EY GDS Opens First Coimbatore Office, Expands Presence in Tamil Nadu

EY Global Delivery Services (GDS) has launched its first office in Coimbatore at the KCT Tech Park, strengthening its presence in Tamil Nadu. The new facility focuses on technology and innovation, with expertise in AI, cloud services, and cybersecurity, contributing to employment and digital transformation in the region.

WeWork India Raises INR 500 Crore via Rights Issue to Reduce Debt

WeWork India has successfully raised INR 500 crore through a rights issue, focusing on debt repayment and strengthening its financial position. CEO Karan Virwani emphasized that the move underscores investor confidence and supports long-term growth. Operating in eight cities, WeWork India offers over 1 lakh desks, catering to businesses of all sizes.

India’s Office Real Estate Market Set to Reach Record 85 Million Sq Ft Leasing in 2024

India’s office real estate market is on track to reach a record 85 million square feet in leasing in 2024, reflecting a strong recovery driven by demand from key sectors such as IT-BPM, BFSI, and Global Capability Centres. The growth signals sustained business confidence and a positive outlook for the commercial real estate sector.

Innov8 to Double Coworking Centers to 100 by 2025

Innov8, a leading coworking startup in India, has announced plans to double its number of centers to 100 by 2025, increasing capacity to over 50,000 seats. This expansion is driven by the growing demand for flexible workspaces from various sectors, including startups and large enterprises, amidst evolving market dynamics.

Kalpataru Projects International Reports Strong Q2 and H1 FY25 Results

Kalpataru Projects International Limited (KPIL) announces impressive financial results for Q2 and H1 FY25, highlighting a 9% rise in consolidated revenue and significant growth in EBITDA and PAT. The company also reports a robust order book of ₹60,631 crores and strong year-to-date order inflows.