Latest news with #Lakhani
Business Standard
27-05-2025
- Entertainment
- Business Standard
Dr. Yogesh Lakhani Shines Bright at the 78th Cannes International Film Festival, Representing Indian Cinema on the Global Stage
PNN Cannes [France], May 27: Dr. Yogesh Lakhani, Chairman of Bright Outdoor Media Ltd., walked the iconic red carpet at the 78th Cannes Film Festival--an unforgettable moment that symbolized the rise of Indian media and entertainment on the world stage. He is grateful to FICCI & NFDC for the invitation in recognition of his impactful contributions to Indian cinema and his firm support for the industry. Dr. Lakhani stood tall in a classic tuxedo among global film icons, proudly embodying Indian ambition, creativity, and excellence. He joined the list of celebrated Indian personalities at Cannes this year, including Aishwarya Rai Bachchan, Alia Bhatt, Janhvi Kapoor, Ishaan Khatter, Karan Johar, and Aditi Rao Hydari. Also gracing the festival this year were international stars like Tom Cruise, Meryl Streep, who received an honorary Palme d'Or, Emma Stone, Rihanna, and Anya Taylor-Joy, further elevating the global glamour of the event. For over 45 years, Bright Outdoor Media has championed Indian films through iconic outdoor campaigns. From movies to OTT, Dr. Lakhani's billboards have lit up the nation's cultural journey. At Cannes, that same brilliance found a global spotlight and warm recognition. A moment of pride for Indian media, made brighter by Dr. Lakhani's vision.
Economic Times
27-05-2025
- Business
- Economic Times
Awfis Space Solutions shares in focus after nine-fold jump in Q4 profit; revenue up 46%
Live Events Awfis Space Solutions share price target (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of shared workspace provider Awfis Space Solutions will be in focus on Tuesday after the company reported a sharp rise in quarterly profit and strong revenue growth, supported by operational efficiency and the performance of its coworking and allied services the quarter ended 31 March, operating revenue rose 46% year-on-year (YoY) to Rs 339 crore, the Delhi-based firm said on Monday. Net profit surged over nine-fold to Rs 11.3 crore, compared with Rs 1.2 crore in the same quarter last on a sequential basis, net profit declined 27% from Rs 15 crore in the December expenses in Q4FY25 rose to Rs 347 crore from Rs 239 crore a year ago. The increase was largely driven by depreciation and amortisation expenses of Rs 81 crore, subcontracting costs of Rs 58 crore, and other expenses of Rs 128 company's Chairman and Managing Director, Amit Ramani, said the coworking and allied services segment delivered strong growth, with revenue rising 48% YoY to Rs 916 crore. This segment contributed 76% of the company's total revenue for the year.'This performance was primarily driven by a successful phase of newly added seats, sustained improvements in occupancy across our established centres, and strong momentum in our food and beverage business,' Ramani told analysts during a post-earnings of 31 March, Awfis operated in 18 cities with 208 active centres, hosting over 134,000 seats and covering a chargeable area of 7.8 million sq FY25, Awfis reported a 42% increase in revenue to Rs 1,207 crore, compared with Rs 849 crore in FY24. Net profit stood at Rs 68 crore for the year, a turnaround from a Rs 17 crore loss in the previous ahead to FY26, Ramani said the company will focus on execution in the first half, aiming to drive occupancy across existing centres. In the second half, it plans to resume capacity expansion by targeting high-potential locations to meet emerging demand and optimise company also announced the elevation of Deputy CEO Sumit Lakhani to Chief Executive Officer. In his new role, Lakhani will be responsible for profit and loss, daily operations, customer engagement, and also lead sales, marketing, and supply acquisition to Lakhani, approximately 66% of the company's occupied seats are used by large corporations and multinational firms, 20% by small and medium enterprises, 13% by startups, and the remainder by to Trendlyne, the average target price for Awfis Space Solutions stands at Rs 967, suggesting an upside of nearly 46% from current levels. Of the five analysts tracking the stock, the consensus rating is 'Strong Buy'.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
27-05-2025
- Business
- Time of India
Awfis Space Solutions shares in focus after nine-fold jump in Q4 profit; revenue up 46%
Shares of shared workspace provider Awfis Space Solutions will be in focus on Tuesday after the company reported a sharp rise in quarterly profit and strong revenue growth, supported by operational efficiency and the performance of its coworking and allied services business. For the quarter ended 31 March, operating revenue rose 46% year-on-year (YoY) to Rs 339 crore, the Delhi-based firm said on Monday. Net profit surged over nine-fold to Rs 11.3 crore, compared with Rs 1.2 crore in the same quarter last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo However, on a sequential basis, net profit declined 27% from Rs 15 crore in the December quarter. Total expenses in Q4FY25 rose to Rs 347 crore from Rs 239 crore a year ago. The increase was largely driven by depreciation and amortisation expenses of Rs 81 crore, subcontracting costs of Rs 58 crore, and other expenses of Rs 128 crore. The company's Chairman and Managing Director, Amit Ramani, said the coworking and allied services segment delivered strong growth, with revenue rising 48% YoY to Rs 916 crore. This segment contributed 76% of the company's total revenue for the year. Live Events 'This performance was primarily driven by a successful phase of newly added seats, sustained improvements in occupancy across our established centres, and strong momentum in our food and beverage business,' Ramani told analysts during a post-earnings call. Also Read : High conviction picks! ICICI Bank, HAL among 10 large-cap stock ideas from PL Capital As of 31 March, Awfis operated in 18 cities with 208 active centres, hosting over 134,000 seats and covering a chargeable area of 7.8 million sq ft. For FY25, Awfis reported a 42% increase in revenue to Rs 1,207 crore, compared with Rs 849 crore in FY24. Net profit stood at Rs 68 crore for the year, a turnaround from a Rs 17 crore loss in the previous year. Looking ahead to FY26, Ramani said the company will focus on execution in the first half, aiming to drive occupancy across existing centres. In the second half, it plans to resume capacity expansion by targeting high-potential locations to meet emerging demand and optimise returns. The company also announced the elevation of Deputy CEO Sumit Lakhani to Chief Executive Officer. In his new role, Lakhani will be responsible for profit and loss, daily operations, customer engagement, and also lead sales, marketing, and supply acquisition efforts. According to Lakhani, approximately 66% of the company's occupied seats are used by large corporations and multinational firms, 20% by small and medium enterprises, 13% by startups, and the remainder by freelancers. Awfis Space Solutions share price target According to Trendlyne, the average target price for Awfis Space Solutions stands at Rs 967, suggesting an upside of nearly 46% from current levels. Of the five analysts tracking the stock, the consensus rating is 'Strong Buy'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Newsweek
23-05-2025
- Newsweek
Man Not Expecting To 'Live Like a King' in Economy on 9-Hour Flight
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A video about a couple who unexpectedly got to enjoy a nearly empty flight to India has captivated viewers on TikTok. The video was posted by Arti Lakhani (@theyougi), a 31-year-old internal audit manager and content creator based in England in the United Kingdom. The clip has garnered over 41,000 views since it was first posted back in early February. Lakhani and her partner were on a Virgin Atlantic flight from London, the U.K. capital, to Mumbai in India. "There were a total of 80 passengers on the flight, according to the cabin crew" and "there was a full flight of staff, so it was [a] pretty much personalized service," Lakhani told Newsweek. Text overlaid on the video says: "When the flight is empty," as the poster's partner is captured smiling while sitting among some empty rows on a plane. "So you live like a king in economy," the text continues, as he's later shown laying flat on his back across a row seats. Screenshots from a TikTok video of a passenger laying across a row of seats on a nearly empty flight to Mumbai, India Screenshots from a TikTok video of a passenger laying across a row of seats on a nearly empty flight to Mumbai, India @theyougi on TikTok The post comes as the total passenger demand for air travel in March was found to have increased by 3.3 percent compared to March 2024, rising from the 2.7 percent growth reported for February, the International Air Transport Association (IATA) said last week. The couple's enjoyment of their unexpected luck is understandable because lack of seat space is not only inconvenient but can also pose health risks, according to a January 2019 study published in the International Journal of Industrial Ergonomics. The study, conducted among Spanish adult plane passengers, noted that "the increase of economy class airline seats is necessary because immobility on airplane flights can develop different pathologies, such as deep vein thrombosis and pulmonary embolism known as economy class syndrome." The study advised that "the increase in size (body mass and stature) and changing proportions of the human body over the past few decades should be considered in the ergonomic design of economy class airline seats." "An international law should regulate a minimum SP [seat pitch—the distance between two rows of seats], LR [leg room] and SW [seat width] for commercial airplanes," the study said. 'Best Feeling' In a caption shared with the video, Lakhani said: "We did not expect the flight to be this empty!" Lakhani told Newsweek: "Some of the perks of the flight being so empty were that we got to completely lay flat in economy class across all three seats. We were able to use all the extra blankets and pillows to create a comfy bed." She added: "The total flight time is approximately nine hours and we were able to sleep for around eight hours which was amazing. The food service was very quick and it was so calm on board." Viewers on TikTok could relate to the couple's elation over the extra space. User mfrenchhh said it is the "best feeling," while @muzikjnxop asked: "How did you get an empty virgin Atlantic plane!!!!" User polly noted: "As a virgin Atlantic flight attendant we love an empty flight so our customers can enjoy a bit of space to relax." User manara________ wrote: "Happened to me on Etihad from Sydney—Abu Dhabi everyone was looking around in disbelief I slept 14 hours..." Rosh S also said: "This has happened to me a few times on emirates A380 and laying down in a 4-row is first class sleep without the first class price! Haha." Do you have a travel-related video or story to share? Let us know via life@ and your story could be featured on Newsweek.
Yahoo
23-05-2025
- Business
- Yahoo
Service! restaurant facing setback after thousands of dollars of copper, equipment stolen
A Columbus nonprofit whose mission is to support struggling workers in the service industry is facing a setback after one of their future restaurants had thousands of dollars of copper and restaurant items stolen during a recent break-in. Service! was founded during the early days of COVID-19 shutdowns to provide financial relief and meals to central Ohioans who lost their jobs in restaurants, bars, bakeries and other food-service businesses, The Dispatch previously reported. The nonprofit also operates a restaurant with a similar mission at the Franklin County Government Center. The nonprofit had been planning to open their second restaurant, called The Line, sometime in spring 2026, said Sangeeta Lakhani, executive director of Service!. The future restaurant will be a training hub for those in the service industry and provide long-term career growth. Lakhani said that sometime between May 18-20, multiple thieves broke the combination lock housing keys to the building and made off with at least $1,800 worth of copper and around $5,000 worth of restaurant equipment. Lakhani said that the thieves also ripped the electrical panels and wiring out of the wall and that there is no electricity in the building. The estimated cost of the break-in losses doesn't include the cost of having to rewire the building. "We literally just got the keys to the space," Lakhani said in a phone call with The Dispatch on May 22. She said she realized the morning of May 20 that the restaurant had been ransacked and the copper wiring had been stripped. The thieves, she said, left behind clothing, shoes, and even a bicycle. Lakhani said they are still waiting on several building permits to proceed with construction, which was estimated to take about six to eight months to complete. She said the break-in more than likely pushes the planned opening back, though it's too soon to tell how long the opening will be delayed. Lakhani said that while she wasn't exactly mad at the thieves, she is frustrated because the nonprofit's mission is to help struggling people — people she thinks who are probably similar to the ones who broke into the restaurant. "I guess we didn't get to (help) them fast enough," said Lakhani. "I'm frustrated that we live in a world where people have to steal to get their basic needs met." Lakhani said that while they did have insurance, they had just gotten that along with the keys less than two weeks ago and she believes they would likely be penalized or dropped by the insurance company if they filed a claim so soon. As a result, Lakhani said the nonprofit would be forced to resort to fundraising to make up for the financial loss. Copper theft is fairly common due to its high market value. It affects a wide range of sectors, and thieves will usually sell stolen copper to scrapyards, according to Copper wiring can range in price from $2.50 to $4.50 per pound. In 2007, Columbus became the first Ohio community to require scrap yards to submit daily online info to police about each sale, including the names and information about the sellers as well as to take a photo of them and the materials they turned in for sale. The state of Ohio adopted similar legislation in 2012 but installation of the system took a few years. Despite the efforts, Ohio was ranked among the five top states with the highest number of copper thefts in 2019 with 410 thefts, according to the National Crime Insurance Bureau. Reporter Shahid Meighan can be reached at smeighan@ at ShahidMeighan on X, and at on Bluesky. This article originally appeared on The Columbus Dispatch: Service! faces setback after restaurant break in, copper theft
