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Retail space demand in shopping malls rises 15% in Apr-Jun

TFW Bureau Jul 19 2024 - 2 min read

Leasing of retail spaces in shopping malls rose 15 per cent annually during the April-June period to 6.12 lakh square feet across eight major cities on better demand from retailers, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield India data showed that the demand for retail space on major high streets across ...

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Lenskart Raises Nearly $20 Million with Major Contributions from Co-Founders Peyush and Neha Bansal

TFW Bureau Jul 18 2024 - 1 min read

Eyewear retailer Lenskart has secured nearly $20 million in funding from its co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi. This marks their second investment in the company within the past seven months. According to a regulatory filing accessed from the Registrar of Companies (ROC), Lenskart's board approved a special resolution to issue ...

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PC Jeweller to raise Rs 2,705 cr via warrants; promoters to infuse Rs 850 cr

TFW Bureau Jul 18 2024 - 3 min read

Promoters will infuse around Rs 850 crore into the company by subscribing to warrants issued by the company. In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants. “The funds will be utilised ...

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Budget FY25 should focus on tax relief to boost consumption: India Inc

TFW Bureau Jul 12 2024 - 3 min read

The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government. The industry also ...

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India to be high-growth market for many years: PepsiCo Chairman and CEO Ramon Laguarta

TFW Bureau Jul 12 2024 - 3 min read

PepsiCo reported a double-digit increase in beverage volume and convenient foods unit volume in India for Q2 2024, contributing to a 2% overall rise in the AMESA region. Laguarta noted that India's potential remains massive over the next decade, with continuous investments in brands and infrastructure. Despite challenges in other regions, India, alongside other developing ...

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Burger Singh's New Move: Airports in Tier 2 & 3 Cities

TFW Bureau Jul 11 2024 - 2 min read

Burger Singh, India’s largest homegrown burger chain, has recently inaugurated its first airport outlet at Swami Vivekananda Airport, Raipur, after successfully launching a dine-in outlet at Tatibandh, Raipur in May 2023. This move is part of Burger Singh’s strategic expansion into the airports of Tier 2 and Tier 3 cities, supported by existing outlets and ...

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