LAKHANI
Awfis plans to raise seats by 50% in FY25
Awfis Space Solutions targets a 50% seat expansion to 135,000, focusing on managed office spaces to drive revenue growth. The company plans to add 40,000 seats by FY25, with new centers following a managed aggregation model. Sobia Khan's report highlights the successful addition of 15,084 seats, primarily under the managed aggregation approach.
Kiran Gems’ Rajesh Lakhani buys sea-view luxury apartment in Worli for Rs 97 cr
Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
Indian team bags three gold, two bronze in Asian Open Pickleball
India dominated the Asian Open Pickleball Championship in Vietnam, clinching three gold and two bronze medals across various categories, showcasing exceptional talent and skill on the court.
Decades-long Pursuit Ends: Fugitive from Chhota Rajan Gang nabbed for involvement in 1994 robbery case
Sabir Barkatali Lakhani, a fugitive associated with the Chhota Rajan gang, has been arrested in Surat, Gujarat, by the Mumbai police. Lakhani had been evading the law for 28 years after being involved in a 1994 robbery attempt. He was a member of the gang and had attacked an on-duty crime branch official during the incident. Lakhani and his cohorts were sentenced to five years in jail, but he managed to escape capture in 1995.
Indian-origin businessman arrested by Leicestershire during Ganesh Chaturthi procession, sparks outrage
Dharmesh Lakhani, an Indian-origin businessman and owner of Bobby's restaurant in the UK, was arrested by Leicestershire police during a Ganesh Chaturthi procession, sparking anger among British Hindus. Lakhani claims he was handcuffed in a painful manner and requires medical treatment. The police stated that they encountered an "unplanned procession" and attempted to engage with the crowd to establish an organizer.
India could be Mindshare's 2nd or 3rd largest market in 2 years: Mindshare Global CEO
Mindshare Global expects India to become its second or third largest market in the next couple of years, with the Indian business projected to grow two to three times faster than other major markets, Mindshare Global CEO Adam Gerhart told ET.
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Flexible workspace provider Awfis adds 1,400 seats in NCR
The centre at Suncity, Gurgaon is spread across 40,000 sq. ft and has 650 seats, while the centre at Knowledge Boulevard, Noida spans over 44,000 sq. ft with 700 seats. "Our centres in Gurgaon and Noida are designed to cater to the increasing demand for flexible workspaces in the region, and we are confident that these spaces will appeal equally to Enterprises, SMEs and startups,” said Amit Ramani, Founder & CEO, Awfis.
Mani Ratnam sir taught me everything I know about films, says 'Ponniyin Selvan' costume designer Eka Lakhani
Apart from Lakhani, her secondary costume designer and her team of assistants of 15-20 people, the costume department of "Ponniyin Selvan" consisted of several weavers, embroiderers, tailors, dyers, and drapers.
NFRA seeks e-locker for auditors to keep digital docs safe
The National Financial Reporting Authority (NFRA) has been working to implement a mechanism for auditors which could help them to keep their files safe in a tamper-proof way. The authority has been looking for a similar mechanism like DigiLocker which caters to individuals.
'Digital, data, content saw 70% of hiring since 2020'
According to Lakhani, media professionals who are managing traditional media buying need to upskill themselves to be relevant as clients ask for different solutions. At the same time, he added that professionals from digital backgrounds need to understand what is happening on the traditional side of the business-TV, Print and Radio.
British Indian among experts to develop future tech in UK
An AI council member, Priya Lakhani OBE, has been appointed to support work to harness new digital technology, such as artificial intelligence, in five high potential sectors to create 21st century's Silicon Valleys in the UK.
Unhappy, many complaints but BJP it is for many voters in Gujarat
In a state where the BJP remains the dominant force and enjoys unqualified support from a big chunk of people, Lakhani and Gopal may sound like voters looking for change. But they are not.
Over 70% of smaller firms in favour of working from office: Survey
Most respondents are eager to collaborate with coworking players to successfully implement a strategy for a distributed workforce, while 30% of respondents are searching for more affordable alternatives to rental offices to have more financial flexibility.
Awfis enters Kochi, strengthen presence in South
In line with its expansion plans in emerging metros, Awfis intends to establish a strong network in Tier II cities in the coming months. At the back of strong demand for flex workspaces, Awfis has now built the largest coworking network in the country with 150 centres and 88,000 seats across 17 cities and will continue to strengthen its foothold across India to establish a network of 200 centres by end of 2022.
Flexible workspace providers hiking rentals by up to 15%
“With a surge in demand and limited amount of grade A office space available in metros, quality workspaces are commanding a higher premium,” said Nidhi Marwah, Group Managing Director, The Executive Centre. “We have mirrored the increase in rentals and fixed expenses ranging from 1-5% in our costs. However, other factors or deal terms drive final costs.”
Awfis elevates Sumit Lakhani to Deputy CEO
Lakhani has been instrumental in building the company from the ground up. He's played a key business role, not limited only to sales and marketing. With his keen interest and acumen in finance and strategy, he has also been in the forefront of delivery, revenue generation and maximizing operational excellence.
Awfis announces elevation of Sumit Lakhani as Deputy CEO
“Awfis and will continue to strive to further enrich the experiences for our existing community and scale towards greater heights. Awfis is redefining the future of work that focuses on creating a flexible, dynamic, and collaborative workplace environment for all its stakeholders and I am delighted to be a part of this journey.” said Lakhani.
Banks to move government on TDS on loan waivers
Slices of loans waived to lessen the strain on defaulting borrowers are being interpreted as 'benefits' that lenders are passing on to borrowers under the new provisions the government has come out on tax deducted at source (TDS).
Vishvaraj Group CEO can’t wait to explore Europe now that restrictions have eased
Travel is back on the cards for Arun Lakhani.
With Covid restrictions gone, demonetisation cash deposits back under the taxman's scanner
Tax assessments for 2016-17 were completed by December 31, 2019 when it became time-barred. But in cases where tax returns were not picked up for scrutiny, or where new evidence has emerged, the persons concerned are being told to produce documents to show the source of cash that was held in banned Rs 500 and Rs 1,000 bills.
WeWork, Awfis, other co-working spaces to realign to meet new norms
Some of the co-working space firms are also allocating more open space to the existing facilities and even thinking of opening office in two shifts.
Ghost of demonetisation haunts traders of Zaveri Bazaar
Dealers in the congested Zaveri Bazaar remember the night when panic-struck cash hoarders and the well-heeled with unexplained money dumped currency bills to buy gold till early morning — temporarily driving up the price of the yellow metal.
Tax queries: Use ITR 2 if you hold shares of unlisted firms
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Tax queries: Pay tax on cash gift from nephew in excess of Rs 50,000
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Two Indian-Americans shortlisted for CNN Hero of the Year award
Samir Lakhani and Mona Patel are among the 10 finalists for the prestigious award.
How InstaOffice is partnering with landlords to disrupt commercial real estate space
Starting with a single centre in Gurgaon, today it has more than 50,000 sq ft of area under management, spread across 10 centres in three cities.
I-T department goes after defunct companies for tax frauds
Former directors of such closely-held private companies fear they could be suddenly saddled with unforeseen liabilities.
Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
Dilip Lakhani, Senior Chartered Accountant answers queries from our readers on taxation matters.
Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
Every week, an expert selected by ET answers queries from our readers on income tax and other levies.
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