Student housing startup Stanza, recently announced that it will venture into managed housing for working professionals with a capacity of 10,000 beds in four cities. The company plans to add an additional 50,000 beds in the new segment with an investment of ₹150Cr for expansion. According to a LiveMint report, the company initially will focus […]
Tag: Business expansions
Amazon, the American e-commerce giant and cloud computing company has decided to open a new office in Manchester and will be creating more than 1000 jobs in the fields of research and development in the UK. The new Manchester office will be house at least 600 new employees working on software development, machine learning and research and […]
Hospitality firm OYO on Thursday announced its launch in Indonesia after entering into the markets of UK and Dubai this year. Starting operations with over 30 exclusive hotels and more than 1,000 rooms in three cities — Jakarta, Surabaya, and Palembang — the company is ready to offer benefits of its hospitality experience to asset […]
Innov8 Coworking, the Y-Combinator backed workspaces and community startup, on Thursday announced that the firm had raised USD 4 million funds to expand its business and double its seating capacity to 8,000 by March next year. Innov8 was started in 2015 by Ritesh Mallik. It currently has 13 coworking spaces in the National Capital Region […]
VE Commercial Vehicles Ltd. (VECV) the joint venture between the Volvo Group (Volvo) and Eicher Motors Limited (EML) has announced that the JV will invest in a new plant in Bhopal for of Rs 400 crore. “The Madhya Pradesh government has allotted land for the new plant and work to set up this plant is […]
TCL Corporation, a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province, is planning to invest Rs 2,000 crore in its newly proposed manufacturing facility at Tirupati, Andhra Pradesh in the first phase, according to an ET post. TCL expects to start manufacturing from the first unit in India by October 2019. The unit will […]