Samsung India on Wednesday inaugurated its largest Premium Experience Store in Telangana at the Inorbit Mall in Hyderabad. The new store highlights Samsung’s entire product ecosystem through exciting zones around Samsung’s connected ecosystem SmartThings, smartphones, laptops, audio, gaming and lifestyle televisions. The store also has a Bespoke DIY Customisation Zone where consumers can personalize their […]
The rental income of malls is expected to increase by eight to ten per cent year-on-year (YoY) in the financial year (FY) 2024, said the rating agency Icra. Icra expects the credit profile of the mall operators to remain stable driven by healthy net operating income (NOI), moderate leverage and healthy debt coverage metrics. Across […]
Newland AIDC – an auto-identification company has recently launched its exclusive Portable Data Collector– MT37 specifically for the Indian retail segment for smarter inventory management. “Indian retail industry accounts for over 10 per cent of the country’s GDP. Though India is the world’s fifth largest global destination in retail space, the sector is predominantly unorganized […]
China’s industrial outcome grew 3.5 per cent in May, compared to the previous year, official data showed on Thursday, reported news agency Reuters. According to the report, May’s growth was labeled the slowest growth since February. Analysts surveyed by Reuters had predicted output growth to cool to 3.6 per cent from 5.6 per cent in […]
The shares of V-Mart Retail reported an increase of 6 per cent due to speculation of a bulk deal. The company’s share price was at Rs 2,100. According to reports, approximately 5.8 lakh shares, equivalent to around 3 per cent of the company’s equity and valued at Rs 116 crore, were traded at Rs 1,990 […]
CoutLoot, an online non-grocery retail aggregator, has expanded offline. The retail tech player has opened its first store in Mumbai. The company plans to open 50 stores by the end of this year in UP, Maharashtra, Gujarat, and Delhi where it will transform and standardize the existing small retail shops selling unbranded merchandise which are […]
Retail inflation in India further eased sharply in May to 4.25 per cent, hitting a two-year low. It was at 4.7 per cent in April and 5.7 per cent the previous month. The inflation index for rural and urban was 4.17 per cent and 4.27 per cent, respectively. The sub-index for oils and fats, fruits […]
Amazon India announced the launch of a ‘Yoga store’ which includes Yoga essentials from Indian sellers. “The store not only extends an opportunity for customers to adopt a healthier lifestyle but also aims to boost the growth of emerging Indian brands and manufacturers in the health and fitness category,” the company said in its official […]
The Aditya Birla Group on Tuesday said that it has entered into jewellery retail business with an investment of Rs 5,000 crore. This marks the conglomerate’s third major venture into a new business within the past two years, following its expansion into paints and B2B e-commerce for building materials. The conglomerate revealed that the new […]
To mark World Environment Day 2023, Westlife Foodworld, owner and operator of McDonald’s restaurants in West and South India will progressively install rooftop solar panels on one-third of its new restaurants in FY24. This move is part of the company’s goal to increase the use of renewable energy., according to an official statement. In the […]
