FLEX Financial News

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Q2 2023 recorded 14.6 mn sq ft of gross absorption across the top 6 cities, rising by 2% YoY, making a strong comeback after a cautious first quarter. Amidst global economic headwinds, demand continued to grow on a sequential basis, indicating a continued occupier confidence, according to Colliers’ Q2 2023 Pan India Office Market Snapshot (Grade A).

office rentals remained stable during April-June at Rs 95 per square feet across six major cities as new supply rose 32 per cent, while demand grew by a modest 2 per cent, according to Colliers India. Real estate consultant Colliers India released its quarterly data of six major office markets — Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad and Pune — on Wednesday. Gross leasing of office space rose 2 per cent to 14.6 million square feet across top six cities during April-June, from 14.3 million square feet in the year-ago period, driven by technology, engineering & manufacturing sectors.

₹1 crore account for nearly 30% market share of sales as compared to 25% in H1 2022, the report said. It also said that H1 witnessed second-highest half-yearly residential sales volume in 9.5 years.

Q2 as compared to the last quarter, mentioned a latest report by Cushman & Wakefield. According to the report, the office realty sector continues to witness a positive demand momentum with the half-yearly gross leasing volume standing at 33.1 msf, accounting for 46% of full year volume recorded in 2022 that was a historic high. Anshul Jain, Head of APAC Tenant Representation and Managing Director, India & South East Asia, commented – “India’s office real estate market continues with its growth momentum. A significant reason for its ability to buck the global recessionary headwinds is the rise in domestic demand. The entry of new GCCs and the ongoing expansion of the manufacturing and flex space segments are also helping the office sector widen its demand base. We can expect the exuberance seen last few quarters in office real estate to continue, if the momentum holds.” According to the report, Delhi NCR recorded the highest leasing volume of 3.6 msf which is 24.8% higher than the Q1-23 volumes. Pune and Bengaluru also recorded healthy leasing volumes of 3.1 msf & 3.0 msf respectively. Hyderabad, meanwhile, witnessed an impressive 61.7% Q-o-Q growth with the total leasing volume standing at 2.6 msf,” the report mentioned. The IT-BPM sector is the biggest contributor with 31% share of the total leasing volumes i.e around 5.3 msf. The flexible space, as an emerging asset class has a special role to play, the report further highlights. In H1-23, this segment once again contributed 13-14% to India’s GLV. With close to 15,700 seats take-up by enterprises in Q2, H1-23 saw total absorption of 36,500 seats across top-8 cities.

Is Snoop Dogg behind a new meme coin token called Thug Life that has set the Twittersphere ablaze?

There's a battle going on among City firms over the great work-from-who-knows-where's-best debate. On the one hand, the post-pandemic embrace of hybrid working has resulted in under-used office space. Global lender HSBC saw the writing on the wall and already signalled in 2021 a shift to trim office space, and giving staff the flex they wanted.

Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of the U.K.'s most prominent digital banks.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Shoppers looking for price breaks on basics may have to wait.

Shoppers looking for price breaks on basics may have to wait.

The world's largest asset manager sees the U.S. federal funds rate peaking at 6% after Fed Chair Jerome Powell warned interest rates are likely to head higher than the central bank previously expected.

CoinFLEX on Wednesday announced a restructuring proposal and the next immediate steps the crypto exchange will take.

Big things are happening in the Polkadot ecosystem as the latest data confirmed growing speculation.

In a recent announcement dated 29 July, co-founders of CoinFLEX, Sudhu Arumugam and Mark Lamb, provided an important update. The updated surrounded what the cryptocurrency exchange had been up to manage its current liquidity crisis in the last week. This update came a month following the suspension of withdrawal on the exchange as a result of a liquidity crisis. The organization cited “extreme market conditions and continued uncertainty involving a counterparty.”

In a recent announcement dated 9 July, co-founders of CoinFLEX, Sudhu Arumugam and Mark Lamb outlined steps they intend to take in order to help the exchange out of its current liquidity crisis. 

CoinFLEX, a Hong Kong-based physical futures crypto exchange, announced last Saturday that it has taken legal action to recover $84 million from a single long-term serving client.

Cardano’s native cryptocurrency ADA extended its bearish performance for another week after breaking through its support line. However, the cryptocurrency is now showing signs of a potential trend reversal that might pave way for a bullish uptick.

The Graph (GRT) achieved a new April low on 25 April at $0.32, allowing its price to extend its monthly decline past 40%. It quickly bounced back slightly over 20% from its new monthly low.

Taxpayers who trade cryptocurrencies or other digital assets had a wild ride last year, and that doesn’t stop when it comes to US tax time.

Raises, signing bonuses, more flexibility. Amid a historically tight labor market, more workers are feeling their power—and flexing it.