Watch Dr. Sayalee Gankar, Vice Chancellor of D Y Patil University decode how entrepreneurs can harness AI to lead, adapt, and build smarter ventures. >
OYO-owned co-working firm Innov8 has sold 3 per cent stake in the company to investors at a valuation of Rs 1,000 crore to expand its business amid rising demand of flexible workspace, according to sources. Raymond Family Office has emerged as the lead investor, acquiring nearly 2 per cent share, they added. Global travel tech platform OYO Group declined to comment. In January this year, Innov8 had raised Rs 110 crore from investors, diluting 10 per cent of its equity to a clutch of high-profile investors including family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. Founded in 2015 by Ritesh Malik, Innov8 has more than 30 centres across 10 cities -- Delhi, Gurugram, Noida, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore. Innov8 has seen over 90 occupancies in its centres, driven by rising demand for flexible office spaces. It plans to reach 100 centres by end of this year. Innov8 has reported a profit after tax of Rs 62 crore for 2023
The Confederation of Indian Industry (CII), Karnataka announced on Thursday that it will focus on AI led transformation, sunrise sectors and MSMEs capacity building to enhance the state's competitiveness on the global stage. Our focus is to create a resilient and agile ecosystem that empowers industries to lead in strategic areas like semiconductors, design-led manufacturing, AI-powered production, and clean energy, said Rabindra Srikantan, Chairman of CII Karnataka and Founder and Managing Director, ASM Technologies Ltd. He was addressing a press briefing organised to discuss CII's roadmap to the future. A key pillar of this journey is the expansion of Global Capability Centres (GCCs), which are rapidly evolving from support hubs to strategic innovation engines across sectors, he added. According to him, CII Karnataka is working closely with government, academia, startups, and global partners to catalyse investment, foster deep-tech capabilities, and fast-track industrial ...
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The discount-retail chain, which Dollar Tree bought in 2015 for about $9 billion, will be acquired by Brigade Capital Management and Macellum Capital Management
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India and Qatar on Tuesday will discuss ways to further promote bilateral trade and investments. The issues will be discussed between Commerce and Industry Minister Piyush Goyal and his Qatari counterpart Sheikh Faisal bin Thani bin Faisal Al Thani, an official statement said on Monday. Both will attend the Joint Business Forum meet here on February 18, the commerce and industry ministry said. It is being organised by the Confederation of Indian Industry (CII) in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT). The forum will act as an platform where top business leaders, policymakers, and industry stakeholders will convene to explore investment opportunities, technological collaboration, and economic partnerships, it said. The high-level Qatari delegation includes leading enterprises from energy, infrastructure, finance, technology, food security, logistics, advanced manufacturing, and innovation. "These discussions will enable Indian and Q