MANAGED OFFICE PROVIDER
Seven things NRIs should keep in mind when choosing a wealth manager back in India
NRIs remain a key segment for wealth managers due to India's growing economy and attractive investment opportunities. Wealth managers must offer robust products and services, hold proper licensing, provide knowledgeable relationship managers, have dedicated NRI service desks, a physical presence in NRI corridors, advanced digital infrastructure, and organize informative webinars and seminars for NRIs to ensure optimal returns and financial security.
Eton Solutions onboards NR Narayana Murthy’s family office as first client
Eton Solutions announced Catamaran Ventures, associated with NR Narayana Murthy, as the first Indian user of its AtlasFive platform, managing $781 billion for 665 families globally. Deepak Padaki praised AtlasFive's efficiency. Eton, with 300 Bengaluru employees, plans a new GIFT City tech center. Satyen Patel cited India's financial emergence. Founded by Robert Mallernee, its international HQ is in Singapore.
Redbrick Offices acquires properties in Mumbai’s Andheri for Rs 267 crore
Redbrick Offices, a coworking and managed space provider, has acquired nearly 90,000 sq ft of commercial properties in the Marol locality of Mumbai's Andheri suburb. The acquisition, totaling over Rs 267 crore, involves office space spread over three floors in the Times Square commercial complex. This purchase was made through Redbrick Offices' subsidiary, Red Fox IT Infra LLP, from Ajmera Group’s NTPL Developers entity.
Regional films rule box office, Hindi lose the script chasing money
The domination of regional films at India's box office has become significant, as their share in total box office collections rose from 40.3% in the June 2023 quarter to 56.8% in the June 2024 quarter. Despite a steady overall box office collection of ₹1,798 crore in the June 2024 quarter compared to ₹1,796 crore in the same period of the previous year, the share of Hindi films in the total collections has declined from 41.3% to 35.1%.
Glean Technologies sets up India office, to invest up to $50 million
US-based Glean Technologies, which offers AI assistant platforms for businesses, has chosen to set up shop in Bengaluru, its first in India. The company plans to significantly expand its presence there, aiming to triple its staff to 450 within the next two years.
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.
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Aerospike appoints Venkatesh Guntur as country manager for Southeast Asia
California-based Aerospike has appointed Venkatesh Guntur as its new country manager for Southeast Asia. Guntur, with over 25 years in enterprise IT sales, will lead the firm's growth and expansion in the ASEAN region, focusing on enhancing its presence in AI-centric business applications.
EPFO discontinues GIS deductions, to refund past deductions: These government employees to get higher salary
EPFO: Specified employees stand to gain due to EPFO's decision of discontinuing GIS deductions and refunding all deductions made thus far. According to Akhil Chandna, Partner, Grant Thornton Bharat, "The discontinuation of deductions under GIS will indeed increase the take-home salaries. Previously, the deductions were made from employees' monthly salaries as per their pay-scales to fund the GIS."
WeWork India appoints Janak Malkani to drive expansion in managed office business
WeWork India has appointed Janak Malkani as the head of managed office and sales for the West region. Malkani's extensive real estate experience will enhance WeWork India's managed office offerings, with a focus on innovative and efficient workspace solutions. WeWork India's flexible workspace market has seen significant growth, with a third of its business driven by the Managed Office portfolio, serving notable enterprise members.
$8 trillion & counting! How Family Offices have grown and their impact on the investment world
The history of Family Offices dates back to ancient Rome, evolving into a modern-day necessity for managing wealth and ensuring smooth transitions across generations.
Drone logistics solution provider Skye Air secures $4 million funding
Ankit Kumar, founder and CEO of Skye Air said this fresh funding will help the company to expand its last-mile network across Gurugram and other cities for various service like healthcare, ecommerce. Kumar added he is hopeful that his company will be able to contribute to India's drone sector growth and make India a global drone hub by 2030.
WeWork India debuts in Chennai with launch of first co-working space in the city
WeWork India opened its first co-working space in Olympia Cyberspace in Chennai. This is the company's 55th building in India, offering 2,000 seats on 130,000 sq. ft. Karan Virwani, CEO, WeWork India, highlighted a strong demand in multiple industries such as agri-tech, IT/ITES/ HR, among others.
Wipro bags $500 million deal from US communications provider
The large deal win comes just two months after its new CEO Srinivas Pallia took charge following the resignation of its former chief Thierry Delaporte just seven days into the new fiscal year 2025.
New EPF rules: EPFO relaxes mandatory uploading of cheque leaf image, attested bank passbook for these cases
EPFO eases the requirement to upload image of a cheque leaf and an attested bank passbook. This move will help to expedite the settlement of claims filed online and reduce the number of claims that are rejected
Bangladesh: 10 people dead, over 150,000 houses damaged due to cyclone Remal
As many as 10 people were killed as cyclonic storm Remal made landfall in Bangladesh's coastal area on Sunday night, according to State Minister for Disaster Management and Relief Md Mohibbur Rahman.
Smartworks expands Pune portfolio, leases entire 6 lakh sq ft tower in Balewadi
Smartworks leases tower in Pune's Balewadi for coworking with 8,000 desks. The Indian market has become one of the fastest-growing centers for flexible office spaces, driven by the rising demand for adaptable workspace solutions from large corporations and dynamic startups worldwide, especially after the Covid-19 pandemic.
Best biometric attendance machines for efficient workforce management and time tracking
Revolutionize workforce management with the best biometric attendance machines. Utilizing advanced fingerprint, facial recognition, and iris scanning technology, these systems offer unparalleled accuracy and security. Perfect for businesses seeking to streamline time tracking and enhance efficiency, these devices cater to diverse needs and scales. Elevate your workforce management with reliable, cutting-edge biometric attendance solutions designed to optimize productivity and safeguard sensitive data.
Awfis sets Rs 364-383 price band for IPO
The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.
Awfis IPO on May 22: All you need to know
Coworking space company, Awfis Space Solutions, will launch its initial public offering (IPO) on May 22, the company’s red herring prospectus showed. The Delhi-based company has reduced the fresh capital it is raising from the offering to Rs 128 crore from Rs 160 crore earlier.
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.
Wanted: More women in taxi, logistics lane
Taxi and logistics companies, traditionally reliant on male drivers, are increasingly hiring women to drive cars and commercial vehicles or deliver ecommerce orders on two-wheelers. Female driver demand is rising faster than for males but there's a shortage.
Rajkummar Rao’s ‘Srikanth’ gains momentum on day 2, earns Rs 4.2 cr
Directed by Tushar Hiranandani, 'Srikanth' is a tale that champions perseverance in the face of adversity. The biopic chronicles the remarkable journey of Srikanth Bolla, an entrepreneur who overcame visual impairment to become the first international blind student at the MIT Sloan School of Management. Leading the cast is the versatile actor Rajkummar Rao. Joining him are veteran actress Jyothika, 'Freddy' star Alaya F, Sharad Kelkar, and Om Kanojiya.
Incuspaze leases 350,000 sq ft in Gurugram
The company has also leased 150,000 sq ft space in Pune and 60,000 sq ft space in Jaipur, as it is looking to add 1.5 million sq ft this year owing to increasing demand for flexible space in the country.
RBI allows Ujjivan Small Finance Bank to rope in former SBI veteran as MD & CEO
The Reserve Bank of India has approved Sanjeev Nautiyal as the Managing Director & CEO at Ujjivan Small Finance Bank for three years, effective from July 1, 2024. Nautiyal, with over three decades of banking experience, will hold the position of President before officially assuming his role, subject to shareholder approval. Ujjivan praised Nautiyal's leadership qualities and strategic retail banking expertise, expressing confidence in his ability to further the bank's mission of financial and digital inclusion.
Unlocking organizational potential: The role of chief executive officers (CXOs) in the digital era
Chief Experience Officers lead digital transformation to enhance customer engagement. Collaborating with C-suite executives and leveraging emerging technologies, CXOs drive innovation and deliver exceptional value to customers, shaping the future of business.
Afghanistan: Nine people killed due to floods in Helmand
In a statement, the Taliban-appointed head of information and culture in Helmand said that the incident first happened on Thursday night in the Abghol area of the Kajaki district.
Rapid growth set to drive consolidation among India’s flexible office providers
Flexible workspaces in India have been witnessing rapid growth, leading to industry consolidation through mergers and acquisitions among major players like WeWork and Brookfield. The evolving sector is expected to reshape the market dynamics and set new industry standards. According to Ankit Gupta, president, Brookfield Properties, India is a global talent hub and the demand for an integrated live-work-play environment is driving a flight-to-quality trend. This extends to coworking spaces, paving the way for consolidation.
Was trolled for changing seating position, says CJI while highlighting stress management
Chief Justice of India D Y Chandrachud emphasized the importance of stress management and work-life balance for judicial officers, particularly district judges. He highlighted the need for judicial officers to understand why litigants cross the line and maintain a calm and compassionate approach when dealing with them. He emphasized that the responsibility of judicial officers is immense, necessitating a calm and compassionate approach.
Former Marriott executive, Gaurav Singh, appointed as the President of Table Space
Table Space appoints Gaurav Singh as president, a hospitality industry veteran. He will fortify the organizational framework, nurture strategic partnerships, and innovate the next-generation managed office experience. With two and a half decades of experience, he will strengthen customer relationships and position Table Space as a leading provider of luxury workspace solutions.
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