Amazon getting ready for drone delivery

Five years after Amazon CEO Jeff Bezos had expressed his intent to kickstart drone driven deliveries to the consumers, the company now appears to be close to making it a reality. The company has created a sensation by revealing a new design for its Prime Air delivery drones which could be pushed into the services sometime later this year. Capable of vertical take off and landing, the prime air delivery drones can travel upto 15 miles and can carry consignments weighing less than 5 pounds. The air carrier of the…

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PE Inflows in Indian Retail double to $1.2 bn in two years

(Executive summary of a recently released report by Anarock) Further liberalization in FDI policies – 51% FDI in multi-brand retail and 100% FDI in single-brand retail under the automatic route (against the previous 49%) – has attracted major global PE funds to double their investments in the Indian retail sector. As per ANAROCK’s Private Equity in Indian Real Estate report, the total private equity inflows in the Indian retail sector between 2015-2018 stood at USD 1.84 bn. Of this, nearly USD 1.2 bn were pumped in between 2017-2018 alone.   US and Canada-based PE funds together invested more…

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INORBIT MALL, HYDERABAD BAGS THE BEST REORIENTATION SHOPPING CENTRE AWARD

Inorbit Mall, Hyderabad – the one stop destination for fashion, food and entertainment has another achievement to be proud of. Recently Inorbit Mall, Hyderabad won the award for “The Best Reorientation Shopping Centre of the Year Award” at the India Shopping Center Awards. Inorbit Hyderabad bagged the award for their recent upgradation and introduction of new brand mix. The India Shopping center Awards recognizes excellence in the business of shopping centers among various categories.

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Flipkart to invest Rs 5000 crore in logistics parks

Several recent media reports suggest that the Walmart– owned domestic e-commerce giant Flipkart is all set to invest a staggering Rs 5000 crore in creating large scale logistics parks across three locations in the country – Karnataka, Gurugram and West Bengal. The company is looking to acquire land parcels amounting 300 acres to set up the three units. According to a newspaper report, construction of its proposed West Bengal logistics parks will begin shortly. Flipkart’s closest rival Amazon is also working on improving and expanding its back-end infrastructure and is…

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Greater Noida (West) biggest mall to become operational by June

Gaur City Mall, slated to be the biggest mall facility in the upcoming residential hub (Greater Noida West) in Delhi/NCR is likely to become operational in June. The over 8 lakh square foot mall has been developed by Delhi’s leading realty firm Gaurs Group at an investment of Rs 750 crores. It’s a typical mixed land use project wherein the 20 floors facility will retail outlets on the first 5 floors followed by offices and service apartments and has signed up with Radisson Hotels for an upscale 180 key Luxury…

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Zorambo aims to set up 200 outlets in four years

Zorambo, the emerging Caftaurant chain was formally launched through its first premium outlet at Central Plaza, Golf Course Road, Gurugram last week.  The company is reportedly pursuing an aggressive growth plan, which will see an expansion scaling to 200 outlets in India, UK, Ireland, Germany and Singapore over the next 48 months and plans to hit the 5000 mark by end of 2030 via distribution led model. Zorambo is aiming at consumers who want to discover Indian street food gastronomy with a twist of fusion in the convenience of a…

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Vulcan Express founder to spearhead Future’s 7-Eleven business

Hardeep Singh, founder of Vulcan Express who had joined Future Group last year after the acquisition of his company, has been entrusted with the responsibility of spearheading the 7-Eleven retail stores business. Future Group had recently signed a deal with 7-Eleven retail stores, world’s largest convenience store chain, becoming its master franchisee in India. In a recent comment, Kishore Biyani, CEO of Future Group, said that the growth and expansion of 7-Eleven “will be a critical part of growing our food and FMCG brands and bringing new services, formats and conveniences…

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Flipkart introduces robot based sortation technology

To gain efficiency at its Soukya sortation facility in Bengaluru, domestic e-commerce major Flipkart recently introduced India’s first robot-based sortation technology, automated guided vehicles (AGVs). The new system entails over 100 robots now engaged in sortation exercise clearing as much 5,000 parcels every hour – a significant jump against 450 parcels sorted by humans. “The throughput which these (robots) are providing is almost 10x of what we would have achieved. These robots talk to each other in real time, whether it is to (prevent) collision or for workload distribution,” Pranav…

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Recent e-com funding bonanza to help supplychain improvement

In terms of fresh funding support, 2018 saw an influx of over $7 billion from PEs and Venture Capital firms to e-commerce and internet consumer companies in India and a substantial portion of this will be used for supplychain improvement. A recently released report by EY titled ‘E-commerce and Consumer Internet Sector India Trendbook 2019’ underlined that majority of the funding will be used for building supply chain, expanding new verticals and also for consolidation and acquisition.   In a cumulative sense, companies like OYO, Swiggy, PayTm Mall, Zomato, Udaan,…

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FIEO-eBay partnership to promote eCommerce exports

Apex industry body for exporters, the Federation of Indian Export Organisations (FIEO) and global e-commerce major eBay have joined hands to promote retail exports via eCommerce from India. The strategic tie-up, inked last week, is meant to stimulate the growth of Indian retail exporters by helping them sell online to eBay’s 179 million buyers worldwide and share knowledge of retail export trends. Dr Ajay Sahai, Director General & CEO, FIEO advised the exporters to take to aggressive marketing strategies and identify and adopt additional export sales channels like ecommerce to take on the…

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