Tata Group's retail arm, Trent Ltd, has reported a consolidated net profit of INR 424.7 crore for the April-June quarter, marking an 8.6% year-on-year increase. The growth was backed by consistent performance across its retail formats, including Westside, Zudio, and Star. Revenue from operations surged 18.9% to INR 4,883.48 crore, while expenses also saw a rise. The company continues to expand its direct-to-customer strategy and strengthen its presence in key markets. With over 70% of Star's revenue coming from in-house brands, Trent is positioning itself for deeper market penetration and long-term value.Read more

Prestige Hospitality Ventures, the hospitality division of Prestige Estates Projects, has received approval from SEBI to go ahead with its INR 2,700 crore initial public offering. The IPO will comprise a fresh equity issue of INR 1,700 crore and an offer-for-sale of INR 1,000 crore by the parent company. The company plans to use the proceeds to reduce debt and fund future acquisitions. With nearly 1,500 rooms currently in operation and a robust pipeline of around 2,500 more, the company is strengthening its position in India's premium hospitality segment.Read more

Miraj Cinemas has launched a premium three-screen multiplex at the site of the former Akash Cinema in Azadpur, North Delhi. Once a well-known 1000-seater single-screen theatre, the space has been completely transformed to offer 427 luxury seats, state-of-the-art technology, immersive interiors, and gourmet dining. With Dolby sound, 3D capability, and designer décor inspired by Art Deco, the venue blends nostalgia with a contemporary cinematic experience. The multiplex marks Miraj Cinemas' fourth property in Delhi and reintroduces a landmark destination to the city's filmgoers with upgraded luxury and hospitality.Read more

Sarovar Hotels, the Indian division of Louvre Hotels Group, has introduced its luxury Tulip brand to Nepal through the launch of Royal Tulip Chitwan, developed by KTM Hospitality. The resort aims to offer a blend of comfort, adventure, and local culture. Meanwhile, Marriott International has expanded its portfolio with the inauguration of Fairfield by Marriott Jaipur Tonk Road, marking a continued push into secondary markets and reinforcing its presence in Rajasthan's capital.Read more

Decathlon plans to increase its sourcing from India to USD 3 billion by 2030, more than six times the current volume. India's share in the company's global sourcing is expected to grow from 8% to 15%. The sports goods retailer already sources goods worth over USD 480 million from India and is on track to locally produce 90% of the products it sells within the country. With 113 manufacturing units and 83 suppliers in India, Decathlon aims to use India as a key sourcing base across various categories including textiles, fitness gear, electronics, and sports accessories.Read more

Lulu Group has obtained prime land in Visakhapatnam and Vijayawada on long-term leases from the Andhra Pradesh government for developing mega shopping malls. Visakhapatnam's project spans 13.74 acres with a 13.5 lakh sq ft mall, while Vijayawada involves 4.15 acres for a 2.23 lakh sq ft retail complex. These allotments come with a 99 year lease and a three-year rent-free construction period under the state's tourism land policy. Critics have raised concerns over public land use, displacement of transport infrastructure, environmental risks, and the concessional deal running against legal norms.Read more

Retail space leasing in key Indian cities witnessed a notable 69 percent year-on-year increase during the first half of the year, reaching approximately 5.7 million sq ft, as per JLL India. This growth was attributed to heightened demand from both domestic and international retailers. Simultaneously, new supply of retail space more than doubled to 2.3 million sq ft across seven prominent cities. The sector has already achieved 70 percent of last year's total leasing activity, and leasing volumes are projected to surpass 10 million sq ft for the full year.Read more

IHG Hotels & Resorts has entered into a franchise agreement with KGA International Trades for the development of Holiday Inn Express Kottayam Changanassery in Kerala. The hotel, scheduled to open in the first quarter of 2027, will offer 90 rooms and be part of the under-construction KGA Mall, a mixed-use development. This collaboration marks IHG's second partnership with KGA, following their earlier project, Crowne Plaza Kochi. IHG currently operates 50 hotels across six brands in India, with 63 more properties in the pipeline set to launch within the next five years.Read more

The Goa government has amended its Homestay Policy to address key challenges for local communities in the state's rural hospitality sector. Under the revised policy, eligible applicants will now receive a direct grant of INR 2 lakh to set up homestays, replacing a previous reimbursement model that posed financial hurdles. This move, primarily aimed at empowering rural women who will manage these homestays, seeks to create livelihood opportunities, preserve cultural heritage, and add to Goa's tourism offerings. The application process will begin after the ongoing assembly session concludes next week, with an initial phase supporting 100 homestays and plans to strengthen partnerships with platforms like Airbnb and MakeMyTrip.Read more

Khushi Advertising has partnered with Nexus Ahmedabad One Mall to launch VERTIQ, a towering vertical-format digital screen under its KHUSHI D3X DOOH portfolio. Located at Gujarat's largest mall, the screen stands 10.5 ft - 31.5 ft and offers high-resolution, high-refresh-rate LED display capabilities, fully supporting 3D and anamorphic content. Designed to run 10-second ads in a 2-minute loop, VERTIQ enables brands to connect with over 900,000 monthly mall visitors through engaging, high-impact visuals. The screen enhances retail visibility and enriches the mall's experiential environment for both brands and consumers.Read more