Nexus Select Trust REIT IPO: 10 things to know about the first retail asset offering in India
India's first retail asset offering, Nexus Select Trust, will launch its IPO on May 9, closing on May 11, with a price band for its initial shares of between INR 95-100 ($1.28-$1.35). The company, which has 17 high-quality mall assets in 14 cities across India with a total leasable area of 9.2 million sq ft, is the country's largest mall platform. The IPO comprises a fresh issue of shares worth INR 1,400 crore and a sale of existing shares of up to INR 1,800 crore.
Nexus Select Trust REIT IPO: Price band announced, check dates
Nexus Select Trust is India’s largest mall platform of 17 high-quality assets, strategically located in dense residential catchments across 14 prominent cities such as Delhi (Select Citywalk), Navi Mumbai (Nexus Seawoods), Bengaluru (Nexus Koramangala), Chandigarh (Nexus Elante), Ahmedabad (Nexus Ahmedabad One) among others.
Apple store in Delhi: Date, location, special barricade, hassle-free QR code, all you may want to know
Apple is gearing to open its first retail store in Delhi.
Apple's first retail store in India: Date of opening, location, key details
Apple is opening its first retail store in India and it is located in Mumbai.
Apple to open flagship India store in Mumbai in April; second store to come up in Delhi
Apple is set to open its flagship store in Mumbai next month, followed by the second store in New Delhi in April-June. The stores will be similar to those in other countries, with a focus on luxury products. India has consistently been one of the best-performing markets for Apple for more than six years now. In the quarter ended December, the company achieved record overall sales in the country.
PVR plans big South India push this year amid rapid mall development
PVR is set to launch its first super luxury cinema format PVR Director’s Cut in South India in Bengaluru on December 9, chairman Ajay Bijli said. With this launch, the multiplex chain will have 88 screens in 12 properties in Bengaluru and 316 screens across 51 properties in South India.
Adani to launch open offer for ACC and Ambuja Cements on August 26
In two separate regulatory filings, Ambuja Cements and ACC have submitted their letter of offers for the open offer launched by the Adani family group's Mauritius-based firm Endeavour Trade and Investment.
IKEA leases 1 lakh sq ft at R City Mall in Mumbai’s Ghatkopar for city-center store
IKEA is known for its massive stores. However, the company is approaching Mumbai, the country’s most expensive realty market, with a different plan in line with other international cities like Paris, Moscow and Shanghai.
CCI hears startups in Google case; CityMall joins grocery rush
Google has been under fire around the world for its steep commissions and monopoly over payments on its Play Store.
US lifts pandemic travel ban, opens doors to visitors
The new rules allow air travel from previously restricted countries as long as the traveller has proof of vaccination and a negative COVID-19 test. Land travel from Mexico and Canada will require proof of vaccination but no test.
Apple’s own India store to open on 2022 Independence Day
The pandemic delayed both the store launch and the opening of the Maker Maxity Mall by about a year and the mall is now scheduled to roll out ahead of Diwali this year, sources said. Apple did not respond to an email seeking comment.
Malls in Maharashtra shut up shop, cite ‘impractical’ rules
“In light of the modified guidelines issued by the government of Maharashtra on Monday, restraining mall staff from returning to workplace unless they are vaccinated with two doses with a gap 14 days after the second dose, it is unfortunate that malls across the state have decided to close down,”, SCAI said.
Developers shut malls in Maharashtra due to impractical rules, seek vaccination condition review
One of the key conditions is complete vaccination of employees and customers to enter the malls and this, according to mall developers and retailers, is impractical and therefore needs to be reviewed.
Bengal eateries allowed to open for three hours with vaccinated employees: Mamata Banerjee
The government is also thinking of allowing shopping malls to open with 25 per cent workforce after the ongoing Covid related restrictions come to an end on June 15, she said at a meeting with representatives of various chambers of commerce at the state secretariat.
Haryana Covid lockdown extended till May 31; standalone shops allowed to open
In a bid to contain the Covid spread, the state government had first imposed the lockdown on May 3, which was extended every week since then.
Latest round of Covid restrictions has lenders fretting over rising defaults
Yesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays and also extended the night curfew until further orders.
Fresh curbs in Maharashtra and Delhi to tackle Covid-19 infections will severely hit hospitality: Industry insiders
Shivanand Shetty, president, Indian Hotel and Restaurant Association (AHAR) said restaurants are headed towards a complete collapse and if the Maharashtra government doesn't give a second thought, then the state could also see reverse migration of the staff back to their home states soon.
Burger King’s grey market premium at 75%: Check IPO allotment status here
Analysts were upbeat on Burger King IPO, as they feel the issue had left enough on the table for investors.
iSeed opens South East Asia fund
iSeed India has struck about 12 investments to date while iSeed SEA has committed to about four investments so far.
DLF says demolition is part of enhancement work after roof collapse video goes viral
The spokesperson said that the freak thunderstorm and extreme weather conditions that hit the city in June adversely impacted this portion of the roof in its vulnerable state.
Covid19 Impact: Mall operators’ operating income to decline 45-60% in FY2021, says ICRA
The increasing spread of the Covid-19 pandemic in India, starting from mid-March 2020 and the resultant preventive measures taken by the Central and various state governments have severely affected retail mall operations. Mall operators have been significantly impacted due to the closure of operations for around three months.
Malls in Gurgaon and Faridabad, in Haryana, didn’t reopen on Monday. Noida in Uttar Pradesh had allowed malls to reopen but big ones such as Mall of India, Great India Place and Logix say they plan to resume only later this week. Mumbai malls remain shut as infections rise. Most malls compulsorily checked body temperature and put in place sanitary measures for people and their belongings.
60,000 sq ft, 1,586 seats, 60 shows: INOX brings a global cinema destination to Mumbai with Megaplex
INOX has launched its biggest offering till date, Megaplex, an 11-screen theatre in Mumbai’s Inorbit Mall at Malad.
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