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Smartworks Reports Sharply Narrowed Loss Even as Revenues Climb 0

Smartworks Coworking Spaces delivered a notable improvement in its financial results for the June 2025 quarter. While losses narrowed significantly to ₹4.20 crore from ₹23.03 crore in the prior year, the company posted a 21% jump in revenue, totaling ₹379.21 crore.

No Immediate Tariff Shock for Co-Working Demand,” Says Awfis Chief as ₹200 Crore Expansion Unfolds 0

Amid global economic uncertainties and US tariff speculations, Awfis Chairman and MD Amit Ramani reassures that there’s no visible impact on co-working demand in India—yet. Simultaneously, the company confirms a robust growth strategy, allocating ₹200 crore in capital expenditure to add 40,000 new seats (~2.2 million sq ft) across India in FY26.

IndiQube Posts Stellar Q1 FY26 Performance with 303% Jump in Profit 0

IndiQube made an impressive debut as a listed company by delivering a standout Q1 performance: operating revenue soared to ₹313 crore, up 27% year-on-year, backed by a robust recurring income model. EBITDA almost doubled to ₹65 crore, and net profit surged by 303%, landing at ₹18.5 crore. Under Ind AS, the firm reported a ₹37 crore net loss—a variation largely due to depreciation and lease interest obligations.

Tamil Nadu Sets Up SPV to Manage Co-Working Centres With Built-In Job Linkages 0
- Industry News
- August 13, 2025
Tamil Nadu is launching a Special Purpose Vehicle (SPV)—a privately operated but government-funded entity—to oversee 30 upcoming co-working centres. This SPV will run independently, ensuring seamless operations regardless of political or bureaucratic turnover. It will also integrate recruitment services into each centre, offering free job placement support via online and on-site platforms, helping users connect with employers directly.
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S&W Raises SEBI Alert: Alleged Non-Disclosures by Embassy REIT & IPO-Bound WeWork India 0
- Industry News
- August 11, 2025
Sterling & Wilson Renewable Energy (S&W) has filed formal complaints with SEBI alleging that both Embassy Office Parks REIT and WeWork India failed to disclose a material, legally significant development—a ₹100 crore payment dispute connected to a solar project. Additionally, S&W has invoked SEBI’s “fit and proper person” norms, seeking removal of key promoters due to pending criminal prosecution. The Embassy Group has strongly denied the allegations.
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Bengaluru Office Vacancy Hits Decade-Low Amid Record Leasing 0
- Industry News
- August 11, 2025
Robust leasing activity in Bengaluru’s Grade A office market has driven vacancy rates to their lowest levels in over a decade—falling to just 9.8%. ICRA projects further tightening ahead, with vacancy expected to ease to 9.0–9.5% by FY2026—a clear sign of continued occupier demand and market resilience.
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