Times Music Acquires Symphony Recording Co. and Arc MusicQ

Mumbai (March 18, 2025): Times Music announces today their acquisition of two leading Indian regional Record Labels – Symphony Recording Co. and ARC Musicq. These two deals are the company’s first acquisitions since partnering with Primary Wave Music, the world’s leading independent publisher of iconic and legendary music, in 2023. That partnership saw the publishing giant invest significant capital to help accelerate the company’s growth in the global markets. Both Symphony Recording Co. and ARC Musicq are exciting additions to the Times Music empire as both labels have established universal appeal in the growing Indian music markets.

Growing from a retail music store in 1983 to South India’s top devotional music label, Symphony Recording Co. maintains a position as the undisputed leader of Tamil spiritual and devotional music. Housing the largest catalogue in the genre, with over 350 audio and 100 video albums, Symphony’s collection of music is deeply embedded in Tamilian culture worldwide. With collaborations from legendary artists in the Indian music space like Dr. Balamurali Krishna, Dr. S.P. Balasubrahmanyam, and Chitra, the company has set industry benchmarks in music and video production. The label’s devotional songs contribute to a majority of its YouTube revenue, which has doubled in the past 4 years, and the label’s six channels have a viewership of nearly 2 billion. As Symphony continues to dominate the devotional and folk music space, this acquisition will now strengthen Times Music in the Tamil market as a Spiritual market leader.

ARC Musicq, a time-tested label whose music has been distributed by Times Music since 2017, also upholds a place as a leading Kannada music label. As a pioneer in the entertainment industry since its initial inception in 1985, the label has played a key role in the expansion of Indian folk music and film soundtracks, contributing to over 75% of A-grade movie OSTs. The company is home to a diverse collection of film, devotional, and folk music within the Kannada music market, which has also taken a major foothold across YouTube. The label’s four channels have seen significant growth, and much like Symphony Recording Co., has a viewership of over 2 billion views, with YouTube revenue having quadrupled in the past three years.

Spiritual and Devotional music finds itself having a strong and stable listenership across India as it transcends the country’s religion and caste system. With the rise of digital streaming platform investments surging in the past two years – over 230% according to Spotify’s Culture Next Report – these acquisitions situate Times Music as a major player in the spiritual and devotional genre and aim to strengthen the company’s presence in the Kannada music market.

“These acquisitions by Times Music represent a major milestone in the company’s growth journey and the Times Group’s ongoing expansion in the broader entertainment space,” Vineet Jain, Managing Director, Times Group shares.

Mandar Thakur, CEO, Times Music also notes, “Times Music has an array of exciting premium partnerships coming up and we are proud to work with Symphony Music & ARC Musicq catalogues to further their global appeal.”

Primary Wave Music’s David Loiterton adds, “Primary Wave partnered with Times Music because growth in our business will come from emerging markets like India, and there are libraries of legendary music that live in the hearts of local consumers.” He goes on, “These are the first of what we hope will be many more investments in legendary Indian music.”

Trackon Expands Logistics Network with Franchise Growth in South India

Bangalore, March 18, 2025: Trackon, a leader in India’s logistics industry, is significantly expanding its franchise network across South India to enhance last-mile delivery capabilities and accelerate business growth. With a strong focus on Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, and Kerala, this expansion aligns with Trackon’s mission to provide seamless logistics solutions to businesses and consumers across the region.

Trackon’s franchise model has been a key driver of its growth, contributing significantly to its annual turnover, which has now surpassed INR 500 crore. With over 6500 franchise partners, the company has successfully expanded its reach to over 15,000 pin codes, making deliveries more efficient and accessible in both urban and rural areas. This year alone, Trackon plans to onboard 1500 new franchises, with a majority focused on strengthening its presence in South India’s rapidly growing logistics market.

“Our expansion in South India is a strategic move to meet the increasing demand for reliable, cost effective and efficient logistics services in the region. By empowering local entrepreneurs with business opportunities and equipping them with advanced technology and logistical support, we are not only expanding our network but also contributing to regional economic growth,” said Rajesh Kapase, CEO, Trackon.

As part of its expansion strategy, Trackon is also investing in technology to streamline franchise operations. The company is integrating AI-driven tracking systems, automated dispatch management, and real-time delivery updates, ensuring enhanced efficiency for franchise partners and customers alike. Additionally, Trackon is actively hiring skilled professionals across South India to support its growing operations, ensuring seamless logistics services. The expansion will also facilitate improved connectivity for e-commerce businesses, MSMEs, and individuals requiring fast and secure deliveries.

Trackon’s commitment to innovation, operational excellence, and accessibility continues to position it as a frontrunner in India’s logistics industry.

Navi UPI Becomes Official UPI Partner of Royal Challengers Bengaluru for T20 2025

National, 17th March, 2025: Navi UPI has partnered with Royal Challengers Bengaluru (RCB) as their Official UPI Partner for the T20 Season 2025. This partnership gives Navi UPI users an exclusive 24-hour early access window to book tickets for RCB’s home matches, allowing them to secure their spots before general sales begin.

RCB, one of the most followed teams in the league, heads into T20 season 2025 with a refreshed squad led by Rajat Patidar. Backed by a passionate fan base, the team boasts a formidable lineup of key players featuring Phil Salt, Liam Livingstone, and Bhuvneshwar Kumar, aiming to set its mark this season. The 18th edition of the T20 will feature ten teams competing across 74 matches from 22nd March to 25th May in 13 cities across India.

Rajiv Naresh, CEO, Navi Technologies, said: “We are thrilled to partner with RCB. Navi UPI has been growing rapidly, and with cricket being the most celebrated sport in the country, our partnership with Royal Challengers Bengaluru was a natural fit. RCB and its fans share an unshakeable bond, making this partnership an opportunity to create something truly special for the Bengaluru audience. By bringing together the passion of cricket and the power of seamless digital payments, we aim to enhance the fan experience in a meaningful way.”

As part of this partnership, Navi UPI users will have priority access to RCB home match tickets before general sales:

  •  For the first four matches, early access for Navi UPI users starts at 11 AM on 18th March, while public sales open at 11 AM on 19th March
  •  For the remaining three matches, ticket sales will go live later in the season, with Navi UPI users once again getting early access 24 hours before the general public.

A banner on the Navi app will provide direct access to these exclusive tickets.

How to Book Tickets via Navi UPI:

  1. Download the Navi app from the Play Store or App Store.
  2. Open the app and tap on the RCB ticket booking banner for exclusive early access.
  3. Choose your match and preferred ticket category.
  4. Pay securely using Navi UPI and confirm your booking.

Through this partnership, Navi strengthens its presence in digital finance, offering seamless transactions while bringing fans closer to the game.

Speaking on the partnership, Rajesh Menon, Chief Operating Officer, RCB, said, “We are thrilled to partner with Navi as our official UPI partner. This collaboration aligns perfectly with our commitment to providing seamless and innovative experiences for our fans. With Navi’s convenient payment solutions, we’re excited to make game experiences more convenient, enhancing the overall fan journey.”

Zee 24 Ghanta’s ‘Jaa Bolbo Shotyi Bolbo’ Premieres on 17th March 2025

Zee 24 Ghanta is set to revolutionize prime-time journalism with its latest news show, ‘Jaa Bolbo Shotyi Bolbo’, premiering on 17th March 2025, which will be telecast daily at 9 PM. With a sharp focus on truth and accountability, the show aims to deliver in-depth reporting and fearless analysis, providing viewers across Bengal with journalism that goes beyond the headlines.

In an era of rampant misinformation and political biases, Jaa Bolbo Shotyi Bolbo stands out as a fearless voice committed to fact-based journalism. Hosted by Pew Roy, the newly appointed Deputy Editor of Zee 24 Ghanta, the show cuts through speculation and sensationalism to bring unfiltered, fact-checked news to the forefront. By challenging those in power, questioning narratives, and demanding accountability, it aims to ensure transparency in news reporting. At a time when many take sides with political parties, Jaa Bolbo Shotyi Bolbo remains dedicated to uncovering the true and unbiased story, empowering viewers with news they can trust.

Designed to be a powerhouse of investigative journalism, ‘Jaa Bolbo Shotyi Bolbo’ will feature in-depth investigations, exclusive reports that challenge misleading narratives. Each episode will uncover compelling stories, raise crucial questions, and offer fact-based insights that impact everyday lives. Covering a wide range of topics—from political developments to social issues and economic affairs—the show is set to become the go-to platform for audiences seeking the unvarnished truth.

Mr. Ashish Dave, Channel Head, Zee Rajasthan & Zee 24 Ghanta, emphasized the show’s core mission, stating, “At a time when sensationalism is rampant, our goal with ‘Jaa Bolbo Shotyi Bolbo’ is to bring back the essence of truth-based journalism. We will uncover facts, challenge misinformation, and deliver the truth with integrity. This show is about asking tough questions and ensuring that our viewers are truly informed.”

Mr. Karan Abhishek Singh, CEO, Zee Media Corporation Limited, highlighted the channel’s unwavering commitment to impactful journalism, highlighting, “Our mission has always been to deliver fearless, fact-based journalism. With ‘Jaa Bolbo Shotyi Bolbo,’ we are taking this commitment to the next level—challenging misinformation, demanding accountability, and ensuring that viewers receive news that truly matters. This show is not just another addition to our lineup; it is a statement of our dedication to truth-driven storytelling that makes a real impact.”

With the launch of this show, Zee 24 Ghanta reinforces its commitment to fearless journalism. The channel has built a reputation for its dedicated news coverage, and ‘Jaa Bolbo Shotyi Bolbo’ is the next step in strengthening that legacy. Viewers can expect content that is investigative, thought-provoking, and focused on real issues that matter.

Zee Media Corporation Ltd, one of India’s leading media companies, has a strong presence in the news and regional genres, with 21 News channels, reaching more than 555+ million viewers in current year through its linear properties.

Rangsons Aerospace Raises INR 300 Crore to Fuel Growth

Bengaluru, March 13, 2025 – Rangsons Aerospace, a leading product technology firm for aerospace, defense and homeland security has announced today that it has secured an investment of ₹300 crore (USD 36.5 Million) towards expanding its operational capacity to address the increasing demand for its Products and Solutions for the commercial and military aviation markets globally, and drive growth into new business areas through strategic acquisitions. This funding round was led by ValueQuest Investment Advisors and had Anand Rathi Advisors as the financial advisor for the transaction.

This investment in Rangsons Aerospace marks the first addition to the portfolio construction for ValueQuest Tristar Fund, a Category II AIF (Alternate Investment Fund) focused on thematic sector investments. With deep niche expertise in these industries, ValueQuest believes the tailwinds in these sectors will drive long-term, decadal growth, making it an opportune time to launch this thematic fund.

Mr. Pavan Ranga, Managing Director, Rangsons Aerospace said, “We are excited about this fund raise from ValueQuest. It will help accelerate our expansion plans and enhance our ability to serve the growing demands of the aerospace and defense sectors”. He further added, “This investment fuels our vision of expanding into global markets and advancing aerospace innovation. One of our goals is to capture a significant share of the ₹20,000 crore fluid-conveyance system market while continuing to develop world-class solutions for India’s Ministry of Defence and international partners.”

Mr. Aniket Dharamshi, Fund Manager, VQ Tristar, added, “The team at Rangsons has built a promising business and we are confident in their ability to continue scaling. We are excited to partner with them on their growth journey and support their vision of becoming a leader in aerospace and defense solutions.” Additionally, Mr. Ravi Dharamshi, Founder & CIO, ValueQuest, stated “Tristar is specifically designed to capitalize on the long-term growth potential in sectors like defense, aerospace, and precision engineering. With our deep sector specific expertise, we are well-positioned to identify and partner with breakthrough entrepreneurs like Pavan and his team at Rangsons to create long-term value.”

Mr. Sachin Mehta, Director, Anand Rathi Investment Banking, added: “We are honoured to partner with Rangsons Aerospace, part of the prestigious NR Group, and grateful to Pavan for this opportunity. This marks our fourth transaction in the burgeoning Indian aerospace sector and our second with ValueQuest. We look forward to supporting the sector’s growth with our expertise and deep industry knowledge.”

Mr. Samir Bahl, CEO, Anand Rathi Investment Banking, commented:
“Rangsons Aerospace has built a strong reputation as a trusted partner for global aerospace and defence majors, backed by large orders, strong execution capabilities, and visionary leadership. This transaction highlights the increasing investor confidence in India’s aerospace sector, and we are proud to have facilitated this partnership between Rangsons Aerospace and ValueQuest.”

HSBC India, Concern India Foundation Launch EV Training for Women

Bengaluru, 13th March, 2025, In a significant step towards women’s empowerment and financial independence, HSBC India in partnership with Concern India Foundation has successfully completed a skilling program to train women in driving autorickshaws. As part of the initiative, HSBC India handed over 30 electric auto rickshaws to the women with the aim to provide them a sustainable livelihood. This program was facilitated by Shishu Mandir, Concern’s ground partner in Bengaluru.

Most of the women supported through this project have studied up to Class 8 or 10 but have struggled to enter the job market due to limited education and employability skills. By providing them with professional training in autorickshaw driving, this initiative not only empowers them with a sustainable livelihood, but also challenges gender stereotypes in the transport sector. The program enhances their self-esteem, confidence, and financial independence.

With the increasing demand for last-mile connectivity, this initiative creates economic opportunities while contributing to environmental sustainability through the use of electric vehicles—an eco-friendly mode of transport with zero carbon emissions and minimal noise pollution.

The newly trained women drivers will now be seen on Bengaluru’s roads, providing safe and reliable transportation services while serving as role models for others.

Addressing the gathering, Mamatha Madireddy, Head of HSBC Global Service Centres, said, “The programme caters to two important aspects. It is a diverse and inclusive programme generating employment opportunities for women and secondly the importance of sustainable travel by being environment friendly. The programme resonates well with the theme of International Women’s Day 2025 – to accelerate action for women’s equality! It is an inclusive programme that helps 30 women to be independent individuals and improve the economic living conditions of the women in their communities.

At Concern India Foundation, Kavita Shah, CEO, Concern India Foundation added….
“HSBC India has been collaborating with Concern India Foundation for the past four years to support initiatives that have a lasting impact on the environment. By providing non-polluting electric vehicles, this project integrates skill development with sustainable livelihood opportunities while maintaining a strong focus on environmental responsibility. At Concern India Foundation, we believe that these women are not just acquiring a skill and a means to a dignified livelihood but are also becoming Climate Champions, promoting green mobility and a cleaner future.”

FedEx Accelerates Women Entrepreneurs’ Growth with Saksham

Mumbai, March 10, 2025: Federal Express Corporation (“FedEx”), the world’s largest express transportation company, continues to champion inclusive entrepreneurship in India through the ‘Saksham’ initiative for the fourth conservative year. This year, Saksham has empowered over 270 women entrepreneurs and nearly 160 LGBTQIA+ community members. These entrepreneurs received customized Saksham kits containing essential business resources, as well as mentorship and industry-specific training. The initiative has supported small businesses across sectors such as tiffin services, tailoring, handicrafts, food services, and beauty—providing them with the tools needed to scale and succeed.

“The Global Entrepreneurship Monitor (GEM) highlights, if there is a sustained and concerted effort to help women start and grow businesses at the same rates as men, USD 5 to 6 trillion of new global economic output could be added,” said Suvendu Choudhury, vice president, India Operations, FedEx. “With 2.2 crore[1] women-owned MSMEs in India, their potential is vast. However, barriers to capital, business knowledge, and market access persist. Through ‘Saksham,’ FedEx, in collaboration with United Way, aims to bridge this gap, enabling women entrepreneurs to establish stronger businesses and contribute to economic growth.”

Since its inception in 2021 in collaboration with United Way Mumbai, ‘Saksham’ has achieved significant milestones. In 2024 alone, 38% of beneficiaries who previously had no income now earn an average of ₹61,176 annually. Additionally, 19% of those earning under ₹15,000 annually have increased their income to an average of ₹66,782. These numbers highlight the direct economic upliftment the program has fostered*.

As part of its broader commitment to inclusive growth, ‘Saksham’ also supports the LGBTQIA+ community. Before joining the program, 45% of these participants were unemployed. Post-enrolment, 90% have either secured jobs or started their own businesses. Among them, 68% now hold private-sector roles earning ₹14,000–₹15,000 per month, while 23% have launched successful enterprises in cultural performances, beauty services, and tailoring*.

“At United Way Mumbai, we believe that economic empowerment is key to building resilient communities. Through Saksham, we have witnessed firsthand the transformative impact of access to resources, mentorship, and market linkages on women and LGBTQIA+ entrepreneurs. The success stories emerging from this initiative are a testament to the power of inclusive entrepreneurship in driving sustainable economic growth. We are grateful to FedEx for their support to this partnership,” said George Aikara, CEO, United Way Mumbai.

For the women entrepreneurs benefiting from this initiative, Saksham represents more than just business growth—it is a transformative journey. Mamta Gawali, a program beneficiary and beauty services entrepreneur, shared: “Before Saksham, sustaining my business was a constant struggle, and expanding seemed impossible. But with the Saksham Kit, which provided essential tools, products, and equipment’s, I enhanced my services and attracted more customers. The financial management training taught me the importance of saving, and today, I have a bank account and a clear plan to grow my business—ensuring a better future for my children.”

As FedEx continues its journey as a responsible corporate citizen, initiatives like Saksham reinforce its commitment to fostering an inclusive and economically empowered India. By taking tangible actions under #AccelerateAction, FedEx is strengthening the foundation for women entrepreneurs to thrive, creating a ripple effect that uplifts communities and drives economic progress.

India’s Retail Sector Set to Reach INR 2 Trillion by 2032

Mumbai, 1st March, 2025India’s retail sector is in the middle of a powerful transformation. Digital adoption, shifting consumer preferences, and a younger workforce are reshaping the industry at an unprecedented pace. As retailers navigate this dynamic environment, a new Great Place To Work® India study has identified three key factors determining their long-term success: Agility, Innovation, and Retention.

Retail remains a crucial pillar of India’s economy, contributing 10% to the country’s GDP and employing 8% of the workforce. The sector is projected to surpass $2 trillion by 2032, fueled by a rising middle class, increasing disposable incomes, and a thriving digital marketplace. E-commerce, in particular, is playing a pivotal role in this expansion, with the market expected to grow from $123 billion in 2024 to $292 billion by 2028. Digital payments, improved logistics, and increasing consumer trust have accelerated this shift, and the trend is not confined to metropolitan areas. Tier-2 and Tier-3 cities are fast becoming key drivers of demand, as rising incomes and better infrastructure fuel the next wave of retail expansion.

As the industry evolves, the study highlights a defining advantage for businesses that invest in their people. 88% of retail employees report a great workplace experience, and organizations that foster a culture of trust, fairness, and innovation are seeing tangible benefits in business performance, employee engagement, and customer satisfaction.

“Retail in India continues to evolve rapidly in 2025. Digital transformation, shifting consumer preferences, younger workforce, and changing workforce expectations are reshaping the industry. While the market dynamics will continue to fluctuate, the fundamental driver of success remains constant: Your People. Organizations that strategically prioritize their employees are best positioned to navigate this changing environment and achieve sustained growth. Workplace experience has improved over the last year, with 88% of retail employees now experiencing a great workplace, building on the momentum of 2024. This progress is no accident. Retail leaders have actively built a culture of trust, acted on employee feedback, ensured fair performance evaluations, and aligned roles with business goals. These efforts have fostered a more trusting, motivating, and fulfilling work environment that empowers employees and helps drive business success. Our latest study, capturing insights from 40 organizations and 3.2 lakh+ employee voices, identifies three key priorities shaping retail’s future: Agility, Innovation, and Retention,” said Balbir Singh, CEO, Great Place To Work® India.

Agility is becoming a defining factor in retail success. The ability to pivot quickly in response to evolving consumer demands, supply chain disruptions, and digital transformation separates thriving retailers from those struggling to keep pace. According to the study, 88% of retail employees say their teams adapt quickly, which is critical in an industry where trends shift rapidly. Businesses that invest in agility—whether through upskilling employees, streamlining decision-making, or leveraging data-driven insights—are better positioned to stay ahead of the curve. The study also found that agile organizations are more successful in attracting and retaining top talent, with 15% more employees saying their leadership excels at attracting and developing key talent.

Innovation is another cornerstone of retail growth. Companies cannot afford to remain stagnant in an industry where consumer expectations are constantly evolving. The study finds that 86% of retail employees say their organizations actively encourage new ways of doing things, fostering a culture of continuous improvement. Employees themselves are eager to contribute, with data showing that eight are ready to bring fresh ideas to the table for every two employees who feel stuck. Organizations that listen to employee insights, experiment with new strategies, and embrace digital advancements are setting themselves apart. The best-performing retailers are not waiting for change to happen but creating it.

However, despite innovation’s exciting opportunities, retention remains one of the industry’s biggest challenges. The study reveals that the retail sector has an annual voluntary turnover rate of approximately 28%, one of the highest across industries. High attrition affects service quality, disrupts operations, and increases recruitment costs. Yet, there is a straightforward solution. The data shows that career growth opportunities directly impact retention, with employees who experience career advancement being four times more likely to stay. Companies prioritizing leadership development, fair compensation, and inclusive workplaces see greater stability, stronger teams, and improved business outcomes.

“Agility ensures businesses can pivot quickly in response to shifting consumer trends. Innovation must come from every level, empowering employees to contribute ideas that drive growth. Retention is critical in an industry with high turnover; it requires building workplaces where employees feel valued, heard, and connected to a larger purpose. Focusing on this isn’t just good for people, it’s also good for business. The Best Workplaces in Retail recognize that an engaged, inspired workforce translates into more substantial customer experiences, higher productivity, and sustained growth. They invest in their people because they know the returns go beyond numbers. The call to action is clear with rising competition and evolving consumer demands: The future of the industry will be shaped by the investments we make in our people today. Organizations that prioritize talent development will not only thrive but also set the pace for innovation and excellence,” added Balbir Singh.

Retail leaders in India are making the employee experience a strategic priority in 2025. Companies that actively listen to employee feedback and implement meaningful changes see stronger workplace cultures, improved morale, and better business results. Employees given greater autonomy, encouraged to think creatively, and provided with structured career paths feel more engaged and committed to their roles. Transparent and consistent performance evaluations also play a crucial role in maintaining motivation and trust. By aligning employee roles with overall business goals, companies are fostering a culture of innovation and strengthening their customer experience.

“A great retail workplace is about trust, leadership, and a culture where people thrive. The organizations recognized as India’s Best Workplaces in Retail 2025 have set new benchmarks in employee well-being, innovation, and workplace excellence. As the industry evolves, these retailers show that investing in people is key to long-term success,” said Kumar Rajagopalan, CEO, Retailers Association of India.

The study makes it clear: when organizations focus on agility, innovation, and retention together, they see a fourfold improvement in the overall workplace experience. Employees who feel empowered to adapt to change, contribute innovative ideas, and see clear career growth opportunities are far more engaged, leading to stronger business performance and lower turnover. In a fast-paced retail environment, companies that fail to recognize the importance of these factors risk falling behind. The future belongs to organizations that invest in their people, embrace innovation, and build workplaces that inspire loyalty and excellence.

New Office Supply Hits Record 515 Lakh Sq Ft in 2024 Vestian

New Delhi, 28th Feb 2025: Vestian’s office market report stated that 2024 has been challenging for the Indian office market due to global macroeconomic uncertainty, escalating geopolitical frictions, and sticky inflation. Despite these challenges, India’s office market reported the highest-ever supply in any year.

A surge in demand for grade-A office spaces kept developers active throughout the year. Construction activities increased by 7% compared to the previous year, reaching 515 lakh square feet, marking the highest supply ever recorded. Among the top seven cities, the maximum fresh supply was seen in Hyderabad followed by Bengaluru.

With robust absorption and supply in 2024, vacancy rates improved slightly, decreasing from 13.98% in 2023 to 13.91% in 2024. Additionally, rental prices increased by 3.8% to 8.2% across the top seven cities.

Since the pandemic, office space absorption has gradually increased each year, despite global headwinds. In 2024, the absorption reached an all-time high of 707 lakh square feet, reflecting a 16% annual increase. All cities except the National Capital Region (NCR) and Kolkata reported their highest-ever absorption levels during 2024. Absorption in Kolkata and NCR saw annual declines of 36% and 14%, respectively.

Office Market Summary: 2024

City Absorption (Lakh sq ft) Share

(%)

Y-o-Y Change (%) New Completions (Lakh sq ft) Share

(%)

Y-o-Y Change (%)
Bengaluru 177 25% 15% 140 27% 4%
Chennai 92 13% 30% 29 6% -57%
Hyderabad 131 19% 11% 145 28% 7%
Mumbai 126 18% 50% 73 14% 170%
Kolkata 06 1% -36% 00 0% -100%
Pune 86 12% 23% 59 11% 11%
NCR 89 13% -14% 69 13% 30%
Total 707 100% 16% 515 100% 7%

Shrinivas Rao, FRICS, CEO, Vestian said, “IT-ITeS sector continued to dominate leasing activities during 2024 with 36% share. The share has increased from 24% a year earlier. While IT industry is expected to lead in 2025 on the back of strong demand from GCCs, other segments such as BFSI and Flex Spaces are also anticipated to garner traction.”

Rao further added, “Emphasis on sustainability has grown among occupiers as several multinational companies with offices in India have pledged to achieve net-zero emissions, leading to a rise in demand for green-certified office spaces in India. Anticipating this shift, leading developers are prioritizing the construction of sustainable office buildings.”

City-wise Analysis

  • Bengaluru dominated the absorption with 177 lakh sq ft in 2024, registering an increase of 15% over the previous year. However, the share remained stable at 25% compared to last year.
  • The share of Mumbai in pan-India absorption increased from 14% in 2023 to 18% in 2024 whereas the share of NCR declined from 17% to 13% during the same period. The share remained largely stable for the rest of the cities.
  • Southern cities (Bengaluru, Chennai, and Hyderabad) accounted for 57% of the pan-India absorption in 2024. The share marginally increased from 56% in 2023.
  • Hyderabad reported the highest new completions of 145 lakh sq ft in 2024, closely followed by Bengaluru with 140 lakh sq ft. Interestingly, Kolkata witnessed no new completions during 2024 as compared to over 10 lakh sq ft of supply in the previous year.
  • New completions increased by 170% in Mumbai, the highest amongst the top seven cities. Conversely, new completions were reduced by 57% in Chennai during 2024.

CHHAAVA Breaks Box Office Records, Captivates Millions

National, 21st February 2025: Cinema lovers, history buffs, and action enthusiasts alike— get ready for a blockbuster spectacle that’s igniting theatres everywhere! Chhaava, the spectacular historical drama on the life of Chhatrapati Sambhaji Maharaj, isn’t just a film; it’s an experience best felt on the grand canvas of the big screen. Vicky Kaushal, in a career-defining role, brings the legendary warrior to life with an intensity that has left audiences spellbound.

Since its release, Chhaava has commanded an extraordinary presence in theatres, maintaining a record-breaking 35% weekday occupancy at PVR INOX cinemas. Adding to its resounding success, the film has now been declared tax-free in Maharashtra and Goa, making it even more accessible to audiences. With reports indicating that another state may soon follow suit, the film’s cultural and historical impact continues to grow.

“The tax-free status in Maharashtra and Goa underscores the importance of Chhaava as a historical and cultural masterpiece. The film has ignited an unparalleled passion among audiences, proving the timeless appeal of powerful historical storytelling. Yesterday, on Chhatrapati Shivaji Maharaj Jayanti, moviegoers turned out in large numbers to celebrate the legacy of the great warrior ,leading to an overwhelming response of 75% occupancy across our cinemas in the West region! This response is a testament to its grandeur, authenticity, and Vicky Kaushal’s electrifying performance, reinforcing the magic of the big-screen experience,” says Gautam Dutta, CEO, PVR INOX Limited.

Here’s what makes Chhaava a must-watch in theatres:

  1. A Powerhouse Performance
    Vicky Kaushal delivers a commanding portrayal of Chhatrapati Sambhaji Maharaj, embodying his courage, conviction, and unyielding spirit. His intense performance has drawn unanimous praise, while Rashmika Mandanna’s portrayal of Yesubai adds emotional depth. Akshaye Khanna’s chilling turn as Aurangzeb makes for an unforgettable antagonist, elevating the film’s dramatic stakes.
  2. A Story Etched in History, Told with Passion
    Adapted from Shivaji Sawant’s acclaimed Marathi novel Chhava, the film delves deep into the trials and triumphs of Sambhaji Maharaj. From his childhood to his fierce battles against the Mughals, the story captures the resilience of a leader who defied the odds and left an indelible mark on history.
  3. Box Office Triumph & Audience Fervor
    Smashing records since day one, Chhaava has grossed approximately ₹200 crore worldwide within just five days. It stands as Vicky Kaushal’s biggest opening yet, and its sustained momentum proves that audiences can’t get enough of this gripping historical epic. The film’s box office dominance is a testament to its widespread appeal and powerful storytelling.
  4. Spectacular Cinematic Craftsmanship
    The film’s breathtaking cinematography, larger-than-life battle sequences, and stunning set designs transport viewers straight into the heart of 17th-century India. The immersive scale of the production, coupled with meticulously choreographed action, ensures a visually arresting experience that only a theatre can fully deliver.
  5. An Emotional & Patriotic Powerhouse
    Chhaava isn’t just about war—it’s about valor, sacrifice, and the undying spirit of a leader who lived for his people. The film has left audiences in tears, ignited conversations about Maratha pride, and reinforced the power of cinematic storytelling. Watching it in a packed theatre, surrounded by people moved by the same emotions, amplifies its impact tenfold.

With immersive formats like P(XL), IMAX, and 4DX, PVR INOX cinemas offer the perfect setting to experience this landmark film. Feel every battle cry, witness every grand moment, and be part of the spectacle that has redefined historical epics in Indian cinema.

Don’t miss out—book your tickets now and experience Chhaava in all its grandeur before its legendary run comes to an end!