PVR INOX, the largest and the most premium cinema exhibitor in India, on Thursday unveiled Bengaluru’s largest cinema at Phoenix Mall of Asia and its largest cinema in the South. T he 14-screen Megaplex located in the largest and one of the most premium malls in Bengaluru features three premium formats – MX4D, ScreenX, and […]
Swedish furniture company IKEA said on Thursday that it will close its shop in Mumbai’s R City Mall by the middle of the year owing to layout, design and location limitations. The 70,000-square-foot store, which debuted in June 2022, provides a limited variety of IKEA products, according to the release. “IKEA has taken a strategic business […]
The price of 24-carat gold witnessed a marginal decline, dropping by Rs 50 in the early hours of Friday’s trading session. According to the latest data from the Good Returns website, 10 grams of the precious metal are now priced at Rs 62,950. Conversely, the silver market saw a notable increase, with the price rising […]
Samsung said on Thursday a partnership with quick-commerce platform Blinkit to bring its recently introduced Galaxy S24 series to India. Customers in Delhi-NCR, Bengaluru and Mumbai may order Galaxy S24 Ultra, Galaxy S24+, and Galaxy S24 smartphones through Blinkit, and they will be delivered in less than 10 minutes, according to the official announcement. Along […]
Spicy ramen from South Korea is rapidly gaining popularity in India, surpassing the appeal of instant noodles. Following the success of South Korean dramas, beauty products, cars and electronics in the Indian market, Korean noodles have become the latest trend, evolving from a pandemic-induced fad into a lasting phenomenon. Recognising this shift, Indian fast-moving consumer […]
Demand for industrial and logistics spaces reached an all-time high in eight major cities last year, with leasing activity increasing by 8 per cent yearly, according to CBRE. According to CBRE’s most recent study, leasing of industrial and logistics spaces increased to 38.8 million square feet in 2023 from 36 million square feet the previous year, […]
Apple on Wednesday unveiled its newest office in Bengaluru, Karnataka. Nestled at the heart of the city in Minsk Square, the 15-storey facility is Apple’s latest effort at expansion in India. The Minsk Square office is equipped to house up to 1,200 employees, featuring dedicated lab spaces, collaborative areas and the renowned Caffe Macs. Its […]
Taiwanese electronics manufacturer Foxconn has invested USD 55.29 million in Bengaluru-based Foxconn Precision Engineering, a fresh capital made through the company’s Singapore-based subsidiary Foxconn Singapore. Foxconn Singapore has acquired 46,08,76,736 shares in total at Rs 10 each. The company’s Bengaluru unit was incorporated six months ago to set up a Rs 8,800 crore supplementary plant […]
The price of 24-carat gold saw a modest increase of Rs 110, reaching Rs 63,000 for ten grams, according to reports from the GoodReturns website. Meanwhile, the cost of silver also witnessed an uptick, climbing by Rs 1,000, with one kilogram now selling at Rs 78,500. For 22-carat gold, the rise was Rs 100, setting […]
The rating agency Icra expects the rental income for mall operators to increase by nine to ten per cent year-on-year (YoY) growth in FY2024 and eight to nine per cent in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations. In H1 FY2024, the rental income for Icra’s sample set1 […]
