Brookfield Strategic Real Estate Partners III, a fund managed by Canada's Brookfield Asset Management, signed an agreement to purchase luxury hotel brand Leela Palaces and Resorts Limited from the holding company Hotel Leela Venture. The deal includes four luxury hotels located at Delhi, Chennai, Bangalore, and Udaipur, a land parcel...
South African Restaurant Chain to Expand in India
Having set up its first outlet in Delhi in February this year, South African casual dining restaurant chain Barcelos that serves Portuguese cuisine, aims to expand its footprint in the country. "The company sees India as one of the biggest opportunities to establish and expand its brand. Barcelos will have...
Small Grocery Stores in India Digitize
With the grocery business in India being dominated by big names such as Flipkart, Walmart, Amazon and Grofers, as well as supermarket chains, smaller family-owned kirana stores are finding ways to stay relevant in this sector. The biggest advantage the kirana's have is proximity to the customer as well as...
ThomasLloyd Invests in India's SolarArise
Zurich-based global investment and advisory firm, ThomasLloyd, solely dedicated to the infrastructure sector in Asia, acquired a significant stake in the Delhi-based solar project developer SolarArise India Projects Private Limited to become its largest shareholder. This is ThomasLloyd’s first renewable energy investment in India. With this acquisition, it will be...
New Delhi: 5th on Global Metro Monitor
The 2018’s edition of Global Metro Monitor ranked New Delhi as the sixth best performing metropolitan economy in the world. Delhi has the second largest metro area after Mumbai but with a per capita income of $18,600, which is three times the national average. The city has become a destination...
Etsy Launches in India
New York-based online marketplace for handcrafted goods Etsy launched in India. Based in Delhi, the Etsy team aims to help local entrepreneurs sell their handcrafted goods across the world. Indian vendors already have approximately 650,000 items listed on Etsy. The company will recruit and assist new sellers, who will be...