22, Jun 2026
fäm Properties closes AED124 million office sale at Vision Tower, Business Bay
Approximately 40,000 square feet of Grade A office space changes hands, underlining sustained demand for prime business district assets in Dubai
Dubai, UAE, 22nd June 2026: fäm Properties has facilitated the sale of approximately 40,000 square feet of office space at Vision Tower in Business Bay for AED124 million, the biggest commercial real estate deal of its kind ever recorded in Dubai.
The asset, a contiguous block of Grade A office space across multiple floors in one of Business Bay’s landmark towers, was acquired by a UAE-based company as part of its business expansion plans.
“The transaction reflects continued confidence among local businesses in Dubai’s commercial real estate market, with investors and occupiers maintaining their focus on established business- districts and institutional-quality assets,” said Firas Al Msaddi, CEO of fäm Properties.
“Demand for well-located, institutional-grade office space in Dubai has stayed consistent. Buyers active at this level are precise about location, building quality and tenant profile. Assets that meet that standard continue to move.”
Daniel McCullagh, Commercial Sales Manager at fäm Properties, said transactions of this size typically involve extended due diligence, multiple stakeholders and detailed commercial structuring.
Led by McCullagh, fäm’s commercial team advised on both pricing context and execution, drawing on transaction data recorded with the Dubai Land Department to benchmark value and demand across the district.
The deal adds to the commercial division’s activity in large-format office mandates, advising occupiers, investors and landlords across Dubai’s principal office markets.
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- By Neel Achary
22, Jun 2026
Buzz Builds Around Mukul Phate’s Upcoming Music Video; Industry Awaits Big Release
Mumbai: Rising actor Mukul Phate is creating significant buzz in the Marathi entertainment industry with his upcoming music video, which has quickly become a topic of discussion across media platforms and social circles. With anticipation growing steadily, fans and industry insiders alike are eagerly waiting for the official release.
Directed by noted filmmaker and choreographer Suniel Waghmare (Smasterji), the project is already drawing attention for its promising creative team and energetic concept. Sharing his thoughts on the excitement surrounding the release, Waghmare said, “The response we’ve received even before launch has been incredible. The team has put in tremendous effort, and we’re confident audiences will enjoy what we’ve created. It will be worth the wait.”
Supporting the project as assistant director is Rajnish Singh, a recognised model known for his achievement in Teen India 2018. His contribution has added fresh creative energy and discipline to the production.
The music video also features accomplished dance performers Apeksha Londhe and Pratiksha Londhe, both of whom have impressed audiences through popular reality platforms including Maharashtra Best Dancer (Top 6), YDQ, India’s Best Dancer Season 3, and Dance Plus 6. Their presence is expected to bring strong visual appeal and powerful choreography to the screen.
The musical aspect of the project is equally exciting, with talented singer Harshavardhan Wavare lending his voice and Sarvesh Sable composing the music. Together, they promise a vibrant soundtrack that complements the scale and energy of the video.
With a talented cast, strong creative direction, and growing excitement among fans, Mukul Phate’s upcoming music video is shaping up to be one of the most talked-about releases in Marathi entertainment. Industry watchers believe the project has all the ingredients to make a strong impact upon release.
22, Jun 2026
Carne Group appoints John Parkhouse as President to accelerate execution of its growth strategy
London, 22nd June 2026 – Carne Group (Carne), Europe’s largest third-party management company, today announced the appointment of John Parkhouse as President, strengthening its leadership as the firm accelerates execution of its long-term, client-led growth strategy.
John Parkhouse brings more than 30 years’ experience in international financial services and asset management. He joins Carne following a distinguished career at PwC, where he spent over three decades advising global asset managers and investment fund groups, and most recently served as Territory Senior Partner and CEO of PwC Luxembourg, leading a business of circa 4,000 professionals.
As President of Carne Group, John Parkhouse will lead the Global Executive Committee and be responsible for executing group strategy, ensuring a client-led focus as Carne continues to scale its platform and capabilities globally.
John Donohoe, Founder and Group CEO, remains CEO, with a focus on innovation, long-term strategy and value creation. John Parkhouse will report directly to him.
This partnership combines deep operational leadership with founder-led vision, strengthening Carne’s ability to continue focusing on serving clients and building talent.
A key driver of the firm’s next chapter is the growing adoption of the ‘Supermanco’ model, where managers are increasingly looking beyond compliance and asking specialist operational partners to also help them launch products faster, enter new asset classes, navigate different fund structures, and grow across markets.
This demand is being driven by a structural shift in the asset management industry, where traditional operating models are struggling in the face of increased competition and complexity. Carne has invested heavily in developing the technology and expertise to help its clients overcome this at scale.
John Parkhouse’s appointment represents the latest milestone in Carne’s longstanding growth strategy, which includes the recent announcement of Permira as a significant minority investor (subject to regulatory approval). Parkhouse’s appointment reflects the scale, credibility and momentum of Carne’s business today, combining strong client demand, the confidence of a significant new investor, and experienced leadership focused on accelerating what comes next. A key part of John Parkhouse’s role will be working with Permira to maximise the value they can bring.
John Donohoe, Founder and Group CEO of Carne Group, said: “John’s track record and prominence as a figurehead in the asset management industry, combined with his reputation for being relentlessly client-led, makes him an ideal fit as we build on the phenomenal success Carne has achieved so far, and enter a phase where disciplined execution and client experience are just as important as ambition and innovation.
This is not just an investment in Carne’s future, but an investment in our clients’ future. John brings the experience and leadership to ensure that, as we scale, the people who build this business and the clients we serve all feel the benefit of what comes next.”
John Parkhouse, President of Carne Group, added: “Carne has built a hugely impressive combination of people, technology and ambition that positions the business to play a key role in the future of our industry. Having spent more than three decades advising asset managers, I am convinced this is a moment of genuine opportunity, both for Carne and its clients.
In the last few years, product innovation and distribution have increasingly outpaced operating models, leaving many managers struggling to keep up. This is where Carne’s redefined vision of the Supermanco comes in: we provide the operational backbone that enables managers to achieve their growth ambitions, against a backdrop of rising costs, competition and
Carne’s leadership position is further reinforced by the PwC 2026 Observatory for Management Companies Barometer and Monterey Insight’s latest report, which have recognised Carne as the largest third-party management company (ManCo) by assets under management (AUM) in Luxembourg and Ireland, respectively. Together, these reports confirm Carne’s position as the largest third-party ManCo in Europe, overseeing more than $1 trillion in AUM globally.
22, Jun 2026
Lucknow Coaching Centre Fire: 13 Dead, Several Injured as Blaze Engulfs Building in Aliganj
Lucknow, June 22: At least 13 people were killed after a massive fire broke out in a building housing a coaching centre in the Aliganj area of northwest Lucknow on Monday, officials said. Several others were injured as panic gripped the area and some students attempted to escape by jumping from the building.
According to initial reports, the fire erupted suddenly inside a three-storey commercial building that housed a coaching institute along with a pet shop and other commercial establishments. The blaze spread rapidly, trapping students and staff inside the premises.
Eyewitnesses said thick smoke filled the building within minutes, making evacuation difficult. In desperation, several students reportedly jumped from the first floor to escape the flames, with at least one person sustaining serious injuries.
Fire and emergency services rushed to the spot and carried out intensive rescue operations. The blaze raged for over an hour before being brought under control. After the fire was doused, officials recovered at least 13 bodies from the building, while rescue teams continued searching for any remaining trapped individuals.
A video circulating from the site showed chaotic scenes, including individuals attempting to escape through broken windows and falling while trying to reach safety.
Police and administrative officials, including senior officers, reached the spot to oversee rescue and relief operations. The building has been cordoned off and a detailed investigation has been launched to determine the cause of the fire.
Expressing grief over the incident, Prime Minister Narendra Modi announced an ex-gratia of ₹2 lakh each for the families of the deceased and ₹50,000 for the injured from the Prime Minister’s National Relief Fund.
Uttar Pradesh Chief Minister Yogi Adityanath also directed officials to reach out to affected families and ensure proper medical treatment and assistance for the injured.
Further details are awaited as rescue and identification efforts continue.
22, Jun 2026
West Bengal Budget 2026-27 Receives Positive Response from Industry Leaders Across Key Sectors
“We applaud the bold budget presented today, the welfare of citizens is obviously the Top Agenda .
Specifically for businesses, the three blockbuster industrial reforms: completely dismantling the corrupt ‘Syndicate Raj,’ slashing stifling local red tape for mega-investments, and finally targeting the archaic Urban Land Ceiling Act. These are massive, historic strides toward a Viksit Bangla.
However, Bengal‘s industry rightfully expected an absolute knockout punch. The writing was already on the wall; a mere bureaucratic review is a half-measure. The government must bypass all further delays, and entirely abolish this obsolete Urban Land Ceiling Act immediately. Bengal cannot afford to waste another single second of our economic future.”
“The West Bengal Budget 2026-27 has laid significant emphasis on infrastructure development, employment generation and investment promotion, all of which are important drivers of economic growth and housing demand.
From a real estate perspective, the proposed infrastructure investments, enhanced connectivity initiatives and the announcement of a second airport in the Kolkata region have the potential to unlock new growth corridors and support residential, commercial, industrial and logistics-led development.
The proposed industrial policy and focus on faster approvals are also encouraging steps that can strengthen investor confidence and accelerate economic activity across the state.
The continued focus on housing through PM Awas Yojana, coupled with measures that support job creation and income growth, should further strengthen end-user demand in the housing market.
We are optimistic about West Bengal‘s growth prospects and its emergence as the country’s top priority destination for investment and development.”
Mr. Sahil Saharia, CEO, Shristi Infrastructure Development Ltd.“The West Bengal Budget 2026-27 has outlined several progressive measures for the real estate and infrastructure sectors. The proposed industrial policy, focus on ease of doing business, monetisation of surplus government land, and continued emphasis on affordable housing are expected to create new opportunities for investment and development across the state. These initiatives will help strengthen West Bengal‘s position as an attractive destination for real estate and infrastructure growth”.
The state‘s focus on both healthcare infrastructure and human capital development in the sector which reflects the strategic understanding that sustainable healthcare growth requires investment in capacity, talent and accessibility simultaneously. If implemented effectively, these measures can significantly enhance healthcare outcomes and further position West Bengal as a leading healthcare destination in Eastern India.”
Dr. M.S. Purkait, Medical Superintendent, Techno India DAMA Hospital.
22, Jun 2026
Railways Enforce Stricter Onboard Discipline Under Jan Vishwas Act; Fines Up to INR 5,000 for Violations
New Delhi, June 22: The Ministry of Railways has implemented stricter penalty provisions under the Jan Vishwas Act, introducing enhanced enforcement measures to curb nuisance activities and ensure a safer and more orderly travel environment across trains and railway stations.
Under the revised framework, several passenger-related violations will now attract on-the-spot fines and stricter action by railway authorities and the Railway Protection Force (RPF).
Unauthorized hawking, including the sale of goods without a valid railway-issued license, will attract a fine of ₹2,000, with repeat offenders liable for higher penalties and possible legal action, including imprisonment.
Begging on trains and railway premises has been strictly prohibited. Individuals found engaging in such activities may be removed from coaches and penalised as per rules.
For nuisance and misbehaviour, including the use of abusive language, creating disturbances, or travelling under intoxication, offenders may face fines of up to ₹1,000, along with possible removal from the train.
The ministry has also reinforced strict action against smoking in prohibited areas, with violators liable to pay a fine of ₹2,000.
In a move to strengthen passenger safety, male passengers found travelling in women-only coaches or berths will be fined ₹2,500 and de-boarded immediately.
Railway officials stated that these measures aim to improve discipline, ensure passenger comfort, and enhance overall safety standards across the railway network.
Passengers have been encouraged to report violations or seek assistance through the Railway Protection Force (RPF) and official railway helplines during their journey.
22, Jun 2026
Odisha CM Announces Rs 4 Lakh Ex-Gratia for Families of Workers Killed in Tamil Nadu Gas Leak
Bhubaneswar, June 22 (UDN): Chief Minister Mohan Charan Majhi on Monday announced an ex-gratia of Rs 4 lakh each for the next of kin of Odia workers who lost their lives in the tragic ammonia gas leak incident at a seafood processing and export unit in Tamil Nadu’s Tiruvallur district.
The financial assistance will be provided from the Chief Minister’s Relief Fund (CMRF), according to an official statement issued by the Chief Minister’s Office (CMO).
Expressing profound grief over the incident, Chief Minister Majhi conveyed his condolences to the bereaved families and assured them of all possible support from the State Government during this difficult period.
“The Odisha Government stands firmly with the affected families and is committed to extending all necessary assistance,” the Chief Minister said.
In a bid to coordinate rescue, relief and rehabilitation measures, the State Government has deputed a three-member team to Tamil Nadu. The team has already reached the affected site to assess the situation and facilitate support for the affected Odia workers.
According to the CMO, the Odisha Government is maintaining constant communication with the Tiruvallur district administration and the Tamil Nadu Government to monitor rescue operations, treatment of the injured and other relief measures.
On the direction of the Chief Minister, Chief Secretary Anu Garg also held discussions with her Tamil Nadu counterpart to ensure proper medical treatment and necessary assistance for the affected Odia workers.
The tragic incident occurred on Sunday following an ammonia gas leak at a private seafood processing and export unit in Tiruvallur district, affecting several migrant workers, including many from Odisha.
22, Jun 2026
RBI Likely to Keep Repo Rate Unchanged Amid Economic Uncertainty: Report
Mumbai, June 22: The Reserve Bank of India (RBI) is expected to keep the repo rate unchanged in its upcoming monetary policy review, according to recent reports.
The central bank is likely to continue with a cautious approach as it balances the need to support economic growth while keeping inflation under control amid ongoing global and domestic uncertainties.
Maintaining the current rate is expected to provide stability to financial markets and ensure steady borrowing conditions for businesses and consumers. It may also help the RBI assess incoming economic data before making any future policy changes.
The decision is being closely watched by markets, businesses, and policymakers for signals on the future direction of monetary policy.
22, Jun 2026
BSCL Transforms Janpath into Climate-Resilient Green Urban Corridor
Bhubaneswar, June 22: The Bhubaneswar Smart City Limited (Bhubaneswar Smart City Limited) has initiated a comprehensive beautification and greening project along Janpath, aimed at transforming the major city artery into a climate-resilient, greener, and more pedestrian-friendly urban corridor.
Climate-Focused Urban Revitalisation
The initiative places strong emphasis on reducing urban heat and improving environmental conditions through large-scale plantation and landscape redesign. Shade-giving trees are being planted along the corridor to mitigate rising temperatures, enhance comfort for pedestrians, and improve overall air quality.
Officials noted that the project is aligned with broader efforts to address the Urban Heat Island effect and promote sustainable urban infrastructure.
Enhanced Green Infrastructure
The redevelopment plan incorporates the replacement of select hard surfaces with green landscaping zones designed to improve water absorption and ecological sustainability.
A diverse range of plant species has been introduced, including:
- Tabebuia rosea for seasonal pink flowering displays
- Rudrapalash (Spathodea) for bright red blooms
- Amaltas for yellow floral accents
- Shrubs such as Hamelia and Acalypha
- Groundcover plants like Rhoeo
These additions are expected to enhance both the ecological value and visual appeal of the corridor.
Development of Community Public Spaces
As part of the project, 10 public plazas are being developed at strategic locations, including Ekamrakshetra, Master Canteen traffic islands, Rajmahal Flyover underside, IDCO Tower front, and OPTCL front.
These plazas will function as cultural and social interaction spaces, supporting community engagement and hosting events such as Patha Utsav and other local gatherings.
Towards a Sustainable Urban Future
The initiative reflects BSCL’s commitment to developing sustainable, people-centric urban infrastructure that integrates environmental resilience with public utility.
The project is scheduled for completion by August and is expected to serve as a model for future urban greening initiatives in Bhubaneswar.
22, Jun 2026
Major Maoist Arms, Explosives Cache Recovered in Koraput
Koraput, June 22 (UDN): In a significant breakthrough in anti-Maoist operations, security forces have recovered a huge cache of arms, ammunition and explosives from a Maoist dump concealed in the dense forests of Badlipahad under Boipariguda police station limits in Odisha’s Koraput district.
The recovery was made during an intensive search operation conducted by the District Voluntary Force (DVF), Koraput, on the basis of specific intelligence inputs received from surrendered Maoist cadres. The operation was launched in the forested areas bordering Chhattisgarh’s Bastar district, a region considered vulnerable to Maoist activities.
During the combing operation, security personnel unearthed the hidden dump at around 5.30 am on Monday.
The seized materials include one INSAS rifle, one country-made firearm, six Claymore mines weighing approximately 18 kg, multiple tiffin bomb-based Improvised Explosive Devices (IEDs) weighing around 14 kg, a Maoist kit bag, Maoist literature, medicines and food items.
According to police, the recovered cache is suspected to belong to cadres of the banned Andhra-Odisha Border Special Zonal Committee (AOBSZC). The arms and explosives were allegedly stockpiled for use in attacks against security forces and civilians.
Officials described the seizure as a major success that has dealt a significant blow to Maoist activities in the region and may have averted potential threats.
The operation assumes significance as Koraput district continues its efforts to achieve the goal of becoming completely Naxal-free by March 31, 2026. Security forces, including the Special Operations Group (SOG), District Voluntary Force (DVF) and Border Security Force (BSF), have intensified anti-Maoist operations and are carrying out regular combing and area domination exercises to prevent any resurgence of extremist activities.
