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Delhi-NCR, Kolkata, Bengaluru experience drop in demand for warehousing spaces in Jan-Jun; Chennai sees 3-fold jump: Vestian

TFW Bureau Aug 20, 2024 - 2 min read

Delhi-NCR witnessed a 77 per cent decline in leasing of warehousing and logistics spaces during January-June this year, while Chennai saw a 3-fold jump in demand, according to real estate consultant Vestian. As per Vestian’s latest Warehousing and Logistics Sector review for January-June 2024, the absorption of warehousing and logistics spaces in January-June across seven ...

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Merger of TCNS Clothing into Aditya Birla Fashion and Retail approved by the NCLT

TFW Bureau Aug 20, 2024 - 1 min read

Aditya Birla Fashion and Retail Ltd (ABFRL) says the National Company Law Tribunal (NCLT) has approved the merger of the company with TCNS Clothing. The merger has been approved under a Scheme of Amalgamation by way of Merger by Absorption. The order, pronounced on August 2, 2024, was officially sanctioned by NCLT, with ABFRL confirming ...

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Bata eyes festive season boost, expansion as e-commerce drives growth

TFW Bureau Aug 20, 2024 - 3 min read

Terming “sluggish consumption” as “temporary”, leading shoemaker Bata expects a revival in coming quarters, helped by festive season demand and retail expansion, according to its India chief executive director Gunjan Shah. The company expects e-commerce, which is now a “profitable” and “viable” business, to be its growth driver as it has been expanding online sales ...

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Manyavar expands in UAE, opens new store in Dubai

TFW Bureau Aug 19, 2024 - 1 min read

Vedant Fashions Limited’ flagship brand Manyavar is expanding in the middle East market with the opening of a new store. The grand announcement was made by one of company’s top executive in a social media post. The new store is located in Silicon Central Mall in Dubai and marks a significant milestone for the brand ...

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Burger King Loses Trademark Battle in Pune

TFW Bureau Aug 19, 2024 - 3 min read

US giant Burger King Corporation has lost a 13-year-old legal battle against its namesake eatery in Maharashtra's Pune after a district court here dismissed a suit filed by the company alleging trademark infringement. Pune district judge Sunil Vedpathak, in the order on August 16, said the city-based eatery 'Burger King' ...

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Gujarat gets its first PVR IMAX

TFW Bureau Aug 16, 2024 - 1 min read

Gujarat’s first PVR IMAX has opened in Ahmedabad. It the largest PVR IMAX and is located in the Palladium Ahmedabad. The information was shared on social media by a top executive of Phoenix Mills Ltd., which operates 13 malls covering 8.82 million sq. ft. across the country. “Gujarat get its first IMAX. PVR IMAX Largest ...

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