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RITES shares rocket 16% on Rs 175 crore consultancy order from Ambedkar University
RITES shares surged 16% after securing a Rs 175 crore project management consultancy order from Babasaheb Bhimrao Ambedkar University for campus infrastructure development. The company also recently inked an MoU with CONCOR to collaborate on logistics infrastructure projects, leveraging RITES' expertise for planning, design, and execution. This follows a period of mixed stock performance, with recent gains after earlier declines.
PM Internship Scheme gets campus hiring option as govt pushes wider industry participation
Great news for aspiring interns: the Ministry of Corporate Affairs has opened the doors for companies to recruit directly from academic institutions through the PM Internship Scheme! With the government subsidizing ninety percent of intern stipends, it’s a win-win situation. Recruiters can engage with potential candidates right on campus, making the hiring process streamlined and efficient.
Expanding corporate occupier activity drives large office leasing across India
India's commercial office market is increasingly dominated by large occupiers seeking consolidated, campus-style workplaces. Large office transactions surged 3% year-on-year, comprising 65% of total leasing, while smaller office demand grew at a slower pace. Bengaluru leads in large deals, with Hyderabad and Mumbai showing accelerated growth.
TCS scales up Chennai presence to 7.79 lakh sq ft with fresh OMR lease
Tata Consultancy Services is expanding its Chennai office space by 1.47 lakh sq ft at Ozone Techno Park. This move increases TCS's total rental commitment at the campus to nearly Rs 3.5 crore monthly. The expansion reinforces Chennai's importance as a key delivery hub for TCS.