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Lulu Mall Lucknow Celebrates 2nd Anniversary, records over 3 cr Footfall in Two Years

TFW Bureau Jul 25, 2024 - 1 min read

Lulu Mall Lucknow, one of Lucknow's largest shopping and family entertainment destinations, in Uttar Pradesh recently celebrated its second anniversary. Inaugurated in 2022, the mall has welcomed approximately 3 crore visitors to date. It features over 200 stores and more than 300 renowned brands and is spread over 2.2 million sq. ft. in area. Lulu...

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MakeMyTrip posts Q1 FY25 results, net profit jumps 12.9% to $21 million

TFW Bureau Jul 25, 2024 - 1 min read

MakeMyTrip has posted its Q1 FY25 results and has reported a 12.9 per cent year-on-year rise in its net profit which now stands at $21.0 million. The company had reported a net profit of $18.6 million during the same period last year (Q1FY24). The company's revenue as per IFRS grew by 31.4 per cent YoY...

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Preity G. Zinta and Shubman Gill Invest in Drive Fitt; Gym Targets 300 Franchises Across India in Three Years

Beny Sachdeva Jul 25, 2024 - 2 min read

Drive Fitt, an innovative 24/7 gym chain co-founded by Mark Sellar and Deke Smith is thrilled to announce the upcoming launch of its inaugural facility in Gurugram, set to open in the fourth quarter of 2024. Bollywood Star Preity G. Zinta, along with Indian cricketer Shubman Gill, has invested in Drive Fitt as the Gym aims...

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Budget 2024: Infrastructure Initiatives Lauded by Tourism Industry, Tax Issues Remain Unresolved

TFW Bureau Jul 24, 2024 - 3 min read

Focusing on spiritual tourism, Finance Minister Nirmala Sitharaman laid out a robust plan for India’s travel and tourism sector; aiming at transforming many well-known domestic destinations into buzzing tourist attractions in the Union Budget 2024 presented on July 23, 2024. Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited (Thomas Cook, SOTC, Sterling Holidays and TCI),...

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Bikanervala Celebrates Milestone with 200th Outlet in Hyderabad

Beny Sachdeva Jul 24, 2024 - 1 min read

Bikanervala is thrilled to announce the opening of its milestone 200th outlet in the vibrant city of Hyderabad, located in Aramghar, Rajendra Nagar. For decades, Bikanervala has been synonymous with the finest Indian sweets, snacks, and hospitality, and this new outlet stands as a testament to the brand's commitment to bringing authentic flavors and memorable...

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Miniso expands retail footprint, opens 15 new stores in last 45 days

TFW Bureau Jul 23, 2024 - 1 min read

Miniso, the well-known international product retailer, is expanding its retail footprint across the country. The brand has announced opening of 15 new stores in the last 45 days. The announcement was made by a senior company official on social media. New locations include places of high footfall like The Mall of Dehradun and Address One...

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Opportune moment for Franchising as Government Budget Brings Major Boost to MSMEs and Youth

TFW Bureau Jul 23, 2024 - 2 min read

It's an opportune moment for franchising as the Finance Minister announced a budget with a strong emphasis on employment, skilling, MSMEs, and the middle class. "Turning attention to the full year and beyond, in this budget, we particularly focus on employment, skilling, MSMEs, and the middle class," said the Finance Minister Nirmala Sitharaman. Highlights &...

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Energy Efficiency Services Ltd to launch retail franchisee shops called 'Urja Dakshta Dukan'

TFW Bureau Jul 22, 2024 - 1 min read

State-owned Energy Efficiency Services Ltd (EESL) will soon introduce retail franchisee shops called 'Urja Dakshta Dukan' which will offer affordable energy-efficient products like LED lights, ACs and fans to consumers, a senior official said. EESL, at present, distributes products through retail tie-ups with power distribution utilities to consumers. Buyers can also purchase the products online...

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5% growth in retail sales in June 2024 vis-à-vis June 2023: RAI report

TFW Bureau Jul 22, 2024 - 1 min read

According to a recent survey by the Retailers Association of India (RAI), retail sales in June 2024 showed a growth of mere 5% as compared to the sales in June 2023. Retail businesses across regions have indicated growth in sales compared to June 2023, with South India showing the highest increase at 7%, followed by...

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Jumboking Targets 18 New Stores in Bengaluru and Hyderabad by 2025

Beny Sachdeva Jul 19, 2024 - 1 min read

Jumboking, with 160 + stores across Mumbai, Delhi, Hyderabad, and Pune is keen to strengthen its presence in Bengaluru & Hyderabad. The brand has recently opened one store in Bangalore and two more are in the pipeline. Jumboking reported sales of Rs 110 crore in the last fiscal year, making it India's third-largest burger chain...

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