Innov8 opens three centres in Delhi-NCR with Rs 100 mn investments

15 Jul 2024 CW Team

Co-working firm Innov8 has inaugurated three new facilities in Delhi-NCR, adding over 600 seats to its portfolio with an investment of Rs 100 million. This expansion comes in response to the growing demand for flexible workspace solutions.

The new centres, spanning a total of 60,000 square feet, are strategically located at Unitech Cyber Park, DLF Cyber City, and Okhla. "Delhi NCR's thriving startup ecosystem and its position as a major corporate hub make it an ideal location for our latest co-working spaces," said Ritesh Malik, Founder, Innov8.

Innov8, which was acquired by OYO in 2019, has invested significantly in these developments. The company, founded in 2015, now operates across nine cities, including Delhi, Gurugram, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore. Innov8 boasts over 30 centres, accommodating more than 8,000 employees from various clients.

With the addition of these new facilities, Innov8 now has seven centres in the Delhi-NCR region.

(Source: ET)

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..