technology. As we prepare for global growth expansion journey, this investment reinforces our commitment to building world-class, indigenous drone technologies that contribute to India’s economic progress, self-reliance in defense, and technological leadership on the global stage.”

Dr. Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts, said, “We are immensely proud to lead this landmark Series B funding for Garuda Aerospace. This investment is closely aligned with our strategy of supporting homegrown champions that have the potential to transform India’s technological landscape and create significant socio-economic impact. The role Garuda is playing in strengthening India’s indigenous defense manufacturing ecosystem, while also creating a global footprint, is something that truly excites us. We firmly believe that in the years to come, Garuda Aerospace will emerge as a global leader in drone technology, making India the drone hub of the world by 2030.”

Garuda Aerospace’s successful Series B funding of ₹100 crores signifies strong investor confidence in the company’s vision, technological prowess, and growth potential within the burgeoning Indian drone market. The Indian drone market is experiencing exponential growth, driven by increasing applications across agriculture, infrastructure, logistics, surveillance, and defense. With the government’s strong emphasis on promoting drone adoption and indigenous manufacturing through initiatives like the Drone Rules 2021 and the Production-Linked Incentive (PLI) scheme, the market presents a substantial opportunity. Garuda Aerospace has established a robust business model encompassing drone manufacturing, drone-as-a-service (DaaS) offerings, and pilot training. The company caters to a wide array of clients, including government agencies, agricultural enterprises, infrastructure companies, and defense establishments, providing tailored drone solutions for diverse needs. Garuda Aerospace continues working with local partners like Tata, HUL, Reliance etc for indigenization of drones.

iQOO Z10 — India’s Biggest Battery Smartphone Features

New Delhi, April 16, 2025: iQOO, the high-performance smartphone brand, announced that its latest powerhouse – the iQOO Z10, will go on sale starting April 16, 12 noon onwards at iQOO e-store and Amazon. Designed to deliver cutting-edge performance and breakthrough innovation, the iQOO Z10 series is crafted for college students who seek powerful connectivity, immersive entertainment, and all-day reliable performance. The series empowers users to megatask effortlessly, manage dynamic lifestyles , and stay connected with confidence throughout the day.

Customers can avail the following offers on the purchase of iQOO Z10 series from Amazon.in and iQOO e-store:

  • On the purchase of iQOO Z10, customers can enjoy a flat discount of INR 2000 with select ICICI & SBI credit/debit cards or an exchange bonus of INR 2000.
  • It is also coupled with no-cost EMI for up to 6 months

With the iQOO Z10, the brand introduced India’s Biggest Battery Ever— a massive 7300mAh powerhouse packed into an ultra-slim 0.789cm body. Paired with 90W FlashCharge technology, the iQOO Z10 powers up from 1% to 50% in just 33 minutes, delivering uninterrupted performance throughout the day.

Powered by the Snapdragon® 7s Gen 3 Mobile Platform and built on a flagship 4nm TSMC process technology, the iQOO Z10 has an Antutu score of over 820K+—making it India’s fastest smartphone in its segment. The iQOO Z10 features a 17.19cm (6.77-inch) Quad-curved AMOLED display with a 120Hz refresh rate and peak brightness of 5000 nits. It has an IP65 rating for dust and water resistance. On the camera front, the iQOO Z10 is equipped with a 50MP Sony IMX882 main sensor with OIS and a 32MP wide-angle front camera.

The iQOO Z10 runs on Funtouch OS 15 based on Android 15 and ensures long-term support with 2 years of Android updates and 3 years of security updates. The iQOO Z10 series brings smart AI-powered features like AI Erase, AI Photo Enhance, AI Note Assist, Live Text, Super Document and Circle to Search with Google.

Continuing iQOO’s commitment to ‘Make in India’, iQOO Z10 will be manufactured at vivo’s Greater Noida facility. Also, to offer a hassle-free after-sales service experience to its valued customers, iQOO customers can now visit any 670+ company-owned service centers across the country.

Premiumisation Reshaping India’s Retail Landscape: Superior Grade Malls to drive 70% of New Supply in 2025-2026: Cushman & Wakefield Report

Gurugram, 16th April 2025 – India’s retail real estate sector is undergoing a structural transformation, driven by a new wave of premiumisation. With rising consumer aspirations, increased discretionary spending, and a significant shift in brand and developer strategies, the country is witnessing the emergence of a more sophisticated, experience-driven retail ecosystem.

realestate

According to Cushman & Wakefield’s latest research report, “Premiumisation of India’s Retail Sector – Upscaling, Upgrading and Evolving”, launched at MAPIC India Shopping Centre Summit & Awards 2025, over 70% of the 12.3 million sq. ft. (msf) of new Grade A mall supply expected over the next two years will be Superior Grade (Grade A+). This marks a significant upgrade in quality and experience across India’s upcoming retail infrastructure.

Of the 12.3 million sq. ft. of new Grade A mall supply projected across 2025 and 2026, 8.6 million sq. ft. will be Superior Grade—underscoring the sector’s shift from scale to quality. The superior-grade malls typically owned and operated by reputed developers or institutional investors are characterized by their high occupancy rates (more than 85%), upscale tenant mix, and service-rich environments.

India’s total Grade A mall stock stood at 61.5 million sq. ft. in 2024, with Superior Grade malls already comprising 63% (38.9 million sq. ft.) of the total. These malls are outperforming their peers, with stock-weighted average rents rising by 29% since 2019, currently averaging INR 315 per sq. ft. per month.

Metro cities like Delhi NCR, Mumbai, Bengaluru and Pune lead the Grade-A mall stock, with Delhi NCR alone accounting for 21.75 MSF. Superior grade assets within these metros are witnessing strong investor and retailer interest, driving rental growth and low vacancy rates of around 3-4%.

Evolving Lifestyles Fuel Demand for Premium Retail Spaces

The report attributes this shift to the rise of India’s affluent and aspirational middle class. With the country’s median age under 30, younger consumers are embracing lifestyle upgrades and experiential consumption. As digital-first premium brands transition to offline formats, they are increasingly choosing Grade-A malls or prominent high streets to establish physical footprints. This premiumisation has also impacted the mall leasing landscape as value brands are gradually losing share in superior malls, while lifestyle, premium, and luxury categories are gaining prominence.

Changing Retail Mix: Beauty, Athleisure and F&B Take Centre Stage

Premiumisation is also reshaping the brand mix and category spread within malls. The share of traditional anchors such as hypermarkets and cinemas is declining, while fashion, beauty, wellness, and experiential dining are emerging as key drivers of footfall and spend. Beauty & wellness, food & beverage (F&B), and athleisure have seen significant growth in mall footprints, driven by high trading densities and increased consumer engagement. The beauty and wellness segment has caught up well with premiumisation trend, having attracted immense patronage from consumers in the last 5-6 years. Today, it commands an average trading density in the range of INR 8,000 to 12,000 per month, making it a discerning segment for most mall managers. F&B, in particular, has evolved into the new anchor category, often driving footfall more effectively than traditional departmental stores. The report also notes a modest yet promising rise in jewellery and Consumer Durables Information Technology (CDIT) categories, reflecting India’s expanding appetite for premium experiences. Meanwhile, traditional anchors like hypermarkets and cinemas are witnessing reduced footprints as their value proposition evolves.

Retail Giants Reshape Strategies to Stay Ahead of the Curve

The report also outlines how large, listed retailers such as Aditya Birla Fashion, Reliance Retail, Shoppers Stop, and Tata Trent are adapting to this wave of premiumisation. Initiatives include the launch of premium private labels, omnichannel retailing strategies, digital-first store formats, and targeted expansion into Tier-II and Tier-III cities where rising incomes are fuelling lifestyle upgrades.

As the premiumisation trend matures, the role of mall management is expected to evolve significantly. Future-ready malls will not only focus on tenant curation but also integrate digital infrastructure, community engagement, sustainability, and design flexibility to stay relevant. The report underscores the need for developers and brands to align their strategies to tap into India’s evolving consumer landscape.

Premiumisation Across High Streets

Owing to limited space availability in superior grade malls, many brands choose to locate their stores in prominent highstreets across the top 8 cities over the last few years. Prominent highstreets include locations such as the Linking Road in Mumbai, Khan Market and Connaught Place in Delhi, M.G. Road in Bengaluru among others. Though these are considered unorganized supply in many ways, the prominent highstreets offer brands the benefit of direct visibility to passing shoppers. Over the years, prominent highstreets have seen their rentals surpass pre-COVID peak of 2019 and have been moving upwards gradually ever since, acting as testimony to the high demand for such spaces from premium retail brands.

Saurabh Shatdal, Executive Managing Director, Capital Markets & Head, Retail India, Cushman & Wakefield, said at the launch, “India’s retail landscape is evolving rapidly, and so are consumer aspirations. The rise of Superior Grade malls reflects a clear pivot from just scale to quality and experience. Today’s consumers are seeking curated, design-led environments where the brand experience is as important as the product itself. Categories like beauty, wellness, F&B, and athleisure—known for high engagement and trading density—are shaping this next phase of retail. The response from developers and brands shows a deep shift in strategy: toward sophisticated, digitally integrated, and future-ready retail formats that truly resonate with the country’s aspirational consumers.”

Yakutia Nuclear Icebreaker Arrived in Murmansk

Moscow, 15th April 2025– On April 13, an official ceremony was held at the premises of FSUE Atomflot (a Rosatom enterprise) to celebrate the arrival of the third serial universal nuclear-powered icebreaker, Yakutia, to its home port of Murmansk. The night before, the ship moored at the Atomflot base. Her voyage from St. Petersburg took six days.

nuclear

“The Yakutia universal nuclear-powered icebreaker is ready to operate in the waters of the Northern Sea Route,” said Yakov Antonov, Acting Director General of FSUE Atomflot. “We plan to launch the ship on her first regular voyage on April 15. The icebreaker crew will work in the Yenisei region of the Kara Sea. The period of ice growth is now coming to an end in the water area of the Northern Sea Route. The Yakutia nuclear-powered icebreaker will have an excellent opportunity to demonstrate all its main technical advantages: power, maneuverability and dual-draft functionality.”

During the voyage from St. Petersburg to her home port Murmansk, the Yakutia universal nuclear-powered icebreaker passed through the Baltic, North, Norwegian and Barents Seas. The vessel traveled 2,470 nautical miles at an average speed of 16 knots.

“This is my first regular voyage as a captain,” said Dmitry Nikitin, Captain of the Yakutia SUNPI. “Of course, we are a bit nervous about how the icebreaker will perform in the ice. There comes an important stage in the ship operation. But I have confidence in my crew. The mechanics know their business excellently and the navigators have successful experience of working in open sea ice and in estuaries. We are a team, which means we will nail it.”

Once the vessel is prepared for the voyage and all the supplies are furnished, the Yakutia serial universal nuclear-powered icebreaker will set a course in the direction of the Yenisei region of the Kara Sea.