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Logistics & Retail

Singapore-based Ascendas-Singbridge Group and Temasek Holdings, a global investment company, have committed to infuse Rs 2,000 crore in logistics and industrial real estate in key locations across India. Investment will be made following the recent establishment of Ascendas-Firstspace, a joint venture between Ascendas-Singbridge and Firstspace Realty. JV will deliver sate-of-the-art logistics and industrial facilities across […]

Even after acquiring India’s largest ecommerce company Flipkart, Walmart will stay away from applying to invest in a food-only retailing venture in the immediate future that will allow the US giant to stock and sell groceries directly to consumers through the online platform. Walmart would rather have a presence in the food products market through […]

Naaptol, a home shopping company, has launched its 1st franchise store of Telangana in Hyderabad, in an attempt to create more customer touch points across the country and further bolster its offline presence in country. Yusuf Khan, CFO, Naaptol, inaugurated the store in Ameerpeton Sunday. Naaptol is seeking to integrate touch points between desktop, mobile, […]

Even after acquiring India’s largest ecommerce company Flipkart, Walmart will stay away from applying to invest in a food-only retailing venture in the immediate future that will allow the USA giant to stock and sell groceries directly to consumers through the online platform. Walmart would rather have a presence in the food products market through […]

Avvashya CCI Logistics (ACCI), a subsidiary of Allcargo Logistics, is planning to invest around Rs 60 crore in setting up an auto engineering parts warehouse in Assam in the next 2 years. Company has a pan-India network of warehouses and focuses on industry verticals such as chemical, food, pharma, auto, engineering, retail, fashion and e-commerce. […]

Grocery bills are set to shrink in India’s top metros as Flipkart prepares to take on wellentrenched rivals in the high-stakes category including Amazon India, BigBasket and Grofers within days of its $16-billion acquisition by Walmart. Online retailer aims to launch grocery services in five cities by July, according to two people familiar with its […]

Future Group is planning to open 10,000 small stores as part of strategy of growing revenues from smaller format stores more than ten times, to Rs.60,000 crore from about Rs.5,000 crore at present. Company is also planning open small-format ‘Easyday’ branded stores in the range of 2,500 square feet, and the membership-based format plans to […]

UrbanClap, a mobile-based services platform, has teamed up with Ikea as the furniture assembly service partner for a project in Hyderabad. Furniture retailer will soon be opening its first store of about 4,00,000 square feet. Through this collaboration, consumers purchasing a select range of Ikea furniture from the store will be able to book furniture […]

e-commerce giant to break out of smartphone shell. It took a $16-billion stake sale, a change in the top management, and an entry of the largest retail giant in the world for Flipkart to alter its game plan. Realising that just concentrating on smartphones and the assorted electronics segment would not give it repeat customers […]

Ratan Tata-backed Snapbizz, a retail technology start-up, has partnered Israeli start-up Stamp.ee to help brands come up with personalised promotional offers at kirana stores. Kirana stores, or local groceries, that employ the technology can run digital promotions and loyalty programmes at no additional cost. Bengaluru-based company will first roll out the solution at stores in […]