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 […]
As the festive cheer of Diwali fades away, a concerning reality looms over Delhi — the national capital witnessed a significant breach of the fireworks ban, resulting in a thick layer of smog engulfing the city the very next day. Despite the ‘Diya Jalao, Patakhe nahi’ campaign by Delhi government and Supreme Court order restricting […]
Non-metro cities’ Micro, Small, and Medium Enterprises (MSMEs) are surpassing their metro counterparts in Diwali sales this year, with an estimated ecommerce opportunity of a whopping USD 13 billion for Indian MSMEs during the festive season, according to a report by tech-enabled logistics platform and unicorn, Shiprocket. The report suggests that 10-15 per cent of […]
The National Cooperative Consumers’ Federation (NCCF) has joined forces with the Open Network for Digital Commerce (ONDC) to make chana dal and onions more affordable for consumers in the Delhi NCR region, as per a media release. Chana Dal, a crucial dietary component for many households, is being offered in 2 KG lots at Rs […]
Delhi-NCR recorded an increase in retail leasing by 65 per cent YoY across investment-grade malls, high streets and standalone developments in Jan-June’23 says a report by CBRE South Asia. As per the report, the total leasing during this period stood at 0.70 mn. sq. ft. compared to 0.42 mn. sq. ft. in the corresponding period […]
Simpl, a merchant-first checkout network, on Thursday, announced its plan to onboard over 10,000 enterprises and direct-to-consumer (D2C) merchants from Delhi-NCR on its full-stack network over the next 3-4 years. According to the company, this move aims to bolster the city’s rapidly growing start-up ecosystem and cater to the evolving demands of customers across the […]
Indraprastha Gas Limited (IGL), which operates CNG stations across the Delhi-NCR, has decided to decrease the prices of CNG in the region from Sunday. Customers will now have to pay up to Rs 73.59 for a kg of CNG in Delhi, while it will cost around Rs 77.20 per kg in Noida, Greater Noida and […]
