Asset management firm SBI Funds Management recently acquired a 67,870 sq ft office space at Parinee Cresenzo in Mumbai’s BKC for Rs 103 crore, as reported by Propstack. The company did not respond to inquiries from Business Standard. This purchase reflects the current trend in India’s office market, showcasing significant activity in the sector.
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Tejas combat jet test fires Astra missile
India's Tejas light combat aircraft successfully test-fired the indigenous air-to-air missile Astra off the coast of Chandipur in Odisha, as confirmed by the defence ministry. The missile hit the flying target directly, showcasing its precision and effectiveness, while meeting all mission parameters. Developed by DRDO, the Astra missile has a range of over 100 km and demonstrated accurate performance in engaging targets. Full Article
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