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By Vanshika Lodhi, Mahita Jain, Sidharth Badlani, Avinash Ram
| Business Upturn Verified
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91Springboard builds 32,000 sq. ft. coworking facility in Pune

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By Avinash Ram
| Business Upturn Verified
Co-working space supplier 91Springboard said on August 30 that its new facility has opened in Pune, the hub of Maharashtra’s IT industry, more precisely in the Baner micro market. 32,000 square feet make up the facility. According to a statement from the firm, the facility at Baner’s Sadanand Business Centre, which is just 10 minutes from Balewadi High Street and directly on the Mumbai-Bengaluru motorway, has seating for over 800 members.
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US GDP growth for Q2 lowered to 2.1%

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By Avinash Ram
| Business Upturn Verified
According to the Bureau of Economic Analysis, the first estimate for the second quarter GDP growth in the United States was 2.4 percent, however this estimate has now been revised down to 2.1 percent annualised. The Q2 growth rate is now at 2%, which is similar to the Q1 2023 growth rate. The negative revision is mostly due to lower expectations for business expenditures, which is only somewhat offset by an increase in forecasts for state and local government spending.
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