Category: Business

SberIndia creates Russian Business Centre in Delhi

An office centre is being built in Delhi that will become a hub for Russian business in India

The opening of the Russian Business Centre in Delhi was announced by Anatoly Popov, Deputy Chairman of the Executive Board of Sberbank, at the St. Petersburg International Economic Forum. Sber has been operating in India for over 15 years; the bank already has offices in New Delhi and Mumbai, as well as its own IT hub in Bangalore. SberIndia operates as a full-fledged local bank, providing a comprehensive range of services for corporate clients and developing infrastructure for cooperation between Russian and Indian companies.

Anatoly Popov, Deputy Chairman of the Executive Board of Sberbank:

“The development of relations between Russia and India, particularly in industrial cooperation, financial interaction, logistics, and technological partnership, is increasing the need for Russian companies to have a physical presence in India. The Russian Business Centre is not just an office building, but a key location for the Russian business community in India. Its residents will include both companies already operating in India and those just preparing to enter this market.”

The National Capital Territory of Delhi remains one of the key commercial real estate markets in India. The Centre is being built in one of Delhi’s most convenient business clusters in terms of infrastructure and logistics. Against the backdrop of an acute shortage of modern Class A office complexes in central Delhi, interest from tenants is very high.

In the first quarter of 2026, the total volume of office space lease transactions in India’s eight largest cities reached a record 2.8 million sq. m, of which 400,000 sq. m were in the National Capital Territory of Delhi — a 95% increase compared to the first quarter of 2025, according to a report by consultants. Investment interest today is focused on residential complexes, office space, warehouses, logistics centres, and data centres.

The project will become a flagship platform showcasing advanced technologies, digital services, and innovative solutions from the Sber ecosystem. Sber will offer residents of the new business centre a range of financial instruments for operating in India and business support services, including legal, tax, and audit support, as well as credit products.

The St. Petersburg International Economic Forum (SPIEF) is a unique event in the world of economics and business. SPIEF has been held since 1997, and since 2006 has been held under the patronage and with the participation of the President of Russia. Over the years, the Forum has become a leading global platform for business representatives to communicate and discuss key economic issues facing Russia, emerging markets, and the world as a whole. The XXIX St. Petersburg International Economic Forum is taking place from June 3 to 6, 2026. In its 185th anniversary year, Sber is the GigaPartner of SPIEF.

Square Yards Becomes First Indian PropTech Company to Launch a Native ChatGPT App for Property Search

Gurugram, June 06: Square Yards, India’s largest integrated real estate and PropTech platform, today announced the launch of its native app on ChatGPT,  making it the first Indian company to launch an app on OpenAI’s ChatGPT platform. The app is now live and accessible to ChatGPT users across India and globally at chatgpt.com/apps/square–yards.

This milestone places Square Yards at the forefront of a global shift where leading consumer platforms are extending their reach into conversational AI interfaces, redefining how people search, discover, and transact. Square Yards is the first Indian enterprise to make this move, and the first real estate platform from India to go live on ChatGPT.

A New Way to Search for Homes in India      

With hundreds of millions of consumers increasingly turning to conversational AI for everyday decisions, Square Yards is meeting home buyers precisely where they are. The app brings property discovery into the flow of natural conversation, making the most significant financial decision in a person’s life as effortless as sending a message.

Using the Square Yards app within ChatGPT, users can simply describe what they are looking for, for instance, “show me new projects in Pune under 2 crore” or “Show me more information about the project Purva Estrella in Mumbai”, and receive relevant, curated property options directly within the chat interface. Once users identify properties of interest, they are seamlessly redirected to squareyards.com to explore listings in detail and connect with advisors.

The experience is built for the way people think about home buying today: exploratory, conversational, and intent-driven.

A Historic First for Indian PropTech

India’s residential real estate market is one of the most dynamic in the world. According to Square Yards‘ own research, registered residential transactions across eight major cities, including Mumbai, Bengaluru, Hyderabad, Pune, Noida and Greater Noida, reached 5.44 lakh units in FY2025, reflecting a 77% increase from 3.07 lakh units in FY2019. This V-shaped recovery, driven by renewed homeownership sentiment and rising urban aspirations, signals a market in full stride.

Yet the process of property discovery has long remained complex and fragmented for millions of buyers. Square Yards‘ ChatGPT app directly addresses this, making the starting point of a home buyer’s journey as simple and intuitive as a chat conversation.

“At Square Yards, we have always believed that the future of real estate is powered by technology, data, and intelligence and today, we take that belief a step further by bringing property discovery into the world’s most popular AI interface. Our ChatGPT app brings Square Yards‘ full inventory intelligence and data depth directly into the conversation, making it easier than ever for millions of home buyers to begin their property journey in the most natural way possible: through conversation. As AI becomes more central to how decisions are made, we want Square Yards to be the most accessible, most trusted starting point for any home buyer in India and this is a defining milestone not just for us, but for Indian PropTech as a whole.”   — Tanuj Shori, Founder & CEO, Square Yards

Built on a Foundation of AI and Scale

The ChatGPT app launch is a natural evolution of Square Yards‘ long-standing investment in artificial intelligence and full-stack technology. The company‘s platform spans property discovery, mortgage advisory, home loans, interior design, and property management, all anchored by proprietary AI tools, including Super Agent Pro, its in-house conversational AI platform that has transformed how its advisor network engages with customers at scale.

The launch reflects a broader, global inflexion point, as forward-thinking companies recognise that conversational AI is no longer a supplementary channel but an increasingly central one through which consumers discover, evaluate, and make decisions. This comes at a time when Square Yards is commercially stronger than ever, reporting FY26 revenue of ₹2,086 crore, up 48% year-on-year, with an EBITDA of ₹176 crore, marking its third consecutive year of profitable growth.

Monitoring Reveals Elevated Antidepressant Levels in Some Waterways

Depression, anxiety and sleep disorders are among the conditions often treated with antidepressant drugs. Yet, up to 90% of these drugs pass through the body into wastewater. They’re also difficult to remove during water treatment, presenting a possible risk of environmental contamination and threats to ecological and human health. Now, researchers reporting inACS’ Environmental Science & Technology found some antidepressant drugs at levels that could be harmful to aquatic wildlife in North Carolina waterways.

“Effective remediation strategies for these pharmaceuticals are urgently needed to eliminate them from wastewater and mitigate this escalating challenge.” – Erin Baker

“Findings from this study, along with others, reveal that pharmaceuticals are increasingly detected in waterways across the globe, especially near wastewater treatment plant discharge sites, posing a mounting environmental concern,” says Erin Baker, the corresponding author of the study.

To determine the scale of the problem, Emily Vincent from Baker’s research group at the University of North Carolina at Chapel Hill and colleagues determined the levels of antidepressant drugs in four rivers near outflows from wastewater treatment plants and an isolated lake in North Carolina. They assessed samples collected in December 2024 for 34 compounds in major antidepressant medication categories, including selective serotonin reuptake inhibitors (SSRIs), selective norepinephrine reuptake inhibitors (SNRIs) and norepinephrine-dopamine reuptake inhibitors (NDRIs).

Water sampled downstream of the treatment facilities contained 17 drugs or metabolites (substances created as the body breaks down the drugs), whereas samples taken upstream or in the lake were drug-free, except for one site. Furthermore, the concentrations of some contaminants well exceeded levels known to cause behavioral abnormalities and other toxicities in aquatic wildlife (e.g., minnows and small crustaceans). The researchers noted that previous animal studies only examined short-term exposure to single drugs, so further studies of chronic and combined exposures are needed to understand the ecological risks.

The team says that these results also have potential implications for human health because many of the waterways that were tested provide drinking water and are used for agriculture and recreation.

“Future research should prioritize broadening sampling efforts across global waterways to fully capture the scope of the issue,” Baker adds. “In addition, studies on effective remediation strategies for these pharmaceuticals are urgently needed to eliminate them from wastewater and mitigate this escalating challenge.”

The authors acknowledge funding from the National Institutes of Health National Institute of Environmental Health Sciences, National Institutes of Health National Institute of General Medical Sciences, National Science Foundation, and Cooperative Agreements with the U.S. Environmental Protection Agency.

The paper’s abstract will be available on June 10 at 8 a.m. Eastern time here: http://pubs.acs.org/doi/abs/10.1021/acs.est.6c0253

World Skill Centre and World Trade Centre Bhubaneswar Sign Strategic MoU to Strengthen Global Skill-Trade Linkages

Bhubaneswar, June 6: In a significant step towards aligning skill development with global trade opportunities, the World Skill Centre (WSC), Bhubaneswar and the World Trade Centre (WTC), Bhubaneswar today signed a Memorandum of Understanding (MoU) at the World Skill Centre campus.

The MoU was formalised during a ceremonial event held at the 15th Floor Lecture Hall of the World Skill Centre, in the presence of senior leadership, dignitaries, and industry representatives. The programme included addresses by institutional leaders followed by the formal exchange and signing of the MoU, marking the beginning of a strategic partnership between the two institutions.

The collaboration aims to create a strong convergence between skill development and global trade ecosystems by integrating international industry linkages into training programmes and enhancing global employability of skilled youth. This partnership is expected to play a pivotal role in positioning Odisha as a hub for globally competitive talent.

Speaking on the occasion, Ms. A. Rajyalaxmi, Regional Director, World Trade Centre Bhubaneswar, highlighted the importance of skilled human capital in today’s interconnected global economy. She emphasised that the collaboration would facilitate international exposure, industry engagement, and access to global markets for emerging talent.

The World Trade Centre Bhubaneswar, an accredited member of the World Trade Centers Association (WTCA), is committed to promoting international trade, investment, and business linkages. Through its global network, it enables enterprises and institutions to connect with international markets and opportunities.

The World Skill Centre, established under the Government of Odisha, is recognised as one of India’s leading institutions in advanced skill development. With state-of-the-art infrastructure and a strong focus on industry-aligned training, WSC continues to bridge the gap between industry requirements and workforce capabilities.

Under the scope of this MoU, both institutions will collaborate on initiatives such as facilitating international internships and apprenticeships, developing export-oriented skill modules, enabling joint certification programmes, and promoting global placement opportunities. The partnership will also support knowledge-sharing platforms, industry interactions, and exposure to international trade ecosystems.

World Environment Day: Educating Future Generations for a Sustainable World

By Jugnu Roy, Director of Engagement – East Asia & India, Education New Zealand  :

“World Environment Day is a reminder that the choices we make today will shape the world future generations inherit. Increasingly, students are seeking learning experiences that go beyond academics to include sustainability, global citizenship, and real-world impact.

In New Zealand, these values are deeply influenced by the indigenous Māori principle of kaitiakitanga or guardianship of the environment and responsibility towards future generations. This perspective is naturally reflected in our education approach, where sustainability, innovation and community wellbeing are embedded into the learning experience. It’s also reflected more broadly in New Zealand’s commitment to sustainability across environmental protection, conservation, and economic and social development.

This commitment is recognised globally. New Zealand ranks second out of 30 countries on the Sustainable Trade Index 2025, which measures how well economies balance economic growth, environmental protection and social development to achieve sustainable outcomes through trade and investment.

At a time when the world is looking for more sustainable ways to live, learn and grow, education can inspire young people to become informed, responsible and future-focused global citizens.”

RBI holds repo rate at 5.25 Percent as Mumbai real estate remains resilient in premium segment

 By:- Mr. Rohan Khatau, Director, CCI Projects Pvt Ltd on RBI MPC Announcement . 

“The RBI’s decision to hold the repo rate at 5.25% underscores the importance of preserving macroeconomic stability at a time when inflation is projected to rise to 5.1%. While factors such as a weakening rupee and elevated commodity prices could translate into higher construction costs, the continuation of a stable rate environment is positive for the real estate sector and helps sustain market confidence. In Mumbai, we continue to see steady demand in the premium and township segments, driven by infrastructure-led urban expansion, redevelopment activity, and a growing preference for larger, amenity-rich communities. Demand in these segments is largely anchored by long-term value creation and lifestyle considerations, making it relatively resilient to short-term economic fluctuations. These fundamentals remain intact and should continue to support steady absorption and investment activity even as the market navigates a more complex global backdrop.”

JSW Ventures strengthens leadership team

Chandigarh, June 6: Strengthening the leadership team ahead of its Fund III launch, JSW Ventures, an early-stage institutional venture capital fund, has appointed senior industry veteran Vikas Chandak as Partner.

Vikas brings over two decades of experience across Consumer, FinTech, and EnterpriseTech, with a strong operator track record of building, scaling, and restructuring multiple businesses. An MBA from IIM Bangalore, he has worked with marquee businesses such as CRED, Etihad, and ICICI Bank.

Prior to joining JSW Ventures, Vikas spearheaded strategy, product development, and business for some of India’s leading fintech and consumer businesses. He has also been an active angel investor for over five years.

At JSW Ventures, Vikas will be co-responsible for the Fund’s investment strategy, capital raising, investments, portfolio management and exits of investee companies in the FinTech and EnterpriseTech segments.

Announcing this here today, Sachin Tagra, Managing Partner at JSW Ventures, said,

“Vikas brings a rare combination of business acumen and a proven track record of operating and scaling technology businesses, which is central to our hands-on approach to portfolio management. His experience will sharpen how we evaluate investments and add significant value to our portfolio companies.”

Vikas Chandak, Partner at JSW Ventures, said,

 “JSW Ventures has built a reputation as a strong partner to founders. Over more than two decades of operating across startups, scaled enterprises and as an Angel Investor, I have seen first-hand how decisions made at key inflection points compound over time and across cycles. Joining the firm provides the right institutional platform to channel those lessons into disciplined investing and hands-on support for the next generation of enduring, tech-first businesses.”

Quantinuum Announces Closing of Upsized Initial Public Offering

BROOMFIELD, Colo., June 5, 2026 /PRNewswire/ — Quantinuum Inc. (Nasdaq: QNT) (“Quantinuum”) today announced the closing of its upsized initial public offering of 28,000,000 shares of its Class A common stock at an initial public offering price of $60.00 per share. All of the shares were offered by Quantinuum. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $1.68 billion. Quantinuum’s Class A common stock is listed on the Nasdaq Global Market under the ticker symbol “QNT.”

J.P. Morgan and Morgan Stanley (in alphabetical order) acted as joint lead active book-running managers for the offering; Jefferies and Evercore ISI also acted as active book-running managers; BofA Securities, UBS Investment Bank, Cantor, Mizuho, Needham & Company, Societe Generale and TD Cowen acted as joint-book running managers; and Craig-Hallum and Rosenblatt acted as co-managers for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission (the “SEC”) on June 3, 2026. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. The offering is being made available only by means of a prospectus. Copies of the prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200 or by email at ecm.prospectus@evercore.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.

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Frost & Sullivan: AI-driven, Cloud-native SIEM Platforms Will Define the Next Era of Cybersecurity Operations

Former GEF CEO Carlos Manuel Rodríguez to Chair new forest finance facility launched by Everland

HALO Facility launched to address one of the most significant barriers facing community-led forest conservation projects: access to early-stage and continuity capital

New York, 5 June 2026 – On World Environment Day, conservation organization Everland announced the launch of the HALO (Holistic Alignment for Lasting Outcomes) Facility: a new financing initiative designed to provide community-led forest conservation projects with the early-stage and continuity capital needed to establish strong foundations and advance toward investment readiness.

Carlos Manuel Rodríguez, former CEO and Chair of the Global Environment Facility (GEF) and former Minister of Environment and Energy of Costa Rica, will serve as HALO’s inaugural Chair. A recognized global authority on conservation finance, Rodríguez will oversee the Facility’s fundraising, governance, and strategic development.

HALO emerged from the Indigenous Amazon Outcome Bond initiative, which aims to mobilize institutional capital for community-led forest conservation projects under Equitable Earth: a next-generation carbon standard designed specifically to meet the priorities of Indigenous and traditional forest communities, and the integrity requirements of carbon credit buyers.

23 projects representing almost 90,000 community members across 17 million hectares of the Amazon rainforest in Brazil, Bolivia, Colombia and Peru have stepped forward to participate. But many months of engagement with communities and investors revealed a consistent challenge: while institutional capital is increasingly interested in projects like these, many projects need money to complete fundamental development activities before they become ready for institutional investment.

HALO was created to address this gap.

As HALO raises capital, it will provide catalytic and bridge financing to high-potential projects, so they have the resources to establish the foundations upon which durable conservation depends. It is these foundations that mitigate risk and can unlock access to larger financing for projects and long-term revenue for communities.

“Durable conservation is most likely to be achieved when communities are at the center,” said Carlos Manuel Rodríguez,“ and REDD+ projects have proven to be one of the most effective ways to channel private finance to forest communities and biodiversity protection. Yet too often, promising projects fail because they lack access to the right capital at the right time. HALO was created to overcome this challenge, and I’m proud to serve as its Chair. Our aim is to help create the conditions for communities to build sovereign wealth while safeguarding millions of hectares of threatened rainforest.”

HALO is currently seeking philanthropic, public-sector, and private-sector partners to support its initial capitalization and help bring high-potential Indigenous-and-traditional-community-led conservation projects to investment readiness.

Puyr Tembé, community leader from the Tembé people and former Indigenous Secretary of the State of Pará, added: “Across the Amazon, Indigenous Peoples and traditional communities remain on the frontlines of forest protection, confronting daily invasions, deforestation, illegal mining, and other pressures that threaten our lives, our territories, and our ways of being. We are not merely witnesses to the climate crisis, we are part of the solutions the world is searching for. The challenge is not a lack of knowledge, wisdom, or capacity within our territories. The challenge is that those who profit from the destruction of the forest continue to have greater access to financial resources than those who dedicate their lives to protecting it. That is why we advocate for direct funding to Indigenous Peoples and traditional communities, without barriers that prevent resources from reaching those who are safeguarding the forest on the ground. When Indigenous territories are strengthened, the forest remains standing, biodiversity is protected, and climate stability benefits not only the Amazon, but all of humanity. Reforesting minds and investing in Indigenous Peoples means investing in real solutions for the future of our planet.”