Category Archives: Business

172nd SLBC Meeting and 173rd Special SLBC meeting held in Vidhana Soudha, Bengaluru.

Bengaluru 15th November,  2025:- The 172^nd SLBC meeting at 2.30 PM and 173^rd Special State Level Bankers’ Committee (SLBC) meeting at 5 PM, of Karnataka was successfully conducted on 14^th November 2025. The meeting was chaired by Dr. Shalini Rajneesh, Chief Secretary, Government of Karnataka.

The event witnessed the presence of several distinguished dignitaries, including:

• Smt. Uma Mahadevan, Additional Chief Secretary & Development Commissioner, Government of Karnataka
• Sri Bhavendra Kumar, Executive Director, Canara Bank
• Dr. Vishal R, Secretary to Government (FR), Finance Department, GoK
• Sri. Sameer Shukla, Secretary, Rural Development and Panchayat Raj Department, GoK
• Smt. Kaya Tripathi, Regional Director, RBI
• Sri. P C Dash, General Manager, NABARD
• Sri. Shambhu Lal, Chief General Manager, Canara Bank and SLBC Karnataka.
• Sri Bhaskara Chakravarthy M, General Manager, Canara Bank and Convenor, SLBC Karnataka
• State Controlling Heads of various banks and senior officials from line departments.

Sri. Bhavendra Kumar, Executive Director, Canara Bank informed that as on 30.09.2025 under agriculture sector achieved Rs. 1,16,105 crores against target of Rs. 2,22,203 crores and achieved 52% of allotted target in Second quarter. Under MSME Banks achieved 69% and total Priority Sector it is 56% and exhorted the Banks to continue the good performance.

The Chief Secretary, Government of Karnataka reviewed the State’s performance under Total Credit, Total Deposits, Priority Sector Target achievements, under various sub sector bank wise and district wise. The Chief Secretary also advised the bankers and Government departments to work in unison for smooth and seamless integration of developmental activities for implementation.

The Chief Secretary, Government of Karnataka instructed e-Governance, Women & Child Welfare department to provide list of deceased Gruhalaxmi beneficiaries list to respective Banks for operational issues.

The Additional Chief Secretary & Development Commissioner, GoK has reviewed all the Developmental schemes and advised the Banks to clear all the pending applications. She also appealed to all the Bankers to onboard the NRLM SHG BC Sakhi’s as BC agents in all the Gram Panchayat locations.

Dr. Vishal R, Secretary to Government (FR), Finance Department, GoK stressed the importance of coverage of all eligible population under the ambit of Jansuraksha schemes and advised Agriculture department to monitor the 100% KCC saturation in Vijayanagara District.

Smt. Kaya Tripathi, Regional Director, Reserve Bank of India instructed banks that DFS, GoI has launched DEAF campaign from 01.10.2025 to 31.12.2025 to settle unclaimed deposits of Govt. accounts, institutional accounts & Retail accounts. All Banks have to create awareness among public regarding unclaimed deposits and adopt strategies to boost the pace of claim settlement during the campaign.

P C Dash, General Manager, NABARD informed the house that Banks have to focus on achievement of targets under Agriculture sub sectors. Also informed that Development of 100 coastal Fishermen Villages as Climate Resilient Coastal Fishermen Villages (CRCFV) under Pradhan Mantri Matsya Sampada in across the Country. In Karnataka, five coastal villages have been selected for development under CRCFV. NABARD, in coordination with the Department of Fisheries and CMFRI, is facilitating various livelihood and infrastructure initiatives in these villages.

CK Kumaravel Family’s Next Gen Launches NXTFACE, India’s First AI-Driven Gen Z Skincare Brand

Chennai, November 14, 2025: India’s Gen Z population is reshaping how beauty, identity, and technology intersect. Yet, while this generation contributes nearly 40 per cent of online beauty and personal-care purchases, there remains a significant gap in skincare designed around their biology, behaviour, and lifestyle. NXTFACE, India’s first AI-driven Gen Z skincare brand, officially launched today to empower the ‘second-face’ transition from adolescence to young adulthood. This defining stage in every young person’s life marks not just a physical change, but also a transformation in confidence, identity and self-expression.

Founded by Ms Dhamyanthi Kumaravel, a young second-generation entrepreneur from the family behind Naturals, India’s leading salon chain, NXTFACE marks the next chapter in India’s beauty revolution, driven by innovation and intelligence. Having personally experienced the post-teenage shift in her own skin, Dhamyanthi spent nearly two years travelling across countries, meeting scientists, and studying how hormones, stress, and environment affect young skin.

On returning to India, she partnered with Connell R&D, a global leader with proven experience in developing state-of-the-art formulations backed by years of research and testing. This collaboration allows NXTFACE to create skincare that is suitable for Gen Z skin and smarter in performance, which is tailored specifically for Indian skin tones and climate.

Commenting on this launch, Ms Dhamyanthi Kumaravel, Founder-CEO of NXTFACE said, “When I came back, I told my parents that the future of beauty won’t come from experience alone. It has to come from intelligence and an understanding of Gen Z. Our generation doesn’t need what our parents used; we need something that understands our transforming skin. NXTFACE does exactly that. It talks about change, not just glow or radiance. Your skin goes through another transformation as you step into young adulthood, and that’s your second face. NXTFACE was created to help our generation understand that phase, not fear it.”

NXTFACE also introduces India’s first real-time, camera-activated AI skincare interface, where users can simply look into their screen to receive instant, unbiased skin insights along with lifestyle recommendations. Built on AI, ML, and LLM technology, this proprietary system analyses visual data instead of prompts or uploads, creating a seamless and human-like experience of understanding the skin.

Commenting on technology adoption, she added, “Our AI doesn’t rate beauty, it explains biology. It helps users see their skin clearly, not filtered, not judged, but understood. I’m excited about what AI can do. It’s like a supreme human brain that can analyse millions of data points in minutes to deliver unbiased and authentic information. This is incredibly important for consumers today, and that’s why I decided to make AI the heart of our innovation. By leveraging AI across our R&D and digital platforms, we stay laser-focused on understanding Gen Z’s evolving needs across a country as diverse as India, where every region brings its own skin tones, lifestyles, and climates.”

Adding to this, she also said, “NXTFACE harnesses advanced small molecule technology to enable deeper penetration and faster absorption, ensuring every ingredient performs at its highest potential. Our formulations are proactive, adaptive, and transformative — designed not just to treat today’s skin, but to prepare it for tomorrow. Select products feature Exosomes, celebrated for their exceptional cell-repair and rejuvenation properties, bringing cutting-edge biotechnology into the masstige skincare space. By merging innovation with accessibility, NXTFACE delivers next-generation skincare that evolves with your lifestyle — intelligent, results-driven, and made for skin that never settles. And with today’s launch, we’re not just introducing a brand—we’re unveiling a vision. We aim to scale NXTFACE to ₹500 crore in revenue by 2030, driven by innovation, intelligence and a deep understanding of Gen Z.”

The launch range includes serums, sunscreens (gels, sprays, and sticks), lip balms, day creams, sleeping masks, and face washes, priced at an accessible average of ₹550, with all products being vegan, cruelty-free, and toxin-free.

Commenting on her association, Ms Kayadu Lohar, Actor and Brand Ambassador, NXTFACE said, “I connected with NXTFACE instantly because it speaks to what we all experience – change. It’s not about hiding it or fighting it, but embracing it with confidence. That’s what makes it more than just skincare. It’s self-understanding.”

NXTFACE also sets a new benchmark in distribution strategy, combining retail, technology, and experience in one ecosystem. The brand will be available across modern trade, general trade, and pharmacy stores, leading e-commerce platforms, and its AI-powered official website. Additionally, it will debut through over 800 Naturals Salons, offering direct consumer trials, making NXTFACE one of India’s first skincare brands to exist simultaneously across store, salon, and screen.

MRF Reports Strong Q2 Performance with 7% Growth in Total Income

November 14, 2025 | Chennai: MRF Ltd. today announced its financial results for the quarter ended 30th September 2025, delivering steady growth in revenue and profitability supported by favorable raw material prices and robust operational performance.

Financial Performance

MRF’s consolidated total income increased by 7% to Rs 7,487 Crores for the quarter ended 30th September 2025, compared to Rs 6,994 Crores in the corresponding quarter of the previous year. The consolidated profit before tax stood at Rs 699 Crores, up from Rs 631 Crores recorded in the same quarter last year.

The provision for tax for the quarter amounted to Rs 173 Crores. After accounting for taxes, the consolidated net profit for the quarter stood at Rs 526 Crores, compared to Rs 471 Crores in the corresponding quarter ended 30th September 2024.

Overall, the financial performance for the quarter showed improvement, with profit growth primarily driven by the softening of raw material prices.

Operational Highlights

Traditionally, the second quarter experiences lower sales due to monsoon-related impacts. Despite this, OEM (Original Equipment) sales continued to register strong double-digit growth, and exports performed well even amidst tariff-related challenges.

Towards the latter part of the quarter, the Government’s announcement on GST rate reduction led to a temporary slowdown in replacement sales. However, the revised GST structure is expected to positively influence market demand in the upcoming quarters.

Dividend Declaration

The Board of Directors has declared an Interim Dividend of Rs 3/- per share (30%) on equity shares of Rs 10 each, for the financial year ending 31st March 2026.

Parle 20-20 Cookies Partners with ChildSafe Foundation to Make Children’s Day Sweeter

Mumbai 14th November, 2025:- Parle Products, India’s leading manufacturer of biscuits and confectionery, celebrated Children’s Day with a heartwarming initiative under its popular Parle 20-20 Cookies brand. As part of the brand’s latest campaign “Cookies Bole Toh… Parle 20-20,” Parle collaborated with ChildSafe Foundation to bring moments of joy and celebration with children through interactive sessions, games, and parle products hampers.

The initiative was conceived to spread joy and foster a sense of belonging among children, reflecting Parle’s enduring belief in the power of simple gestures to create lasting happiness. The activity reflected Parle’s belief that childhood is best celebrated with warmth, laughter, and shared moments much like the joy of enjoying a cookie together.

Speaking about the collaboration, Mayank Shah, Vice President, Parle Products, said, “We have always believed that our role goes beyond creating products, it’s about creating joy and memories. This Children’s Day, our collaboration with ChildSafe Foundation allowed us to give back to the community in a way that truly embodies the spirit of Parle 20-20. Through simple yet meaningful interactions, we wanted to make every child feel valued, seen, and celebrated.”

Through this initiative, Parle Products reaffirmed its belief that true brand purpose lies in bringing joy to children’s lives. Renowned for its crispy, buttery taste and melt-in-the-mouth delight, Parle 20-20 celebrates everyday happiness, a sentiment echoed in its partnership with ChildSafe Foundation. The effort reflects Parle’s ongoing commitment to nurturing joyful communities and spreading goodness that goes well beyond the pack.

Qatar Airways Partners with Indian Chef Garima Arora to Launch Exclusive Business Class Menu

 India 14th November ,2025 :- Qatar Airways announces the launch of an exclusive Business Class menu in collaboration with celebrated chef and restaurateur, Garima Arora (Chef Garima). Officially launched on 15 November 2025, the Business Class menu features an all-vegetarian, Ayurvedic-inspired offering, available on routes from Doha to India. The special menu will be refreshed every three months with new dishes curated by Chef Garima to offer the best variety to Business Class passengers. In the next phase, Chef Garima’s menu will also be extended to routes from Doha to the United States.

Chef Garima, a trailblazer in modern Indian cuisine, became the first Indian woman to earn a Michelin star in 2018 for her Bangkok-based restaurant, Gaa. In 2023, Gaa was awarded a second Michelin star, making it one of the few Indian restaurants globally to achieve this distinction. With this, Chef Garima also became the first female Indian chef to lead a two-Michelin star kitchen.

This menu collaboration is testimony to Qatar Airways’ commitment to elevating the Business Class dining experience. The new menu draws inspiration from Chef Garima’s culinary philosophy of creating one-of-a-kind dining experience that showcases modern Indian cooking techniques – a bold reinterpretations of Indian flavours with fresh local ingredients.

Xia Cai, Senior Vice President of Product Development & Design at Qatar Airways, commented: “At Qatar Airways, we continue to set new benchmarks in luxury travel by curating experiences that are as refined as they are memorable. Our collaboration with Chef Garima Arora—celebrated for her modern take on Indian cuisine—reflects our commitment to innovation and culinary excellence at altitude.”

“Dining onboard should evoke the same sense of indulgence as a fine-dining experience on the ground. This bespoke menu, crafted especially for our Indian passengers, honours regional authenticity while embracing global sophistication. It is yet another step in our ongoing mission to delight our customers with world-class quality in every detail.”

Chef Garima Arora said, “For me, this partnership is about reimagining how Indian food can be experienced at 30,000 feet. The menu celebrates the richness of our culinary traditions, while presenting them with the elegance and comfort that define premium travel.”

This culinary partnership between Chef Garima Arora and Qatar Airways debuts with a refined Business Class menu:

Appetiser

• Chaat

Berry sorbet, dal dumplings, pomegranate drizzle and sweet yoghurt

Main Course

• My Grandmother’s Millet Khichdi

A traditional Ayurvedic Sattvik serving designed for easy digestion during travels

Served with homemade pickles, condiments and warm shorba

Dessert

• Masala Chai Mousse

Delicately infused aromatic tea, dipped Parle-G, raspberries stuffed with candied ginge

Wholesale Price Inflation declines to (-)1.21% in October 2025 (Y-o-Y), driven largely by a sharp fall in primary articles: PHDCCI

India 14th November 2025:-Wholesale Price Inflation (Provisional estimates) entered into negative territory in October 2025 to (-)1.21% from 2.75% in October 2024 on year on year basis primarily due to decrease in prices of food articles, crude petroleum & natural gas, electricity, mineral oils and manufacture of basic metals, among others, said Mr. Rajeev Juneja, President, PHDCCI, in a press statement issued here today.

The Primary Articles group (weight: 22.62%) witnessed a sharp contraction of (-) 6.18% in October 2025, compared with 8.26% in October 2024. Within this, food articles (15.25%) experienced a significant decline, with inflation falling from 13.49% in October 2024 to (-)8.31% in October 2025. This downturn has been driven by a marked reduction in prices of food grains, fruits and vegetables on a year-on-year basis, said Mr. Juneja.

In the Fuel & Power category (weight: 13.15%), easing prices of crude petroleum & natural gas and electricity contributed to a moderation in inflation, improving from (-)4.31% in October 2024 to (-)2.55% in October 2025.

Manufactured products (64.23%) registered a marginal increase in prices by 1.54% from October 2024 to October 2025. The major contributors to this inflation were manufactured food products, textiles, Chemicals and Chemical Products and Basic Metals, which constitute 30% of the manufacturing products index, added Mr. Juneja.

We expect WPI inflation to remain range-bound due to benign international crude oil prices, comfortable buffer stocks of food-grains and healthy kharif harvest, said Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI.

Jaypee Hotels Launches Boomerüng Complex, Redefines Experiential Living

Noida, 14^th November, 2025: Jaypee Hotels Ltd. unveils The Boomerüng Complex, a lifestyle destination that reimagines the very essence of urban living. Spanning 1,75,000 sq. ft. within the prestigious Jaypee Greens Wish Town, Noida, The Boomerüng Complex is conceived as India’s first integrated ecosystem that harmoniously brings together business, wellness, gaming, and dining under one roof.

The Boomerüng Complex is a curated ecosystem designed for innovators, and changemakers. Every element within its walls is thoughtfully envisioned to inspire, facilitate meaningful connections, and elevate the way people work, unwind, and live. Set within Noida’s rapidly evolving business and lifestyle corridor, the complex exemplifies next-generation luxury where architectural precision meets biophilic design, and where intelligently planned spaces nurture productivity, wellness, and creativity in equal measure.

Capturing the spirit of a generation that refuses to choose between ambition and balance, The Boomerüng Complex allows guests to transition effortlessly from high-stakes meetings to immersive gaming sessions, rejuvenating wellness therapies, or refined dining experiences, all within one thoughtfully designed destination.

On the launch, Managing Director, Jaypee Hotels Ltd, said “The Boomerüng Complex reflects our belief that hospitality must be immersive, intuitive, and deeply human. We’ve envisioned a space where business, wellness, and leisure not only coexist but complement one another. It is for those who seek purpose in every experience and sophistication in every detail.”

A confluence of signature experiences

• Culinary Experiences:

• Boomerüng Café – all-day retreat for global and Indian flavours.
• Aura 360 Bar – a contemporary bar that redefines the art of mixology.
• Amma’s Rasoi – a soulful tribute to traditional vegetarian Indian cuisine, celebrating timeless recipes and nostalgia – Sadiyon se Maa ke व्यंजन |
• Tee n Tea Lounge – an elegant, tranquil space for conversations and reflection.

• Otium – Banquet Hall: A 2,300 sq. ft. venue that combines sophistication with flexibility, ideal for exclusive gatherings and corporate celebrations.
• Galaxy – Arbitration Rooms: Ultra-modern, confidential meeting suites designed for strategic negotiations and high-level business discussions, equipped with state-of-the-art technology and refined interiors.
• Olympus – Soul Wellness Springboard: A pioneering wellness and recovery destination offering CHEL Therapy, Eccentron Unit, and Aqua Therapy, a blend of science, rehabilitation, and holistic rejuvenation that takes wellness beyond convention.
• Vortex – Gaming Sanctuary: India’s first premium e-sports and immersive gaming arena, featuring 72+ high-end gaming PCs, PS5 console zones, VR experiences, and a professional 5v5 e-sports stage. Its where competitive spirit meets cutting-edge technology.

With additional floors under development, The Boomerüng Complex is built with scalability at its core, continuously evolving to introduce new experiences and reinforce its position as India’s most comprehensive lifestyle and business destination.

The launch marks a pivotal chapter in Jaypee Hotels Ltd.’s journey, signifying its evolution from luxury hospitality to lifestyle innovation. It embodies the brand’s enduring ethos of excellence while aligning with the aspirations of a new generation that seeks spaces where purpose and pleasure intertwine seamlessly.

VST FIELDTRAC Strengthens its European Presence at AGRITECHNICA 2025

14th November 2025 — Building on the strong and growing acceptance of its VST FIELDTRAC brand across Europe, VST Tillers Tractors Ltd. showcased an expanded, feature-rich range of products at AGRITECHNICA 2025. The company’s participation reaffirmed its commitment to innovation, versatility, and customer-focused engineering excellence.

At AGRITECHNICA 2025, VST showcased its latest attachment-ready models, featuring provisions for front TPL, front PTO, and under-belly mower compatibility — enhancing versatility across agricultural, municipal, and landscaping applications. Equipped with Stage V–compliant engines and refined ergonomics, these upgrades underscore the brand’s commitment to delivering European standards of performance, comfort, and environmental responsibility.

The displayed models include:

929 FIELDTRAC Black Special Edition (24.5 HP) with Mid ROPS
929 FIELDTRAC (24.5 HP) with Cabin + Standard Bucket Front Loader
932 FIELDTRAC with Cabin + Grabber Bucket Front Loader
929 FIELDTRAC HST (Hydrostatic Transmission)
939 FIELDTRAC (35 HP)

With the model specific features and an attachment-ready architecture — including provisions for front TPL, front PTO, and under-belly mower compatibility — broadening their functional range across multiple European applications without the introduction of new implements at the show.

Feature Usability and Advantages

Hydrostatic Transmission (HST): Offers seamless speed variation, superior manoeuvrability and effortless control, reducing operator fatigue and improving precision during loader operations, mulching, and mowing.

Cabin Comfort: The factory-fitted cabin provides enhanced operator protection against dust, cold and noise — ensuring longer, more comfortable working hours in varying weather conditions typical of European climates. It also improves visibility and ergonomics for municipal and vineyard operations.

Front Loader Options: The front loader and grabber-bucket combinations allow quick handling of materials such as soil, gravel, compost or waste, supporting municipal maintenance, landscaping and estate management.

Mid ROPS Design: The Mid-mounted ROPS offers safety and a low overall height, making it ideal for orchard, vineyard and greenhouse work where canopy clearance is limited.

Attachment-Ready Design (front PTO, front TPL, under-belly compatibility): Enables rapid conversion for snowblade or snow-blower use in winter, rotary broom or brush for street cleaning, and flail or mid-mount mowers for park and verge maintenance — features widely valued by municipalities, vineyards, golf courses, and small-holding contractors.

The product features are well-suited for the need of compact, versatile tractors in Southern and Central Europe, particularly for municipal contracting and horticultural sectors. The positive feedback from the visitors, distributors and channel partners reinforces VST’s strategy for a stronger European presence.

“Our participation at AGRITECHNICA 2025 reinforces VST’s commitment to delivering compact, reliable and sustainable mechanisation solutions for the global market. The encouraging response from our European distributors validates our design direction and future roadmap,” said Antony Cherukara, CEO, VST Tillers Tractors Ltd.

Timeless Elegance: Thoughtful Wedding Gifts That Blend Tradition with Everyday Charm

Wedding gifting is a meaningful tradition that symbolizes blessings, prosperity, and unity, honoring the joining of two families. Artisanal cotton quilts offer cozy comfort, elegant ceramic teapots enhance daily rituals, brass lamps and intricate wall art infuse warmth and culture, while stainless-steel clocks and marble platters add timeless sophistication. These gifts combine handworked crafts and practicality to enrich a newlywed couple’s home with cultural richness and lasting beauty.

Teal Mehulika Cotton Quilt Hand Block Printed Double

The Teal Mehulika Cotton Quilt is a beautiful combination of artistry and comfort. Hand block printed with ethnic motifs, this quilt is crafted from 100% cotton fabric and filled with soft cotton for a cozy, lightweight feel. The elegant teal hue and intricate prints bring a touch of artisanal charm to your space, blending traditional design with everyday functionality. Perfect as a wedding gift, it carries the warmth of handmade crafts and the sophistication of timeless style, a piece that adds both comfort and cultural beauty to any home.

Chitra Teapot Gift Se

The Chitra Teapot Gift Set is a charming three-piece ceramic set featuring a teapot, milk pot, and sugar pot. Designed for both elegance and function, it makes a refined choice for tea lovers and wedding gifting. With its timeless design and smooth glaze, it adds warmth and style to any home. Gentle cleaning with warm water and mild soap is recommended. Not microwave safe.

Brass Utkrisht Metal Floor Lamp

The Brass Utkrisht Metal Floor Lamp is a striking piece that adds warmth and charm to any living space. Made from metal with a rich brass finish, it casts a soft glow that enhances the mood and style of the room. Easy to maintain with a simple dry wipe, this lamp blends artistic beauty with everyday function—making it a thoughtful wedding gift and a timeless addition to any home.

Akshaya Vata Brass Wall Art

The Akshaya Vata Brass Wall Art is a beautifully crafted decorative piece from the Akshayavata collection. Made from fine brass, it showcases intricate detailing that brings tradition and artistry to your living space. A perfect blend of culture and design, this wall art adds warmth and character to home décor. Ideal as a wedding gift, it symbolizes prosperity, heritage, and timeless charm

Multi Stainless Steel Plated Yug Table Clock

The Multi Stainless Steel Plated Yug Table Clock is a refined blend of style and function. Crafted from stainless steel with a sleek plated finish, it brings modern charm and timeless design to any home or office space. Its round form adds a touch of sophistication, making it both decorative and practical. Easy to maintain with a gentle wipe, this clock is a thoughtful wedding gift that reflects good taste and lasting value.

Rasoi Marble 2 Tier platter

Rasoi Marble 2 Tier Platter is a beautifully crafted serving piece made from stone. This two-tiered platter features a unique floral shape pattern on the marble plates, supported by a brass stand that adds height and elegance. This elegant platter enhances table aesthetics with its blend of natural stone and brass, making it a refined and practical gift choice for weddings, ideal for couples who appreciate artisanal homeware with a touch of luxury.

Absorption in the Warehousing & Logistics Sector Rebounds 64% in Q3 2025 After a Subdued Previous Quarter – Vestian

New Delhi, 13th November 2025: Warehousing and logistics sector witnessed an absorption of 9.2 Mn sq ft in Q3 2025, rebounding by 64% compared to the subdued previous quarter. Despite this robust growth, the absorption was 36% less when compared to the record level of absorption reported in the same quarter a year earlier.

Mumbai contributed the highest to pan-India absorption in Q3 2025, around 47%. In value terms, the city led pan-India absorption with 4.29 Mn sq ft, registering a sharp quarter-on-quarter rise of 377% and 10% increase compared to Q3 2024, indicating a revival after a muted previous quarter. The increase in absorption can be attributed to renewed occupier demand in key micro-markets such as Bhiwandi and Panvel, which accounted for nearly 96% of the total absorption in the city.

NCR followed as the second-largest contributor with 1.28 Mn sq ft of absorption, registering an 83% increase over the previous quarter, though it decreased by 40% compared to the same quarter a year earlier.

Chennai also witnessed sustained leasing activity with 1.13 Mn sq ft of absorption in Q3 2025, the highest in the past seven quarters. Absorption increased by 151% over the previous quarter and 38% compared to the same period a year earlier. The city emerged as one of the best-performing markets among the southern cities.

Leasing activity in Kolkata swelled by 950% over the previous quarter and by 186% compared to Q3 2024, resulting in 1.26 Mn sq ft of absorption in Q3 2025. This is the highest ever absorption recorded in the city.

In contrast to its peer cities, absorption in Pune gradually declined over the consecutive four quarters, reaching 0.64 Mn sq ft in Q3 2025. In addition, the city’s absorption declined by 31% over the previous quarter and 87% compared to the same quarter a year earlier. The city, which had previously maintained strong leasing momentum, saw a sharp correction this quarter. Similarly, Bengaluru’s absorption also dropped significantly to 0.13 Mn sq ft, recording a steep 94% (quarterly) and 90% (yearly) decline. This was the lowest absorption among the top seven cities.Hyderabad recorded 0.47 Mn sq ft of absorption in Q3 2025, reflecting a 7% increase over the previous quarter but a 14% decline compared to the same quarter of the previous year. Overall, the city’s absorption remained largely stable during the year.

City-wise Absorption

Source: Vestian Research

Shrinivas Rao, FRICS, CEO, Vestian said, “After a subdued previous quarter, the warehousing and logistics sector has shown clear signs of revival in Q3 2025, with Mumbai, Kolkata, and NCR leading absorption. The resurgence in occupier demand across key micro-markets, coupled with renewed momentum in the E-commerce and 3PL segments, underscores the sector’s growing depth and diversification. As occupiers focus on network optimization and grade-A assets, India’s warehousing and logistics landscape is reshaping for a stronger performance in the upcoming quarters.”