Embassy Group aims to publicize WeWork India

Embassy reports 85% surge in sales bookings to Rs 2,250 cr

Embassy Group, a leading real estate developer in India, has reported a significant surge in sales bookings, indicating a robust demand for housing. The company's sales bookings have soared by 85% to reach Rs 2,250 crore, reflecting the strong recovery in the residential real estate market.

This remarkable performance is attributed to various factors, including pent-up demand, favorable market conditions, and the successful implementation of strategic initiatives by the Embassy Group. Despite the challenges posed by the COVID-19 pandemic, the company has demonstrated resilience and ad..

Indiabulls Real Estate to Raise Rs 3,911 Crore

In a significant move aimed at bolstering its financial position and fostering growth opportunities, Indiabulls Real Estate announced on Friday that its board has given the green light to raise Rs 3,911 crore through the issuance of shares and warrants to investors, including the renowned Blackstone Group and the Bengaluru-based Embassy Group.

Under the approved plan, global investment firm Blackstone is set to inject Rs 1,235 crore into Indiabulls Real Estate, while the Embassy Group will infuse Rs 1,160 crore. After the conversion of warrants, the Embassy Group is slated to hold 18.7..

WeWork Stance on India Unit Sale to Embassy; Talks Continue

WeWork, the popular co-working space provider, has reportedly refused to sell its stake in its India unit to the Embassy Group, an Indian real estate developer. The two parties are said to be engaged in ongoing discussions.

WeWork has been exploring various options, including a potential partnership or stake sale, to raise funds for its India operations. However, talks with the Embassy Group seem to have hit a roadblock as WeWork has turned down the proposal to sell its stake.

Sources familiar with the matter have stated that the negotiations are expected to continue, with th..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..