OFFICE SOLUTIONS
Tribal group seeks immediate solution on ethnic violence in Manipur from LoP Rahul Gandhi
The Indigenous Tribal Leaders' Forum appeals to Rahul Gandhi for a political solution to end violence in Manipur. They express concerns about ongoing bloodshed, displacement, and lack of security. The memorandum outlines challenges faced by the Kuki-Zo community, including restrictions on essential supplies and biased job recruitments by the state government.
Greaves Finance appoints P. B. Sunil Kumar as CEO to accelerate EV financing
Greaves Finance, a Greaves Cotton subsidiary, appointed PB Sunil Kumar as Executive Director and CEO effective July 3, 2024. He will advance financing for electric two-wheelers via the evfin platform. With 25 years' experience, including positions at Taiki Consulting, Tata Finance Ltd, ICICI Bank, and GE Capital Services India, Kumar is also a chartered accountant.
Carlyle, CVC & Hillhouse in the fray for GeBBS
Global private equity firms including Carlyle Group, Hillhouse Investment and CVC Capital Partners have been shortlisted to acquire ChrysCapital-owned GeBBS Healthcare Solutions, said people familiar with the development. The deal proposes to value the Los Angeles-based healthcare business process outsourcing firm at $800 million. The firms, shortlisted after the initial round, will submit a binding offer by mid-July, said one of the persons, who did not wish to be identified.
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.
Canon India appoints Toshiaki Nomura as president and CEO
Canon India has appointed Toshiaki Nomura as its new President and CEO starting July 1. Nomura, with Canon since 1999, previously led Canon's Business Imaging Solution division in Southeast and South Asia. He aims to leverage India's dynamic market potential, focusing on core imaging and printing while expanding into new segments like surveillance and industrial printing. Under Nomura's leadership, Canon plans aggressive expansion into tier-2 and 3 cities, strengthening its brand presence nationwide.
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.
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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.
Top 10 USB Desk Fans: Compact, Portable, and Powerful Cooling Solutions
Exploring the best and most modest way of staying cool while working at a desk in scorching heat leads you to the efficiency of USB desk fans. These compact and portable fans provide an instant and convenient solution to beat the heat, simply by plugging into your laptop or a power bank. With adjustable speeds and angles, they ensure you can work comfortably without breaking a sweat. USB desk fans are a budget-friendly and practical accessory that transforms your workspace into a more pleasant and productive environment, making them an indispensable tool during hot weather.
Best LG Air Conditioners: Efficient, Powerful, and Reliable Cooling Solutions
Explore the top LG air conditioners renowned for their cutting-edge technology and energy efficiency. This article delves into models offering superior cooling performance, smart features, and sleek designs. Discover the best options for various needs and preferences, ensuring comfort and innovation in every home. Stay cool and save energy with the finest LG ACs.
Vodafone Idea in talks with Samsung to expand 4G networks, roll out 5G
Vodafone Idea (Vi) has initiated 5G trials in three network circles using Samsung's virtual Radio Access Network (vRAN) technology on a non-standalone architecture. The trials, aimed at expanding its 4G and introducing 5G services, took place in Chennai, Karnataka, and Bihar. Despite its financial challenges and lagging behind rivals Airtel and Jio in 5G rollout, Vi fulfills its 5G spectrum obligations from the 2022 auction with these trials.
Adani CFO says Sebi notices procedural
The conglomerate faces Sebi notices, financial scrutiny, and market challenges but remains compliant and poised for a strategic rebound from recent setbacks.
An Israel offensive into Lebanon risks an Iranian military response, top US military leader says
Top U.S. military officer warns that an Israeli offensive in Lebanon could lead to broader war, with Iran likely to back Hezbollah. Israel has threatened military action if Hezbollah isn't pushed from the border. Diplomatic efforts are underway, including meetings between Israeli and U.S. officials. The U.S. is concerned about assisting Israel against Hezbollah's rockets. The conflict has already caused casualties on both sides. Hezbollah leader Hassan Nasrallah claims to have over 100,000 fighters, potentially escalating the conflict with broader regional involvement.
Vena Solutions expands into India with new headquarters for talent growth
Vena Solutions has established a head office in Indore, Madhya Pradesh, in collaboration with Innogent Technologies, named Vena Solutions India, to recruit talent across India.
Zerodha’s Nikhil Kamath picks up 7% stake in Infra.Market subsidiary for Rs 166 crore
In December 2023, ET had reported that Infra.Market had sold a 10% stake in RDC Concrete for $20 million to public market investors led by Ashish Rameshchandra Kacholia. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
Election uncertainty weighs on Awfis Space Solutions' debut: Should you hold or exit?
Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
Awfis Space Solutions GMP: Will there be a decent listing at the bourses today?
Awfis Space Solutions shares are currently trading in the unlisted market at a premium of Rs 125, representing a 27% increase over their issue price. The IPO garnered significant interest, with a subscription rate exceeding 100 times at closing.
Awfis Space Solutions IPO allotment: Check status, GMP, and other details
Awfis Space Solutions IPO allotment is set to be finalised today. Investors can check the allotment status on the BSE or Bigshare Services Private Limited’s website. This will reveal the number of shares allotted compared to their bids.
Awfis Space Solutions IPO: Issue subscribed over 32X so far on last day, NII portion booked 76X
Awfis Space Solutions IPO includes a fresh share sale of Rs 128 crore and an OFS of up to 1.22 crore shares. Promoter Peak XV Partners V and other shareholders Bisque Ltd and Link Investment Trust are participating in the OFS. The company's shares are trading with a premium of Rs 110-118 in the grey market.
Awfis raises Rs 269 crore from anchor investors ahead of IPO
For the anchor portion, Awfis has allocated 7.01 million shares at Rs 383 apiece. The investors include mutual funds such as Invesco India Multicap Fund, Axis Mutual Fund, ICICI Prudential Housing Opportunities Fund, HDFC Small Cap Fund, Goldman Sachs India Equity, Allianz Global Investors Fund and HSBC Global Investment Fund.
Gensol Engineering appoints Shilpa Urhekar as Chief Executive Officer of Solar EPC (India)
Shilpa Urhekar appointed as CEO of Solar EPC at Gensol Engineering, with a focus on strengthening India's solar EPC sector. Her experience includes successful project management and growth strategies.
Awfis Space Solutions IPO price band fixed at Rs 364-383; offer to open on May 22
Awfis Space Solutions' IPO opens for subscription on May 22, with a price band of Rs 364-383 per share. The offering aims to raise between Rs 576-599 crore, valuing the company at Rs 2,659 crore.
Awfis IPO: Price band for Rs 599 crore public issue announced
Coworking space company, Awfis Space Solutions, will launch its initial public offering (IPO) on May 22, the company’s red herring prospectus showed.
Office-sharing startup Awfis to launch IPO on May 22
Delhi-based Awfis has reduced the fresh capital it is raising from the offering to Rs 128 crore from Rs 160 crore earlier. Meanwhile, the company's offer for sale component (OFS), through which investors like Peak XV Partners and private equity firm ChrysCapital are divesting their stakes, has been increased to 12.3 million shares from 10 million shares earlier.
10 Best Paper Shredders in India: Comprehensive Shredding Solutions
Delve into the world of document security with our curated list of the top 10 paper shredders. From compact home office solutions to heavy-duty machines for corporate environments, we explore the features, capacities, and durability of each model. Discover the perfect balance of efficiency and reliability to safeguard your sensitive information effectively.
Best Ink Tank Printers in India: Home and Office Printing Solutions
Discover the top 10 ink tank printers in India, offering unparalleled quality and affordability. From high-resolution prints to efficient ink usage, these printers redefine printing standards. Explore their features, performance, and value for money, helping you make an informed choice. Whether for home, office, or commercial use, find the perfect ink tank printer to meet your needs and exceed your expectations.
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.
Flexible office operator Awfis gets SEBI nod for IPO
Awfis had filed its Draft Red Herring Prospectus (DRHP) in December 2023.
Office-sharing startup Awfis gets Sebi nod for IPO
Sebi approves Awfis Space Solutions IPO to raise Rs 160 crore. Peak XV, Bisque, and ChrysCapital to sell shares. Amit Ramani holds 18.2% stake. FY21 revenue impacted by Covid19. 2022 valuation at $110 million.
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