Cops search European Parl over suspected Russian interference
Belgium’s federal prosecutor’s office said on Wednesday that police carried out searches at the residence of an employee of the European... Key Points
The Tribune Indiaoffice space leasing in India off to a strong start in Q1-2024
New Delhi [India], March 23 (ANI): The demand for office spaces during the first quarter of 2024 has been strong, registering total leasing of 13.6 million square feet across the top six cities. It is a remarkable 35 per cent increase compared to the same period last year, according to professional services and investment management […] Key Points
ThePrintBengaluru and Hyderabad drive premium office space leasing activity in January-March
The office market in India is typically driven by cities like Bangalore and Delhi-NCR, forming 59% of the office demand in the last four years, said Colliers. Some large deals closed in the first quarter of 2024 included Tablespace, Samsung, ANSR, and TATA Agratas, leasing large floor spaces upward of 1.5 lakh sq ft across Hyderabad d and Bangalore. Key Points
Economic TimesAAP office in Delhi 'sealed', matter to be raised with EC: Atishi
The Aam Aadmi Party office in Delhi has been sealed from all sides, according to senior leader Atishi. The party is seeking to report the matter to the Election Commission, as it goes against the concept of having a level playing field in elections as promised by the Constitution. Delhi Minister Saurabh Bharadwaj alleged that all access to the party office has been stopped by the Union government. Key Points
Economic TimesMore bosses want employees back in the office. Like, now
Dell's remote work promotion halt reflects WFH-WFO shift. Companies push in-office work due to constraints. Market rebound may prompt job changes. Remote work value highlighted. Key Points
Economic Times
America’s office Fire Sale Has Barely Begun
Only 3.5% of offices sold last year came from a distressed seller, thanks to optimism and forgiving lenders. Key Points
mintICICI Prudential Life leases office space in Mumbai
The insurance major has leased this office space - spread across four floors - for five years through a structured deal, a person cited earlier said, adding that the company will be paying a monthly rental of ?91.5 per sq ft for the office space. The lease agreement includes a clause to escalate rentals by 4% every year. Key Points
Economic TimesCognizant asks India employees to work from office: What CEO Ravi Kumar S said in memo
Cognizant has asked its employees based in India to work from office at least thrice a week. Read on to know more about the memo from CEO Ravi Kumar S. Key Points
Times Of IndiaShould interfaith lion pair Sita and Akbar be renamed?
India News: Read about the controversy surrounding the names of interfaith lion pair Sita and Akbar in India. Should they be renamed? Find out more on Indian News. Key Points
Times Of IndiaHow BJP's Vanathi Srinivasan became Tamil Nadu's 1st MLA to earn ISO certified tag for her office
Certification is for 3 yrs, subject to annual review. Coimbatore South MLA says she is keen on changing perception about lawmakers becoming unapproachable post elections. Key Points
ThePrint
Realty players upbeat in a rosy economy
Real estate stakeholders in Mumbai express optimism due to a resilient Indian economy and sustained domestic demand. Residential and commercial office sector deals have seen positive growth, indicating a favorable outlook for the real estate industry. Key Points
Economic TimesRealty stakeholders business outlook moves up optimistic zone on steady India economy
Stakeholders in the real estate industry are confident in the business outlook, backed by India's resilient economy and sustained growth. The Knight Frank-NAREDCO Real Estate Sentiment Index reflects increased optimism. Record residential sales and office space transactions highlight the country's economic robustness. Key Points
Economic TimesBosses finally accept nobody wants to work on Fridays & companies are trying new tricks to bring workers b
Bosses are introducing new ways to combat the Friday lull, such as “Flow Fridays”, “Focus Fridays”, and “Flex Fridays”. Productivity on Fridays has become more important due to declining engagement rates after the pandemic. Managers are trying to boost morale and productivity by giving employees breaks and meeting-free Fridays. Key Points
Economic TimesED gets its own office space in Mumbai: A BKC plot for Rs 362 crore
Enforcement Directorate (ED) has been allotted a Rs 362 crore plot in Bandra-Kurla Complex (BKC) for its office in Mumbai. Mumbai Metropolitan Region Development Authority (MMRDA) has decided to charge Rs 3.4 lakh per sq m of the 10,500 sq m permissible built-up area on the half-acre (2,200 sq m) plot. Having a dedicated office building in BKC may help ED maintain confidentiality of its work and safeguard its documents along with attached assets. Key Points
Times Of IndiaAn average Indian spent 59 minutes to commute one way to work in 2023: Report
Indian employees spend more time commuting due to hybrid work arrangements, with increased distance and traffic. Average commute time increased to 59 minutes for 20 kms. Employees spend 15% more time on the road. Travel distance increased by 17.6% from pre-Covid times. Companies are adapting work and commute arrangements. Some offer nodal services or shift-based models. Commute time is a challenge and resistance to 100% work from office. Wednesdays are the most preferred office day, while Mondays are the least preferred. Key Points
Economic Times
Despite policy change, why are IT companies still unable to follow the work-from-office diktat?
Several IT services companies are allowing employees to work remotely instead of strictly enforcing the mandate to work from the office for a minimum of 2-3 days a week. While firms like Infosys, HCL, and Cognizant have implemented the policy, managers are prioritizing deliverables and upskilling. TCS, on the other hand, is taking a strict approach and deducting salaries of employees unwilling to come to the office. Key Points
Economic TimesMost big IT companies are not strict about work from office rule
India Business News: Discover why most big IT companies are not strict about the work from office rule. Learn how firms like Infosys, HCL, and Cognizant prioritize deliverables and upskilling over office presence. Key Points
Times Of IndiaMerry Christmas box office collection day 7: Katrina film mints nearly ₹15 cr
Merry Christmas box office collection day 7: The film has been performing decently at the domestic box office. It has been shot in Hindi and Tamil. | Bollywood Key Points
Hindustan TimesNBC gears up for 'The Office' Reboot: Greg Daniels initiates development room for spiritual successor
The legendary Dunder Mifflin office might be gearing up for a comeback, as NBC is contemplating a revival of the much-loved sitcom, 'The Office.'Greg Daniels, the mastermind behind the American version of 'The Office,' is in the process of assembling a team of writers to create a development room. Key Points
Economic TimesIndian office sector records highest ever leasing and net absorption
According to the report, GLV across the top eight cities in Q4 stood at a towering 27.4msf, an 84% growth than the previous quarter and a healthy 48% growth y-o-y. Not only is this the highest quarterly gross lease volume ever, but it also beats the previous record high the volume of Q4-2019 by a significant 4.5 msf margin. More large deals gradually made a comeback after three-quarters of a quagmire as average deal sizes in Q4 jumped 37% as compared to the average deal sizes recorded in the last three quarters. Key Points
Economic Times
Year-ender 2023: From Barbie to Oppenheimer, here are the highest grossing movies of the year
Warner Bros.' Barbie is the highest-grossing movie worldwide, crossing $1 billion at the box office in just 17 days. Here are top 10 highest-grossing movies of the year. Key Points
mintPrabhas' Salaar, Shah Rukh's Dunki claim top spots at worldwide box office
Salaar finished at the 3rd spot while Dunki followed at the 4th position at the international box office collections. Check more details. | Bollywood Key Points
Hindustan TimesDunki box office collection day 3: Shah Rukh Khan's film sees slight jump; earns ₹26.6 crore on third day
Dunki's box office collection improved on Day 3 after a dip on Day 2, grossing ₹26.6 crore. Major metropolitan areas like Delhi, Mumbai, and Bengaluru maintained strong numbers, while occupancy rates remained mixed across the country. Key Points
mintICICI Securities leases office in Mindspace Juinagar for 12 years
The deal was registered on December 15 and the lease tenure will commence from January 1, 2024, shows documents accessed through Propstack. The company has paid an upfront deposit, equivalent to 12 months' rent, of over Rs 11 crore for the transaction that also provides ICICI Securities exclusive access to 190 car parking slots in the commercial tower. Key Points
Economic TimesBlackstone to exit Embassy Reit in $833mn block deal
The deal has a floor price of ₹310 per share, representing a discount of approximately 7.7% compared to Embassy office Parks' Tuesday closing price. Key Points
mint
Air India leases 620,000 square feet in Gurgaon for training centre
The airline will pay an annual rental of about Rs 60 crore, and it has leased the property for a period of 21 years, said people close to the development. They said the developer will construct the building, named E-novation Centre, as per the specifications laid out by the airline. According to documents accessed through floorTap.com, a marketplace for commercial properties, the building will be leased by Innovative Techno Park Ltd. Key Points
Economic Times'It’s a geopolitical statement.' Anand Mahindra lauds Google's decision to build its largest office outsid
Google's ambitious project, led by British firm AHMM, involves a massive 3 million sq. ft. eco-friendly campus. It will accommodate 18,000 employees. Key Points
Economic TimesIndia's Wipro asks employees to work from office thrice a week
Wipro (WIPR.NS), India's fourth-largest IT services provider, is mandating that all its employees globally work from office at least thrice a week from this month, according to a company-wide email seen by Reuters on Tuesday. Key Points
ReutersWeWork's troubles darken outlook for embattled office market
The troubles faced by co-working titan WeWork (WE.N) are darkening the outlook for the world's largest business hubs, where rising office vacancies are already heaping pressure on investors set to refinance big-ticket mortgages next year. Key Points
ReutersInfosys asks lower level employees to return to office: Story in 5 points
Infosys is transitioning to a hybrid work model, asking lower-level employees to spend ten office days monthly, aligning with the growing trend in the IT industry. Here is the full story explained in five points. Key Points
India Today
Major cities are now with filled with empty office buildings. What happens next?
Once bustling high-rises are now scarcely used, if not entirely vacant. Some may sit empty, but others could transform. Key Points
BBCAmazon cracks down on employees who stay away from the office
Amazon.com Inc. is cracking down on US workers who have ignored its return-to-office guidelines, in the latest example of companies attempting to reduce the amount of time employees work remotely. Key Points
Economic TimesChristopher Nolan's 'Oppenheimer' beats 'Batman Begins' at the box-office, 'Dunkirk' collections next-Entertainment News , Firstpost
Christopher Nolan’s ‘Oppenheimer‘ has beaten ‘Batman Begins‘ at the box-office, is now eyeing ‘Dunkirk‘ collections next. Oppenheimer has earned $412.44 million at the worldwide box office, and Batman Begins’ collections were $373.67 million. Key Points
FirstpostEvening brief: Govt '10-day window' remark as Oppn presses for no-trust debate
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesStone pelting at Meghalaya chief minister's office, 5 injured
Five security personnel were injured after a mob pelted stones at the office of Meghalaya Chief Minister Conrad Sangma. Sangma himself escaped any harm in the incident. Key Points
India Today
BYJU’s vacates two office spaces in Bengaluru as cost-saving measure: Report
The company has vacated two of the nine floors it had in the building. The company has reportedly asked the employees to work out of its other premises or from their homes from July 23. Key Points
Business Today