Industry

Spanish retail major Inditex on Wednesday launched its youth-centric retail brand Bershka, its second-largest globally after Zara, in India, setting the stage for competition with Reliance’s youth-focused retail chain Yousta. The Bershka launch at the Phoenix Palladium Mall in Lower Parel, Mumbai, comes as Inditex, among the world’s largest fashion retailers with over $37 billion

Welspun One, the logistics and industrial real estate arm of Welspun Group, on Wednesday said it has committed the whole of its Fund 2, a Rs 2,000-crore fund, within eight months of its final close. The fund has invested the corpus across nine Grade A assets. Welspun said it is launching a co-investment programme, targeting

Third-party logistics players’ (3PL’s) share of e-commerce shipments, excluding grocery, will continue to grow in line with the growth in online shipments over the next five years, according to a report by Redseer. In FY24, this stood at $4.4 billion and is expected to rise by 30% to $15-17.5 billion by FY29, the report notes. 

WSB Real Estate Partners, a fund manager, has invested over Rs 300 crore in three property developers from its newly-launched ‘Mumbai Opportunities Strategy’. The fund manager does early-stage pre-approval deals, which banks and non banking financial companies are barred from doing, but alternative investment funds are allowed. The funds have been raised from multiple investors

Wipro plans to invest $200 million to its venture arm, Wipro Ventures, in its latest round of funding to accelerate the focus on early- to mid-stage startups. This is the fourth round of investment raised by Wipro Ventures since its inception in 2015.  This brings Wipro Ventures’ total investment to $500 million and will be

Companies across the Asia-Pacific (APAC) region are accelerating their adoption of artificial intelligence (AI) to drive productivity and revenue growth, with nine out of ten organisations planning to implement agentic AI models within the next three years, according to a study by Accenture.  However, despite this rapid adoption, most organisations are yet to operationalise responsible

Several sellers of Flipkart are up in arms over a recent practice adopted by the e-commerce major, which they allege offers preferential treatment to a group of big sellers, referred to as alpha sellers, in terms of pricing of their products and commission rates. The sellers have alleged that the practice, which in trade terms

On Tuesday, Madhya Pradesh concluded a two-day global investors’ summit and proudly announced investment pledges worth Rs 26.61 lakh crore by global and domestic companies. That is precisely double the size of the state’s gross domestic product (GDP). Late January, Odisha, one of the mineral-rich states in the country that is betting big on its