DMA raises Rs 22 crore, set to go live in Jan
DMA plans to use the funds to scale up product development and branding, create awareness about its key offerings, followed by an upcoming launch in the Indian e-commerce space.
Delhi pollution: Eateries and malls too finding it difficult to breathe in Delhi-NCR
The eating out and entertainment industry has seen an 8-...
Realty hot spot series: Proximity to IT hubs, malls is the main draw of this Bengaluru locality
This locality has emerged as a significant in...
Convenience fee on internet ticketing, catering drove IRCTC top line growth in H1: MP Mall
New products will give really good dividend two-three years down.
When NY fashion comes calling: Kenneth Cole debuts in India; Mumbai store promises a powerful dose of retail therapy
The global fashion brand has opened its first flagship store in India at Infiniti Mall, Malad.
Riot police storm Hong Kong malls to nip more protests
There were calls online urging protesters to gather in seven locations to sustain a push for political reform following a chaotic day of protests and clashes with police on Saturday, with the anti-government movement showing no signs of letting up after nearly five months. Most of the rallies didn’t pan out Sunday as scores of riot police took positions.
PVR enters Sri Lanka with a 9-screen property
PVR has collaborated with the Shangri La Group to launch the new nine- screen property, which includes two luxury cinema formats – PVR LUXE and one kids’ format PVR Playhouse. Sanjeev Kumar Bijli, joint MD, PVR, said that the market dynamics in Sri Lanka are very similar to that of India, which helped the company to decide on the market.
Paytm Mall’s losses contract 35% in FY19, revenue up 25%
While Paytm’s e-commerce unit was able to show a marked reduction in losses in FY19 while still growing revenue, the Softbank-backed company lags larger industry rivals- Flipkart and Amazon in terms of earnings.
Nexus, Prestige in talks to merge mall business
Talks between Nexus malls and Prestige to merge the mall business in order to create the largest mall operator in the country is in its initial stage. If talks fructify, the combined entity could get enlisted as a real estate investment trust.
Ultra-luxury Diwali gifting loses sheen this year
On a weekday, just weeks before Diwali, Chanakya luxury mall in New Delhi’s diplomatic enclave illustrates the prevailing sentiment. Hardly any customer is seen carrying shopping bags that are common before the biggest festival.
Paytm Gold can now be redeemed at jewellery stores
This is a part of Paytm Mall's overall O2O strategy and it has collaborated with Kalyan Jewellers, Malabar Gold & Diamonds, PC Jeweller, Senco Gold & Diamonds and Caratlane to enable users to purchase jewellery by redeeming their accumulated gold.
Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma
"Paytm Mall business is close to break-even, USD 3 million EBIDTA loss a month and USD 1.2-1.3 billion run rate. In a day, we do 275,000-300,000 orders a day."
A cut above the rest, Zara now keen to cut mall rentals to size
Zara seeking reduction in revenue-share deals and either lower or total waiver of common area maintenance (CAM) charges.
Investors have reposed tremendous faith in us and we would like to repay it: IRCTC chairman
In future, there will be two private trains and maybe we will request railways for another route also.
Why foreign fashion companies are increasing their store sizes in India
Nike is more than tripling some of its store sizes to 3,000-5,000 square feet, as is Levi’s, which is expanding to 3,000 sq. ft. Market leader Zara is asking malls to double its space to 25,000-30,000 sq. ft. Benetton has identified 20 top locations in the metros to expand its outlets.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service