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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INORBIT adds new brands to its portfolio

Inorbit mall has strengthened its retail mix with new brands across categories like apparels, footwear, cosmetics, home décor, food and entertainment. Inorbit mall which is present in Mumbai (Malad & Vashi), Bangalore, Hyderabad and Vadodara is now home to the much awaited brands that customers have been eagerly waiting for. In Mumbai, Inorbit Mall Malad has recently opened food joints like Haagen Dazs, Butter Chicken Factory and Tea Villa Café to satiate the taste buds of every Mumbaikar. Brands like Nykaa cosmetics, Kama Ayurveda and Innisfree too have joined the brand wagon of the…

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Reliance can be India’s answer to Alibaba, Amazon

According to a recent report by global financial firm UBS, Reliance Industries has the wherewithal to emerge as a consumer gaint like Amazon or Alibaba. The agency has unveiled a 100-pager report which strongly underlines that the company is heading in the direction of becoming market leader in telecom and media and will also gain a significant share in retail and e-commerce businesses. “Its success could be built on an ecosystem or bundling strategy, and a home-court advantage, similar to Alibaba’s success in China, beyond explicit or implicit policy support,”…

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DB Schenker partners with Magento to boost e-commerce offering

Global logistics major DB Schenker has announced a new strategic partnership with Magento, one of the world’s leading providers of e-commerce platforms, to equip small and mid-size merchants with a powerful new extension. Combining DB Schenker’s fulfilment experience with global logistics markets with the powerful customization and flexibility of the Magento e-commerce platform will provide retailers a seamless connection between the front-end and back-end on a global scale. Being available through Magento Marketplace, the extension promises to deliver a quick, convenient and cost-efficient way to connect web shops and warehousing…

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No deadline for implementation of e-commerce policy

Even as the government has tightened the noose on the functioning of leading e-commerce platforms in the country and is further evaluating the proposition of bringing in place a dedicated e-commerce policy, it is not looking at a specific timeline for its implementation. In a written reply made in the Rajya Sabha recently, the Minister of State of Commerce and Industry, C. R. Chaudhary maintained that the government is evaluating the recommendations made by the task force to draft a national e-commerce policy. The task force, set up early last…

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