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Nitesh Estates ventures into retail space with Nitesh HUB, Pune

Real estate group Nitesh Estates Limited, in partnership with global investment leader Goldman Sachs, has added a retail venture to its footprint of income-generating assets. They have recently acquired and re-launched a mall in Pune, now known as Nitesh...

Indian online space to breach USD100 bn mark by 2020: Report

Triggered by increasing internet usage, discounting and investment by online retailers, India's ecommerce market is expected to breach the USD100-billion mark by FY20, says a report by Goldman Sachs, revising its previous estimate. The overall online market, including travel, payments...

Pepperfry raises a mammoth Rs $100 mn to fuel expansion, technology

Leading Indian furniture and home products marketplace Pepperfry.com has reportedly raised $100 million in a fresh round of funding and has drawn up plans for aggressive growth and to create a robust technology team. The latest funding is the largest...

Azure Hospitality eyes pan India reach, raises Rs 65 cr from Goldman Sachs

Azure Hospitality, owner and operator of pan-Asian restaurant brand Mamagoto, has recently raised Rs. 65 crore from investment banker Goldman Sachs. The investment will be used to further expand Azure’s three restaurant brands throughout India and in select markets...

Ignore Parking Management At Your Own Loss

Unlike in the past, when mall owners and developers outsourced parking to car park operators, as they did not see it adding much value to their business, technology-oriented mall owners have started seeing definite value in investing in good...

Xander Finance Appoints Chief Financial Officer

The global investment firm, The Xander Group, has hired Rajeev Radhakrishnan as Chief Financial Officer of Xander Finance, their fast growing Indian NBFC. Prior to joining Xander Finance, Rajeev worked at Goldman Sachs for 8 years and held various...

Retail going backwards but news not all bad as penny drops

WHEN Woolworths boss Michael Luscombe warned last week that 2012 would be the retail sector's most challenging year, he wasn't kidding. While the sharemarket has factored in profit downgrades for retailers in 2011, deep sales discounting in July of...

Money’s on Coles to outpace Woolies

WESFARMERS' supermarket chain Coles is expected to again outpace arch-rival Woolworths in terms of sales growth for the fourth quarter, after Woolies boss Michael Luscombe warned of tough conditions in the retail sector. Woolworths this week reported a 4...

After Emporio, DLF dreams of another luxury mall

India’s biggest real estate developer, DLF, is planning to expand its luxury retail business. Having opened its luxury mall Emporio in the Capital about two years ago, DLF is exploring an opportunity to open a similar outlet in Delhi...

German mail order retailer Arcandor expects real estate sale by Christmas

German retail and mail order company Arcandor AG ( ARO.XE) expects the sale of its real estate portfolio by Christmas, Arcandor board member Peter Wolf told the media in Duesseldorf. He said the size and the complexity of the transaction...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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