Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Wipro opens its Smart and Connected IoT Experience Centre in Pune, showcasing advanced IoT and Smart Technology applications. The facility features innovative lighting solutions, ergonomic designs, and live demonstrations. It aims to support modern businesses and drive growth across India, emphasising sustainability and smart infrastructure.
READ MOREThis article explores “what is office peacocking,” a trend where businesses transform their workspaces into attractive, functional environments to entice employees back to the office, focusing on design elements that enhance productivity and employee satisfaction.
READ MOREWeWork’s Chapter 11 bankruptcy plan, approved by a U.S. judge, eliminates $4 billion in Debt. The restructuring reduces rent costs by $12 billion, retains 337 locations, and sees SoftBank holding a minority stake.
READ MOREWeWork Inc. is exiting the Indian market, selling its 27% stake as part of a 40% divestment involving Embassy Group. Amidst its U.S. bankruptcy, WeWork India’sIndia’s growth surged, showing a 68% revenue increase in FY23. The deal awaits the approval of the Competition Commission of India.
READ MOREDiscover how WeWork India, in strategic partnership with the Embassy Group, has emerged as a leader in the flex space industry. With 50 buildings across major Indian cities and a focus on sustained profitability, WeWork India aims for ambitious growth and expansion in the coming years.
READ MOREWeWork India plans a ₹400 crore annual capex to expand by 2 million sq ft annually in major cities. With robust financial growth and strategic funding, it recently launched a 130,000 sq ft workspace in Chennai. Despite WeWork Global’s challenges, WeWork India remains strong, projecting significant future revenue growth.
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