Bangalore

Meet Ikea—the disrupter in Indian Home furnishings

Shopping tourism is relatively a new concept in India. Kerala Tourism attempted to replicate Dubai Shopping Festival but with limited success. Many feeble attempts, Surajkund Mela in the NCR region for example, are being made  across the country for a heady mix of shopping and tourism. But the real push has come from a  totally unexpected quarters—Swedish home furnishing major IKEA .

Karnataka emerges top investment destination

Karnataka this year, until July 2018, has attr-acted Rs 77,807 crore industrial investment prop­o­s­als, marking a 28.88 per cent increase in quantum of investment offers compared with same period last year.

As per the department of industrial policy and promotion (DIPP) data, Karnataka topped the list of investment offers, followed by Gujarat wh­ich received Rs 49,209 cr­ore proposals, Rajasthan Rs 32,970 crore, Maharas-htra Rs 25,411 crore and Punjab at 5th position received Rs 19,522 crore investments proposals.

IKEA to set up store in Bangalore, invest Rs 2,000 crore

The Swedish home fu­r­nishing major, IKEA, held a grou­nd-breaking ceremony of its third India store in Ba­ngalore on Thursday. The 500,000 sqft store that will come up in 2020 near Nagasandra on Tumkur Road will be logistically conne­cted to the Metro station.

Digital bloodbath may lead to more IT layoffs

The Indian tech sector has already started reporting a large number of casualties at senior level due to digital mainstreaming. Worse, more job losses are on the anvil. Top HR sources say many league players are expected to join Cognizant and announce mass exits of senior talent in the next couple of quarters.

GE to invest more in digital tech

GE Healthcare plans to invest more in digital technologies to bring down cost of medical diagnostics and to promote precision health.

The $20 billion GE Hea­l­t­hcare, a subsidiary of General Electric, which would be spun off as separate entity by end-2019, spends $1.2 billion on R&D. Most of that will now be channelled to develop and implement digital technologies, including artificial intelligence and ma­chine learning, said Kieran Murphy, president & CEO of GE Healthcare, here on Monday.

Indian IT firms focus on Canada after Trump tantrums

Indian tech firms have increased their focus on the Canadian market after Do­n­ald Trump assumed the presidency in the US. They have been busy ramping up their Canadian operations after the Trump administration made immigration and visa regulations more stringent and tough, said a senior Canadian diplomat.

Spectrum auction for 5G likely in later half of 2019

Telecom secretary Aruna Sundararajan on Sunday sa­id auction of spectrum for 5G services is likely to happ­en in the later half of 2019. The 5G services would offer telecom companies better visibility into market dynamics and potential revenue streams of the next-generation mobile services, Sundararajan said.

Titan eyes silver after gold, diamond

After carving out a significant niche for itself in the gold and diamond jewellery mart in the country, Titan Company flagship Tanishq has on Thursday announced its foray into the contemporary silver jewellery space.

Brought by Mia by Tanishq, the new silver collection — designer pendants, necklaces, rings, earrings, bracelets etc — comes in contemporary style, enamelling and with stones and designs to cater to the young and modern women. Mia is positioned as a brand of bold, modern and chic jewellery. The products are priced in the Rs 1,999 to Rs 5,000 range.

Tech sector upbeat as all-round growth on the way: Study

The technology sector is on a high as buyer markets and US and European economies are expected to boom. An across-the-board high growth is on the way that would virtually cover all market segments, said an Everest Group study.

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