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Domestic firms will <keyword id="6356112" type="General" weightage="100" keywordseo="lease" source="Orion">lease</keyword> an estimated 60-65 million square feet of <keyword id="181150" type="General" weightage="20" keywordseo="office-space" source="Orion">office space</keyword> between 2024 and 2025, according to <keyword id="20060150" type="General" weightage="20" keywordseo="cbre" source="keywords">CBRE</keyword> South Asia's report, '<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> Inc's Ascension - The Rise of Domestic Firms as an Office Demand Driver'. Domestic companies have been responsible for nearly 47 per cent of office leasing activity from 2022 to H1 2024, marking a departure from the traditional dominance of global corporations, particularly American firms. During 2022-2023, domestic firms experienced a 60 per cent surge in office space absorption compared to the pre-pandemic period of 2018-2019. Key occupier groups have secured significant spaces in prime locations across major cities, with <keyword id="19913115" type="General" weightage="20" keywordseo="delhi-ncr" source="keywords">Delhi-NCR</keyword> leading, followed by <keyword id="6354321" type="General" weightage="20" keywordseo="bengaluru" source="Orion">Bengaluru</keyword> and Mumbai. E-commerce and life sciences companies have driven occupancy in Bengaluru and Hyderabad, respectively, while Mumbai has captured a substantial 43 per cent share of domestic <keyword id="19910880" type="General" weightage="20" keywordseo="bfsi" source="keywords">BFSI</keyword> leasing, with strong contributions from Delhi-NCR and Chennai. The report attributes the robust growth of India's office market to several factors, including government initiatives like Make in India and the <keyword id="19952889" type="General" weightage="20" keywordseo="production-linked-incentive" source="keywords">Production Linked Incentive</keyword> (PLI) Scheme. These programs, along with increased domestic manufacturing, employment generation, and a well-capitalized banking sector, have created a supportive environment for business expansion. Other contributing factors include low corporate leverage ratios and improved access to capital, which have enhanced the investment capacity of Indian companies. India's talent pool, with approximately 2.5 million STEM graduates and a thriving start-up ecosystem featuring over 100 unicorns, has also been a major driver of growth. With over 38 sector skill councils, the government's focus on bridging the skill gap is preparing domestic firms for future demands, further bolstering the office leasing sector. Flexible space operators, technology, and BFSI sectors have emerged as the primary drivers of office leasing, collectively accounting for two-thirds of all domestic activity. The RCA sector, which includes legal, taxation, HR, and media services, is also playing a significant role in boosting domestic leasing. Additionally, Indian engineering and manufacturing firms, which currently represent 7-8 per cent of domestic office leasing, are expected to expand into <keyword id="20270212" type="General" weightage="20" keywordseo="tier-ii" source="keywords">Tier-II</keyword> and Tier-III cities, which are emerging as manufacturing hubs. Anshuman Magazine, Chairman and CEO, India, Southeast Asia, Middle East &amp; Africa, CBRE, said, "India's rapidly expanding start-up ecosystem and talent abundance are major drivers of this demand. As India's major urban centers continue to grow and diversify, the demand for premium office spaces will shape the future of the commercial real estate market, setting new standards for innovation and excellence. He added, "India's top nine cities are poised to see an impressive addition of ~185 million sq. ft. of premium office space by 2026. This dramatic increase in office space is a testament to several key factors driving the transformation of the commercial real estate landscape". Ram Chandnani, Managing Director, Advisory and Transaction Services, CBRE India, said, "Advances in technology, especially artificial intelligence (AI), are poised to further transform the office sector. While AI may cause job displacement in some areas, it will also create new opportunities and necessitate comprehensive workforce reskilling. The surge in workforce needs, driven by digitalization, evolving workplace strategies, and enhanced business confidence, has substantially boosted leasing activity."

Domestic firms to lease 60-65 million sq ft office space by 2025: CBRE report

<ul class="summary-list"><li>Fyre Festival II is a go, according to the original event's founder Billy McFarland.</li><li>The original Fyre Festival was a disaster, resulting in McFarland serving several years in prison for financial crimes.</li></ul>It's been seven years since the disastrous Fyre Festival, but founder Billy McFarland insists that a second attempt is still in the works despite missing some key components."What's up, guys? This is the big day, because, as of right now, Fyre Festival II tickets are officially on sale," McFarland, clad in a fluffy white robe, announced in a <a target="_blank" href="https://www.youtube.com/watch?v=URtBbKzgeO4">video</a> uploaded to his personal YouTube channel last summer.<a target="_blank" class="" href="https://www.businessinsider.com/fyre-festival-expectations-vs-reality-2017-4">The original Fyre Festival</a> took place on the island of Great Exuma in the Bahamas. "Took place" is loose parlance — sure, people arrived in the Bahamas for a music festival. But they were greeted with catastrophe: The promised "luxury lodging" was actually tents, "gourmet food" was <a target="_blank" href="https://www.businessinsider.com/fyre-festival-guests-got-cheese-and-bread-after-starr-catering-cancels-2017-4">haphazard cheese sandwiches</a>, and artists set to perform simply weren't there.The infamous event was chronicled in two dueling documentaries: <a target="_blank" href="https://www.businessinsider.com/fyre-festival-revelations-netflix-documentary-2019-1">Netflix's "FYRE: The Greatest Party That Never Happened"</a> and <a target="_blank" href="https://www.businessinsider.com/fyre-fraud-hulu-documentary-billy-mcfarland-2019-1">Hulu's "Fyre Fraud."</a> McFarland himself was <a target="_blank" href="https://www.businessinsider.com/fyre-festival-founder-sentenced-to-6-years-in-prison-2018-10">sentenced to six years in prison</a> after <a target="_blank" href="https://www.businessinsider.com/fyre-festival-founder-pleads-guilty-to-wire-fraud-2018-3">pleading guilty to wire fraud charges tied to the festival. </a>He was released in March 2022 after serving less than four years.McFarland first announced his intent to <a target="_blank" href="https://www.businessinsider.com/fyre-festival-2-is-happening-billy-mcfarland-says-2023-4">engineer a second Fyre Festival</a> in an April 2023 post on X, the platform formerly known as Twitter. Ticket sales began despite there being absolutely no details about what the event would entail, and McFarland claimed his first batch of 100 tickets sold out. More than a year after McFarland's initial announcement, plenty of questions still remain about the festival.Here's everything we know about Fyre Festival II — and be warned, it's not a lot.<h2 id="4fbe91b9-0656-4322-a54e-1b65b04a971d">When did Billy McFarland get out of prison?</h2><a target="_blank" href="https://www.businessinsider.com/fyre-festival-billy-mcfarland-released-from-prison-early-report-2022-5">McFarland was released from federal prison</a> in March 2022 and transferred into "community confinement" in New York. <a target="_blank" class="" href="https://ew.com/music/music-festivals/billy-mcfarland-announces-fyre-festival-2-ticket-sales/">Entertainment Weekly</a> reported that he's since been on supervised release.<a target="_blank" href="https://www.businessinsider.com/fyre-festivals-bill-mcfarland-is-out-of-solitary-confinement-2021-4">McFarland spent time in solitary confinement</a> in 2020 and 2021 after participating in an interview on the podcast "Dumpster Fyre," his attorney told Business Insider. It was there, McFarland said, that he dreamed up his new venture."It really all started during this seven-month stint in solitary confinement," he said in the Fyre Festival II announcement video. "I wrote out this 50-page plan of how I would take this overall interest and demand in Fyre, and how I would take my ability to bring people from around the world together to make the impossible happen, but how I would find the best partners in the world to allow me to be me while executing Fyre's vision to the highest level."McFarland also <a target="_blank" href="https://twitter.com/pyrtbilly/status/1645612176684580865?s=20">said in an April X post</a>, after announcing Fyre Festival II, that it was "in the best interest" of the people to whom he owes money for him to continue working.<h2 id="7e3ca6a5-d81d-4e48-91f1-c08a9b98ee79">When and where is Fyre Festival II?</h2>Vaguely in the Caribbean, and vaguely toward the end of 2024.That's it. <a target="_blank" href="https://posh.vip/e/fyre">According to the festival's website</a>, the event's location is "The Caribbean," with a <a target="_blank" href="https://www.google.com/maps/place/Caribbean+Sea/@15.34355,-74.1599988,5z/data=!3m1!4b1!4m6!3m5!1s0x8c05740f2d973079:0x74e7300c2d25f9bc!8m2!3d14.5401107!4d-74.9676365!16zL20vMDI2MTM?entry=ttu">Google Maps link to the "Caribbean Sea."</a><div type="image" title="fyre festival" height="1616" width="2872" msid="113105111" hostid="261" sizebytes="244524"></div>But the festival likely won't be in the Bahamas again. The Ministry of Tourism told <a target="_blank" href="https://www.cbsnews.com/news/fyre-festival-2-tickets-sold-out-billy-mcfarland-couple/">CBS News</a> in a statement that the "government of The Bahamas will not endorse or approve any event associated with" McFarland, saying that he's "considered to be a fugitive" in the nation.In an interview with <a target="_blank" class="" href="https://www.wsj.com/style/fyre-festival-2-billy-mcfarland-70c76770">The Wall Street Journal</a>, conducted in June and published on Thursday, McFarland said that his festival partners would be scouting locations in Honduras, Belize, Turks and Caicos, Jamaica, and Panama. The WSJ reported that discussions about the festival taking place in Honduras have been ongoing since February according to Coral View Beach Resort owner Heath Miller.The website lists Friday, December 6, as the date of the festival, though in his announcement video, McFarland said that they were vaguely "targeting Fyre Festival II for the end of next year." Small type at the bottom of the fest's website acknowledges the date is "subject to change."This time around, McFarland will be working with an unnamed production company that bought a 51% stake in Fyre Media, a talent management company, and a US festival operator. McFarland will be more hands-on with the festival's marketing and promotional events.McFarland knows there's a lot of pressure on his second edition of Fyre Festival and told the WSJ that he wouldn't publicly name his business partners yet."I don't want the negativity that I bring to kill something before it's ready," he said.<h2 id="a023f216-9bf3-4676-9ab4-19e76161168e">Can you buy tickets to Fyre Festival II?</h2>Tickets will be released in waves and at increasing price points, encouraging would-be festival-goers to get in early. The next 400 tickets, supposedly going on sale "soon," will cost $799, the subsequent 100 $1,199, the next 50 $1,799, and so on. The final listed ticket tier, "pre-sale last chance," will cost $7,999, according to the website.But there aren't any listed dates for when those batches of tickets will be available. The website also previously <a target="_blank" href="http://fyrelist.com">linked to a wait-list form</a>, which included a callout not only for attendees, but also investors, performers, vendors, and workers, and asked, "Why you?" However, the domain has since expired.According to the festival website and McFarland himself, the first wave of tickets has already sold out — but it's difficult to verify that claim. At least a couple of people seem to have genuinely bought tickets, though: <a target="_blank" href="https://www.washingtonpost.com/travel/2023/08/22/fyre-festival-2-billy-mcfarland/">The Washington Post</a> and <a target="_blank" href="https://www.cbsnews.com/news/fyre-festival-2-tickets-sold-out-billy-mcfarland-couple/">CBS News</a> both spoke to Victoria Medvedenko, who purchased tickets for her and her boyfriend at $549.89 each.Medvedenko, a 20-year-old nursing student, told the <a target="_blank" href="https://www.washingtonpost.com/travel/2023/08/22/fyre-festival-2-billy-mcfarland/">Washington Post</a> she wasn't very concerned about how the festival might turn out. "I'm sure I'll get my money back so I don't really see it as much of a loss either way."Her boyfriend, Cooper Sinkiawic, told <a target="_blank" href="https://www.cbsnews.com/news/fyre-festival-2-tickets-sold-out-billy-mcfarland-couple/">CBS News</a> the couple's biggest worry was whether major acts would be willing to sign on to the festival. While they're "optimistic," he said, they're not ruling out the possibility of "some cheese sandwiches."<div type="image" title="Cheese sandwich Fyre Festival documentary Netflix" height="1080" width="1920" msid="113105113" hostid="261" sizebytes="49760"></div>McFarland <a target="_blank" href="https://www.instagram.com/p/CwP5Qz8gP5n/?utm_source=ig_web_copy_link&amp;igshid=MzRlODBiNWFlZA==">announced</a> in a since-deleted statement on his Instagram in August 2023 that all revenue from ticket sales would be held in escrow until the announcement of the final date — meaning that a third party will hold them until that condition is satisfied. In his WSJ interview, McFarland reiterated that the money from the aforementioned sales remains in escrow.<h2 id="09966ed6-2ed5-4a34-8c2c-7208e1912270">Who's on the lineup for Fyre Festival II?</h2>There isn't one yet. So, again: TBD!McFarland told the WSJ that he has a few ideas for potential entertainers, including Karate Combat, a karate fighting league.As for other events, McFarland said in his announcement video that he was working with "one of the biggest and best TV companies in the world" to produce yet another documentary titled "After the Fyre." He also said he was working with "one of the biggest production companies" on a deal to produce "Fyre Festival: The Broadway Musical," which is admittedly much more intriguing than the prospect of another Fyre Festival itself.According to McFarland, there will also be pop-ups and events "around the world" in the lead-up to the festival — at least four, per the festival site.Now, only time will tell if everything manifests by the end of 2024 — but McFarland doesn't seem fazed."This is everything I've been working towards," he said in the video. "Let's fucking go."An email address listed for inquiries on the Fyre Festival II website did not immediately respond to Business Insider's request for further information and comment. McFarland didn't immediately respond to a request for comment sent via X.

Fyre Festival II has no lineup, no location, and no actual date — but mastermind Billy McFarland insists it's still happening

Drone-as-a-Service (DaaS) player <keyword id="4610420" type="General" weightage="100" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword> on Monday said it has raised $22 million as Series A funding. According to Garuda Aerospace, the funding round was led by <keyword id="6357097" type="General" weightage="50" keywordseo="venture-capital" source="Orion">Venture Capital</keyword> firm <keyword id="15395438" type="General" weightage="80" keywordseo="sphiticap" source="Orion">SphitiCap</keyword> which invested $12 million along with participation from other global investors, angel investors and high net worth individuals (<keyword id="50379" type="General" weightage="50" keywordseo="hni" source="Orion">HNI</keyword>) at $5 million. Another $5 million in funding from an infra-development company, a group of HNIs and angel investors from <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword>, <keyword id="6358356" type="General" weightage="20" keywordseo="uae" source="Orion">UAE</keyword> and Singapore was secured by the startup earlier. The company will use the funds raised for scaling up and research and development for building advanced drone solutions for the armed forces in collaboration with global companies for the defence and aerospace sector. The funds will also be used for the skilling and training of drone pilots and help create employment with deepening its footprints in <keyword id="142845" type="General" weightage="50" keywordseo="tier-ii" source="Orion">Tier II</keyword> and III cities. Speaking on the funding <keyword id="6037355" type="General" weightage="50" keywordseo="agnishwar-jayaprakash" source="Orion">Agnishwar Jayaprakash</keyword>, Founder and CEO said: "Garuda Aerospace aims to sell 25,000 drones in the next 18 months and is looking forward to exporting 10,000 drones to about 100 countries in the next 15 months." Pallav <keyword id="255172" type="General" weightage="50" keywordseo="kumar-singh" source="Orion">Kumar Singh</keyword>, Managing Partner, SphitiCap said: "Given the evolving preferences and horizontal expansion with the usage of drones in several sectors, there is a vision of promising growth beneficial for both companies. With this, drones will be playing a major in nearly every sector in the future." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rupee-falls-17-paise-to-82-75-against-us-dollar/articleshow/97854523.cms">Rupee falls 17 paise to 82.75 against US dollar</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/with-millet-kulhads-you-can-now-drink-your-tea-eat-the-cup-too/articleshow/97853752.cms">With millet kulhads, you can now drink your tea &amp; eat the cup too</a>

Drone player Garuda Aerospace raises $22 mn from SphitiCap & others

<keyword id="6357132" type="General" weightage="100" keywordseo="canara-bank" source="Orion">Canara Bank</keyword> plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said. The bidding for the bonds will take place on August 25 between 11 a.m. and 12 p.m. on the <keyword id="35140" type="General" weightage="50" keywordseo="bse" source="Orion">BSE</keyword>'s bidding platform. Most banks were raising funds in the past few weeks either through certificates of deposit, fixed deposits and bonds amid rising credit demand. This was even after the rates on these instruments were rising after the <keyword id="6354335" type="General" weightage="50" keywordseo="reserve-bank-of-india" source="Orion">Reserve Bank of India</keyword> (<keyword id="30067" type="General" weightage="50" keywordseo="rbi" source="Orion">RBI</keyword>) hiked repo rate 50 basis points in the recent policy. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/demolition-of-noida-twin-towers-will-leave-behind-35000-cubic-metres-of-debris/articleshow/93728274.cms">Demolition of Noida twin towers will leave behind 35,000 cubic metres of debris</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/audi-to-hike-its-prices-by-2-4-from-september-onwards-in-india/articleshow/93728939.cms">Rising input and supply chain costs push luxury carmaker Audi to hike prices by 2.4%</a>

Canara Bank to raise up to ₹ 2,000 cr via Basel-III Tier-II bonds

Chennai, Mar 3 (): Consumer durables major UshaInternational on Tuesday said it is very bullish on businessin Tier II and III cities and rural markets, which have 70 percent of its customers, as the potential was immense.Usha International President, Electric Fans and PumpsBusiness, Rohit Mathur, said the company was witnessing a hugedemand for its products in these markets. "We are very bullish on our expansion in these cities-themain reason being the growth consumption patterns, wherecustomers go deeper within the categories", he told . He said 70 per cent of customers in Tier II, III andrural markets have always featured high on Usha's prioritylist for business expansion. "We feel that every customer, irrespective of whether heis working in a metro or in Tier II or tier III or at distantrural village are potential customers... The potential of Tier II and III markets to contribute tosales of a brand is immense," he said. Noting that the company has been witnessing huge demandfor its products nationwide, he said they were looking atdoubling revenues from rural markets in two-three years."Currently the rural markets contribute about 25 per centof the revenue and we aim to double this in two to threeyears," he said.To a query, he claimed that Usha International has 21 percent market share in the fans category and had also doubledits marketing spend to Rs 10 crore. They were investing in various retail initiatives,including in-shop presence and branding, he said.He said the company was 'aggressively' pushing sales tobig retail chains to strengthen its retail footprint. "Traditional distribution accounts for close to 90 percentof revenue and now the company has drawn up a strategy toincrease retail share rapidly", he said. He said Usha International has 51 company owned andoperated branded retail stores in 38 cities and wereexperimenting with the idea of franchisees to expand in TierII and III cities. "Once this model is established, we can then go in for amajor expansion in raising the number of stores", he said. Mathur was here recently to unveil Usha Race Chrome rangeof fans along with company's brand ambassador and India'sfirst Formula 1 driver Narain Karthikeyan."After the successful launch of Usha Racer Fans with him(Narain Karthikeyan) last year, we are now launching UshaRacer Chrome.The Usha Racer series we are focusing on ultra high speedof 400 RPM with glossy power coated superior finish fordurability and high lift angle blades", he said. He said the company has introduced 12 new models, pricedbetween Rs 1,850 and Rs 9,000, strengthening its fan business. VIJ APRAPR APR

Usha International bullish in Tier II, III, rural markets

<ul class="summary-list"><li>Fyre Festival II is a go, according to the original event's founder Billy McFarland.</li><li>The original Fyre Festival was a disaster, and McFarland served several years in prison after.</li></ul>"What's up, guys? This is the big day, because, as of right now, Fyre Festival II tickets are officially on sale," founder Billy McFarland, now over a year out of prison as a result of the last Fyre Festival and wearing a fluffy white robe, announced in a <a target="_blank" href="https://www.youtube.com/watch?v=URtBbKzgeO4">video</a> uploaded to his personal YouTube channel on Sunday.It's been six years since <a target="_blank" href="https://www.businessinsider.com/fyre-festival-expectations-vs-reality-2017-4">the original Fyre Festival</a> took place on the island of Great Exuma in the Bahamas. "Took place" is loose parlance — sure, people arrived in the Bahamas for a music festival. But they were greeted with disaster: The promised "luxury lodging" was actually tents, "gourmet food" was <a target="_blank" href="https://www.businessinsider.com/fyre-festival-guests-got-cheese-and-bread-after-starr-catering-cancels-2017-4">haphazard cheese sandwiches</a>, and artists slated to perform simply weren't there.The infamous event was chronicled in two warring documentaries: <a target="_blank" href="https://www.insider.com/fyre-festival-revelations-netflix-documentary-2019-1">Netflix's "FYRE: The Greatest Party That Never Happened"</a> and <a target="_blank" href="https://www.insider.com/fyre-fraud-hulu-documentary-billy-mcfarland-2019-1">Hulu's "Fyre Fraud."</a> And McFarland himself was <a target="_blank" href="https://www.insider.com/fyre-festival-founder-sentenced-to-6-years-in-prison-2018-10">sentenced to six years in prison</a> after <a target="_blank" href="https://www.businessinsider.com/fyre-festival-founder-pleads-guilty-to-wire-fraud-2018-3">pleading guilty to wire fraud charges tied to the festival.</a>McFarland first announced his intent to <a target="_blank" href="https://www.businessinsider.com/fyre-festival-2-is-happening-billy-mcfarland-says-2023-4">engineer a second Fyre Festival</a> in an April 9 post on X, the platform formerly known as Twitter. Now, ticket sales have begun despite there being absolutely no details about what the event will entail — and McFarland claims his first batch of 100 tickets has already sold out. Here's everything we know about Fyre Festival II — and be warned, it's not a lot.<h2>When did Billy McFarland get out of prison?</h2><a target="_blank" href="https://www.insider.com/fyre-festival-billy-mcfarland-released-from-prison-early-report-2022-5">McFarland was released from federal prison</a> in March 2022 and transferred into "community confinement" in New York. He's since been on supervised release, <a target="_blank" href="https://ew.com/music/music-festivals/billy-mcfarland-announces-fyre-festival-2-ticket-sales/#:~:text=McFarland%20was%20released%20from%20federal,to%20FEMA%20tents%20and%20cheese">Entertainment Weekly reported.</a>Previously, <a target="_blank" href="https://www.insider.com/fyre-festivals-bill-mcfarland-is-out-of-solitary-confinement-2021-4">McFarland spent time in solitary confinement</a> in 2020 and 2021 after participating in an interview on the podcast "Dumpster Fyre," his attorney told Insider. It was there, McFarland said, that he dreamed up his new venture. "It really all started during this seven-month stint in solitary confinement," he said in the Fyre Festival II announcement video. "I wrote out this 50-page plan of how I would take this overall interest and demand in Fyre, and how I would take my ability to bring people from around the world together to make the impossible happen, but how I would find the best partners in the world to allow me to be me while executing Fyre's vision to the highest level."McFarland also <a target="_blank" href="https://twitter.com/pyrtbilly/status/1645612176684580865?s=20">said in an April X post</a>, after announcing Fyre Festival II, that it was "in the best interest" of the people to whom he owes money for him to continue working."People aren't getting paid back if I sit on the couch and watch TV," he wrote in the post. <h2>When and where is Fyre Festival II?</h2>Vaguely in the Caribbean, and vaguely toward the end of 2024.That's it. <a target="_blank" href="https://posh.vip/e/fyre">According to the festival's website</a>, the location for the event is "The Caribbean," with a <a target="_blank" href="https://www.google.com/maps/place/Caribbean+Sea/@15.34355,-74.1599988,5z/data=!3m1!4b1!4m6!3m5!1s0x8c05740f2d973079:0x74e7300c2d25f9bc!8m2!3d14.5401107!4d-74.9676365!16zL20vMDI2MTM?entry=ttu">Google Maps link to the "Caribbean Sea."</a><div type="image" title="fyre festival" height="1616" width="2872" msid="102999219" hostid="261" sizebytes="244524"></div>But the festival likely won't be in the Bahamas again. The ministry of tourism told <a target="_blank" href="https://www.cbsnews.com/news/fyre-festival-2-tickets-sold-out-billy-mcfarland-couple/">CBS News</a> in a statement that the "government of The Bahamas will not endorse or approve any event associated with" McFarland, saying that he's "considered to be a fugitive" in the nation.The website lists Friday, December 6, 2024, as the date of the festival, though in his announcement video, McFarland said that they were vaguely "targeting Fyre Festival II for the end of next year." Small type at the bottom of the fest's website acknowledges the festival's date is "subject to change."<h2>How can you buy tickets to Fyre Festival II?</h2>Tickets will be released in waves and at increasing price points, encouraging would-be festival-goers to get in early. The next 400 tickets, supposedly going on sale "soon," will cost $799, the subsequent 100 $1,199, the next 50 $1,799, and so on. The final listed ticket tier, "pre-sale last chance," will cost $7,999, according to the website.However, there aren't any listed dates for when those batches of tickets will go live. The website also <a target="_blank" href="http://fyrelist.com">links to a wait-list form</a>, which includes a callout not only for attendees, but also investors, performers, vendors, and workers, and asks, "Why you?"According to the festival website and McFarland himself, the first wave of tickets has already sold out — but it's difficult, if not impossible, to verify that claim. At least a couple of people seem to have genuinely bought tickets, though: <a target="_blank" href="https://www.washingtonpost.com/travel/2023/08/22/fyre-festival-2-billy-mcfarland/">The Washington Post</a> and <a target="_blank" href="https://www.cbsnews.com/news/fyre-festival-2-tickets-sold-out-billy-mcfarland-couple/">CBS News</a> both spoke to Victoria Medvedenko, who purchased tickets for her and her boyfriend at $549.89 each.Medvedenko, a 20-year-old nursing student, told the <a target="_blank" href="https://www.washingtonpost.com/travel/2023/08/22/fyre-festival-2-billy-mcfarland/">Washington Post</a> she wasn't very concerned about how the festival might turn out. "I'm sure I'll get my money back so I don't really see it as much of a loss either way."Her boyfriend, Cooper Sinkiawic, told <a target="_blank" href="https://www.cbsnews.com/news/fyre-festival-2-tickets-sold-out-billy-mcfarland-couple/">CBS News</a> the couple's biggest worry was whether major acts would be willing to sign on to the festival. While they're "optimistic," he said, they're not ruling out the possibility of "some cheese sandwiches."<div type="image" title="Cheese sandwich Fyre Festival documentary Netflix" height="1080" width="1920" msid="102999220" hostid="261" sizebytes="49760"></div>McFarland <a target="_blank" href="https://www.instagram.com/p/CwP5Qz8gP5n/?utm_source=ig_web_copy_link&amp;igshid=MzRlODBiNWFlZA==">announced in a statement Tuesday</a> that all revenue from ticket sales would be held in escrow until the announcement of the final date — meaning that a third party will hold them until that condition is satisfied. If you want, though, feel free to purchase Fyre Festival merch. They've got a "Dad Hat" for $40, a hoodie for $200, and sweatpants for $100 listed for sale. The images for these products appear to be mock-up designs and not manufactured products, so TBD on whether these actually exist.<h2>What's the lineup for Fyre Festival II?</h2>There isn't one yet. So, again: TBD!As for other events, McFarland said in his announcement video that he was working with "one of the biggest and best TV companies in the world" to produce yet another documentary titled "After the Fyre." And that's not all: He also said he was working with "one of the biggest production companies" on a deal to produce "Fyre Festival: The Broadway Musical," which is admittedly much more intriguing than the prospect of another Fyre Festival itself.According to McFarland, there will also be pop-ups and events "around the world" in the lead-up to the festival — at least four, per the festival site.Now, only time will tell if everything manifests by the end of 2024 — but McFarland doesn't seem fazed."This is everything I've been working towards," he said in the video. "Let's fucking go."An email address listed for inquiries on the Fyre Festival II website did not immediately respond to Insider's request for further information and comment. McFarland didn't immediately respond to a request for comment sent via X.

Fyre Festival II has no lineup, no location, and no actual date — but mastermind Billy McFarland says tickets are already selling out

Mumbai, Jun 24 () Private sector lender Yes Bank on Wednesday said two domestic rating agencies have cut their ratings on its upper tier-II bonds, following the Reserve Bank restraining it from making coupon payments on them due to lack of adequate capital levels. Icra and Care Ratings have cut their ratings on the bonds to "D" possibly because any default in repayment by a company triggers the action. The city-headquartered bank, which got a Rs 10,000 crore bail out led by SBI in March, asserted that it has adequate liquidity to meet all its obligations. "The bank would like to stress that the coupon on these bonds (Basel II, upper tier-II bonds) is cumulative in nature and any unpaid sum will become payable once the bank meets minimum regulatory capital ratio subject to the required regulatory approvals," the bank informed the bourses. Care Ratings has cut its rating on outstanding bonds of Rs 940 crore to "D" from "C" as a result of the RBI refusing to accede to the bank's request of paying the coupon, a note from the agency shared by the bank said. "Any delay in payment of interest/principal following invocation of the lock-in-clause, would constitute as an event of default as per Care's definition of default and consequently the rating for the instrument has been revised," it said. Elaborating on the need for Yes Bank to seek RBI's approval, it said the upper tier-II bond has lock-in clause which mandates that the issuer bank cannot pay interest/principal without RBI's prior approval if it has reported loss for the year or the interest payment will lead to bank not meeting the capital adequacy norms. Domestic rating agency Icra has downgraded the ratings on six Basel-II compliant upper tier-II bonds totalling up to Rs 32,611 crore to "D", as per the Yes Bank communication to exchanges. The ratings take into account the reported net loss of Rs 16,418 crore in FY20 and the CRAR of 8.50 per cent as on March 31, despite the sizeable capital infusion by new shareholders and the write-down of the additional tier-I (AT-I) bonds in Q4 FY20, Icra said. It also acknowledged that Yes Bank is at "advanced stages" of raising the capital but the same is unlikely to be concluded before June 29. The ratings also factor in the likelihood of high credit costs owing to the weak operating environment coupled with the high overdue advances (Special Mention Accounts) that stood at 7 per cent of the standard advances as of March, it said. It counted on support from SBI and other lenders, who poured in Rs 10,000 crore for the bailout, as a key credit strength while ability to raise deposits, large capital requirements and likely pressures on operating profits were among the challenges. The Yes Bank scrip was trading at Rs 27.45 a piece, down 0.54 per cent, on the BSE at 1230 hrs, as against gains of 0.55 per cent on the benchmark. AA MKJ MKJ

Icra, Care cut ratings on Yes Bank's upper tier-II bonds

<ul><li>Pizza Hut announces its plan to enter several new cities by the end of 2021 to expand its presence in tier-2 and tier-3 cities alongside metros.</li><li>It also inaugurated its 500th store today. </li></ul>Pizza Hut today announced the landmark launch of its 500th store in the country and also shared that it has ambitious expansion plans to considerably increase their footprint in India in the next five years. Pizza Hut’s 500th store was inaugurated in Moga, Punjab by actor and philanthropist Sonu Sood. The company has been on a steady growth trajectory and plans to enter several new cities by the end of 2021 to expand its presence in Tier-II and Tier-III cities alongside metros. On the business front, Pizza Hut has been focusing on a delivery-centric, digital-first approach in keeping with its R.E.D strategy to be Relevant, Easy and Distinctive. The brand recently touched the highest delivery sales ever in India - this success was achieved on the back of a seamless digital ordering experience, industry best value deals and end-to-end contactless services which assured customers of maximum food safety and hygiene. Elated on the occasion, <keyword id="8565178" type="UNKNOWN" weightage="20" keywordseo="Merrill-Pereyra">Merrill Pereyra</keyword>, Managing Director, <keyword id="11738516" type="UNKNOWN" weightage="20" keywordseo="pizza-hut-indian-subcontinent">Pizza Hut Indian Subcontinent</keyword> said, “We are truly humbled and grateful for the unwavering love and trust of our customers and thank them for this momentous achievement. We also owe this success to our franchisee partners and the entire extended Pizza Hut family who work passionately and relentlessly every single day for the love of pizza. We are deeply invested in India and look forward to growing the brand aggressively in the next few years.” Pizza Hut opened its first store in 1996 in Bangalore, becoming the first international pizza chain to enter India. The brand has brought several product and service innovations to the country throughout its journey of 25 years and has been voted as the ‘Most Trusted Brand’ by consumers in independent surveys for over a decade in a row. Credited with bringing its iconic pan pizza to India, the brand has continually improved the recipe over the years and only uses freshly made dough every single day for a perfectly baked pizza crust that’s crunchy on the outside, soft and fluffy on the inside, 100% mozzarella cheese, the best quality toppings and a flavourful, lip-smacking herb-infused sauce. Focused on customer centric offerings, Pizza Hut has introduced a wide variety of innovative pizzas which are customised to suit the Indian palate like Tandoori Paneer, Veg Kebab Surprise, Chicken Tikka Supreme and many more. The brand has further elevated its pan pizzas by introducing scrumptious stuffed crust variants like Veg Kebab, Chicken Seekh Kebab and Cheese Maxx. With a motto to ensure ‘Trust in Every Bite’, Pizza Hut follows all regulatory protocols and guidelines issued by the government, WHO and FSSAI for maximum food hygiene and safety of customers. The pizzas are baked at 240 degrees which eliminates all viruses and packed in disinfected, tamper-proof boxes. Fresh, sanitized vegetables and FSSAI-licensed ingredients are used in all food preparations to ensure great quality and taste.

Pizza Hut plans to considerably increase its footprint in India in the next five years with a focus on Tier II & III cities

<ul><li>As it celebrated it 4th anniversary recently, <keyword id="6245082" type="General" weightage="20" keywordseo="zee5" source="Orion">Zee5</keyword> revealed that its monthly active users (MAU) rose to 101.9 million and global daily active users (DAUs) touched 9.6 million in December 2021.</li><li>Moving forward, the OTT platform is working on ensuring it goes deeper into the country, into Tier II &amp; III markets, and is also working on strengthening the platform on the technology front, to make sure even people with low-end phone or patchy networks can access it without any difficulty.</li></ul><keyword id="6372205" type="General" weightage="20" keywordseo="zee" source="Orion">Zee</keyword>5, the over-the-top (OTT) platform from the house of Zee, has plans of doubling down on its investments on original content production this year. The platform is also working towards building one of the best regional content library in the country, <keyword id="1164639" type="General" weightage="20" keywordseo="manish-kalra" source="Orion">Manish Kalra</keyword>, Chief Business Officer, ZEE5 India told us. As it celebrated it 4th anniversary recently, the platform revealed that its monthly active users (MAU) rose to 101.9 million and global daily active users (DAUs) touched 9.6 million in December 2021. It also said that its users watched an average of 201 minutes of content per month during the last quarter, and it released 51 shows and movies, including 11 originals during the period. “We are fundamentally a highly customer-obsessed business and our success lies in more and more users using our platform. In December, globally, Zee5 crossed the 100 million MAU benchmark which was very exciting for us and we want to keep going from strength to strength. In 2020, we had almost seen a 2X increase on our user base on subscription side and even in 2021, we have seen high double digit growth in subscriber base. We’ve almost doubled our subscriber base YoY which has been very rewarding for us. We are also seeing a lot of people moving to connected devices, there’s been an increase in users coming in from regional languages. So it's been a rewarding journey for us so far,” shared Kalra. Currently, close to 80% of Zee5’s users are Tier I and metro-focused, but this year, the platform wants to go deeper into Tier II and Tier III cities. “Our strategy would be to go local with the right content offerings. We have some big investments planned in regional languages including Tamil, Telugu, Bangla and Punjabi, along with Hindi. We will come up with real, relatable stories that will connect with the masses. We want to ensure we go deeper into the country and acquire and take care of this audience in a much more significant way,’ he added. To celebrate its anniversary, the platform had granted access to a select few of its premium web series and movies to everyone for free. It also announced ZEE5 Spark, an initiate aimed at bolstering the platform’s AVOD content library further by introducing some popular web series like Holiday, Ready 2 Mingle, Dude, The Great Indian Wedding, Happily Ever After, featuring actors like Aahana Kumra, Amol Parashar, Adah Sharma, Priyank Sharma and Naveen Kasturia. Zee5 will also add short films like Baarish Aur Chowmein, Half Full, Khujli, Kheer and many more, starring actors like Taapsee Pannu, <keyword id="6354338" type="General" weightage="20" keywordseo="naseeruddin-shah" source="Orion">Naseeruddin Shah</keyword>, Anupam Kher, Neena Gupta and Jackie Shroff amongst others that will be available for AVOD users under Spark. On some of their key areas of focus for the year, Kalra said, “We want to ensure we become the best-in-class on technology from the platform perspective. We want to become more intuitive and drive a more personalized and customized interface for every user. Secondly, we want to invest on having the best-in-class regional content library because that's our strength and forte. We don’t want to compete in the English genre. So staying focused on our rules, our strengths and investing on a class content library for Indians and the languages that they connect with would be super important for us. We also want to ensure that we stay rooted and connected with India. So, we want to ensure we are available even for consumers who are on low-end devices and do not have great network. So you will soon see some innovations from us on offline viewing and on closed network,” concluded Kalra.

This year, we will focus on ensuring the best-in-class regional content library and technology on the platform and aim at going deeper into Tier II & III markets: Manish Kalra, Zee5

<ul><li>The <keyword id="36208" type="General" weightage="20" keywordseo="festive-season" source="Orion">festive season</keyword> has always been important to brands, especially to e-commerce players who line up big bumper discounts, look for more retail brands to partner and ramp up their product offerings.</li><li>This festive season, e-commerce platforms are focusing on bringing more personalisation and curation to customers shopping online through greater tech and marketing integration.</li><li>More and more e-commerce platforms are also exploring social commerce, turning their apps into super apps by bringing content, products and trends under one roof for consumers to watch and shop at once.</li><li>With increasing internet penetration, e-commerce players are expecting new growth from Tier II, III and beyond this festive, which will cumulatively contribute to $150 billion of e-commerce as per RedSeer Consulting’s report.</li><li>We speak to India’s leading e-commerce players to find out more about their festive plans and revival expectations.</li></ul>The year 2020 accelerated e-commerce industry, perhaps by a decade, revolutionising the way brands operate, run, and grow their businesses, as well as how consumers choose to shop and pay. In the initial months of the lockdown, businesses witnessed a clear shift in consumer behaviour. Historically offline shoppers also came online due to convenience and safety. Consumers are still hesitant to return to in-store shopping completely and audiences from Tier II and Tier III are also preferring to shop online. The pandemic has evidently caused an inflection point for e-commerce in the country. With the second-largest internet user base, India has emerged as one of the most prominent markets globally. Around 480 million people in India have access to the internet out of which 90 million are online shoppers, according to estimates from management consultancy RedSeer. Shoppers from India’s small towns and cities will cumulatively contribute to $150 billion of e-commerce GMV in the coming decade, until 2030, revealed RedSeer. <div type="image" title="redseer - ecomm report" msid="85901903" hostid="261"></div> After spending a glum year and a half, consumers are excited to celebrate the festive season with upcoming shopping sales for Diwali, Dussehra and Christmas. IPL and ICC T-20 World Cup will further improve consumer sentiment this year. According to a survey conducted by The Trade Desk and YouGov, 82% of consumers shopped online at least once a month in the past six months, and nearly one in four made online purchases several times a week or more often. Titled ‘<a href="https://pages.thetradedesk.com/rs/527-INM-364/images/TheFestiveSeasonPulse2021.pdf">The Festive Season Pulse 2021</a>,’ it further said that 91% of Indian consumers are planning a purchase during the upcoming festive season and six in 10 are interested in learning about new brands during festive season sales. To leverage this uptick in consumer sentiment, the e-commerce category is all set to begin its festive marketing blitz and is preparing to line up big discounts for the season in a few weeks. For this 30-day period leading up to the festive season, leading fashion e-commerce platform <keyword id="319719" type="General" weightage="20" keywordseo="myntra" source="Orion">Myntra</keyword> has planned ‘Big Fashion Festival,’ which will be followed up with Myntra Diwali Sale, with a focus on ethnic wear. It will also be focusing on emerging categories like Beauty and Personal care, kidswear and categories such as innerwear and essentials which have experienced tailwinds post-Covid. Myntra’s Chief Business Officer, Ayyappan Rajagopal said, “We are expecting this festive season to be bigger than last year with more customers using online channels to make their purchases. Demand usually peaks in the 30 days leading to Diwali and we expect this year to be no different. In fact, the demand in the 2 months leading to the festive season is expected to be far more than last time (because people have learnt with time to adapt to a pandemic world). We expect high demand from across geographies and markets - metros, Tier 1, Tier 2, T3 cities and beyond. To cater to that, we have built the right ethnic wear, beauty, and home selection, and have partnered with brands on best deals. Hence, to leverage this demand and provide best value to our customers, we are organizing Big Fashion Festival and Myntra Diwali Sale to make this season a resounding success.” Right on the heels of the festive season, Myntra ramped up its marketing game by onboarding Hrithik Roshan, Vijay Deverakonda and Dulquer Salmaan as its newest brand ambassadors, alongside the existing celebrity ambassadors Kiara Advani, and Samantha Akkineni. Now, it is hoping to double its customer base and cater to Gen-Z shoppers with its high-decibel marketing. “With the optimism coming from recovery from Covid and revival in shopping sentiments along with the habitualisation of digital foray across all customer segments, we see a lot of new customers shopping during this festive season. We have also seen trends in Metro/T1 markets where Myntra has been traditionally strong, pointing towards such a revival. With a positive overall sentiment, we will be looking at doubling our customer base during this period. There will also be an added focus towards expanding our footprint in southern markets, deeper penetration into Tier 2 / 3 towns and exploring customer addition through emerging categories like Kids wear, Inner wear, fashion accessories, Beauty and persona care, etc. The greatest focus will be on Gen-Z cohort of shoppers,” shared Rajagopal. E-commerce platforms are also focusing on bringing more personalisation and curation to customers shopping online through greater tech and marketing integration. More and more e-retailers are exploring social commerce, turning their apps into super apps by bringing content, products and trends under one roof for consumers to watch and shop at once. D2C fashion platform Bewakoof.com that recently raised Rs 60 crore in an investment round led by InvestCorp, IvyCap and Spring Marketing Capital, is expecting to Rs 120 crore in brand sales this quarter. It recently rolled out celebrity-led digital campaigns with Rajkummar Rao, Sanya Malhotra and Farhan Akhtar. It plans to further build its market presence by signing more A-list celebrities to its roster and launch a 360-degree campaign by October. On the technology side, the company intends to launch a gamification-led loyalty program as it upgrades its Bewakoof Tribe with new and exclusive launches for the club members. Sharing the platform’s festive plans further, Prabhkiran Singh, Founder CEO, Bewakoof.com said, “Post pandemic, we saw a strong recovery and growth in certain categories like casual wear and leisurewear because of customers staying at home and with the pandemic slowing down, we expect a strong recovery in categories like ethnic wear, bags, accessories, etc in the festive season ahead. We’re also looking to capitalise on winter wear more this year than usual with winter around the corner and have put in investments accordingly. We expect our brand sales to be Rs 120 crore for the festive quarter.” For Bewakoof, the northern and western markets see the highest demand, followed by West Bengal and Assam because of Durga Puja. Currently, over 6 million customers visit Bewakoof.com every month. Singh told us that the festive season serves as a crucial window in the year for new customer acquisition and bringing back customers that haven’t shopped again for a while. The platform is also planning on increasing its marketing spends this festive. “For this year, 15% of our total marketing budget will be spent for the upcoming festive season.” We’re in the process of rebranding Bewakoof in the next 1-2 months and we’ll have a new look, logo, tagline along with a new set of celebrities that will endorse Bewakoof so we’re excited to roll this out and create buzz around it along with backing it up with top-funnel marketing investments. We plan to go heavy on top-funnel marketing investments starting October,” said Singh. E-retail platform OLX has upped its UI to woo its customers, digitising the entire process of online retailing, including verification of all its premium items. OLX Autos launched a verified inventory of cars with a new interface, which provides a detailed history of the car right from the ownership period all the way up to the service history of the car, and access to a host of financing options and after-sales products like insurance and warranty. As a result, OLX has witnessed a surge in demand for pre-owned cars. Sapna Arora, CMO, OLX India said, “Green shoots are already visible in the used car retail segment. The demand for pre-owned cars has been 25% higher than the pre-Covid levels while there has been an 82% plus growth in demand for pre-owned smartphones. Our goods category has also witnessed a strong rebound, as demand and supply have gone up by an average of 68% and 25%, respectively, compared to pre-Covid levels. The upcoming festival season is important for us as we expect the gap to be narrowing down between pre and post-Covid levels. There has been a strong uptake of e-commerce across regions, especially in Tier 2 and Tier 3 cities, with consumers there making the greatest shift to online shopping. We will continue to focus on the pre-owned auto segment and are expecting to surpass the demand this festive season.” At an industry level, Arora told us that e-commerce players are leveraging on hyper-personalisation to create individualised experiences on the platform and AI-powered chatbots are being implemented by the online retailers to bring customers close to an offline retail experience with a high engagement rate. Sharing OLX’s plan, Arora added, “This festive season we plan to use innovative solutions via relevant messaging at different levels of the retail journey. Our consumer base is growing organically. During this year’s lockdown, a lot of people moved online and we saw growth, about 30% more daily active users (DAUs) from our previous pre-Covid peak. In the festive season, our huge inventories across segments will contribute to increasing the DAU’s on the platform.” As per Nielsen India’s E-commerce Consumer Panel (E-Analytics Solution), there was a double-digit increase in average spend of online shoppers for electronics and accessories (39%), mobile and accessories (12%), and fashion, including apparel, footwear, and accessories (10%) after the pandemic. Appliances (e.g.TV, WM, refrigerators, etc.) also saw notable shopper spending increase at 9%. E-commerce giant Amazon is also ramping up its product range for the festive season. “Together with thousands of small &amp; medium business and brand partners, we continue to offer our customers the widest selection, convenience, and fast delivery. We are humbled by how millions of Indian customers have made us a part of their daily lives. Also, customers continue to believe that online shopping is the safest way to shop which has been reflecting in all the recent events of Amazon like Prime Day 2021, Great Freedom Festival, Rakhi Store, Onam store and so on. This festive season is not a normal one for reasons we all know and our success metric would be focused on how we can make our sellers successful. Customers can look forward to shopping from a wide selection of products across categories like Home &amp; Kitchen, Fashion &amp; Beauty, Appliances and Smartphones, Grocery essentials and more from the comfort and safety of their homes," said an Amazon India spokesperson. This growth trajectory of e-commerce platforms in India testifies how customers are increasingly recognising the importance of comfort shopping within closed doors, and after seeing their businesses take a plunge in the first three months of the lockdown, more and more sellers are also coming online.

This festive season, e-commerce platforms are betting big on Tier II and III markets, which are likely to contribute $150 million to e-commerce growth this year

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Domestic firms to lease 60-65 million sq ft office space by 2025: CBRE report

ANI

Fyre Festival II has no lineup, no location, and no actual date — but mastermind Billy McFarland insists it's still happening

Palmer Haasch,Olivia Singh

Drone player Garuda Aerospace raises $22 mn from SphitiCap & others

IANS

Canara Bank to raise up to ₹ 2,000 cr via Basel-III Tier-II bonds

IANS

Usha International bullish in Tier II, III, rural markets

PTI

Fyre Festival II has no lineup, no location, and no actual date — but mastermind Billy McFarland says tickets are already selling out

Palmer Haasch

Icra, Care cut ratings on Yes Bank's upper tier-II bonds

PTI

Pizza Hut plans to considerably increase its footprint in India in the next five years with a focus on Tier II & III cities

BI India Partner

This year, we will focus on ensuring the best-in-class regional content library and technology on the platform and aim at going deeper into Tier II & III markets: Manish Kalra, Zee5

Samarpita Banerjee

This festive season, e-commerce platforms are betting big on Tier II and III markets, which are likely to contribute $150 million to e-commerce growth this year

Karuna Sharma

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