ET NEWS

New Delhi: US technology giant Google has leased 617,000 sq ft at Atrium Place Gurugram, a joint venture between DLF and Hines, in one of the biggest office space transactions of the year, two people familiar with the development said.The people did not disclose the duration of the lease or the financial details of the transaction.The deal follows a 550,000 sq ft lease by Google from managed workspace provider Table Space at a commercial complex in Gurugram. "Google has a big commitment to India, and to support that, it is expanding its office presence as well," one of the persons cited above said. "There is a long checklist before Google finalises a property, and only a few developers are able to clear that checklist." DLF and Google did not respond to email queries till press time Friday.Google had, in 2022, ended a lease for 700,000 sq ft in an office complex in Gurugram. The original agreement was signed in June 2020.According to Cushman & Wakefield, Delhi NCR witnessed a gross leasing volume of 5.1 million sq ft in the third quarter of 2025, rising by 10% quarter-on-quarter and 56% year-on-year.

IndusInd Bank's former deputy chief has deposited 50% of the alleged insider trading gains with India's markets regulator, BSE said on Friday.Restrictions on former deputy Arun Khurana's bank accounts have been lifted, a notice from the stock exchange said.The private bank faced a crisis earlier this year following revelations of governance and accounting irregularities, which ultimately led to the departures of its former CEO Sumant Kathpalia and deputy Khurana.Six bank officials, including Khurana, were under investigation by the Securities and Exchange Board of India for insider trading. These officials were barred from the securities markets in the interim and ordered to deposit so-called illegal gains of 197.8 million rupees, with the bulk of the amount attributed to Kathpalia and Khurana.The Securities Appellate Tribunal in a September 25 order had granted partial relief to Khurana and asked him to deposit half of the alleged gains in favour of SEBI.($1 = 87.8950 Indian rupees)

A host of regulations, including the Carbon Tax, introduced by the European Union are expected to impact its businesses, Commerce and Industry Minister Piyush Goyal said on Friday. The EU has announced regulations such as Carbon Border Adjustment Mechanism (CBAM) and EU Deforestation Regulation (EUDR) which have been strongly objected by India. "Because of all these regulations, I suspect that Europe is going to have an existential problem for their businesses. Their infrastructure is going to get costlier. Automobiles and planes are going to get costlier. "Their cost of living will be difficult to manage and they will be living in a cocoon, while other trading partners will be trading around the world with each other," he said at the Berlin Global Dialogue. The minister is in Berlin to participate in the dialogue, a meeting of leaders and German businesses to discuss ways to boost bilateral trade and investments. The minister said that there are 73 EU regulations. It is nearly impossible to fulfil the paperwork requirements to comply with these regulations, he said. "They (EU) are seeking to hyphenate too many issues. Trade is about trade, why are we hyphenating too many issues with tarde, we are actually messing up the free trade," he added. India is negotiating a free trade agreement with the EU. Under CBAM, Indian exports of steel, aluminum, and cement to the EU could face tariffs of 20-35 per cent.India's exports of products like coffee, leather hides and paperboard worth USD 1.3 billion annually to the European Union will get impacted due to the deforestation regulation adopted by the EU, a report by think tank GTRI has said.

India’s foreign exchange reserves rose by USD 4.496 billion to USD 702.28 billion for the week ending 17 October, mainly driven by an increase in the value of gold reserves, the Reserve Bank of India (RBI) said on Friday.In the previous week, the overall reserves had increased by USD 2.176 billion to USD 697.784 billion.For the week ending 17 October, foreign currency assets (FCA), the largest part of the reserves, fell by USD 1.692 billion to USD 570.411 billion. These assets are affected by changes in the value of currencies such as the euro, pound, and yen.Meanwhile, the value of gold reserves rose sharply by USD 6.181 billion to USD 108.546 billion during the week. Special Drawing Rights (SDRs) also saw a slight increase of USD 38 million, reaching USD 18.722 billion.India’s reserve position with the International Monetary Fund (IMF) fell by USD 30 million to USD 4.602 billion in the reporting week, according to RBI data.The growth in gold reserves helped offset the dip in foreign currency assets, keeping India’s overall reserves at a strong level of over USD 700 billion.