FLEXING
M3M leases 220,000 sq ft to flexible workspace provider Incuspaze in Gurugram
Flexible workspace provider Incuspaze has leased 220,000 sq ft in Gurgaon's M3M Urbana project, following a 600,000 sq ft lease last quarter across three cities. As demand grows, Incuspaze is expanding rapidly. The flex workspace market is expected to reach 100-140 million sq ft by 2030, driven by multinational companies and GCCs.
India, Australia, France pledge joint efforts for free and open Indo-Pacific amid China's growing assertiveness
India, Australia, and France have pledged to collaborate on promoting a free, open, inclusive, and rules-based Indo-Pacific region in response to China's increasing assertiveness. During the third 'India-France-Australia trilateral focal points' meeting in Delhi, the countries reviewed progress under trilateral cooperation pillars and identified new proposals for furthering collaboration, including initiatives within the Indo Pacific Oceans Initiative and Indian Ocean Rim Association mechanisms.
MoEngage increases seating capacity to 900 with 315Work Avenue
315Work Avenue, a coworking space provider, has doubled its capacity with San Francisco-based MoEngage, bringing its total to 900 seats. The office space, located in Koramangala, Bangalore, spans approximately 45,000 square feet. The deal was facilitated by property consultants Cushman and Wakefield. The company currently manages 2 million sq ft space across 40 prime locations in Bengaluru, Chennai, Mumbai, and Pune.
More women employees break free from 9-5 cycle, hustle for gig work
The number of female professionals opting for freelance roles surged, with a 300% increase in female consultants in India in FY24 over FY22, as per data from Flexing It shared exclusively with ET. In FY24, global organizations increasingly looked to India for high-quality talent at lower costs, taking advantage of the country's robust post-pandemic remote work practices.
Air India introduces Fare Lock option: Comparison of fees, terms and conditions with IndiGo, SpiceJet
Air ticket fare lock: Air India recently introduced the Fare Lock facility, which is a smooth approach to improving the reservation process, according to the airline. Other airlines, too, offer this facility. Let us see their terms and conditions.
Best extension cords starting at just 309 for safety, durability, and versatility at home
Explore a range of the best extension cords tailored to meet diverse needs. Whether for indoor appliances or outdoor power tools, these best extension cords offer durability and safety. Choose from a variety of lengths and styles, including heavy-duty options for demanding applications. Upgrade your power solutions effortlessly with the top extension cords available, ensuring convenience and reliability for all your electrical needs.
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Indian Army Vice Chief Upendra Dwivedi visits Army Training Command headquarters
The Vice Chief emphasized the need for jointness, Integration and self-reliance. He exhorted the Army Training Command (Vice Chief) to continue reviewing the training concepts for future applications. Lt Gen Dwivedi also released a compendium of ARTRAC publications on the contemporary strategic landscape.
Table Space targets high growth, leases over 2.5 million sq ft across four cities
Table Space expands its presence in Indian cities by acquiring and leasing office spaces to meet the growing demand for managed workspaces. They aim to add more space in key metros and provide world-class workspace solutions.
Rentals across India’s key office markets up 4-8% in March quarter, Colliers
India's prime office markets witness 4-8% yearly rental rise driven by demand and quality supply, surpassing pre-pandemic levels in 2024. Occupiers across Asia Pacific are willing to pay more for superior offices. High-growth markets like MG Road Delhi and SBD1 Bengaluru show up to 20% rental growth. Flex spaces expand rapidly, constituting 15-20% of top 6 cities' office leasing.
When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
But now, with the U.S. economy showing surprising vigor, a different question has arisen: Will the central bank really cut rates three times this year, as the Fed itself has predicted - or even cut at all? The Fed typically cuts only when the economy appears to be weakening and needs help.
Next-gen lunar rover successfully tested in California's Mojave Desert
A next-generation lunar rover, the Flexible Logistics and Exploration (FLEX) vehicle, has been successfully tested in California's Mojave Desert. Piloted by retired Canadian astronaut Chris Hadfield and MIT aerospace graduate student Michelle Lin, the FLEX rover showcased its capabilities, including setting up a vertical solar array. Designed for NASA's Artemis program, FLEX is as fast as Nasa's 'moon buggy' but offers enhanced capabilities, making it adaptable for various tasks including exploration, cargo delivery, and site construction on the moon.
In the green race, auto companies hop on powertrains
Car companies in India are adapting to a mix of powertrain technologies, including petrol, hybrids, and electric, to meet policy initiatives and changing preferences. The market demands diverse options for cleaner and sustainable transport solutions, driving competition and innovation.
Flexible workspace market size likely to touch 126 million sq ft by 2028
The flex workspace market in India is dominated by product-led operators offering flexible office solutions across the spectrum. Various sectors such as information technology (IT) & IT-enabled services, banking, financial services, and insurance (BFSI), consulting, e-commerce, manufacturing, and emerging startups, alongside the steady influx of global captive centers (GCCs), are driving this demand.
Co-working firm 315Work Avenue aims to double portfolio amid high demand
It also plan to expand its presence in the New Delhi & NCR and Hyderabad markets. The company aims to have a presence across 10-12 cities in its portfolio over the next two years. It also plans to scale up its operations in Bangalore to over 50 centers from the current presence of 30 centers.
China coast guard flexes its might against the Philippines in disputed waters as journalists look on
It was the latest showdown in one of the world's most hotly disputed waters that many fear could descend into a larger conflict that puts the United States and China on a collision course.
Heavy industries ministry weighs reduction of GST on flex fuel vehicles
The Ministry of Heavy Industries is considering requests to reduce the GST on flexible fuel vehicles (FFVs) from the current 28 percent. Consultations with stakeholders and government departments are underway, and once completed, a recommendation will be submitted to the finance ministry.
Workers at Apple supplier Flex's Tamil Nadu plant stage one-day strike
Hundreds of workers at a manufacturing plant of Apple supplier Flex in Tamil Nadu staged a one-day strike on Friday, demanding higher wages and the recognition of a union.
Bosses finally accept nobody wants to work on Fridays & companies are trying new tricks to bring workers back
Bosses are introducing new ways to combat the Friday lull, such as “Flow Fridays”, “Focus Fridays”, and “Flex Fridays”. Productivity on Fridays has become more important due to declining engagement rates after the pandemic. Managers are trying to boost morale and productivity by giving employees breaks and meeting-free Fridays.
Royal Enfield Classic 350 'Flex Fuel' revealed, to run on a blend of petrol and ethanol
Royal Enfield plans to introduce the Classic 350 'Flex Fuel' variant, which runs on a blend of petrol and ethanol. The environmentally friendly model retains the iconic design of the regular Classic 350 and features a unique color scheme. With its powerful engine and adjustable ethanol content, this new variant is expected to be popular among motorcycle enthusiasts. Stay tuned for updates on the official launch date.
Strata in talks to buy commercial realty across cities
Strata is aiming for assets under management of Rs 2,000 crore by the end of 2023-24. It surpassed its AUM of Rs 1,300 crore and aims to expand its presence in western states such as Maharashtra, Rajasthan, and Gujarat. Strata allows investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses, industrial assets, etc.
Amber Group signs MoU with South Korea’s Korea Circuit, YoungPoong Group Co.
Amber Group, a leading homegrown air-conditioner contract manufacturer, has signed an MoU with South Korea's Korea Circuit through its venture, Ascent Circuits. This collaboration aims to fortify PCB manufacturing in India by producing flex, HDI, and semiconductor substrates PCBs. The partnership will provide solutions to the mobile and semiconductor industry, covering the entire requirement of PCBs for various applications in India's electronics manufacturing growth story. The MoU and the acquisition of majority stakes in Amber Circuits have positioned Amber Group as a leader in the EMS space, offering new business opportunities and strengthening their EMS portfolio.
Flexing bonds more than just muscles
Maldivian president Mohamed Muizzu issues ultimatum to India to withdraw military personnel by March 15 'or else'; India must determine long-term foreign policy goals and step up on global responsibility; India's Neighbourhood First policy should make it the natural choice as partner for smaller nations in the region; India must build bonds based on common approach to tackling global challenges; India's place in the region should be strong and resilient.
Iran 'flexes muscles' amid Gaza war fallout: analysts
On Tuesday, Khamenei hailed the Yemeni rebels for their actions saying "these efforts will continue until victory." Iran says it sees it as "duty" to support what it calls "resistance groups" in the region but insists they are "independent" in decision and action.
India flexes maritime muscles by boosting Arabian Sea force
The commandos, deployed this month from an Indian-built warship after an attempted hijacking of a merchant bulk carrier, are part of a major increase of naval forces in seas where rival neighbour China has already long expanded its reach.
Two pollution tests must for vehicles with flex fuel option
All bi-fuel vehicles with flex fuel option will have to undergo tests for both gaseous pollutants as well as particulate mass and number when seeking vehicle type approval under BS VI emission norms. However, hydrogen-run vehicles will have to undergo tests only for emissions of nitrogen oxide, the ministry of road transport and highways said in a notification on applicability of test requirements for type approvals.
Road Ministry notifies emission test standards for vehicles
In its recent notification dated January 5, 2024, the Ministry of Road Transport and Highway said all bi-fuel vehicles with flex fuel option will have to undergo tests for both gaseous pollutants as well as particulate mass and number while hydrogen-run vehicles will have to undergo tests only for emissions of nitrogen oxide.
Uber expands flexible pricing service to more tier 2, 3 cities in India
Ride-hailing major Uber is now testing its flexible pricing service in several tier 2 and 3 cities in India to expand its user base, allowing commuters to bid a particular fare for their ride.
When PSUs start to flex their muscles
Investors in India's public sector have been rewarded for their investment, with companies like NTPC, Coal India, LIC, IRFC, REC, and IOC benefiting from government policies and policy continuity. The performance of listed PSUs in 2023 validates the government's economic management and execution through state-owned enterprises. Governance reforms and the government's intention to trim ownership in PSUs promote efficiency.
SEZ denotification to bridge demand supply gap for flexi office operators
The relaxation of Special Economic Zone (SEZ) regulations, coupled with growing demand for flexible office solutions, is poised to enhance the availability of grade-A office spaces. This development has the potential to alleviate the prolonged scarcity in a high-demand market segment. Additionally, partial de-notification is anticipated to release space formerly designated for domestic business purposes.
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