Indian Hotels Company Ltd (IHCL) recently confirmed that it had entered agreements to acquire a 51 per cent stake in Sparsh Infratech, the parent company of the wellness brand Atmantan, for around INR 240 crore. IHCL indicated that the investment would be funded through internal accruals and would give the hospitality group ownership of the brand, its 97-key luxury wellness retreat in Mulshi near Pune, and its proprietary programmes. The company conveyed that the partnership with founders Sharmilee and Nikhil Kapur would support its long-term strategy of expanding its integrated wellness portfolio across key destinations in India and abroad.Read more

Satya Retail, an affiliate of the DS Group specialising in digital B2B distribution for the convenience retail segment, announced earlier this week that it had partnered with Infinia Technologies, a subsidiary of Sirius International Holding, to introduce the Smart AI Integrator (SAII). The platform is designed to support millions of small convenience outlets across India by integrating AI, blockchain and fintech capabilities into a unified system. The initiative aims to streamline supply and demand, strengthen financial access for small retailers, enhance operational efficiency, and deepen India's transition towards a technology-enabled retail ecosystem.Read more

IKEA India reported annual revenue of INR 1,860.8 crore for FY24-25, a 6% rise from the previous year, driven by strong online sales, growing B2B orders and steady restaurant operations. Online revenue grew 34%, while the B2B segment expanded 20% and now contributes 19% of total sales. Food operations added about 10%, serving over 2.2 million meals. IKEA highlighted its focus on affordability, offering many products priced below INR 1,000. The retailer also expanded its network with a new Delhi city store and a Bengaluru Plan & Order Point, now reaching over 90% of urban households. It plans more small-format stores and a fresh investment round to support future growth.Read more

The upscale dining brand Bastian, co-owned by actress Shilpa Shetty, is set to establish a major 1 lakh sq ft food and entertainment zone in GIFT City, Gujarat. The facility will include restaurants, plazas and event spaces, marking a substantial expansion of the zone's social infrastructure. This move builds on Bastian's strong presence in Mumbai and the brand's luxury positioning among high-net-worth clients.Read more

Nexus Seawoods Mall in Navi Mumbai is set to transform into a culinary hotspot as it hosts The Global Food Carnival in collaboration with Things2do. Scheduled for the coming weekend, the two-day event promises over a hundred international flavours, more than ten live performances, and immersive entertainment zones. With renowned brands such as The Irish House, Tim Hortons, and Toscano participating, visitors can indulge in global cuisines, comfort classics, and street favourites. A dedicated Kids Zone with interactive games and activities ensures fun for all age groups.Read more

The Retailers Association of India (RAI) recently convened the Retail India Summit & Expo (RISE) 2025 in New Delhi, uniting industry leaders, innovators, and service providers to discuss the future of Indian retail. The summit centred around digital transformation, retail strategy, and customer experience enhancement. Key discussions included retail real estate, fintech integration, SaaS solutions, and emerging retail trends across Tier 2 and Tier 3 cities. The event also showcased advancements in artificial intelligence, virtual reality, and in-store technologies redefining retail operations and consumer engagement.Read more

India Circus has launched its largest store in Gurugram, marking ten years of growth in modern Indian design. Spanning nearly 2,000 sq. ft., the store showcases home decor, fashion, accessories, and wallpapers, offering an immersive experience that reflects the brand's journey from a small print-focused collection to a global lifestyle presence. Founder Krsnaa Mehta highlighted the strategic choice of Gurugram for its design-conscious audience and announced plans for a second store in Silverglade Mall, reinforcing the brand's focus on making contemporary Indian design accessible and engaging.Read more

V-Mart Retail Ltd narrowed its net loss to INR 8.87 crore in Q2, a significant improvement from INR 56.51 crore in the same quarter last year. Revenue from operations rose to INR 806.87 crore, mainly driven by a strong growth in retail trade revenue, which increased to INR 800.32 crore. Total expenses also rose, while digital marketplace revenue declined. The results indicate that physical retail channels remain strong, and the company's strategies to expand stores and improve operations are yielding positive effects despite challenges in its online segment.Read more

Radisson Hotel Group has entered into an agreement with Hill Crest Hotels and Resorts to develop a 350-key Radisson Collection Hotel near the upcoming Navi Mumbai International Airport. The project, expected to commence operations in 2028, marks the debut of the luxury lifestyle brand in Maharashtra. The development will expand the group's regional portfolio to around 646 keys by 2028. The company's leadership expressed optimism about strong growth in transit and corporate travel, anticipating significant demand for both premium accommodation and MICE facilities in the emerging airport corridor.Read more

Trident Realty has launched its latest luxury residential project, Central Vista, in Panchkula, aiming to generate about INR 1,200 crore in revenue. The project features 199 residential plots and is part of the developer�s 200-acre integrated township, Trident Hills. The company has already delivered over 500 units within the township. Recently, Trident Realty also partnered with DLF Ltd to co-develop a premium housing project in Mumbai. Founded in 2008, the developer has completed over 20 million sq ft of projects and has nearly 11 million sq ft under construction. The new launch reinforces Trident Realty�s growing presence in India�s high-end housing market.Read more