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Inditex’s Bershka to take on Reliance’s Yousta

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 deploys Rs 2,000 crore, launches Rs 1,000-crore fund

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

3PL’s share of online orders set to rise in 5 years: Redseer report

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 plans to invest Rs 500 crore in FY26 after putting Rs 300 crore in Mumbai projects

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 commits $200 million to Wipro Ventures

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

AI adoption picks up pace in APAC; 90% firms target 3-year timeline: Accenture

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

Flipkart’s zero commission sparks row

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

Summit season sees nearly Rs 100L-crore investment pledges by India Inc

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
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High demand for adventure, once-in-a-lifetime trips

If sixty is the new forty, the travel industry is making the most of it, offering curated packages for the sexagenarians, septuagenarians and even octogenarians. From cruises to skiing, Europe to Japan, there is something for everyone, even a trip to Antarctica. Booking.com’s Travel Predictions 2025 suggest baby boomers (those born between 1946 and 1964)

Zetwerk IPO at least 15 months away: CEO

Contract manufacturing marketplace Zetwerk Manufacturing Businesses is eyeing an initial public offering (IPO) within the next 15 to 24 months, a senior company official said. “I don’t know if it (IPO) will happen this year. We are looking to file. We are doing all the preparation work, but I think 15 to 24 months is

E-commerce under fire; uncertified products seized in BIS raids on Amazon, Flipkart warehouse

The Bureau of Indian Standards (BIS) has conducted raids on warehouses operated by major e-commerce platforms, including Amazon and Flipkart, resulting in the seizure of thousands of uncertified consumer products, according to the consumer affairs ministry. Key seizures from Amazon and Flipkart  On March 7, BIS officials raided an Amazon warehouse in Lucknow, confiscating 215

Marcellus’ PMS AUM nosedives 64% since Oct ’22 – What went wrong?

Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA

Silver ETF AUM crosses Rs 13,500 cr in 3 years, says Zerodha Fund House

Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12