US-based tech firm IBM's India arm, IBM India, has leased over 2.83 lakh sq ft of office space at Radon Tower in Bagmane Solarium City, an IT park in Bengaluru.

The space is leased from Akruthi Infra-Build Developers Private Limited for a period of 10 years at a monthly rental of Rs 2.98 crore, involving a 15% escalation every 3 years. According to the estimates, the total rent outflow for the period of lease would be around Rs 522 crore.

Kanpur-based renowned cement-making brand JK Cement has plans to invest Rs 130 crore in its plant in Telangana. This investment will be made through its wholly owned subsidiary, JK Maxx Paints, at its new water-based paint manufacturing plant in Raghunadhapalem, Suryapet.

The plant has an expected annual production capacity of 75,000 kilolitres (KLPA) and is expected to be commissioned within about 12 months from the start of construction, as per the firm.

Gujarat-based textile and apparel maker Arvind Ltd has inaugurated its greenfield garment manufacturing facility in Varanasi, Uttar Pradesh. The facility, built with an investment of Rs 150 crore, was inaugurated by Prime Minister Modi. 

Spread over 5.5 acres, the plant has a built-up area of around 65,000 square feet and a revenue potential of Rs 250 crore. This new facility will manufacture knitwear products using automated sewing technologies.

Prime Minister Narendra Modi inaugurated the Reserve Bank of India's (RBI) data centre in Bhubaneswar during his visit to Odisha. The project has taken an investment of Rs 169 crore and is the second data centre of RBI after the one in Navi Mumbai.

Spread over 18.55 acres, the facility is located at Jatni on the outskirts of Bhubaneswar. According to the RBI, the data centre is designed to strengthen data management, disaster recovery, cybersecurity, and business continuity for core functions such as currency management, payment and settlement systems, and regulatory operations.

Germany-based manufacturer of building and construction materials, Knauf Group plans to invest an additional Rs 3,720 crore (€350 million) in India and establish four new plants. The firm will develop its third plant in Gujarat with an investment of €80 million.