Page 6 - Business

How Uttar Pradesh became India's new business magnet, overtaking Bengal

Over the past year-and-a-half, Uttar Pradesh has witnessed remarkable growth, adding 28,649 active companies

Co-working provides nearly 23K desks to GCCs during Jan-Sep: Knight Frank

Co-working space operators have given nearly 23,000 desks to Global Capability Centres (GCCs) during the first nine months of this calendar year with MNCs preferring managed flexible office space, according to Knight Frank. Real estate consultant Knight Frank India's report 'GCC Driving India's Real Estate Growth Story' mentioned that the GCCs have emerged as the primary occupiers of flex spaces across the country. "GCC occupied flex seats across eight key markets increased from 17,380 in 2023 to 22,881 in the first nine months of 2024," it added. The consultant said that a year-on-year (YoY) analysis of GCC flex seat occupancy showed a decline in usage from the year 2021 to 2023, as companies transitioned back to traditional office spaces with the easing of the COVID-19 pandemic. "However, 2024 saw a shift with flex seat occupancy by GCCs increasing once again. This resurgence is linked to slower economic growth in the US, prompting companies to leverage India's cost advantages a

Will Ai Handle Your Next Job Interview?

AI is changing the hiring game! In this episode of Manager’s Mantra, we explore how AI-driven conversational tools are revolutionising recruitment processes. learn how AI can impact your job interview

Diwali ads sans bindi: Reflecting SoBo beliefs, not anti-Hindu sentiment

The custom of wearing a bindi dates back centuries, and some sources suggest it has roots in ancient Hindu rituals

Watch: PM Modi's speech at Asia-Pacific Conference of German Business

Prime Minister Narendra Modi addresses Asia-Pacific Conference of German Business 2024 in New Delhi.

HK-based Executive Centre to invest Rs 125 cr to grow India business

Hong Kong-based The Executive Centre, which provides flexible office space to corporates, will invest Rs 125 crore to expand its India business by opening 8 new centres. The Executive Centre (TEC) posted a 31 per cent growth in India revenue to Rs 475 crore during the 2023 calendar year driven mainly by expansion amid rising demand for flexible workspace. TEC has more than 220 centres in 36 cities and 16 countries. In India, the company has a portfolio of 13 lakh square feet of workspace comprising around 12,500 desks across 50 centres. Paul Salnikow, Founder and CEO, The Executive Centre said, "India continues to be one of the biggest and fastest-growing markets for The Executive Centre. The demand for flexible workspaces in the country has been on the rise with the changing preferences and requirements of the modern workforce." Various traditional and new-age sectors including IT/ITES, BFSI, and startups in addition to the influx of GCC (Global Capability Centre) have contributed

US fund urges Seven & i to allow due diligence on Couche-Tard buyout offer

Artisan has been among some of Seven & i's vocal foreign investors who have urged the company to focus on its core convenience store business

Ratan Tata gets state funeral as nation bids farewell to business tycoon

Known for his exemplary business acumen and philanthropic nature, Tata as chairman led various companies within the Tata conglomerate for more than 20 years

Ratan Tata Timeline: Major Moments in the Life of the Business Leader | Ratan Tata passes away

Ratan Naval Tata, former Chairman of Tata Sons and one of India’s most influential businessmen, has had a remarkable life. Here’s a timeline highlighting key moments in his personal life, career

How fate played a role in Ratan Tata becoming a global business icon

Ratan Tata, the former chairman of Tata Sons, passed away on Wednesday at the age of 86 in Mumbai. Under his leadership, the Group transformed from an Indian-focussed entity to a global powerhouse

Going beyond work life balance

Explore a fresh take on work-life balance with Mr. Ravichandran Venkataraman, as he shares insights on timeless business values and holistic wellness.

Festivals spark Rs 50,000 crore business surge, Delhi to see Rs 8,000 crore

With the resurgence of traditional goods and strong consumer sentiment, businesses are set to see a considerable boost this year

Majority of Indian businesses view UK as key market for expansion

The UK is seen as a preferred international destination for expansion by a majority of Indian businesses, according to a new analysis by business and financial adviser Grant Thornton UK released here on Wednesday. Grant Thornton's International Business Report (IBR), which surveys the expectations of around 3,500 senior executives in 31 economies every quarter, found that 89 per cent of mid-market Indian businesses referred to the UK in their growth preferences and 61 per cent of UK businesses had a similar view of India as a market for expansion. A proposed India-UK free trade agreement (FTA), currently in the fourteenth round of negotiations, is seen as holding out great potential to further boost this two-way business attraction. Businesses in both India and UK markets are setting their sights on the other as a key destination for global expansion, drawn by the two markets' strategic advantages and strong cultural connections, said Anuj Chande, Head of South Asia Business Group a

SBI plans to add 600 branches in network during FY25: Chairman Setty

State Bank of India (SBI) is planning to open 600 branches across the country in the current financial year in a bid to tap business opportunities in emerging areas including large residential townships. "We have strong branch expansion plans...this would be mainly focused on emerging areas. A lot of residential colonies are not covered by us. Around 600 branches is something we are planning in the current year," SBI Chairman C S Setty told PTI in an interview. The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were inaugurated. SBI has a network of 22,542 branches across the country as of March 2024. Apart from branch presence, SBI has 65,000 ATMs and 85,000 business correspondents. "We serve about 50 crore customers and we take pride in saying that we are the banker to every Indian, and, more importantly, to every Indian family," he said. He also said it would be his endeavour to transform SBI into the best bank, the most valued ba

Favourable biz environment drives firms' credit upgrades in H1FY25

Export-intensive segments vulnerable to global risks, warn rating agencies

Pioneering Robotics Innovation for Warehouse Automation

Join us on this episode of Manager's Mantra as we dive into the world of robotics and warehouse automation with Satish Shukla, Co-founder of Addverb. From the inception of Addverb to becoming a global

Bill to decriminalise minor biz offences may be tabled in Budget 2025

To further decriminalise minor offences, Jan Vishwas Bill 2.0 is expected to be tabled in the next Budget session, says Minister of Commerce and Industry Piyush Goyal

Commerzbank warns UniCredit merger threat to Germany's businesses

Earlier this month, UniCredit took a 9 per cent stake in Commerzbank, catching German authorities off guard.

How B-schools can shape your career in finance

In this episode of Manager's Mantra, we are joined by Mr. Vishal Bajaj, CA, CS, and MBA, who is the Director - Wealth at Client Associates, a leading wealth management firm.

Conceptualising Start-ups in the Sustainability Space

Explore the business and start-up opportunities in the sustainability sector of India with Market Research expert, Mr. K C Mani and get interesting insights on the skills required to build and manage