New York City-based Blackstone Group L.P. acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for $357 million -- this year’s largest commercial real estate deal. Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-story building, One BKC, is spread across 700,000 square feet and...
Danish Fashion Brand Hummel Opens 5 India Stores
Founded in 1923, Hummel, a sportswear company based in Aarhus, Denmark, inaugurated five stores in India and plans another ten by the end of this year. The first five stores, which are franchised, are located in Bangalore, Pune, Chennai, Surat, and Amritsar. Soumava Naskar, managing director of Hummel India, said...
Amazon Adds Flight Bookings to Services in India
Amazon adds flight bookings to its growing list of services in India where users can now book domestic flights through its website or mobile app. The service will be available through Amazon Pay, which also allows users to pay for utility bills and cellphone subscriptions. Amazon has partnered with Indian...
eBay to Invest $170 Million in India's E-Commerce Company
San Jose, CA-based eBay is poised to make a strategic investment of $170 million in Paytm Mall the Indian online retail platform space. Last year, the company sold its 6.55% stake it held in Flipkart for $1.1 billion when the startup was taken over by Walmart, and has been looking...
Amazon to Set Up 100 Offline Kiosks in India
Amazon will expand its footprint of offline kiosks in India, and launch over 100 small-format stores -- 70 to 80 square feet in size -- that will be located inside malls, by the end of 2019. An Amazon spokesperson said that these Amazon Kiosks (also known as Pop-Up stores) will...
Silicon Valley Tuning In to India's Music Industry
India's internet boom has tech giants turning to the country's 560 million internet users, and massive music industry. Facebook signed licensing deals with some of the biggest record labels in Bollywood that will allow users of Facebook and Instagram in India to add songs to their posts. Google rolled out...