Friday, August 21
Flexible workspace operators are focusing on global capability centers (GCC) to support the next phase of expansion, partnering several overseas companies in finding an Indian beachhead, experts said.GCCs would require 160–200 million sq. ft. of office space by 2030, and flex workspaces will capture 65–80 million sq. ft. of this demand."GCCs entering India today are no longer just leasing square footage; they are prioritising speed-to-market. They need to transition from 'entry' to 'execution' without the friction of fragmented vendor management. This is where flexible and managed workspace platforms are playing a more strategic role,” said Harsh Binani, Co-founder, Smartworks.Flex space will capture almost 40% of GCCs demand for office space in India by 2030, signaling a shift towar
Shares of tobacco stocks such as ITC and Godfrey Phillips fell up to 8% on Thursday morning after the finance ministry notified February 1 as the effective date for levying additional excise duty on tobacco products. ITC shares declined 4.5% to an intraday low of Rs 385, while Godfrey Phillips tumbled 8% to Rs 2,540.15 on the BSE.Late on Wednesday, the finance ministry notified an excise duty of Rs 2,050–8,500 per 1,000 sticks, depending on cigarette length, effective February 1.The new levies on tobacco and pan masala will be imposed over and above the GST rate and will replace the compensation cess currently levied on these sin goods. The existing GST compensation cess, charged at varied rates, will cease to exist from February 1.According to a government notification, pan masala, ciga
