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Innovations by next-gen entrepreneurs will make India model globally successful: Report

India's online retail market is also set to become the third-largest globally, after the US and China, with annual gross merchandise value (GMV) touching USD 55 billion in 2021, and USD 350 billion by 2030, according to a report by...

Fabindia rallying for IPO: Reports

Leading fashion and home products retailer Fabindia, which currently owns 311 retail stores across India and 14 stores overseas, is eyeing funds and big valuation through IPO. Fabindia Overseas Pvt. Ltd is known for its unique basket of ethnic apparel,...

Phoenix Mills vaccinates 15,000 personnel

Leading retail-led mixed-use asset developer and operator The Phoenix Mills Limited (PML) has organized one of the biggest vaccinations drives covering its employees, their family members, retail staff, contractual staff and third-party associates. The drive runs across PML’s pan...

Pacific Mall Tagore Garden kickstarts drive-in vaccination facility

Pacific Mall Tagore Garden and Sri Balaji Action Multi Speciality Hospital have joined hands for a month-long drive to vaccinate Delhi residents with Covishield vaccines priced at Rs.780 per dose. This makes Pacific Mall the Capital’s only drive-through facility...

SCAI demands financial relief from Karnataka government

The Shopping Centres Association of India (SCAI) today reached out to the Karnataka Government with an appeal to give parity and level playing field while opening business across the state. In a letter to the Chief Minister Shri. B.S....

The Phoenix Mills Ltd., CPP Investments to develop Kolkata retail centre

Leading retail real estate company The Phoenix Mills Limited (PML) and Canada Pension Plan Investment Board (CPP Investments) have announced the execution of definitive documents for a new joint venture to develop a regional retail centre in Alipore, Kolkata. CPP...

Retail rentals on major Indian high streets in correction mode: Report

With COVID-19 wreaking havoc in the country, average monthly rentals across the key high street markets in top cities witnessed some corrections. As per recent data by ANAROCK Research, the iconic retail hub in Delhi – Khan Market –...

Beverages Category to grow 20-25% this year: Rising demand for better-for-you, functional & nutritional drinks

In India, as in the world over, there is a noticeable trend towards healthier products across all sectors, not just beverages. Indians are now well travelled and well informed thanks to the Internet, and they are asking for healthier...

Mall developers remain steadfast on collaboration, digital innovation to ride out Covid-19 resurgence

Even as Indian retail real estate and retail sectors were on verge of recovery and normalcy with business back to 80-90 percent of pre-pandemic levels, a devastating second wave of the Covid-19 pandemic has brought back the horrors of...

Privately-owned new umbrella entities to disrupt retail payment space in India: Report

The approval of new umbrella entities (NUE) licensing by the Reserve Bank of India (RBI) will lead to increased private participation in the Indian digital payments space, which is currently dominated by state-owned National Payments Corporation of India (NPCI)...

Direct-to-consumer offers new opportunities to APAC retailers amidst COVID-19 scenario

The benefits offered by the direct-to-consumer (DTC) model make it very attractive and lucrative for both ‘well-established’ as well as upcoming retailers operating in the Asia-Pacific (APAC) region, especially amidst the current COVID-19 scenario, says GlobalData, a leading data...

Twin tasks for e-commerce: Keep workforce safe, deliver on time

E-commerce companies will have to steer through the twin challenges of delivering in time the expanding number of orders from customers and keeping their workforce safe over the coming weeks even as the number of COVID cases across the country continue...

Indian-origin billionaires Issa brothers buy UK fast food chain Leon

Indian-origin billionaire brothers Mohsin and Zuber Issa have acquired a popular British fast food chain, Leon, as part of what they described as their goal to grow their foodservice operations in Britain.The Issa brothers, whose parents moved to the UK from Gujarat...

Apparel startup Beyoung to invest $3.3 million in FY22, plans to hire 150+ employees

Youth apparel start-up Beyoung plans to invest $3.3 million for expansion of sales and is all set to hire of 150+ employees in FY22. The vision of this investment is to generate an exponential increase in operations as well...

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Bhima Jewellers: Shining Bright Since 1925

From Augmented Reality and virtual try-ons, 99-year-old Kerala-based Bhima Jewellers has moulded itself to stay relevant to today’s digital-savvy...
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