All posts tagged: FirstQuarter

GCCs drive India’s office market to record first-quarter leasing

GCCs drive India’s office market to record first-quarter leasing

Published by Webster

India’s office market started 2026 on a record-breaking note, with Global Capability Centres (GCCs) driving historic leasing of 9.1 million square feet (sq ft) in the first quarter (January–March), according to the ‘India Office Figures Q1 2026’ report by leading international property consultancy CBRE South Asia Pvt Ltd. GCCs, also known as captive centres, are in-house offshore units set up by multinational corporations to handle high-value functions such as information technology (IT), research and development (R&D), analytics, digital engineering, and innovation. The strong performance pushed overall office absorption to approximately 20.7 million sq ft in Q1 2026 — the highest ever for any first quarter — marking a 5 per cent year-on-year rise from 19.7 million sq ft in Q1 2025. The numbers underline the sector’s resilience amid steady occupier demand. GCCs dominate leasing GCCs accounted for 44 per cent of total office absorption in Q1 2026. Bengaluru and Hyderabad emerged as dominant hubs, contributing 48 per cent and 19 per cent of GCC leasing, respectively, while Delhi-National Capital Region (NCR) accounted for 14 per …

Apple Takes Top Spot for First-Quarter Smartphone Sales, Data Shows

Apple Takes Top Spot for First-Quarter Smartphone Sales, Data Shows

Published by Webster

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e’s launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday. Apple had 19 percent of the smartphone market, despite flat or declining sales in the US, Europe and China, followed by Samsung with 18 percent of the market, according to Counterpoint. The International Data Corporation, which tracks mobile phone shipments, said global shipments rose 1.5 percent in the first quarter, with Apple rushing to stockpile units to avoid tariffs imposed by US president Donald Trump. Trump’s back-and-forth tariffs and escalation of global trade tensions has resulted in global financial market turmoil for the past two weeks, a worsening economic outlook and the possibility of stronger inflation. Apple had chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India in an effort to beat the tariffs. However, Trump’s decision to exclude smartphones, computers and some other electronics …