Wednesday, Feb 12 2025 | Time 09:47 Hrs(IST)
image
Business Economy


DLF holds first ever New Retail Summit in Delhi

New Delhi, Mar 25 (UNI) Real estate major DLF on Sunday hosted the first ever
New Retail Summit here in collaboration with the PHD Chambers and Signcatch.
The Indian Retail Industry has emerged as one of the most dynamic and fast-paced
industries in modern India's history. Providing a play-field to several new players, it
accounts for over 10 per cent of the country's Gross Domestic Product (GDP) and around
8 per cent of the employment, the company said.
The sessions highlighted the changing landscapes and disruptive impact of smart technology
on brick and mortar businesses globally and featured various discussion panels with experts
across various sectors. The panellists also focussed on the challenges faced by the retail industry
such as archaic legacy systems, lack of payment infrastructure, etc. as experienced by MSMEs
for expanding their scale.
Pushpa Bector, Chairperson, Retail Committee and EVP & Head of DLF Shopping Malls said,
“There is a pressing need for the retail industry to evolve in order to cater to the rapidly growing
segment of the digitally savvy consumer, who is always connected on social media and
expects a seamless online and offline experience. Thus, laying the foundation for New Retail with
differentiated products, personalized offers, self-service options and end-to-end lifecycle nurturing.”
“The e-commerce industry has revolutionised the retail industry.
Technology is expected to play an integral role in shaping the
industry for the future. Technology enabled innovations like Smart
Stores, Digital Payments, Hyper-local logistics, analytics driven
customer engagement and digital advertisements are expected to be the
drivers for growth within the sector.”
With a beneficial demographic dividend of the world's second largest
young population, an affluent middle class, and rapid urbanisation and
percolation of the internet across all strata, India is viewed as an
attractive global destination within the retail space, the company
added.
UNI SDR AE 1857
More News

Black Box profit rises 37 pc to Rs 56 crore in Q3, revenue dips

11 Feb 2025 | 7:51 PM

New Delhi, Feb 11 (UNI) Essar group firm Black Box on Tuesday reported 37% year-on-year rise in net profit to Rs 56 crore for October-December quarter (Q3) of the current financial year 2024-25.

see more..

Axis Bank launches series of initiatives to support pilgrims at Kumbh Mela

11 Feb 2025 | 7:49 PM

Kolkata, Feb 11 (UNI) Axis Bank has launched a series of impactful initiatives at Kumbh Mela in Prayagraj to create a seamless and secure experience for millions of devotees attending the sacred event.

see more..

Kottayam-Kochi Rubber market rates

11 Feb 2025 | 7:20 PM

Kottayam Feb 11(UNI) Following were the Rubber Market rates announced by the Rubber Board here on Tuesday per quintal
Kottayam
RSS FOUR: 19000
RSS FIVE : 18600
ISNR TWENTY: 18100
SIXTY PERCENT LATEX: 13630
Kochi

RSS FOUR : 19000
RSS FIVE : 18600
International Rates (Bangkok)
RSS One : 20203
RSS Two : 20048
RSS Three: 19906
RSS Four : 19828
RSS Five : 19712
Kualalumpur
SMR TWENTY : Holiday
SIXTY PERCENT LATEX : Holiday
UNI PA BD.

see more..

Stock Market nosedives; Sensex falls over 1,018 points

11 Feb 2025 | 7:13 PM

Mumbai/New Delhi, Feb 11 (UNI) India's benchmark indices on Tuesday nosedived as the BSE Sensex fell over 1,018 points on wide-spread selling mainly due to worries over escalating tariff war after Trump imposed 25 percent import tariff on Steel and aluminium that would impact India's business prospects.

see more..

Jindal (India) Ltd to enhance Crash Barrier Production capacity by 75 pc

11 Feb 2025 | 6:07 PM

Kolkata, Feb 11 (UNI) Jindal (India) Limited, part of prestigious B.C. Jindal Group and one of the leading downstream steel products manufacturers in India, has announced that it will expand its production capacity for Metal Beam Crash Barriers (MBCB) by 75 percent from the current capacity of 6000 MT, which is scheduled to commence in FY25, with full completion expected by FY26.

see more..
image