That softness extends to tenant behaviour: residents are staying put, with the national average length of stay now at 38 months, up slightly from 37 months in Q2 2025. Canada multifamily market snapshot Q2 2026 — Source: Yardi Canadian National Multifamily Report Q3 2026 National vacancy rate 4.7% ▼ 40 bps vs Q1 2026 Avg…
Mumbai: Maharashtra State Electricity Distribution Co (MSEDCL) has appointed eight investment bankers for its proposed initial public offering, which could raise ₹8,000-10,000 crore, people familiar with the development told ET. The issue will mark the first-ever IPO by the Maharashtra government -and a purely state-run discom in India. Eight investment bankers -SBI Capital Markets, Axis…
Mumbai: A decision by the Mauritius cabinet would soon give Indian tax officials more powers to directly question the offshore arms of foreign investors if they suspect that such entities were formed with the prime intention to escape tax. The Mauritius cabinet last week ratified a 2024 tax protocol for amending the agreement between India…
The VLCC Mobassa B (previously named Front Forth), one of the two tankers which the UAE defence ministry said was struck by Iranian cruise missiles while transiting the Strait of Hormuz, in Rotterdam, Netherlands, August 18, 2024, in this picture obtained by Reuters on July 14, 2026. Edwin van Werd | via Reuters Oil prices…
The revised outlook reflects the cumulative weight of economic uncertainty, slower population growth, elevated borrowing costs, and modest income gains — forces that CMHC said are expected to keep would-be buyers cautious well into the second half of the year. Geopolitical pressures compound the domestic picture. The ongoing US-Iran conflict is forecast to temporarily lift…
Mumbai: Shares of generic drug manufacturers in India fell Wednesday after US President Donald Trump said such medicines imported into the country would face 100% tariffs from August 2028 onward, and double that the next year. Analysts said firms with US exposure to their revenues would feel the biggest impact from the change, and investors…
A proptech company focused on deploying AI agents to meet landlords’ leasing and operational needs has closed its second funding round. Courtesy of Uniti Uniti co-founders Emre Altinok and Francesco Decamilli Uniti’s $12M Series-A round was led by Pathlight, with participation from MetaProp and several other investors. It comes after the company secured $4M in…
There is room for some catch-up rally in India after the underperformance and improvement in earnings growth, said Sunil Koul, global emerging markets equity strategist, Goldman Sachs. In an interview with Nishanth Vasudevan, London-based Koul spoke about foreign investors’ outlook for India, the semiconductor trade and the rupee, among other topics. Edited excerpts: When you…
Helping the people side of AI adoption A dedicated AI enablement team and roles have their value not in technology terms, but for the workforce, according to Diana Bartolic, Head of HR at CCL. “There’s a lot of transformation and change happening in workplaces now, probably more so than we’ve ever seen before,” says Bartolic….
ET Intelligence Group: Indo-MIM, a precision engineering components manufacturer, plans to raise ₹500 crore through a fresh issue for repayment of debt and general corporate purposes. It will also raise ₹3,312 crore through an offer for sale. The promoter group’s stake will fall to 77.7% after the IPO from 92.9%. The company provides end-to-end solutions,…