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Starlink, a subsidiary of Elon Musks SpaceX, may soon get a licence to operate in the satellite communications space, having apparently satisfied the Indian governments concerns on data storage and transfer. This and more in todays ETtech Top 5.
WeWork India has 50 centres, comprising around 90,000 desks, across seven cities.
CEO Karan Virwani asserted that the Indian business is independent from WeWork Global
In WeWork India, Bengaluru-based real estate firm Embassy Group has a 73 per cent stake, while WeWork Global has a 27 per cent shareholding.
WeWork and certain of its entities filed for protection under Chapter 11 of the US Bankruptcy Code. The company said its locations outside of the US and Canada are not part of this process.